YASHA(SZ:002375) Xin Lang Cai Jing·2025-10-30 11:11Core Insights - The company reported a revenue of 6.873 billion yuan for the first three quarters of 2025, a year-on-year decrease of 17.30% [1] - The net profit attributable to shareholders was 265 million yuan, an increase of 4.78% year-on-year, while the net profit excluding non-recurring items was 222 million yuan, a decrease of 4.54% year-on-year [1] - The basic earnings per share stood at 0.20 yuan, with a weighted average return on equity of 3.26% [1] Financial Performance - The gross profit margin for the first three quarters was 14.63%, up by 1.41 percentage points year-on-year, while the net profit margin was 3.67%, an increase of 0.65 percentage points year-on-year [1] - In Q3 2025, the gross profit margin was 19.74%, a year-on-year increase of 5.19 percentage points and a quarter-on-quarter increase of 7.19 percentage points; the net profit margin was 5.40%, up 1.23 percentage points year-on-year and 2.71 percentage points quarter-on-quarter [1] Expense Management - Total operating expenses for the period were 600 million yuan, a decrease of 114 million yuan year-on-year, with an expense ratio of 8.73%, up by 0.14 percentage points year-on-year [2] - Sales expenses decreased by 3.10%, management expenses decreased by 10.44%, R&D expenses decreased by 25.47%, and financial expenses decreased by 25.32% year-on-year [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 30,300, a decrease of 1,349 households or 4.27% from the end of the previous half [2] - The average market value per household increased from 163,100 yuan at the end of the previous half to 168,200 yuan, a growth of 3.10% [2] Company Overview - Zhejiang Yasha Decoration Co., Ltd. is located in Hangzhou, Zhejiang Province, and was established on July 7, 1995, with its listing date on March 23, 2010 [2] - The company's main business includes construction decoration engineering, curtain wall engineering, and intelligent system integration, with revenue composition as follows: construction decoration engineering 55.07%, curtain wall decoration engineering 38.67%, intelligent system integration 3.02%, decoration product sales 1.58%, design contracts 0.94%, and others 0.72% [2] - The company belongs to the Shenwan industry category of construction decoration and is associated with concepts such as low price, broken net stocks, long-term broken net, new urbanization, and small-cap stocks [2]