Zhejiang Wansheng (SH:603010) Xin Lang Cai Jing·2025-10-31 15:52Core Viewpoint - Wansheng Co., Ltd. is a leading global producer of organophosphorus flame retardants, with a strong focus on R&D, production, and sales, benefiting from both technological and cost advantages [1] Group 1: Business Performance - For Q3 2025, the company's revenue reached 2.484 billion yuan, ranking 16th out of 79 in the industry, with the top competitor, Sinochem International, generating 35.716 billion yuan [2] - The net profit for the same period was 67.6498 million yuan, placing the company 36th in the industry, while the leading competitor, Hangzhou Oxygen Plant, reported a net profit of 850 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 46.45%, an increase from 40.59% year-on-year, and above the industry average of 34.74%, indicating increased debt pressure [3] - The gross profit margin for Q3 2025 was 18.96%, up from 17.99% year-on-year, but still below the industry average of 19.93% [3] Group 3: Executive Compensation - The chairman, Gao Xianguo, received a salary of 2.0124 million yuan in 2024, a decrease of 65,200 yuan from 2023 [4] - The president, Zhou Sanchang, earned 1.8115 million yuan in 2024, down by 79,800 yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 1.74% to 21,700, while the average number of circulating A-shares held per shareholder decreased by 1.71% to 27,200 [5] - Hong Kong Central Clearing Limited emerged as the seventh largest circulating shareholder, holding 5.8608 million shares as a new shareholder [5]