Landai Technology(SZ:002765) Xin Lang Cai Jing·2025-11-03 12:48Core Viewpoint - The company, Landai Technology, has shown continuous performance improvement in its financial results, driven by the growth in its automotive parts business and effective cost management. Financial Performance - In the first three quarters of 2025, Landai Technology achieved revenue of 2.79 billion yuan, a year-on-year increase of 6.6%, and a net profit attributable to shareholders of 170 million yuan, up 64.4% year-on-year; the non-recurring net profit was 140 million yuan, a year-on-year increase of 127% [1] - For Q3 2025, the revenue was 1.04 billion yuan, a year-on-year increase of 3.8% and a quarter-on-quarter increase of 10.6%; the net profit attributable to shareholders was 61 million yuan, up 69.4% year-on-year and 7.0% quarter-on-quarter [1] - The gross profit margin for the first three quarters was 16.7%, an increase of 3.4 percentage points year-on-year, while the net profit margin was 6.2%, up 2.2 percentage points year-on-year [2] Cost Management - The sales, management, and R&D expense ratios for the first three quarters of 2025 were 1.5%, 3.2%, and 3.9%, respectively, indicating stable cost control [2] - In Q3 2025, the expense ratios were 1.6% for sales, 2.9% for management, and 4.7% for R&D, showing a year-on-year decrease in sales and management expenses, while R&D expenses increased slightly [2] Business Expansion - The company is focusing on expanding its new energy business, which is increasingly contributing to its overall sales [2] - Landai Technology has established a subsidiary in Thailand to accelerate its overseas market expansion, marking a significant step in its international capacity layout [2] Robotics Business Development - The company is advancing its robotics business by investing in Wuxi Quanzhibo and collaborating on the development of integrated robotic joints and core components [3] - Leveraging its expertise in automotive transmission systems, the company aims to enhance its R&D capabilities and expand its customer base in the robotics sector [3]