XGD(SZ:300130) Xin Lang Cai Jing·2025-10-31 10:04Core Viewpoint - New Guodu is a leading enterprise in the electronic payment industry, providing payment acquisition and terminal equipment sales and leasing services, while actively exploring new opportunities in the industry [1] Group 1: Business Performance - In Q3 2025, New Guodu's revenue reached 2.343 billion yuan, ranking 11th among 63 companies in the industry, with the industry leader, Inspur Information, achieving 120.669 billion yuan [2] - The company's net profit for the same period was 405 million yuan, ranking 8th in the industry, with the top performer, Inspur Information, reporting a net profit of 1.489 billion yuan [2] - Revenue decreased by 4.15% year-on-year, while net profit increased by 37.10% year-on-year [5] Group 2: Financial Ratios - As of Q3 2025, New Guodu's debt-to-asset ratio was 29.15%, lower than the industry average of 34.38% [3] - The company's gross profit margin was 35.27%, which, despite being lower than the previous year's 41.99%, was above the industry average of 34.46% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 37.23% to 52,300, while the average number of circulating A-shares held per shareholder increased by 59.32% to 8,296.59 [5] - Notable changes among the top ten circulating shareholders included the entry of Huabao Zhongzheng Financial Technology Theme ETF, holding 6.5528 million shares [5] Group 4: Management Compensation - Chairman Liu Xiang's salary increased from 323,800 yuan in 2023 to 354,900 yuan in 2024, an increase of 31,100 yuan [4] Group 5: Future Outlook - The company plans to list on the Hong Kong Stock Exchange to accelerate its global business expansion [5] - The cross-border payment business is experiencing rapid growth, with the self-branded PayKKa's transaction volume increasing significantly [5] - Revenue projections for 2025 to 2027 are 3.392 billion, 3.589 billion, and 3.821 billion yuan, with net profits expected to be 738 million, 874 million, and 922 million yuan respectively [6]