Core Viewpoint - Zhejiang Huayuan, established on January 16, 2002, is a leading player in the customized automotive system connectors sector, with strong R&D capabilities and reliable product quality. The company is set to be listed on the Shenzhen Stock Exchange on March 27, 2025 [1]. Financial Performance - For Q3 2025, Zhejiang Huayuan reported a revenue of 541 million yuan, ranking 44th among 55 companies in the industry, significantly lower than the top competitors, Zhongding Company (14.555 billion yuan) and Lingyun Company (14.07 billion yuan). The industry average revenue is 2.15 billion yuan, and the median is 1.283 billion yuan [1]. - The main business revenue composition includes fasteners at 208 million yuan (60.41%), locks at 129 million yuan (37.49%), and other revenues at 7.1915 million yuan (2.09%). The net profit for the same period was 78.9528 million yuan, ranking 27th in the industry, lower than Zhongding Company (1.305 billion yuan) and Lingyun Company (786 million yuan), but slightly above the industry median of 783.098 million yuan and below the average of 1.29 billion yuan [1]. Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 21.69%, down from 30.03% in the previous year and significantly lower than the industry average of 40.56%, indicating strong solvency [2]. - The gross profit margin for the same period was 28.31%, a decrease from 31.26% year-on-year, yet still above the industry average of 21.56%, reflecting robust profitability [2]. Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 18.78% to 17,600, while the average number of circulating A-shares held per account increased by 31.12% to 3,628.58 shares. The largest circulating shareholder is Hong Kong Central Clearing Limited, holding 678,800 shares, an increase of 302,800 shares from the previous period [4].
浙江华远的前世今生：2025年Q3营收行业44，净利润行业27，资产负债率远低于行业平均