JHT(SH:603061) Ju Chao Zi Xun·2025-10-29 11:10Core Viewpoint - The company Jin Haitong (603061.SH) reported strong financial performance for the first three quarters of 2025, with significant year-on-year growth in revenue and net profit, driven by increased demand for semiconductor packaging and testing equipment [1][6]. Financial Performance - The company achieved a revenue of 482 million yuan, representing a year-on-year increase of 87.88% [1][6]. - Net profit attributable to shareholders reached 125 million yuan, up 178.18% year-on-year [1][6]. - The net profit after deducting non-recurring gains and losses was 121 million yuan, reflecting a year-on-year growth of 222.43% [1][6]. - The gross profit margin for the first three quarters was 51.95%, an increase of 3.22 percentage points compared to the previous year [6]. - The net profit margin was 25.95%, up 8.42 percentage points year-on-year [6]. - Basic earnings per share were 2.16 yuan, with a weighted average return on equity of 8.95% [6]. Cash Flow and Operational Efficiency - The net cash flow from operating activities was 49.95 million yuan, showing a year-on-year increase of 122.70%, providing stable cash support for future R&D and capacity expansion [6]. - In the third quarter of 2025 alone, the company achieved a net profit of 48.98 million yuan, a remarkable year-on-year growth of 832.58% [6]. Industry Position and Future Outlook - As a leading supplier of semiconductor testing equipment in China, the company benefits from the accelerated localization of semiconductor equipment and rapid growth in industry demand [6][7]. - Testing sorting machines account for over 80% of the company's product structure, playing a critical role in the packaging and testing process [6]. - With the global expansion of wafer fabs and upgrades in the back-end packaging and testing processes, demand for the company's equipment is expected to continue to rise [6]. - The company plans to enhance its technological innovation and market positioning, optimize its product structure, and strengthen its core competitiveness to expand market share and create long-term value for shareholders [7].