Zhejiang Wanfeng Auto Wheel (002085) Q3 2025 earnings summary

Executive summary

• Achieved revenue of ¥11.42 billion for the first nine months of 2025, up 0.40% year-over-year; net profit attributable to shareholders rose 29.38% to ¥729 million.

• Automotive lightweight metal parts business revenue was ¥9.39 billion, up 0.02% year-over-year; general aviation manufacturing revenue was ¥2.03 billion, up 2.20%.

• Strategic acquisition of Volocopter GmbH assets in March 2025 to expand urban air mobility and eVTOL business.

Financial highlights

• Q3 revenue was ¥3.92 billion, down 1.93% year-over-year; Q3 net profit attributable to shareholders was ¥229 million, up 38.14%.

• Net profit excluding non-recurring items for Q3 was ¥216 million, up 53.90% year-over-year.

• Basic and diluted EPS for Q3 were ¥0.11, up 37.50% year-over-year; for the nine months, EPS was ¥0.34, up 25.93%.

• Operating cash flow for Q3 was ¥560 million, down 4.97% year-over-year.

• Total assets at period end were ¥18.67 billion, up 4.77% from year-end 2024.

Outlook and guidance

• Focus on expanding lightweight metal applications in automotive and scaling up eVTOL and electric aircraft R&D.

• Plans to accelerate low-altitude economy market layout and develop new aircraft models and delivery centers.