Core Insights - The company reported a revenue of 159.46 million yuan in Q3 2025, a year-on-year decrease of 3.32% [2][3] - The net profit attributable to shareholders was -1.97 million yuan, an increase of 68.8% year-on-year [2][3] - The net profit excluding non-recurring gains and losses was -4.28 million yuan, a year-on-year increase of 39.25% [2][3] Financial Performance - For the first three quarters of 2025, total revenue was 471 million yuan, down 9.21% year-on-year [2][3] - The net profit attributable to shareholders for the first three quarters was -11.97 million yuan, a decline of 218.1% year-on-year [2][3] - The net profit excluding non-recurring gains and losses for the first three quarters was -16.58 million yuan, a decrease of 94.68% year-on-year [2][3] Cash Flow Analysis - The net cash flow from operating activities for the first three quarters was -29.47 million yuan, a decrease of 10.56 million yuan year-on-year [4] - The net cash flow from financing activities was -7.35 million yuan, an increase of 20.06 million yuan year-on-year [4] - The net cash flow from investing activities was -6.24 million yuan, compared to -34.27 million yuan in the same period last year [4] Company Overview - The company specializes in the research and development of smart sensors and IoT technology, providing optical instruments, precision optics, and intelligent sensing products [2]

Core Viewpoint - The company is involved in marine technology and has capabilities related to ocean environment simulation tests, but has not yet achieved large-scale application in the deep earth economy sector [2]. Group 1: Company Performance - As of October 22, 2025, the company's stock price closed at 15.41 yuan, down 0.32%, with a turnover rate of 2.62% and a trading volume of 45,300 shares, amounting to a transaction value of 69.91 million yuan [1]. Group 2: Industry Insights - The deep earth economy is a key project in the current five-year plan, focusing on the development of deep earth resources and deep space utilization, covering areas such as resource exploration, underground space construction, core equipment manufacturing, and technical services [2]. - The company has the capability to design and implement power equipment and detection systems for marine environment simulation tests, as well as sensors and optoelectronic instruments for underwater material testing, although these technologies have not yet been widely applied [2]. Group 3: Market Activity - On October 22, 2025, the net inflow of main funds was 87,900 yuan, while speculative funds saw a net inflow of 2.61 million yuan, and retail investors experienced a net outflow of 2.6983 million yuan [2].

Group 1 - The company is planning to acquire 55% equity of Changchun Samit Optoelectronics Technology Co., Ltd. through a combination of issuing shares and cash payment [1] - The transaction is expected not to constitute a major asset restructuring based on preliminary assessments [1] - The company's stock will be suspended from trading starting July 31, 2025, with an expected suspension period of no more than 10 trading days [1] Group 2 - Samit’s business scope includes research, production, and sales of optoelectronic instruments, optoelectronic equipment, and electromechanical equipment [1] - The company also provides technical consulting and services, as well as research and sales of computer software and hardware, motors, optical components, and electronic components [1]

Group 1 - The company, Jin Cheng Zi (688291.SH), is planning to acquire 55% equity of Changchun Samit Optoelectronic Technology Co., Ltd. ("Samit") through a combination of issuing shares and cash payment [1] - The transaction is expected to raise supporting funds and is preliminarily assessed not to constitute a major asset reorganization [1] - The company's stock will be suspended from trading starting July 31, 2025, for a period not exceeding 10 trading days [1] Group 2 - Samit's business scope includes research, production, and sales of optoelectronic instruments, optoelectronic equipment, electromechanical equipment, as well as technical consulting and services [1] - The company also engages in the research and sales of computer software and hardware, motor development and sales, and sales of optical and electronic components [1]