Chongqing Chuanyi Automation reports Q3 profit decline amid challenging market

Chongqing Chuanyi Automation reported a notable decline in its financial performance for the third quarter of 2025. The company's operating revenue decreased by 14.30% to 160,890.46 yuan, while total profit fell by 33.97% to 14,591.08 yuan. Net profit attributable to shareholders of listed companies also saw a 29.91% reduction, settling at 13,709.62 yuan. Year-to-date figures mirrored this trend, with operating revenue down 13.02% to 489,003.21 yuan and net profit attributable to shareholders decreasing by 17.28% to 46,165.40 yuan. Basic earnings per share for the quarter were 0.27 yuan, a 28.95% decrease.

The company attributed these declines to a complex macroeconomic environment, insufficient domestic demand, and intensified market competition, which impacted operating revenue and associated profits. The reduction in investment income from joint ventures and a decrease in stock prices also contributed to the fall in net profit. Despite these challenges, Chongqing Chuanyi Automation stated it is maintaining its strategic focus, capitalizing on market opportunities, and expanding into new sectors such as water conservancy, water affairs, and food.

In other developments, a change in controlling shareholder is anticipated, with Instrument & Meter (Chongqing) Co., Ltd. set to acquire a majority stake. This will shift the actual control from the Chongqing State-owned Assets Supervision and Administration Commission to China National Machinery Industry Corporation (Sinomach). This change is pending approval from the State-owned Assets Supervision and Administration Commission and confirmation from the Shanghai Stock Exchange.