利元亨(688499.SH)：前三季度净利润4749.29万元

Core Viewpoint - Liyuanheng (688499.SH) reported significant growth in revenue and net profit for Q3 2025, indicating strong operational performance and effective cost control measures [1] Financial Performance - The company's Q3 revenue reached 895 million yuan, representing a year-on-year increase of 90.63% [1] - Net profit for Q3 was 14.08 million yuan [1] - For the first three quarters of 2025, total revenue was 2.424 billion yuan, showing a year-on-year growth of 4.37% [1] - Net profit for the first three quarters amounted to 47.49 million yuan, with a basic earnings per share of 0.28 yuan [1] Operational Efficiency - The increase in net profit is attributed to higher revenue, effective cost control measures, and improvements in gross margin and gross profit [1] - The company experienced a reduction in project cycle times and a decrease in total and proportionate period expenses [1] - There was a recovery in customer payments, which contributed to reversing some credit impairment losses [1]