Canny Elevator (002367) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 reached ¥1.21 billion, up 18.82% year-over-year; net profit attributable to shareholders was ¥141.14 million, up 33.31% year-over-year.

• Year-to-date revenue was ¥3.07 billion, up 6.68% year-over-year; net profit attributable to shareholders was ¥320.99 million, up 13.95% year-over-year.

• Significant contract wins and ongoing execution in major rail transit projects, with effective orders totaling ¥6.754 billion as of September 30, 2025.

Financial highlights

• Gross margin improved, with net profit margin and EPS both increasing year-over-year.

• Operating cash flow for the period was ¥324.36 million.

• Total assets at period end were ¥7.47 billion, down 0.25% from year-end 2024; shareholders’ equity increased 2.33% to ¥3.62 billion.

• Non-recurring gains for the period were ¥7.27 million, mainly from government subsidies and fair value changes.

Outlook and guidance

• Large backlog of effective orders and signed contracts in rail transit projects supports future revenue visibility.

• Ongoing execution of major contracts, with several new maintenance service contracts signed in Q3.