Core Viewpoint - Aucma, a well-known refrigeration equipment supplier in China, has reported its financial performance for Q3 2025, showing a significant gap in revenue and net profit compared to industry leaders, indicating potential challenges in competitiveness and profitability [2][3]. Financial Performance - In Q3 2025, Aucma achieved a revenue of 5.671 billion yuan, ranking 5th in the industry, while the industry leader, Haier Smart Home, reported a revenue of 234.054 billion yuan [2]. - The company's net profit for the same period was -161.572 million yuan, placing it 6th in the industry, with Haier's net profit at 17.842 billion yuan [2]. Business Composition - Aucma's main business segments include refrigeration appliances, which generated 2.671 billion yuan, accounting for 65.82% of total revenue. Other segments include lifestyle appliances (0.293 billion yuan, 7.23%), air conditioning (0.237 billion yuan, 5.84%), and washing machines (0.126 billion yuan, 3.12%) [2]. Financial Ratios - As of Q3 2025, Aucma's asset-liability ratio was 65.13%, slightly lower than the previous year's 65.51%, but higher than the industry average of 65.32% [3]. - The company's gross profit margin was 13.49%, down from 13.58% year-on-year, and below the industry average of 15.61% [3]. Executive Compensation - The chairman, Zhang Bin, received a salary of 861,200 yuan in 2024, an increase of 75,200 yuan from 2023 [4]. - The general manager, Wang Yingfeng, earned 792,900 yuan in 2024, up from 695,000 yuan in 2023 [4]. Shareholder Information - As of September 30, 2025, Aucma had 47,100 A-share shareholders, a decrease of 10.48% from the previous period, while the average number of shares held per shareholder increased by 11.71% to 16,900 shares [5].

Core Viewpoint - Whirlpool, a well-known global home appliance company, has shown competitive performance in terms of revenue and net profit within the industry, ranking sixth in revenue and fourth in net profit among its peers in the third quarter of 2025 [2][3]. Group 1: Company Overview - Established on March 30, 2000, and listed on the Shanghai Stock Exchange on July 27, 2004, Whirlpool is headquartered in Hefei, Anhui Province, China [1]. - The company's core business includes the production, sales, and service of washing machines, refrigerators, microwaves, motors, and controllers, with significant technological expertise and brand influence [1]. Group 2: Financial Performance - In Q3 2025, Whirlpool's revenue was 3.297 billion yuan, ranking sixth among seven companies in the industry, with the industry leader, Haier Smart Home, generating 234.054 billion yuan [2]. - The net profit for the same period was 317 million yuan, placing Whirlpool fourth in the industry, while Haier Smart Home led with a net profit of 17.842 billion yuan [2]. Group 3: Financial Ratios - As of Q3 2025, Whirlpool's debt-to-asset ratio was 51.26%, an increase from 48.68% year-on-year, but still below the industry average of 65.32%, indicating strong solvency [3]. - The gross profit margin for Q3 2025 was 17.24%, up from 14.13% year-on-year, surpassing the industry average of 15.61%, reflecting improved profitability [3]. Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 12.08% to 16,700, while the average number of circulating A-shares held per shareholder decreased by 10.78% to 45,900 [5]. - Hong Kong Central Clearing Limited emerged as the eighth largest circulating shareholder with 2.7807 million shares, while a previous major shareholder,招商量化精选股票发起式A, exited the top ten list [5].