精锻科技Q3实现营收5.05亿元，净利润同比增长38.94%

Core Insights - The company reported a slight increase in revenue for the first three quarters of 2025, achieving 1.67% growth year-on-year, but net profit declined significantly by 20.85% [2] - The third quarter showed strong performance with a 9.73% increase in revenue and a substantial 38.94% rise in net profit compared to the same quarter last year [2] Financial Performance - For the first three quarters, total revenue reached 1.492 billion yuan, while net profit attributable to shareholders was 91.88 million yuan, reflecting a decline [2] - In Q3 alone, revenue was 505 million yuan, with net profit at 31.28 million yuan, indicating a strong recovery [2] Asset and Liability Structure - As of the end of the reporting period, total assets amounted to 7.414 billion yuan, a 4.54% increase from the previous year [3] - Shareholder equity saw a significant rise of 24.76%, reaching 4.737 billion yuan [3] - Notable changes included a 33.09% decrease in cash and a dramatic 375.19% increase in trading financial assets [3] Profit and Cash Flow Analysis - Financial expenses decreased by 33.43%, attributed to reduced interest expenses from convertible bond redemptions and increased exchange gains [4] - Investment income rose by 53.80%, driven by gains from financial products and swaps [4] - Operating cash flow for the first three quarters was 333 million yuan, down 6.08%, while cash flow from financing activities dropped significantly by 69.96% [4]