China XD Electric Co (601179) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 reached ¥5.66 billion, up 15.98% year-over-year; year-to-date revenue was ¥16.96 billion, up 11.85% year-over-year.

• Net profit attributable to shareholders for Q3 was ¥340 million, up 1.78% year-over-year; year-to-date net profit was ¥939 million, up 19.29% year-over-year.

• Basic EPS for Q3 was ¥0.0664, up 1.84% year-over-year; year-to-date EPS was ¥0.1831, up 19.28% year-over-year.

Financial highlights

• Gross margin improved as revenue growth outpaced cost increases; operating profit for the first nine months was ¥1.30 billion, up from ¥1.15 billion year-over-year.

• Net cash flow from operating activities for the first nine months was ¥555 million, down 60.44% year-over-year, mainly due to increased payments for goods.

• Total assets at Q3-end were ¥47.66 billion, up 3.32% from year-end 2024; equity attributable to shareholders was ¥22.63 billion, up 2.73%.

Outlook and guidance

• Management did not provide explicit forward-looking guidance but highlighted continued revenue and profit growth year-over-year.