Core Insights - New Q3 report shows a significant increase in net profit, with a growth of 1939.5% year-on-year, reaching 664 million yuan [1] - The company has triggered early redemption of its convertible bonds due to stock price conditions being met [2] - Asset impairment provisions have been made, totaling 61.39 million yuan, reflecting a comprehensive assessment of asset values [3] Financial Performance - For the first three quarters of 2025, the company reported revenue of 3.618 billion yuan, an increase of 84.1% year-on-year [1] - Q3 revenue was 1.408 billion yuan, showing a year-on-year growth of 55.13% [1] - The net profit for Q3 was 264 million yuan, with a remarkable increase of 308.57% year-on-year [1] Convertible Bonds - The "Qianglian Convertible Bonds" were subject to early redemption as the stock price met the required conditions [2] - The redemption price is set at 100.99 yuan per bond, with the last trading day on September 26 and the redemption date on October 9 [2] - Unconverted bonds will be forcibly redeemed after the specified date, leading to their delisting from the Shenzhen Stock Exchange [2] Asset Impairment - The company conducted a thorough review of its assets, resulting in various impairment provisions totaling 61.39 million yuan [3] - Specific provisions included 57.97 million yuan for credit impairment losses and 3.08 million yuan for contract asset impairment [3] - The company aims to present a more accurate financial position and asset value post-impairment [3] Market Position - As of October 21, the company's stock closed at 44.4 yuan per share, with a total market capitalization of 18.385 billion yuan [4]

Core Viewpoint - New Qianglian (300850.SZ) reported a significant increase in net profit, achieving a growth of over 19 times year-on-year, alongside a strong revenue increase in the third quarter of 2025 [1][2]. Financial Performance - For the first three quarters of 2025, the company achieved operating revenue of 3.618 billion yuan, representing a year-on-year growth of 84.1%. The net profit attributable to shareholders reached 664 million yuan, a staggering increase of 1939.5% [1][2]. - In the third quarter alone, operating revenue was 1.408 billion yuan, up 55.13% year-on-year, while net profit was 264 million yuan, reflecting a growth of 308.57% [1]. Convertible Bond Redemption - The company announced the early redemption of its "Qianglian Convertible Bonds" after meeting the conditions for redemption. The stock price was above 130% of the conversion price for at least 15 trading days [3][4]. - The bonds will stop trading on September 26, 2025, with the last conversion and redemption date set for September 30, 2025, and the redemption date on October 9, 2025, at a price of 100.99 yuan per bond [4]. Asset Impairment Provisions - New Qianglian conducted a comprehensive review and impairment testing of its assets, resulting in the recognition of impairment losses. For the first three quarters of 2025, the company recognized credit impairment losses of 57.9722 million yuan, contract asset impairment provisions of 3.0877 million yuan, and inventory write-downs of 331,500 yuan [5][6]. - The company also recognized bad debt provisions for accounts receivable amounting to 44.6667 million yuan, with significant amounts exceeding 30% of the previous year's audited net profit [6][7]. - Total asset impairment provisions amounted to 61.3915 million yuan, which reduced the company's consolidated profit for the first three quarters of 2025 by the same amount [7]. Market Position - As of October 21, 2025, New Qianglian's stock price closed at 44.4 yuan per share, giving it a total market capitalization of 18.385 billion yuan [7].

（编辑 任世碧） 证券日报网讯 10月21日晚间，新强联发布2025年第三季度报告称，2025年第三季度公司实现营业收入 1，408，344，143.06元，同比增长55.13%；归属于上市公司股东的净利润为264，228，041.61元，同 比增长308.57%。 ...

Core Insights - In Q3 2025, the company achieved a revenue of 1.408 billion yuan, representing a year-on-year growth of 55.13% [2] - The net profit attributable to shareholders reached 264 million yuan, marking a significant year-on-year increase of 308.57% [2] - For the first three quarters of the year, the company reported a total revenue of 3.618 billion yuan, up 84.1% year-on-year, and a net profit of 664 million yuan, indicating a turnaround from losses [2] Financial Performance - Q3 revenue: 1.408 billion yuan, up 55.13% year-on-year [2] - Q3 net profit: 264 million yuan, up 308.57% year-on-year [2] - Year-to-date revenue: 3.618 billion yuan, up 84.1% year-on-year [2] - Year-to-date net profit: 664 million yuan, indicating a turnaround from losses [2] R&D Investment - The company invested 130 million yuan in R&D during the first three quarters, reflecting a year-on-year increase of 69.78% [2] - Focus on technological innovation and product development is emphasized [2] Business Overview - The company specializes in the research, development, manufacturing, and sales of large slewing bearings and yaw-pitch bearings for wind turbines [2] - Products are applied in critical sectors such as wind power bearings, shield machine bearings, offshore equipment bearings, and construction machinery bearings [2]

Group 1: Company Performance Overview - For the first nine months of 2025, the company reported revenue of 3.618 billion yuan, an increase of 84.1% year-on-year [4] - The net profit attributable to shareholders, excluding non-recurring gains and losses, was 582 million yuan, up 846.59% year-on-year [4] - Basic earnings per share reached 1.78 yuan, reflecting a year-on-year growth of 1880% [4] - Total assets at the end of the reporting period amounted to 11.47 billion yuan, a 14.66% increase compared to the end of the previous year [4] Group 2: Quarterly Performance Insights - In Q3 2025, the company achieved revenue of 1.408 billion yuan, a year-on-year increase of 55.13% and a quarter-on-quarter growth of 9.75% [4] - The net profit attributable to shareholders for Q3 was 247 million yuan, marking a year-on-year increase of 426.34% and a quarter-on-quarter increase of 17.23% [4] Group 3: Market and Industry Context - As of August 2025, the cumulative installed power generation capacity in China reached 3.69 billion kilowatts, a year-on-year increase of 18.0% [6] - Wind power capacity specifically reached 580 million kilowatts, growing by 22.1% year-on-year, with new installations of 5.8 million kilowatts, a staggering increase of 5784% [6] Group 4: Strategic Focus and Measures - The company is benefiting from a recovery in wind power demand, leveraging its technological advantages to expand market share [5] - To address potential production capacity constraints, the company plans to optimize production processes and enhance core equipment capabilities [6] - The company emphasizes the importance of managing accounts receivable to mitigate cash flow risks through a credit assessment system and proactive monitoring [8]

Group 1 - The company announced a provision for asset impairment of approximately 61.39 million yuan for the first three quarters of 2025, which will reduce the consolidated profit before tax by the same amount [1] - This provision for credit impairment losses and asset impairment losses aims to more accurately reflect the company's financial condition, asset value, and operational results as of September 30, 2025 [1]

Core Viewpoint - New Strong Union (300850) reported significant growth in its Q3 2025 financial results, indicating strong operational performance and recovery from previous losses [1] Financial Performance - In Q3 2025, the company achieved operating revenue of 1.408 billion yuan, representing a year-on-year increase of 55.13% [1] - The net profit attributable to shareholders for Q3 2025 was 264 million yuan, showing a remarkable year-on-year growth of 308.57% [1] - For the first three quarters of 2025, the company recorded total operating revenue of 3.618 billion yuan, which is an 84.1% increase compared to the same period last year [1] - The net profit attributable to shareholders for the first three quarters was 664 million yuan, a significant turnaround from a loss of 36.088 million yuan in the same period last year [1]

Core Viewpoint - New Strong Union (新强联) reported a significant increase in net profit and revenue for the first three quarters of 2025, indicating strong business performance and growth potential [1] Financial Performance - For the first three quarters, the company achieved operating revenue of 3.618 billion yuan, representing a year-on-year growth of 84.1% [1] - The net profit attributable to shareholders reached 664 million yuan, showing a remarkable year-on-year increase of 1939.5% [1] - In the third quarter alone, operating revenue was 1.408 billion yuan, with a year-on-year growth of 55.13% [1] - The net profit for the third quarter was 264 million yuan, reflecting a substantial year-on-year increase of 308.57% [1] Growth Drivers - The increase in operating revenue is primarily attributed to the growth in sales revenue [1]

Group 1 - The company XinQiangLian reported a revenue of approximately 3.618 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 84.1% [1] - The net profit attributable to shareholders of the listed company was about 664 million yuan, showing a significant year-on-year increase of 1939.5% [1] - The basic earnings per share reached 1.78 yuan, which is an increase of 1880% compared to the previous year [1]

回转支承专业制造 本公司及董事会全体成员保证信息披露内容的真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 证券代码：300850 证券简称：新强联 公告编号：2025-089 洛阳新强联回转支承股份有限公司 关于 2025 年前三季度计提资产减值准备及核销资产的公告 一、本次计提资产减值准备的概述 为真实反映洛阳新强联回转支承股份有限公司(以下简称"公司")的财务状况、资 产价值及经营情况，本着谨慎性原则，根据《企业会计准则》及公司会计政策的相关规 定，公司对合并报表范围内截至 2025 年 9 月 30 日的各类资产进行了全面清查和减值测 试，并进行了充分地评估和分析，对其中存在减值迹象的资产相应计提了减值损失。 根据《深圳证券交易所创业板股票上市规则》等相关法律法规以及《公司章程》等 相关规定，本次计提资产减值准备无需提交公司董事会或股东大会审议。 二、本次计提资产减值准备的范围和总金额 公司 2025 年前三季度对相关资产计提资产和信用减值损失总额为 61,391,507.79 元，详情如下： 单位：元 | 资产减值类型 | 资产减值项目 | 2025 年 1-9 月 | | --- | -- ...