Zhenhua Heavy Industries' Q3 net profit surges 42% on reduced expenses

Shanghai Zhenhua Heavy Industries announced a net profit attributable to shareholders of RMB 179,439,030 for the third quarter of 2025, a substantial 41.99% increase year-on-year. Basic earnings per share for the quarter rose by 43.48% to RMB 0.033. For the first nine months of 2025, total operating income reached RMB 26,006,685,485, with net profit attributable to shareholders increasing by 21.02% to RMB 523,846,515. The company attributed the rise in profits primarily to reduced financial expenses.

In a related development, the company's board of directors approved the Q3 2025 report and resolved to hold its second extraordinary general meeting of 2025 on November 17, 2025, at 2:30 PM. The meeting will be held at the company's headquarters in Shanghai, with both on-site and online voting available. Key agenda items include the approval of the company’s 2025 half-year profit distribution plan and a capital reduction for its wholly-owned subsidiary, Xiong’an Zhenhua Co., Ltd., from RMB 100 million to RMB 15 million.

The board also approved revisions to the "Company's Total Wage Budget Management Measures" and an assessment report on the implementation of the 2024 strategic plan. These resolutions underscore the company's commitment to strategic adjustments and shareholder engagement.