INTCO RECYCLING(SH:688087) Shang Hai Zheng Quan Bao·2025-10-31 08:09Core Viewpoint - The company has demonstrated resilience in a challenging market environment, expanding its revenue and improving profitability through a clear development path and robust operational strategies, while actively exploring new business growth points and leveraging its diversified product matrix and global channel advantages [1][2]. Financial Performance - For the first three quarters of 2025, the company achieved a cumulative operating revenue of 2.583 billion yuan and a net profit attributable to shareholders of 226 million yuan, with a net profit of 154 million yuan after deducting non-recurring gains and losses [2]. - The increase in non-recurring gains and losses is attributed to the company's investment in financial products using its own funds, resulting in fair value changes and income from matured investments [2]. Shareholder Information - The company has initiated a share repurchase plan, approved on April 7, 2025, allowing for the repurchase of shares at a price not exceeding 41.44 yuan per share, with a total repurchase amount between 40 million yuan and 80 million yuan [3]. - As of September 30, 2025, the company repurchased 848,200 shares, accounting for 0.44% of the total share capital, with a total expenditure of approximately 23 million yuan [4]. Stock Incentive Plan - The company has completed the repurchase and cancellation of 541,835 restricted shares as part of its 2022 stock incentive plan, reducing the total share capital from 194,596,610 shares to 194,054,775 shares [5]. Investor Communication - The company plans to hold an investor performance briefing on November 28, 2025, to discuss the third-quarter results and address investor inquiries [9][10].