ZMD(SH:688636) Xin Lang Cai Jing·2025-10-24 11:25Core Viewpoint - The company, Zhimin Da, is focusing on high-reliability embedded computing solutions and has reported significant growth in revenue and profit for the first three quarters of 2025, driven by increased product orders and strategic expansion into emerging markets [2][3]. Group 1: Business Operations - Zhimin Da will not transfer its existing business to the new subsidiary, Chengdu Zhiwei Xintu Technology Co., Ltd., which has a registered capital of 10 million yuan and is 51% owned by Zhimin Da [1]. - The new subsidiary will focus on smart vision products for applications in transportation, security, and unmanned systems, as well as embodied intelligence products for robotics and similar devices [1]. Group 2: Financial Performance - For the first three quarters of 2025, Zhimin Da achieved revenue of 512 million yuan, a year-on-year increase of 145.16%, and a net profit of 81.99 million yuan, marking a turnaround from losses [2]. - The company’s stock price rose by 9.79% to 36.66 yuan per share following the release of its impressive financial results [2]. Group 3: Order and Production Insights - As of September 30, the company had an order backlog of 450 million yuan, with approximately 70 million yuan scheduled for delivery next year [2]. - The company expects fourth-quarter revenue to exceed that of the third quarter, with production capacity nearly fully utilized [2][3]. Group 4: Product Development and Market Trends - Zhimin Da is experiencing significant growth in its airborne and missile-borne product lines, with commercial aerospace and unmanned equipment sectors expected to grow rapidly [3][4]. - The company secured 152 new R&D projects in the first three quarters, with a notable increase in commercial aerospace projects compared to the previous year [4].