Core Viewpoint - The company reported a revenue of RMB 171.62 billion for the third quarter, reflecting a quarter-on-quarter growth of 6.9% and an 18.2% increase year-on-year for the first three quarters [3][4]. Financial Performance - The gross profit margin for the third quarter was 25.5%, up by 4.8 percentage points from the previous quarter [3]. - The capacity utilization rate increased to 95.8%, a rise of 3.3 percentage points compared to the previous quarter [3]. - For the fourth quarter, the company expects revenue to remain flat or grow by 2%, with a gross profit margin projected between 18% and 20% [4]. Asset Impairment - The company recognized a total of RMB 917.354 million in credit and asset impairment losses for the first three quarters of 2025 [13][14]. - The credit impairment loss amounted to RMB 32.123 million, while the inventory impairment loss was RMB 885.231 million [13]. Shareholder Information - As of the report date, the company had issued a total of 7,999,709,148 shares, with 75% listed on the Hong Kong Stock Exchange and 25% on the Shanghai Stock Exchange [6][7].