金螳螂前三季度净利润3.82亿元 同比减少18.47%

Core Viewpoint - The company reported a significant decline in both revenue and net profit for the third quarter and the first three quarters of 2025, primarily due to a decrease in operating income and increased competition in the construction decoration industry [1] Financial Performance - In Q3 2025, the company achieved an operating income of 3.747 billion yuan, a year-on-year decrease of 29.62% [1] - The net profit for Q3 2025 was 23.67 million yuan, reflecting a year-on-year decrease of 80.87% [1] - For the first three quarters of 2025, the company reported an operating income of 13.275 billion yuan, down 9.20% year-on-year [1] - The net profit for the first three quarters was 382 million yuan, a decrease of 18.47% compared to the previous year [1] Industry Context - The decline in performance is attributed to two main factors: a decrease in operating income and the overall slowdown in growth within the construction decoration industry [1] - The industry is facing increasing competition, leading to downward pressure on project management fee rates [1] - The company has strategically taken on some projects with fee adjustments that are considered manageable risks, which has exerted pressure on short-term gross margins [1]