Core Viewpoint - The company anticipates significant growth in net profit for the first three quarters of 2025, driven by strong performance in the potassium chloride and lithium carbonate segments [4][5]. Group 1: Financial Performance - For the first three quarters of 2025, the company expects a net profit attributable to shareholders of 4.3-4.7 billion yuan, representing a year-on-year increase of 36.9%-49.6% [4]. - The company forecasts a net profit of 1.8-2.2 billion yuan for Q3 2025, showing a substantial year-on-year growth of 93.8%-136.8% and a quarter-on-quarter increase of 31.3%-60.5% [4]. Group 2: Potassium Chloride Segment - The company experienced a significant increase in both volume and price for potassium chloride in Q3 2025, with production reaching 1.276 million tons (up 2.5% year-on-year) and sales of 1.083 million tons (up 16.6% year-on-year) [5]. - The average selling price of potassium chloride in Q3 2025 rose by 23.9% year-on-year and 7.5% quarter-on-quarter, contributing to enhanced profitability [5]. Group 3: Lithium Carbonate Segment - In Q3 2025, the company produced 11,600 tons of lithium carbonate, a decrease of 2.8% year-on-year, while sales increased by 35.4% to 10,900 tons [5]. - The average selling price of lithium carbonate in 2025 is projected to decline by approximately 21.1% compared to 2024, with a year-on-year decrease of 8.7% in Q3 2025 [5]. Group 4: Lithium Salt Integration Project - The company has initiated trial production for its 40,000 tons/year lithium salt integration project, which is expected to enhance its lithium salt production capacity to 80,000 tons/year [6]. - The project is anticipated to yield approximately 3,000 tons of battery-grade lithium carbonate in 2025 [6].