涪陵电力：前三季度净利润2.96亿元，同比下降29.58%

Core Viewpoint - Fuling Electric (600452) reported a decline in both revenue and net profit for the third quarter of 2025, primarily due to increased credit impairment losses compared to the previous year [1] Financial Performance - The company's third-quarter revenue was 861 million yuan, a year-on-year decrease of 7.92% [1] - Net profit for the third quarter was 129 million yuan, down 42.39% year-on-year [1] - For the first three quarters of 2025, total revenue reached 2.278 billion yuan, reflecting a year-on-year decline of 5.43% [1] - Net profit for the first three quarters was 296 million yuan, a decrease of 29.58% compared to the same period last year [1] Reasons for Performance Changes - The decline in performance is attributed to the absence of a one-time recovery of long-aged receivables that had previously reduced credit impairment losses in the same period last year, leading to increased credit impairment losses this year [1]