Huizhou Desay SV Automotive (002920) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 reached ¥7.69 billion, up 5.63% year-over-year; net profit attributable to shareholders was ¥565 million, down 0.57% year-over-year.

• Year-to-date revenue totaled ¥22.34 billion, a 17.72% increase year-over-year; net profit attributable to shareholders was ¥1.79 billion, up 27.08% year-over-year.

• Cash flow from operating activities for the first nine months was ¥2.26 billion, up 169.3% year-over-year.

Financial highlights

• Basic EPS for Q3 was ¥1.02, down 1.92% year-over-year; year-to-date basic EPS was ¥3.23, up 26.67%.

• Total assets at quarter-end were ¥27.24 billion, up 26.81% from the previous year-end.

• Shareholders’ equity reached ¥14.64 billion, up 51.85% from the previous year-end.

• Non-recurring items contributed a net gain of ¥63.89 million year-to-date.

Outlook and guidance

• The company completed a directed share issuance, raising ¥4.39 billion in net proceeds, which will support future growth and expansion.