RTGF(SH:605133) Xin Lang Cai Jing·2025-10-31 15:33Core Viewpoint - Rongtai Co., Ltd. is a leading enterprise in the automotive aluminum alloy die-casting industry, with a strong market share in steering gear housings and partnerships with major automotive parts suppliers [1] Group 1: Company Overview - Rongtai Co., Ltd. was established on June 15, 2000, and was listed on the Shanghai Stock Exchange on February 24, 2021, with its registered and office address in Yangzhou, Jiangsu Province [1] - The company specializes in the research, production, and sales of aluminum alloy precision die-casting parts, focusing on automotive lightweighting and integrated die-casting [1] Group 2: Financial Performance - For Q3 2025, Rongtai's revenue was 2.094 billion yuan, ranking 29th among 103 companies in the industry, while the industry leader, Weichai Power, reported revenue of 170.571 billion yuan [2] - The net profit for the same period was 167 million yuan, placing the company 30th in the industry, with the top performer, Weichai Power, achieving a net profit of 10.852 billion yuan [2] Group 3: Financial Ratios - As of Q3 2025, Rongtai's debt-to-asset ratio was 41.02%, higher than the previous year's 40.04% and above the industry average of 39.06% [3] - The gross profit margin for Q3 2025 was 22.28%, down from 23.53% year-on-year but still above the industry average of 21.53% [3] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 113.65% to 24,400, while the average number of circulating A-shares held per shareholder decreased by 39.15% to 9,848.18 [5] - Notable changes in the top ten circulating shareholders included a decrease in holdings by Guotai Intelligent Automotive Stock A and the entry of several new shareholders [5] Group 5: Future Outlook - According to Zheshang Securities, Rongtai is expected to achieve a compound annual growth rate (CAGR) of 23% from 2022 to 2024, with steady revenue growth and profit recovery [6] - Revenue projections for 2025 to 2027 are estimated at 28.025 billion yuan, 34.123 billion yuan, and 41.950 billion yuan, respectively, with net profits expected to reach 230 million yuan, 340 million yuan, and 430 million yuan [6]