单季度来看，2025年第三季度公司营业收入13.4亿元，同比增长11.42%，归母净利润达1.98亿元，同比 增幅高达485.77%。基本每股收益1.09元，较上年同期的0.39元增长179.49%。 永和股份（605020）10月20日晚间公告，公司前三季度实现营业收入37.86亿元，同比增长12.04%；归 母净利润4.69亿元，同比大幅增长220.39%；扣非净利润4.57亿元，同比增长223.74%，盈利能力显著提 升。 现金流方面，2025年前三季度，公司经营活动产生的现金流量净额达5.02亿元，同比增长86.56%，主要 得益于营业收入增长及盈利水平提升。投资活动现金流净额为-4.92亿元，筹资活动现金流净额2.05亿 元。 费用管控方面，2025年前三季度，公司销售费用同比小幅增长1.79%，管理费用同比增长11.88%，研发 费用同比增长8.14%，财务费用同比下降25.59%。在营收增长的同时，各项费用控制合理，尤其是财务 费用的下降，进一步提升了公司的盈利空间。其中，研发费用的持续投入，为公司技术创新和产品迭代 提供了保障，助力公司在行业竞争中保持技术优势。 股东结构方面，前十大股东中新出 ...

【永和股份三季报：Q3营收、净利润双增，前三季度盈利大幅提升】10月20日，永和股份(605020.SH) 披露三季报。第三季度，公司实现营收13.4亿元，同比增11.42%；归属上市公司股东净利润1.98亿元， 同比大增485.77%。 前三季度，永和股份营收达37.86亿元，同比增长12.04%；归属上市公司股东净利 润4.69亿元，同比提升220.39%。因受第三代制冷剂配额影响，产品售价上扬、毛利率提高，主要聚合 物产品产销规模扩大、优等品率提升，且公司加强管理、控制成本，盈利空间得以提升。 本文由 AI 算法生成，仅作参考，不涉投资建议，使用风险自担 和讯猎报 10.20 17:36:15 周一 【永和股份三季报:Q3营收、净利润双增,前三季 度盈利大幅提升】 10月20日,永和股份 (605020.SH)披露三季报。第三季度,公司实现营收 13.4亿元,同比增11.42%;归属上市公司股东净利 润1.98亿元,同比大增485.77%。前三季度,永和 股份营收达37.86亿元,同比增长12.04%;归属上 市公司股东净利润4.69亿元,同比提升220.39%。 因受第三代制冷剂配额影响,产品售价上扬 ...

人民财讯10月20日电，永和股份（605020）10月20日发布2025年三季报，公司第三季度营业收入13.4亿 元，同比增长11.42%；净利润1.98亿元，同比增长485.77%。2025年前三季度营业收入37.86亿元，同比 增长12.04%；净利润4.69亿元，同比增长220.39%。业绩变动的主要原因是，受第三代制冷剂配额影 响，产品售价持续上涨，毛利率上升；主要聚合物产品的产销规模扩大、优等品率提升；加强精益管 理、强化成本控制，提升盈利空间。 ...

Financial Data and Key Metrics Changes - Revenue growth of 4.6% was achieved, with adjusted EBITDA growth of 8% and adjusted EBITDA margin expanding by 100 basis points [6][22] - Adjusted earnings per share reached 1.77, and adjusted free cash flow for the year to date was $1,420,000,000 [6][23] - The company updated its full year 2025 financial guidance, expecting revenue in the range of $16,675,000,000 to $16,750,000, adjusted EBITDA between $5,275,000,000 and $5,325,000, and adjusted earnings per share between $6.82 and $6.90 [15][16] Business Line Data and Key Metrics Changes - Organic revenue growth was driven by strong pricing, with average yield on total revenue at 4.1% and related revenue at 5% [7][18] - Environmental Solutions revenue decreased by $11,000,000 compared to the prior year, impacted by lower event volumes and sluggish manufacturing activity [22] - Adjusted EBITDA margin in the Environmental Solutions business remained flat at 23.7% compared to the prior year [22] Market Data and Key Metrics Changes - The average commodity price for recycling was $149 per ton during the second quarter, down from $173 per ton in the prior year [20] - Current commodity prices are approximately $130 per ton, with an expected full year average of around $140 per ton [21] - The company experienced a 47% increase in landfill C and D volume driven by hurricane cleanup activity and a 22% increase in landfill special waste revenue due to wildfire remediation efforts [20] Company Strategy and Development Direction - The company is focused on sustainability, with ongoing investments in employee training, plastic circularity, and decarbonization [10] - The development of polymer centers and renewable natural gas projects is advancing, with commercial production expected to begin in the fourth quarter [11][12] - The company plans to continue strategic acquisitions, with a pipeline supportive of continued activity in recycling and waste [14] Management's Comments on Operating Environment and Future Outlook - Management noted that the current demand environment is challenging, particularly in construction and manufacturing end markets, but remains optimistic about future recovery [31][47] - The company is committed to maintaining competitive wages and benefits for employees while managing labor disruptions effectively [40][42] - Management expressed confidence in the long-term growth potential of the business, particularly as manufacturing activity resumes [78] Other Important Information - The company returned $407,000,000 to shareholders through dividends and share repurchases, marking the 22nd consecutive year of dividend increases [14][15] - Total debt stood at $13,100,000,000, with total liquidity of $3,000,000,000 and a leverage ratio of approximately 2.5 times [23] Q&A Session Summary Question: Can you parse out the $200,000,000 reduction in the revenue guide? - The reduction is primarily due to lower volume expectations in recycling and waste, driven by weakness in construction and manufacturing end markets, accounting for about $65,000,000 of the reduction [29] Question: What is the estimated impact from labor disruption? - The impact includes additional labor costs to service customers and credits issued to customers in affected markets [38] Question: How does the company mitigate the impact of higher wages? - The company focuses on competitive wages to retain talent while ensuring that wage levels do not impair competitiveness [40][42] Question: What is the outlook for pricing discussions for next year? - The company is working to pass through cost increases to customers and expects to maintain a margin spread of 30 to 50 basis points per year [60] Question: How is the M&A pipeline looking? - The M&A pipeline remains strong, with a focus on regional deals and small tuck-ins, although no transformational deals are expected in the immediate term [82] Question: What is the current status of labor agreements? - The company has recovered from most sympathy strikes and is negotiating agreements in a few remaining markets [117]