longda(SH:688231) Xin Lang Cai Jing·2025-10-31 13:24Core Viewpoint - Longda Co., Ltd. is a significant player in the high-temperature alloy sector in China, with strong product advantages and technical barriers, highlighting its investment value [1] Group 1: Business Performance - In Q3 2025, Longda achieved revenue of 1.31 billion, ranking 11th among 18 companies in the industry, with the industry leader, Bowei Alloy, generating 15.474 billion [2] - The net profit for the same period was 70.946 million, placing Longda 8th in the industry, while Bowei Alloy's net profit was 880 million [2] - Revenue for the first three quarters of 2025 increased by 25.14% year-on-year, reaching 1.31 billion, with net profit up by 18.66% to 70.946 million [5][6] Group 2: Financial Ratios - Longda's debt-to-asset ratio was 31.92% in Q3 2025, lower than the industry average of 43.99%, indicating strong solvency [3] - The gross profit margin for Longda was 14.70%, slightly below the industry average of 15.62%, suggesting room for improvement in profitability [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 6.56% to 10,300, while the average number of shares held per shareholder increased by 7.02% to 12,300 [5] - Longda's major shareholder, Changxin National Defense Military Quantitative Mixed A, entered as the fifth-largest shareholder with 4.1586 million shares [5] Group 4: Future Outlook - Longda is constructing a 50,000-ton production base in Malaysia, which is expected to enhance its production capacity [5] - Revenue projections for 2025, 2026, and 2027 are 1.857 billion, 2.413 billion, and 3.052 billion respectively, with net profits expected to be 106 million, 165 million, and 252 million [5]