通鼎互联2025年三季度营收稳健增长，业务结构优化显韧性

Core Insights - The company reported a revenue of 2.446 billion yuan for the first three quarters of 2025, marking a year-on-year increase of 12.71%, with a third-quarter revenue of 924 million yuan, reflecting a significant growth of 27.27% [1] Group 1: Business Performance - The net profit attributable to shareholders for the third quarter was 24.13 million yuan, indicating substantial profitability in core operations despite macroeconomic challenges [2] - The net profit excluding non-recurring items reached 14.485 million yuan in the third quarter, showing a remarkable year-on-year growth of 146.54%, highlighting the strengthening profitability of core business [2] - The net cash flow from operating activities for the year-to-date period was 157 million yuan, representing a significant increase of 142.39%, providing solid financial support for daily operations and R&D [2] Group 2: Asset Expansion and Business Strategy - Total assets reached 6.097 billion yuan at the end of the reporting period, an increase of 11.37% from the previous year, reflecting proactive business expansion [3] - The increase in accounts receivable financing, prepaid accounts, construction in progress, and intangible assets indicates the company's active efforts in mergers and acquisitions to enhance its industry chain [3] - R&D expenses rose by 37.99% compared to the previous year, driven by new subsidiaries and a continued focus on innovation, establishing a strong foundation for maintaining technological leadership in the information communication sector [3]