ZHENGBANG TECHNOLOGY(SZ:002157) Xin Lang Zheng Quan·2025-10-31 12:13Core Insights - Zhengbang Technology is a leading enterprise in pig farming and feed production in China, established in 1996 and listed in 2007, with a strong competitive edge in the industry [1] Group 1: Business Performance - In Q3 2025, Zhengbang Technology reported revenue of 10.658 billion yuan, ranking 4th among 12 companies in the industry, while the industry leader, Muyuan Foods, achieved revenue of 111.79 billion yuan [2] - The net profit for the same period was -121 million yuan, placing the company 12th in the industry, with Muyuan Foods leading at 15.112 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Zhengbang Technology's debt-to-asset ratio was 47.50%, slightly up from 47.05% year-on-year, and below the industry average of 57.82% [3] - The gross profit margin for Q3 2025 was 12.37%, down from 12.55% year-on-year, and also below the industry average of 14.00% [3] Group 3: Leadership - The chairman, Bao Hongxing, has a rich background and is recognized for his contributions to the feed industry, holding multiple leadership roles within the company and its parent group [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 4.89% to 166,100, while the average number of shares held per shareholder decreased by 4.66% to 43,100 [5] - In the first half of 2025, the company achieved revenue of 6.838 billion yuan, a year-on-year increase of 112.17%, with net profit reaching 202 million yuan, up 258.18% [5]