xinsteel(SH:600782) Xin Lang Cai Jing·2025-10-31 16:40Core Viewpoint - New Steel Co., Ltd. is a leading regional player in the steel industry, focusing on high-end steel products and has a strong R&D capability in the electrical steel sector [1] Group 1: Business Performance - In Q3 2025, New Steel's revenue was 27.225 billion, ranking 13th among 17 companies in the industry, with Baosteel leading at 232.436 billion [2] - The net profit for the same period was 373 million, placing the company 8th in the industry, with Baosteel at 8.908 billion [2] Group 2: Financial Ratios - As of Q3 2025, New Steel's debt-to-asset ratio was 44.41%, lower than the industry average of 63.37% and down from 49.09% the previous year [3] - The gross profit margin was 3.96%, an improvement from -0.50% year-on-year but still below the industry average of 5.68% [3] Group 3: Management and Shareholder Information - The chairman, Liu Jianrong, has extensive experience in steel production and management, while the general manager, Liao Peng, saw an increase in salary to 1.0961 million, up 83,800 from the previous year [4] - As of September 30, 2025, the number of A-share shareholders decreased by 11.78% to 38,200, while the average number of shares held per shareholder increased by 13.35% to 82,400 [5] Group 4: Market Outlook and Predictions - The company is expected to see significant improvements in profitability, with projected net profits of 680 million, 950 million, and 1.17 billion for 2025, 2026, and 2027 respectively [5] - High-end product sales have increased significantly, with hot-rolled high-end products up 97.6%, and other premium products also showing strong growth [6]