中证报中证网讯(王珞)10月29日晚间，旭光电子（600353）发布2025年三季报。公司前三季度业绩稳健 增长，第三季度单季表现尤为亮眼。 公告显示，2025年前三季度，旭光电子实现营业收入11.81亿元，同比增长5.57%；实现净利润1.01亿 元，同比增长25.04%，扣除非经常性损益后的净利润达到9743.71万元，同比增长37.81%，利润增速远 高于营收增速。单季度来看，三季度公司实现营收3.96亿元，同比增长17.37%；实现净利润3724万元， 同比增长51.39%；扣非净利润3717.59万元，同比增幅达74.64%，展现出强劲的增长势头。 对于业绩增长的原因，公司表示主要得益于公司持续加大研发投入，新产品销售增加带动了产品结构优 化，同时内部降本增效措施成效显现。 资料显示，旭光电子主要聚焦电真空器件的经营和拓展，并专注于相关领域产品的研发、设计、生产和 销售。公司主要产品包括真空灭弧室、固封极柱、大功率激光器射频电子管、新型电力及新能源成套设 备等。 报告期内，公司发布了两大核心新品，关键指标实现重大突破。一是"126kV/145kV真空灭弧室"，作为 旭光电子深耕高压领域的核心产品，该 ...

Core Viewpoint - Chengdu Xuguang Electronics Co., Ltd. reported a steady growth in revenue and profit for the first half of 2025, reflecting the company's strong position in the power equipment, military, and electronic materials industries [2][3][15]. Company Overview and Financial Indicators - The company achieved an operating income of approximately 784.31 million yuan, a slight increase of 0.47% compared to the same period last year [2][3]. - The total profit reached approximately 64.01 million yuan, marking a 5.82% increase year-on-year [2][3]. - The net profit attributable to shareholders was approximately 63.84 million yuan, representing a 13.52% increase compared to the previous year [2][3]. - The net cash flow from operating activities significantly improved to approximately 61.34 million yuan, a remarkable increase of 983.98% [2][3]. Industry and Main Business Situation - The power equipment industry is experiencing robust growth due to the ongoing green and low-carbon transition, with significant investments in power infrastructure [3][4]. - In the first half of 2025, the national electricity consumption reached 4.84 trillion kWh, a year-on-year increase of 3.7%, indicating stable demand for electricity [3][4]. - The military industry is supported by a stable national defense budget of approximately 1784.67 billion yuan, which is expected to drive growth in military-related sectors [5][6]. - The electronic ceramics market is expanding, with a projected global market size of 51.4 billion yuan by 2026, driven by increasing demand in semiconductor and new energy sectors [6][7]. Main Business Overview - The company focuses on vacuum electronic devices, including vacuum interrupters, high-power laser RF tubes, and new energy equipment, establishing itself as a key player in these sectors [7][8][9]. - The vacuum interrupter is a core component in power switchgear, with the company being one of the largest manufacturers in China, capable of producing over 1.2 million units annually [8][9]. - The company has developed a comprehensive product line in military applications, including missile detonation devices and precision components for aerospace [10][11]. Competitive Advantages - The company has established a strong position in the vacuum interrupter market, with advanced technology and a complete production chain [21][22]. - It has successfully developed high-performance aluminum nitride materials, achieving domestic production capabilities that meet international standards [22][23]. - The company is recognized as a national high-tech enterprise, with a robust R&D and production capacity in vacuum electronic devices [23][24].