连续3年亏损，中海达三季报再告负

Core Viewpoint - The financial performance of Zhonghaidah has deteriorated significantly in the third quarter of 2025, with a notable decline in revenue and an increase in net losses compared to the same period last year [1][3]. Financial Performance Summary - The company's operating revenue for the third quarter was 683.38 million CNY, a year-on-year decrease of 7.5% [2]. - The net profit attributable to shareholders was a loss of 459.8 million CNY, worsening from a loss of 257.7 million CNY in the same period last year, representing a decline of 300.76% [2][3]. - The net profit after deducting non-recurring gains and losses was a loss of 782.7 million CNY, compared to a loss of 617.4 million CNY in the previous year, marking an increase in losses of 48.24% [2]. - The cash flow from operating activities showed a net outflow of 1.3 billion CNY, a significant decline of 207.78% year-on-year, primarily due to increased payments to suppliers [3]. Business Overview - Zhonghaidah specializes in the research, development, manufacturing, and sales of high-precision positioning technology-related hardware and software products [4]. - The company has reported net losses for three consecutive years, with figures of -1.1 billion CNY, -4.27 billion CNY, and -124.5 million CNY from 2022 to 2024 [4]. - In the first half of 2025, the company achieved total operating revenue of 493 million CNY, a year-on-year increase of 15.39%, but still reported a net loss of 236.9 million CNY [4]. Market Performance - As of October 24, the stock price of Zhonghaidah increased by 1.72%, closing at 9.44 CNY per share, with a market capitalization of 7.025 billion CNY [5].