RIFA PM(SZ:002520) Xin Lang Cai Jing·2025-10-30 10:41Core Viewpoint - The financial performance of Rifa Precision Machinery Co., Ltd. has significantly declined in the first three quarters of 2025, with substantial decreases in revenue and net profit compared to the previous year [1][2]. Financial Performance - The company's revenue for the first three quarters of 2025 was 874 million yuan, a year-on-year decrease of 39.94% [1]. - The net profit attributable to shareholders was -267 million yuan, a year-on-year decline of 303.03% [1]. - The non-recurring net profit attributable to shareholders was -493 million yuan, down 536.96% year-on-year [1]. - Basic earnings per share were -0.36 yuan [1]. Profitability Metrics - The gross profit margin for the first three quarters of 2025 was 8.25%, a decrease of 10.67 percentage points year-on-year [2]. - The net profit margin was -30.58%, down 26.05 percentage points compared to the same period last year [2]. - In Q3 2025, the gross profit margin was -0.87%, a decline of 14.72 percentage points year-on-year and a decrease of 6.59 percentage points quarter-on-quarter [2]. - The net profit margin for Q3 2025 was -29.39%, down 18.93 percentage points year-on-year but up 17.79 percentage points from the previous quarter [2]. Expense Analysis - Total operating expenses for the period were 274 million yuan, a decrease of 52.91 million yuan year-on-year [2]. - The expense ratio was 31.39%, an increase of 8.90 percentage points compared to the same period last year [2]. - Sales expenses increased by 5.14% year-on-year, while management expenses decreased by 18.64%, R&D expenses decreased by 4.09%, and financial expenses decreased by 54.28% [2]. Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 80,700, a decrease of 8,414 shareholders or 9.44% from the end of the previous half [3]. - The average market value of shares held per shareholder increased from 53,800 yuan to 56,900 yuan, reflecting a growth of 5.76% [3]. Company Overview - Rifa Precision Machinery Co., Ltd. is located in Zhejiang Province and was established on December 28, 2000, with its listing date on December 10, 2010 [3]. - The company primarily engages in the development and service of digital intelligent machine tools, aerospace intelligent equipment, and smart manufacturing management systems, among other operations [3]. - The revenue composition includes 55.05% from digital intelligent machine tools, 40.72% from fixed-wing engineering and leasing, 2.34% from other sources, and 1.89% from aerospace intelligent equipment [3].