Core Viewpoint - Delmar's Q3 2025 report shows a decline in revenue and net profit, attributed to market slowdown and increased R&D investment [1][2]. Financial Performance - For the first three quarters of 2025, Delmar achieved revenue of 2.384 billion yuan, a year-on-year decrease of 0.63% - The net profit attributable to shareholders was 88.7247 million yuan, down 14.66% - In Q3 alone, revenue was 699 million yuan, with a net profit of 20.0441 million yuan [1]. Market Environment - The small home appliance industry is experiencing a slowdown in market growth and intensified competition, impacting Delmar's revenue [1]. - Delmar is focusing on technological breakthroughs in smart cleaning and water health to enhance market competitiveness [1]. Product Innovation - Delmar has launched several flagship products in 2025, including advancements in smart cleaning and water health technologies [1]. - The fourth-generation ice-making technology allows for three output forms: slush, ice cubes, and 5°C ice water, enhancing home ice-making scenarios [1]. Global Expansion Strategy - Delmar is implementing a "multi-brand, multi-category, globalization" strategy to enhance its global operational capabilities [2]. - The company is focusing on both mature and emerging markets, leveraging local teams and channel networks to establish brand presence [2]. Overseas Market Development - Delmar's overseas expansion has shown positive results, with participation in events like the China Homelife exhibition in Vietnam and a product launch in Russia [3]. - Core categories such as vacuum cleaners and humidifiers are now available in major Russian retail channels [3]. Future Outlook - Delmar plans to continue driving growth through technological innovation and a systematic global operation strategy [3]. - The company aims to strengthen its competitive position in the global home appliance market through a dual focus on products and channels [3].
德尔玛：前三季度营收23.84亿元 核心业务创新与全球化协同发力