NHPM(SH:601882) Xin Lang Cai Jing·2025-10-30 13:49Core Viewpoint - Haitai Precision Machinery is a leading enterprise in the high-end CNC machine tool sector in China, with a focus on R&D, production, and sales of high-end CNC machine tools, showcasing differentiated advantages in technology and the entire industry chain [1] Group 1: Business Performance - In Q3 2025, Haitai Precision Machinery achieved a revenue of 2.521 billion yuan, ranking 3rd in the industry, surpassing the industry average of 1.108 billion yuan and the median of 809 million yuan [2] - The main business composition includes machine tool sales of 1.635 billion yuan, accounting for 98.29% of total revenue, while parts and others contributed 23.76 million yuan (1.43%) and other revenues contributed 4.6177 million yuan (0.28%) [2] - The net profit for the same period was 338 million yuan, ranking 1st in the industry, exceeding the industry average of 63.57 million yuan and the median of 47.78 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, the asset-liability ratio of Haitai Precision Machinery was 44.53%, lower than the previous year's 45.98% and below the industry average of 45.02%, indicating lower debt pressure [3] - The gross profit margin for Q3 2025 was 25.98%, down from 28.03% in the previous year and below the industry average of 27.38%, suggesting a need for improvement in profitability [3] Group 3: Management and Shareholder Information - The total compensation for General Manager Wang Huanwei was 1.701 million yuan in 2024, an increase of 196,600 yuan from 2023 [4] - As of September 30, 2025, the number of A-share shareholders increased by 4.38% to 25,800, while the average number of circulating A-shares held per shareholder decreased by 4.20% to 20,200 [5] - Hong Kong Central Clearing Limited is the seventh-largest circulating shareholder, holding 2.9088 million shares as a new shareholder [5] Group 4: Future Outlook - Haitai Precision Machinery is expected to see revenues of 3.492 billion yuan, 3.743 billion yuan, and 4.038 billion yuan from 2025 to 2027, with net profits projected at 536 million yuan, 594 million yuan, and 667 million yuan respectively [5] - The machine tool industry is undergoing a critical transformation, with market demand expected to continue recovering, and the company is focusing on consolidating its leading product advantages and expanding its product line [5]