Ningbo Huaxiang: Non-Net Profit After Deduction Increased by 63.89% Year-on-Year in the First Three Quarters, Expanding into New Materials and Humanoid Robots

On the evening of October 28, Ningbo Huaxiang (002048.SZ) announced.Third Quarter ReportIn the first three quarters,The company achieved a revenue of 19.224 billion yuan, an increase of 5.88% year-on-year; the net profit attributable to shareholders of the company, excluding non-recurring items, was 1.071 billion yuan, an increase of 63.89% year-on-year.。

During the period, the company's performance growth logic was primarily based on the effects of cost reduction and efficiency improvement in the domestic market, with the gross profit margin further recovering against the backdrop of gradually implemented "anti-involution" measures.

The company's performance in the third quarter was particularly outstanding.In a single quarter, the net profit attributable to shareholders was 462 million yuan, representing a year-on-year increase of 149.27%; after deducting non-recurring gains and losses, the net profit attributable to shareholders reached 471 million yuan.The year-on-year surge was 163.06%. After overcoming the drag from its European operations in the first half of the year, the company's true performance was revealed, highlighting its strong growth resilience. Meanwhile, the company distributed a cash dividend of 381 million yuan during the period, demonstrating its robust cash flow and confidence in long-term growth.

On the basis of the steady recovery of the main businessNingbo Huaxiang, with its forward-looking strategic vision, decisively entered the two emerging tracks of humanoid robots and high-performance new materials, creating dual engines for future growth.

In the field of humanoid robotsThe company has a clear positioning and is making rapid progress. In June 2025, the company established the "Huaxiang Qiyuan" series of companies and quickly formed a core team led by industry experts. More importantly, the subsidiary Huaxiang Qiyuan undertakes the assembly and OEM of modules and bodies for the Zhiyuan Robotics Expedition series and has officially started delivering as planned. The company expects the delivery volume to reach 1,000 units in the second half of 2025.

This signifies that the company has successfully leveraged its large-scale production, precision manufacturing, and supply chain management capabilities accumulated in the automotive sector to the robotics arena, securing a favorable position in the development of the industry.