Zhejiang NHU Company (002001) Q3 2025 earnings summary

Executive summary

• Q3 2025 operating revenue was RMB 5.54 billion, down 6.66% year-over-year, while Q1–Q3 2025 revenue reached RMB 16.64 billion, up 5.45% year-over-year.

• Net profit attributable to shareholders for Q3 2025 was RMB 1.72 billion, down 3.80% year-over-year; for Q1–Q3 2025, it was RMB 5.32 billion, up 33.37% year-over-year.

• Basic EPS for Q1–Q3 2025 was RMB 1.73, up 34.11% year-over-year.

Financial highlights

• Net cash flows from operating activities for Q1–Q3 2025 increased 23.28% year-over-year to RMB 5.64 billion.

• Total assets as of September 30, 2025, were RMB 45.09 billion, up 4.90% from December 31, 2024.

• Net assets attributable to shareholders rose 9.81% to RMB 32.20 billion.

• Non-recurring gains and losses for Q1–Q3 2025 were negative RMB 12.25 million.

Outlook and guidance

• The company is applying for registration and issuance of debt financing instruments up to RMB 3 billion to support rapid development, optimize financing structure, and reduce costs.