三川智慧：Q3净利9896.48万元，同比增268.99%

Core Viewpoint - The company reported a significant decline in revenue for the first three quarters of 2025, while net profit showed substantial growth, indicating a mixed financial performance influenced by market conditions in the rare earth sector [1] Financial Performance - For the first three quarters of 2025, the company achieved operating revenue of 828 million yuan, a year-on-year decrease of 25.53% [1] - The net profit attributable to shareholders was 144 million yuan, reflecting a year-on-year increase of 101.23% [1] - In the third quarter, revenue was 338 million yuan, down 9.87% year-on-year [1] - The net profit for the third quarter reached approximately 99.9 million yuan, marking a year-on-year increase of 268.99% [1] Market Conditions - The rise in prices of rare earth oxides during the reporting period contributed to the reversal of some inventory impairment losses and write-offs [1] - The subsidiary Tianhe Yongci turned a profit, achieving earnings of 5.63 million yuan [1]