核心业务表现强劲，大幅加码研发投入，金固股份前三季度净利润同比增长29.77%

Core Viewpoint - Jingu Co., Ltd. reported a revenue of 3.086 billion yuan for the first three quarters of 2025, marking a year-on-year increase of 6.91%, with a net profit attributable to shareholders of 42 million yuan, up 29.77% year-on-year, driven by strong performance in core business segments [1] Financial Performance - Revenue for the first three quarters of 2025 reached 3.086 billion yuan, a 6.91% increase year-on-year [1] - Net profit attributable to shareholders was 42 million yuan, reflecting a year-on-year growth of 29.77% [1] - Deducting contingent financial expenses, the net profit for the first three quarters would be approximately 113.11 million yuan, representing a year-on-year increase of about 249.41% [1] R&D Investment - The company significantly increased its R&D investment, with expenses rising by 136.79% year-on-year [1] - Jingu Co., Ltd. is focusing on the development of new products, particularly the revolutionary material "Avatar Niobium Microalloy" [1] Product Development and Market Strategy - The Avatar Niobium Microalloy material offers unique advantages, achieving a maximum strength of 2000 MPa, which is twice that of titanium alloys and five times that of aluminum alloys [1] - The company is transforming some traditional wheel production lines into dedicated production lines for Avatar low-carbon wheels to alleviate capacity constraints [2] - Jingu Co., Ltd. is exploring applications of Avatar material in emerging fields such as robotics and electric transportation, aiming to build a diversified product matrix around new materials [2]