Longhua Technology(SZ:300263) Xin Lang Zheng Quan·2025-10-31 13:47Core Viewpoint - Longhua Technology is a leading enterprise in the new materials and energy-saving environmental protection sector in China, with a focus on electronic new materials, polymer composite materials, and energy-saving environmental protection business [1] Group 1: Business Performance - In Q3 2025, Longhua Technology achieved a revenue of 2.326 billion yuan, ranking 6th among 51 companies in the industry, with the industry leader, Juxing Technology, generating 11.156 billion yuan [2] - The net profit for the same period was 189 million yuan, placing the company 10th in the industry, while the top performer had a net profit of 2.211 billion yuan [2] - The company reported a year-on-year revenue growth of 20.49% and a net profit increase of 16.64% for Q1-Q3 2025 [5] Group 2: Financial Ratios - As of Q3 2025, Longhua Technology's asset-liability ratio was 40.75%, down from 48.14% year-on-year, but still above the industry average of 38.24% [3] - The gross profit margin for Q3 2025 was 23.20%, slightly down from 23.92% year-on-year and below the industry average of 26.36% [3] Group 3: Management Compensation - The chairman, Li Zhanqiang, received a salary of 1.45 million yuan in 2024, an increase of 150,000 yuan from 2023 [4] - The general manager, Liu Yufeng, saw his salary rise to 1.35 million yuan in 2024 from 1.1 million yuan in 2023 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 11.74% to 47,000, with an average holding of 20,800 circulating A-shares [5] - Hong Kong Central Clearing Limited became the fifth-largest circulating shareholder, increasing its holdings by 11.09 million shares [5] Group 5: Future Outlook - Zhongyuan Securities raised its earnings forecast for Longhua Technology, projecting revenues of 3.087 billion yuan, 3.411 billion yuan, and 3.786 billion yuan for 2025 to 2027, respectively [6] - The company is actively developing new products and expanding its business in the photovoltaic sector, with significant growth expected from its new materials and water treatment businesses [6]