Yangzhou Chenhua(SZ:300610) Xin Lang Cai Jing·2025-10-30 23:30Core Viewpoint - Chenhua Co., Ltd. is a significant player in the fine chemical new materials sector in China, focusing on R&D, production, and sales of related products, with a strong technical and full industry chain advantage [1] Group 1: Business Performance - For Q3 2025, Chenhua's revenue was 653 million yuan, ranking 46th out of 79 in the industry, significantly lower than the top players, China National Chemical Corporation (35.716 billion yuan) and Hangyang Co., Ltd. (11.428 billion yuan) [2] - The main business revenue composition includes surfactants at 354 million yuan (81.58%), flame retardants at 48.15 million yuan (11.11%), and silicone rubber at 28.09 million yuan (6.48%) [2] - The net profit for the same period was 52.83 million yuan, ranking 41st in the industry, also trailing behind leading companies [2] Group 2: Financial Ratios - As of Q3 2025, Chenhua's debt-to-asset ratio was 27.72%, an increase from 24.72% year-on-year, but still below the industry average of 34.74% [3] - The gross profit margin for the period was 19.87%, slightly down from 19.97% year-on-year and below the industry average of 19.93% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 0.83% to 14,600, while the average number of circulating A-shares held per account decreased by 0.82% to 11,000 [5] - The company reported a revenue of 430 million yuan for H1 2025, a year-on-year decrease of 5.6%, while the net profit increased by 34% to 52 million yuan [5] Group 4: Leadership Compensation - The chairman and general manager, Yu Zizhou, received a salary of 546,300 yuan in 2024, a slight decrease from 549,400 yuan in 2023 [4]