Ge Long Hui A P P·2025-10-22 07:54Core Viewpoint - Longsheng Technology achieved a net profit attributable to shareholders of 210 million yuan in the first three quarters of 2025, representing a year-on-year increase of 36.89% [1] - The company reported a net profit of 106 million yuan in Q3 2025, showing a significant year-on-year growth of 109.83% [1] Financial Performance - Q3 revenue experienced a slight year-on-year increase due to fluctuations in sales from key customers and product upgrades [1] - Fair value changes contributed to the substantial growth in Q3 performance, with operating cash flow turning from negative to positive [1] Future Outlook - For Q4 2025, core customers are expected to see increased sales volume, with Tesla Model Y orders scheduled until December and the first week of pre-orders for the new AITO M7 exceeding 60,000 units [1] - The shipment volume of new energy motor semi-assemblies is anticipated to increase, leading to improved year-on-year revenue growth in Q4 2025 [1] Strategic Positioning - The company is well-positioned in the humanoid robot sector, with a clear strategic layout [1] - Projected net profits attributable to shareholders for 2025, 2026, and 2027 are expected to be 327 million, 414 million, and 482 million yuan respectively, with current stock prices corresponding to PE ratios of 37.4, 29.5, and 25.3 times [1]