HIKING(SH:600735) Xin Lang Zheng Quan·2025-10-30 15:18Core Viewpoint - ST Xinhua Jin has established itself as a leader in the industry with strong revenue and net profit figures, while also maintaining a low debt ratio, indicating solid financial health and operational efficiency [2][3]. Group 1: Business Overview - ST Xinhua Jin was founded on November 28, 1993, and listed on the Shanghai Stock Exchange on July 26, 1996, with its headquarters in Qingdao, Shandong Province [1]. - The company operates in multiple sectors, including hair products, cross-border e-commerce, graphite new materials, and health care, with a focus on exports and imports [1]. Group 2: Financial Performance - For Q3 2025, ST Xinhua Jin reported revenue of 1.025 billion yuan, ranking first in the industry, followed by Ruibeka with 898 million yuan [2]. - The revenue breakdown shows hair products contributing 414 million yuan (61.93%), e-commerce 143 million yuan (21.37%), textiles 99.48 million yuan (14.87%), and others 12.136 million yuan (1.81%) [2]. - The net profit for the same period was 45.6757 million yuan, also the highest in the industry, with Ruibeka at 11.6427 million yuan [2]. Group 3: Financial Ratios - As of Q3 2025, ST Xinhua Jin's debt-to-asset ratio was 23.48%, down from 30.01% year-on-year and below the industry average of 32.72%, indicating strong solvency [3]. - The gross profit margin for Q3 2025 was 25.01%, slightly up from 24.83% year-on-year but lower than the industry average of 31.08% [3]. Group 4: Management and Shareholder Information - The company's president, Meng Zhao Jie, received a salary of 510,000 yuan in 2024, an increase of 114,400 yuan from 2023 [4]. - As of June 30, 2025, the number of A-share shareholders increased by 5.60% to 22,800, while the average number of circulating A-shares held per shareholder decreased by 5.30% to 18,600 [5].