Red Avenue New Materials Group (603650) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 reached RMB 868.77 million, up 2.38% compared to the same quarter last year.

• Net profit attributable to shareholders for Q3 was RMB 143.16 million, a 14.11% year-over-year increase.

• Year-to-date revenue totaled RMB 2.52 billion, up 4.06% year-over-year.

• Year-to-date net profit attributable to shareholders was RMB 494.07 million, up 12.65% year-over-year.

Financial highlights

• Operating profit for the first nine months was RMB 372.13 million.

• Total assets at quarter-end were RMB 9.07 billion, up 7.84% from the previous year-end.

• Net cash from operating activities for the first nine months was RMB 268.53 million, down 13.21% year-over-year.

• Basic and diluted EPS for the first nine months were both RMB 0.83, up from RMB 0.73 year-over-year.

Outlook and guidance

• Growth in core business profitability and improved asset utilization contributed to higher recurring profit.