Jiangnan Water(SH:601199) Xin Lang Zheng Quan·2025-10-31 12:16Core Viewpoint - Jiangnan Water is a leading company in the domestic water supply industry, focusing on water production and treatment, with significant operational capacity and market presence [1] Company Overview - Jiangnan Water was established on July 15, 2003, and listed on the Shanghai Stock Exchange on March 17, 2011, with its headquarters in Jiangyin, Jiangsu Province [1] - The company specializes in the production and sale of tap water and related water treatment services, with a daily water supply capacity of 930,000 cubic meters and a supply network exceeding 600 kilometers [1] Financial Performance - For Q3 2025, Jiangnan Water reported revenue of 1.039 billion yuan, ranking 23rd out of 51 in the industry, significantly lower than the top competitor, Beijing Capital Eco-Environment Protection Group, which had revenue of 13.453 billion yuan [2] - The net profit for the same period was 275 million yuan, ranking 12th in the industry, again lower than the leading competitors [2] Financial Ratios - As of Q3 2025, Jiangnan Water's debt-to-asset ratio was 35.38%, down from 38.25% year-on-year and below the industry average of 49.82%, indicating strong solvency [3] - The gross profit margin for Q3 2025 was 39.39%, an increase from 37.55% year-on-year and above the industry average of 32.13%, reflecting robust profitability [3] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 9.94% to 22,300, while the average number of circulating A-shares held per shareholder increased by 11.03% to 42,000 [5]