Sieyuan Electric (002028) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 reached ¥5.33 billion, up 25.68% year-over-year, with year-to-date revenue at ¥13.83 billion, a 32.86% increase year-over-year.

• Net profit attributable to shareholders for Q3 was ¥898.67 million, up 48.73% year-over-year; year-to-date net profit was ¥2.19 billion, up 46.94% year-over-year.

• Basic and diluted EPS for Q3 were ¥1.15, up 47.44% year-over-year; year-to-date EPS was ¥2.81, up 46.35% year-over-year.

Financial highlights

• Operating cash flow for Q3 was ¥431.55 million, down 44.67% year-over-year, mainly due to increased inventory and supplier payments from rapid business growth.

• Total assets at Q3-end were ¥27.26 billion, up 16.12% from the previous year-end; shareholders’ equity was ¥14.46 billion, up 16.77%.

• Gross margin and operating margin improved, with significant increases in both revenue and net profit.

Outlook and guidance

• Management attributes growth to business expansion and increased market demand, with expectations for continued strong performance.