智光电气：合同负债较上期大增73.47%，第三季度实现扭亏为盈

Core Viewpoint - The company reported a significant increase in revenue and a return to profitability in Q3 2025, driven by growth in its energy storage business [1] Financial Performance - In Q3 2025, the company achieved revenue of 864 million yuan, marking a year-on-year increase of 32.63%, the highest Q3 revenue since its listing [1] - For the first three quarters of the year, the company recorded total revenue of 2.507 billion yuan, up 32.03% year-on-year [1] - The net profit attributable to the parent company after deducting non-recurring items was 1.7907 million yuan, indicating a turnaround from previous losses [1] Business Development - The company's contract liabilities increased by 73.47% compared to the end of the previous period, reflecting a growing order backlog [1] - The company anticipates continued positive signals in profitability, particularly in Q2 and Q4, which are traditionally peak delivery periods in the industry [1] - In addition to steady growth in its main business, the company is accelerating asset disposal of the Pinglu project to optimize its asset structure and enhance cash flow [1]