JIANGNAN YIFAN(SZ:301023) Xin Lang Cai Jing·2025-10-31 06:42Core Viewpoint - Jiangnan Yifan is a leading player in the customized micro-reduction motor sector in China, with a strong focus on R&D, manufacturing, and sales, and has shown significant growth potential in various applications [1][5]. Group 1: Business Performance - In Q3 2025, Jiangnan Yifan reported revenue of 202 million yuan, ranking 26th among 26 companies in the industry, while the industry leader, Wolong Electric Drive, achieved revenue of 11.967 billion yuan [2]. - The company's net profit for the same period was 57.35 million yuan, placing it 15th in the industry, with the top performer, Dayang Electric, reporting a net profit of 896 million yuan [2]. Group 2: Financial Health - Jiangnan Yifan's debt-to-asset ratio was 8.25% in Q3 2025, down from 9.85% year-on-year, significantly lower than the industry average of 35.64%, indicating strong solvency [3]. - The company's gross profit margin stood at 43.22%, slightly down from 44.31% year-on-year, but still above the industry average of 21.03% by 22.19 percentage points, reflecting robust profitability [3]. Group 3: Executive Compensation - Chairman Liu Jincheng's salary for 2024 is 520,500 yuan, a decrease of 8,600 yuan from 2023, while General Manager Liu Songyan's salary increased to 1.0116 million yuan, up by 169,900 yuan from the previous year [4]. Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 8.73% to 11,300, while the average number of circulating A-shares held per shareholder increased by 9.43% to 3,669.59 [5]. - The company has seen a continuous recovery in performance since 2024, with projected revenues of 364 million, 451 million, and 543 million yuan for 2025 to 2027, reflecting year-on-year growth rates of 29%, 24%, and 20% respectively [5].