Shang Hai Zheng Quan Bao·2025-10-22 18:17Core Viewpoint - The company reported a significant decline in net profit and cash flow for the third quarter of 2025, primarily due to decreased gross margins and increased financial expenses [5]. Financial Performance - The net profit attributable to shareholders decreased by 144.55% compared to the same period last year [5]. - The net cash flow from operating activities dropped by 546.32% year-on-year, mainly due to increased payments for land and project costs [5]. Corporate Governance - The company held its 25th meeting of the 8th Board of Directors on October 22, 2025, where the third-quarter report was approved unanimously [7][17]. - The company decided to abolish the supervisory board and have the audit committee of the board perform the supervisory functions as per the Company Law [22][9]. Shareholder Meeting - The company plans to hold its third extraordinary general meeting of shareholders on November 19, 2025, to discuss various proposals, including the amendments to the Articles of Association [25][26]. - The meeting will allow both on-site and online voting, with specific time slots for participation [27][28].