祥源文旅：第三季度归母净利润约6462.6万元，同比增长27.33%

Core Viewpoint - Zhejiang Xiangyuan Cultural Tourism Co., Ltd. reported significant growth in revenue and net profit for Q3 2025, driven by increased income from scenic area and travel services, as well as effective cost management and government subsidies [1]. Financial Performance - The company's operating revenue for Q3 was approximately 343 million yuan, representing a year-on-year increase of 35.11% [1]. - The net profit attributable to shareholders was about 64.63 million yuan, showing a year-on-year growth of 27.33% [1]. - The net profit after deducting non-recurring items was approximately 64.39 million yuan, reflecting a year-on-year increase of 29.2% [1]. Growth Drivers - The increase in operating revenue and net profit was primarily due to the growth in income from scenic area and travel services [1]. - The company focused on improving quality and efficiency, enhancing cost and expense control, which resulted in the growth rate of operating costs and management expenses being lower than that of operating revenue [1]. - The company also benefited from government subsidy income during the reporting period [1].