Zongshen Power issued a profit forecast, expecting the net profit attributable to the parent company for the first three quarters to be between 666 million yuan and 782 million yuan, a year-on-year increase of 70% to 100%
Zongshen Power expects the net profit attributable to shareholders for the first three quarters of 2025 to be between 665 million yuan and 782 million yuan, a year-on-year increase of 70% to 100%. The net profit after deducting non-recurring gains and losses is expected to be between 627 million yuan and 737 million yuan, with a growth rate also between 70% and 100%. The performance growth is mainly attributed to the expansion of the general machinery and motorcycle engine business, as well as the increase in income from investments in joint ventures
According to the Zhitong Finance APP, Zongshen Power (001696.SZ) disclosed its performance forecast for the first three quarters of 2025. The company expects a net profit attributable to shareholders of the listed company to be between 666 million yuan and 782 million yuan, a year-on-year increase of 70% to 100%; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses is expected to be between 627 million yuan and 737 million yuan, also a year-on-year increase of 70% to 100%.
During the reporting period, the growth in the scale of the general machinery business and motorcycle engine business, as well as the increase in income from investments in joint ventures, contributed to the overall year-on-year growth of the company's performance
