Core Viewpoint - Zhongjuxin Technology Co., Ltd. is a leading domestic supplier of electronic chemical materials, with a comprehensive business covering electronic wet chemicals, electronic specialty gases, and precursor materials, showcasing a differentiated advantage with a full industry chain layout [1] Group 1: Business Performance - In Q3 2025, Zhongjuxin reported revenue of 881 million yuan, ranking 24th among 35 companies in the industry, significantly lower than the top performer, Xilong Science, at 5.324 billion yuan [2] - The main business revenue composition includes electronic wet chemicals at 433.4 million yuan (76.63%), electronic specialty gases and precursors at 120 million yuan (21.25%), and other businesses at 11.99 million yuan (2.12%) [2] - The net profit for the same period was 21.086 million yuan, ranking 30th in the industry, far behind the leading company, Anji Technology, which reported 608 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Zhongjuxin's debt-to-asset ratio was 24.10%, an increase from 21.28% year-on-year, but still below the industry average of 28.64%, indicating relatively low debt pressure [3] - The gross profit margin for Q3 2025 was 13.77%, slightly down from 14.09% year-on-year and significantly lower than the industry average of 31.60%, suggesting a need for improvement in profitability [3] Group 3: Leadership and Compensation - Chairman Tong Jihong, born in December 1968, has extensive experience in the chemical industry and has held various positions since 1990, becoming chairman of Zhongjuxin in June 2021 [4] - The general manager, Chen Gang, born in July 1969, had a salary of 999,000 yuan in 2024, an increase of 110,000 yuan from 2023 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 13.97% to 38,200, while the average number of circulating A-shares held per household decreased by 10.50% to 15,400 [5] - Notable changes among the top ten circulating shareholders include a decrease in holdings by the third-largest shareholder, the Harvest SSE STAR Chip ETF, by 652,300 shares [5] Group 5: Revenue Growth and R&D - In the first half of 2025, Zhongjuxin achieved total revenue of 567 million yuan, a year-on-year increase of 20.40%, with significant growth in the electronic wet chemicals segment, which saw a revenue increase of 25.57% [6] - R&D expenses reached 40.596 million yuan, accounting for 7.17% of revenue, reflecting a year-on-year increase of 38.70% [6] - The company has made progress in product development, including the industrialization of several new products and advancements in purification technologies [6]
中巨芯的前世今生：2025年Q3营收8.81亿排行业24，净利润2108.6万排30，均低于行业均值