鼎龙股份：前三季度净利润同比增长38.02%

Core Viewpoint - Dinglong Co., Ltd. reported a significant increase in net profit for the first three quarters of 2025, indicating strong financial performance and growth in the semiconductor advanced packaging materials sector [1] Financial Performance - In Q3 2025, Dinglong achieved operating revenue of 967 million yuan, a year-on-year increase of 6.57% [1] - The net profit attributable to shareholders in Q3 2025 was 208 million yuan, reflecting a year-on-year growth of 31.48% [1] - For the first three quarters of 2025, the company reported total operating revenue of 2.7 billion yuan, up 11.23% year-on-year [1] - The net profit attributable to shareholders for the first three quarters was 519 million yuan, marking a year-on-year increase of 38.02% [1] Product Development and Market Position - The validation and introduction of semiconductor advanced packaging materials continue with major domestic testing and packaging clients [1] - Several key models of high-end wafer photoresist products are expected to aggressively pursue orders in Q4 2025 [1] - The second phase of the 300-ton annual production line for KrF/ArF high-end wafer photoresist in Pengjiang is scheduled to enter trial operation in Q4 2025, with construction and equipment debugging progressing smoothly [1]