On October 30, Shandong Oriental Ocean Sci-Tech Co.,Ltd. (002086) released its Q3 2025 financial report. The company reported revenue of 246 million yuan, down 0.8% year-over-year. Net profit attributable to shareholders widened from a loss of 69.61 million yuan in the same period last year to a loss of 105 million yuan. After excluding non-recurring items, the net loss expanded from 80.61 million yuan to 111 million yuan. Operating cash flow improved to -107 million yuan, up 38.0% YoY. Diluted EPS stood at -0.0538 yuan.
For the third quarter alone, revenue declined 2.7% YoY to 89.93 million yuan. The net loss attributable to shareholders deepened from 28.13 million yuan to 34.39 million yuan, while the adjusted net loss grew from 33.31 million yuan to 37.11 million yuan. Quarterly EPS was -0.0176 yuan.
As of Q3-end, total assets decreased 8.9% from year-end 2024 to 1.659 billion yuan, while shareholders' equity fell 7.4% to 1.326 billion yuan.
The company specializes in marine biotechnology, operating in sea cucumber farming, testing, and diagnostic kits. During the reporting period, sea cucumber revenue plunged 62.56% due to unfavorable market conditions, while testing/kits revenue dropped 76.13% following the loss of major orders.
Despite operational challenges, operating cash flow improved 37.99% YoY. This was driven by increased revenue from aquatic product processing and higher cash receipts from sales, offset partially by greater cash outlays for raw materials. Following successful restructuring, the company has actively resumed production in marine aquaculture and aquatic processing, significantly boosting investments in production inputs and seedlings.
Comments