中衡设计：现金流改善超60%，三季度业绩显韧性

Core Viewpoint - Zhongheng Design (603017) reported a recovery in its third-quarter performance, with revenue of approximately 257 million yuan, a year-on-year increase of 1.99%, and a net profit attributable to shareholders of -1.0444 million yuan, a 75% year-on-year improvement [1][2] Financial Performance - The company achieved a significant increase in net cash flow from operating activities, reaching 128 million yuan in the first three quarters, a year-on-year growth of 63.35% [1] - The third-quarter revenue reflects a stabilization trend amid challenging industry conditions [1] Strategic Initiatives - Zhongheng Design is actively involved in legal activities to unfreeze funds and ensure liquidity, while controlling cash expenditures [1] - The company is a leading enterprise in productive services in Suzhou, contributing to national new productivity initiatives in sectors such as commercial aerospace, low-altitude economy, new energy, and biomedicine [1] Project Involvement - The company has secured multiple high-end manufacturing projects, including the production base for liquid rockets for Starry Sky Glory and the intelligent manufacturing center for Shandong Arrow Yuan [1] - Zhongheng Design has a strong foundation in urban renewal, promoting cultural heritage and urban regeneration through projects like the "Pengcheng Qili" cultural axis in Xuzhou [1] Sustainability and Innovation - The company is committed to the "dual carbon" strategy, with established research centers for low-carbon building design and technology [2] - Zhongheng Design has achieved multiple certifications, including LEED Platinum and three-star ratings for green and healthy buildings, positioning itself as an industry benchmark for sustainability [2] Talent and Industry Position - The company maintains a strong talent pool, including national engineering design masters and special experts, enhancing its competitive edge [2] - Zhongheng Design continues to rank among the top tier of listed companies in its industry, demonstrating healthy development in its core business [2]