Yongxing Special Materials Technology (002756) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 was ¥1.85 billion, down 35.40% year-over-year; net income attributable to shareholders was ¥130.77 million, up 6.61% year-over-year for the quarter but down 45.25% for the nine-month period.

• Operating cash flow for the first nine months reached ¥464.89 million, a 20.06% increase year-over-year.

• The company completed a board and senior management reshuffle and implemented a new governance structure, eliminating the supervisory board.

• A cash dividend of ¥3.00 per 10 shares was distributed based on mid-year results.

Financial highlights

• Nine-month revenue was ¥5.55 billion, down 10.98% year-over-year; net profit attributable to shareholders was ¥531.57 million, down 45.25%.

• Basic and diluted EPS for the nine months were ¥1.01, down 44.20% and 44.51% year-over-year, respectively.

• Gross margin and operating profit declined, with total assets at ¥14.39 billion, up 4.27% from year-end 2024.

• Net cash from operating activities increased 20.06% to ¥464.89 million for the nine months.

Outlook and guidance

• No explicit forward-looking guidance provided, but management actions suggest a focus on governance and capital returns.