XD INVESTMENT(SZ:000900) Sou Hu Cai Jing·2025-10-30 22:48Core Viewpoint - Modern Investment (000900) reported a decline in total revenue for Q3 2025, while net profit showed a slight increase, indicating mixed financial performance amid rising short-term debt pressure [1][3]. Financial Performance - Total revenue for Q3 2025 was 15.37 billion yuan, a decrease of 39.33% year-on-year [1]. - Net profit for Q3 2025 was 1.35 billion yuan, down 9.34% year-on-year [1]. - For the entire reporting period, total revenue was 55.79 billion yuan, down 9.29% year-on-year, while net profit reached 4.33 billion yuan, an increase of 6.7% [1]. Profitability Metrics - Gross margin improved to 27.11%, up 6.43% year-on-year [1]. - Net margin increased to 10.18%, reflecting a year-on-year growth of 17.83% [1]. - Total expenses (selling, administrative, and financial) amounted to 8.98 billion yuan, accounting for 16.1% of revenue, a decrease of 5.01% year-on-year [1]. Cash Flow and Debt - Cash flow per share was reported at 1.82 yuan, an increase of 33.97% year-on-year [1]. - The company’s liquidity ratio was noted at 0.39, indicating rising short-term debt pressure [1][3]. - The company held 41.55 billion yuan in cash, representing a 1.03% increase year-on-year [1]. Shareholder Returns and Valuation - The company has a net asset value per share of 7.34 yuan, up 1.43% year-on-year [1]. - The company is encouraging share buybacks to enhance stock valuation [4].