NJEC(SH:600699) Quan Jing Wang·2025-10-29 09:39Core Viewpoint - Junsheng Electronics (600699) reported significant growth in revenue and profit for the third quarter, with a year-on-year increase in net profit attributable to shareholders reaching 35.4% and a record high gross margin for the quarter [1] Financial Performance - In the third quarter, Junsheng Electronics achieved revenue of approximately 15.497 billion yuan and a net profit attributable to shareholders of about 410 million yuan, reflecting a year-on-year growth of approximately 35.4% [1] - For the first three quarters, the company reported cumulative revenue of 45.844 billion yuan and a net profit of approximately 1.12 billion yuan, marking a year-on-year increase of about 19.0% [1] - The overall gross margin for the first three quarters improved by approximately 2.7 percentage points to 18.3%, while the gross margin for the third quarter increased by approximately 2.9 percentage points to 18.6% [1] Order Growth and Business Expansion - Junsheng Electronics experienced breakthroughs in both the structure and amount of new orders, with new business orders in the third quarter of 2025 growing rapidly, totaling approximately 40.2 billion yuan for the quarter [1] - Cumulatively, the total amount of new orders for the first three quarters reached approximately 71.4 billion yuan, with the automotive safety business contributing about 39.6 billion yuan and the automotive electronics business about 31.8 billion yuan [1] - The proportion of orders from leading independent brands and new car-making forces continues to rise, becoming a significant driver of order growth [1]