富吉瑞前三季度亏损4788.5万元，同比下降536.43%

Core Insights - The company reported a significant decline in revenue and net profit for Q3 2025, with revenue at 37.63 million yuan, down 46.14% year-on-year, and a net loss of 27.97 million yuan, a decrease of 2171.83% [2][3] - For the first three quarters of 2025, the company achieved revenue of 153 million yuan, a decline of 33.73%, and a net loss of 47.89 million yuan, down 536.43% [2][3] Financial Performance - Q3 2025 revenue was 37.63 million yuan, a decrease of 46.14% compared to the same period last year [3] - The total profit for Q3 2025 was -27.62 million yuan, reflecting a decline of 2437.51% year-on-year [3] - The net profit attributable to shareholders was -27.97 million yuan, down 2171.83% year-on-year [3] - The net profit after excluding non-recurring gains and losses was -30.10 million yuan, a decrease of 4995.07% [3] - Cash flow from operating activities for the first three quarters was -73.97 million yuan, a significant drop of 502.08% [5] Research and Development - The company invested 20.84 million yuan in R&D during Q3 2025, which accounted for 55.38% of its revenue, an increase of 40.03 percentage points [4] - Total assets at the end of the reporting period were approximately 733.74 million yuan, a slight decrease of 0.36% from the previous year [4] Strategic Initiatives - The company plans to use 99.4 million yuan of surplus raised funds to increase capital in its subsidiary Chengdu Shilangrui for the development and industrialization of a cooling infrared detector project, expected to be operational by November 2028 [5] - This project aims to enhance the company's supply chain and increase product value [5]