MENDALE(SZ:002397) Mei Ri Jing Ji Xin Wen·2025-10-26 14:33Core Viewpoint - Mengjie Co., Ltd. reported its Q3 2025 financial results, showing a revenue increase of 9.76% year-on-year, while the first three quarters saw a revenue decline of 7.97% compared to the previous year [2][3]. Financial Performance - Q3 2025 revenue reached 366 million yuan, up 9.76% year-on-year [2][3]. - Q3 2025 net profit was 1.10 million yuan, reflecting a significant increase of 131.11% year-on-year [2][3]. - For the first three quarters of 2025, total revenue was 1.10 billion yuan, down 7.97% year-on-year, while net profit was 26.52 million yuan, up 28.69% year-on-year [2][3]. Board Meeting and Disputes - On October 23, 2025, Mengjie Co., Ltd. held a board meeting where board member Chen Jie voted against the Q3 report, citing concerns over the accuracy and completeness of the financial data [2][5]. - Chen Jie has consistently opposed multiple financial reports since joining the board in February 2023, totaling nine objections to date [5]. - The company responded to Chen Jie's concerns, stating that it is addressing the issues raised in the administrative regulatory measures and has initiated debt recovery actions against Ye Yifeng [5][6]. Debt Recovery Actions - Mengjie Co., Ltd. has taken steps to recover debts owed by Ye Yifeng, including signing a debt confirmation and repayment arrangement agreement [5][6]. - Legal proceedings have been initiated against Ye Yifeng for non-compliance with the repayment agreement, with the Quanzhou Arbitration Commission accepting the case [6][7]. Company Overview - Mengjie Co., Ltd. focuses on home textile products, including bedding, pillows, and related home goods, integrating research, production, promotion, and sales [5].