Zhejiang Jingsheng Mechanical & Electrical reports Q3 financials, amends charters

Zhejiang Jingsheng Mechanical & Electrical Co., Ltd. announced its Q3 2025 financial results, with total operating revenue for the nine months ending September 30, 2025, at 8.27 bn yuan, a decrease of 42.86% year-over-year. Net profit attributable to shareholders decreased by 69.56% to 901.10m yuan. Basic earnings per share stood at 0.69 yuan, a 69.47% decline. Total assets also saw a decrease of 10.18% to 28.34 bn yuan compared to the end of the previous year, while owners' equity attributable to the parent company increased by 4.98% to 17.45 bn yuan.

The company also announced board approval for amendments to its "Articles of Association," "Shareholders Meeting Rules," and "Board Meeting Rules," all of which will be submitted for shareholder consideration. These amendments, approved during the Fifth Board of Directors' Twenty-Third Meeting on October 24, 2025, reflect updates to corporate governance policies.

The changes to the Articles of Association include updates to the company’s registered capital to 130,953.3797m shares and modifications to shareholder rights concerning equity transfer restrictions for directors and senior management. Furthermore, the company detailed cash dividend policies linked to development stages and capital expenditure plans.