中信博：第三季度净利润亏损3596.1万元

Core Viewpoint - The company reported a significant decline in revenue and a net loss for the third quarter of 2025, indicating ongoing challenges in the industry due to competitive pressures and market adjustments [1] Financial Performance - Revenue for the third quarter was 1.341 billion yuan, a year-on-year decrease of 48.54% [1] - The net profit for the third quarter was a loss of 35.961 million yuan, marking a shift from profit to loss compared to the previous year [1] - For the first three quarters, the net profit was 121 million yuan, reflecting a year-on-year decline of 71.59% [1] Industry Context - The domestic industry is still in a phase of capacity clearing, with a severe competitive landscape [1] - To maintain market position, the company has increased the proportion of lower-priced fixed supports in its product structure, which has negatively impacted the overall gross margin [1]