Jiangsu Hengli Hydraulic (601100) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 reached RMB 2.62 billion, up 24.53% year-over-year; year-to-date revenue was RMB 7.79 billion, up 12.31% year-over-year.

• Net profit attributable to shareholders for Q3 was RMB 657.65 million, up 30.60% year-over-year; year-to-date net profit was RMB 2.09 billion, up 16.49% year-over-year.

• Basic and diluted EPS for Q3 was RMB 0.49, up 28.95% year-over-year; year-to-date EPS was RMB 1.56, up 16.42% year-over-year.

Financial highlights

• Gross margin improved as operating costs rose slower than revenue; operating profit for the first nine months was RMB 2.33 billion, up 15.43% year-over-year.

• Net cash flow from operating activities for the first nine months was RMB 1.06 billion, down 19.75% year-over-year.

• Total assets at Q3-end were RMB 21.01 billion, up 6.98% from year-end 2024; equity attributable to shareholders was RMB 17.06 billion, up 8.12%.

• Weighted average ROE for the first nine months was 12.34%, up 0.18 percentage points year-over-year.

Outlook and guidance

• Management attributes profit growth to increased product sales and expects continued positive momentum.