Grace(SH:603256) Ge Long Hui·2025-10-29 10:24Core Viewpoint - Honghe Technology (603256.SH) reported significant growth in both revenue and net profit for the third quarter and the first three quarters of the year, driven by increased prices and sales of electronic-grade fiberglass cloth [1] Financial Performance - In Q3, the company achieved revenue of 302 million yuan, representing a year-on-year increase of 43.10% [1] - The net profit attributable to shareholders for Q3 was 51.43 million yuan, showing a remarkable year-on-year growth of 644.41% [1] - For the first three quarters, the total revenue reached 852 million yuan, with a year-on-year growth of 37.76% [1] - The net profit attributable to shareholders for the first three quarters was 139 million yuan, reflecting a staggering year-on-year increase of 1696.45% [1] Drivers of Growth - The substantial growth in performance is primarily attributed to the year-on-year increase in prices of mid-to-high-end electronic-grade fiberglass cloth and an increase in sales volume [1] - The company is set to begin mass production and delivery of high-performance products, including low dielectric constant fiberglass cloth and low thermal expansion coefficient fiberglass cloth, starting in the first half of 2025, which is expected to further boost revenue and net profit [1]