Shandong Daye (SH:603278) Xin Lang Cai Jing·2025-10-31 16:17Core Viewpoint - Daye Co., Ltd. is a leading manufacturer of tire cord steel wire in China, with significant advantages in scale, product, technology, and operations [1] Group 1: Business Performance - In Q3 2025, Daye Co., Ltd. achieved a revenue of 3.778 billion yuan, ranking 6th among 82 companies in the industry [2] - The company's net profit for the same period was 20.87 million yuan, placing it 61st in the industry [2] Group 2: Financial Ratios - As of Q3 2025, Daye Co., Ltd. had a debt-to-asset ratio of 75.26%, which is significantly higher than the industry average of 39.81% [3] - The gross profit margin for the same period was 6.84%, lower than the industry average of 22.64% [3] Group 3: Executive Compensation - The chairman, Dou Yong, received a salary of 452,000 yuan in 2024, a decrease of 6,900 yuan from 2023 [4] - The general manager, Zheng Hongxia, earned 368,100 yuan in 2024, down 44,700 yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 23.58% to 30,800 [5] - The average number of circulating A-shares held per shareholder decreased by 19.08% to 11,100 [5] Group 5: Future Projections - East Asia Securities forecasts Daye Co., Ltd.'s revenue for 2025, 2026, and 2027 to be 5.771 billion, 6.218 billion, and 6.829 billion yuan, respectively, with year-on-year growth rates of 13.23%, 7.75%, and 9.82% [6] - The projected net profit for the same years is 74 million, 159 million, and 259 million yuan, indicating a turnaround and significant growth [6]