Shenzhen Envicool Technology (002837) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 reached ¥1.45 billion, up 25.34% year-over-year; year-to-date revenue was ¥4.03 billion, up 40.19% year-over-year.

• Net profit attributable to shareholders for Q3 was ¥183 million, up 8.35% year-over-year; year-to-date net profit was ¥399 million, up 13.13% year-over-year.

• The company completed a board election in September 2025, forming its fifth board of directors.

Financial highlights

• Gross margin for the nine months was 27.3%, with operating profit of ¥437.9 million, up from ¥388.8 million year-over-year.

• Basic and diluted EPS for the nine months were both ¥0.41, up 10.81% year-over-year.

• Total assets at Q3-end were ¥7.21 billion, up 19.89% from the previous year-end.

• Net cash flow from operating activities was -¥319 million, a significant decrease from ¥156 million in the prior year.

Outlook and guidance

• Revenue growth driven by increased sales of data center and cabinet temperature control energy-saving products.

• R&D and sales expenses increased due to expanded personnel and market development.