新劲刚：2025年前三季度公司新增订单（含正式合同及意向订单）同比实现大幅增长

Core Viewpoint - The company, Xin Jing Gang, reported significant growth in new orders for the first three quarters of 2025, despite facing delays in contract approvals and acceptance from downstream clients due to short-term industry adjustments [2] Group 1: Company Performance - New orders, including formal contracts and intended orders, have seen substantial year-on-year growth [2] - The production side is operating at full capacity [2] - The recognition of revenue is impacted by the extended approval and acceptance cycles from clients, although improvements have been noted in the third quarter [2] Group 2: Financial Management - The progress of converting contract liabilities into recognized revenue depends on the signing and acceptance timelines from downstream clients [2] - The company is actively working on accounts receivable issues by enhancing client engagement, optimizing the entire collection process, and improving risk management mechanisms [2] - The company is focused on strengthening cash flow levels through these initiatives [2] Group 3: Future Outlook - The company is unable to provide specific forecasts for the full-year performance of 2025 due to multiple influencing factors, including the recovery pace of the downstream industry, order fulfillment efficiency, and collection progress [2]