弘元绿能：Q3净利5.32亿元，同比扭亏为盈

Core Viewpoint - Hongyuan Green Energy (603185.SH) reported significant growth in revenue and profitability for Q3 2025, driven by increased prices and sales volume of photovoltaic products [1] Financial Performance - Q3 2025 revenue reached 2.456 billion yuan, representing an 85.50% year-on-year increase [1] - Net profit attributable to shareholders was 532 million yuan, marking a turnaround from loss to profit [1] - For the first three quarters of 2025, total revenue was 5.685 billion yuan, up 6.54% year-on-year [1] - Net profit for the first three quarters was 235 million yuan, also indicating a recovery from previous losses [1] Market Drivers - The primary factors contributing to the performance improvement include the rise in photovoltaic product prices compared to the same period last year and an increase in shipment volumes [1]