CJS(SH:600176) Zheng Quan Shi Bao Wang·2025-10-21 12:45Core Insights - China Jushi (600176) reported a revenue of 13.904 billion yuan for the first three quarters, representing a year-on-year growth of 19.53% [1] - The net profit for the same period reached 2.568 billion yuan, a significant increase of 67.51% year-on-year [1] - The company's net profit excluding non-recurring items was 2.612 billion yuan, showing a remarkable growth rate of 125.91% [1] Financial Performance - In Q3 alone, China Jushi achieved a revenue of 4.795 billion yuan, which is a year-on-year increase of 23.17% [1] - The net profit for Q3 was 881 million yuan, reflecting a substantial growth of 54.06% compared to the previous year [1] - The net cash flow from operating activities for the year-to-date period was 2.135 billion yuan, an increase of 99.20% year-on-year [1] Growth Drivers - The primary reasons for the performance growth were attributed to increased sales volume and rising product prices [1] - The high growth rate in net profit excluding non-recurring items was also influenced by a reduction in non-recurring gains and losses, which totaled -443 million yuan during the reporting period [1] Production Capacity Enhancement - China Jushi announced a cold repair and technical upgrade project for a production line with an annual capacity of 180,000 tons, which has reached its expected service life [2] - The design capacity of the production line will be increased to 200,000 tons post-upgrade, with a total investment of approximately 951.09 million yuan [2] - The project is expected to yield an investment return rate of 15.51% and will enhance resource utilization efficiency and control levels through the introduction of new technologies and equipment [2]