Great Star sees strong Q3 earnings, boosted by acquisition

Hang Zhou Great Star Industrial reported strong financial results for the third quarter of 2025, with net profit attributable to shareholders increasing by 18.96% to 882,325,234.51 yuan. The company's board of directors approved the third-quarter report, highlighting a 0.65% rise in year-to-date operating revenue to 11,156,298,004.36 yuan and an 11.35% increase in year-to-date net profit attributable to shareholders, reaching 2,155,187,070.97 yuan.

The board also approved revisions to several internal policies, including those governing audit, nomination, remuneration, and strategy committees, as well as a new "Management System for Resignation of Directors and Senior Management Personnel." These updates aim to align with regulatory guidelines.

A key strategic move, previously approved by the board on July 14, 2025, involved the acquisition of an additional 18.4706% equity in Hangzhou Winap Technology Co., Ltd. for cash. This acquisition increased Great Star's stake in Winap Technology to 51%, making it a controlled subsidiary and contributing to the positive financial performance.