JEMC(SZ:000922) Xin Lang Cai Jing·2025-10-27 10:04Core Insights - The company reported a revenue of 3.64 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 2.01% [1] - The net profit attributable to shareholders was 196 million yuan, a decrease of 5.09% year-on-year, while the net profit excluding non-recurring items was 171 million yuan, down 9.74% year-on-year [1] - The basic earnings per share stood at 0.29 yuan, with a weighted average return on equity of 4.60% [1] Financial Performance - The gross profit margin for the first three quarters was 22.19%, an increase of 0.39 percentage points year-on-year, while the net profit margin was 6.79%, a decrease of 0.21 percentage points year-on-year [1] - In Q3 2025, the gross profit margin was 21.76%, up 4.16 percentage points year-on-year but down 3.17 percentage points quarter-on-quarter; the net profit margin was 6.41%, an increase of 2.64 percentage points year-on-year but a decrease of 0.42 percentage points quarter-on-quarter [1] Expense Analysis - Total operating expenses for the period were 456 million yuan, an increase of 12.63 million yuan year-on-year, with an expense ratio of 12.54%, up 0.10 percentage points year-on-year [2] - Sales expenses increased by 4.24% year-on-year, management expenses rose by 14.60% year-on-year, while R&D expenses decreased by 2.55% and financial expenses dropped by 40.33% year-on-year [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 37,500, an increase of 10,600 or 39.22% from the end of the previous half [2] - The average market value per shareholder decreased from 293,900 yuan at the end of the previous half to 224,400 yuan, a decline of 23.65% [2] Company Overview - Harbin Electric Group Jiamusi Electric Motor Co., Ltd. is located in Jiamusi City, Heilongjiang Province, and was established on December 31, 1996, with its listing date on June 18, 1999 [2] - The company's main business involves the manufacturing and maintenance of motors and shielded electric pumps, with 100% of its revenue derived from electric motors [2] - The company belongs to the Shenwan industry classification of power equipment - motors II - motors III, and is associated with concepts such as magnetic levitation, central enterprise reform, Heilongjiang Free Trade Zone, offshore wind power, and nuclear power [2]