LHM(SZ:002535) Xin Lang Cai Jing·2025-10-30 10:38Core Points - Linzhou Heavy Machinery reported a decline in revenue and profit for the first three quarters of 2025, with total revenue at 1.17 billion yuan, down 11.62% year-on-year, and net profit attributable to shareholders at 71.25 million yuan, down 49.29% year-on-year [1][2] Financial Performance - Basic earnings per share for the reporting period were 0.09 yuan, with a weighted average return on equity of 10.59% [2] - The company's gross margin for the first three quarters was 21.14%, a decrease of 10.12 percentage points year-on-year, while the net margin was 6.13%, down 4.49 percentage points year-on-year [2] - In Q3 2025, the gross margin was 32.53%, a year-on-year decrease of 0.64 percentage points but an increase of 17.79% quarter-on-quarter; the net margin was 8.01%, down 1.95 percentage points year-on-year but up 2.66 percentage points quarter-on-quarter [2] Expense Management - Total operating expenses for the period were 176 million yuan, a decrease of 59.80 million yuan year-on-year, with an expense ratio of 15.09%, down 2.77 percentage points year-on-year [2] - Sales expenses decreased by 81.02%, management expenses decreased by 9.56%, R&D expenses decreased by 32.28%, and financial expenses decreased by 15.31% [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 56,400, an increase of 5,030 or 9.79% from the end of the previous half [2] - The average market value per shareholder decreased from 62,300 yuan at the end of the previous half to 56,700 yuan, a decline of 8.92% [2] Company Overview - Linzhou Heavy Machinery, established on May 8, 2002, and listed on January 11, 2011, is located in Linzhou, Henan Province [3] - The company's main business includes coal mining machinery, oil and gas energy technology services, and high-end intelligent equipment, with coal mining machinery accounting for 54.74% of revenue [3] - The company is classified under the mechanical equipment industry, specifically in specialized equipment for energy and heavy machinery [3]