莱尔科技的前世今生：营收低于行业平均，净利润排名靠后，负债率高于同行

Core Viewpoint - 莱尔科技 is a leading company in the functional coating adhesive film materials sector in China, focusing on R&D, production, and sales of its products, which have technological advantages [1] Group 1: Business Performance - In Q3 2025, 莱尔科技 reported revenue of 651 million yuan, ranking 28th out of 35 in the industry, significantly lower than the top competitor 西陇科学 at 5.324 billion yuan and second-place 国瓷材料 at 3.284 billion yuan [2] - The net profit for the same period was 33.64 million yuan, placing it 27th in the industry, far behind the leading 安集科技 with 608 million yuan and 鼎龙股份 with 585 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, 莱尔科技's debt-to-asset ratio was 36.41%, an increase from 20.24% in the previous year and above the industry average of 28.64% [3] - The gross profit margin for Q3 2025 was 18.62%, down from 23.75% year-on-year and below the industry average of 31.60% [3] Group 3: Executive Compensation - The chairman, 范小平, received a salary of 885,000 yuan in 2024, an increase of 174,900 yuan from 2023 [4] - The general manager, 龚伟全, had a salary of 587,300 yuan in 2024, which is a significant increase of 439,500 yuan compared to 2023 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 6.60% to 3,745, while the average number of circulating A-shares held per account decreased by 6.19% to 41,400 shares [5]