Core Viewpoint - 嘉诚国际's stock price increased by 2.31% to 11.52 yuan, with a current market capitalization of 5.886 billion yuan, ranking 20th in the logistics sector [1] Shareholder Changes - As of September 30, 2025, the number of shareholders decreased by 14.35% to 13,200, with an average shareholding of 38,600 shares per account [2][11] Financial Performance - For Q3 2025, 嘉诚国际 reported a main revenue of 264 million yuan, a year-on-year decrease of 18.29%, and a net profit attributable to shareholders of 30.51 million yuan, down 36.62% [3][4][5] - Year-to-date revenue was 946 million yuan, down 3.4%, with a net profit of 149 million yuan, a decline of 10.41% [5] - The company’s gross profit margin stood at 32.56%, with a debt ratio of 44.51% [3] Cash Flow and Assets - The net cash flow from operating activities increased by 77.36% year-on-year to 158 million yuan [6] - Total assets reached 4.961 billion yuan, an increase of 4.75% from the previous year [8] - Shareholders' equity was 2.745 billion yuan, up 4.46% from the previous year [9] Earnings Per Share - Basic earnings per share for Q3 2025 was 0.06 yuan, a decrease of 33.33%, while year-to-date earnings per share was 0.29 yuan, down 9.38% [7] Non-Recurring Gains and Losses - Non-recurring gains and losses for the period totaled -230,400 yuan, while year-to-date they amounted to 205,800 yuan [10] Business Developments - 嘉诚国际 is the only domestic logistics service provider operating a full chain of cross-border e-commerce, serving clients like Temu, SHEIN, and TikTok Shop [14] - The company signed a cross-border logistics service agreement with JD.com, covering key ports in Shenzhen and Guangzhou [15] - New collaborations include providing integrated warehousing and distribution solutions with Shenzhen Dida Industrial [17] Corporate Governance - The company plans to abolish the supervisory board, transferring its powers to the audit committee of the board of directors, pending shareholder approval [20][21]