Feitian(SZ:300386) Xin Lang Zheng Quan·2025-10-31 00:42Core Viewpoint - Feitian Technology is a leading provider of information security products and services in China, specializing in identity authentication with strong technical advantages [1] Group 1: Business Performance - In Q3 2025, Feitian Technology reported revenue of 520 million yuan, ranking 36th in the industry, significantly lower than the top competitor, Inspur Information, which had 120.669 billion yuan [2] - The company's net profit was 10.3509 million yuan, also ranking 36th, far below the industry leader's net profit of 1.489 billion yuan [2] - The main business segments include smart terminals (148 million yuan, 45.75%), identity authentication products (133 million yuan, 40.97%), and security chips (42.4775 million yuan, 13.10%) [2] Group 2: Financial Health - As of Q3 2025, Feitian Technology's debt-to-asset ratio was 9.38%, lower than the industry average of 34.38%, indicating strong solvency [3] - The gross profit margin for Q3 2025 was 40.31%, higher than the industry average of 34.46%, reflecting strong profitability [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 1.71% to 43,500, while the average number of circulating A-shares held per account increased by 1.74% to 5,762.56 [5] - Among the top ten circulating shareholders, Huabao Zhongzheng Financial Technology Theme ETF ranked fifth, increasing its holdings by 1.6593 million shares [5]