Core Insights - Tongxing Technology, established in January 2001, went public on May 25, 2023, on the Shenzhen Stock Exchange, and is based in Zhejiang Province [1] - The company specializes in refrigeration equipment, focusing on the research, production, and sales of related products, including heat exchangers, refrigeration system pipe components, automotive air conditioning pipelines, and refrigeration unit modules [1] Financial Performance - For Q3 2025, Tongxing Technology reported revenue of 915 million yuan, ranking 26th out of 34 in the industry, significantly lower than the top competitor, Sanhua Intelligent Controls, which had 24.03 billion yuan, and the second competitor, Haili Co., with 16.49 billion yuan [2] - The main business composition includes refrigeration components and products at 483 million yuan (77.83%), automotive air conditioning system components at 109 million yuan (17.59%), and other supplementary products at 28.42 million yuan (4.58%) [2] - The net profit for the same period was 88.57 million yuan, ranking 16th in the industry, with a notable gap from the top competitor's net profit of 3.29 billion yuan [2] Financial Ratios - As of Q3 2025, Tongxing Technology's debt-to-asset ratio was 25.74%, down from 28.29% year-on-year, and significantly lower than the industry average of 41.84%, indicating strong solvency [3] - The gross profit margin for the same period was 19.67%, slightly down from 21.76% year-on-year but still above the industry average of 18.50% [3] Management Compensation - The chairman, Zhang Liangcan, received a salary of 804,200 yuan in 2024, a slight decrease from 804,700 yuan in 2023 [4] - The general manager, Zhang Tianhong, earned 403,700 yuan in 2024, also a minor decrease from 403,900 yuan in 2023 [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 3.74% to 13,800, with an average holding of 3,343.33 circulating A-shares, which increased by 1.57% [5]
同星科技的前世今生：2025年三季度营收行业第26，净利润第16，低于行业平均水平