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]