万里扬：前三季度净利润同比增长32.58%

Core Insights - Wanliyang (002434) reported a decline in revenue and net profit for Q3 2025, with revenue at 1.39 billion yuan, a year-on-year decrease of 10.65%, and a net profit of 64.15 million yuan, down 12.02% [1] - For the first three quarters of 2025, the company achieved a revenue of 4.201 billion yuan, a year-on-year decrease of 2.14%, while net profit increased by 32.58% to 341 million yuan [1] Financial Performance - Q3 2025 revenue: 1.39 billion yuan, down 10.65% year-on-year [1] - Q3 2025 net profit: 64.15 million yuan, down 12.02% year-on-year [1] - First three quarters 2025 revenue: 4.201 billion yuan, down 2.14% year-on-year [1] - First three quarters 2025 net profit: 341 million yuan, up 32.58% year-on-year [1]