CSB(SZ:300718) Xin Lang Zheng Quan·2025-10-31 10:01Core Viewpoint - Changsheng Bearing is a leading enterprise in the domestic self-lubricating bearing industry, with strong R&D capabilities and technical advantages, and its products have wide applications across multiple fields [1] Group 1: Business Performance - In Q3 2025, Changsheng Bearing reported revenue of 935 million yuan, ranking 40th among 82 companies in the industry, while the industry leader, China International Marine Containers, achieved revenue of 117.06 billion yuan [2] - The net profit for the same period was 196 million yuan, placing the company 12th in the industry, with the top performer, China International Marine Containers, reporting a net profit of 2.395 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 15.26%, lower than the industry average of 39.81%, indicating good solvency [3] - The gross profit margin was 34.86%, slightly up from 34.82% year-on-year, and significantly higher than the industry average of 22.64%, showcasing strong profitability [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 6.50% to 73,000, while the average number of circulating A-shares held per shareholder decreased by 6.11% to 2,655.81 shares [5] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited ranked fifth with 2.5488 million shares, an increase of 1.425 million shares from the previous period [5] Group 4: Future Outlook - The company is expected to achieve revenues of 1.293 billion yuan, 1.487 billion yuan, and 1.733 billion yuan for the years 2025 to 2027, with net profits projected at 265 million yuan, 309 million yuan, and 366 million yuan respectively [5] - The automotive sector is anticipated to drive growth, with self-lubricating bearing products being applied in various automotive components, potentially increasing market share [6]