BNMC(SH:601011) Zheng Quan Shi Bao Wang·2025-10-24 09:13Core Viewpoint - Baotailong (601011) reported a significant decline in revenue and a net loss for Q3 2025, but managed to turn a profit for the first three quarters due to strategic asset sales and changes in product focus [1] Financial Performance - Q3 2025 revenue was 122 million yuan, a year-on-year decrease of 61.54% [1] - Net profit for Q3 2025 was -48.53 million yuan [1] - Revenue for the first three quarters of 2025 was 479 million yuan, down 57.55% year-on-year [1] - Net profit for the first three quarters was 50.36 million yuan, with a basic earnings per share of 0.026 yuan [1] Key Factors Influencing Performance - The company sold 55% of its stake in its subsidiary, Jixi Baotailong Investment Co., Ltd., realizing an investment gain of 214 million yuan [1] - A shift in sales focus from coke products, which had a gross loss of 175 million yuan, to coal products, which generated a gross profit of 126 million yuan [1] - Management expenses were reduced by 79 million yuan due to enhanced cost control measures [1]