Changling Hydraulic(SH:605389) Xin Lang Cai Jing·2025-10-23 11:19Core Insights - The company reported a revenue of 750 million yuan for the first three quarters of 2025, representing a year-on-year increase of 10.50% [1] - The net profit attributable to shareholders reached 110 million yuan, up 20.51% year-on-year, with a basic earnings per share of 0.77 yuan [1] - The gross margin for the first three quarters was 28.64%, an increase of 1.51 percentage points year-on-year, while the net margin was 16.05%, up 1.12 percentage points from the previous year [1] Financial Performance - The company’s third-quarter gross margin was 32.25%, showing a year-on-year increase of 5.15 percentage points and a quarter-on-quarter increase of 4.91 percentage points [1] - The net margin for the third quarter was 18.63%, which is an increase of 5.23 percentage points year-on-year and 3.87 percentage points quarter-on-quarter [1] - The company’s total expenses for the third quarter were 70.86 million yuan, an increase of 6.28 million yuan compared to the same period last year, with an expense ratio of 9.45%, down 0.07 percentage points year-on-year [2] Shareholder Information - As of the end of the third quarter of 2025, the total number of shareholders was 8,868, an increase of 892 from the end of the first half of the year, representing an 11.18% growth [2] - The average market value held per shareholder increased from 795,900 yuan to 995,800 yuan, a growth of 25.11% [2] Business Overview - Jiangsu Changling Hydraulic Co., Ltd. specializes in the research, production, and sales of hydraulic components and precision castings, with main revenue sources including tensioning devices (36.61%), precision castings (22.59%), central swivel joints (21.51%), and reduction gears (13.77%) [2] - The company is classified under the machinery equipment sector, specifically in engineering machinery components, and is involved in various concept sectors including engineering machinery and solar energy [3]