Zhejiang Chint Electrics Co (601877) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 was RMB 16.78 billion, down 3.7% year-over-year; YTD revenue reached RMB 46.40 billion, nearly flat from last year.

• Net profit attributable to shareholders for Q3 was RMB 1.62 billion, up 3.12% year-over-year; YTD net profit was RMB 4.18 billion, up 19.49% year-over-year.

• Excluding non-recurring items, YTD net profit attributable to shareholders was RMB 3.81 billion, up 13.29% year-over-year.

Financial highlights

• Total assets at Q3-end were RMB 155.15 billion, up 12.36% from year-end 2024.

• Shareholders’ equity attributable to listed company shareholders was RMB 43.71 billion, up 3.81% from year-end 2024.

• Basic and diluted EPS for Q3 was RMB 0.76; YTD EPS was RMB 1.95, up 18.90% year-over-year.

• Net cash flow from operating activities for the first nine months was RMB 15.25 billion, up 103.37% year-over-year, mainly due to increased cash from sales and services.

Outlook and guidance

• Excluding the impact of fair value changes in holdings of Zhongkong Technology, YTD net profit attributable to shareholders would be RMB 4.14 billion, up 19.59% year-over-year.