九芝堂前三季度净利1.52亿元，同比下降36.94%

Core Insights - The core viewpoint of the article highlights the significant decline in both revenue and net profit for Jiuzhitang in the first three quarters of 2025 compared to the previous year [1] Financial Performance - The company's operating revenue for the first three quarters was 1.627 billion, representing a year-on-year decrease of 21.13% [1] - The net profit attributable to the parent company was 152 million, reflecting a year-on-year decline of 36.94% [1] Contributing Factors - Jiuzhitang attributed the decline in net profit to a decrease in operating revenue, an increase in expense ratio, and reduced investment income during the third quarter [1]