Core Viewpoint - Zhejiang Dongri has corrected its Q3 2025 financial report, revealing a shift from revenue growth to a slight decline, while profits showed an upward adjustment [1][2]. Financial Adjustments - The company's Q3 revenue was adjusted from 192 million yuan (4.03% YoY growth) to 185 million yuan (-3.87% YoY decline) [1] - Total profit increased from 55.46 million yuan (8.93% YoY decline) to 60.90 million yuan (9.80% YoY growth) [1] - Net profit attributable to shareholders was revised from 43.89 million yuan (4.71% YoY decline) to 46.06 million yuan (4.94% YoY growth) [1] - The adjusted non-recurring net profit changed from 42.17 million yuan (2.39% YoY decline) to 44.34 million yuan (2.63% YoY growth) [1] - Earnings per share remained at 0.11 yuan, with a YoY change corrected from -10.00% to 10.00% [1] - The weighted average return on equity was adjusted from 1.73% to 1.83%, with a YoY decline narrowing to 0.02 percentage points [1] Business Overview - Zhejiang Dongri, established in 1997, is primarily engaged in agricultural product wholesale platform operations, covering market development, management, logistics, food production, and financial services [2] - The company aims to achieve over 900 million yuan in main business revenue by 2025, with realization dependent on multiple uncertain factors [2] - For the first three quarters, the company reported total revenue of 558 million yuan (2.66% YoY growth) and a net profit of 115 million yuan (9.13% YoY growth) [2] - The main business revenue is derived from three segments: agricultural product wholesale market operations (36.25%), fresh food distribution (33.04%), and soybean product processing (9.44%) [2] Market Positioning - The company operates agricultural product wholesale markets strategically located near highways or urban expressways, ensuring convenient transportation and effective coverage of target customers [3] - The Louqiao market cluster is positioned near major roads, serving as a transit hub for agricultural wholesalers and extending its reach to surrounding areas [3]