贝仕达克的前世今生：营收远低于行业均值，净利润行业排名中等，资产负债率低于行业平均

Core Viewpoint - Beishidake, established in May 2010 and listed on the Shenzhen Stock Exchange in March 2020, operates in the smart controller and smart product sector, showcasing strong R&D and production capabilities, with a notable technological advantage in the industry [1] Financial Performance - In Q3 2025, Beishidake reported revenue of 651 million yuan, ranking 69th out of 88 in the industry, significantly lower than the top player, Hon Hai Precision Industry, which had revenue of 603.93 billion yuan, and the second player, Luxshare Precision, with 220.91 billion yuan. The industry average revenue was 15.49 billion yuan, and the median was 1.41 billion yuan [2] - The net profit for the same period was 22.59 million yuan, ranking 59th out of 88, again far behind Hon Hai's 22.52 billion yuan and Luxshare's 12.73 billion yuan. The industry average net profit was 635 million yuan, and the median was 54.76 million yuan [2] Financial Ratios - As of Q3 2025, Beishidake's debt-to-asset ratio was 19.66%, up from 18.04% year-on-year, which is significantly lower than the industry average of 44.84%, indicating strong debt repayment capability [3] - The gross profit margin for Q3 2025 was 24.00%, down from 25.33% year-on-year, but still above the industry average of 19.47%, suggesting a competitive edge in profitability [3] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 11.71% to 20,400, while the average number of circulating A-shares held per account increased by 13.27% to 14,100. Among the top ten circulating shareholders, Hong Kong Central Clearing Limited was the ninth largest, holding 739,800 shares, a decrease of 106,400 shares from the previous period [5]