璞泰来：Q3净利6.45亿元，同比增69.30%

Core Viewpoint - The company reported strong financial performance in Q3 2025, driven by growth in the downstream power and energy storage battery markets, alongside effective management of costs and operational efficiency [1] Financial Performance - In Q3 2025, the company achieved revenue of 3.742 billion yuan, representing a year-on-year increase of 6.66% [1] - The net profit attributable to shareholders was 645 million yuan, showing a significant year-on-year growth of 69.30% [1] - For the first three quarters, total revenue reached 10.830 billion yuan, up 10.06% year-on-year [1] - The net profit attributable to shareholders for the first three quarters was 1.7 billion yuan, reflecting a year-on-year increase of 37.25% [1] Market and Product Development - The growth in performance is attributed to the robust demand in the power and energy storage battery markets, with the company enhancing its R&D and process innovation capabilities [1] - The company's separator coating processing business has significantly increased sales volume and processing volume, leading to a strong market share growth [1] - The PVDF business effectively capitalized on market opportunities, achieving sales growth through stable product quality amidst fierce competition [1] - The anode materials business has shown gradual improvement in operational conditions through product innovation and cost reduction efforts [1] Cost Management - The company has successfully controlled costs and expenses through improved management efficiency, contributing to the overall increase in profit margins [1]