NINGBO KANGQIANG(SZ:002119) Xin Lang Cai Jing·2025-10-31 09:56Core Viewpoint - Kangqiang Electronics is a significant player in the domestic semiconductor packaging materials sector, primarily engaged in the manufacturing and sales of lead frames and bonding wires, with certain technological barriers in place [1] Group 1: Business Performance - In Q3 2025, Kangqiang Electronics reported revenue of 1.564 billion yuan, ranking 8th among 24 companies in the industry, with the industry leader, Yuyuan New Materials, generating 6.77 billion yuan [2] - The net profit for the same period was 96.41 million yuan, placing the company 11th in the industry, while the top performer, Yake Technology, achieved a net profit of 864 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Kangqiang Electronics had a debt-to-asset ratio of 42.90%, which is higher than the industry average of 31.95% [3] - The gross profit margin for Q3 2025 was 14.35%, which is below the industry average of 25.67% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 15.25% to 68,100, while the average number of circulating A-shares held per shareholder increased by 18.00% to 5,510.94 [5] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fourth largest with 6.9695 million shares, marking its entry as a new shareholder [5]