佛山照明：2025年前三季度业绩波动主要受宏观经济压力增大、行业竞争加剧等外部环境影响

Core Viewpoint - The company reported that its performance in the first three quarters of 2025 is expected to fluctuate due to increased macroeconomic pressures and intensified industry competition, indicating a significant transformation period for the global lighting industry characterized by "overall pressure and structural differentiation" [1] Financial Performance - The company achieved an operating revenue of 6.532 billion yuan and a net profit attributable to shareholders of 141 million yuan in the first three quarters [1] - Despite short-term performance pressures, the company's financial structure is continuously optimizing, with a debt-to-asset ratio of 39.36%, a year-on-year decrease of 1.39 percentage points [1] - Accounts receivable decreased by 137 million yuan compared to the beginning of the year, representing a decline of 3.93%, indicating relatively stable core financial indicators [1]