宁波港：前三季度净利润38.75亿元，同比下降5.54%

Core Viewpoint - Ningbo Port (601018) reported a mixed performance in its Q3 2025 financial results, with revenue growth but a significant decline in net profit [1] Financial Performance - Q3 2025 revenue reached 7.968 billion yuan, reflecting a year-on-year increase of 7.86% (adjusted) [1] - Q3 2025 net profit was 1.278 billion yuan, showing a year-on-year decrease of 31.69% (adjusted) [1] - For the first three quarters of 2025, total revenue was 22.882 billion yuan, up 4.68% (adjusted) compared to the previous year [1] - Net profit for the first three quarters of 2025 was 3.875 billion yuan, down 5.54% (adjusted) year-on-year [1] Corporate Actions - In the previous year, the company increased its stake in Taicang Xinhai by acquiring 49% through a capital injection into its subsidiary Taicang Wanfang, resulting in a gain of 1.016 billion yuan from this equity restructuring [1]