Dechang Nine-Month Sales Rise as Earnings Fall

Ningbo Dechang Electrical Machinery reported higher sales but lower profit for the first nine months of 2025. Its October 30 filing put revenue at CNY 3.288 billion, up 10.09%, and profit attributable to shareholders at CNY 161.96 million, down 46.29%.

The third quarter alone generated CNY 1.220 billion in sales, an increase of 8.54%. Attributable profit for those three months was CNY 51.23 million, down 45.76%. Separating the quarter from the cumulative result shows that sales were still growing as the earnings decline continued.

The company filing cited U.S. tariff policy, pressure on appliance pricing and reduced foreign-exchange gains among the factors affecting profitability. Operating cash flow for January–September fell sharply to approximately CNY 12.38 million, with the company also pointing to working-capital needs and supply-chain stocking.

Dechang's business includes appliances and motors, so the figures reflect its combined manufacturing operations. The report provides an earlier reference point for the first-half 2026 update. These are separate financial periods, and the nine-month sales total should not be compared directly with a six-month total as if both represented the same trading window.