电工合金的前世今生:2025年Q3营收22.93亿行业垫底,净利润1.29亿行业倒数第三

Core Insights - The company, Electric Alloy, was established on June 12, 1985, and listed on the Shenzhen Stock Exchange on September 7, 2017. It is a significant player in the domestic copper and copper alloy products sector, possessing certain technological advantages in research and production [1] Financial Performance - For Q3 2025, Electric Alloy reported a revenue of 2.293 billion yuan, ranking 16th in the industry, significantly lower than the top player Jiangxi Copper's 396.047 billion yuan and second-ranked Zijin Mining's 254.2 billion yuan. The industry average revenue was 89.055 billion yuan, with a median of 56.687 billion yuan [2] - The company's net profit for the same period was 129 million yuan, placing it 14th in the industry, again far below Zijin Mining's 45.701 billion yuan and Luoyang Molybdenum's 16.488 billion yuan. The industry average net profit was 5.201 billion yuan, with a median of 800 million yuan [2] Financial Ratios - As of Q3 2025, Electric Alloy's debt-to-asset ratio was 44.43%, an increase from 36.08% in the previous year, but still below the industry average of 54.12% [3] - The company's gross profit margin for Q3 2025 was 11.23%, up from 10.68% year-on-year, exceeding the industry average of 10.36% [3] Corporate Governance - The chairman, Chen Yehui, has not experienced any changes in compensation. The company's controlling shareholder is Xiamen Quanxin Enterprise Management Co., Ltd., with the actual controller being the State-owned Assets Supervision and Administration Commission of Xiamen Municipal Government [4] - The general manager, Feng Yuejun, saw a decrease in salary from 1.1751 million yuan in 2023 to 1.1568 million yuan in 2024, a reduction of 18,300 yuan [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 2.75% to 40,500, while the average number of circulating A-shares held per household decreased by 2.68% to 8,182 [5]