飞乐音响前三季度实现营收13.43亿元，净利润同比大增40.16%

Core Viewpoint - The financial performance of Feilo Acoustics in Q3 2025 shows a decline in revenue but an increase in net profit, indicating improved profitability despite revenue challenges [2][3] Financial Performance Summary - Q3 2025 revenue reached 451 million yuan, a decrease of 8.24% year-on-year; net profit attributable to shareholders was 12.495 million yuan, an increase of 13.14%; basic earnings per share rose to 0.005 yuan, up 25% [2] - For the period from January to September 2025, total revenue was 1.343 billion yuan, down 3.74% year-on-year; net profit attributable to shareholders was 35.4907 million yuan, a significant increase of 40.16%; basic earnings per share increased to 0.014 yuan, also up 40% [2] - The weighted average return on equity was 1.43%, an increase of 0.39 percentage points compared to the same period last year, indicating enhanced shareholder returns [2] Cash Flow Analysis - The net cash flow from operating activities in Q3 was 66.4964 million yuan, a year-on-year increase of 69.51%; for the first nine months of 2025, the cumulative net cash flow from operating activities was 119 million yuan, a substantial increase of 102.56% [2] - The improvement in cash flow is attributed to a reduction in operating cash expenditures, demonstrating effective cash flow management [3] Asset and Equity Overview - As of September 30, 2025, total assets were 4.18 billion yuan, a decrease of 2.49% from the end of the previous year; equity attributable to shareholders was 2.493 billion yuan, an increase of 1.44% [3] - The core reasons for changes in key financial metrics include a decrease in operating expenses and reduced cash expenditures, which have alleviated short-term revenue fluctuations and boosted profitability [3]