Speechocean(SH:688787) Zheng Quan Shi Bao Wang·2025-12-05 13:39Core Viewpoint - The management of Haitan Ruisheng indicated that the slowdown in revenue growth for the third quarter of 2025 is primarily due to the timing of revenue recognition for several large government projects, which are expected to positively impact revenue in the fourth quarter and contribute to overall annual growth for 2025 [1] Group 1 - The revenue growth slowdown in Q3 2025 is attributed to the timing of revenue recognition for significant government projects [1] - All related projects are progressing normally, and revenue is expected to be recognized in Q4 or later [1] - The anticipated revenue recognition in Q4 is expected to enhance the quarterly revenue growth rate and support better overall revenue growth for the year 2025 [1]