华友钴业：前三季度净利润同比增长39.59%

Core Insights - Huayou Cobalt Co., Ltd. reported a significant increase in revenue and net profit for Q3 2025, driven by integrated operations and rising cobalt prices [1] Financial Performance - Q3 2025 revenue reached 21.744 billion yuan, marking a year-on-year growth of 40.85% [1] - Revenue for the first three quarters of 2025 totaled 58.941 billion yuan, reflecting a year-on-year increase of 29.57% [1] - Net profit attributable to shareholders for Q3 2025 was 1.505 billion yuan, up 11.53% year-on-year [1] - Net profit for the first three quarters of 2025 amounted to 4.216 billion yuan, showing a year-on-year growth of 39.59% [1] - Basic earnings per share stood at 0.88 yuan [1] Operational Drivers - The company's profitability has been enhanced due to the continuous release of advantages from integrated operations in the cobalt industry [1] - The recovery in cobalt metal prices has also contributed to the improved financial performance [1]