盛视科技的前世今生：瞿磊掌舵二十八年，智慧口岸查验系统营收占比近九成，布局机器人赛道扩张新章

Core Viewpoint - Shengshi Technology is a leading enterprise in the smart port industry, focusing on new generation information technology research and providing intelligent products and solutions for smart society construction [1] Group 1: Business Performance - In Q3 2025, Shengshi Technology achieved operating revenue of 953 million yuan, ranking 22nd out of 63 in the industry, significantly lower than the top competitor, Inspur Information, which reported 120.67 billion yuan [2] - The main business revenue from smart port inspection system solutions was 492 million yuan, accounting for 89.54% of total revenue [2] - The net profit for the same period was 61.31 million yuan, also ranking 22nd in the industry, and lower than the industry average of 102 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, the asset-liability ratio was 34.69%, higher than the previous year's 30.02% and slightly above the industry average of 34.38% [3] - The gross profit margin for the same period was 38.20%, down from 40.52% year-on-year but still above the industry average of 34.46% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 8.97% to 22,400, while the average number of circulating A-shares held per shareholder increased by 9.86% to 5,987.74 [5] - The top circulating shareholder, Penghua Carbon Neutral Theme Mixed A, held 1.2339 million shares, a decrease of 934,800 shares from the previous period [5] Group 4: Management Compensation - The chairman, Qu Lei, received a salary of 951,800 yuan in 2024, an increase of 47,000 yuan from 2023 [4] - The general manager, Jiang Bing, received a salary of 964,000 yuan in 2024, an increase of 24,000 yuan from 2023 [4] Group 5: Analyst Ratings and Future Projections - According to招商证券, the revenue forecast for 2025-2027 is adjusted to 1.129 billion, 1.302 billion, and 1.497 billion yuan, with net profit projections of 123 million, 166 million, and 209 million yuan respectively [5] - 平安证券 maintains a "strongly recommend" rating, projecting net profits of 183 million, 236 million, and 307 million yuan for 2025-2027 [6]