Zhong Guo Jing Ji Wang·2025-12-02 03:42Core Viewpoint - Shanghai Hanxun reported significant growth in revenue for the first three quarters of 2025, with a revenue increase of 72.72% year-on-year, although it still recorded a net loss [1][2]. Financial Performance - The company's operating revenue for the first three quarters of 2025 reached 305 million yuan, reflecting a year-on-year growth of 72.72% [1][2]. - The net profit attributable to shareholders was -48.16 million yuan, an improvement from -91.30 million yuan in the same period last year, marking a 50.27% reduction in losses [1][2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -67.19 million yuan, compared to -101 million yuan in the previous year, showing a 33.53% reduction in losses [1][2]. - The net cash flow from operating activities was -14.15 million yuan, an improvement from -22.60 million yuan year-on-year, indicating a 37.32% reduction in cash outflow [1][2]. Historical Context - Shanghai Hanxun went public on March 14, 2019, raising a total of 543 million yuan, with a net amount of 490 million yuan after expenses, aimed at various military communication projects [3]. - In 2020, the company raised approximately 999.99 million yuan through a private placement, netting around 993.31 million yuan after fees [4]. - The total funds raised by Shanghai Hanxun from both public and private placements amounted to 1.54 billion yuan [5].