XTC(SH:600549) Shang Hai Zheng Quan Bao·2025-10-24 18:37Core Viewpoint - The company reported significant growth in revenue and net profit for the first three quarters of 2025, indicating strong performance across various business segments, particularly in tungsten-molybdenum and new energy materials [6][7][8]. Financial Performance - For the first three quarters of 2025, the company achieved consolidated operating revenue of 32 billion yuan, a year-on-year increase of 21.36% [6]. - The net profit attributable to shareholders was 1.782 billion yuan, up 27.05% year-on-year, while the net profit excluding non-recurring gains and losses was 1.715 billion yuan, reflecting a 39.63% increase [6]. Business Segments - Tungsten-Molybdenum Business: Revenue reached 14.568 billion yuan, a growth of 11.47%, with total profit of 2.325 billion yuan, up 20.13%. The third quarter saw a quarter-on-quarter profit increase of 42.84% [6][7]. - New Energy Materials: Revenue from this segment was 13.059 billion yuan, growing by 29.80%, with total profit of 612 million yuan, an increase of 48.93%. Lithium cobalt oxide sales rose by 45% [7]. - Rare Earth Business: Revenue was 4.333 billion yuan, up 35.27%, with total profit of 185 million yuan, a 2.74% increase. Excluding the previous year's one-time gains, profit growth was 35.83% [8]. - Real Estate Business: Revenue was 40 million yuan, a 15.19% increase, but total profit was a loss of 62 million yuan, down 1.3 million yuan from the previous year due to the absence of one-time gains [8]. Corporate Actions - The company approved a plan to establish a wholly-owned subsidiary for the construction of a metal cutting solution engineering center, with an investment of 387.86 million yuan, aimed at enhancing service capabilities in the cutting tool sector [17][18]. - The board also approved the use of 1.6 billion yuan of temporarily idle funds for wealth management, focusing on high-security, liquid investments [24][26]. Governance and Compliance - The board confirmed that all financial reports are accurate and complete, with no significant omissions or misleading statements [2][3]. - The company has adhered to necessary procedures for the approval of financial and investment decisions, ensuring compliance with relevant regulations [30][31].