Shenzhen Laibao reports Q3 2025 results: Profit falls on higher costs

Shenzhen Laibao Hi-tech announced its Q3 2025 results, with total operating revenue for the first nine months reaching CNY 4,687,506,766.06, a 6.20% increase year-over-year. However, net profit attributable to shareholders decreased by 24.86% to CNY 232,204,715.00. The company’s operating activities generated net cash flow of CNY 151,283,102.14, a 66.33% decrease from the previous year.

The decline in net profit was largely attributed to a significant increase in financial expenses, up 109.62%, due to substantial exchange losses and higher interest expenses from its subsidiary, Laibao Display Technology, and increased R&D investments. Despite revenue growth driven by large-size capacitive touchscreens and automotive cover glass, these cost pressures impacted overall profitability.

The board of directors held its ninth meeting on October 28, 2025, approving the Q3 2025 report. All 12 directors voted in favor, confirming the report's accuracy and completeness, with no false records or material omissions.