Huaming Power Equipment (002270) Q3 2025 earnings summary

Executive summary

• Net profit attributable to shareholders for the first three quarters reached ¥581 million, up 17.66% year-over-year.

• Excluding non-recurring items, net profit rose 19.88% year-over-year to ¥566 million.

• Power equipment business revenue grew 16.51% year-over-year to ¥1.535 billion, with overseas revenue up 45.43% and domestic revenue up 6.7%.

• Adjusted net profit (excluding share-based payments) increased 20.20% year-over-year.

Financial highlights

• Operating revenue for the first three quarters was ¥1.815 billion, up 6.87% year-over-year.

• Net profit attributable to shareholders for Q3 was ¥212.5 million, up 18.51% year-over-year.

• Basic and diluted EPS for the first three quarters were ¥0.6422, up 16.55% year-over-year.

• Operating cash flow for Q3 was ¥360.15 million, down 34.64% year-over-year.

• Total assets at quarter-end were ¥4.56 billion, up 2.18% from year-end 2024.

Segment performance

• Power equipment business revenue reached ¥1.535 billion, up 16.51% year-over-year.

• Overseas revenue (direct and indirect exports) was ¥486 million, up 45.43% year-over-year.

• Domestic revenue was ¥1.049 billion, up 6.7% year-over-year.