Montnets Rongxin reports Q3 2025 decline in profit, revenue

Montnets Rongxin Technology Group announced its Q3 2025 results, reporting a 46.01% decrease in revenue and a 291.43% decline in net profit attributable to shareholders. This was primarily due to industry policy impacts and the termination of a major asset restructuring. Despite the decline, the company's total assets were RMB 3,288,060,747.86. The company also announced the cessation of its proposed share issuance and cash payment for asset acquisition, alongside a related fundraising initiative.

In parallel, Montnets Rongxin Technology Group addressed governance matters, with its board approving the Q3 2025 report and the reappointment of accountants. The company will convene its third extraordinary general meeting on November 13, 2025, to seek shareholder approval for the reappointment of China Hi-Accountants LLP as its 2025 audit firm. Revisions to several internal management policies, including those related to external guarantees, external investments, connected transactions, information disclosure, and a new accountant selection policy will also be considered.

Further governance changes include the resignation of Mr. Ma Li as employee director and the election of Ms. Huang Ji as the new employee director.