ASD(SZ:002403) Xin Lang Zheng Quan·2025-10-30 15:15Core Viewpoint - Aishida, a well-known kitchen cookware manufacturer in China, has shown mixed financial performance in Q3 2025, ranking fifth in revenue but tenth in net profit within its industry [2][3]. Group 1: Company Overview - Aishida was established on May 13, 1993, and was listed on the Shenzhen Stock Exchange on May 11, 2010. The company is headquartered in Zhejiang Province and specializes in kitchen cookware, small kitchen appliances, home goods, and robotics [1]. - The company operates in the household appliances sector, specifically in small kitchen appliances, and is involved in new retail, e-commerce, and other innovative concepts [1]. Group 2: Financial Performance - In Q3 2025, Aishida reported a revenue of 1.954 billion yuan, ranking fifth in the industry, significantly lower than the top competitors Suo Bo Er (16.897 billion yuan) and Xin Bao (12.284 billion yuan) [2]. - The revenue breakdown shows that cookware generated 913 million yuan (71.88%), small appliances 183 million yuan (14.40%), and robotics 134 million yuan (10.55%) [2]. - The net profit for the same period was -62.634 million yuan, placing Aishida last in the industry, far below Suo Bo Er's 1.364 billion yuan and Xin Bao's 870 million yuan [2]. Group 3: Financial Ratios - Aishida's debt-to-asset ratio stood at 66.91% in Q3 2025, higher than the previous year's 65.52% and above the industry average of 45.79% [3]. - The gross profit margin for Aishida was 31.22%, an increase from 29.68% year-on-year and above the industry average of 26.38% [3]. Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 4.63% to 47,900, while the average number of shares held per shareholder increased by 4.86% to 6,200.03 shares [5]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the eighth largest, holding 1.3258 million shares as a new shareholder [5]. Group 5: Executive Compensation - The chairman and general manager, Chen Helin, received a salary of 341,000 yuan in 2024, an increase of 62,000 yuan from 2023 [4].