浩物股份连续四个季度实现盈利 拟使用公积金弥补亏损

Core Viewpoint - The company has shown a significant improvement in net profit despite a decline in revenue, indicating a positive trend in profitability and operational efficiency [1][2]. Financial Performance - For the first three quarters of 2025, the company reported revenue of 2.183 billion, a year-on-year decrease of 16.98%, while net profit reached 42.7752 million, a year-on-year increase of 279.04% [1]. - In the third quarter alone, the company achieved revenue of 726 million, down 18.69% year-on-year, with net profit of 12.3436 million, up 324.27% year-on-year [1]. - The company has maintained positive net profit for four consecutive quarters since Q4 2024, indicating a continuous improvement in profitability [1]. Business Segments - The company operates primarily in two segments: automotive sales and services, and internal combustion engine crankshaft manufacturing [1]. - The automotive sales and services segment includes vehicle sales, maintenance services, and comprehensive services, with key brands including SAIC Volkswagen, FAW Volkswagen, FAW Toyota, Dongfeng Nissan, and various new energy vehicle brands [1]. Strategic Initiatives - The company is optimizing its revenue structure and cost management, which has led to a sustained increase in profitability [2]. - The focus on new energy vehicles and enhanced after-sales service is expected to drive further growth in revenue and market share [2][3]. - The company plans to use 679.482 million from surplus reserves and 876 million from capital reserves to offset cumulative losses, which will improve its financial stability and net asset quality [2][3]. Market Outlook - The demand for new energy and smart vehicles is expected to grow, providing opportunities for the company to expand its market presence and enhance brand partnerships [2]. - Improving financial conditions may attract more investors and support future growth initiatives, including potential green bond issuance [3].