Core Viewpoint - The company reported continuous growth in Q3 2025, with a significant increase in net profit margin [2] Financial Performance - In the first three quarters of 2025, the company achieved operating revenue of 235 million, a year-over-year increase of 42.78%, and a net profit attributable to shareholders of 32 million, a year-over-year increase of 133.25% [1] - For Q3 2025, the company reported operating revenue and net profit attributable to shareholders of 7.4 million and 0.9 million respectively, with year-over-year increases of 26.73% and 47.82% [2] - The gross margin and net margin for the first three quarters of 2025 were 41.78% and 14.91%, with changes of -2.43 and +11.93 percentage points respectively [2] - The overall period expense ratio significantly decreased, indicating effective cost control [2] Business Development - The company is positioned to benefit from the rapid development of the robotics industry, being a leading domestic enterprise in balancing machines [2] - The company has undertaken its first hollow cup motor rotor production line and is actively developing balancing equipment, straightening equipment, and automated production lines for micro-motors [2] - The company's intelligent listening technology has entered the industrialization phase, having won a bid for a specific model's underwater acoustic signal intelligent processing system project [2] Investment Outlook - The company is expected to continue benefiting from the humanoid robot market and deep-sea sector development [3] - Projected net profits attributable to shareholders for 2025-2027 are 48 million, 90 million, and 148 million respectively, with corresponding EPS of 0.43, 0.81, and 1.33 [3] - The price-to-earnings ratios for the same period are projected to be 85.01, 45.17, and 27.47 [3]

Core Insights - The company has successfully established partnerships with robot component manufacturers for its developed products, including hollow cup motor rotor balancing machines and laser radar testing machines [1] Group 1 - The company has developed several key products, such as hollow cup motor rotor balancing machines, reducer rotor balancing machines, planetary roller screw balancing machines, and laser radar testing machines [1] - The company has secured its first production line for hollow cup motor rotors [1]