Hanbell reports Q3 2025 results amid leadership change and revenue decline

Shanghai Hanbell Precise Machinery (SZSE:002158) reported its Q3 2025 results, revealing a 23.99% decline in revenue to 776,526,455.03 yuan and a 50.34% drop in net profit attributable to shareholders to 134,412,593.81 yuan compared to the same period last year. Year-to-date, revenue decreased by 20.70% to 2,265,364,071.14 yuan, with net profit down 45.69% to 391,772,361.23 yuan. Despite the profit decline, operating cash flow for the nine months increased by 29.05% to 605,705,190.51 yuan.

Concurrently, the company announced the resignation of non-independent director Ke Yongchang due to internal work adjustments. Mr. Ke will transition to a staff representative director position, with his appointment approved at the Workers' Representative Congress on October 23, 2025. This change maintains the board's composition in compliance with regulatory requirements.

In a separate filing, the company held its first extraordinary general meeting of 2025 on October 23, where shareholders approved revisions to the Articles of Association, Rules of Procedure for Shareholder Meetings, Rules of Procedure for Board Meetings, Independent Director System, Related Party Transaction Management System, Fundraising Management System, Financing and Guarantee Management Measures, Code of Conduct for Directors, Supervisors and Senior Management, and Securities Investment Management System.