Core Viewpoint - Tenglong Co., Ltd. reported a mixed performance for Q3 2025, with revenue growth but a significant decline in net profit due to last year's one-time gains from demolition compensation [1] Financial Performance - As of December 1, 2025, Tenglong's stock closed at 10.1 yuan, up 0.5% from the previous trading day, with a total market capitalization of 4.957 billion yuan [1] - Q3 2025 revenue reached 972 million yuan, a year-on-year increase of 0.5% [1] - The net profit attributable to shareholders decreased by 57.16% year-on-year, primarily due to last year's demolition compensation income [1] - The net profit after deducting non-recurring items fell by 20.28% year-on-year [1] - Gross margin has declined but improved on a quarter-on-quarter basis [1] Strategic Initiatives - The company is expanding into the new energy and non-automotive sectors [1] - Tenglong is advancing the construction of overseas bases and enhancing cost control and product upgrades [1] Investor Communication - The company held a Q3 2025 earnings briefing on December 1, 2025, addressing investor concerns regarding performance fluctuations, overseas expansion, currency risk management, financial status, reasons for gross margin decline, and progress on server liquid cooling and vehicle refrigerator projects [1]

Group 1 - The company has established a wholly-owned subsidiary in Singapore to cater to the liquid cooling business needs in Singapore and Southeast Asia [1] - This move is aimed at expanding the company's presence in Southeast Asia and the global market [1] - The establishment of the subsidiary will enhance the company's service support for overseas projects [1]

Core Viewpoint - The company has established a wholly-owned subsidiary in Singapore to cater to the liquid cooling server business, which is expected to enhance its service capabilities in Southeast Asia and globally [1]. Group 1 - The company confirmed its establishment of a new subsidiary in Singapore aimed at addressing the liquid cooling business needs in the region [1]. - The subsidiary is intended to support the company's expansion into Southeast Asia and global markets [1]. - The company emphasized the importance of this move in improving service support for overseas projects [1].