Shanxi Xinghuacun Fen Wine Factory (600809) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 reached RMB 8.96 billion, up 4.05% year-over-year, with net profit attributable to shareholders at RMB 2.90 billion, down 1.38% from the same period last year.

• For the first nine months, revenue totaled RMB 32.92 billion, up 5.00% year-over-year, and net profit attributable to shareholders was RMB 11.40 billion, up 0.48% year-over-year.

Financial highlights

• Operating income for the first nine months was RMB 32.92 billion, a 5.00% increase year-over-year.

• Net profit attributable to shareholders for the first nine months was RMB 11.40 billion, up 0.48% year-over-year.

• Basic and diluted EPS for the first nine months were both RMB 9.35, up 0.54% year-over-year.

• Operating cash flow for the first nine months was RMB 8.98 billion, down 21.45% year-over-year.

• Total assets at quarter-end were RMB 54.55 billion, up 1.97% from the previous year-end.

Key financial ratios and metrics

• Weighted average return on equity for the first nine months was 8.05%, a decrease of 2.05 percentage points year-over-year.

• Gross margin for the first nine months was approximately 76%, calculated from revenue and cost figures.