均胜电子：前三季度净利润同比增长18.98%

Core Viewpoint - Junsheng Electronics (600699.SH) reported a strong performance in Q3 2025, with revenue and net profit showing significant year-on-year growth, driven by cost reduction, operational efficiency improvements, and optimized capacity transfer [1] Financial Performance - Q3 revenue reached 15.497 billion, a year-on-year increase of 10.25% [1] - Net profit attributable to shareholders was 413 million, reflecting a year-on-year growth of 35.40% [1] - Revenue for the first three quarters totaled 45.844 billion, up 11.45% year-on-year [1] - Net profit for the first three quarters was 1.120 billion, marking an 18.98% year-on-year increase [1] Profitability Improvements - The overall gross margin of the company has continued to improve, with significant increases in the gross margins of both automotive safety and automotive electronics businesses [1] - The growth in profitability is attributed to effective measures such as material cost reduction and enhanced operational efficiency [1] R&D and Business Development - The company has increased its R&D investment in smart driving and is actively expanding new business orders [1] - The total amount of new orders received in the first three quarters reached 71.4 billion, contributing to enhanced profitability [1]