高能环境第三季度 扣非净利增长177%

Core Insights - High Energy Environment (603588) reported a revenue of 10.16 billion yuan and a net profit attributable to shareholders of 646 million yuan for the first three quarters, marking a year-on-year increase of 15.18% [1] - The company achieved a net cash flow from operating activities of 367 million yuan, up 67.29% year-on-year, with a third-quarter net profit of 145 million yuan, reflecting a significant growth of 177.01% [1] - The revenue growth is attributed to increased capacity in hazardous waste resource utilization and rising prices of bulk commodities and precious metals [1] Business Performance - The company focuses on metals such as copper, lead, and nickel, with precious metals like gold and silver as core profit drivers, benefiting from structural growth in demand due to advancements in AI and new energy sectors [1] - The hazardous waste resource utilization segment is a strategic growth area, capitalizing on the rising prices of non-ferrous metals [1] Project Optimization - High Energy Environment's subsidiaries have optimized their operations and enhanced resource collaboration, improving core competitiveness [2] - Jingyuan High Energy, the largest producer of bismuth globally, has increased its profitability by optimizing procurement channels and product structure [2] - Jin Chang High Energy focuses on the comprehensive recycling of platinum group metals, enhancing its production processes and capacity [2] Environmental Operations - The environmental operation services are also performing steadily, with projects utilizing AI technology to improve operational efficiency and stability [3]