联泓新科第三季度净利润同比增约九成

Core Insights - The company reported a slight revenue increase of 0.21% year-on-year for Q3 2025, reaching 1.657 billion yuan, while net profit surged by 90.90% to 71.74 million yuan [1] - For the first three quarters of 2025, the company achieved approximately 4.568 billion yuan in revenue, a decline of 8.02% year-on-year, but net profit increased by 30.32% to about 232 million yuan [1] - The significant growth in net profit for Q3 was attributed to rising prices of key products such as EVA and UHMWPE, along with contributions from new products [1] Financial Performance - Q3 2025 revenue: 1.657 billion yuan, up 0.21% year-on-year [1] - Q3 2025 net profit: 71.74 million yuan, up 90.90% year-on-year [1] - Q3 2025 non-recurring net profit: 72.72 million yuan, up 89.92% year-on-year [1] - First three quarters 2025 revenue: approximately 4.568 billion yuan, down 8.02% year-on-year [1] - First three quarters 2025 net profit: approximately 232 million yuan, up 30.32% year-on-year [1] - First three quarters 2025 non-recurring net profit: approximately 233 million yuan, up 55.14% year-on-year [1] Product and Project Development - The decline in revenue for the first three quarters was mainly due to a decrease in prices of certain products [1] - The increase in net profit was driven by lower raw material prices and contributions from new products like EC, UHMWPE, electronic specialty gases, and PLA [1] - Ongoing projects include the "integrated project for new energy materials and biodegradable materials," which has completed mid-term delivery, and the "lithium battery additive VC project" [1] - The "thermoplastic polyethylene elastomer POE project" is in the equipment installation phase, with completion expected by the end of 2025 [1] - The "special isocyanate XDI project" is continuing with engineering design and project preparation [1] Market Position - As of October 14, 2025, the company's stock price was 21.44 yuan per share, with a total market capitalization of approximately 28.6 billion yuan [2]