SHLG(SH:600848) Xin Lang Cai Jing·2025-10-31 12:15Core Insights - Shanghai Lingang is a key player in the development of the Lingang New Area, focusing on industrial park development, operation, and investment, with a unique advantage in efficient operation through industrial investment linkage [1] Financial Performance - In Q3 2025, Shanghai Lingang reported revenue of 3.802 billion, ranking third in the industry, while net profit reached 1.323 billion, ranking first [2] - The industry leader, Waigaoqiao, had a revenue of 4.327 billion, and the second, Huaxia Xingfu, reported 3.882 billion, with the industry average at 2.046 billion [2] Financial Ratios - As of Q3 2025, Shanghai Lingang's debt-to-asset ratio was 60.36%, down from 62.92% year-on-year, which is below the industry average of 62.76% [3] - The gross profit margin for Q3 2025 was 56.03%, down from 63.83% year-on-year, but still above the industry average of 30.80% [3] Management and Compensation - The new chairman, Weng Kaining, took office in 2024, with a background in economics and experience in various roles within the Lingang Group [4] - The president, Liu Dehong, received a salary of 1.4745 million in 2024, an increase of 19,400 from 2023 [4] Shareholder Information - As of December 31, 2021, the number of A-share shareholders increased by 13.20% to 55,900, while the average number of shares held per shareholder decreased by 11.66% to 26,100 [5] - The company’s mid-year report for 2025 indicated a slight decline in revenue due to reduced transfer scale, but net profit continued to grow, reflecting stable performance [5]