三和管桩：公司2025年前三季度累计营业收入同比增长3.87%

Core Viewpoint - The company, Sanhe Pile, reported a steady revenue growth of 3.87% year-on-year for the first three quarters of 2025, driven by an increase in product sales volume and an improved gross margin due to a better product mix and higher sales of value-added products [2] Group 1: Revenue Growth - The cumulative operating revenue for the first three quarters of 2025 increased by 3.87% year-on-year [2] - Sales volume showed significant growth, with a 13.75% year-on-year increase in the first half of the year, which was a key driver for revenue enhancement [2] Group 2: Gross Margin Improvement - The improvement in gross margin is attributed to the continuous optimization of the product structure and an increase in the proportion of high-value-added product sales [2] - The sales growth of differentiated products in new fields such as water conservancy has a higher profitability compared to traditional products [2] - The increase in sales of high-end products, such as large-diameter piles used in major industrial projects, further optimized the overall profit structure [2]