10月27日财联社报道（记者 梁祥才）, Benefiting from factors such as the doubling of the price of germanium within the year and the improvement of gross margin, Yunnan Lincang Xinyuan Germanium Industry (002428.SZ) has already exceeded the total net income of the past ten years in the third quarter of this year.

Today, Yunnan Lincang Xinyuan Germanium Industry released its financial report. In the first three quarters of this year, the company achieved revenue of 0.503 billion yuan, a 6.74% year-on-year increase; the net income attributable to shareholders of the listed company was 29.4745 million yuan, a 706.02% year-on-year increase.

Regarding the reasons for the performance changes, Yunnan Lincang Xinyuan Germanium Industry mentioned in the third quarter report that the main reason is the increase in gross margin of the main products in the first three quarters of this year.

In terms of revenue composition, the company's product sales volume changes reduced revenue by 5.4573 million yuan in the first three quarters. Among them: the sales volume of compound semiconductor materials, photovoltaic-grade germanium products, and infrared-grade germanium products (lens blanks) increased compared to the same period last year; while the sales volume of fiber optic-grade germanium products, infrared-grade germanium products (lenses, optical systems), and material-grade germanium products decreased compared to the same period last year.

As for product prices, the product sales price changes increased revenue by 37.2221 million yuan in the first three quarters. Among them: the sales prices of compound semiconductor materials, fiber optic-grade germanium products, and material-grade germanium products increased compared to the same period last year; while the sales prices of infrared-grade germanium products and photovoltaic-grade germanium products decreased compared to the same period last year.

Looking at the cost of goods sold, mainly due to factors such as a decrease in unit manufacturing cost of products, the company's cost of goods sold in the first three quarters decreased by 37.1677 million yuan compared to the same period last year.

Further analysis reveals that the company's net income attributable to the parent in the first three quarters were -11.4953 million yuan, 2.2509 million yuan, 38.7189 million yuan, with Q3 net income increasing by 1518.03% year-on-year, contributing significantly to the company's performance in the first three quarters.

According to financial association journalists' statistics, the company's consolidated net income attributable to the parent company from 2014 to 2023 was approximately 22.19 million yuan. This means that, in terms of net income attributable to the parent company, Yunnan Lincang Xinyuan Germanium Industry has already exceeded the total of the past decade in Q3 of this year.

Behind the sharp rise in Yunnan Lincang Xinyuan Germanium Industry's Q3 performance is the accelerated rise in the price of germanium. According to Choice data, since late June this year, the price of germanium ingots (50 Ω/cm) has been accelerating upwards, reaching 18,750 yuan/kg as of October 25, almost doubling from the beginning of the year.

Currently, germanium has been included in the strategic reserves of many countries. According to USGS data in 2016, the global proven germanium reserves amount to 8,600 metric tons, with the USA ranking first at approximately 45%, followed by China at 41%.

Previously, financial association journalists learned from Yunnan Lincang Xinyuan Germanium Industry that the company has approximately 600 tons of germanium reserves. The production capacity of material-grade germanium products such as germanium ingots is 47.6 tons per year. In recent years, the actual annual output has been around 40 tons, with around 20 tons coming from their own mines, while the remaining raw materials need to be procured externally.

It is worth mentioning that the germanium industry chain of Yunnan Lincang Xinyuan Germanium Industry is quite complete, involving activities from upstream mining to intermediate products like germanium dioxide and zone-refined germanium ingots, as well as downstream processes in sectors like photovoltaics, fiber optics, and infrared technology.