Core Viewpoint - Mingwei Electronics reported significant growth in Q3 2025, with a notable increase in net profit, although the overall performance for the first three quarters showed a decline in net profit compared to the previous year [2][3]. Financial Performance - In Q3 2025, the company achieved operating revenue of 177.55 million yuan, representing a year-on-year increase of 15.96% [3]. - The net profit attributable to shareholders was 8.84 million yuan, a substantial increase of 785.02% year-on-year [2][3]. - For the first three quarters of 2025, total operating revenue reached 462.37 million yuan, up 4.41% year-on-year, while the net profit attributable to shareholders was -26.51 million yuan, a decline of 577.53% [2][3]. Profitability Metrics - The net profit excluding non-recurring gains and losses for Q3 was 1.80 million yuan, reflecting a year-on-year growth of 131.21% [2][3]. - The basic and diluted earnings per share for Q3 were both 0.08 yuan, showing a significant increase of 910.91% compared to the same period last year [3]. Cash Flow and R&D - The net cash flow from operating activities for the first three quarters was 70.35 million yuan, a remarkable improvement of 187.59% compared to -80.32 million yuan in the same period last year [5]. - Total R&D expenditure for Q3 was 33.40 million yuan, an increase of 18.14% year-on-year, and accounted for 18.92% of operating revenue [4]. Asset and Equity Position - As of the end of the reporting period, total assets amounted to 1.53 billion yuan, reflecting a year-on-year increase of 3.24% [4]. - The equity attributable to shareholders was 1.21 billion yuan, showing a slight decrease of 2.17% compared to the previous year [4].