Leon(SZ:300603) Xin Lang Cai Jing·2025-10-31 04:53Core Insights - Lian Technology, founded in 1996 and listed in 2017, is a leading digital service provider in China, focusing on digital city systems, IDC data centers, and cloud computing services [1] Group 1: Business Performance - For Q3 2025, Lian Technology reported revenue of 572 million yuan, ranking 13th in the industry, significantly lower than the top competitor, Runjian Co., which had 7.271 billion yuan [2] - The net profit for the same period was -59.92 million yuan, placing the company 17th in the industry, far behind the leading net profit of 80.50 million yuan from Zhongbei Communication [2] Group 2: Financial Ratios - As of Q3 2025, Lian Technology's debt-to-asset ratio was 35.39%, slightly up from 34.35% year-on-year, but still below the industry average of 52.90%, indicating lower debt pressure [3] - The gross profit margin for Q3 2025 was 7.04%, a significant drop from 14.70% year-on-year and below the industry average of 15.25%, suggesting a need for improvement in profitability [3] Group 3: Executive Compensation - The chairman, Wang Gang, received a salary of 779,700 yuan in 2024, an increase of 47,700 yuan from 2023 [4] - The president, Zhou Lu, earned 664,100 yuan in 2024, a slight decrease from 666,700 yuan in 2023 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 1.94% to 44,400, while the average number of circulating A-shares held per shareholder increased by 3.04% to 8,419.71 [5] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited ranked eighth, holding 1.4622 million shares, down by 612,300 shares from the previous period [5]