Ningbo Orient Wires & Cables (603606) Q3 2025 earnings summary

Executive summary

• Achieved Q3 revenue of RMB 3.07 billion, with net profit attributable to shareholders of RMB 441 million, up 53.12% year-over-year.

• Q3 net profit excluding non-recurring items rose 71.73% year-over-year.

• Nine-month revenue reached RMB 7.50 billion, up 11.20% year-over-year; net profit for the period was RMB 914 million, down 1.95% year-over-year.

• As of October 23, 2025, order backlog stood at RMB 19.55 billion.

Financial highlights

• Q3 total revenue: RMB 3.07 billion, up 16.55% year-over-year.

• Q3 net profit: RMB 441 million, up 53.12% year-over-year.

• Q3 basic and diluted EPS: RMB 0.64, up 52.38% year-over-year.

• Nine-month revenue: RMB 7.50 billion, up 11.20% year-over-year.

• Nine-month net profit: RMB 914 million, down 1.95% year-over-year.

Outlook and guidance

• Order backlog as of October 23, 2025, was RMB 19.55 billion, with significant contributions from subsea and high-voltage cables.