本川智能三季报业绩亮眼，营收净利双双高增，盈利能力迈上新台阶

Core Viewpoint - The company has demonstrated strong growth in its third-quarter performance, with significant increases in both revenue and net profit, indicating enhanced profitability in its core business and effective management of capacity, market expansion, and cost control [1][2][3]. Financial Performance - In Q3 2025, the company achieved a revenue of 234 million yuan, a substantial increase of 54.47% year-on-year [2]. - The net profit attributable to shareholders reached 11.62 million yuan, marking a remarkable growth of 109.52% [2]. - Excluding non-recurring gains and losses, the net profit was 11.84 million yuan, reflecting an impressive increase of 287.96% year-on-year, showcasing a significant improvement in core business profitability [2]. Year-to-Date Performance - For the first three quarters of the year, the company reported a cumulative revenue of 614 million yuan, up 43.11% year-on-year [2]. - The cumulative net profit attributable to shareholders was 33.08 million yuan, representing a growth of 56.23% [2]. - The cumulative net profit excluding non-recurring items reached 30.23 million yuan, with a substantial increase of 142.98% year-on-year, indicating a high-quality growth phase [2]. Capacity Expansion and Management - The rapid growth in performance is attributed to increased orders driven by strong market demand, supported by internal capacity expansion and management optimization [3]. - As of the end of the reporting period, the company's fixed asset value reached 560 million yuan, a 39.72% increase from the beginning of the year, while construction in progress decreased by 64.47%, indicating successful completion of prior investments [3]. - The company's operating costs grew by 39.75%, which is lower than the revenue growth of 43.11%, leading to an improvement in gross margin [3]. Capital Operations and Investments - The company is actively seeking opportunities for external growth, with long-term equity investments increasing from 9 million yuan at the beginning of the year to 26.98 million yuan, a growth of 199.77% [4]. - Collaborations with professional institutions are expected to help the company link more quality resources around its main business and explore new growth points [4]. - Overall, the company has successfully converted strong market demand into tangible performance growth through precise market positioning and solid internal capabilities [4].