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*ST花王的前世今生：2025年三季度营收行业第16，净利润行业第12，业绩待提升
Xin Lang Cai Jing·2025-10-30 15:50

Core Viewpoint - *ST Huawang, established in 2003 and listed in 2016, operates in the landscape engineering sector with a focus on municipal, tourism, road, and real estate landscaping projects, alongside a minor flower seedling business [1] Group 1: Business Performance - In Q3 2025, *ST Huawang reported revenue of 189 million, ranking 16th in the industry, significantly lower than the top competitor Palm Holdings at 1.945 billion and second-place Mongcao Ecological at 1.63 billion, with the industry average at 492 million and median at 313 million [2] - The main business composition includes design revenue of 14.8616 million, accounting for 69.41%, and engineering revenue of 6.5166 million, accounting for 30.44%, with other revenues at 31.7 thousand, making up 0.15% [2] - The net profit for the same period was -36.2808 million, ranking 12th in the industry, with the top performer Huylv Ecological at 97.496 million and second-place Mongcao Ecological at 83.714 million, while the industry average was -108 million and median at -33.6433 million [2] Group 2: Financial Ratios - As of Q3 2025, *ST Huawang's debt-to-asset ratio was 68.84%, down from 85.18% year-on-year, but still above the industry average of 65.35%, indicating significant debt pressure [3] - The gross profit margin for Q3 2025 was 6.26%, an improvement from -1.42% year-on-year, yet still below the industry average of 11.95%, suggesting room for improvement in profitability [3] Group 3: Leadership - The company is led by Chairwoman Yu Yajun, who holds a Master's degree in Business Administration from Zhejiang University and has received numerous honors, including being recognized as a national model for women's contributions [4] - The General Manager, Liu Jianzhe, holds a PhD in condensed matter physics from Hunan University and has been involved in various technology projects, contributing to multiple patents and receiving several provincial and municipal awards [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 5.73% to 18,300, while the average number of circulating A-shares held per account decreased by 5.42% to 27,200 [5]