Core Points - The company reported a revenue of 673.96 million yuan for the first three quarters of 2025, representing a year-on-year increase of 10.21% [4] - The net profit attributable to the parent company was 49.41 million yuan, showing a significant decline of 73.90% year-on-year [4] - The net profit after deducting non-recurring gains and losses was 35.18 million yuan, down 81.12% compared to the previous year [4] Financial Performance - The company did not need to restate previous years' financial data [3] - Non-recurring losses amounted to -9,041,141.48 yuan [3] - The company faced challenges due to policy adjustments in overseas markets and intensified competition in the global cross-border e-commerce sector [5] Operational Adjustments - The company is optimizing its business structure and adjusting its operational pace to enhance risk resistance [5] - Inventory management has been improved, leading to a significant reduction in inventory size and better turnover efficiency [5] - The company has implemented a stock repurchase plan, buying back 8.27 million shares, which is 2.05% of the total share capital [6] Corporate Governance - The board of directors and senior management have guaranteed the accuracy and completeness of the quarterly report, accepting legal responsibility for any misstatements [2] - The company adjusted its 2024 restricted stock incentive plan to address short-term challenges posed by external trade environment changes [7]