长城军工：前三季度净亏损1776.7万元 同比减亏

Core Viewpoint - Longcheng Military Industry (601606) reported a decline in Q3 revenue but an overall increase in revenue for the first three quarters of 2025, indicating a mixed performance with improvements in product delivery and gross margin [1] Group 1: Q3 Performance - The company's Q3 operating revenue was 378 million yuan, a year-on-year decrease of 12.62% [1] - The net profit for Q3 was 9.63 million yuan [1] Group 2: Year-to-Date Performance - For the first three quarters, the operating revenue reached 1.077 billion yuan, reflecting a year-on-year growth of 10.79% [1] - The company reported a net loss of 17.77 million yuan for the first three quarters, which represents a reduction in losses compared to the previous year [1] Group 3: Product Delivery and Profitability - The company increased product deliveries in the first three quarters, contributing to the year-on-year revenue growth [1] - There was a change in the sales product structure, which led to an improvement in the overall gross margin [1]