Core Viewpoint - Huaru Technology, a leading company in the domestic military simulation field, has shown significant challenges in revenue and profit performance compared to industry peers, indicating potential areas for improvement in operational efficiency and market competitiveness [1][2]. Group 1: Company Overview - Huaru Technology was established on November 23, 2011, and was listed on the Shenzhen Stock Exchange on June 23, 2022. The company is based in Beijing and specializes in military simulation software sales and simulation technology development and services [1]. - The company operates within the defense and military industry, specifically in military electronics, and is associated with several concept sectors including small-cap stocks, domestic software, and nuclear fusion [1]. Group 2: Financial Performance - For Q3 2025, Huaru Technology reported revenue of 157 million, ranking 54th among 64 companies in the industry, significantly lower than the top competitors AVIC Chengfei's 48.286 billion and AVIC Optoelectronics' 15.838 billion. The industry average revenue was 189.8 million, with a median of 57.5 million [2]. - The net profit for the same period was -139 million, placing the company 58th in the industry. In contrast, the leading companies reported net profits of 2.175 billion and 1.884 billion, with the industry average at 94.5076 million and the median at 3.7432 million [2]. Group 3: Financial Ratios - As of Q3 2025, Huaru Technology's debt-to-asset ratio was 16.10%, an increase from 13.08% year-on-year, but still significantly lower than the industry average of 32.84%, indicating a relatively low debt pressure [3]. - The company's gross profit margin for Q3 2025 was 9.23%, a substantial improvement from -55.20% in the previous year, yet it remains below the industry average of 34.84%, suggesting that profitability needs enhancement [3]. Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 8.99% to 17,800, while the average number of circulating A-shares held per shareholder increased by 9.88% to 7,817.65 shares [5]. - Among the top ten circulating shareholders, Changxin National Defense Military Quantitative Mixed A (002983) emerged as the fifth largest shareholder, acquiring 4.0446 million shares [5]. Group 5: Executive Compensation - The chairman and general manager, Han Chao, received a salary of 605,600, which is a decrease of 116,800 from the previous year [4].
华如科技的前世今生：2025年Q3营收1.57亿排名行业54，净利润-1.39亿排名58