Hongfa Technology reports Q3 profit jump, approves new wealth management plan

Hongfa Technology Co., Ltd. announced the resolutions from the ninth meeting of its eleventh board of directors, held on October 30, 2025. The board reviewed and approved the company's 2025 third-quarter report and a proposal to utilize up to CNY 3 billion of idle self-owned funds for entrusted wealth management. Both resolutions received unanimous approval from all nine directors.

The company aims to enhance the efficiency of its idle funds and boost investment returns by engaging in low to medium-risk wealth management products from reputable financial institutions. The investment amount, not exceeding CNY 3 billion, can be rolled over within a 12-month period. This initiative is expected to increase shareholder returns while ensuring the company's daily operational cash flow remains unaffected.

The Q3 report details a net profit attributable to shareholders of CNY 505,618,471.63, an 18.95% increase year-on-year. For the first nine months of 2025, the company reported total operating revenue of CNY 12,914,117,640.41 and a net profit attributable to shareholders of CNY 1,469,778,583.07, reflecting an increase of 15.78% compared to the same period last year.