XUELONG(SH:603949) Shang Hai Zheng Quan Bao·2025-11-18 19:03Core Viewpoint - The company Snow Dragon Group held a Q3 2025 earnings presentation on November 18, 2025, to discuss its significant profit growth and future strategies with investors [1][2]. Group 1: Earnings Performance - For the first nine months of 2025, the company's revenue increased by 17.93%, and the net profit attributable to shareholders, excluding non-recurring gains and losses, surged by 83.10%. In Q3 alone, this net profit saw a remarkable increase of 218.78% year-on-year [3]. - The profit growth was driven by two main factors: an increase in sales volume of core products, particularly the intelligent electronic control silicon oil clutch fan assembly, and ongoing internal management optimization, which improved operational efficiency and controlled production costs [3]. Group 2: Future Performance Outlook - The sustainability of the company's performance is supported by steady growth in core products, effective cost control through refined management, the completion of new production facilities, and ongoing advancements in new energy products [4]. - The company is optimistic about its annual performance, with expectations of continued growth in its core product lines and enhanced production capacity from new facilities [4]. Group 3: New Energy Business Developments - In the new energy commercial vehicle sector, the company is focusing on high and low-pressure electronic fans as key components for thermal management. Progress in trials with major manufacturers and the construction of new factories are expected to drive future growth [5]. - The company has a nearly complete production chain, which enhances product competitiveness through in-house production capabilities [5][6]. Group 4: Capacity and Order Management - The company is currently operating at a high capacity utilization rate. A new site in Ningbo Beilun is being developed for a key component innovation center and smart digital factory, which will alleviate existing capacity constraints and improve order response capabilities [7]. Group 5: Customer Acquisition - The company has successfully expanded its customer base, establishing strong partnerships with both domestic and international high-end clients, including major manufacturers like FAW Jiefang and Caterpillar. This broad customer coverage is expected to support long-term sustainable development [8].