Shares of Fibocom Wireless Inc. (00638.SZ) plummeted 5.14% in intraday trading on Thursday, as investors reacted to the company's disappointing third-quarter financial results released late Wednesday.

According to the report, Fibocom's operating revenue for the first three quarters of 2025 fell to RMB 5.366 billion, representing a significant year-on-year decrease of 13.69%. More alarmingly, the net profit attributable to shareholders of the listed company dropped sharply by 51.50% compared to the same period last year, reaching only RMB 316 million. The company's basic earnings per share stood at RMB 0.4149.

The substantial decline in both revenue and profit margins suggests that Fibocom is facing challenges in its core business operations. While the company did not provide specific reasons for the downturn in its financial performance, industry analysts speculate that increased competition in the wireless communication module market and global economic uncertainties may be contributing factors. Investors will likely be watching closely for any strategic initiatives or guidance from Fibocom's management to address these concerns and improve future performance.