中科海讯的前世今生：2025年三季度营收1.45亿行业垫底，净利润亏损7761.81万排名最末

Core Viewpoint - Zhongke Haixun is a leading company in the sonar field in China, with a strong technical foundation and full industry chain advantages, focusing on the research, production, and sales of sonar-related products [1] Group 1: Business Performance - In Q3 2025, Zhongke Haixun reported revenue of 145 million yuan, ranking 9th among 9 companies in the industry, while the industry leader, China Shipbuilding, achieved revenue of 107.403 billion yuan [2] - The company's net profit for the same period was -77.6181 million yuan, also ranking 9th, with the industry leader's net profit at 7.841 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Zhongke Haixun's debt-to-asset ratio was 38.74%, an increase from 35.66% year-on-year, but still below the industry average of 41.76% [3] - The company's gross profit margin for Q3 2025 was 25.89%, down from 38.76% year-on-year, yet higher than the industry average of 20.95% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 4.74% to 20,900, while the average number of circulating A-shares held per shareholder increased by 4.97% to 5,455.92 [5] - The top ten circulating shareholders included new entrants, with significant changes in holdings among existing shareholders [5] Group 4: Future Outlook - The company is expected to benefit from the emerging deep-sea technology sector, with projected net profits for 2025, 2026, and 2027 estimated at 11 million, 25 million, and 41 million yuan, respectively [5] - Zhongke Haixun has made significant strides in transforming from a core supplier to a "supply + system" provider, with successful bids in water sound big data equipment [5][6]