Zhejiang JIULI Hi-tech Metals (002318) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 reached ¥3.64 billion, up 57.46% year-over-year, with net profit attributable to shareholders at ¥434 million, up 8.29% year-over-year.

• Year-to-date revenue was ¥9.75 billion, a 36.45% increase year-over-year, and net profit attributable to shareholders was ¥1.26 billion, up 20.73% year-over-year.

• Operating cash flow for the first nine months was ¥598 million, up 61.63% year-over-year.

Financial highlights

• Gross margin and net margin improved, with basic and diluted EPS at ¥1.33 for the first nine months, up 22.02% year-over-year.

• Weighted average ROE for the period was 15.95%, up 1.76 percentage points year-over-year.

• Total assets at period end were ¥13.43 billion, down 5.18% from the previous year-end; shareholders’ equity rose 3.5% to ¥8.16 billion.

• Non-recurring gains for the period totaled ¥64.95 million, mainly from government subsidies and asset disposals.

Outlook and guidance

• Continued investment in high-performance pipe projects and overseas market expansion is expected to drive future growth.