Core Insights - The company reported steady growth in its performance for the first three quarters of 2025, with a total revenue of 1.356 billion yuan, representing a year-on-year increase of 8.10% [1] - The net profit attributable to shareholders reached 95.3532 million yuan, up 13.29% year-on-year, indicating enhanced profitability [1] - In Q3 alone, the company achieved a revenue of 466 million yuan, a 9.80% increase compared to the same period last year, with a net profit of 25.2074 million yuan, showcasing ongoing business expansion capabilities [1] Business Overview - The company operates as a global provider of comprehensive water treatment solutions, with its main business covering the research, manufacturing, and sales of whole-house water purifiers, whole-house softeners, and commercial drinking water purification machines [1] - During the reporting period, the company experienced robust growth across its terminal business and services, smart manufacturing, and core components, which significantly supported overall performance [1] Strategic Initiatives - The company plans to acquire certain subsidiaries of Yuaneng Group to strengthen its investment and layout in the cell industry, aiming to establish this as a second growth curve [1] - This strategic move not only expands the company's business boundaries but also opens new pathways for future profit growth [1] - The company intends to continue focusing on its core water treatment business while simultaneously advancing its cell industry strategy through ongoing technological innovation and market expansion, enhancing its overall competitiveness [1] - With the support of national health industry policies and the rapid development of the industry, the company is expected to encounter broader development opportunities [1]

Group 1 - The company plans to establish a wholly-owned subsidiary in Hainan or Hunan provinces to engage in the cell industry and related mergers and acquisitions [1] - The registered capital of the new subsidiary will be 100 million yuan [1] - This move aims to strengthen the company's positioning in the cell industry and create a second growth curve for the company [1]

Core Viewpoint - The company plans to establish a wholly-owned subsidiary, Kaineng Cell Medical Group Co., Ltd., in Hainan or Hunan Province with a registered capital of 100 million RMB to enhance its presence in the cell industry and pursue industry mergers and acquisitions [1] Group 1 - The subsidiary will focus on cell industry operations and related mergers and acquisitions [1] - The investment will be funded by the company's own resources, and the transaction does not require board approval, nor does it constitute a related party transaction or a major asset restructuring [1] - This initiative aims to strengthen the company's positioning in the cell industry, creating a second growth curve for the company [1]