Core Viewpoint - *ST Xin Yan is a leading manufacturer in the agricultural machinery and aerospace components sector, with a full industry chain advantage, but faces challenges in profitability and high debt levels [1][2][3]. Group 1: Business Performance - In Q3 2025, *ST Xin Yan reported revenue of 410 million yuan, ranking 6th among 10 companies in the industry, while the industry leader, Yituo Co., achieved revenue of 9.703 billion yuan [2]. - The company's net profit for the same period was -256 million yuan, placing it 10th in the industry, with the top performer, Daye Co., reporting a net profit of 124 million yuan [2]. Group 2: Financial Ratios - As of Q3 2025, *ST Xin Yan's debt-to-asset ratio was 119.64%, significantly higher than the industry average of 50.10% and up from 105.90% in the previous year [3]. - The gross profit margin for the company was 22.44%, which is an improvement from 16.09% year-on-year but slightly below the industry average of 22.92% [3]. Group 3: Management and Shareholder Information - The chairman and general manager, Fang Desong, received a salary of 902,400 yuan in 2024, a slight increase from 902,000 yuan in 2023 [4]. - As of September 30, 2025, the number of A-share shareholders increased by 0.79% to 56,400, while the average number of circulating A-shares held per shareholder decreased by 0.78% to 26,100 [5].
*ST新研的前世今生：2025年Q3营收4.1亿排行业第六，净利润亏损2.56亿垫底
Xin Lang Zheng Quan·2025-10-31 12:02