ARMOUR Residential REIT (NYSE:ARR) Q3 2025 Earnings Call October 23, 2025 08:00 AM ET Speaker0Good day, and welcome to the ARMOUR Residential REIT Third Quarter twenty twenty five Earnings Conference Call. All participants will be in listen only mode. After today's presentation, there will be an opportunity to ask questions. Please note this event is being recorded. I would now like to turn the conference over to Scott Ulm, Chief Executive Officer.Please go ahead.Speaker1Good morning, and welcome to ARMOUR ...

Core Viewpoint - Songlin Technology (603992.SH) expects a significant decline in net profit for the first three quarters of 2025 compared to the previous year, primarily due to external economic factors, despite a recovery in operational performance [1] Financial Performance - The company anticipates net profit attributable to shareholders to be between 155 million to 160 million yuan, representing a year-on-year decrease of 50.11% to 51.67% [1] - The net profit after deducting non-recurring gains and losses is projected to be between 123 million to 128 million yuan, reflecting a year-on-year decline of 56.73% to 58.42% [1] - In Q3, the net profit attributable to shareholders is expected to grow by 30% to 40% quarter-on-quarter [1] Business Operations - The underlying business logic remains unchanged, with major client projects and orders showing steady recovery [1] - The company is facing a decline in revenue in its main sales regions due to the ongoing impact of the international trade environment and macroeconomic conditions [1] Strategic Initiatives - The company continues to invest in R&D, market expansion, and overseas base construction to build momentum for future growth [1] - The construction of the production base in Vietnam is accelerating, with increased initial expenditure [1] - The Vietnam facility is expected to start shipping by June 2025, entering a phase of capacity ramp-up, which will open new opportunities for the company's international business [1]

Core Viewpoint - Songlin Technology (603992.SH) expects a significant decline in net profit for the first three quarters of 2025 compared to the same period last year, primarily due to external economic factors impacting sales [1] Financial Performance - The company anticipates net profit attributable to shareholders to be between 155 million to 160 million yuan, representing a year-on-year decrease of 51.67% to 50.11% [1] - The net profit after deducting non-recurring gains and losses is projected to be between 123 million to 128 million yuan, reflecting a year-on-year decline of 58.42% to 56.73% [1] Business Operations - Despite the profit decline, the underlying business logic remains unchanged, with major customer projects and orders showing steady recovery [1] - The company's operating performance is improving quarter by quarter, with a projected quarter-on-quarter net profit growth of 30% to 40% in Q3 [1] External Factors - The company attributes the current challenges to the ongoing international trade environment and macroeconomic conditions, which have led to a year-on-year revenue decline in key sales regions [1] Strategic Initiatives - The company continues to invest in research and development, market expansion, and overseas base construction to build momentum for future growth [1] - The construction of the Vietnam production base is being accelerated, with increased initial expenditure; shipments from Vietnam are expected to begin in June 2025, entering a capacity ramp-up phase [1]