Buydeem Group(SZ:300824) Xin Lang Cai Jing·2025-10-25 00:31Core Insights - The company reported a significant increase in revenue and net profit for Q3 2025, with total revenue reaching 650 million yuan, a year-on-year growth of 28.6%, and net profit attributable to shareholders at 80 million yuan, up 113.3% [1] - The company's domestic brand business is a key growth driver, showing stable growth despite challenges in the international market [2] Financial Performance - For Q3 2025, the company achieved revenue of 220 million yuan, reflecting a 19.0% increase year-on-year, and net profit attributable to shareholders of 30 million yuan, which is a remarkable increase of 288.9% [1] - The gross margin for Q3 2025 was 46.4%, an increase of 3.5 percentage points year-on-year, driven by the rising contribution of the high-margin domestic business [3] Business Segments - Domestic business revenue reached 470 million yuan, a year-on-year increase of 43.0%, significantly outperforming the domestic kitchen small appliance industry [2] - The overseas brand business faced challenges due to complex international trade conditions, generating revenue of 36.42 million yuan, a decline of 16.6% year-on-year [2] - The OEM/ODM business demonstrated resilience, achieving revenue of 140 million yuan, a year-on-year growth of 7.6% [2] Cost Management - The company successfully reduced its overall expense ratio to 35.8%, down 6 percentage points year-on-year, with specific reductions in sales, management, R&D, and financial expense ratios [3] - The net profit margin for Q3 2025 was 12.4%, an increase of 8.6 percentage points year-on-year, indicating improved profitability [3] Future Outlook - The company is expected to continue benefiting from its differentiated high-end brand positioning and ongoing product innovation in the domestic market, with projected net profits for 2025, 2026, and 2027 at 128 million, 156 million, and 186 million yuan respectively [3]