Xiamen Changelight reports Q3 2025 revenue jump, alongside impairments and related-party dealings

Xiamen Changelight announced a total asset impairment provision of 12,586,462.68 yuan for the first three quarters of 2025, comprising a credit impairment loss of -17,265,213.00 yuan and an asset impairment loss of 29,851,675.68 yuan, impacting profit by 12,586,462.68 yuan. Additionally, the company wrote off bad debts totaling 13,296,210.77 yuan during the same period, all of which had been fully provisioned previously.

The company's third-quarter report for 2025 indicated a 65.80% year-on-year increase in operating revenue to 1,006,809,609.71 yuan, and a 56.01% increase in net profit attributable to shareholders to 18,715,472.66 yuan. For the first nine months, cumulative operating revenue rose 46.36% to 2,750,140,826.02 yuan, with net profit attributable to shareholders up 80.17% to 87,949,674.06 yuan.

In a related announcement, Xiamen Changelight projected daily related-party transactions with Zhejiang Kangpeng Semiconductor Co., Ltd., a 17.6951% owned associate, for 2025. The estimated total amount is not to exceed 29,000,000 yuan for raw material purchases. This forecast, approved by the board, aims to support normal production and operations at market-based pricing.