青岛双星：公司三季度实现营业收入12.2亿元，同比增长17%

Core Viewpoint - Qingdao Double Star reported a significant increase in both revenue and net profit for Q3 2025, driven by product structure adjustments and the gradual ramp-up of its Cambodia factory [1] Financial Performance - The company achieved a revenue of 1.22 billion yuan in Q3 2025, representing a year-on-year growth of 17% [1] - Net profit attributable to shareholders increased by 40% year-on-year [1] - Revenue from key products such as rare earth gold, fully explosion-proof, and EV tires grew by 29.5% year-on-year, contributing to the overall revenue and price increase [1] Operational Insights - The growth in revenue and profit is attributed to product structure adjustments and the gradual production capacity increase at the Cambodia factory [1] - The Cambodia PCR (passenger car tire) production has not yet fully ramped up, which has prevented the company from achieving overall profitability [1] Future Strategy - The company plans to continue product structure adjustments and accelerate the release of production capacity at the Cambodia factory [1] - There will be a focus on deepening collaboration with Kumho Tire and implementing internal cost reduction and efficiency improvement measures to enhance overall profitability [1]