Baolong Automotive(SH:603197) Xin Lang Zheng Quan·2025-10-31 15:55Core Viewpoint - Baolong Technology is a leading global automotive parts supplier, focusing on automotive intelligence and lightweight products, with a comprehensive industry chain advantage [1] Group 1: Business Performance - In Q3 2025, Baolong Technology achieved a revenue of 6.048 billion yuan, ranking 4th in the industry out of 55 companies, significantly above the industry average of 2.15 billion yuan and median of 1.283 billion yuan [2] - The net profit for the same period was 231 million yuan, ranking 7th in the industry, exceeding the average of 129 million yuan and median of 78.31 million yuan, but still below the top competitors [2] - Revenue growth year-on-year was 20.32%, while net profit saw a decline of 20.35% [6][7] Group 2: Financial Ratios - As of Q3 2025, the asset-liability ratio was 69.90%, an increase from 64.44% year-on-year, and significantly higher than the industry average of 40.56% [3] - The gross profit margin was 21.65%, slightly above the industry average of 21.56%, despite a decrease from 26.20% in the previous year [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 1.91% to 22,300, while the average number of circulating A-shares held per shareholder increased by 1.96% to 9,579.24 [5] Group 4: Business Highlights - The sensor business generated 557 million yuan in revenue in the first three quarters of 2025, marking an 18.23% increase year-on-year, with total orders for ADAS exceeding 6.870 billion yuan [6] - The intelligent suspension business saw a revenue of 953 million yuan, a significant increase of 51.73% year-on-year, with total orders exceeding 24.070 billion yuan [6] - Traditional businesses also performed well, with TPMS revenue increasing by 13.11% to 1.822 billion yuan [7]