歌力思2025年前三季度净利润同比增长427.3% 经营效率显著提升

Core Insights - The company reported a revenue of 2.019 billion yuan for the first three quarters of 2025, with a comparable revenue growth of 2.4% year-on-year after excluding the impact of EdHardy [1] - The net profit attributable to shareholders reached 114 million yuan, marking a significant increase of 427.3% year-on-year [1] Group 1: Revenue Performance - The comparable revenue showed steady growth, with a year-on-year increase of approximately 8.6% in the third quarter, driven by growth across major brands [2] - The main brand ELLASSAY led the domestic mid-to-high-end women's wear sector with a comparable revenue growth of 4.6% [2] - Online sales reached 369 million yuan, reflecting a year-on-year growth of 15.4%, with online sales accounting for 18.6% of total revenue, an increase of 1.94 percentage points from the previous year [2] Group 2: Profitability and Efficiency - The company implemented AI technology across the entire supply chain, enhancing operational efficiency and reducing sales and management expense ratios by 2.55 and 1.50 percentage points, respectively [3] - The inventory turnover rate improved from 0.72 times to 0.88 times year-on-year, contributing to a 72.8% increase in net cash flow from operating activities [3] - The net profit for the third quarter turned positive at 28.45 million yuan, supporting the overall significant profit growth for the first three quarters [3]