Core Insights - Ningbo Cixing Co., Ltd. reported a revenue of 1.489 billion yuan and a net profit attributable to shareholders of 122 million yuan for the first three quarters of 2025, demonstrating resilience amid macroeconomic challenges and industry cyclicality [1] - The company has strategically adjusted its low-end product lines while maintaining strong performance in traditional computer knitting and shoe upper machine businesses, which have seen growth despite industry headwinds [1] - Significant breakthroughs have been made in new application areas, particularly in automotive textiles, with innovative knitted products successfully entering the supply chain of a well-known domestic car manufacturer [1] Financial Performance - Revenue for the first three quarters reached 1.489 billion yuan [1] - Net profit attributable to shareholders was 122 million yuan [1] - Net profit excluding non-recurring items was 96.2368 million yuan [1] Strategic Initiatives - The company is undergoing a critical period of new and old energy conversion, focusing on R&D investment and customer orientation to strengthen core businesses and innovate [2] - Regional research institutes have been established in key industrial clusters to enhance customer service efficiency and local responsiveness [2] - A research center has been set up in Shanghai to focus on fashion design needs and promote research outcomes to various regional institutions and clients [2] Market Engagement - The company is enhancing market interaction through participation in domestic and international professional exhibitions, showcasing representative knitting equipment products [2] - Efforts are being made to optimize the agent structure and business team management to improve overall market response speed [2]