Core Viewpoint - The company, Shenzhen Yibo Technology Co., Ltd., has released its third-quarter financial report for 2025, ensuring the accuracy and completeness of the information disclosed [1][2]. Financial Data Summary - The financial report has undergone a retrospective adjustment due to the implementation of the 2024 profit distribution plan, which involved a capital reserve conversion to increase share capital by 40% (4 shares for every 10 shares) [3]. - The company confirms that there are no non-recurring gains or losses applicable for this reporting period [4]. - The company has not reclassified any non-recurring gains or losses as recurring [4]. Shareholder Information - The total number of ordinary shareholders and the distribution of shares among the top ten shareholders are detailed, with specific holdings noted for individual shareholders [6]. - Notably, shareholder Zhuang Yizhi holds a total of 1,315,600 shares, while the company's share repurchase account holds 1,159,500 shares, accounting for 0.5534% of the total share capital [6]. Other Important Matters - The financial statements, including the consolidated balance sheet, profit and cash flow statements, have been prepared but have not been audited for the third quarter [8].

Core Viewpoint - The company has disclosed its third-quarter financial report, highlighting significant changes in key financial metrics and governance updates. Financial Data Summary - Cash and cash equivalents increased by 33.47% compared to the beginning of the period, primarily due to the recovery of receivables and new borrowings [4] - Accounts receivable decreased by 51.80%, mainly due to a reduction in customer shipment volumes [5] - Financing receivables increased by 141.80%, attributed to an increase in notes receivable [5] - Prepayments rose by 39.36%, mainly due to new advance payments for materials [6] - Right-of-use assets decreased by 52.84%, due to depreciation [7] - Development expenditures increased by 111.58%, reflecting higher capitalized internal R&D spending [7] - Contract liabilities increased by 40.89%, due to an increase in advance payments for goods [9] - Tax payable decreased by 46.48%, mainly due to a reduction in value-added tax payable [10] - Total equity attributable to shareholders decreased by 55.91%, primarily due to losses incurred during the period [14] - Investment income decreased by 79.21%, mainly due to increased investment losses from Fujian Fuzhao Semiconductor Co., Ltd. [15] - Operating cash inflows decreased by 45.20%, attributed to a reduction in received payments [18] - Net cash flow from operating activities decreased by 115.33%, due to a decline in cash received from customers [19] Governance and Corporate Actions - The company held its ninth board meeting on January 21, 2025, where the appointment of a new board secretary was approved [21] - The company announced a short-term borrowing agreement with its controlling shareholder, totaling RMB 241.14 million, which has been fully repaid [24] - The company’s board approved a financing limit for 2025, allowing for various financing activities with its subsidiaries [26] - The company held its annual general meeting on July 15, 2025, where several governance proposals were approved, including amendments to the company’s articles of association [29]