东阳光：前三季度净利润同比预增171.08%—199.88%

Core Viewpoint - Dongyangguang (600673) expects a significant increase in net profit for the first three quarters of 2025, projecting a range of 847 million to 937 million yuan, representing a year-on-year growth of 171.08% to 199.88% [1] Company Summary - The company attributes its profit growth to the ongoing optimization of the refrigerant industry ecosystem and competitive order [1] - The third-generation refrigerants (HFCs) are currently the mainstream refrigerants, with supply constraints due to quota management, while global demand continues to rise [1] - This supply-demand imbalance has led to a substantial improvement in the supply-demand structure, resulting in steadily rising refrigerant prices, which supports the company's significant profit increase [1]