Technology Advancements - Solidion Technology, Inc. achieved a significant technological milestone with a high-energy cylindrical cell that has an energy density of 305 Wh/kg, surpassing conventional lithium-ion batteries which typically range from 240-260 Wh/kg[224] - The company holds over 525 active patents globally, positioning it as a leader in silicon anode and solid-state battery technology[223] - Solidion's anode materials containing biochar-derived materials have achieved a capacity of over 340 mAh/g, contributing to the goal of net-zero greenhouse gas emissions by 2050[229] - Solidion is actively developing battery cells with capacities ranging from 4.6 to 5.5Ah, showcasing advancements in both silicon and graphite-based anodes[230] - The company is developing next-generation electrolytes, with plans to scale up production of these electrolyte-based cells by 2025, enhancing battery safety and performance[233] - The company is committed to advancing battery technology through continuous R&D efforts and expanding manufacturing capabilities to meet the increasing demand for electrified mobility[227] Financial Performance - For the three months ended September 30, 2025, net sales were $9,350,000, while net income (loss) was $(4,092,145), an improvement from $(6,636,679) in the same period of 2024[253] - Operating expenses decreased by $2,445,077 for the three months ended September 30, 2025, primarily due to lower selling, general and administrative expenses[254] - For the nine months ended September 30, 2025, net sales were $13,350,000, with a net loss of $(4,014,026), compared to a net loss of $(17,154,245) in the same period of 2024[256] - Other income increased by $15,919,913 for the nine months ended September 30, 2025, largely driven by a gain of $9,964,250 from changes in the fair value of derivative liabilities[259] - Cash used in operating activities for the nine months ended September 30, 2025, was $(3,607,781), an improvement from $(5,677,192) in the same period of 2024[260] - Operating expenses decreased by $4,216,256 for the nine months ended September 30, 2025, due to lower professional fees and administrative costs[258] - Interest expense for the nine months ended September 30, 2025, was $331,264, primarily related to short-term notes[259] - As of September 30, 2025, the company had an accumulated deficit of $112,891,883 and expects to continue incurring losses for at least the next twelve months[267] Capital and Funding - The company received net proceeds of $17,555 from the merger with Honeycomb Battery Company, which will be used to support its corporate growth strategy[235] - Solidion raised $3,850,000 in a private placement on March 13, 2024, to be used for working capital and general corporate purposes[237] - The company plans to allocate $13,806 generated in interest income earnings during fiscal year 2024 for Bitcoin purchases in fiscal year 2025 as part of its treasury strategy[226] - The company generated cash of $628,437 from financing activities for the nine months ended September 30, 2025, primarily from warrant exercises[264] - The company is engaged in discussions with financing counterparties to secure additional capital to meet business needs[266] Shareholder Information - Solidion's Series A and Series B warrants were reset to 442,834 shares and 114,992 shares respectively, following a reset period that ended on July 2, 2024[239]

Financial Results - Shoe Carnival, Inc. announced preliminary results for Q3 ended November 1, 2025, with results pending normal quarter-end accounting procedures[4] Company Name Change - The Company plans to change its name to Shoe Station Group, Inc., pending shareholder approval at the June 2026 Annual Meeting[6] Strategic Initiatives - The Company is implementing a rebanner strategy aimed at consolidating to one banner by the end of Fiscal 2028, which is expected to yield annual cost savings, operating efficiencies, and inventory reductions[6]

Financial Performance - Total revenue for Q3 2025 was $137,679, a decrease of 31.3% compared to $200,653 in Q3 2024[17] - Gross profit for Q3 2025 was negative $67,189, compared to a positive gross profit of $114,338 in Q3 2024[17] - Operating expenses increased to $4,488,506 in Q3 2025, up from $3,774,504 in Q3 2024, representing a 18.9% increase[17] - Net loss for Q3 2025 was $4,608,562, compared to a net loss of $8,077,304 in Q3 2024, showing a 42.3% improvement[17] - The company reported a net loss per common share of $1.19 for Q3 2025, compared to $7.86 for Q3 2024[17] - For the nine months ended September 30, 2025, Lottery.com Inc. reported a net loss of $11,731,597, compared to a net loss of $19,408,183 for the same period in 2024, indicating a reduction in losses[23] Assets and Liabilities - Total assets as of September 30, 2025, were $73,432,770, an increase from $52,942,271 as of December 31, 2024[16] - Total liabilities decreased slightly to $29,948,313 in Q3 2025 from $30,397,442 in Q4 2024[16] - The accumulated deficit increased to $275,435,350 as of September 30, 2025, from $263,468,728 at the end of 2024[16] Cash Flow - Cash increased significantly to $320,636 in Q3 2025 from $68,035 in Q4 2024[16] - Cash used in operating activities for the nine months ended September 30, 2025, was $(6,391,548), a significant decrease from the net cash provided of $952,753 in 2024[23] - Total cash and restricted cash at the end of the period was $320,636, compared to $60,465 at the beginning of the year[23] - The net cash provided by financing activities was $8,806,353, contrasting with a net cash outflow of $(31,560) in 2024[23] Stock and Equity - The company executed a 1-for-10 reverse stock split on August 28, 2025, affecting all outstanding shares and equity awards[139] - As of September 30, 2025, there were 4,391,123 shares of common stock outstanding, an increase from 1,832,685 shares as of December 31, 2024[144] - The company has authorized the issuance of 1,000,000 shares of preferred stock, but none were issued as of September 30, 2025[142] - The company did not issue any new stock options during the quarter ended September 30, 2025, maintaining 101,857 outstanding options[157] Acquisitions and Investments - The Company completed the acquisition of Global Gaming Enterprises, Inc. for a total purchase price of $10,989,691, which included cash of $10,530,000 and 687,439 shares of common stock valued at $0.67 per share[95][98] - The acquisition of Global Gaming provided the Company with an 80% ownership interest in entities licensed to operate lottery games in Mexico, with goodwill recognized primarily due to anticipated growth in the Mexican lottery market[95][98] - The Company acquired S&MI Ltd. for $1,000,000 in restricted stock units, with the total consideration transferred after net assets and assumption of long-term debt being approximately $440,000[101][104] - The Company signed a Letter of Intent to acquire a 51% controlling stake in Racing Women Limited at a valuation of $1 million[173] Future Outlook and Concerns - The company anticipates additional operating losses for the next twelve months, raising substantial doubt about its ability to continue as a going concern[39] - The Company is currently evaluating the impact of the new FASB guidance on segment reporting, effective for fiscal years beginning after December 15, 2023[88] Revenue Recognition and Expenses - The Company recognizes revenues when persuasive evidence of a contract exists, performance obligations are identifiable, and the transaction price is determinable[64] - Lottery game revenue is recognized at the time the digital representation of the lottery game is delivered to the user, with no variable consideration involved[65] - Cost of revenue for lottery operations includes variable costs such as procurement costs and payment processing fees[72] Legal and Compliance - The Company regained full compliance with Nasdaq listing requirements on October 16, 2025, resolving a shareholder-approval deficiency[176] - The Company has not recorded any liabilities for indemnification agreements as of September 30, 2025[162] - The Company has not incurred material costs related to legal proceedings deemed materially detrimental as of September 30, 2025[166]

Financial Performance - Total revenues for Q3 2025 were $26.4 million, a 14% increase year-over-year from $23.2 million in Q3 2024[5] - GAAP operating income was $2.2 million, compared to a loss of $0.2 million in Q3 2024[6] - Non-GAAP operating income increased to $3.7 million from $1.1 million in Q3 2024[8] - Net income on a GAAP basis was $2.8 million, or $0.07 per diluted share, improving from a net loss of $0.2 million, or $0.01 per basic share, in Q3 2024[8] - GAAP net income for Q3 2025 was $2,824,000, compared to a loss of $244,000 in Q3 2024, representing a significant turnaround[23] - Non-GAAP net income for Q3 2025 was $4,579,000, up from $1,261,000 in Q3 2024, indicating a year-over-year increase of 264%[23] - Net income for Q3 2025 was $2.824 million, a significant improvement from a net loss of $244 million in Q3 2024[29] Revenue Breakdown - SECaaS represented 28% of overall revenue, with SECaaS ARR reaching $27.6 million, up 60% year-over-year[6] - Total revenues for Q3 2025 reached $26.4 million, with a geographic breakdown showing 31% from the Americas, 49% from EMEA, and 20% from Asia Pacific[31] - SECaaS (Security as a Service) revenues in Q3 2025 were $7.3 million, up from $6.4 million in Q2 2025[31] - The top 10 customers accounted for 60% of total revenues in Q3 2025, compared to 47% in FY 2023[31] Guidance and Future Outlook - The company raised its full year 2025 revenue guidance to between $100 million and $103 million[4] Profitability and Margins - Gross profit on a GAAP basis was $18.9 million, with a gross margin of 71.4%, up from $16.4 million and 70.4% in Q3 2024[5] - GAAP gross profit for Q3 2025 was $18,866,000, a 15% increase from $16,364,000 in Q3 2024[23] - Non-GAAP gross profit for the nine months ended September 30, 2025, was $53,014,000, compared to $47,724,000 in the same period of 2024, showing an increase of 11%[23] Cash Flow and Liquidity - Operating cash flow for the quarter was $4.0 million, with total cash at $81 million, an increase of $22 million from $59 million at the end of 2024[10] - Cash flows from operating activities provided $4.041 million in Q3 2025, compared to $1.883 million in Q3 2024[29] - Cash and cash equivalents rose to $24,232,000 in Q3 2025, up from $16,142,000 in Q4 2024, marking a 50% increase[27] - Cash and cash equivalents at the end of Q3 2025 were $24.232 million, down from $28.226 million at the end of Q3 2024[29] Assets and Liabilities - Total current assets increased to $127,516,000 as of September 30, 2025, compared to $90,176,000 at the end of 2024, reflecting a growth of 41%[27] - Total liabilities decreased to $62,195,000 as of September 30, 2025, down from $89,832,000 at the end of 2024, a reduction of 31%[27] - The company has no debt as of September 30, 2025[10] Expenses and Investments - Research and development costs, net, for Q3 2025 were $400,000, slightly down from $402,000 in Q3 2024, indicating stable investment in innovation[25] - The company reported a GAAP operating expense of $16,716,000 for Q3 2025, which is relatively stable compared to $16,581,000 in Q3 2024[23] - The company experienced a net cash used in investing activities of $11.369 million in Q3 2025, compared to a net cash provided of $10.462 million in Q3 2024[29] Shareholder Information - The weighted average number of shares used in computing GAAP diluted net income per share increased to 41,487,057 in Q3 2025 from 39,202,550 in Q3 2024[23] - Non-GAAP weighted average number of fully diluted shares increased to 44.6 million in Q3 2025 from 40.3 million in FY 2023[31]

Financial Performance - Total net revenues for Q3 2025 were RMB899.1 million (US$126.3 million), a decrease of 15.4% from RMB1,063.1 million in Q3 2024[4] - Gross profit increased by 90.9% year-over-year to RMB116.1 million (US$16.3 million), with a gross margin of 12.9%, up from 5.7% in the same period last year[15] - Income from operations reached RMB11.9 million (US$1.7 million), compared to a loss of RMB94.2 million in Q3 2024[17] - Net income grew 232.8% year-over-year to RMB11.3 million (US$1.6 million), up from RMB3.4 million in Q3 2024[18] - Adjusted net income (non-GAAP) was RMB23.1 million (US$3.3 million), compared to an adjusted net loss of RMB39.8 million in the same period last year[19] User Engagement - Average mobile MAUs decreased by 27.5% year-over-year to 30.5 million, down from 42.1 million in Q3 2024[13] - Livestreaming revenues fell by 30.6% to RMB522.1 million (US$73.3 million) due to a decline in paying users and average revenue per paying user[7] - Innovative business revenues increased by 21.2% to RMB377.0 million (US$53.0 million), driven by growth in the voice-based social networking service[8] Cash and Assets - Cash and cash equivalents as of September 30, 2025, were RMB2,221.6 million (US$312.1 million), down from RMB4,467.8 million as of December 31, 2024[21] - As of December 31, 2024, total assets amounted to RMB 5,446,333, an increase from RMB 3,106,417 as of September 30, 2025, representing a growth of approximately 75.4%[29] - Cash and cash equivalents stood at RMB 1,017,148 as of December 31, 2024, compared to RMB 1,551,938 as of September 30, 2025, showing a decrease of 34.4%[29] Expenses and Liabilities - Research and development expenses decreased by 37.8% to RMB26.9 million (US$3.8 million) from RMB43.2 million in Q3 2024, reflecting cost optimization efforts[16] - Total current liabilities increased to RMB 1,232,021 as of December 31, 2024, up from RMB 1,100,491 as of September 30, 2025, indicating a rise of approximately 11.9%[29] Shareholder Equity and Deficits - The company’s accumulated deficit as of December 31, 2024, was RMB (3,791,817), slightly improved from RMB (3,822,271) as of September 30, 2025[31] - Total shareholders' equity increased to RMB 4,210,089 as of December 31, 2024, from RMB 2,003,972 as of September 30, 2025, marking a growth of approximately 109.5%[31] Interest and Impairment - The company reported interest income of RMB 19,200 for the three months ended September 30, 2025, down from RMB 60,840 in the previous quarter, a decline of 68.3%[33] - The total impairment losses and fair value adjustments on investments for the nine months ended September 30, 2025, amounted to RMB 59,215 thousand, a significant increase from RMB 43,299 thousand in the same period of 2024[35] Adjusted Income and Losses - The company reported a significant increase in adjusted net loss income per ADS (non-GAAP) for the three months ended September 30, 2025, at RMB 0.77 (approximately US$ 0.11), compared to RMB 0.84 in the previous quarter[35] - The company experienced a net loss attributable to DouYu of RMB 30,454 thousand for the nine months ended September 30, 2025, compared to a net loss of RMB 133,718 thousand in the same period of 2024[35] - The company’s adjusted net loss income attributable to DouYu for the three months ended September 30, 2025, was RMB 23,141 thousand, reflecting a decrease from RMB 25,278 thousand in the previous quarter[35]

Financial Performance - Revenues for the nine months ended September 30, 2025, increased to €126,971 thousand, up 8.4% from €116,637 thousand in 2024[1] - Product sales rose to €119,397 thousand, a 6.9% increase compared to €112,475 thousand in the same period last year[1] - Operating loss for the period was €53,945 thousand, compared to an operating profit of €34,214 thousand in 2024[1] - Net loss for the period was €65,173 thousand, a significant decline from a profit of €24,740 thousand in the previous year[2] - Total comprehensive loss for the period amounted to €64,429 thousand, compared to a comprehensive income of €25,342 thousand in 2024[2] Cash and Assets - Cash and cash equivalents decreased to €143,462 thousand from €168,271 thousand at the beginning of the year[5] - Non-current assets decreased to €179,900 thousand from €201,020 thousand as of December 31, 2024[4] - Total equity as of September 30, 2025, was €150,477 thousand, down from €181,253 thousand at the end of 2024[4] - Current liabilities increased to €150,481 thousand from €114,580 thousand at the end of 2024[4] Research and Development - Research and development expenses rose to €59,729 thousand, up 23.0% from €48,567 thousand in the same period last year[1]

Exhibit 99.1 ZTO Reports Third Quarter 2025 Unaudited Financial Results Parcel Volume Increased 9.8% to 9.6 Billion Adjusted Net Income Grew 5.0% to RMB2.5 Billion SHANGHAI, Nov 20, 2025 /PRNewswire/ - ZTO Express (Cayman) Inc. (NYSE: ZTO and SEHK: 2057), a leading and fast- growing express delivery company in China ("ZTO" or the "Company"), today announced its unaudited financial results for the third quarter ended September 30, 2025. The Company grew parcel volume by 9.8% year over year while maintaining ...

Exhibit 99.1 Contact for Media and Investors: Email: ir@service.netease.com Tel: (+86) 571-8985-3378 NetEase Announces Third Quarter 2025 Unaudited Financial Results Hangzhou, China, November 20, 2025 - NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced its unaudited financial results for the third quarter ended September 30, 2025. Third Quarter 2025 Financial Highlights Third Quarter 2025 and Recent Operational Highlights ...

Financial Performance - Total revenue for the first quarter of fiscal 2026 was $2.5 billion, representing a year-over-year growth of 16% compared to $2.1 billion in the same period of fiscal 2025[92]. - Product revenue reached $434 million, accounting for 17.5% of total revenue, with a year-over-year growth of 23%[93]. - Subscription and support revenue grew to $2.0 billion, representing 82.5% of total revenue, with a year-over-year growth of 14%[93]. - Total revenue for the three months ended October 31, 2025, was $2,474 million, a 16% increase from $2,139 million in 2024[103]. - Product revenue increased by 23% to $434 million for the three months ended October 31, 2025, compared to $354 million in 2024[106]. - Subscription and support revenue rose by 14% to $2,040 million for the three months ended October 31, 2025, from $1,785 million in 2024[108]. - Gross profit for the three months ended October 31, 2025, was $1,836 million, with a gross margin of 74.2%, slightly up from 74.1% in 2024[116]. - Operating income for the three months ended October 31, 2025, was $309 million, representing 12.5% of total revenue, compared to 13.4% in 2024[103]. - Cash flow from operating activities was $1.771 billion, up from $1.510 billion year-over-year[99]. - Free cash flow (non-GAAP) for the quarter was $1.687 billion, compared to $1.466 billion in the same period last year[99]. Expenses and Costs - Cost of subscription and support revenue increased by 15% to $549 million for the three months ended October 31, 2025, from $479 million in 2024[114]. - Research and development expense increased to $528 million for the three months ended October 31, 2025, up 10% from $481 million in the same period in 2024, primarily due to increased personnel costs[120]. - Sales and marketing expense rose to $820 million for the three months ended October 31, 2025, a 14% increase from $720 million in the same period in 2024, driven by higher personnel costs[122]. - General and administrative expense surged to $179 million for the three months ended October 31, 2025, an 83% increase from $98 million in the same period in 2024, largely due to increased personnel costs and a partial release of litigation-related accrual[124]. - Interest expense decreased to $0 million for the three months ended October 31, 2025, down 100% from $1 million in the same period in 2024, due to the maturity of the 2025 Notes[126]. - Provision for income taxes rose to $78 million for the three months ended October 31, 2025, a 359% increase from $17 million in the same period in 2024, with an effective tax rate of 18.9%[130]. Cash and Investments - Total cash, cash equivalents, and investments reached $10.2 billion as of October 31, 2025, up from $8.5 billion on July 31, 2025[131]. - Cash provided by operating activities was $1.8 billion for the three months ended October 31, 2025, an increase of $261 million compared to the same period in 2024[141]. - The company has commitments to purchase products and services totaling $6.8 billion as of October 31, 2025[135]. Acquisitions and Future Plans - The company plans to acquire CyberArk Software Ltd., expected to close in the third quarter of fiscal 2026, enhancing its identity security capabilities[94]. - The acquisition of CyberArk is expected to close in the third quarter of fiscal 2026, with an equity value of approximately $25 billion[137]. Market and Economic Sensitivity - A hypothetical 100 basis point increase in interest rates would result in a $139 million decline in the fair market value of the investment portfolio[150]. - Conversely, a hypothetical 100 basis point decrease in interest rates would lead to a $142 million increase in the fair market value of the portfolio[150]. Other Financial Metrics - Next-Generation Security Annualized Recurring Revenue increased to $5.9 billion from $5.6 billion[99]. - Remaining performance obligations were reported at $15.5 billion, slightly down from $15.8 billion[99]. - Share-based compensation expense for the company is expected to be approximately $2.2 billion over a weighted-average period of 2.4 years[118]. - Other income, net increased to $103 million for the three months ended October 31, 2025, a 24% increase from $83 million in the same period in 2024, primarily due to higher interest income[128]. - The company has not made significant changes to its critical accounting estimates since the last report[147].

Financial Performance - Atkore achieved net sales of $2.9 billion in fiscal 2025, with organic volume growth for the third consecutive year[5] - Fourth-quarter net sales decreased to $752.0 million, down 4.6% from $788.3 million in the prior year, primarily due to lower average selling prices[6] - The company reported a net loss of $(54.4) million for the fourth quarter, compared to net income of $73.1 million in the prior year[6] - Adjusted EBITDA for the fourth quarter was $70.9 million, a decrease of 49.4% from $140.1 million in the prior year[11] - Full-year 2026 net sales are expected to be in the range of $3.0 - $3.1 billion, with adjusted EBITDA outlook of $340 - $360 million[6] - Gross profit for fiscal 2025 decreased by $401.7 million to $676.1 million, with a gross margin of 23.7% compared to 33.7% in fiscal 2024[18] - Adjusted net income per diluted share for fiscal 2025 was $6.05, down from $14.48 in fiscal 2024[20] - Electrical segment net sales decreased by 8.1% to $518.9 million in the fourth quarter, primarily due to decreased average selling prices[13] - Safety & Infrastructure segment net sales increased by 4.0% to $233.4 million in the fourth quarter, driven by higher volumes[15] - Net sales for the three months ended September 30, 2025, were $752,011,000, a decrease of 4.6% from $788,296,000 for the same period in 2024[39] - Gross profit for the three months ended September 30, 2025, was $147,826,000, resulting in a gross margin of 19.7%, down from 27.4% in the prior year[39] - Operating income for the three months ended September 30, 2025, was a loss of $56,759,000 compared to an income of $102,065,000 for the same period in 2024[39] - Net loss for the three months ended September 30, 2025, was $54,420,000, compared to a net income of $73,119,000 for the same period in 2024[39] - Adjusted EBITDA for the fiscal year ended September 30, 2025, was $386,394 thousand, down 49.9% from $771,713 thousand in 2024[48] - The Adjusted EBITDA Margin for the fiscal year ended September 30, 2025, was 13.6%, down from 24.1% in 2024[48] Cash Flow and Capital Expenditures - The company repurchased $100.0 million in outstanding shares and paid dividends totaling $44.2 million during fiscal 2025[22] - Free Cash Flow for the three months ended September 30, 2025, was $295,654 thousand, compared to $399,172 thousand in the same period of 2024, a decrease of 26.0%[44] - Capital expenditures for the three months ended September 30, 2025, were $(107,108) thousand, compared to $(149,861) thousand in the same period of 2024, a decrease of 28.5%[44] Assets and Liabilities - Total assets as of September 30, 2025, were $2,851,922,000, a decrease from $3,021,403,000 as of September 30, 2024[41] - Cash and cash equivalents increased to $506,699,000 as of September 30, 2025, compared to $351,385,000 in the previous year[41] - Total liabilities decreased to $1,453,581,000 as of September 30, 2025, from $1,481,503,000 as of September 30, 2024[41] - Total Debt as of September 30, 2025, was $760,532 thousand, slightly down from $764,838 thousand in 2024[56] - Net Debt decreased to $253,833 thousand as of September 30, 2025, from $413,453 thousand in 2024, a reduction of 38.6%[56] - Cash and cash equivalents at the end of the period increased to $506,699 thousand from $351,385 thousand in the previous year, an increase of 44.3%[56] Impairments and Adjustments - The company reported an asset impairment charge of $86,654,000 for the three months ended September 30, 2025[39] - Adjusted net income for the fiscal year ended September 30, 2025, was $205,754 thousand, down from $532,878 thousand in 2024, a decline of 61.4%[52] - Net income for the three months ended September 30, 2025, was $(54,420) thousand, a decrease from $73,119 thousand in the same period of 2024, representing a decline of 174.3%[47] - Adjusted EBITDA and Adjusted EBITDA Margin are used to evaluate business performance, but specific figures for these metrics were not disclosed in the provided content[32][35]