China XD Electric adjusts related party transaction forecasts, reports strong Q3

China XD Electric reported a strong third quarter in 2025, with total operating revenue reaching 17.003 billion yuan for the first nine months, an 11.85% increase year-on-year. Net profit attributable to shareholders increased by 19.29% to 938.52 million yuan.

The company will convene its First Extraordinary General Meeting on November 7, 2025, to approve key proposals, including adjustments to its 2025 daily related party transaction forecasts and the forecast for 2026 daily related party transactions. Cumulative related party transactions as of September 30, 2025, amounted to 3.616 billion yuan, representing 54.80% of the original budget. The adjustment mainly addresses changes in the 2025 state-owned capital operating budget support program, which will be disbursed as entrusted loans.

The updated 2025 entrusted loan forecast has increased to 12 million yuan, while government subsidies for 2025 have been adjusted from 100 million yuan to 50 million yuan. For 2026, China XD Electric projects daily related party transactions totaling 667 million yuan, with an additional 20 million yuan for entrusted loans. These adjustments are expected to support the company’s business expansion and operational needs.