APG(SZ:002284) Ju Chao Zi Xun·2025-10-16 05:07Core Viewpoint - Zhejiang Apac Electromechanical Co., Ltd. (stock code: 002284) reported significant growth in its performance for the first three quarters of 2025, with net profit and net profit after deducting non-recurring gains both increasing by nearly or over 100% year-on-year, indicating a substantial improvement in overall profitability and a positive operational trend [2]. Financial Performance Summary - The net profit attributable to shareholders is expected to be between 31 million and 33.5 million yuan, representing a year-on-year increase of 97.38% to 113.30% from 15.70575 million yuan [3]. - The net profit after deducting non-recurring gains is projected to be between 27.15 million and 29.65 million yuan, reflecting a year-on-year growth of 95.05% to 113.01% from 13.91947 million yuan, showcasing strong performance in core business profitability [3]. - Basic earnings per share are expected to be between 0.419 yuan and 0.453 yuan, doubling from 0.213 yuan in the same period last year, indicating an increase in shareholder returns [3]. Growth Drivers - The significant growth in performance is driven by two main factors: "revenue increase" and "efficiency improvement." The company has actively explored new market areas and optimized its product structure, focusing on high value-added products, leading to an estimated revenue growth of approximately 32%, which lays a solid foundation for profit growth [4]. - The company has also implemented refined management practices across production, operations, and cost control, effectively achieving cost reduction and efficiency enhancement, resulting in a net profit growth rate that exceeds revenue growth, thereby improving profit quality [4]. - During the reporting period, non-recurring gains amounted to approximately 3.85 million yuan, primarily from government subsidies and investment income, which provided some supplementary profit, although core growth remains reliant on the stable development of the main business [4].