Zhejiang Shibao reports strong Q3 2025 growth, revenue up 35%

Zhejiang Shibao Company Limited recorded total operating revenue of RMB2,461,803,297.02 for the nine months ended September 30, 2025, a 35.44% increase compared to the previous year. Net profit attributable to shareholders surged by 33.66% to RMB149,674,563.13, while net profit after non-recurring gains and losses rose by 22.90% to RMB128,799,130.48. This growth is attributed to the acceleration of electrification, intelligentization, and globalization trends in automobiles, as well as the increasing market share of China-brand passenger cars and the continuous growth in sales of electrified and intelligent steering system products.

The company's net cash flows from operating activities significantly increased by 4,082.45% to RMB191,968,801.70, primarily due to higher cash recovery from goods sold. Basic and diluted earnings per share for the period were RMB0.1819, representing a 31.81% increase. Total assets grew by 12.51% to RMB3,673,194,719.73, and net assets attributable to shareholders of the listed company increased by 5.16% to RMB2,043,396,352.45 as of September 30, 2025.