Core Viewpoint - Aokema (600336.SH) reported unexpected losses in the first three quarters of the year, with a significant decline in revenue and net profit compared to the previous year [1][2]. Financial Performance - The total operating revenue for the first three quarters was approximately 5.671 billion, a year-on-year decrease of 11.14% [2]. - The net profit attributable to shareholders was a loss of 9.059 million, representing a drastic decline of 420.49% year-on-year [2]. - In Q3 alone, Aokema incurred a loss of 46.914 million, nearly matching the total loss for the previous year [1][2]. Historical Context - Aokema's net profit has been on a downward trend since 2020, with figures of 310 million, 180 million, 146 million, 56 million, and a loss of 4.852 million from 2020 to 2024 respectively [2]. - The company experienced its first loss since 2008 in 2024, indicating a significant shift in financial performance [2]. Management and Strategy - In 2025, Aokema reported a turnaround with a net profit of 41.358 million in Q1 and continued profitability in the mid-year report [3]. - The company plans to focus on "smart cold chain, smart home appliances, and intelligent manufacturing and services" during the 14th Five-Year Plan period [3]. - Aokema is recognized as a key player in the smart home appliance industry within Qingdao's "10+1" innovative industrial system [3]. Leadership Changes - Chairman Zhang Bin temporarily stepped down due to health reasons, with General Manager Wang Yingfeng acting as the interim chairman [4][5]. - Wang Yingfeng has been with Aokema since 2007, holding various positions before becoming General Manager and acting chairman [5].