United Rentals (NYSE:URI) Q3 2025 Earnings Call October 23, 2025 08:30 AM ET Speaker0Morning and welcome to the United Rentals Investor Conference Call. Please be advised this call is being recorded. Before we begin, please note that the company's press release, comments made on today's call and responses to your questions contain forward looking statements. The company's business and operations are subject to a variety of risks and uncertainties, many of which are beyond its control and consequently actual ...

Group 1 - The demand for rental drones is increasing as people opt for aerial photography during the upcoming National Day and Mid-Autumn Festival holidays, with most drones already rented out in a rental shop in Ningbo, Zhejiang [1] - Daily rental prices for drones range from 200 to 300 yuan, while the camera rental market is also thriving, with daily rental prices for digital cameras and accessories in Lanzhou, Gansu, ranging from 30 to 100 yuan [1] - A rental shop owner reported a surge in orders, with daily rentals exceeding 50 units, which is more than three times the usual volume [1] Group 2 - The robot rental business is gaining popularity, highlighted by the opening of the world's first robot 6S store in Shenzhen, Guangdong, which offers a "rent-to-own" model starting at 1,000 yuan for a one-day experience [1]

Company Overview - Macro信建发 is a subsidiary of Far East Horizon (03360.HK), focusing on equipment leasing and providing integrated solutions for the construction and industrial sectors [2] - Established in 2011, the company ranks 14th in the global rental company rankings (IRN100) and operates over 580 service points across China and overseas, serving more than 320,000 clients [2] - The company is headquartered in Tianjin and has four major operational bases in Shanghai and Guangzhou [2] Financial Performance - As of June 30, 2025, Macro信建发 reported total revenue of 4.35 billion RMB, a year-on-year decrease of 10.72% [1] - The net profit attributable to shareholders was 35.49 million RMB, down 86.77% year-on-year, with basic earnings per share of 0.01 RMB [3] - The gross profit margin stood at 21.62%, while the debt-to-asset ratio was 69.03% [1] Market Position and Valuation - Macro信建发's price-to-earnings (P/E) ratio is 5.29, ranking 18th in the industrial engineering sector, which has an average P/E ratio of 16.75 [1] - Other companies in the sector have varying P/E ratios, with China Aerospace Wanyuan (01185.HK) at 0.32, Yili Holdings (00076.HK) at 0.35, and others [1] Strategic Initiatives - The company emphasizes innovation and R&D, collaborating with leading equipment manufacturers and research institutions, holding hundreds of patents [2] - Macro信建发 aims to provide efficient equipment solutions throughout the lifecycle of construction projects, enhancing safety, efficiency, and cost-effectiveness [2]