On October 29, JOYSON ELEC (600699.SH) released its Q3 2025 financial report, revealing a significant improvement in profitability. The company's gross margin rose by approximately 2.7 percentage points year-over-year to 18.3% for the first three quarters, marking a five-year high.

In terms of business expansion, the third quarter saw rapid growth in new orders, with a single-quarter total lifecycle value of approximately 40.2 billion yuan. Cumulatively, the company secured 71.4 billion yuan in new orders for the first nine months, including 39.6 billion yuan from automotive safety systems and 31.8 billion yuan from automotive electronics.

Customer diversification also contributed to growth, with increasing order shares from leading domestic brands and new energy vehicle manufacturers driving momentum.

Financially, JOYSON ELEC reported Q3 revenue of 15.497 billion yuan, up 10.25% year-over-year, while cumulative revenue for the first three quarters reached 45.844 billion yuan, reflecting an 11.45% increase. Net profit attributable to shareholders stood at approximately 1.12 billion yuan, growing 19.0% year-over-year.

Notably, Q3 net profit alone surged 35.4% year-over-year and 12.4% quarter-over-quarter to 410 million yuan, demonstrating sustained rapid profitability growth.