Reports Q3 revenue RMB 9.145M vs RMB 60.305M last year. Qiang Ding, Chairman of the Board of Directors and Chief Executive Officer, commented, “As expected, our revenue was impacted by lower sales of mining machines, as our flagship ALEO mining project, which peaked in Q1 2025, has transitioned into a stable stage, as market demand has gradually leveled off following the initial surge. Our quarterly performance is heavily influenced by cyclical volatility, a common dynamic within our industry, and recent results have been consistent with these factors.”
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ICG:
