中科电气的前世今生：营收行业第18，高于行业中位数，净利润行业第10，高于行业平均数

Core Viewpoint - Zhongke Electric is a leading enterprise in the domestic electromagnetic industry, focusing on industrial magnetic application technology with a strong technical foundation and full industry chain advantages [1] Group 1: Business Performance - In Q3 2025, Zhongke Electric reported revenue of 5.904 billion yuan, ranking 18th in the industry out of 44 companies, with the industry leader, Zhongwei Co., achieving 33.297 billion yuan [2] - The net profit for the same period was 521 million yuan, ranking 10th in the industry, with the top performer, Putailai, reporting 1.872 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Zhongke Electric's debt-to-asset ratio was 60.16%, up from 54.78% year-on-year, exceeding the industry average of 51.96% [3] - The gross profit margin was 18.48%, slightly down from 19.41% year-on-year, but still above the industry average [3] Group 3: Executive Compensation - The chairman, Yu Xin, received a salary of 824,800 yuan in 2024, an increase of 214,000 yuan from 2023 [4] - The general manager, Pi Tao, earned 2.0428 million yuan in 2024, up by 988,000 yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 12.77% to 79,300, with an average holding of 7,354.46 shares, down by 11.32% [5] - The largest shareholder, Hong Kong Central Clearing Limited, increased its holdings by 14.0421 million shares [5] Group 5: Business Highlights - In the first half of 2025, the shipment of negative electrode materials reached 157,000 tons, a year-on-year increase of 70.47%, generating revenue of 3.45 billion yuan, up 65.79% [5][6] - The company is advancing the construction of an integrated project for negative electrode materials to enhance self-sufficiency in graphitization and improve automation levels [6] - Zhongke Electric plans to build the world's largest lithium-ion battery negative electrode material integrated production base in Oman [6]