JDL(SH:688057) Xin Lang Cai Jing·2025-10-30 15:49Core Viewpoint - Jindalai, a leading company in the domestic wastewater treatment industry, has strong technical barriers and focuses on overall design and system integration [1] Group 1: Business Performance - In Q3 2025, Jindalai reported revenue of 236 million yuan, ranking 42nd out of 51 in the industry, significantly lower than the top competitor, Beijing Capital Eco-Environment Protection Group, which had 13.453 billion yuan [2] - The main business composition includes wastewater treatment project operations at 94.51 million yuan (56.15%), overall water environment solutions at 35.83 million yuan (21.29%), and wastewater treatment equipment at 25.93 million yuan (15.40%) [2] - The net profit for the same period was 74.38 million yuan, ranking 27th in the industry, and was lower than the industry average of 230 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Jindalai's debt-to-asset ratio was 10.20%, down from 11.93% year-on-year, significantly lower than the industry average of 49.82%, indicating strong solvency [3] - The gross profit margin for Q3 2025 was 61.14%, slightly down from 61.77% year-on-year, but still well above the industry average of 32.13%, reflecting strong profitability [3] Group 3: Executive Compensation - The chairman, Tao Kun, received a salary of 1.5737 million yuan in 2024, a decrease of 382,900 yuan from 2023 [4] - The general manager, Zhou Rongzhong, had a salary of 884,000 yuan in 2024, down by 153,300 yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 3.71% to 11,300, while the average number of circulating A-shares held per account increased by 3.85% to 24,400 [5]