Core Insights - The company reported a revenue of 478 million yuan for the first three quarters of 2025, representing a year-on-year increase of 8.37%, while the net profit attributable to shareholders decreased by 44.24% to 44 million yuan [1] - The decline in net profit is attributed to increased R&D and market expansion expenses, as well as higher management costs following the acquisition of German SMS Company, which was consolidated into the company's financial statements starting June 2025 [1] - The company is focusing on the domestic production of high-precision thread grinding machines and the efficient production process of planetary roller screws, with ongoing efforts to integrate the operations of SMS [1][2] Financial Performance - Revenue for the first three quarters reached 478 million yuan, an increase of 8.37% year-on-year [1] - Net profit attributable to shareholders was 44 million yuan, a decrease of 44.24% compared to the previous year [1] R&D and Market Expansion - R&D expenses increased by 26.96%, focusing on efficient processing technology for planetary roller screws and the domestic production of SMS grinding machines [2] - Sales expenses rose by 53.12%, aimed at expanding the marketing network and enhancing brand recognition through participation in domestic and international exhibitions [2] Strategic Developments - The company is collaborating with SMS and institutions like Northwestern Polytechnical University to tackle technical challenges in the field of planetary roller screws [2] - The integration of SMS is expected to enhance the company's technological capabilities in high-precision grinding, with a focus on transitioning from European technology to Chinese manufacturing for global markets [3]