Zhejiang Shuanghuan Driveline (002472) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 was ¥2.24 billion, down 7.56% compared to the same quarter last year, while net profit attributable to shareholders rose 21.22% year-over-year to ¥321 million.

• For the first nine months of 2025, revenue reached ¥6.47 billion, a 4.10% decrease year-over-year, but net profit attributable to shareholders increased 21.73% to ¥898 million.

• The company is progressing with the planned spin-off and STAR Market IPO of its subsidiary, which remains consolidated post-listing.

Financial highlights

• Basic and diluted EPS for Q3 were ¥0.38, up 22.58% year-over-year; for the nine months, EPS was ¥1.06, up 23.26%.

• Operating cash flow for the first nine months was ¥1.30 billion, up 25.08% year-over-year.

• Total assets at Q3-end were ¥18.34 billion, up 15.58% from the previous year-end; equity attributable to shareholders was ¥9.62 billion, up 9.16%.

• Non-recurring profit for the nine months was ¥51.2 million, mainly from government grants and other income.

Outlook and guidance

• The company expects continued benefits from business specialization and the subsidiary's IPO, aiming to maximize shareholder value.