*ST阳光的前世今生:2025年三季度营收行业垫底,净利润排名靠后,商业租赁业务成主力支撑
Xin Lang Zheng Quan·2025-10-30 16:40

Core Viewpoint - *ST阳光 is a commercial real estate company with significant operational capabilities, but it faces challenges in revenue and profitability compared to industry leaders [1][2]. Group 1: Company Overview - *ST阳光 was established on June 7, 1996, and listed on the Shenzhen Stock Exchange on September 19, 1996, with its registered office in Nanning, Guangxi, and operational office in Shenzhen, Guangdong [1]. - The company focuses on commercial operation management, property leasing, and sales of residential and commercial properties, categorized under the real estate development sector [1]. Group 2: Financial Performance - For Q3 2025, *ST阳光 reported revenue of 252 million yuan, ranking last in the industry, significantly lower than the top competitor, China Merchants Shekou, which reported 89.77 billion yuan [2]. - The company's net profit was -66.33 million yuan, also ranking 7th out of 10, with a stark contrast to the leading competitor's profit of 3.60 billion yuan [2]. - The asset-liability ratio stood at 42.09%, lower than the industry average of 68.96%, indicating better debt management [2]. - The gross profit margin was 32.89%, higher than the industry average of 22.73%, although it decreased from 60.39% in the previous year [2]. Group 3: Management and Shareholder Information - The chairman, Chen Jiaxian, received a salary of 1.79 million yuan in 2024, while the president, Xiong Wei, earned 3.99 million yuan, a decrease from the previous year [3]. - As of September 30, 2025, the number of A-share shareholders decreased by 9.32% to 23,800, while the average number of shares held per shareholder increased by 10.28% to 31,300 [3].