Core Insights - Yongji Co., Ltd. (603058) reported its Q3 2025 results, showing a revenue of 250 million yuan, an increase of 9.64% year-on-year, while net profit decreased by 15.53% to 42.17 million yuan [1] - For the first three quarters of 2025, the company achieved a revenue of 677 million yuan, reflecting an 11.06% year-on-year growth, but net profit fell by 22.94% to 98.77 million yuan, with basic earnings per share at 0.2353 yuan [1] - The performance decline is attributed to the macroeconomic environment and intensified competition in the printing and packaging industry, with significant price drops in the company's premium paper packaging products, some exceeding 15% [1] Financial Performance - Q3 2025 revenue: 250 million yuan, up 9.64% YoY [1] - Q3 2025 net profit: 42.17 million yuan, down 15.53% YoY [1] - First three quarters 2025 revenue: 677 million yuan, up 11.06% YoY [1] - First three quarters 2025 net profit: 98.77 million yuan, down 22.94% YoY [1] - Basic earnings per share: 0.2353 yuan [1] Market Conditions - Decline in sales prices of premium paper packaging products [1] - Some main product prices decreased by over 15% [1] - Increased competition in the printing and packaging industry [1]

Core Viewpoint - Yongji Co., Ltd. has decided to terminate its plan to issue A-shares to specific investors for the year 2025 due to changes in the capital market environment and the company's actual situation and development plans [1][2] Group 1: Termination of Fundraising Plans - The company announced the termination of the A-share issuance plan after more than six months since it was initially approved on March 12, 2023 [1] - In 2023, Yongji Co. also terminated a previously planned fundraising of 830 million yuan [2][7] - The termination will not adversely affect the company's normal operations or the interests of shareholders, especially minority shareholders [2] Group 2: Fundraising Details - The initial fundraising plan aimed to raise approximately 490 million yuan, which was intended for acquiring 100% of Phytoca Holdings Pty Ltd, constructing a research and design center, and repaying bank loans [2][3] - The total investment for the acquisition of Phytoca was approximately 282 million yuan, with the company planning to use around 620 million Australian dollars (approximately 286 million yuan) for the acquisition [3][4] Group 3: Financial Performance and Market Context - As of September 30, 2024, Phytoca reported total assets of approximately 14.23 million Australian dollars and a net asset of about 1.37 million Australian dollars [6] - Yongji Co. has experienced a slowdown in growth, with a revenue increase of 10.69% to 905 million yuan and a net profit increase of 59.77% to 160 million yuan in 2024, compared to much higher growth rates in 2023 [7]