西部创业(000557.SZ)：预计前三季度净利润同比增长31.43%

Core Viewpoint - Western Entrepreneur (000557.SZ) reported a net profit attributable to shareholders of 294.6 million yuan for the first three quarters, representing a year-on-year increase of 31.43%. However, the net profit after deducting non-recurring gains and losses was 134.1 million yuan, a year-on-year decrease of 38.99% [1] Financial Performance - The company expects a net profit of 294.6 million yuan for the first three quarters, up 31.43% year-on-year [1] - The net profit after excluding non-recurring items is projected at 134.1 million yuan, down 38.99% compared to the same period last year [1] Cost and Expense Analysis - The increase in safety production costs due to the implementation of the regional government's requirements for "roadway dismantling and elevation" led to an increase of approximately 49.6 million yuan [1] - The gross profit from railway transportation decreased by approximately 32.8 million yuan due to rising costs in vehicle maintenance, line repairs, depreciation, and labor [1] Non-Recurring Gains - The company lost control over its wholly-owned subsidiary, Ningxia Dagu Logistics Co., Ltd., which was taken over by a bankruptcy administrator on June 30, 2025. This resulted in a recognition of related investment income of 164.5 million yuan, categorized as a non-recurring gain [1]