NBHX(SZ:002048) Zheng Quan Shi Bao Wang·2025-10-28 09:23Core Insights - Ningbo Huaxiang (002048) reported a decline in Q3 2025 revenue by 3.01% year-on-year, totaling 6.345 billion yuan, while net profit increased by 149.27% to 462 million yuan [1] - For the first three quarters of 2025, the company achieved a revenue of 19.224 billion yuan, reflecting a year-on-year growth of 5.88%, but net profit fell by 87.68% to 88.726 million yuan [1] - The basic earnings per share stood at 0.109 yuan, with net cash flow from operating activities increasing by 58.66% to 1.679 billion yuan [1] Financial Performance - Q3 2025 net profit growth of 149.27% compared to the same period last year, with a 163.06% increase in net profit after excluding non-recurring gains and losses, primarily due to the sale of European business and improved performance of self-owned brands [1] - For the first nine months of 2025, net profit decreased by 87.68%, but after excluding non-recurring losses, it showed a growth of 63.89%, indicating effective cost reduction and efficiency improvements domestically [1] - The non-recurring loss of 1.023 billion yuan in the first half of 2025 was attributed to the divestiture of European operations and the North American repurchase issue [1]