Core Insights - The company reported a significant increase in Q3 performance, with a quarterly revenue of 185 million yuan, representing a year-on-year growth of 94.96%, and a net profit of 49 million yuan, up 1322.74% year-on-year, contributing to a 61.87% increase in net profit for the first three quarters of 2025 [2][3] Revenue and Profit Performance - For the first three quarters of 2025, the company achieved a total revenue of 293 million yuan, a decrease of 2.39% year-on-year, while the net profit attributable to shareholders reached 46 million yuan, an increase of 61.87% [1][2] Project Contributions - Major projects completed and recognized in Q3, such as the Tonghai County Qiluhu Blue Algae Control Project (contract value of 70.8252 million yuan) and the Yixing Offshore Deep Well Algae Control Project (contract value of 53.4 million yuan), significantly boosted revenue [2][3] Order Backlog - As of the report date, the company had a robust order backlog of approximately 501 million yuan, including significant government procurement projects, which provides a strong foundation for future performance [3] Strategic Initiatives - The company is advancing its "Lake Ecological Hospital" model, transitioning from equipment supplier to a comprehensive service provider covering monitoring, diagnosis, governance, and operation [4] International Expansion - The company is exploring international opportunities, having engaged in technical exchanges with South Korean water treatment companies, which has laid the groundwork for future overseas business [4] Growth Forecast - Revenue projections for 2025-2027 are estimated at 524 million yuan, 649 million yuan, and 750 million yuan, with year-on-year growth rates of 16.81%, 24.00%, and 15.52% respectively, while net profits are expected to reach 95 million yuan, 116 million yuan, and 137 million yuan, with substantial growth rates [4]