Ge Long Hui·2025-10-21 08:19Core Viewpoint - Dongwu Securities report indicates that Runben Co., Ltd. achieved a net profit attributable to shareholders of 266 million yuan in Q1-Q3 2025, representing a year-on-year increase of 1.98%. However, in Q3 alone, the net profit was 79 million yuan, showing a year-on-year decrease of 2.89% [1] Group 1: Financial Performance - The company has a strong focus on the mosquito repellent and infant care segments, positioning its products as "high quality and competitively priced" [1] - The forecast for net profit attributable to shareholders for 2025-2027 has been revised down from 330 million/420 million/520 million yuan to 310 million/390 million/480 million yuan, with respective year-on-year growth rates of 3.9%/25.2%/23.7% [1] - The latest closing price corresponds to price-to-earnings ratios of 36/29/24 times for the years 2025-2027 [1] Group 2: Market Strategy - The company employs a strategy of operating with large brands in niche categories, leveraging extreme cost-performance advantages [1] - Despite the impact of weather and other uncontrollable factors on sales of infant care products, the company remains optimistic about the future launch of new infant care products to regain high growth in performance [1]