TUNA(SH:603177) Shang Hai Zheng Quan Bao·2025-10-31 08:21Core Viewpoint - The company reported a significant increase in revenue but a substantial decline in net profit for the third quarter, primarily due to foreign exchange losses and the impact of non-recurring expenses from the previous year [2][6]. Financial Performance - Revenue for the reporting period increased by 17.48% compared to the same period last year, attributed to the execution of existing orders and increased revenue recognition [2]. - Net profit attributable to shareholders decreased by 45.88% year-on-year, with a net loss of 4.32 million yuan, largely due to foreign exchange losses of 7.17 million yuan [2][6]. - The net cash flow from operating activities fell by 200.69% compared to the previous year, driven by increased payments for bank guarantees and higher costs associated with order execution [2]. Corporate Governance Changes - The company announced the cancellation of its supervisory board and the revision of its articles of association to enhance governance and compliance with legal requirements [6][8]. - The responsibilities of the supervisory board will be transferred to the audit committee of the board of directors [6][7]. - The revised articles of association will remove references to the supervisory board and update governance structures in accordance with regulatory standards [8][9]. Upcoming Approvals - The proposed changes to the articles of association and governance systems will require approval from the company's shareholders at the upcoming general meeting [9][10].