万丰奥威前三季度营收微增0.40% 仍在推进eVTOL机型TC适航取证

Core Insights - Despite the rising interest in the low-altitude economy, Zhejiang Wanfeng Auto Wheel Co., Ltd. (Wanfeng Aowei) has experienced stagnation in revenue growth, with a year-on-year decline in the most recent quarter [2] Financial Performance - In Q3 2025, Wanfeng Aowei reported revenue of 3.922 billion yuan, a decrease of 1.93% year-on-year; net profit attributable to shareholders was 229 million yuan, an increase of 38.14% [2] - For the first three quarters of 2025, total revenue reached 11.416 billion yuan, reflecting a growth of 0.4% year-on-year; net profit attributable to shareholders was 729 million yuan, up by 29.38% [2] Business Segments - The automotive metal parts lightweighting business remains the dominant segment for Wanfeng Aowei, generating revenue of 9.385 billion yuan in the first three quarters, with a minimal growth of 0.02% year-on-year [2] - In the general aviation aircraft innovative manufacturing sector, Wanfeng Aowei achieved revenue of 2.031 billion yuan from January to September, marking a year-on-year growth of 2.20% [2] Strategic Developments - In March 2025, Wanfeng Aowei acquired core assets from the German eVTOL company Volocopter [3] - The company is actively working on the certification process for certain eVTOL models, aiming to expedite market entry for its products [3]