Shenzhen business news
On the evening of november 13thThunderIssued unaudited third quarter as at 30 september 2025Financial reportsI don't know. According to the financial report, the total mine-infested battalion collected $126. 4 million this quarter, with a gross profit of $60. 5 million, representing a māori rate of 47. 9 per cent and a decrease of 5. 1 per cent over the same period. Since this year, as of 10 p. M. On 13 november, journalists have sent their articles, resulting in a cumulative increase of 30. 01 per cent in the price of their shares。
Profits are “paper-rich”: $550 million net profits are almost entirely from “shattering stock”, and the industry is very profitable. Thin
According to the information received, the current quarter's total income was $126. 4 million, an increase of 57. 7 per cent over the same period, and the increase in total income was due mainly to an increase in income from major operations. Gross profit was $60. 5 million, an increase of 49. 6 per cent over the same period. The māori rate was 47. 9 per cent compared to 50. 5 per cent in the same period last year. The increase in gross profits is mainly due to the increase in gross profit generated by online advertising operations, live broadcast overseas and membership operations. The decrease in the māori rate is mainly due to the decline in māori in cloud computing operations and the increase in the share of income from live radio operations abroad, where māori rates are lower。
Based on the united states general accounting standards (gaap), the net profit this quarter was $550. 1 million, compared with $4. 4 million during the same period last year. Based on the non-united states general accounting standards (non-gaap), the net profit for the quarter was $5. 3 million, compared with $4. 9 million for the same period last year. The increase in net profits was mainly due to a change in the fair value of the long-term investments made by shadows innovation, which completed its ipo in june 2025。
The u. S. General accounting standards for each ads earned approximately $8. 60 per ads after the current quarter, compared to approximately $0. 07 per ads for the same period last year. Non-united states general accounting standards per ads after amortization are about us$ 0. 09, compared to us$ 0. 08 for the same period last year。
“our third quarter performance exceeded expectations, with a total revenue of $126. 4 million, an increase of 57. 7 per cent over the same period, thanks to balanced development and breakthroughs in all major operations. In addition, investment in film innovation is a major factor in our current quarterly profitability, with an investment yield of about $545. 8 million, which is expected to provide a strategic advantage in exploring new expansions, research and development opportunities and potential industrial cooperation.”
Rapid response investors: a plan to hold and split the film innovation
On 13 november, at 8 p. M., shenzhen business news, a client journalist, participated online in a teleconference for the flash news in the third quarter of 2025. The question was asked by investors: “did there be any plans for the next year, after the lock-in period, to follow up with an increase in earnings from quick-action investments, which had not been split before?”
The person in charge of the emergency response replied: “more than 5 per cent of the shares held by the mine, the reduction is subject to approval by the supervisory authority. For the time being, we have no plans to maintain and share.”
Then another investor asked: “what new progress has the company made with regard to hugging ai?”
The person in charge of the rapid mine response replied: “ai is the future, and we are exploring it and sharing it with you at the right time.”

The whole operation is moving forward smoothly
Journalists learned from the meeting that the membership service company received $40. 7 million, an increase of 22. 3 per cent over the same period. The increase in the operating income of members is mainly due to the growth in the number of members and the increase in the average income per member。
Direct broadcasting and other services received $49. 1 million, an increase of 127. 1 per cent over the same period. The increase in revenue was mainly due to the growth of live broadcast and advertising operations abroad。
Cloud computing services received $36. 6 million, an increase of 44. 9 per cent over the same period. The increase in cloud computing income is mainly attributable to the increased demand for cloud computing services from major clients。
There's plenty of cash
In addition, r & d inputs increased rapidly in the third quarter and the cost of r & d increased to $21 million, or 16. 6 per cent of total receipts, compared to $17. 7 million in the same period last year。
Sales and marketing costs amounted to $25. 8 million, or 20. 4 per cent of total operating income, compared to $11. 5 million, or 14. 3 per cent, during the same period last year. The increase is due mainly to increased marketing inputs in the areas of membership and live broadcast overseas。
As at 30 september 2025, the company held $284. 1 million in cash, cash equivalents and short-term investments, compared to $275. 6 million as at 30 june 2025. The main factor affecting the cash position during the quarter was the increase in net operating cash flows。
In conclusion, lee kimble stated: “we will remain committed to maintaining the efficient operation of the main business while exploring investment opportunities in key strategic areas to drive long-term growth and create lasting value for shareholders.”
Rapid response estimates range from $131 million to $139 million in the fourth quarter of 2025. In the middle, the income ring grew by about 6. 8 per cent in the fourth quarter。




