赛力斯Q3营收同比增长15.75%，净利润下降1.74% | 财报见闻

Core Insights - The company reported a 15.75% year-on-year increase in Q3 revenue, reaching 48.13 billion yuan, while net profit slightly declined by 1.74% to 2.37 billion yuan [1][4] - Year-to-date, the company has achieved a robust net profit growth of over 30%, attributed to its commitment to a software-defined automotive technology strategy and a user-oriented market approach [1][2] Financial Performance - Q3 revenue was 48.13 billion yuan, up from 41.58 billion yuan in the same period last year, indicating strong market expansion and product sales [1][4] - Year-to-date revenue totaled 110.53 billion yuan, reflecting a 3.67% increase compared to the previous year [2] - Net profit for the first three quarters reached 5.31 billion yuan, a significant increase of 31.56% year-on-year [2] Profitability Metrics - Basic earnings per share rose from 2.67 yuan to 3.34 yuan, marking a 25.09% increase [2] - The gross margin improvement is attributed to the company's strategic focus on software-defined vehicles and diversified product offerings [2] Asset and Equity Growth - Total assets as of September 30, 2025, reached 1215.1 billion yuan, a 28.76% increase from the previous year [2] - Shareholder equity surged to 278.0 billion yuan, up 126.70% from 122.6 billion yuan at the end of the previous year, driven by asset purchases, minority shareholder investments, and retained earnings [2] Cash Flow and Liquidity - The net cash flow from operating activities for the first three quarters was 22.65 billion yuan, a 13.18% increase year-on-year [3] - The company's cash reserves amounted to 59.54 billion yuan, significantly up from 45.96 billion yuan at the beginning of the year [3]