Workflow
兔宝宝前三季度净利6.29亿元 同比增长30.44%

Core Viewpoint - The company reported a mixed performance for the third quarter of 2025, with a decline in overall revenue but a significant increase in net profit compared to the previous year [1]. Financial Performance - For the first three quarters of 2025, the company achieved a revenue of 6.319 billion yuan, a year-on-year decrease of 2.25% [1][2]. - The net profit attributable to shareholders was 629 million yuan, reflecting a year-on-year increase of 30.44% [1][2]. - In the third quarter alone, the company generated a revenue of 2.684 billion yuan, which is a 5.03% increase year-on-year [2]. - The net profit for the third quarter reached 361 million yuan, marking a substantial year-on-year growth of 51.67% [1][2]. Business Segment Performance - The decorative materials segment reported a revenue of 2.268 billion yuan in the third quarter, up 8.84% year-on-year, with the board business contributing 1.452 billion yuan (up 8.58%) and other decorative materials generating 733 million yuan (up 15.88%) [1]. - The brand usage fee for decorative materials decreased to 83 million yuan, down 17.68% year-on-year [1]. - The customized home segment saw a revenue of 391 million yuan, a decline of 13.70% year-on-year, with the whole-house customization business increasing to 234 million yuan (up 9.06%), while the engineering customization business in Qingdao experienced a significant drop of 61.89% to 49 million yuan [1].