New Hongtai(SH:603016) Xin Lang Zheng Quan·2025-10-31 10:52Core Viewpoint - The company XinHongTai, established in 2008 and listed in 2016, is a significant supplier of key components for circuit breakers in China, showcasing technological and product quality advantages in the low-voltage electrical sector, indicating potential investment value [1] Group 1: Business Performance - In Q3 2025, XinHongTai achieved a revenue of 465 million yuan, ranking 20th among 26 companies in the industry, while the industry leader, Chint Electric, reported revenue of 46.396 billion yuan [2] - The company's net profit for the same period was 50.126 million yuan, placing it 18th in the industry, with Chint Electric's net profit at 5.656 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, XinHongTai's debt-to-asset ratio was 18.72%, an increase from 18.11% year-on-year, significantly lower than the industry average of 40.49% [3] - The company's gross profit margin in Q3 2025 was 28.15%, down from 30.33% year-on-year, but still above the industry average of 23.98% [3] Group 3: Management and Shareholder Information - The total compensation for General Manager Zhao Minhui was 1.1852 million yuan in 2024, reflecting an increase of 201,000 yuan from 2023 [4] - As of September 30, 2025, the number of A-share shareholders increased by 17.39% to 13,200, while the average number of circulating A-shares held per account decreased by 14.82% [5]