Zhuhai Bojay Electronics (002975) Q3 2025 earnings summary

Executive summary

• Q3 revenue was ¥444.4m, up 76.91% YoY; attributable net income was ¥85.5m, up 616.51%, including substantial non-recurring gains. 

• YTD revenue rose 35.61% to ¥1,116.7m; attributable net income was ¥105.7m, while adjusted for non-recurring items it was ¥59.6m. 

Financial highlights

• Q3 adjusted attributable net income was ¥45.3m, up 333.93% YoY; YTD adjusted attributable net income was ¥59.6m, up 680.22%. 

• YTD operating profit was ¥122.1m versus an operating loss of ¥8.6m in the prior-year period; consolidated net profit was ¥115.3m versus a net loss of ¥3.1m. 

• YTD revenue growth reflected higher sales volume and contribution from Zhuhai Guanghaojie. 

Segment performance

• Zhuhai Guanghaojie contributed to higher revenue and increased inventory, contract assets, fixed assets, payables and contract liabilities during the period.  