Himile reports strong Q3 profit and revenue growth, launches employee stock plan

Shandong Himile Mechanical Science & Technology reported a 26.21% increase in net profit attributable to shareholders, reaching 1.79 billion yuan for the first nine months of 2025. This growth was accompanied by a 26.88% rise in operating revenue to 8.08 billion yuan over the same period. The company’s total assets grew by 17.64% to 13.74 billion yuan compared to the previous year-end.

In parallel with its financial performance, the company is implementing a 2025 employee stock ownership plan, approved by the board on October 13, 2025, pending shareholder approval. This plan involves the acquisition of up to 1,441,200 shares from the company’s buyback account, representing 0.1802% of the total share capital, at a price of 30 yuan per share. The plan's duration is 36 months, with a 24-month lock-up period.

Furthermore, the board approved a foreign exchange hedging strategy on October 24, 2025, to mitigate currency fluctuation risks. This initiative, valid from November 1, 2025, to October 31, 2026, will involve various derivative instruments, including forward foreign exchange, swaps, and options, with a total notional value not exceeding 2 billion yuan or equivalent in foreign currencies.