HYC(SZ:000586) Xin Lang Cai Jing·2025-10-31 01:02Company Overview - Huiyuan Communication was established on March 4, 1994, and listed on the Shenzhen Stock Exchange on December 20, 1995. The company is headquartered in Chengdu, Sichuan Province and is a leading supplier of communication cables and related products in China, possessing a full industry chain advantage [1] Business Performance - For Q3 2025, Huiyuan Communication reported revenue of 361 million, ranking 11th in the industry out of 12, significantly lower than the industry leader Hengtong Optic-Electric at 49.62 billion and second-ranked Zhongtian Technology at 37.97 billion. The industry average revenue is 9.26 billion, and the median is 1.98 billion [2] - The main business composition includes optical cables and fiber products at 115 million, accounting for 48.96%, online monitoring products at 104 million, accounting for 44.12%, and communication engineering and system integration at 8.28 million, accounting for 3.51% [2] - The net profit for the same period was 15.37 million, ranking 10th in the industry, again significantly lower than Hengtong Optic-Electric's 2.54 billion and Zhongtian Technology's 2.36 billion. The industry average net profit is 508 million, and the median is 85.37 million [2] Financial Ratios - As of Q3 2025, Huiyuan Communication's debt-to-asset ratio was 43.66%, slightly lower than the industry average of 44.07%, up from 37.72% in the same period last year [3] - The gross profit margin for Q3 2025 was 33.88%, an increase from 30.87% year-on-year, and higher than the industry average of 24.18% [3] Management Team - The Chairman, Li Hongxing, has a strong background with a law degree and experience in investment banking. The General Manager, Wu Xuesong, has a degree from Peking University and has held significant positions in major companies. Wu's salary decreased from 1.1695 million in 2023 to 1.1173 million in 2024, a reduction of 52,200 [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 1.67% to 16,400, while the average number of circulating A-shares held per shareholder increased by 1.70% to 11,800 [5]