Linzhou Heavy Machinery Group reports significant revenue and profit declines in Q3

Linzhou Heavy Machinery Group reported a substantial decrease in revenue and net profit for the third quarter of 2025. Total operating revenue for the nine months ended September 30, 2025, reached 1,169,619,911.67 yuan, an 11.62% decline compared to the previous year. Net profit attributable to shareholders for the same period was 71,248,852.27 yuan, representing a 49.29% decrease year-on-year. Basic earnings per share also fell by 49.29% to 0.0889 yuan.

The company's board of directors, at its twenty-sixth (interim) meeting on October 29, 2025, approved the "2025 Third Quarterly Report." The meeting was chaired by Ms. Han Luchen.

The decline in financial performance was attributed to various factors, including a 40.57% decrease in operating revenue for the third quarter and a 53.19% reduction in net profit attributable to shareholders. Changes in the balance sheet indicate a 464.23% increase in other current assets, primarily due to an increase in input tax credit, and a 136.86% increase in contract liabilities from increased customer prepayments.