RAYHOO MOTOR DIES(SZ:002997) 汽车琰究·2025-10-28 12:11Event Overview - The company released its Q3 2025 report, showing a revenue of 2.604 billion yuan for the first three quarters, a year-on-year increase of 50.90% [2] - The net profit attributable to shareholders reached 355 million yuan, up 40.53% year-on-year, while the net profit excluding non-recurring items was 342 million yuan, an increase of 48.65% [2] Q3 Performance Highlights - Q3 2025 revenue was 942 million yuan, reflecting a year-on-year growth of 55.72% and a quarter-on-quarter increase of 2.93% [3] - The company achieved a net profit of 128 million yuan in Q3, up 40.90% year-on-year but down 1.19% quarter-on-quarter [3] - The gross margin for Q3 was 25.99%, with a slight year-on-year increase of 1.45 percentage points and a quarter-on-quarter decrease of 0.36 percentage points [3] Business Development - The company established a wholly-owned subsidiary, Wuhu Ruixiang Intelligent Robot Co., Ltd., to accelerate its robotics layout, responding to local government policies promoting humanoid robots [4] - The automotive manufacturing equipment business continues to see growth in new orders, with an order backlog of 4.38 billion yuan as of H1 2025, a 13.59% increase from the end of the previous year [5] Future Projections - Revenue projections for 2025-2027 are estimated at 3.55 billion, 4.26 billion, and 5.12 billion yuan, respectively, with net profits of 480 million, 580 million, and 680 million yuan [6] - The company expects to benefit from the ramp-up of production capacity in its lightweight components business, which has entered mass production [5][6]