Tianma Technology reports Q3 2025 profit slump despite revenue increase

Fujian Tianma Science & Technology Group reported a slight increase in total operating revenue for the first nine months of 2025, reaching RMB 4.5bn, up 0.11% from the previous year. However, the company experienced a notable decline in profitability, with total profit falling by 24.09% to RMB 76.9m for the same period. Net profit attributable to shareholders also decreased by 20.86% to RMB 10.5m in the third quarter alone, primarily due to lower live eel sales prices, reduced external sales volume, and weakened fresh egg market prices.

The company's basic earnings per share for the third quarter were RMB 0.02, a 33.33% decrease year-on-year. Total assets as of September 30, 2025, increased by 5.53% to RMB 9.5bn, while owners' equity attributable to the parent company rose by 3.70% to RMB 2.3bn. Non-recurring gains significantly bolstered the net profit, contributing RMB 7.8m to the third-quarter's net profit.

Key changes in financial indicators include a 72.53% decrease in accounts receivable, a 64.46% reduction in transactional financial assets, and a 65.45% decrease in derivative financial assets, mainly due to reduced unredeemed bank wealth management products and decreased floating gains from futures hedging. The company also saw a 1,986.24% increase in estimated liabilities, driven by higher financing for guaranteed customers.