Core Insights - Junsheng Electronics (00699) reported its performance for the first three quarters of 2025, showing a revenue of approximately 45.844 billion yuan, which represents a year-on-year growth of 11.45% [2] - The net profit attributable to shareholders of the listed company was around 1.12 billion yuan, reflecting a year-on-year increase of 18.98% [2] - The basic earnings per share stood at 0.81 yuan [2]

Core Insights - Junsheng Electronics reported significant growth in revenue and profit for Q3 2025, driven by emerging business areas such as automotive intelligence, creating new growth engines [1][2] Financial Performance - For the first three quarters of 2025, Junsheng Electronics achieved revenue of approximately 45.8 billion yuan, a year-on-year increase of about 11.45% [1] - The net profit attributable to shareholders and the net profit after deducting non-recurring gains and losses both saw substantial year-on-year growth of 35.40% and 37.53%, respectively, in Q3 [1] - The gross profit margin reached a near three-year high of 18.6% in Q3, with an overall gross profit margin of 18.3% for the first three quarters, reflecting an increase of approximately 2.7 percentage points year-on-year [2] New Business Development - Junsheng Electronics experienced a rapid increase in new business orders, with a total lifecycle value of new orders amounting to approximately 71.4 billion yuan for the first three quarters and 40.2 billion yuan in Q3 alone, marking a historical high [2][3] - The company is focusing on enhancing its core competitiveness in new business areas, particularly in intelligent assisted driving and smart cockpit multi-screen systems, which are expected to further expand revenue and profit growth [2] R&D and Innovation - The company invested approximately 2.56 billion yuan in R&D during the first three quarters, aimed at strengthening its core competitive advantages and ensuring long-term technological and market leadership [2] - Junsheng Electronics has launched a series of innovative products based on various chip platforms, enhancing capabilities in intelligent driving and vehicle-road-cloud collaboration [3] Strategic Partnerships - The company has established collaborations with domestic and international robotics firms, expanding its expertise in automotive components to the robotics sector, with key component solutions already in place [3]

Core Insights - Ningbo Joyson Electronic Corp. reported a revenue of 45.844 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 11.45% [1] - The net profit attributable to shareholders reached 1.12 billion yuan, marking an 18.98% increase compared to the previous year [1] - The company has made significant breakthroughs in emerging business areas such as automotive intelligence, creating new growth engines [1] Revenue and Profit - The company achieved a total revenue of 45.844 billion yuan in the first three quarters, with a year-on-year increase of 11.45% [1] - Net profit attributable to shareholders was reported at 1.12 billion yuan, reflecting an 18.98% growth year-on-year [1] New Business Development - Joyson Electronic has expanded its new business orders, securing a total order value of approximately 71.4 billion yuan, including 39.6 billion yuan in automotive safety and 31.8 billion yuan in automotive electronics [1] - In the third quarter alone, the company obtained new orders worth 40.2 billion yuan [1] Customer Structure and Market Trends - The proportion of orders from leading domestic brands and new car manufacturers has been increasing, driving the company's order growth [1] - With the rising global penetration of intelligent driving, the automotive intelligence business has entered a harvest phase, with new orders worth 15 billion yuan from two major automotive brands in the third quarter [1] Product Innovation and Collaboration - Over the past two years, the company has launched a series of innovative products based on multiple chip platforms, enhancing capabilities for intelligent driving and smart cockpit solutions [2] - Joyson Electronic is expanding its automotive parts R&D and manufacturing experience into the robotics sector, collaborating with various domestic and international robotics companies [2]

Core Insights - Junsheng Electronics reported significant growth in both revenue and profit for Q3 2025, with a notable increase in gross margin, indicating strong operational performance and effective strategic initiatives [1][2]. Financial Performance - The company achieved a total revenue of 45.844 billion yuan, representing an 11.45% increase year-on-year; net profit attributable to shareholders was 1.12 billion yuan, up 18.98% year-on-year, with a non-recurring net profit of 1.122 billion yuan, reflecting a 19.22% increase [1]. - In Q3 alone, revenue reached 15.497 billion yuan, a 10.25% year-on-year growth, while net profit for the quarter was 413 million yuan, marking a 35.40% increase year-on-year and a 12.4% increase quarter-on-quarter [1]. Profitability Improvement - The overall gross margin for the first three quarters improved by 2.7 percentage points to 18.3%, with Q3 gross margin reaching 18.6%, the highest in nearly three years, driven by effective cost control and operational efficiency [2]. - The company plans to enhance gross margin further through initiatives such as domestic chip substitution and increasing the proportion of self-produced gas generators [2]. Order Acquisition and Business Growth - Junsheng Electronics secured new orders totaling approximately 71.4 billion yuan in the first three quarters, with Q3 alone contributing 40.2 billion yuan, marking a record for quarterly orders [2]. - The automotive safety and electronics sectors contributed significantly to order growth, with 39.6 billion yuan and 31.8 billion yuan in orders, respectively, driven by increasing demand from leading domestic brands and new car manufacturers [2]. Technological Advancements - The company successfully obtained global orders worth 15 billion yuan for central computing units and intelligent networking products from two major automotive brands in Q3, with an additional 5 billion yuan in projects announced in October [3]. - R&D investment reached 2.558 billion yuan in the first three quarters, focusing on advanced technology and product development, including expansion into the robotics sector [3]. Asset and Equity Growth - As of September 30, 2025, total assets amounted to 68.679 billion yuan, a 7.03% increase from the end of the previous year, while equity attributable to shareholders rose by 5.64% to 14.323 billion yuan, indicating stable asset structure [3].

Core Viewpoint - Junsheng Electronics (00699) reported a revenue of approximately 45.844 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 11.45% [1] - The net profit attributable to shareholders of the listed company was about 1.12 billion yuan, representing a year-on-year increase of 18.98% [1] - The basic earnings per share stood at 0.81 yuan [1]

Core Insights - Company reports significant revenue growth and profitability in Q3 2025, driven by emerging business areas and new orders [1][2] Financial Performance - For the first three quarters of 2025, the company's revenue reached approximately 45.8 billion yuan, a year-on-year increase of about 11.45% [1] - The net profit attributable to shareholders and the net profit after deducting non-recurring gains and losses both saw substantial year-on-year growth of 35.40% and 37.53%, respectively [1][2] - The gross profit margin for Q3 reached a three-year high of 18.6%, with an overall gross profit margin for the first three quarters increasing by approximately 2.7 percentage points to 18.3% [2] New Business Development - The company experienced a rapid increase in new business orders, with a total new order value of approximately 40.2 billion yuan in Q3 alone, and a cumulative total of about 71.4 billion yuan for the first three quarters [1][3] - The core competitiveness in new business areas is expected to enhance future revenue and profit growth, with R&D expenses for the first three quarters amounting to approximately 2.56 billion yuan [3] Market Position and Innovations - The company has made breakthroughs in smart assisted driving and intelligent cockpit multi-screen areas, with significant orders from leading domestic brands and new car manufacturers [3] - Recent innovations include products based on various chip platforms, enhancing capabilities for smart driving and vehicle-road-cloud collaboration [4] - The company is expanding its expertise in automotive components to the robotics sector, collaborating with domestic and international robotics companies [4]

证券代码：600699 证券简称：均胜电子 公告编号：临 2025-069 宁波均胜电子股份有限公司 关于召开2025年第三季度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 投资者可于 2025 年 11 月 6 日（星期四）至 11 月 12 日（星期三）16:00 前 登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 （600699@joyson.com）进行提问。公司将在说明会上对投资者普遍关注的问题 进行回答。 宁波均胜电子股份有限公司（以下简称"公司"）已于 2025 年 10 月 30 日披 露公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司 2025 年第三季度经营成果、财务状况，公司计划于 2025 年 11 月 13 日（星期四） 15:00-16:00 举行 2025 年第三季度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以视频录播结合网络互动形式召开，公司将针对 2025 年 前三季度的经营成果及财务指标的具 ...

证券代码：600699 证券简称：均胜电子 公告编号：临 2025-068 宁波均胜电子股份有限公司 第十一届监事会第二十次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 表决结果：3票同意、0票反对、0票弃权。 特此公告。 宁波均胜电子股份有限公司监事会 2025 年 10 月 30 日 宁波均胜电子股份有限公司（以下简称"均胜电子"或"公司"）第十一届 监事会第二十次会议于2025年10月29日在浙江宁波以现场表决的方式召开。会议 通知于2025年10月27日以专人送达的方式向公司全体监事发出。会议应出席监事 3名，实际出席3名。 1 / 1 会议由公司监事会主席王玉德先生主持，会议的召开符合《公司法》与《公 司章程》的有关规定。 会议以现场表决的方式审议并通过以下议案： 审议并通过了《2025年第三季度报告》 根据有关规定，公司监事事先对2025年第三季度报告进行了审阅，并发表意 见如下： 我们作为公司的监事，在全面了解和审核公司2025年第三季度报告后认为： 公司严格按照股份有限公司财务制度规范运作，公司 ...

Financial Performance - The company's operating revenue for Q3 2025 reached ¥15,497,417,581.73, representing a year-on-year increase of 10.25%[4] - The total profit for the period was ¥597,381,623.68, showing a decrease of 6.05% compared to the same period last year[4] - Net profit attributable to shareholders was ¥412,608,865.30, reflecting a significant increase of 35.40% year-on-year[4] - The basic earnings per share for the quarter was ¥0.30, up 36.36% from the previous year[5] - Total operating revenue for the first three quarters of 2025 reached ¥45.84 billion, an increase of 11.5% compared to ¥41.13 billion in the same period of 2024[19] - Operating profit for the first three quarters of 2025 was ¥1.84 billion, up from ¥1.78 billion in the same period of 2024, reflecting a growth of 3.8%[19] - Net profit attributable to shareholders of the parent company for the first three quarters of 2025 was ¥1.12 billion, compared to ¥941.50 million in 2024, representing a year-on-year increase of 18.9%[20] - The company reported a comprehensive income total of ¥2.12 billion for the first three quarters of 2025, compared to ¥570 million in 2024, indicating a substantial increase[20] - Basic earnings per share for the first three quarters of 2025 were ¥0.81, up from ¥0.67 in the same period of 2024, representing a growth of 20.9%[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥68,679,430,225.81, an increase of 7.03% compared to the end of the previous year[5] - Total assets increased to ¥68.68 billion in 2025 from ¥64.17 billion in 2024, marking a growth of 7.8%[16] - Total liabilities rose to ¥47.54 billion in 2025, up from ¥44.32 billion in 2024, indicating an increase of 5.0%[16] - Total current assets as of September 30, 2025, amounted to ¥32,149,607,961.67, an increase from ¥30,088,535,413.33 at the end of 2024[14] - Inventory as of September 30, 2025, was ¥11,281,424,841.45, up from ¥10,538,159,090.50 at the end of 2024[14] - Cash and cash equivalents stood at ¥7,204,544,902.78, slightly down from ¥7,262,612,109.21 at the end of 2024[14] - The company reported accounts receivable of ¥9,058,489,252.63, an increase from ¥8,678,239,875.31 at the end of 2024[14] - Long-term equity investments reached ¥200,900,093.22, compared to ¥167,559,851.63 at the end of 2024[14] - The company’s goodwill as of September 30, 2025, was ¥7,250,091,006.84, slightly up from ¥7,216,314,555.77 at the end of 2024[14] - The company’s total non-current assets were valued at ¥40,000,000,000.00 as of September 30, 2025[14] Shareholder Information - Total number of common shareholders at the end of the reporting period was 126,515[11] - The largest shareholder, Junsheng Group Co., Ltd., holds 520,669,101 shares, representing 37.31% of total shares[11] Cash Flow and Investments - The company's cash flow from operating activities for the first three quarters of 2025 showed a positive trend, contributing to overall financial stability[22] - In the first three quarters of 2025, the cash inflow from operating activities reached ¥52.25 billion, an increase of 15.4% compared to ¥45.34 billion in the same period of 2024[23] - The net cash flow from operating activities for the first three quarters of 2025 was ¥3.64 billion, up from ¥3.05 billion in 2024, representing a growth of 19.2%[23] - The cash outflow from investment activities totaled ¥6.93 billion in 2025, significantly higher than ¥2.74 billion in 2024, leading to a net cash flow from investment activities of -¥3.34 billion[23] - Cash inflow from financing activities was ¥10.85 billion in 2025, down from ¥14.51 billion in 2024, resulting in a net cash flow from financing activities of -¥0.38 billion[25] - The total cash and cash equivalents at the end of Q3 2025 stood at ¥6.02 billion, a decrease from ¥6.48 billion at the end of Q3 2024[25] - The company received ¥134.07 million in investment income during the first three quarters of 2025, compared to ¥30.22 million in the same period of 2024, marking an increase of 343.5%[23] - The cash inflow from other investment-related activities was ¥3.24 billion in 2025, a substantial increase from ¥641.70 million in 2024[23] - The cash outflow for purchasing fixed assets and other long-term assets was ¥3.07 billion in 2025, compared to ¥2.49 billion in 2024, indicating a rise of 23.4%[23] - The company paid ¥9.03 billion in employee-related cash during the first three quarters of 2025, an increase from ¥8.05 billion in 2024, reflecting a growth of 12.1%[23] - The cash flow from tax payments was ¥1.74 billion in 2025, compared to ¥1.51 billion in 2024, showing an increase of 15.0%[23] Business Strategy - New business orders in Q3 2025 surged, with total new orders amounting to approximately ¥402 billion for the quarter, and ¥714 billion for the first three quarters[8] - The company achieved a net profit of approximately ¥1.12 billion for the first three quarters of 2025, a year-on-year growth of about 19.0%[8] - The gross profit margin for the first three quarters of 2025 improved by approximately 2.7 percentage points to 18.3%[8] - The company plans to continue enhancing its core competitiveness and expanding into new business areas, particularly in smart driving technologies[8] - Research and development expenses for the first three quarters of 2025 amounted to ¥2.56 billion, a significant increase of 44.3% from ¥1.77 billion in the same period of 2024[19] - The weighted average return on equity increased to 2.84%, reflecting an improvement of 0.72 percentage points[5]

Core Insights - Junsheng Electronics (600699.SH) reported a significant increase in gross margin, rising approximately 2.7 percentage points year-on-year to 18.3%, marking a five-year high [1] - The company experienced rapid growth in new business orders, with a total lifecycle value of new orders in Q3 2025 reaching approximately 40.2 billion yuan, and a cumulative total of about 71.4 billion yuan for the first three quarters [1] - The revenue for Q3 2025 was 15.497 billion yuan, reflecting a year-on-year growth of 10.25%, while the cumulative revenue for the first three quarters was 45.844 billion yuan, up 11.45% year-on-year [1] Financial Performance - The net profit attributable to shareholders for Q3 2025 was approximately 1.12 billion yuan, representing a year-on-year increase of about 19.0% [1] - In Q3 2025, the net profit attributable to shareholders was around 410 million yuan, showing a year-on-year growth of approximately 35.4% and a quarter-on-quarter increase of about 12.4% [1] Business Development - The automotive safety business accounted for approximately 39.6 billion yuan of the new orders, while the automotive electronics business contributed about 31.8 billion yuan [1] - The proportion of orders from leading domestic brands and new car manufacturers has been steadily increasing, serving as a key driver for order growth [1]