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蓝思科技Q3营收净利双增 在建工程激增48%

Core Insights - Lens Technology (300433.SZ) reported a revenue of 20.702 billion yuan for Q3 2025, representing a year-on-year growth of 19.25% and a net profit of 1.7 billion yuan, up 12.62% year-on-year [2] - For the first three quarters of 2025, the company achieved a total revenue of 53.663 billion yuan, a 16.08% increase year-on-year, and a net profit of 2.843 billion yuan, reflecting a 19.91% growth [2] - The company completed its listing on the Hong Kong Stock Exchange in Q3, raising 4.768 billion HKD, with plans to allocate approximately 48% of the funds to enhance product and service offerings, 28% for expanding overseas operations, 14% for improving vertical integration in smart manufacturing, and 10% for working capital and other general corporate purposes [2] Financial Performance - Q3 2025 revenue: 20.702 billion yuan, up 19.25% year-on-year [2] - Q3 2025 net profit: 1.7 billion yuan, up 12.62% year-on-year [2] - Revenue for the first three quarters of 2025: 53.663 billion yuan, up 16.08% year-on-year [2] - Net profit for the first three quarters of 2025: 2.843 billion yuan, up 19.91% year-on-year [2] - Cash flow from operating activities for the first three quarters: 5.844 billion yuan, down 7.09% year-on-year [2] - Total assets as of the reporting period: 83.539 billion yuan, up 3.11% from the beginning of the year [2] - Shareholder equity: 53.845 billion yuan, up 10.66% from the beginning of the year [2] Investment and Expansion - The balance of construction in progress at the end of the period: 1.952 billion yuan, up 47.94% from the beginning of the year, primarily due to ongoing projects in Vietnam and Thailand [2] - The company is focusing on global capacity expansion and diversifying its product offerings [3]