Core Insights - The company reported a total operating revenue of 671 million yuan for Q3 2025, ranking 10th among disclosed peers, which represents a decrease of 109 million yuan or 13.96% year-on-year [1] - The net profit attributable to shareholders was 43.07 million yuan, ranking 11th among peers, down by 16.13 million yuan or 27.24% compared to the same period last year [1] - The net cash flow from operating activities was -356 million yuan, ranking 20th among peers, but increased by 87.84 million yuan year-on-year [1] Financial Ratios - The latest debt-to-asset ratio is 27.81%, ranking 8th among peers, a decrease of 0.20 percentage points from the previous quarter, but an increase of 2.50 percentage points year-on-year [3] - The latest gross profit margin is 40.90%, ranking 3rd among peers, an increase of 6.22 percentage points from the previous quarter and 7.29 percentage points year-on-year, marking two consecutive quarters of growth [3] - The latest return on equity (ROE) is 1.82%, ranking 11th among peers, down by 0.77 percentage points year-on-year [3] Earnings Per Share and Turnover Ratios - The diluted earnings per share is 0.08 yuan, ranking 12th among peers, a decrease of 0.03 yuan or 27.27% year-on-year [3] - The total asset turnover ratio is 0.19 times, ranking 13th among peers, down by 0.05 times year-on-year, a decrease of 20.37% [3] - The inventory turnover ratio is 1.83 times, down by 1.09 times year-on-year, representing a decline of 37.48% [3] Shareholder Structure - The number of shareholders is 31,300, with the top ten shareholders holding 361 million shares, accounting for 68.39% of the total share capital [3] - The largest shareholder is Shenzhen Smart City Technology Development Group Co., Ltd., holding 30.01% of shares [3]