Greencity Water(SH:601368) Xin Lang Zheng Quan·2025-10-31 12:36Core Viewpoint - Greentown Water is a leading urban water supply and sewage treatment company in Guangxi, with a regional monopoly advantage, and has shown strong financial performance in the industry [1][2]. Financial Performance - For Q3 2025, Greentown Water reported revenue of 1.882 billion yuan, ranking 13th out of 51 in the industry, with the top competitor, Chuangxin Environmental, at 13.453 billion yuan [2]. - The net profit for the same period was 135 million yuan, ranking 17th in the industry, with the leading company, Chuangxin Environmental, at 1.908 billion yuan [2]. Profitability and Debt - As of Q3 2025, Greentown Water's debt-to-asset ratio was 80.29%, an increase from 78.35% year-on-year, significantly higher than the industry average of 49.82% [3]. - The gross profit margin for Q3 2025 was 40.06%, up from 36.53% year-on-year, and above the industry average of 32.13% [3]. Management Compensation - The total compensation for General Manager Jiang Junhai increased by 32,900 yuan in 2024, reaching 492,100 yuan compared to 459,200 yuan in 2023 [4]. Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 2.08% to 26,500, while the average number of circulating A-shares held per account decreased by 2.04% to 33,300 [5].