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Bethel Automotive Safety Systems (603596) investor relations material

Bethel Automotive Safety Systems Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary30 Oct, 2025

Executive summary

  • Revenue for the first nine months reached RMB 8.36 billion, up 27.04% year-over-year, with Q3 revenue at RMB 3.19 billion, up 22.48% from the same quarter last year.

  • Net profit attributable to shareholders for the first nine months was RMB 891.49 million, up 14.58% year-over-year.

  • Main business income for January–September was RMB 8.17 billion, up 28.05% year-over-year, with strong growth in smart electronic control products and disc brakes.

Financial highlights

  • Operating profit for the first nine months was RMB 1.04 billion, up 15.88% year-over-year.

  • Basic EPS for the first nine months was RMB 1.47, up 14.84% year-over-year.

  • Gross margin and net margin improved, with net cash flow from operating activities at RMB 591.07 million for the first nine months.

  • Total assets at quarter-end were RMB 16.30 billion, up 27.45% from the previous year-end.

Outlook and guidance

  • New project pipeline remains robust, with 536 R&D projects and 413 new awarded projects, expected to generate annualized revenue of RMB 7.1 billion.

  • Expansion in domestic and international markets continues, with new production lines and capacity investments underway.

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