Core Insights - Zhongke Jiangnan (301153) reported a revenue of 363.79 million yuan for the first three quarters of 2025, with a net profit attributable to shareholders of -67.13 million yuan, indicating a narrowing decline in revenue and profit quarter-on-quarter, particularly a 31.24% year-on-year growth in net profit in Q3, suggesting a potential turning point in performance [1] - The company has shown strong cost control capabilities, with both sales and management expenses decreasing compared to the same period last year [1] - As of the end of Q3 2025, contract liabilities increased by 43.89% from Q2 2025 and 67.37% year-on-year, indicating a recovery in industry demand and growth in orders [1] - The net cash flow from operating activities increased by 23.34% year-on-year, reflecting robust cash management and risk resistance capabilities [1] Business Developments - In traditional business payment digitization, Zhongke Jiangnan's nationwide electronic payment products continue to create business scenarios and development space by integrating product and demand [2] - In smart finance, the company has successfully won bids for several projects, including budget management software for Jiangxi Province and data classification projects for Guangxi, integrating AI into fiscal budget execution management [2] - The Ministry of Finance's promotion of electronic voucher accounting data standards has led Zhongke Jiangnan to assist in creating a digital foundation for integrated finance, tax, and business processes, enhancing service efficiency for agricultural enterprises [3] - In smart healthcare, the company has contributed to the national medical insurance wallet, with over 1.5 million insured individuals using the service and over 300,000 successful transfers, indicating significant engagement in the healthcare sector [3]
中科江南三季度盈利回暖，业绩拐点或已出现