Core Viewpoint - Green Eco was established in November 1998 and listed on the Shenzhen Stock Exchange in August 2017, focusing on ecological environment construction with investment value [1] Group 1: Business Performance - In Q3 2025, Green Eco reported revenue of 331 million yuan, ranking 11th in the industry, with the top competitor, Fulongma, at 3.599 billion yuan [2] - The main business segments include green maintenance projects (57.81% of revenue), ecological restoration projects (38.82%), municipal greening projects (1.76%), cultural tourism projects (1.24%), and others (0.36%) [2] - The net profit for the same period was 71.6496 million yuan, ranking 6th in the industry, with the industry average being -27.6684 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, the debt-to-asset ratio for Green Eco was 38.29%, lower than the previous year's 43.17% and the industry average of 55.85%, indicating strong solvency [3] - The gross profit margin was 47.32%, up from 35.43% year-on-year and above the industry average of 22.98%, reflecting strong profitability [3] Group 3: Management and Shareholder Information - The chairman, Qi Yong, received a salary of 1.47 million yuan in 2024, a decrease of 30,000 yuan from 2023 [4] - As of September 30, 2025, the number of A-share shareholders decreased by 15.51% to 16,000, while the average number of circulating A-shares held per account increased by 18.35% to 12,100 [5]

Group 1 - The core viewpoint of the articles highlights the strong financial performance of Green Yin Ecology in the first three quarters of 2025, with a revenue increase of 35.97% year-on-year and a net profit increase of 36.19% [1] - In Q3 2025, the company achieved a revenue of 1.06 billion yuan, representing a year-on-year growth of 48.18%, and a net profit of 114.56 million yuan, which is a 9.70% increase compared to the same period last year [1] - The company demonstrated effective cost control, with a decrease in the expense ratio by 8.49 percentage points, indicating a focus on enhancing core competitiveness while maintaining cost efficiency [1] Group 2 - Green Yin Ecology, established in 1998, is located in Tianjin Binhai High-tech Zone and primarily engages in ecological environment construction projects [2] - The main revenue sources of the company include green maintenance projects (57.81%), ecological restoration projects (38.82%), municipal greening projects (1.76%), cultural tourism projects (1.24%), and other projects (0.36%) [2] - The company has extensive experience and a solid customer base in the fields of ecological landscaping and rural revitalization, positioning itself to leverage its industry advantages as societal emphasis on environmental protection and sustainable development increases [2]