Jihua Group(SH:601718) Sou Hu Cai Jing·2025-11-02 02:01Core Viewpoint - Jihua Group (601718) has experienced significant declines in revenue and profit for the first three quarters of 2025, attributed to reduced orders from key clients and the lack of incremental revenue from new products [3][4]. Shareholder Changes - As of September 30, 2025, Jihua Group had 184,236 shareholders, an increase of 51,400 (38.7%) from June 30, 2025. The average number of shares held per shareholder decreased from 33,100 to 23,800, with an average holding value of 84,100 yuan [2][5]. Performance Disclosure - For the first three quarters of 2025, Jihua Group reported revenue of 4.514 billion yuan, a year-on-year decrease of 37.68%. The net profit attributable to shareholders was -186 million yuan, down 320.5% year-on-year. The net profit excluding non-recurring items was -275 million yuan, a decline of 459.8%. In Q3 alone, revenue was 1.307 billion yuan, down 35.94%, with a net profit of -107 million yuan, a decrease of 321.06%. The net cash flow from operating activities was -375 million yuan, with a debt-to-asset ratio of 39.36% and a gross margin of 13.34% [3][4][5]. Company Announcements - Jihua Group disclosed its Q3 2025 report, highlighting significant declines in revenue and profit due to reduced orders and lack of new product revenue. The company received a notice from the China Securities Regulatory Commission on August 8, 2025, regarding an investigation, the details of which have not been disclosed. The board approved several resolutions, including the Q3 report and the pre-listing transfer of subsidiary equity and related debts, with unanimous votes [4][5].