CBGF(SZ:002478)2025-10-28 07:26Financial Performance - In the first three quarters of 2025, the company achieved a revenue of 4.284 billion CNY, a year-on-year increase of 1.40% [2] - The net profit attributable to shareholders was 392 million CNY, a year-on-year decrease of 4.60% [2] - The net profit excluding non-recurring items was 353 million CNY, a year-on-year increase of 0.80% [2] - The net operating cash flow was 249 million CNY, a year-on-year increase of 22.60% [2] - In Q3 2025, the revenue was 1.472 billion CNY, a year-on-year increase of 3.66% [3] - The net profit attributable to shareholders in Q3 was 138 million CNY, a year-on-year increase of 61.15% [3] Product Development and Market Strategy - The company focuses on value and brand management, enhancing the development of key, specialty, and new products [3] - In the oil and gas sector, the company is increasing efforts in non-API products and unconventional oil and gas extraction [4] - The boiler pipe market remains strong, with the company maintaining full capacity and a leading market share in HRSG products [5][6] - The variety pipe business covers multiple segments, with ongoing new product development and market expansion [7] Project Progress and Capital Expenditure - As of Q3 2025, the precision pipe and specialty material projects are progressing well, with several new products receiving orders [8] - The company has a cash balance of 3.059 billion CNY, indicating strong financial health and risk resistance [9] - Future capital expenditures will focus on production line upgrades and automation to respond flexibly to market demands [9] International Expansion and Strategic Planning - The company is committed to a global strategy, enhancing international market presence and brand recognition [11] - A production base has been established in Oman to improve service capabilities in the Middle East [11] - The company aims to adapt to external changes and seize overseas market opportunities [11] Corporate Philosophy and Transformation - The company adheres to long-termism and value management, focusing on building core competencies through niche branding [12] - The ongoing transformation emphasizes high-end, branded, and segmented product strategies to meet market demands [12]