永和股份：第三季度净利润同比增长485.77%

Core Insights - Yonghe Co., Ltd. reported a significant increase in both revenue and net profit for Q3 2025, with revenue reaching 1.34 billion yuan, a year-on-year growth of 11.42%, and net profit at 198 million yuan, a remarkable increase of 485.77% [1] Financial Performance - For the first three quarters of 2025, the company achieved a total revenue of 3.786 billion yuan, reflecting a year-on-year growth of 12.04%, while net profit stood at 469 million yuan, marking a substantial increase of 220.39% [1] - The primary drivers for these performance improvements include the impact of third-generation refrigerant quotas leading to continuous price increases, an expansion in the production and sales scale of major polymer products, and enhanced quality rates [1] Operational Efficiency - The company has strengthened lean management and cost control measures, which have contributed to an improved profit margin [1]