Beijing Jingcheng Machinery Electric (0187) reported operating income of RMB401.02 million for the third quarter of 2025, representing a 9.55% increase year-on-year. From January to September, operating income reached RMB1.08 billion, a 3.00% decrease year-on-year. The company registered a total loss before tax of RMB9.36 million for the first nine months, and net profit attributable to shareholders stood at negative RMB27.61 million for the same period. Management cited reduced export sales in its gas storage and transportation business, heightened R&D expenses, and international trade challenges as factors affecting profitability.
Total assets as of 30 September 2025 amounted to RMB3.33 billion, up 7.96% from the end of 2024. Owners’ equity attributable to shareholders decreased 28.80% to RMB771.91 million over the same period. Net cash outflow from operating activities stood at RMB8.68 million from January to September, in contrast with a net inflow of RMB81.28 million in the third quarter alone.
The company completed a repurchase and cancellation of 180,000 restricted A shares previously granted to five participants no longer eligible under its share incentive scheme. Additionally, a RMB290 million capital injection was introduced into wholly owned subsidiary Beijing Tianhai Hydrogen Energy Equipment Co., Ltd., leaving the company with a controlling stake despite a dilution in Tianhai Hydrogen’s equity structure.
Beijing Langhui Technology Co., Ltd., one of the creditors of subsidiary Beijing Tianhai Cryogenic Equipment Co., Ltd., filed a petition for the subsidiary’s liquidation, citing debts allegedly due and unpaid. As of the latest update, no ruling on the petition has been issued, and the situation remains uncertain. The company indicated that it will continue to monitor the proceedings and safeguard its interests.
The board reported no other major developments and emphasized that business operations will continue as usual. Investors are advised to follow official announcements for further updates.