前三季营收净利创新高 长江商报消息 ●长江商报记者 杨蝶 国内风电轴承龙头新强联（300850.SZ）业绩大幅回暖。 10月21日晚间，新强联发布业绩报告称，2025年前三季度，公司实现营业收入36.18亿元，同比增长 84.1%；归属于上市公司股东的净利润（以下简称"净利润"）6.64亿元，同比增长1939.5%，上年同期亏 损3609万元。 长江商报记者注意到，这份最新的三季报为新强联上市以来最好同期业绩，营收和净利润均创其同期历 史新高。 新强联将业绩增长主要归因于两点：一是受益于风电行业需求回暖，风电装机需求持续释放；二是公司 产能利用率维持在较高水平，产品毛利率稳步提高。 新强联凭借较强的技术优势赢得市场认可，在手订单充足，期末公司合同负债为769.5万元，同比增长 13.19%。 在2025年半年报中，新强联介绍，公司在技术研发领域持续投入，自主研发的无软带感应淬火技术突破 了外资品牌的技术垄断，相比传统工艺在效率提升和成本控制方面具备显著优势，使产品在市场竞争中 更具性价比。 2021年至2024年，新强联研发费用分别为1.06亿元、1.29亿元、1.4亿元和1.15亿元，连续四年超过亿元 大关 ...

Core Viewpoint - Luoyang Xinqianglian Slewing Bearing Co., Ltd. reported significant growth in revenue and net profit for the first half of 2025, indicating strong performance in the bearing manufacturing industry, particularly in wind power and construction machinery sectors [2][3]. Company Overview and Financial Indicators - The company operates in the general equipment manufacturing industry, specifically in the production of bearings, gears, and transmission components [3]. - The stock code is 300850, and it is listed on the Shenzhen Stock Exchange [2]. - The company reported a revenue of approximately 2.21 billion yuan for the first half of 2025, a 108.98% increase compared to the same period in 2024 [2]. - The net profit attributable to shareholders reached approximately 335.16 million yuan, marking a 2,200.56% increase year-on-year [2]. - The total assets at the end of the reporting period were approximately 11.21 billion yuan, a 12.07% increase from the previous year [2]. Industry Development - The bearing manufacturing industry in China is large but still lags in high-end, large-scale, and high-value-added products compared to global leaders [3]. - The wind power bearing sector has seen significant changes, with domestic companies narrowing the gap with international firms due to policy support and market demand [3]. - The domestic market for shield tunneling machine bearings is growing, driven by increased infrastructure investment and technological advancements [3][8]. Main Business and Products - The company’s main products include wind power main shaft bearings, yaw bearings, pitch bearings, and various types of bearings for construction machinery and marine equipment [3][6]. - The company has established a strong market position in the wind power and marine equipment sectors, with products meeting international standards [6][8]. Competitive Advantages - The company has a stable and high-quality customer base, including major manufacturers in the wind power and construction machinery sectors, ensuring a steady flow of orders [10]. - Continuous investment in research and development has led to technological breakthroughs, enhancing product competitiveness and market share [9][13]. - The company has a robust supply chain and production model, allowing for efficient procurement and production processes [5][9]. Financial Performance Analysis - The company’s operating costs increased to approximately 1.58 billion yuan, reflecting a 75.70% rise due to higher sales volume [16]. - Research and development expenses rose by 79.57% to approximately 112.05 million yuan, indicating a commitment to innovation [16]. - The company’s gross profit margin improved, driven by increased sales of high-value products [16].