Zhi Tong Cai Jing·2025-10-28 01:49Core Viewpoint - Zhejiang Shibao (002703) reported a significant increase in revenue and net profit for the first three quarters of 2025, reflecting strong business performance in the automotive steering system sector [1] Financial Performance - The company achieved an operating revenue of 2.462 billion yuan, representing a year-on-year increase of 35.44% [1] - Net profit attributable to shareholders reached 150 million yuan, marking a year-on-year increase of 33.66% [1] - Basic earnings per share were reported at 0.1819 yuan [1] Business Operations - Zhejiang Shibao's primary business involves first-tier supply of automotive steering systems, serving leading domestic automakers and mainstream new energy vehicle manufacturers [1] - The company is focusing its R&D investments on electrification and intelligent steering technologies [1] - The company has secured several mainstream customers for its steer-by-wire and rear-wheel steering technologies, which have not yet entered mass production [1] - Zhejiang Shibao is a supplier of steering intermediate shafts for Xiaomi Automotive [1]