Zhaowei Mechatronics reports Q3 profit growth despite cash flow dip

Shenzhen Zhaowei Machinery & Electronic Co. (003021) announced its Q3 2025 results, reporting a 13.65% increase in operating revenue to CNY 468,619,861.13 compared to the same period last year. Net profit attributable to shareholders rose 4.01% to CNY 67,956,444.38, while net profit excluding non-recurring gains and losses grew by 13.98% to CNY 63,532,844.60. However, the company's operating cash flow decreased by 35.55% to CNY 102,236,472.07 for the first nine months of 2025.

The company's total assets increased by 2.78% to CNY 4,236,374,601.49 at the end of Q3 2025, with owners' equity attributable to the parent company growing by 5.60% to CNY 3,406,966,620.88. Key balance sheet changes include a 34.01% increase in notes receivable to CNY 40,366,661.85 and a significant 420.99% rise in accounts receivable financing to CNY 107,303,879.76, primarily due to an increase in bank acceptance bills.

Notably, Zhaowei Mechatronics's other equity instrument investments rose by 108.93% to CNY 35,559,977.51, reflecting increased external investments. Construction in progress also surged by 171.06% to CNY 48,826,956.15, mainly due to a renovation project in Suzhou Industrial Park. These figures reflect a period of investment and operational growth for the company.