On October 30, Transwarp Technology (Shanghai) Co., Ltd. (688031) released its Q3 2025 financial report. The company recorded operating revenue of 225 million yuan, marking a 7.4% year-over-year increase. Net profit attributable to shareholders improved from a loss of 293 million yuan in the same period last year to a loss of 213 million yuan, showing a reduction in losses. After deducting non-recurring items, the net loss narrowed from 316 million yuan to 229 million yuan. Operating cash flow stood at -186 million yuan, reflecting a 41.5% year-over-year improvement. Diluted EPS was -1.7602 yuan.

In the third quarter alone, the company generated 72.57 million yuan in revenue, up 4.6% year-over-year. Net loss attributable to shareholders decreased from 102 million yuan to 70.28 million yuan, while non-GAAP net loss improved from 111 million yuan to 72.40 million yuan. Quarterly diluted EPS was -0.5802 yuan.

As of Q3-end, total assets amounted to 1.173 billion yuan, down 16.0% from year-end 2024. Shareholders' equity stood at 894 million yuan, an 18.6% decline from the previous year-end.

The report highlighted R&D expenditures of 60.18 million yuan, accounting for 82.93% of operating revenue. While R&D investment decreased year-over-year, the company stated this optimization aimed to enhance product competitiveness and operational efficiency.

Transwarp Technology maintains focus on information technology solutions, actively adapting to market changes to sustain its competitive position. During the reporting period, the company recognized 2.12 million yuan in non-recurring gains, including government subsidies and wealth management income, demonstrating financial flexibility amid market challenges.