CAPITALONLINE(SZ:300846) Xin Lang Cai Jing·2025-10-23 12:22Core Insights - The company reported a revenue of 926 million yuan for the first three quarters of 2025, representing a year-on-year decline of 12.05% [1] - The net profit attributable to shareholders was -99.41 million yuan, an increase of 32.11% year-on-year [1] - The basic earnings per share stood at -0.20 yuan [2] Financial Performance - The gross margin for the first three quarters was 12.75%, up by 3.99 percentage points year-on-year [2] - The net margin was -9.96%, an improvement of 3.28 percentage points compared to the same period last year [2] - In Q3 2025, the gross margin was 11.91%, showing a year-on-year increase of 5.52% but a quarter-on-quarter decrease of 3.16% [2] - The net margin for Q3 was -9.01%, up 6.05% year-on-year but down 0.28 percentage points from the previous quarter [2] Expense Analysis - Total operating expenses for the period were 222 million yuan, a decrease of 4.87 million yuan year-on-year [2] - The expense ratio was 23.98%, an increase of 2.43 percentage points compared to the same period last year [2] - Sales expenses increased by 10.11% year-on-year, while management expenses decreased by 3.24%, and R&D expenses decreased by 11.99% [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 65,700, a decrease of 22,700 (25.68%) from the end of the previous half [2] - The average market value per shareholder increased from 110,400 yuan to 181,300 yuan, a growth of 64.21% [2] Company Overview - Beijing Capital Online Technology Co., Ltd. was established on July 13, 2005, and listed on July 1, 2020 [3] - The company specializes in high-performance IDC services and cloud services, with revenue composition of 49.89% from cloud hosting and related services, 45.83% from IDC services, and 4.28% from other income [3] - The company belongs to the computer-IT services sector and is involved in various concept sectors including AI training and autonomous driving [3]