Core Viewpoint - JuJiao Co., Ltd. is a leading supplier of hot melt adhesives for absorbent hygiene products, showcasing strong R&D capabilities and production technology [1] Group 1: Business Performance - In Q3 2025, JuJiao's revenue reached 1.539 billion yuan, ranking third in the industry, with the top competitor, Yongguan New Materials, at 5.003 billion yuan [2] - The net profit for the same period was 141 million yuan, placing JuJiao first in the industry, while the second-ranked Yongguan New Materials reported 112 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, JuJiao's debt-to-asset ratio was 34.26%, significantly lower than the industry average of 48.98% [3] - The gross profit margin for the same period was 19.74%, higher than the industry average of 13.88% [3] Group 3: Executive Compensation - Chairman Chen Shuguang's compensation for 2024 was 3.0751 million yuan, a decrease of 65,000 yuan from 2023 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 19.47% to 6,404 [5] - The average number of circulating A-shares held per shareholder increased by 24.11% to 7,155.82 [5] Group 5: Future Outlook - JuJiao's Q3 2025 performance set a new record with revenue of 545 million yuan, a year-on-year increase of 7.78% and a quarter-on-quarter increase of 11.24% [5] - The company is expected to see net profits of 220 million, 280 million, and 330 million yuan for 2025, 2026, and 2027, respectively, with corresponding P/E ratios of 18, 14, and 12 [5]
聚胶股份的前世今生：2025年三季度营收15.39亿行业第三，净利润1.41亿排名第一