CHERVON-AUTO(SH:603982) Zhong Guo Zheng Quan Bao·2025-10-31 06:48Core Insights - The company reported a total revenue of 1.93 billion yuan for the first three quarters of 2025, marking a year-on-year increase of 22.99% [1] - The net profit attributable to shareholders was a loss of 230 million yuan, which represents a reduction in loss by 150 million yuan compared to the previous year [1] - The net cash flow from operating activities was 157 million yuan, showing a positive turnaround from a negative cash flow of 213 million yuan in the same period last year [3] Revenue Performance - In the third quarter, the company achieved revenue exceeding 700 million yuan, specifically 711 million yuan, reflecting a year-on-year growth of 30.7% and a quarter-on-quarter increase of 15.2% [2] - For the period from January to September 2025, the revenue growth was driven by increased production for specific customer models, with the revenue from new energy vehicle components consistently accounting for over 60% of total revenue [2] - The company reported significant sales growth with major clients such as Huawei and Great Wall Motors, contributing to the overall revenue increase [2] Financial Health - The company has shown improvement in cash flow, maintaining positive cash flow for two consecutive quarters, with a net cash flow of 157 million yuan for the first three quarters [3] - A private placement completed on October 8 raised 200 million yuan, which will be used for the second phase of the new energy production line in Ma'anshan and to supplement working capital, indicating strong confidence from the major shareholder [3] - The company's debt-to-asset ratio decreased from 68.2% at the beginning of the year to 54.7%, and the amount of interest-bearing debt due within one year was reduced by 440 million yuan [3]