Guangdong Fangyuan New Materials (SH:688148) Ge Long Hui A P P·2025-10-20 12:14Core Insights - Fangyuan Co., Ltd. (688148.SH) reported a significant increase in third-quarter revenue, reaching 590 million yuan, a year-on-year growth of 57.3% [1] - The company experienced a net profit of 28.06 million yuan in the third quarter, while the net profit for the first three quarters of 2025 showed a loss of 121 million yuan [1] Revenue Growth - The revenue growth in the third quarter was primarily driven by sustained demand in the terminal sector, leading to increased market demand for positive electrode materials [1] - The company saw substantial year-on-year increases in the shipment volumes of precursor materials and cobalt sulfate, contributing to the revenue growth [1] - Revenue from technology export projects was recognized according to performance progress, further boosting the company's overall revenue [1] Profitability - The change in net profit for the third quarter was mainly influenced by rising metal prices, which led to an increase in product sales prices [1] - The recognition of revenue from technology export projects also contributed to the significant improvement in the company's comprehensive gross profit margin in the third quarter [1]