华宇软件的前世今生：营收低于行业均值，净利润亏损排名靠后

Core Viewpoint - Huayu Software, established in 2001 and listed in 2011, is a leading company in the electronic government and education information sectors in China, with strong technical capabilities and extensive project experience [1] Business Performance - In Q3 2025, Huayu Software reported revenue of 909 million yuan, ranking 51st out of 131 in the industry, significantly lower than the top competitors, Digital China (102.365 billion yuan) and Unisplendour (77.322 billion yuan), and below the industry average of 283.3 million yuan, but above the median of 47.3 million yuan [2] - The company recorded a net profit of -154 million yuan, ranking 120th in the industry, with a substantial gap compared to the top performers, Unisplendour (1.723 billion yuan) and Baoxin Software (1.133 billion yuan), and below the industry average of 25.96 million yuan and median of 5.831 million yuan [2] Financial Ratios - As of Q3 2025, Huayu Software's debt-to-asset ratio was 18.89%, an increase from 17.45% year-on-year, but still significantly lower than the industry average of 38.93%, indicating manageable debt pressure [3] - The gross profit margin for Q3 2025 was 31.90%, down from 33.26% year-on-year, yet higher than the industry average of 29.96%, suggesting a competitive edge in profitability [3] Executive Compensation - The chairman, Guo Ying, received a salary of 668,200 yuan in 2024, unchanged from 2023 [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 3.71% to 50,200, with an average holding of 15,800 circulating A-shares, a decrease of 3.92% [5] - Hong Kong Central Clearing Limited is the sixth-largest circulating shareholder, having newly acquired 7.0781 million shares [5]