Shenzhen Hopewind Electric (603063) Q3 2025 earnings summary

Executive summary

• 9M revenue rose 20.19% YoY and attributable net profit increased 31.99%; Q3 revenue and net profit declined YoY.

• 9M profit growth was attributed to higher revenue from new-energy electrical control businesses.

Financial highlights

• Q3 revenue was RMB 893.97m, down 3.87% YoY; attributable net profit was RMB 91.66m, down 6.98%.

• Q3 adjusted attributable net profit was RMB 79.91m, down 19.85% YoY; operating cash flow was RMB 192.39m, up 243.13%.

• 9M revenue was RMB 2,778.27m, up 20.19%; total profit was RMB 372.21m, up 25.79%, and attributable net profit was RMB 334.34m, up 31.99%.

• 9M adjusted attributable net profit was RMB 308.38m, up 17.36%; basic and diluted EPS were both RMB 0.74, up 29.82%.

Segment performance

• New-energy electrical control revenue growth was cited as the main reason for the 31.99% increase in 9M attributable net profit.