SHANTUI(SZ:000680) Xin Lang Cai Jing·2025-11-04 11:39Core Viewpoint - Shantui Construction Machinery Co., Ltd. has shown stable revenue growth and significant profit increase in Q3 2025, alongside ongoing stock buyback and H-share issuance preparations [3][4][5]. Group 1: Q3 Performance - In Q3 2025, the company achieved a revenue of 10.488 billion yuan, a year-on-year increase of 2.36% [3] - The net profit attributable to shareholders was 838 million yuan, reflecting a year-on-year growth of 15.67% [3] - The net profit after deducting non-recurring gains and losses was 823 million yuan, with a year-on-year increase of 24.40% [3] - Basic earnings per share were 0.5595 yuan, up 15.84% year-on-year [3] Group 2: Stock Buyback Progress - As of October 31, 2025, the company has repurchased 10,762,650 shares, accounting for 0.72% of the total share capital [4] - The repurchase price ranged from 8.64 yuan to 9.74 yuan per share [4] - The company plans to continue the buyback based on market conditions and will fulfill information disclosure obligations [4] Group 3: H-Share Issuance Project - The company is progressing with its H-share issuance and listing on the Hong Kong Stock Exchange [5] - Key milestones include receiving approval from the controlling shareholder on August 14, 2025, and submitting the IPO application to the Hong Kong Stock Exchange on August 28, 2025 [5] - The company has responded to supplementary material requests from the China Securities Regulatory Commission and is preparing responses to inquiries from the Hong Kong Stock Exchange [5] Group 4: On-Site Visit - The research team conducted an on-site visit to the company's exhibition hall and main engine factory, gaining insights into the product matrix and application scenarios [6] - The visit provided a comprehensive understanding of the company's operational performance, capital operations, and strategic planning [6]