Core Viewpoint - The financial performance of Zhuoran Co., Ltd. shows a mixed trend with a significant decrease in revenue but a notable increase in net profit, indicating potential operational efficiency improvements despite lower sales [2]. Group 1: Financial Performance - For the period from January to September 2025, Zhuoran Co., Ltd. achieved operating revenue of 1.565 billion yuan, a year-on-year decrease of 18.80% [2]. - The net profit attributable to the parent company was 59.55 million yuan, reflecting a year-on-year increase of 74.55% [2]. Group 2: Shareholder and Market Activity - As of September 30, 2025, the number of shareholders in Zhuoran Co., Ltd. was 6,701, a decrease of 1.15% from the previous period [2]. - The average number of circulating shares per shareholder increased by 44.81% to 30,244 shares [2]. Group 3: Financing and Margin Trading - On November 11, Zhuoran Co., Ltd. had a financing buy-in amount of 6.49 million yuan and a financing repayment of 6.83 million yuan, resulting in a net financing buy-in of -336,200 yuan [1]. - The total margin trading balance was 98.89 million yuan, accounting for 3.59% of the circulating market value, which is below the 10% percentile level over the past year [1]. - The company had a margin balance of 2,718 yuan with a remaining short position of 200 shares, indicating a high level of short selling compared to the past year [1]. Group 4: Dividend and Institutional Holdings - Zhuoran Co., Ltd. has cumulatively distributed dividends of 49.65 million yuan since its A-share listing [3]. - As of September 30, 2025, China Life Asset Management's Wisdom Life Stock A (001672) was the fifth largest circulating shareholder, holding 2.9956 million shares, unchanged from the previous period [3].

Core Insights - On November 6, Zhuoran Co., Ltd. saw a stock price increase of 1.31% with a trading volume of 35.93 million yuan [1] - The company reported a financing net buy of -3.53 million yuan on the same day, indicating a higher level of financing repayment compared to new purchases [1] - As of November 6, the total financing and securities balance for Zhuoran Co., Ltd. was 104 million yuan, which is 3.91% of its circulating market value, indicating a low financing balance compared to the past year [1] Financial Performance - For the period from January to September 2025, Zhuoran Co., Ltd. achieved a revenue of 1.565 billion yuan, representing a year-on-year decrease of 18.80% [2] - The net profit attributable to the parent company for the same period was 59.55 million yuan, showing a significant year-on-year increase of 74.55% [2] Shareholder Information - As of September 30, 2025, the number of shareholders for Zhuoran Co., Ltd. was 6,701, a decrease of 1.15% from the previous period [2] - The average number of circulating shares per shareholder increased by 44.81% to 30,244 shares [2] Dividend Distribution - Since its A-share listing, Zhuoran Co., Ltd. has distributed a total of 49.65 million yuan in dividends [3] Institutional Holdings - As of September 30, 2025, among the top ten circulating shareholders, Guoshou Anbao Smart Life Stock A held 2.9956 million shares, with no change in the number of shares held compared to the previous period [3]

Core Viewpoint - Zhuoran Co., Ltd. is a leading domestic petrochemical equipment company, providing integrated solutions in design, manufacturing, installation, and services for clients in the petrochemical, refining, and natural gas chemical sectors [1] Financial Performance - For Q3 2025, Zhuoran's revenue was 1.565 billion yuan, ranking 19th among 58 companies in the industry, while the top company, Zhongchuang Zhiling, reported revenue of 30.745 billion yuan [2] - The net profit for the same period was 163 million yuan, placing it 16th in the industry, with the leading company reporting a net profit of 3.705 billion yuan [2] Financial Ratios - As of Q3 2025, Zhuoran's debt-to-asset ratio was 66.88%, a decrease from 67.94% year-on-year but still above the industry average of 46.18% [3] - The gross profit margin was 15.21%, down from 18.42% year-on-year and below the industry average of 26.77% [3] Executive Compensation - Chairman Zhang Jinhong's salary for 2024 is 780,000 yuan, an increase of 9,500 yuan from 2023 [4] - General Manager Zhang Jun's salary for 2024 is 758,000 yuan, up by 36,100 yuan from the previous year [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 1.15% to 6,701, while the average number of shares held per shareholder increased by 44.81% to 30,200 shares [5] - Longjiang Securities noted a decline in performance for the first half of 2025, but anticipated an increase in the proportion of engineering general contracting services from 2025 to 2026 [5] Future Outlook - The company is actively positioning itself in the green and low-carbon sectors, promoting technological innovation and industrial upgrades [5] - Projected net profits for 2025, 2026, and 2027 are estimated at 130 million yuan, 150 million yuan, and 200 million yuan, respectively, with corresponding P/E ratios of 27.4X, 24.0X, and 17.5X based on the closing price on August 29, 2025 [5]

Group 1 - The core viewpoint of the news highlights the trading performance and financial metrics of Zhuoran Co., Ltd., indicating a mixed financial outlook with a significant drop in revenue and net profit [1][2] - As of September 15, Zhuoran Co., Ltd. experienced a financing buy-in amount of 7.50 million yuan, with a net financing buy of 2.13 million yuan, reflecting a high financing balance of 152 million yuan, which constitutes 5.86% of its market capitalization [1] - The company’s main business revenue composition includes 83% from other products and services, 12.57% from EPC, 2.40% from petrochemical special equipment, and 2.02% from refining special equipment [1] Group 2 - As of June 30, the number of shareholders for Zhuoran Co., Ltd. increased by 5.39% to 6,779, while the average circulating shares per person decreased by 5.12% to 20,884 shares [2] - For the first half of 2025, Zhuoran Co., Ltd. reported an operating income of 966 million yuan, a year-on-year decrease of 28.92%, and a net profit attributable to shareholders of -21,900 yuan, a decline of 100.62% [2] - Since its A-share listing, Zhuoran Co., Ltd. has distributed a total of 49.65 million yuan in dividends, with significant institutional holdings, including a notable increase in shares held by Guoshou Anbao Smart Life Stock A [3]