TAGEN GROUP(SZ:000090) Xin Lang Zheng Quan·2025-10-31 09:23Core Viewpoint - Tianjian Group, established in 1993 and listed in 1999, operates in real estate development, construction, and urban services, holding a significant position in the Shenzhen market [1] Group 1: Business Performance - In Q3 2025, Tianjian Group reported revenue of 9.959 billion yuan, ranking 12th in the industry, below the top competitors Poly Developments (173.722 billion yuan) and Vanke A (161.388 billion yuan) [2] - The net profit for the same period was -18.725 million yuan, ranking 37th in the industry, significantly lower than the leaders but better than the industry average of -707 million yuan [2] - Revenue for the first three quarters of 2025 grew by 7.8% year-on-year, while net profit dropped by 93.9% due to declining gross margins [6] Group 2: Financial Ratios - As of Q3 2025, the asset-liability ratio was 76.50%, down from 78.35% year-on-year but still above the industry average of 60.51% [3] - The gross margin for Q3 2025 was 10.68%, a significant decrease from 16.23% in the previous year and below the industry average of 19.19% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 0.98% to 41,400, while the average number of shares held per shareholder increased by 0.99% to 45,100 [5] - Major shareholders include Hong Kong Central Clearing Limited and various ETFs, with some holdings decreasing while others increased [5] Group 4: Leadership - The chairman, Zheng Xiaosheng, born in April 1975, has been in office since December 2022, overseeing the company's strategic direction [4]