ACMSH(SH:688082) Zhong Zheng Wang·2025-10-30 04:09Core Insights - Shengmei Shanghai reported a revenue of 5.146 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 29.42% [1] - The net profit attributable to the parent company reached 1.266 billion yuan, showing a significant increase of 66.99% year-on-year [1] - Research and development investment totaled 868 million yuan, accounting for 16.87% of the revenue, with a year-on-year increase of 41.89% [1] Financial Performance - Revenue for the first three quarters: 5.146 billion yuan, up 29.42% year-on-year [1] - Net profit: 1.266 billion yuan, up 66.99% year-on-year [1] - R&D investment: 868 million yuan, 16.87% of revenue, up 41.89% year-on-year [1] Order Backlog - Total order backlog as of September 29: 9.072 billion yuan, an increase of 34.10% compared to the same period last year [1] Production Capacity - The company has two production plants in the Lingang factory area, with Plant A already in operation and capable of reaching a production capacity of 10 billion yuan [1] - The current production capacity supports the company's annual performance guidance target of 6.5 billion to 7.1 billion yuan for this year [1] - Plant B is expected to begin renovations next year, with production anticipated to start in the second half of the year [1]