Core Insights - China Haifang reported a revenue of 1.925 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 2.8% [1] - The net profit attributable to shareholders was 154 million yuan, with a year-on-year increase of 3.43% [1] Performance Drivers - Policy-driven factors: The company's industry and related segments are supported by favorable external policies, leading to sustained long-term development [1] - Market-driven factors: The company is making breakthroughs in new business areas, creating new market opportunities that contribute to high-quality business development [1] - Technology innovation: The company focuses on enhancing core capabilities and improving self-controllable capabilities, continuously investing in technological innovation, achieving breakthroughs in key technologies across multiple business directions [1] Industry Outlook - The deep-sea technology sector has significant growth potential, with the company involved in deep-sea aquaculture intelligent systems and marine intelligent equipment [1] - Qingdao Jereh Industrial Control, a subsidiary of the company, is recognized as a national-level "specialized and innovative" small giant in the integrated intelligent equipment field, with its products leading in domestic niche markets [1] Future Strategy - The company plans to continue focusing on its main business, emphasizing the development of new technologies and products to enhance performance and competitiveness [2] - The company aims to leverage national marine policies to seize development opportunities and continuously improve value creation capabilities, driving high-quality development [2]