Xin Lang Cai Jing·2025-11-07 05:39Core Viewpoint - The company reported a significant decline in net profit for the first three quarters, primarily due to increased fixed costs and higher R&D investments, despite a notable increase in cash flow from operating activities [1] Financial Performance - The net profit attributable to the parent company for the first three quarters was 251 million yuan, representing a year-on-year decrease of 56.52% [1] - Operating cash flow net amount increased by 129.58% year-on-year, attributed to normal business operations rather than changes in accounts receivable or advances [1] Operational Insights - The decline in net profit is linked to the new production line's capacity ramp-up phase, which incurs significant depreciation, power, and labor costs [1] - The company indicated that the completion of the acquisition of Huali Micro is expected by next year [1]