安孚科技Q3单季营收11.81亿元，同比下降7.89%，净利润同比增19.5%

Core Insights - Anfu Technology achieved significant net profit growth in Q3 despite a decline in revenue, driven by improved gross margins and reduced financial expenses [1][3]. Financial Performance - Q3 revenue was approximately 1.18 billion, a decrease of 7.89% year-on-year, while net profit attributable to shareholders rose by 19.5% to approximately 67.88 million [2][8]. - For the first three quarters, revenue slightly increased by 0.39% to approximately 3.61 billion, with net profit growing by 16.32% to approximately 174.43 million [2][8]. - The gross margin improved to 49.39% from 48.51% year-on-year, with operating costs decreasing by 1.33% [3][8]. Profitability and Cost Management - The improvement in profitability was attributed to better cost control and a significant reduction in financial expenses, which fell by 40.19% to approximately 18.84 million [3][4]. - The net profit excluding non-recurring items for the first three quarters was approximately 168 million, reflecting a 13.92% increase, which was lower than the overall net profit growth [4][5]. Return on Equity - The weighted average return on equity (ROE) was 8.77%, showing a slight increase of 0.16 percentage points year-on-year, while the Q3 ROE was 3.05%, down by 0.51 percentage points [6]. Stock Performance - Anfu Technology's stock price closed at 38.5 per share, down 1.28%, and has decreased nearly 20% from its year-to-date high of 47.94 [7].