VGT(SZ:300476) Zheng Quan Shi Bao Wang·2025-10-27 14:24Core Insights - Shenghong Technology (300476) reported a significant increase in net profit for Q3 2025, reaching 1.102 billion yuan, a year-on-year growth of 260.52% [1] - The company’s Q3 revenue was 5.086 billion yuan, up 78.95% year-on-year, while the total revenue for the first three quarters of 2025 was 14.117 billion yuan, reflecting an 83.4% increase [1] - Shenghong Technology is expanding its production capacity, with construction projects increasing nearly 13 times year-on-year and contract liabilities rising 126% [1] Financial Performance - For Q3 2025, the company achieved a net profit of 1.102 billion yuan, marking a 260.52% increase compared to the previous year [1] - The basic earnings per share for the first three quarters of 2025 stood at 3.78 yuan, with a net profit of 3.245 billion yuan, up 324.38% year-on-year [1] Investment and Funding - The company plans to raise up to 1.9 billion yuan through a private placement to fund projects in Vietnam and Thailand, as well as to supplement working capital and repay bank loans [2] - The actual fundraising from the recent stock issuance was approximately 1.876 billion yuan after deducting issuance costs, with the price per share set at 248.02 yuan [2] - Shenghong Technology is also planning to list on the Hong Kong Stock Exchange, having submitted an application for H-share listing on August 20 [2] Stock Market Activity - Since July, Shenghong Technology's stock price has surged over 153%, attracting retail investors and private equity, while institutional shareholders have begun to reduce their holdings [3] - Notable retail investor "Gao Chao" has entered as the ninth largest circulating shareholder, while several institutional investors have initiated sell-offs [3]