Shenzhen Zhaowei Machinery & Electronics (003021) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 reached ¥468.62 million, up 13.65% year-over-year; year-to-date revenue was ¥1.26 billion, up 18.70% year-over-year.

• Net profit attributable to shareholders for Q3 was ¥67.96 million, up 4.01% year-over-year; year-to-date net profit was ¥181.23 million, up 13.86% year-over-year.

• Adjusted net profit (excluding non-recurring items) for Q3 was ¥63.53 million, up 13.98% year-over-year; year-to-date adjusted net profit was ¥160.23 million, up 24.95% year-over-year.

Financial highlights

• Basic and diluted EPS for Q3 were ¥0.28, up 3.70% year-over-year; year-to-date EPS was ¥0.76, up 13.43%.

• Gross margin improved as revenue growth outpaced cost increases.

• Operating cash flow for the first nine months was ¥102.24 million, down 35.55% year-over-year.

• Total assets at quarter-end were ¥4.24 billion, up 5.51% from the previous year-end.

• Shareholders’ equity at quarter-end was ¥3.41 billion, up 5.60% from the previous year-end.

Outlook and guidance

• Management expects continued revenue and profit growth, supported by increased investment in R&D and expansion projects.