Zhejiang Provincial New Energy(SH:600032) Xin Lang Zheng Quan·2025-10-31 10:52Core Viewpoint - Zhejiang Xinneng is a significant player in the renewable energy sector in China, focusing on hydropower, photovoltaic, and wind power projects, with a comprehensive industry chain advantage [1] Group 1: Business Performance - In Q3 2025, Zhejiang Xinneng achieved a revenue of 3.855 billion yuan, ranking 2nd in the industry, with the top competitor at 4.101 billion yuan and the industry average at 2.008 billion yuan [2] - The net profit for Q3 2025 was 860 million yuan, also ranking 2nd in the industry, with the leading company at 1.129 billion yuan and the industry average at 245 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Zhejiang Xinneng's debt-to-asset ratio was 67.10%, higher than the previous year's 65.74% and above the industry average of 62.14% [3] - The gross profit margin for Q3 2025 was 44.74%, lower than the previous year's 50.51% but still above the industry average of 32.38% [3] Group 3: Executive Compensation - The chairman, Zhang Jianqun, received a salary of 1.093 million yuan in 2024, an increase of 260,300 yuan from 2023 [4] - The general manager, Lu Linhai, earned a salary of 781,900 yuan in 2024 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 8.60% to 47,100 [5] - The average number of circulating A-shares held per shareholder increased by 9.40% to 51,100 [5] - Among the top ten circulating shareholders, the Southern CSI 500 ETF held 10.5145 million shares, a decrease of 213,600 shares from the previous period [5]