SOFE(SZ:000852) Mei Ri Jing Ji Xin Wen·2025-10-23 05:01Core Viewpoint - Sinopec Oilfield Machinery Co., Ltd. reported a significant decline in revenue and net profit for the first three quarters of 2025, with a year-on-year revenue drop of 14.62% and a net profit decrease of 91.85% [1][2]. Financial Performance - The company achieved a revenue of 4.819 billion yuan in the first three quarters, down from the previous year, and a net profit of 6.8856 million yuan [1]. - In Q3 2025, revenue was 1.343 billion yuan, a decrease of 23.60%, with a net loss of 21.143 million yuan [1][2]. - Operating cash flow for the first three quarters was approximately 183 million yuan, a substantial increase of 122.96% year-on-year, attributed to higher cash receipts from sales [2]. - R&D expenses were about 147 million yuan, down 41.84% due to fewer projects [2]. - Accounts receivable increased by approximately 9.3% to 3.101 billion yuan, while inventory rose by 15.3% to 4.319 billion yuan [2]. - Total assets reached approximately 11.209 billion yuan, up 7.61% from the previous year, and equity attributable to shareholders was about 3.137 billion yuan, an increase of 1.27% [2]. Stock Performance - The company's stock price experienced a notable surge, achieving four consecutive daily limit-ups from October 20 to 23, with a cumulative increase of 46.39% during this period [3][4]. - The stock opened at 6.39 yuan and closed at 9.34 yuan, with a maximum price of 9.34 yuan during this trading period [4]. Strategic Developments - The company signed an investment intention agreement with related parties, including Sinopec Group Capital Co., Ltd., to invest in its wholly-owned subsidiary, aiming to enhance the competitiveness and R&D capabilities in hydrogen energy equipment [6].