Huafeng Test & Control reports strong Q3 growth, revamps governance

Beijing Huafeng Test & Control Technology reported strong financial results for the third quarter of 2025, with operating revenue of CNY939,315,871.52 and net profit attributable to shareholders of CNY386,924,067.95, reflecting an 81.57% increase year-on-year. Basic and diluted earnings per share also saw a substantial rise to CNY2.86. The company’s total assets reached CNY4,182,107,578.82, up 9.82% from the end of last year.

In parallel with its financial performance, the company announced major governance reforms. Effective from October 29, 2025, the supervisory board will be abolished, with its functions transferred to the audit committee of the board of directors. The board of directors will be expanded from six to eight members, including an increase in non-independent and employee directors, necessitating revisions to the company's articles of association.

The company also approved and revised several internal governance policies, including those related to financing management, investment decision-making, and related-party transactions, to align with the latest "Company Law" and regulatory requirements. These comprehensive changes aim to enhance corporate governance and protect shareholder interests.