Core Viewpoint - The stock price of New Dazheng has increased by 2.14% this year, reflecting a positive trend in the company's performance and market interest [2]. Group 1: Stock Performance - As of January 5, New Dazheng's stock price reached 12.42 CNY per share, with a trading volume of 35.83 million CNY and a turnover rate of 1.37%, resulting in a total market capitalization of 2.81 billion CNY [1]. - The stock has shown a 1.97% increase over the last five trading days, a 6.33% increase over the last 20 days, and a 6.14% increase over the last 60 days [2]. Group 2: Company Overview - New Dazheng Property Group Co., Ltd. is located in Yuzhong District, Chongqing, and was established on December 10, 1998, with its listing date on December 3, 2019 [2]. - The company specializes in smart city public building and facility management, providing comprehensive property management services, professional management services, and value-added services [2]. - The revenue composition of the company includes: basic business 87.79%, urban services 8.22%, innovative business 3.86%, and others 0.13% [2]. Group 3: Financial Performance - For the period from January to September 2025, New Dazheng reported operating revenue of 2.27 billion CNY, a year-on-year decrease of 11.82%, and a net profit attributable to shareholders of 104 million CNY, a decrease of 2.97% year-on-year [2]. - Since its A-share listing, the company has distributed a total of 415 million CNY in dividends, with 230 million CNY distributed over the past three years [3]. Group 4: Shareholder Information - As of September 30, 2025, the number of shareholders for New Dazheng was 15,200, an increase of 6.68% from the previous period, with an average of 14,059 circulating shares per person, a decrease of 6.26% [2]. - Among the top ten circulating shareholders, Dongfanghong Yuanjian Value Mixed A (010714) ranked as the seventh largest shareholder, holding 2.8237 million shares, an increase of 90,100 shares from the previous period [3].

Core Viewpoint - New Dazheng is a leading third-party non-residential property management company in A-shares, focusing on public service and demonstrating strong market competitiveness [1] Group 1: Business Performance - In Q3 2025, New Dazheng achieved an operating revenue of 2.272 billion yuan, ranking 3rd in the industry, with the top competitor, China Merchants Jinling, at 13.942 billion yuan [2] - The main business composition includes basic services at 1.319 billion yuan (87.79%), urban services at 124 million yuan (8.22%), and innovative services at 58.029 million yuan (3.86%) [2] - Net profit for the same period was 116 million yuan, also ranking 3rd in the industry, with the industry average at -194 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, New Dazheng's debt-to-asset ratio was 35.05%, down from 38.15% year-on-year, significantly lower than the industry average of 68.54% [3] - The gross profit margin for the period was 14.29%, an increase from 12.29% year-on-year, but still below the industry average of 16.32% [3] Group 3: Management and Shareholder Information - The chairman, Li Maoshun, received a salary of 1.3713 million yuan in 2024, a decrease of 26,600 yuan from 2023 [4] - The number of A-share shareholders increased by 6.68% to 15,200 as of September 30, 2025, while the average number of shares held per shareholder decreased by 6.26% [5] Group 4: Market Outlook and Analyst Ratings - Analysts expect a compound annual growth rate (CAGR) of 13.2% for net profit from 2025 to 2027, with projected profits of 120 million, 140 million, and 160 million yuan respectively [5] - The company is focusing on high-quality development, which may temporarily pressure revenue but is expected to improve profitability through effective cost control [5] - The main business is expected to grow steadily, with innovative services and urban services identified as key profit growth points [5]

Core Points - The stock price of New Dazheng has decreased by 2.00% to 12.25 CNY per share as of October 30, with a market capitalization of 2.772 billion CNY [1] - Year-to-date, New Dazheng's stock price has increased by 37.22%, but it has seen a decline of 4.30% in the last five trading days [2] - The company reported a revenue of 2.272 billion CNY for the first nine months of 2025, a year-on-year decrease of 11.82%, and a net profit of 104 million CNY, down 2.97% year-on-year [2] Financial Performance - New Dazheng's main business revenue composition includes: basic services 87.79%, urban services 8.22%, innovative services 3.86%, and others 0.13% [2] - The company has distributed a total of 381 million CNY in dividends since its A-share listing, with 197 million CNY distributed in the last three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders for New Dazheng increased by 6.68% to 15,200, while the average circulating shares per person decreased by 6.26% to 14,059 shares [2] - The seventh largest circulating shareholder is Dongfanghong Yuanjian Value Mixed A, holding 2.8237 million shares, an increase of 90,100 shares from the previous period [3]