Sunline Tech's Q3 profit climbs, but year-to-date net profit plunges

Shenzhen Sunline Tech's Q3 2025 report reveals a net profit attributable to shareholders of CNY 7,714,660.24, an increase of 259.73% year-on-year. However, the year-to-date net profit attributable to shareholders saw a sharp decrease of 386.16% to CNY -11,393,857.50. This comes as the company announces adjustments to its 2023 stock option and restricted share incentive plan. Total operating revenue for the nine months ended September 30, 2025, rose 5.19% to CNY 1,089,136,571.47, while operating costs increased 7.49% to CNY 762,280,378.65.

The company's board approved the cancellation of 15,000 unexercised stock options from its 2022 incentive plan, which expired on September 12, 2025. Furthermore, the board also approved the repurchase and cancellation of 3,200 restricted shares and the cancellation of 89,300 stock options from the 2023 incentive plan due to an employee's departure and unexercised options by their first exercise period.

These changes result in a slight reduction in total share capital by 3,200 shares, reflecting the company’s efforts to align its incentive programs with current operational realities and employee status. The board emphasizes that these adjustments are not expected to materially impact the company’s ongoing operations or financial performance.