BOAMAX(SZ:002514) Xin Lang Cai Jing·2025-10-31 10:45Company Overview - Baoxin Technology was established on October 8, 2001, and listed on the Shenzhen Stock Exchange on December 3, 2010. The company is located in Taizhou, Jiangsu Province, with its office in Nanjing, Jiangsu Province. It specializes in industrial-grade CNC sheet metal structure products and possesses certain technical advantages in CNC sheet metal technology [1] Financial Performance - For the third quarter of 2025, Baoxin Technology reported a revenue of 150 million yuan, ranking 79th out of 82 companies in the industry. The industry leader, CIMC, achieved a revenue of 117.061 billion yuan, while the industry average was 2.749 billion yuan [2] - The company's net profit for the same period was -54.4558 million yuan, also ranking 79th in the industry. The top performer, CIMC, had a net profit of 2.395 billion yuan, with the industry average at 124 million yuan [2] Financial Ratios - As of the third quarter of 2025, Baoxin Technology's debt-to-asset ratio was 92.76%, significantly higher than the industry average of 39.81%, indicating substantial debt pressure. The gross profit margin was 19.77%, an increase from 5.03% year-on-year, but still below the industry average of 22.64% [3] Management and Shareholder Information - The chairman and president, Ma Lin, has a salary of 170,000 yuan for 2024. The controlling shareholder is Jiangsu Liqing Integrated Circuit Technology Co., Ltd., with Ma Wei as the actual controller. Ma Lin has extensive experience across various industries, including paper, coal, manufacturing, and e-commerce [4] - As of September 30, 2025, the number of A-share shareholders increased by 5.35% to 83,400, while the average number of circulating A-shares held per shareholder decreased by 5.08% to 6,642.54 shares. Hong Kong Central Clearing Limited is the third-largest circulating shareholder, holding 5.3239 million shares, an increase of 3.3478 million shares from the previous period [5]