Zheng Quan Ri Bao Wang·2025-10-31 11:49Core Viewpoint - *ST阳光地产的2025年三季报显示，尽管公司面临亏损，但营业收入增长，全年营收有望突破3亿元，可能实现“摘星脱帽” [1][2] Financial Performance - In Q3, the company achieved operating revenue of 117 million yuan, a year-on-year increase of 14.86%; total revenue for the first three quarters reached 252 million yuan, up 5.11% [1] - The net profit attributable to shareholders in Q3 was -32.87 million yuan, and for the first three quarters, it was -72.06 million yuan [2] - Operating costs increased by 78.09% year-on-year, primarily due to higher sales costs from increased property sales [2] Contract Liabilities - The company reported contract liabilities of 19.39 million yuan, an increase of 16.53 million yuan compared to the end of the previous year, mainly due to increased pre-sales [1] - Contract liabilities serve as a leading indicator of future revenue, suggesting that revenue recognition is likely in Q4 [1] Cash Flow - The net cash flow from operating activities for the first three quarters was 145 million yuan, a year-on-year increase of 77.87%, indicating sufficient cash flow mainly due to increased cash receipts from sales [2]