Core Insights - Tianfu Energy (600509) reported a decline in both revenue and net profit for Q3 2025, with revenue at 1.863 billion yuan, down 15.13% year-on-year, and net profit at 70.44 million yuan, down 61.02% year-on-year [1] Financial Performance - For the first three quarters of 2025, the company recorded a total revenue of 5.929 billion yuan, representing a year-on-year decrease of 12.1%, while net profit was 374 million yuan, down 24.23% year-on-year [1] - Basic earnings per share for the period stood at 0.2723 yuan [1] Factors Influencing Performance - The decline in net profit for Q3 was primarily due to two factors: the absence of non-recurring gains from carbon emission rights sales, which contributed 62 million yuan in the same period last year, and the lack of income from previously enjoyed tax credits, which were fully utilized in the prior year [1]