MEILUN(SH:603321) Xin Lang Cai Jing·2025-10-31 11:12Company Overview - Meilun Elevator was established on May 23, 2000, and listed on the Shanghai Stock Exchange on September 15, 2017. The company is based in Shaoxing, Zhejiang Province, and is a well-known domestic elevator manufacturer focusing on R&D and manufacturing of elevator products, possessing a full industry chain advantage [1] Business Performance - As of Q3 2025, Meilun Elevator reported revenue of 497 million yuan, ranking 10th among 15 companies in the industry, significantly lower than the industry leader Shanghai Mechanical's 14.709 billion yuan and second-ranked Guangri's 4.817 billion yuan. The industry average revenue was 2.323 billion yuan, with a median of 848 million yuan [2] - The net profit for the same period was 27.6163 million yuan, also ranking 10th in the industry, with a notable gap compared to Shanghai Mechanical's 1.016 billion yuan and Guangri's 416 million yuan. The industry average net profit was 161 million yuan, with a median of 41.8204 million yuan [2] Financial Ratios - As of Q3 2025, Meilun Elevator's debt-to-asset ratio was 29.31%, down from 38.18% in the previous year and below the industry average of 39.63%, indicating good debt repayment capability [3] - The gross profit margin for Q3 2025 was 22.76%, lower than the previous year's 29.21% and below the industry average of 24.29% [3] Executive Compensation - The chairman, Qian Xuelin, received a salary of 1.002 million yuan in 2024, an increase of 128,800 yuan from 2023. The general manager, Tian Jianhua, also saw an increase in salary from 901,800 yuan in 2023 to 1.002 million yuan in 2024, an increase of 100,200 yuan [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 9.62% to 14,200, while the average number of circulating A-shares held per shareholder increased by 10.64% to 21,300. Among the top ten circulating shareholders, Nuoan Multi-Strategy Mixed A (320016) ranked as the fifth largest, holding 1.9365 million shares, an increase of 881,700 shares from the previous period [5]