Langsha(SH:600137) Xin Lang Cai Jing·2025-10-30 15:56Core Viewpoint - Langsha Co., Ltd. is a well-known domestic knitted underwear enterprise with a full industrial chain production advantage, making it highly valuable for investment [1] Group 1: Business Overview - Langsha Co., Ltd. was established on December 26, 1996, and listed on the Shanghai Stock Exchange on April 16, 1998, with its registered and office address in Yibin, Sichuan Province [1] - The main business includes manufacturing knitted underwear and fabrics, wholesale and retail of goods, import and export, as well as investment management consulting [1] - The company belongs to the textile and apparel industry, specifically in non-sports clothing [1] Group 2: Financial Performance - For Q3 2025, Langsha's revenue was 239 million yuan, ranking 35th among 38 companies in the industry, significantly lower than the top company, Hailan Home, which had 15.599 billion yuan [2] - The net profit for the same period was 19.6 million yuan, ranking 22nd in the industry, also far behind the leading company, Youngor, which reported 2.334 billion yuan [2] - The main business composition includes shorts at 81.8 million yuan (57.81%), other products at 25.4 million yuan (17.99%), underwear at 13.2 million yuan (9.32%), and bras at 12.8 million yuan (9.06%) [2] Group 3: Financial Ratios - As of Q3 2025, Langsha's debt-to-asset ratio was 20.46%, lower than the industry average of 38.41% [3] - The gross profit margin for the same period was 26.41%, which is below the industry average of 44.68% [3] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 2.51% to 13,000, while the average number of circulating A-shares held per shareholder increased by 2.58% to 7,497.89 [5] - Notable new shareholders include Noan Multi-Strategy Mixed A and CITIC Prudential Multi-Strategy Mixed A, holding 819,400 shares and 483,900 shares respectively [5]