Luoyang Xinqianglian Slewing Bearing Co Ltd – 2025 Third‑Quarter Performance and Strategic Developments
Company Profile
- Ticker: 300850 (Shenzhen Stock Exchange)
- Currency: CNY
- Market Capitalisation: 17.25 billion CNY
- Price‑to‑Earnings Ratio: 26.41
- Latest Closing Price (2025‑10‑19): 43.35 CNY
- 52‑Week Range: 16.81 CNY – 46.99 CNY
Luoyang Xinqianglian Slewing Bearing Co Ltd (hereafter “XQL”) is a manufacturer of slewing bearings and related equipment, headquartered in Luoyang, China.
Third‑Quarter 2025 Financial Highlights
| Metric | 2025 Q3 | YoY Change | Commentary |
|---|---|---|---|
| Operating Revenue | 36.18 billion CNY | +84.1 % | Driven by a 55.13 % rise in the July‑September period. |
| Net Profit attributable to shareholders | 6.64 billion CNY | +1,939.5 % | The company converted a prior‑year loss into profit, reflecting significant cost control and revenue growth. |
| Operating Cash Flow | 0.79 billion CNY | −79.36 % | Cash generation decreased despite revenue growth, indicating higher working‑capital requirements or investment outlays. |
| Basic Earnings per Share | 1.78 CNY | +1,880 % | Consistent with the profit surge. |
| Total Assets (as of 30 Sep) | 114.7 billion CNY | +14.66 % | Asset base expanded, likely due to capital investments or acquisitions. |
| Gross Margin | 25.73 billion CNY | +56.65 % | Operating costs rose proportionally to revenue, maintaining margin stability. |
| Operating Expenses | 3.11 billion CNY | +34.57 % | Expense growth aligns with revenue expansion. |
Key drivers of the performance include a strong domestic demand for precision bearings and an expanding overseas market, as confirmed by XQL’s investor‑relations briefing on 21 October.
Investor‑Relations Activity – 21 October
- XQL received inquiries from 187 institutional investors (QFII, insurance companies, fund managers, overseas entities, securities firms, and private‑equity groups).
- The briefing highlighted that overseas operations are steady and the company is actively pursuing international expansion through product certification and market entry strategies.
Shareholder Structure Changes
- Three new shareholders entered the top‑10 list, including Huixin Fund Management – Social Security Fund 17022 (holding 5.683 million shares, 1.89 % of circulation).
- Three shareholders exited the top‑10 list, such as Noan Pioneer Mixed A and Baoying Growth Select Mixed A.
- The holding pattern of Hong Kong Central Settlement Co. increased by 23 % in self‑held shares.
These changes reflect a dynamic institutional ownership profile, with significant participation from large asset‑management vehicles.
Financing and Liquidity
- On 17 October, XQL received a financing purchase of 86.28 million CNY, increasing its financing balance to 627 million CNY, representing 5 % of market‑value liquidity and surpassing the 90‑th percentile of historical levels.
- No significant short‑selling activity was recorded for the period, indicating limited speculative pressure on the share.
Strategic Outlook
XQL’s 2025 Q3 results demonstrate robust revenue growth and a turnaround in profitability. The company’s emphasis on internationalization, as evidenced by the extensive institutional engagement, positions it to capture demand in emerging markets. Continued monitoring of operating cash flow and capital expenditures will be essential to assess long‑term sustainability.
Summary
- Revenue and profitability surged in Q3, turning a loss into a multi‑billion‑CNY profit.
- Institutional activity increased, reflecting growing confidence among large investors.
- Financing inflows support liquidity but also increase debt exposure.
- Strategic focus on overseas certification and market expansion underpins the company’s growth trajectory.
These developments collectively suggest that XQL is progressing from a domestically focused manufacturer to a more globally oriented player, with financial performance supporting this transition.
