ZHONGLI GROUP(SZ:002309) Zheng Quan Ri Bao Zhi Sheng·2025-10-27 13:36Core Viewpoint - Jiangsu Zhongli Group Co., Ltd. has shown significant improvement in its financial performance, with a notable reduction in net losses and a strong increase in equity, driven by restructuring and expansion in the photovoltaic business [1][2]. Financial Performance - For the first three quarters of 2025, the net profit attributable to shareholders was -140 million yuan, a substantial reduction in losses by 69.09% compared to the same period last year [1][2]. - As of the end of Q3 2025, the equity attributable to shareholders was approximately 1.86 billion yuan, reflecting a 31.03% increase from the end of the previous year [1]. - The net cash flow from operating activities surged by 3383.91% in the first three quarters of 2025, indicating improved operational efficiency [2]. Business Operations - The company has successfully completed its restructuring in 2024, which has positively impacted supply chain cooperation and customer trust [1]. - The cable business has maintained stable operations, providing consistent revenue support, while the photovoltaic business is actively expanding overseas [1][2]. - Prepayments increased by 299.58% and contract liabilities rose by 413.09% compared to the end of the previous year, driven by an increase in sales orders [2]. Photovoltaic Business Expansion - Zhongli Group's subsidiary, Suzhou Tenghui Photovoltaic Technology Co., Ltd., is aggressively pursuing international markets, participating in over 30 global renewable energy exhibitions since the beginning of 2025 [2]. - At the 2025 Intersolar Europe exhibition, Tenghui Photovoltaic's N-type series products received the "TOP PERFORMER" award, marking the fifth time the company has achieved this recognition [3]. - The strategic focus of the photovoltaic business has shifted towards high-potential overseas markets, with plans for localized team building and deep channel cooperation to enhance brand influence [3].