粤桂股份：预计前三季度净利润同比增长86.87%—109.11%

Core Viewpoint - Yuegui Co., Ltd. (000833.SZ) expects a significant increase in net profit for the first three quarters, projecting a range of 420 million to 470 million yuan, representing a year-on-year growth of 86.87% to 109.11% [1] Financial Performance - The net profit attributable to shareholders, excluding non-recurring gains and losses, is estimated to be between 414.89 million and 464.89 million yuan, reflecting a year-on-year increase of 82.67% to 104.68% [1] Key Drivers of Growth - The substantial growth in net profit for the third quarter of 2025 is primarily attributed to two factors: 1. Continuous efforts in cost reduction and efficiency enhancement, leading to effective reduction in product costs, alongside a year-on-year increase in the prices of major ore products. This dual effect has resulted in synchronized growth in sales profits within the ore segment [1] 2. Non-recurring gains and losses had no significant impact on the net profit attributable to shareholders during the reporting period [1]