Zhejiang Jingsheng Mechanical & Electrical Co., Ltd. Class ASZSE: 300316

Zhejiang Jingsheng Mechanical & Electrical: Net profit dropped 44.93% on lower revenue and major asset impairments; R&D and overseas growth continued

· Issued by Zhejiang Jingsheng Mechanical & Electrical Co., Ltd. Class A

Revenue declined 2.26% to ¥17.58 billion, with net profit down 44.93% due to significant asset impairments and industry headwinds. Equipment sales grew, but materials revenue fell sharply; R&D investment remained strong. The company plans to focus on innovation, international expansion, and risk management in 2025.

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