Ronbay Technology(SH:688005) Xi Niu Cai Jing·2025-10-24 05:14Core Viewpoint - Ningbo Ronbay New Energy Technology Co., Ltd. reported a significant decline in revenue and net profit for the first three quarters of 2025, primarily due to market uncertainties caused by geopolitical factors and intensified domestic competition [2][4]. Financial Performance Summary - For the first three quarters, the company achieved a revenue of 8.986 billion yuan, a year-on-year decrease of 20.64% [2]. - The net profit for the same period was -204 million yuan, representing a year-on-year decline of 274.96% [2]. - The net profit attributable to the parent company, excluding non-recurring gains and losses, was -221 million yuan, down 348.89% year-on-year [2]. - In the third quarter alone, revenue was 2.737 billion yuan, a decrease of 38.29% compared to the same quarter last year [3]. - The net profit attributable to the parent company for the third quarter was -135 million yuan, a decline of 227.45% year-on-year [3]. - The net profit excluding non-recurring gains and losses for the third quarter was -141 million yuan, down 252.93% year-on-year [3]. Operational Challenges - The decline in revenue and profit was attributed to market uncertainties stemming from geopolitical shocks, leading to reduced sales in the third quarter [4]. - Increased competition in the domestic market and changes in the international political and economic landscape contributed to the sales decline and idle production capacity, resulting in higher costs [4]. - The company's overall net profit margin decreased, and profitability did not meet expectations [4].