鼎龙股份前三季度实现营收26.77亿元，净利润同比预增33.13%至41.1%

Core Viewpoint - Hubei Dinglong Holdings Co., Ltd. expects significant profit growth for the first three quarters of 2025, driven primarily by its semiconductor materials business [2][3]. Financial Performance - The company anticipates a net profit attributable to shareholders of approximately 501 million to 531 million yuan for the period from January 1 to September 30, 2025, representing a year-on-year increase of 33.13% to 41.1% compared to 376.32 million yuan in the same period last year [2]. - The net profit after deducting non-recurring gains and losses is expected to be around 478 million to 508 million yuan, reflecting a year-on-year growth of 39.20% to 47.94% from 343.38 million yuan [2]. - For the third quarter, the net profit attributable to shareholders is projected to be between 190 million and 220 million yuan, showing a year-on-year increase of 19.89% to 38.82% [2]. Business Segments - The semiconductor materials business has shown strong performance, contributing approximately 1.522 billion yuan in sales revenue, a year-on-year increase of 40%, and accounting for about 57% of total revenue [3]. - Revenue from three new business segments—CMP polishing pads, CMP polishing liquids, and semiconductor display materials—grew by 51%, 42%, and 47% respectively compared to the previous year [3]. - The company achieved approximately 5.8 billion yuan in revenue for the third quarter, with a year-on-year growth of 28% and a quarter-on-quarter increase of 17% [3]. Challenges - The printing and copying consumables business is facing short-term pressure, with expected sales revenue of about 1.145 billion yuan, showing a slight decline year-on-year [4]. - Factors such as fluctuating market demand and slow industry recovery are impacting the performance of traditional consumables [4]. - The company plans to enhance cost control, optimize product structure, and improve operational efficiency to adapt to market changes [4]. Non-Recurring Gains and Losses - The company estimates non-recurring gains and losses for the reporting period to be around 23 million yuan, primarily due to government subsidies, compared to 32.94 million yuan in the same period last year [5].