万丰奥威：三季度业绩表现亮丽，“双引擎”战略持续深化

Core Viewpoint - Wan Feng Ao Wei (stock code: 002085) reported strong performance in Q3 2025, demonstrating the effectiveness of its "dual-engine" strategy amidst complex international conditions [1][2]. Financial Performance - For the first three quarters of 2025, the company achieved operating revenue of 11.42 billion yuan, a growth of 0.4% - The net profit attributable to shareholders reached 730 million yuan, an increase of 29.4% - In Q3 2025, the company recorded revenue of 3.92 billion yuan, maintaining stability year-on-year - The net profit attributable to shareholders for Q3 was 230 million yuan, up 38.1% - The net profit excluding non-recurring items was 220 million yuan, reflecting a growth of 53.9% [1]. Business Strategy - The company is positioned in the "big transportation" sector and continues to deepen its "dual-engine" development strategy [2]. - The automotive metal parts lightweight business generated revenue of 9.39 billion yuan from January to September 2025, maintaining stability - The company is optimizing its customer structure and focusing resources on high-value-added products to enhance profitability in the automotive parts business [2]. Aviation Sector - The general aviation aircraft manufacturing business achieved revenue of 2.03 billion yuan from January to September 2025, a year-on-year increase of 2.2% - The company leverages its global layout to ensure stable deliveries and has a sufficient order backlog for general aviation aircraft - Ongoing improvements in high-value model production processes and expansion into the global private aircraft market are priorities [3]. - The company is advancing the development of eVTOL, eDA40, drones, and DART series models, with a significant eVTOL model, Volo Xpro, set for its domestic dynamic demonstration in November [3]. - The low-altitude economy is expected to enter a rapid development phase in the next five years, and the company aims to integrate aircraft manufacturing with intelligent systems and take-off/landing facilities to capitalize on new opportunities in this sector [3].