股市必读：震有科技三季报 - 第三季度单季净利润同比下降95.39%

Core Viewpoint - Zhenyou Technology (688418) reported a significant decline in revenue and net profit for the first three quarters of 2025, indicating potential challenges in its business operations and financial health [2][4][5]. Financial Performance Summary - For the first three quarters of 2025, the company's main revenue was 5.09 billion yuan, a year-on-year decrease of 11.78% [2][4]. - The net profit attributable to shareholders was a loss of 471.85 million yuan, down 384.14% year-on-year [2][5]. - The net profit excluding non-recurring items was a loss of 617.65 million yuan, a staggering decline of 27,120.79% compared to the previous year [2][5]. - In Q3 2025 alone, the main revenue was 159 million yuan, down 21.08% year-on-year, with a net profit of 409,014.61 yuan, a decrease of 95.39% [2][4][5]. Cash Flow and Financial Ratios - The net cash flow from operating activities was -87 million yuan, indicating cash outflows [5][17]. - The company's debt ratio stood at 44.63%, reflecting its financial leverage [2][4]. - The gross profit margin was reported at 45.32% [2][4]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,051 [6]. - Major shareholders included Wu Minhua and Ningbo Zhenyou Enterprise Management Partnership, holding 16.70% and 14.99% of shares, respectively [7][8]. Stock Trading Information - On October 30, 2025, Zhenyou Technology's stock closed at 31.09 yuan, down 1.89%, with a turnover rate of 3.29% and a trading volume of 63,300 shares, amounting to a transaction value of 198 million yuan [1][2]. Recent Corporate Announcements - The company announced a planned transfer of 5% of its shares at a price of 22.13 yuan per share, which is yet to complete the transfer registration [4][11]. - Zhenyou Technology signed a framework agreement for a broadband network project in the Democratic Republic of Congo, with a total budget of 1.5 billion USD, although the project has not yet commenced [10].