Beijing Sinnet subsidiaries secure credit lines to boost liquidity

Beijing Sinnet Technology announced on October 22, 2025, that its subsidiaries, Sinnet Cloud Data and Hainan Parrot Technology, have secured new credit facilities. Sinnet Cloud Data will renew a credit line of up to 10 million yuan with Beijing Zhongguancun Bank for one year. Concurrently, Hainan Parrot Technology will apply for a credit line of up to 14 million yuan with Industrial Bank Haikou Branch, providing collateral through margin pledges.

These credit applications align with the company's financial adjustments as detailed in its Q3 2025 report. Beijing Sinnet Technology reported a net profit attributable to shareholders of 28,581,322.43 yuan for Q3 2025, a 69.43% decrease year-over-year. For the first nine months of 2025, the net profit was 143,611,579.33 yuan, down 60.23% from the previous year. The company's total assets as of Q3 2025 stood at 21,446,058,279.58 yuan, an increase of 9.34% compared to the end of last year.

The company's operating revenue for Q3 2025 was 1,762,945,514.48 yuan, a 7.63% decline, with year-to-date revenue reaching 5,478,776,245.06 yuan, down 5.96%. The cash flow from operating activities increased by 2.02% to 1,031,398,443.05 yuan for the first nine months. These credit lines are aimed at supporting daily operations and managing cash flow efficiently amidst these financial shifts.