三和管桩：2025年前三季度，公司合计减值准备净转回72.73万元

Core Viewpoint - Sanhe Pile (003037) maintains a stable accounts receivable balance that aligns with its sales operations, indicating a controlled credit risk despite a relatively large accounts receivable amount [1] Group 1: Accounts Receivable - The company reported an accounts receivable balance of 1.43 billion yuan as of the end of Q3 2025 [1] - Due to the nature of its business, the company offers certain customers a credit period, resulting in a higher accounts receivable figure [1] - The quality of accounts receivable remains stable, with manageable impairment risks [1] Group 2: Impairment Provisions - For the first three quarters of 2025, the company recorded a net reversal of impairment provisions amounting to 727,300 yuan [1]