Wanxiang Doneed faces significant profitability decline in Q3

Wanxiang Doneed Co., Ltd. experienced a significant downturn in the third quarter of 2025. Revenue for the quarter dropped by 69.11% to 37,716,415.06 yuan, while accumulated revenue for the first nine months decreased by 44.10% to 154,933,516.97 yuan compared to the previous year, primarily due to reduced sales volumes and lower product prices.

Profitability was particularly affected, with total profit plunging by 151.90% to a loss of 6,211,304.07 yuan for the quarter. Net profit attributable to shareholders saw a 151.02% decline, reaching a loss of 5,509,433.26 yuan. Basic earnings per share for the quarter were negative 0.0188 yuan, representing a 150.95% decrease.

For the first nine months of 2025, net profit attributable to shareholders decreased by 62.63% to 19,343,152.95 yuan, resulting in basic earnings per share of 0.0661 yuan, also down 62.63%. Total assets as of September 30, 2025, were 725,378,366.07 yuan, marking a 10.38% decrease from the end of the previous year.