GRINM has unveiled its operational data, revealing that in the third quarter, its operating revenue stood at 2.304 billion yuan, marking a 13.86% year-on-year decline. The net profit attributable to shareholders was 79.9611 million yuan, experiencing a 30.61% year-on-year decrease and a 15% quarter-on-quarter drop. However, for the first three quarters combined, the operating revenue soared to 8.462 billion yuan, representing a robust 24.98% year-on-year increase. The net profit attributable to shareholders for this period reached 263 million yuan, up by 7.31% year-on-year.

The fluctuations in performance can be primarily attributed to two key factors. Firstly, during the same period last year, there was a significant revenue inflow of 108 million yuan from the transfer of lithium sulfide-related technology, a substantial income stream that was absent in the current reporting period. Secondly, the sales revenue from integrated circuit semiconductor target materials witnessed a remarkable year-on-year surge of over 40%, although this growth was partially offset by the impact of the value-added tax super-deduction policy applicable to integrated circuit enterprises.