苏州固锝Q3实现营收10.27亿元，净利润同比下降34.55%

Core Viewpoint - Suzhou Goodwill's Q3 2025 report indicates a significant increase in net profit due to adjustments from mergers, despite a decline in revenue driven by customer structure optimization, showcasing a phase of "profit increase, revenue decrease" [3][4]. Financial Performance - In Q3 2025, the company reported a revenue of 1.027 billion yuan, a decrease of 36.39% from the adjusted 1.615 billion yuan in the same period last year [3][5]. - The net profit attributable to shareholders was 18.81 million yuan, down 34.55% from the adjusted 28.74 million yuan year-on-year [3][5]. - The net profit excluding non-recurring gains and losses was 7.11 million yuan, a turnaround from a loss of 13.59 million yuan in the previous year, marking a growth of 152.29% [3][5]. - Basic earnings per share were 0.0233 yuan, a decline of 34.55% from the adjusted 0.0356 yuan in the same period last year [3][5]. Cumulative Results - From January to September 2025, the cumulative revenue was 3.020 billion yuan, down 31.22% from the adjusted 4.391 billion yuan year-on-year [4][5]. - The cumulative net profit attributable to shareholders reached 62.52 million yuan, an increase of 58.69% from the adjusted 39.40 million yuan in the previous year [4][5]. - The net profit excluding non-recurring gains and losses was 21.18 million yuan, up 26.14% from the adjusted 16.79 million yuan year-on-year [4][5]. - Basic earnings per share for the cumulative period were 0.0772 yuan, an increase of 58.20% from the adjusted 0.0488 yuan [4][5]. Cash Flow and Asset Management - The net cash flow from operating activities for January to September 2025 was 24.8 million yuan, a significant improvement from a negative 21.7 million yuan in the previous year, reflecting a year-on-year growth of 214.64% [4][6]. - As of September 30, 2025, total assets were 3.863 billion yuan, a decrease of 7.67% from the adjusted 4.183 billion yuan at the end of the previous year [6]. - The equity attributable to shareholders was 3.083 billion yuan, an increase of 1.78% from the adjusted 3.029 billion yuan at the end of the previous year, indicating steady growth in shareholder equity despite a reduction in asset scale [6].