Core Viewpoint - The financial performance of the company, 欢乐家, has significantly declined in the first three quarters of 2025, with substantial decreases in both revenue and net profit compared to the previous year [1] Financial Performance - For the first three quarters of 2025, the company reported an operating income of approximately 1.04 billion yuan, a year-on-year decrease of 22.2% [1] - The net profit attributable to shareholders was approximately 10.53 million yuan, reflecting a year-on-year decrease of 87.4% [1] - In the third quarter alone, the operating income was about 294 million yuan, down 25.5% year-on-year [1] - The net profit for the third quarter showed a loss of approximately 8.03 million yuan, a dramatic year-on-year decrease of 713.9% [1] Reasons for Performance Changes - The primary reasons for the performance decline include significant increases in the procurement costs of key raw materials [1] - Changes in product structure and the expansion into diversified channels such as snack specialty chain stores and initial processing of coconut raw materials (coconut milk) contributed to the performance [1] - A reduction in spending on purchased goods and tax expenses led to an increase in the net cash flow from operating activities [1]
欢乐家：前三季度净利润同比减少87.4%