Dalian Huarui Heavy Industry reports strong Q3 growth, expands crankshaft capacity

Dalian Huarui Heavy Industry Group announced a robust third quarter for 2025, with operating income reaching 10.98 billion yuan, an 8.11% increase year-over-year. Net profit attributable to shareholders surged by 23.97% to 490 million yuan. The company also confirmed a 66.261 million yuan provision for asset impairment in Q3 2025, primarily for accounts receivable and contract assets, representing 13.31% of 2024 net profit.

The board also approved a 210.4 million yuan investment in expanding its large-scale marine crankshaft production capacity, with 30 million yuan allocated for civil construction and 180.4 million yuan for equipment. This aims to capitalize on market opportunities and enhance its position in the marine crankshaft sector. Additionally, Dalian Huarui Heavy Industry is authorized to use idle self-owned funds, up to 1.5 billion yuan, for short-term, low-risk wealth management products to optimize asset utilization.

Looking ahead, Dalian Huarui Heavy Industry will hold its third extraordinary general meeting on November 6, 2025, to discuss key matters including the reappointment of its auditor for 2025 financial statements and internal controls. The company is actively pursuing new initiatives to maintain its growth trajectory.