Company Overview - Yibo Technology, established on March 24, 2003, went public on September 26, 2022, on the Shenzhen Stock Exchange, with its registered and office address in Shenzhen, Guangdong Province. It is a leading one-stop hardware innovation service provider in China, focusing on printed circuit board (PCB) design services and possessing full industry chain service capabilities [1] Financial Performance - In Q3 2025, Yibo Technology reported a revenue of 794 million yuan, ranking 36th out of 44 in the industry. The top two competitors, Dongshan Precision and Pengding Holdings, reported revenues of 27.071 billion yuan and 26.855 billion yuan, respectively. The industry average revenue was 4.913 billion yuan, with a median of 2.659 billion yuan [2] - The net profit for the same period was 17.1748 million yuan, ranking 35th out of 44. The leading companies in net profit were Shenghong Technology at 3.245 billion yuan and Shengyi Technology at 2.864 billion yuan. The industry average net profit was 481 million yuan, with a median of 101 million yuan [2] Financial Ratios - As of Q3 2025, Yibo Technology's debt-to-asset ratio was 23.66%, an increase from 16.86% in the previous year but still below the industry average of 44.70%. The gross profit margin was 28.00%, down from 35.88% year-on-year, yet higher than the industry average of 20.58% [3] Executive Compensation - The chairman, Tang Changmao, received a salary of 710,800 yuan in 2024, reflecting an increase of 6,200 yuan from 2023. Tang has a background in electronic engineering and has held various positions within the company since its inception [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 9.89% to 20,400, while the average number of circulating A-shares held per shareholder increased by 10.97% to 3,737.11 shares [5]

Core Viewpoint - Yibo Technology reported a significant increase in revenue but a substantial decline in net profit for the first three quarters of 2025, indicating potential challenges in profitability despite revenue growth [1][2]. Financial Performance - The company's revenue for the first three quarters reached 794 million yuan, a year-on-year increase of 24.01% [1]. - The net profit attributable to shareholders was 17.17 million yuan, reflecting a year-on-year decrease of 79.46% [1]. - The non-recurring net profit was 8.22 million yuan, down 87.67% year-on-year [1]. - Basic earnings per share stood at 0.08 yuan [1]. Profitability Metrics - The gross profit margin for the first three quarters was 28.00%, a decrease of 7.88 percentage points year-on-year [2]. - The net profit margin was 2.16%, down 10.55 percentage points compared to the same period last year [2]. - In Q3 2025, the gross profit margin was 29.53%, showing a year-on-year decline of 6.08 percentage points and a quarter-on-quarter decrease of 1.39 percentage points [2]. - The net profit margin for Q3 was 4.54%, down 7.48 percentage points year-on-year but up 0.52 percentage points from the previous quarter [2]. Expense Analysis - Total operating expenses for the period were 200 million yuan, an increase of 42.40 million yuan year-on-year [2]. - The expense ratio was 25.16%, up 0.58 percentage points from the same period last year [2]. - Breakdown of expenses showed sales expenses increased by 6.18%, management expenses rose by 48.44%, R&D expenses grew by 18.02%, and financial expenses surged by 129.68% [2]. Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 20,400, a decrease of 2,240 or 9.89% from the end of the previous half [2]. - The average market value per shareholder increased from 362,400 yuan to 412,800 yuan, a growth of 13.92% [2]. Company Overview - Yibo Technology, established on March 24, 2003, is located in Shenzhen, Guangdong Province, and specializes in PCB design and PCBA manufacturing services [3]. - The company's main revenue sources are PCBA manufacturing services (81.02%), PCB design services (18.51%), and other services (0.47%) [3]. - Yibo Technology is classified under the electronic components industry, specifically in printed circuit boards [3].

Group 1 - On October 10, Yibo Technology's stock fell by 5.71%, with a trading volume of 306 million yuan [1] - The financing data shows that on the same day, Yibo Technology had a financing purchase amount of 34.06 million yuan and a financing repayment of 44.62 million yuan, resulting in a net financing outflow of 10.56 million yuan [1] - As of October 10, the total margin balance for Yibo Technology was 308 million yuan, accounting for 10.32% of its market capitalization, which is above the 90th percentile level over the past year [1] Group 2 - As of June 30, Yibo Technology had 22,700 shareholders, an increase of 15.48% compared to the previous period, with an average of 3,367 circulating shares per person, up by 20.75% [2] - For the first half of 2025, Yibo Technology reported a revenue of 500 million yuan, representing a year-on-year growth of 21.70%, while the net profit attributable to shareholders was 3.84 million yuan, a decrease of 93.00% year-on-year [2] Group 3 - Since its A-share listing, Yibo Technology has distributed a total of 178 million yuan in dividends [3] - As of June 30, 2025, several institutions exited the top ten circulating shareholders of Yibo Technology, including Hong Kong Central Clearing Limited and various mutual funds [3]