MZT(SH:688355) Xin Lang Cai Jing·2025-10-31 16:12Core Viewpoint - Mingzhi Technology, established in 2003 and listed in 2021, is a leader in the domestic sand casting industry, focusing on high-end core equipment and high-quality aluminum alloy castings, with a strong technical and industrial chain advantage [1] Group 1: Business Performance - In Q3 2025, Mingzhi Technology achieved revenue of 370 million yuan, ranking 69th among 82 companies in the industry, while the industry leader, CIMC, reported revenue of 117.061 billion yuan [2] - The net profit for the same period was 44.131 million yuan, placing the company 48th in the industry, with the top performer, CIMC, reporting a net profit of 2.395 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Mingzhi Technology's debt-to-asset ratio was 23.09%, significantly lower than the industry average of 39.81%, indicating strong solvency [3] - The gross profit margin for Q3 2025 was 31.24%, higher than the industry average of 22.64%, reflecting robust profitability [3] Group 3: Executive Compensation - The chairman, Wu Qinfang, received a salary of 611,000 yuan in 2024, a decrease of 402,400 yuan from 2023 [4] - The general manager, Qiu He, also received a salary of 611,000 yuan in 2024, down by 195,500 yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 5.29% to 5,353, while the average number of circulating A-shares held per household decreased by 5.03% to 23,200 shares [5] - New major shareholders include CITIC Prudential Multi-Strategy Mixed Fund A, among others, while Huashang Shanghai Stock Exchange Science and Technology Innovation Board Comprehensive Index Enhanced A exited the top ten list [5]