Zhi Tong Cai Jing·2025-11-07 07:13Core Viewpoint - Zhonglian Heavy Industry (01157) reported a revenue of 37.156 billion RMB for the first three quarters of 2025, representing a year-on-year growth of 8.1%, and a net profit attributable to shareholders of 3.92 billion RMB, up 24.9% year-on-year [1] Financial Performance - In Q3 2025, the company achieved a revenue of 12.301 billion RMB, which is a 24.9% increase compared to the same quarter last year, with a net profit attributable to shareholders of 1.156 billion RMB, reflecting a year-on-year growth of 35.8% [1] - The performance aligns with the expectations set by CICC [1] Earnings Forecast and Target Price - CICC maintains the earnings per share forecast for Zhonglian Heavy Industry at 0.58 RMB for 2025 and 0.73 RMB for 2026 [1] - Based on the upward adjustment of industry valuation, CICC raised the target prices for A-shares and H-shares by 17.5% and 31.9% respectively, with the A-share target price now set at 11 RMB and the H-share target price at 10 HKD [1] - The company maintains an "outperform" rating in the industry [1]