本报（chinatimes.net.cn）记者胡雅文 北京报道 上海市翔丰华科技股份有限公司（下称"翔丰华"，300890.SZ）第三季度收获颇丰。 近日，翔丰华发布2025年三季报，第三季度营收同比增长31.08%，环比增长16.18%；净利润同比增长 26.01%，环比大增339.83%。单季回暖堪称三季报中最为亮眼的数据，翔丰华第三季度净利润为2289.34 万元，是近5个季度的最高利润。10月21日，《华夏时报》记者已就相关问题致函翔丰华，截至发稿未 得回复。 不过，翔丰华前三季度的整体盈利仍不如去年。前三季度，翔丰华的营收同比增长8.16%至11.31亿元， 净利润仅为1994.75万元，同比减少64.64%。同时，翔丰华的毛利率已经低至13.06%。 负极行业供应过剩的局面尚未改变，亏本也要拿单子的情况时有发生。据了解，翔丰华目前主要供应中 低端产品，盈利水平相对不高。隆众资讯负极材料分析师王莉莉告诉记者，"原料价格在上涨，石油焦 （低硫焦）的价格相对去年上涨了1500元左右，去年均价为2500元/吨，今年（截至2025年10月21日均 价）为4098元/吨。同时，负极价格在下降，所以利润肯定是更 ...

Core Viewpoint - In the first half of this year, Qiaqia Food's net profit is expected to decline significantly, marking the largest mid-year profit drop since its listing in 2011, primarily due to rising raw material costs [1][4][6]. Financial Performance - The estimated net profit attributable to shareholders for the first half of the year is projected to be between 80 million and 97.5 million yuan, representing a year-on-year decline of 71.05% to 76.65% [1][4]. - The net profit after deducting non-recurring gains and losses is expected to be between 40 million and 57 million yuan, reflecting a year-on-year decrease of 79.85% to 85.86% [1][4]. - Basic earnings per share are projected to be between 0.158 yuan and 0.192 yuan, compared to 0.605 yuan per share in the same period last year [4]. Reasons for Profit Decline - The decline in net profit is attributed to a significant increase in raw material procurement prices, leading to a substantial drop in gross profit margins [1][6]. - In the first quarter, net profit fell by 67.88% to approximately 77.25 million yuan, with revenue decreasing by 13.76% to 1.571 billion yuan [1][5]. Product and Market Dynamics - Qiaqia Food primarily produces and sells nut snacks, with sunflower seeds being the main source of revenue [1][6]. - The gross profit margin for the snack food business decreased by 5.03% to 26.85%, with sunflower seed margins dropping by 7.92% to 25.23% [6]. - The company has previously raised prices on sunflower seed products to cope with cost pressures, but has not announced any new price increase plans for 2023 [6][8]. Future Outlook - Qiaqia Food plans to increase its investment in new sales channels, such as Sam's Club, which saw a revenue growth of 50%-60% [8]. - The company aims to expand its SKU offerings in the snack wholesale channel, although this may compress profit margins due to the low-margin nature of these sales [8].