Core Insights - The company reported a revenue of 800 million yuan for the first three quarters of 2025, representing a year-on-year decline of 20.37% [1] - The net profit attributable to shareholders reached 13.4486 million yuan, showing a significant year-on-year increase of 253.49% [1] - For the first three quarters, the company disclosed AI-related revenue of 32.2905 million yuan, marking its first report on income generated from AI initiatives [1] Financial Performance - Revenue for the first three quarters: 800 million yuan, down 20.37% year-on-year [1] - Net profit attributable to shareholders: 13.4486 million yuan, up 253.49% year-on-year [1] AI Initiatives - AI-related revenue for the first three quarters: 32.2905 million yuan [1] - AI-related income includes revenue from AI products, AI functionalities in related products, AI-generated content, and services provided using self-developed or third-party AI tools [1]

Core Insights - The company reported a revenue of 806 million yuan for the first three quarters of 2025, a year-on-year decrease of 20.37% [1] - The net profit attributable to shareholders was 13.45 million yuan, showing a significant year-on-year increase of 253.49% [1] - The basic earnings per share stood at 0.07 yuan [2] Financial Performance - The gross margin for the first three quarters of 2025 was 49.52%, an increase of 3.36 percentage points year-on-year [2] - The net profit margin was 1.80%, up 1.15 percentage points compared to the same period last year [2] - In Q3 2025, the gross margin was 50.35%, a year-on-year increase of 6.14 percentage points, but a quarter-on-quarter decrease of 6.45 percentage points [2] - The net profit margin for Q3 was 0.44%, up 1.34 percentage points year-on-year, but down 6.50 percentage points from the previous quarter [2] Expense Management - Total operating expenses for Q3 2025 were 376 million yuan, a decrease of 65.26 million yuan year-on-year [2] - The expense ratio was 46.67%, an increase of 3.06 percentage points year-on-year [2] - Sales expenses decreased by 20.08%, management expenses decreased by 14.50%, and R&D expenses decreased by 7.62% [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 23,000, a decrease of 4,864, or 17.47%, from the end of the previous half [2] - The average market value of shares held per shareholder increased from 227,400 yuan to 333,300 yuan, a growth of 46.57% [2] Company Overview - The company, Beijing Zhi De Mai Technology Co., Ltd., was established on November 10, 2011, and went public on July 15, 2019 [3] - Its main business includes operating the content-based shopping guide platform "What is Worth Buying" and providing promotional services for e-commerce and brands [3] - The revenue composition includes 41.83% from information promotion, 28.38% from internet marketing platform services, 27.62% from operational service fees, 2.00% from brand marketing, and 0.17% from product sales [3]

Core Insights - The company reported a significant increase in revenue and net profit for the first three quarters of 2025, with revenue reaching 805.99 million yuan and net profit of 13.44 million yuan, marking a year-on-year growth of 253.49% [1] - For the first time, the company disclosed its "AI-related revenue," which amounted to 32.29 million yuan, generated from AI products and services [1] Group 1 - The company has successfully transformed its core product "What Worth Buying" into its second generation, enhancing the efficiency of its smart marketing business [2] - The launch of new AI-native products and services, including the "Zhang Dama" app and the "Haina" MCP Server, has created a complete AI e-commerce experience for users [2] - The rapid growth of AI-related business is evidenced by a 47.19% increase in the number of tokens consumed from third-party large model APIs, reaching 10.83 billion in September 2025 [2] Group 2 - The company achieved a reduction in sales and management expenses by 20.08% and 14.50% respectively, while its overall gross margin improved by 3.36 percentage points to 49.52% [3] - The company plans to continue its "comprehensive AI" strategy, increasing investment in AI technology and product development to expand its "AI + consumption" ecosystem [3] - The focus will be on accelerating the application of AI in retail and brand sectors, exploring new forms of consumer applications driven by AI [3]

Core Insights - The company reported a significant increase in revenue and net profit for the first three quarters of 2025, with revenue reaching 805.99 million yuan and net profit of 13.45 million yuan, marking a year-on-year growth of 253.49% [1] Group 1: Financial Performance - For the first three quarters of 2025, the company achieved operating revenue of 805.99 million yuan and a net profit attributable to shareholders of 13.45 million yuan, reflecting a substantial year-on-year increase of 253.49% [1] - The company disclosed AI-related revenue for the first time, amounting to 32.29 million yuan, which includes income from AI products, AI functionalities in related products, and services provided using self-developed or third-party AI tools [1] Group 2: AI Strategy and Development - Since 2023, the company has increased its investment in AI foundational technologies and product applications, establishing an AI product matrix consisting of "1 large model, 2 databases, 3 engines, and 4 types of applications" [1] - The company officially launched its "comprehensive AI" strategy in 2024 and has been implementing it further in 2025, including the release of the second-generation "What is Worth Buying" product in May 2025 and the independent app "Zhang Dama" in September 2025 [1] Group 3: B-end Services and Partnerships - In July 2025, the company developed the "Zhi Shu" AI full-domain content insight platform, and its subsidiaries have integrated AI into merchant matching and content marketing [2] - The company launched the standardized consumer data service capability platform "Hai Na" MCP Server in May 2025 and established strategic partnerships with Weimeng Group and Huawei, upgrading the latter from a "comprehensive partner" to a "strategic partner" [2] - By September 2025, the company reported a monthly consumption of 108.38 billion tokens for third-party large model APIs, a 47.19% increase from June, and the monthly output of the "Hai Na" MCP Server exceeded 20.87 million, up 153.89% from June [2]

Core Insights - The company reported a revenue of 224 million yuan for Q3 2025, representing a year-on-year decline of 24.42% [1] - The net profit attributable to shareholders was 755,900 yuan, showing a significant increase of 119.62% year-on-year [1] - For the first three quarters, the company achieved a total revenue of 806 million yuan, down 20.37% compared to the previous year [1] - The net profit for the first three quarters was 13.4486 million yuan, which is a substantial increase of 253.49% year-on-year [1] - Basic earnings per share for Q3 2025 was 0.00 yuan, while for the first three quarters it was 0.07 yuan [1]

证券代码：300785 证券简称：值得买 公告编号：2025-045 北京值得买科技股份有限公司 关于 2025 年前三季度计提资产减值准备的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 北京值得买科技股份有限公司（以下简称"公司"）根据《深圳证券交易所 上市公司自律监管指引第 2 号——创业板上市公司规范运作》《企业会计准则》 及公司相关会计制度的规定，对截至 2025 年 9 月 30 日合并财务报表范围内相关 资产计提减值准备。现将本次计提的具体情况公告如下： 公司 2025 年前三季度确认信用减值损失 12,675,840.77 元，将减少公司利 润总额为 12,675,840.77 元。 本次计提资产减值准备的程序遵守并符合会计准则和相关政策法规等相关 规定，符合谨慎性原则，符合公司实际情况、依据充分，能够公允、客观、真实 的反映截至 2025 年 9 月 30 日公司的财务状况、资产价值及经营成果，有利于进 一步夯实公司资产，进一步增强企业的风险防范能力，确保公司的可持续发展， 不存在损害公司和股东利益的行为。 本次拟计提减值金额为公司财务 ...

本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 北京值得买科技股份有限公司（以下简称"公司"）第四届监事会第六次会 议于 2025 年 10 月 17 日以电子邮件的方式发出会议通知和议案，会议于 2025 年 10 月 22 日 19:00 在公司会议室以现场会议方式召开。本次会议应到监事 3 人，实到 3 人，会议由公司监事会主席张梅女士主持。本次会议的召集、召开和 表决程序符合《公司法》、《公司章程》、《监事会议事规则》等有关规定。 二、监事会会议审议情况 本次会议与会监事认真审议，通过如下决议： 1、审议通过《2025年第三季度报告》 证券代码：300785 证券简称：值得买 公告编号：2025-043 北京值得买科技股份有限公司 第四届监事会第六次会议决议公告 经审议，监事会认为，董事会编制和审议的《2025年第三季度报告》程序符 合法律、行政法规及中国证监会的规定，报告内容真实、准确、完整地反映了公 司的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 北京值得买科技股份有限公司第四届监事会第六次会议决议。 特此公告。 ...

证券代码：300785 证券简称：值得买 公告编号：2025-042 北京值得买科技股份有限公司 第四届董事会第八次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 北京值得买科技股份有限公司（以下简称"公司"）第四届董事会第八次会 议于 2025 年 10 月 17 日以电子邮件的方式发出会议通知和议案，会议于 2025 年 10 月 22 日 18:00 以现场会议和通讯表决相结合的方式召开。本次会议应出席 董事 7 人，实际出席董事 7 人，其中董事陈莹倩女士、独立董事韩践女士、独立 董事肖土盛先生、独立董事曲凯先生以通讯表决方式出席会议，会议由公司董事 长隋国栋先生主持，全体监事及高级管理人员列席会议。本次会议的召集、召开 和表决程序符合《中华人民共和国公司法》、《公司章程》、《董事会议事规则》 等有关规定。 二、董事会会议审议情况 本次会议与会董事经过认真审议，通过如下决议： 1、审议通过《2025 年第三季度报告》 经审议，董事会认为，公司《2025年第三季度报告》符合法律、行政法规、 中国证券监督管理委员会和深 ...

北京值得买科技股份有限公司 2025 年第三季度报告 证券代码：300785 证券简称：值得买 公告编号：2025-044 北京值得买科技股份有限公司 2025 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 □是 否 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 224,010,265.91 | -24.42% | 805,991,673.59 | -20.37% | | ...

值得买公告，第三季度营收为2.24亿元，同比下降24.42%；净利润为75.59万元，同比增长119.62%。前 三季度营收为8.06亿元，同比下降20.37%；净利润为1344.86万元，同比增长253.49%。 ...