金价上涨与产品毛利提升 恒邦股份第三季度净利润同比增逾五成

Core Viewpoint - Shandong Hengbang Smelting Co., Ltd. reported strong performance in Q3 2025, with significant increases in both revenue and net profit, driven by high gold prices and increased sales volume [1][2]. Financial Performance - In Q3 2025, the company achieved revenue of 33.394 billion yuan, a year-on-year increase of 94.26% [1]. - The net profit attributable to shareholders was 253 million yuan, reflecting a year-on-year growth of 52.08% [1]. - For the first three quarters of the year, total revenue reached 76.444 billion yuan, up 31.44% year-on-year, while net profit was 562 million yuan, a 20.89% increase [1]. Business Strategy and Developments - The company is focusing on industrial chain collaboration and resource integration, expanding into rare metals and high-purity metal materials for semiconductor applications [2]. - The ongoing conversion of "Hengbang Convertible Bonds" is expected to strengthen the company's capital base, allowing it to better seize industry opportunities amid high gold prices [2]. - Hengbang plans to collaborate with Shenzhen Jiang Copper Financing Leasing Co., Ltd. for financing leasing, with a total financing amount not exceeding 200 million yuan over a 24-month period [2].