SCSF(SH:600779) Zheng Quan Shi Bao Wang·2025-10-30 10:05Core Viewpoint - Water Well Square (600779) reported significant declines in both revenue and net profit for the third quarter of 2025, indicating challenges in channel management and sales performance [1] Financial Performance - The company's third quarter revenue was 850 million yuan, a year-on-year decrease of 58.91% [1] - Net profit for the third quarter was 221 million yuan, down 75.01% year-on-year [1] - For the first three quarters of 2025, total revenue reached 2.348 billion yuan, reflecting a year-on-year decline of 38.01% [1] - Net profit for the first three quarters was 326 million yuan, a decrease of 71.02% compared to the previous year [1] Operational Strategies - In response to declining sales, the company implemented measures such as halting shipments, reducing promotional offers, and enhancing channel management [1] - These strategies resulted in a significant reduction in shipment volumes during the third quarter [1]