Cybrid Technologies overhauls governance, reports Q3 financials with narrower loss

Cybrid Technologies approved a major corporate governance overhaul, abolishing its supervisory board and transferring its functions to the Board of Directors' Audit Committee. This change necessitates extensive revisions to the company’s Articles of Association and the abolishment of 17 related internal regulations, while 19 other regulations are being revised. The restructuring aims to streamline decision-making and enhance operational efficiency, with the proposals scheduled for shareholder approval.

In its Q3 2025 financial report, Cybrid Technologies recorded a year-to-date operating revenue of CNY 2,039,022,361.91. However, the company experienced a total profit of -CNY 148,281,311.19 and a net loss attributable to shareholders of -CNY 116,983,701.17 for the first nine months. Despite the net loss, the Q3 financial performance showed a narrower deficit compared to the previous year, primarily due to reduced credit and asset impairment provisions.

Operationally, the company increased its 2025 estimated daily related-party transactions with Changzhou DuBo Polymer Material Co., Ltd. for purchasing goods by CNY 10,000,000, raising the total cap to CNY 50,000,000. In Q3 2025, solar encapsulation film production reached 8,510.25 thousand square meters, with sales of 8,505.49 thousand square meters, generating CNY 40,058.53. Solar backplane production was 244.58 thousand square meters, with sales of 326.08 thousand square meters, resulting in CNY 1,874.76.