Gelonghui November 12th | Cosonic Intelligent Technologies (300793.SZ) stated in investor relations that the company's profit decline in the first three quarters was mainly affected by three factors: management expenses, financial expenses, and research and development expenses. Specifically, the management expenses in the first three quarters were 97.64 million yuan, an increase of 26.3 million yuan compared to the same period last year, a growth rate of 36.87%. This is mainly due to the increase in depreciation and amortization expenses generated by the use of the Songshan Lake headquarters in Jiangxi's new production base, and the corresponding increase in office expenses due to the expansion of office space. The financial expenses in the first three quarters were 10.94 million yuan, with a more significant increase compared to the same period last year, mainly due to the decrease in exchange gains and losses and the increase in interest on convertible bonds. The company continues to strengthen its technical reserves for audio and wearable products, with increased research and development investment. The research and development expenses in the first three quarters amounted to 0.117 billion yuan, an increase of 29.8% compared to the same period last year.