JPT(SH:688025) Xin Lang Cai Jing·2025-10-30 16:19Core Viewpoint - Jiepu Te is a leading domestic MOPA laser manufacturer, specializing in the research, production, and sales of laser equipment and intelligent devices, with a strong technical foundation and wide application in various sectors [1] Group 1: Business Performance - In Q3 2025, Jiepu Te reported revenue of 1.509 billion yuan, ranking 6th among 10 companies in the industry, with the top company, Han's Laser, achieving 12.713 billion yuan [2] - The company's net profit for the same period was 201 million yuan, ranking 3rd in the industry, with the leading company, Huagong Technology, reporting a net profit of 1.314 billion yuan [2] - The revenue from laser products was 469 million yuan, accounting for 53.32% of total revenue, while revenue from laser/intelligent optical equipment was 336 million yuan, making up 38.19% [2] Group 2: Financial Health - As of Q3 2025, Jiepu Te's debt-to-asset ratio was 29.18%, an increase from 25.29% year-on-year, but still below the industry average of 46.31%, indicating lower financial risk [3] - The gross profit margin for Q3 2025 was 40.58%, slightly up from 40.20% year-on-year, and higher than the industry average of 30.30%, reflecting strong profitability and cost control [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 8.35% to 7,160, while the average number of circulating A-shares held per shareholder decreased by 7.71% to 13,300 [5] - Notable changes among the top ten circulating shareholders included the entry of new shareholders such as Huaxia Industry Prosperity Mixed A and GF Innovation Upgrade Mixed, while some exited the list [5] Group 4: Future Outlook - The company achieved a revenue of 881 million yuan in the first half of 2025, a year-on-year increase of 48.34%, and a net profit of 95 million yuan, up 73.84% [5] - Projections for 2025-2027 indicate net profits of 247 million, 340 million, and 507 million yuan, respectively, with a maintained "buy" rating from analysts [6]