新中港的前世今生：营收行业十四，净利润行业十二，负债率27.47%低于行业平均，毛利率33.60%高于同类11.55个百分点

Core Viewpoint - New Zhonggang is a significant player in the domestic cogeneration sector, utilizing advanced technology to achieve high energy efficiency [1] Group 1: Company Overview - New Zhonggang was established on October 17, 1997, and was listed on the Shanghai Stock Exchange on July 7, 2021, with its registered and office address in Shengzhou, Zhejiang Province [1] - The company specializes in the production and supply of thermal and electrical products through cogeneration [1] - It operates within the public utility sector, specifically in electricity and thermal services, and is involved in various concepts such as small-cap, QFII holdings, carbon neutrality, nuclear fusion, superconductivity, and nuclear power [1] Group 2: Financial Performance - For Q3 2025, New Zhonggang reported a revenue of 529 million yuan, ranking 14th out of 18 in its industry, with the industry leader, Xiexin Energy, generating 7.935 billion yuan [1] - The net profit for the same period was 91.6064 million yuan, ranking 12th out of 18, with the top performer being Xiexin Energy at 893 million yuan [1] - The industry average revenue was 1.865 billion yuan, and the median was 810 million yuan, while the average net profit was 174 million yuan, with a median of 106 million yuan [1] Group 3: Financial Ratios - As of Q3 2025, New Zhonggang's debt-to-asset ratio was 27.47%, down from 29.95% year-on-year and significantly lower than the industry average of 43.74% [2] - The gross profit margin for Q3 2025 was 33.60%, an increase from 27.81% year-on-year and above the industry average of 22.05% [2] Group 4: Management Compensation - The chairman, Xie Baijun, received a salary of 610,300 yuan in 2024, an increase of 11,300 yuan from 2023 [2] - The general manager, Xie Xun, earned 497,600 yuan in 2024, up by 9,500 yuan from the previous year [2] Group 5: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 12.16% to 22,900, while the average number of circulating A-shares held per account decreased by 10.83% to 17,500 [2]