IKD(SH:600933) Xin Lang Zheng Quan·2025-10-31 14:47Core Viewpoint - Aikodi is a significant player in the global automotive aluminum alloy precision die-casting industry, focusing on R&D, production, and sales, with a comprehensive industry chain advantage [1] Group 1: Business Performance - In Q3 2025, Aikodi's revenue reached 5.31 billion yuan, ranking 10th among 103 companies in the industry, while the industry leader, Weichai Power, reported revenue of 170.57 billion yuan [2] - The net profit for the same period was 0.927 billion yuan, placing Aikodi 5th in the industry, with Weichai Power's net profit at 10.85 billion yuan [2] Group 2: Financial Ratios - Aikodi's debt-to-asset ratio in Q3 2025 was 42.26%, up from 41.49% year-on-year, exceeding the industry average of 39.06% [3] - The gross profit margin for Q3 2025 was 30.42%, an increase from 29.05% year-on-year, also higher than the industry average of 21.53% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 11.36% to 29,800, while the average number of circulating A-shares held per shareholder increased by 12.82% to 32,800 [5] - New significant shareholders include Hong Kong Central Clearing Limited and Yongying Advanced Manufacturing Mixed Fund, holding 14.66 million and 11.59 million shares, respectively [5] Group 4: Management Compensation - Chairman Zhang Jiancheng's salary increased to 1.9138 million yuan in 2024, up by 121,300 yuan from 2023 [4] Group 5: Future Outlook - Analysts expect Aikodi's revenue to reach 7.912 billion yuan, 10.826 billion yuan, and 12.989 billion yuan from 2025 to 2027, with net profits projected at 1.199 billion yuan, 1.497 billion yuan, and 1.800 billion yuan respectively [5] - The company is expanding into the robotics sector and has completed the acquisition of 71% of Zhuoerbo, which is expected to enhance profits and facilitate business synergy [6]