Unionman Technology (SH:688609) Zheng Quan Shi Bao Wang·2025-12-08 02:35Core Viewpoint - JiuLian Technology (688609) reported a decline in revenue for the first three quarters of 2025, but achieved a profit turnaround in Q3 2025, indicating ongoing operational improvements despite challenging market conditions [1][2]. Financial Performance - Total revenue for the first three quarters of 2025 was 1.761 billion yuan, a year-on-year decrease of 6.28% [1]. - The net loss attributable to shareholders was 120 million yuan, compared to a loss of 105 million yuan in the same period last year [1]. - The net profit for Q3 2025 was 3.2856 million yuan, marking a return to profitability [1]. - Operating cash flow for the first three quarters increased by 117.30% to 279 million yuan [1]. Business Operations - JiuLian Technology focuses on the development, production, sales, and service of smart terminals, communication modules, and industry application solutions, primarily targeting telecom operators [1]. - The company has launched several innovative products, including FTTR devices, WiFi 7 routers, 5G IoT modules, and solutions based on the DeepSeek model [3]. - The company is actively involved in the ultra-high-definition industry and has established a computing product line for edge computing and domestic innovation products [2]. Strategic Initiatives - JiuLian Technology is a founding member of the "National Radio and Television Administration's Cable Digital Television Application Technology Laboratory" and is advancing the ultra-high-definition industry [2]. - The company is in the process of negotiating core transaction terms for the acquisition of Chengdu Nengtong Technology Co., Ltd. [3]. - JiuLian Technology is a core contributor to OpenHarmony and is involved in various verticals such as healthcare, agriculture, smart cities, and finance [3].