HMD(SZ:002947) Zhong Guo Zheng Quan Bao·2025-10-25 07:11Core Insights - The company reported a revenue of 1.963 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 15.51% [1] - The net profit attributable to shareholders reached 408 million yuan, a year-on-year increase of 31.24% [1] - The net profit after deducting non-recurring gains and losses was 395 million yuan, up 30.05% year-on-year [1] Financial Performance - In Q3, the company achieved a revenue of 718 million yuan, a slight decrease of 5.22% compared to the same period last year, but net profit grew by 18.12% to 174 million yuan [1] - Basic earnings per share for the first three quarters were 1.61 yuan, an increase of 21.05% year-on-year [1] - The weighted average return on equity was 12.70%, maintaining a high level [1] Cash Flow and Assets - The net cash flow from operating activities reached 704 million yuan, a significant increase of 143.43% year-on-year, attributed to improved accounts receivable management [1] - As of the end of the reporting period, the company's cash and cash equivalents amounted to 1.399 billion yuan, a growth of 132.84% since the beginning of the year [2] - Total assets reached 4.291 billion yuan, an increase of 8.41% from the beginning of the year [2] Research and Development - The company invested 90.1892 million yuan in R&D during the first three quarters, reflecting an increase of 11.31% year-on-year [2] - Continuous R&D investment supports technological innovation and product upgrades, ensuring market competitiveness [2]