Ge Long Hui A P P·2025-11-10 07:04Core Viewpoint - The report from Huazhong Securities indicates that Jinbei Electric achieved a net profit attributable to shareholders of 464 million yuan in the first three quarters of 2025, representing a year-on-year increase of 8.73% [1] Financial Performance - In Q3 2025, the net profit attributable to shareholders reached 168 million yuan, showing a year-on-year growth of 11.05% [1] - The revenue from the electromagnetic wire business for the first three quarters of 2025 was 5.815 billion yuan, reflecting a year-on-year increase of 21% [1] Business Segments - Sales of electromagnetic wires for new energy vehicles increased by 54% year-on-year, with new models accelerating market penetration and enhancing market share [1] - In the emerging business sector, sales of electromagnetic wires for offshore wind power transformers and generators surged by 87% year-on-year, supporting multiple domestic and international offshore wind projects [1] International Expansion - The company is actively expanding its global market presence by taking production capacity overseas, with a signed purchase agreement for a factory in the Czech Republic, including land, and has obtained property rights [1] - Other preparatory work for international expansion is progressing according to plan [1] Investment Rating - The report maintains a "Buy" rating for the company [1]