Lily Group(SH:603823) Xin Lang Cai Jing·2025-10-28 10:10Core Insights - The company reported a decline in revenue and net profit for the first three quarters of 2025, with total revenue at 1.638 billion yuan, down 8.58% year-on-year, and net profit attributable to shareholders at 135 million yuan, down 5.84% year-on-year [1][2] - The gross margin improved slightly to 21.53%, an increase of 0.85 percentage points year-on-year, while the net margin also saw a slight increase to 9.56%, up 0.20 percentage points year-on-year [1] Financial Performance - For the first three quarters of 2025, the company reported earnings per share of 0.32 yuan, with a weighted average return on equity of 5.67% [1] - The third quarter of 2025 saw a gross margin of 21.65%, up 0.29 percentage points year-on-year but down 0.45 percentage points quarter-on-quarter; the net margin was 8.51%, down 0.34 percentage points year-on-year and down 2.76 percentage points quarter-on-quarter [1] Expense Analysis - Total operating expenses for the third quarter were 165 million yuan, an increase of 1.706 million yuan year-on-year, with an expense ratio of 10.08%, up 0.96 percentage points year-on-year [2] - Sales expenses increased by 3.65% year-on-year, while management expenses decreased by 1.73%, and research and development expenses increased by 12.03% [2] Shareholder Information - As of the end of the third quarter of 2025, the total number of shareholders was 18,800, a decrease of 6,177 shareholders or 24.69% from the end of the first half of the year; the average market value per shareholder increased by 62.69% from 215,000 yuan to 349,800 yuan [2] Company Overview - The company, founded on August 11, 1995, and listed on December 20, 2016, is based in Hangzhou, Zhejiang Province, and specializes in the research, production, and sales of organic pigments, intermediates, and pearlescent pigments [2] - The main business revenue composition includes pigments (89.33%), intermediates (9.60%), and others (1.06%); it operates within the basic chemicals industry, specifically in chemical products related to coatings and inks [2]