Core Viewpoint - The financial performance of Yacon Co., Ltd. (亚康股份) for the first three quarters of 2025 shows significant declines in revenue and net profit, while cash flow from operating activities has improved substantially. Financial Performance Summary - For the period of January to September 2025, the company reported operating revenue of 915 million yuan, a year-on-year decrease of 23.53% [1][2] - The net profit attributable to shareholders was 2.71 million yuan, down 95.26% year-on-year [1][2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 3.14 million yuan, a decline of 94.38% compared to the previous year [1][2] - The net cash flow from operating activities reached 176 million yuan, an increase of 156.51% year-on-year [1][2] Fundraising and Financial Strategy - Yacon Co., Ltd. was listed on the Shenzhen Stock Exchange's ChiNext board on October 18, 2021, with an initial public offering of 20 million shares at a price of 21.44 yuan per share, raising a total of 429 million yuan [2][3] - The actual net amount raised was 371 million yuan, which was 131 million yuan less than the original plan of 501 million yuan [3] - The company plans to use the raised funds for projects including R&D center construction, national support service system upgrades, and working capital [3] Future Projections - Revenue projections for 2022 to 2024 are 1.46 billion yuan, 1.53 billion yuan, and 1.38 billion yuan respectively, with net profits expected to decline significantly over the same period [5][6] - The net profit attributable to shareholders is projected to be 80.53 million yuan in 2022, decreasing to 27.50 million yuan by 2024, indicating a downward trend [5][6]