LMC(SZ:002921) Shang Hai Zheng Quan Bao·2025-10-27 22:29Core Viewpoint - The company reported a mixed financial performance for the third quarter, with an increase in revenue but a decline in net profit after excluding non-recurring items, indicating challenges in market demand and operational costs [4][5]. Financial Performance Summary - The company achieved operating revenue of 856.21 million yuan, a year-on-year increase of 5.53% [4]. - The net profit attributable to shareholders was -11.48 million yuan, reflecting a year-on-year increase of 53.05% [4]. - The net profit after deducting non-recurring gains and losses was -27.08 million yuan, showing a year-on-year decrease of 7.08% [5]. - The net cash flow from operating activities was 68.19 million yuan, down 44.80% year-on-year [5]. Reasons for Performance Changes - The increase in net profit attributable to shareholders was primarily due to changes in the fair value of investment projects and investment income [5]. - The decline in net profit after excluding non-recurring items was mainly influenced by decreased revenue and profit from the U.S. operations due to lower market demand, as well as challenges in expanding operations in Vietnam [5]. - The decrease in net cash flow from operating activities was attributed to reduced export tax rebates, increased VAT payments, and higher accounts receivable due to changes in customer payment terms [5]. Company Strategy and Outlook - The company is actively responding to external market changes by optimizing internal management and implementing cost-reduction initiatives [5]. - Efforts are being made to develop new products and clients, enhancing core competitiveness and maintaining stable operational development [5].