OKE(SH:688308) Xin Lang Cai Jing·2025-10-27 00:33Core Insights - The company reported a revenue of 1.023 billion yuan for Q1-Q3 2025, representing a year-on-year growth of 14.34%, while the net profit attributable to shareholders was 51 million yuan, down 43.09% year-on-year [1] - In Q3 2025, the company achieved a revenue of 420 million yuan, a year-on-year increase of 33.00% and a quarter-on-quarter increase of 39.10% [1] - The company is experiencing rapid revenue growth due to multiple favorable factors including inventory replenishment, price increases, and product structure upgrades [1] Financial Performance - The overall gross margin for Q3 2025 was 25.57%, an increase of 13.10 percentage points quarter-on-quarter, while the net profit margin was 11.72%, up 14.27 percentage points quarter-on-quarter [2] - The capacity utilization rate for the company's main products is showing a rapid increase, and profitability is expected to improve further with the launch of new projects and upgrades in CNC blade product structure [2] Market Opportunities - The company is actively expanding into the robotics sector, with some products already in bulk supply stages [2] - The company has developed tools for processing robot components, such as lead screws and gear reducers, which have been validated by downstream customers [2] Future Projections - The company is expected to achieve revenues of 1.432 billion, 1.805 billion, and 2.181 billion yuan for the years 2025, 2026, and 2027 respectively, with net profits of 104 million, 164 million, and 223 million yuan [3] - The net profit is anticipated to grow rapidly due to increased capacity utilization, product price hikes, product structure upgrades, and expansion into new downstream application areas [3]