昀冢科技前三季亏损1.46亿元，毛利率骤降拖累业绩

Core Insights - Yunzuka Technology reported a total revenue of 400 million yuan for the first three quarters of 2025, a year-on-year decline of 3.46%, with a net loss of 146 million yuan, further widening compared to the same period last year [2][3] - In Q3 alone, the company achieved a revenue of 154 million yuan, marking a year-on-year increase of 33.43%, while the net loss for the quarter was 45.9 million yuan, a reduction compared to the previous year's loss [2][3] Financial Performance - The gross margin for the first three quarters was only 3.57%, a significant drop of 77.95% year-on-year, and the net margin was -39.22%, down 87.62% year-on-year, indicating challenges in cost control and product value addition [4] - For the first half of 2025, the company reported a revenue of 246 million yuan, a year-on-year decrease of 17.66%, with a net loss of 99.9 million yuan, a substantial increase of 262.76% compared to the same period last year [3][4] Business Challenges - The decline in revenue and the widening loss were primarily attributed to the delayed release schedule of new consumer electronics, leading to a year-on-year decrease in orders, as well as adjustments in marketing strategies and customer order optimization [4] - Yunzuka Technology, which specializes in the development and production of camera optical modules and precision electronic components, is facing direct impacts from the slowdown in the global smartphone market, which affects its main clients such as Huawei, Xiaomi, OPPO, and VIVO [4] Strategic Initiatives - In response to the pressures from traditional business, Yunzuka Technology is actively exploring new business areas, including electronic ceramics and automotive electronics [4]