Core Insights - Yongxing Co., Ltd. reported a robust growth in its performance for the first three quarters of 2025, with both operating revenue and net profit attributable to shareholders showing double-digit year-on-year increases [1][2] - The company achieved operating revenue of 3.25 billion yuan, a 16.3% increase compared to the same period last year, and a net profit of 746 million yuan, reflecting a 15% year-on-year growth [1] - The third quarter of 2025 marked the highest revenue quarter in the company's history, with operating revenue reaching 1.186 billion yuan, a 23.36% increase year-on-year, and a net profit of 275 million yuan, up 27.38% [1] Revenue Growth Drivers - The revenue growth in 2025 is primarily attributed to the significant increase in the capacity utilization rate of waste incineration power generation projects [1] - Enhanced collaborative disposal of existing waste and increases in total waste processed and waste incineration power generation have effectively boosted the company's performance [1] - The acquisition of controlling shares in Xinzhou Jiejin Company completed in the first half of the year has also begun to show a positive impact on the company's financial results [1] Financial Strategy - Concurrently with the third-quarter report, Yongxing Co., Ltd. announced plans to publicly issue company bonds not exceeding 3 billion yuan to optimize its debt structure and meet funding needs for further development [2] - The company's financial expenses for the first three quarters decreased by over 49 million yuan compared to the same period last year, supporting the growth of profit indicators [2] - The ongoing optimization of the company's debt structure is expected to provide stable financial support for performance growth and enhance its financial strength for business expansion [2] Market Outlook - The third-quarter report aligns with market expectations for Yongxing Co., Ltd.'s steady growth, highlighting the quality advantages in its core business and profitability [2] - The performance growth driven by increased capacity utilization is anticipated to continue, providing strong support for stable and healthy development in the future [2]
永兴股份披露三季报 公司业绩持续稳增