Earnings Double in 2025, But Dilution Risk from Expanded Share Issuance and Stock Options

Net profit surged 96% to 53.77M RMB in 2025 from 27.39M RMB in 2024, while revenue decreased 8.9% to 356.7M RMB, indicating significant operating leverage
EPS improved to RMB 2.13 from RMB 1.58, and total equity grew 5.3% to RMB 1.70 billion
Proposed name change to 'Deep Commerce Limited' and 3:1 share consolidation to stabilize share price and enhance corporate image
Proposals to authorize board to issue shares up to 50% (or 100% if articles amended) of outstanding shares and to grant stock options up to 15% of shares, posing notable dilution risk
Liquidation of subsidiary Fulamuta (Xiamen) Trade Co., Ltd. for operational efficiency with limited financial impact
[AI Summary]While the doubling of net profit and strengthened equity base are positive, the expanded share issuance authority (up to 100%) and stock option plan (15%) create significant dilution risk; investors should closely monitor equity changes.