Core Viewpoint - Zhaomin Technology, established in 2011 and listed in 2021, is a leading company in the specialty engineering plastics sector, focusing on precision injection molding and related technologies [1] Business Performance - In Q3 2025, Zhaomin Technology reported revenue of 600 million yuan, ranking 40th among 55 companies in the industry, with the top company, Zhongding Co., achieving 14.555 billion yuan [2] - The company's net profit for the same period was 109 million yuan, placing it 23rd in the industry, while Zhongding Co. led with a net profit of 1.305 billion yuan [2] Financial Ratios - As of Q3 2025, Zhaomin Technology's debt-to-asset ratio was 14.65%, lower than the industry average of 40.56% [3] - The company's gross profit margin stood at 33.06%, above the industry average of 21.56% [3] Executive Compensation - The chairman, Shao Xionghui, received a salary of 1.432 million yuan in 2024, an increase of 111,200 yuan from 2023 [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 1.56% to 25,900, with an average holding of 8,858.6 shares, a decrease of 1.54% [5] Growth Prospects - According to Zhongtai Securities, Zhaomin Technology's revenue for the first half of 2025 grew by 11.5% year-on-year, driven by high-precision components for new energy vehicles [6] - Revenue projections for 2025 to 2027 are 960 million, 1.24 billion, and 1.62 billion yuan, with expected growth rates of 27%, 29%, and 31% respectively [6] - Net profit forecasts for the same period are 190 million, 240 million, and 320 million yuan, with growth rates of 31%, 31%, and 33% respectively [6] Competitive Position - Zhaomin Technology is recognized as a leading player in the precision injection molding sector, benefiting from a favorable competitive landscape and high barriers to entry [7] - The company's growth is attributed to project releases, particularly in the new energy vehicle sector, and successful collaborations in developing precision components for humanoid robots [7]
肇民科技的前世今生：营收行业40，净利润行业23，毛利率33.06%高于行业平均11.5个百分点