LZCIC(SH:600423) Xin Lang Zheng Quan·2025-10-31 11:15Core Viewpoint - Liu Chemical Co., Ltd. is a significant player in the domestic hydrogen peroxide market, focusing on production and sales, with certain technical and market advantages [1] Group 1: Business Performance - For Q3 2025, Liu Chemical reported revenue of 107 million, ranking 16th among 16 companies in the industry, significantly lower than the industry leader, Satellite Chemical, which had 34.77 billion [2] - The net profit for the same period was 7.01 million, placing the company 10th in the industry, again far behind the top performer, Satellite Chemical, which reported 3.76 billion [2] Group 2: Financial Ratios - As of Q3 2025, Liu Chemical's debt-to-asset ratio was 9.56%, an increase from 5.19% year-on-year, but still well below the industry average of 46.56%, indicating strong solvency [3] - The gross profit margin for Q3 2025 was 8.60%, a significant drop from 25.09% year-on-year, and below the industry average of 11.02%, suggesting a need for improvement in profitability [3] Group 3: Management and Shareholder Information - The chairman, Lu Shengyun, received a salary of 450,500, a decrease of 17,800 from the previous year [4] - As of September 30, 2025, the number of A-share shareholders decreased by 1.37% to 27,600, while the average number of circulating A-shares held per account increased by 1.39% to 29,000 [5]