Ge Long Hui A P P·2025-10-27 10:24Core Insights - The company, Fuyao Glass (601865.SH), reported a significant decline in both revenue and net profit for the first three quarters of 2025, with revenue at 12.464 billion yuan, a year-on-year decrease of 14.66%, and net profit attributable to shareholders at 638 million yuan, down 50.79% [1] Revenue Performance - The revenue for the first three quarters was 12.464 billion yuan, reflecting a 14.66% decrease compared to the same period last year [1] - The decline in revenue is primarily attributed to the decrease in sales prices of photovoltaic glass [1] Profitability Analysis - The net profit attributable to shareholders was 638 million yuan, which represents a 50.79% year-on-year decline [1] - Although operating costs were reduced due to lower prices of some raw materials and efficiency improvement measures, these reductions were insufficient to offset the impact of falling sales prices [1]