西昌电力(600505.SH)：预计前三季度净利润约1240万元

Core Viewpoint - Xichang Electric Power (600505.SH) forecasts a net profit attributable to shareholders of approximately 12.4 million yuan for the first three quarters of 2025, with a net profit of about 11.2 million yuan after deducting non-recurring gains and losses [1] Group 1: Performance Drivers - The company has significantly enhanced its service quality, leading to a 9.93% year-on-year increase in electricity sales volume and a 6.53% rise in operating revenue [1] - Implementation of lean management practices has effectively reduced non-production expenses, resulting in a 33.28% decrease in financial costs year-on-year [1] - The hydrological conditions in the river basin of the connected power stations were more favorable compared to the previous year, contributing to a 2.63% year-on-year decline in the average purchase price of electricity [1]