FDM(SZ:002196) Zheng Quan Ri Bao Wang·2025-10-28 10:40Core Insights - Zhejiang Fangzheng Electric Motor Co., Ltd. reported a significant turnaround in its financial performance, achieving a net profit of 13.76 million yuan in the third quarter of 2025, compared to a loss in the previous period, driven by a 10.44% year-on-year increase in revenue to 2.013 billion yuan for the first three quarters [1] Group 1: Financial Performance - The company achieved third-quarter revenue of 748 million yuan, with a total revenue of 2.013 billion yuan for the first three quarters, reflecting a year-on-year growth of 10.44% [1] - The net profit attributable to shareholders reached 13.76 million yuan, marking a significant recovery from previous losses [1] Group 2: Business Growth and Market Position - The strong performance is attributed to the booming Chinese electric vehicle market, with Fangzheng Electric's new energy drive business scaling up production and releasing capacity [1] - Fangzheng Electric has established itself as a leading independent supplier of drive motors in China, with a focus on advanced technologies such as 800V high-voltage motors and flat wire motors [1] - The company’s flat wire motor technology has achieved mass production, surpassing the performance targets set by national development plans [1] Group 3: Production Capacity and Technological Advancements - To meet increasing orders, Fangzheng Electric is accelerating capacity construction at its Deqing base, with an initial phase targeting an annual production of 800,000 units and a second phase aiming for 2.2 million units [2] - The new factory incorporates advanced technologies like digital twins, IoT, big data, AI, and industrial interconnectivity for efficient production and management [2] Group 4: Diversification and New Product Development - Besides the new energy drive assembly, the company is seeing growth in its traditional micro-special motors and controllers, as well as in humanoid robot joints and electric aircraft drive motors [2] - The smart controller business is expanding, focusing on home appliance and power tool controllers, while also increasing investment in automotive controller R&D [3] - The wholly-owned subsidiary, Shanghai Haineng Automotive Electronics, has developed various automotive engine control systems and is making strides in new product development, including controllers for hydrogen and methanol engines [3]