JFL(SH:600901) Xin Lang Cai Jing·2025-10-31 23:27Core Viewpoint - Jiangsu Jinzu is a leading financial leasing company in China, focusing on financing leasing business with a strong risk control system and extensive customer resources [1] Group 1: Business Performance - In Q3 2025, Jiangsu Jinzu achieved operating revenue of 4.638 billion yuan, ranking first in the industry, with net profit of 2.447 billion yuan, also ranking first [2] - The company reported a year-on-year increase of 17.2% in operating revenue and 9.8% in net profit for the first three quarters of 2025 [5][6] Group 2: Financial Ratios - As of Q3 2025, Jiangsu Jinzu's asset-liability ratio was 84.28%, higher than the industry average of 80.96% [3] - The gross profit margin for Q3 2025 was 70.49%, exceeding the industry average of 46.81% despite a decrease from the previous year's 74.91% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 10.98% to 59,000, while the average number of circulating A-shares held per household decreased by 9.89% [5] Group 4: Management Compensation - The chairman, Zhou Baiqing, received a salary of 2.9987 million yuan in 2024, an increase of 442,700 yuan from 2023 [4] Group 5: Asset Quality and Profitability - The non-performing loan ratio as of Q3 2025 was 0.90%, with a provision coverage ratio of 403%, indicating strong asset quality [5][6] - The net interest margin for the leasing business was 3.75%, reflecting an increase of 8 basis points year-on-year [5]