Core Insights - Jiangxi Aifenda Heating Technology Co., Ltd. (Aifenda) reported its Q3 2025 financial results, showing a revenue of approximately 300 million yuan, an increase of 8.79% year-on-year, while net profit attributable to shareholders decreased by 13.19% to 36.63 million yuan [2] - For the first three quarters of the year, Aifenda achieved a revenue of 805 million yuan, up 7.99% year-on-year, and a net profit of 96.41 million yuan, an increase of 11.71% [2] Company Overview - Aifenda specializes in the research, design, production, and sales of heating and ventilation home products and components, with a focus on towel racks and related accessories [2] - The company was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on September 10 this year [2] Financial Projections - According to the prospectus, Aifenda's projected revenues for 2022, 2023, and 2024 are 762 million yuan, 830 million yuan, and 1.05 billion yuan, respectively, primarily from towel racks and heating components [2] Fundraising and Investment - After its IPO, Aifenda raised approximately 546 million yuan, which will be used for upgrading automation production lines for towel racks and supplementing working capital [2] Export Market - Aifenda's export business accounts for about 90% of its total revenue, with a significant portion of sales concentrated in Europe, particularly the UK, which represents over 60% of its sales [3] - The company faces foreign exchange losses due to its export transactions being settled in USD, EUR, and GBP, with losses recorded at 8.35 million yuan, 11.45 million yuan, and 6.42 million yuan for the years 2022, 2023, and 2024, respectively [3] Market Risks - The primary consumer markets for Aifenda's towel racks are developed countries and regions such as Europe and the United States. A slowdown in real estate investment, declining second-hand home transactions, or reduced household income in these regions could negatively impact demand for Aifenda's products [3]
艾芬达三季度归母净利润下滑13.19% 外销业务收入占比约九成