Matrix Design (SZ:301365) Xin Lang Cai Jing·2025-10-31 06:51Core Viewpoint - Matrix Co., Ltd. is a leading company in the domestic space design and soft decoration sector, showcasing significant business efficiency improvements through AI applications in interior design [1] Group 1: Business Performance - In Q3 2025, Matrix reported revenue of 506 million yuan, ranking 23rd among 46 companies in the industry, with the industry leader, Taiji Industry, generating 22.593 billion yuan [2] - The net profit for the same period was 68.8485 million yuan, placing it 17th in the industry, while the top two competitors reported net profits of 768 million yuan and 538 million yuan respectively [2] Group 2: Financial Ratios - As of Q3 2025, Matrix's debt-to-asset ratio was 19.63%, significantly lower than the industry average of 42.53%, indicating strong solvency [3] - The gross profit margin for Q3 2025 was 40.24%, higher than the industry average of 27.95%, reflecting good profitability [3] Group 3: Executive Compensation - The chairman, Wang Guan, saw his salary decrease from 1.2245 million yuan in 2023 to 818,500 yuan in 2024, a reduction of 406,000 yuan [4] - The general manager, Wang Zhaobao, experienced a salary drop from 1.0919 million yuan to 738,900 yuan, a decrease of 353,000 yuan [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 7.46% to 11,900, while the average number of circulating A-shares held per shareholder increased by 8.06% to 3,879.31 [5] Group 5: Industry Outlook and Growth Potential - According to Guosheng Securities, Matrix is recognized as a high-quality leader in interior creative design with excellent asset quality, showing significant revenue growth in H1 2025, with a 103% increase in non-recurring profit [6] - The company is expected to see net profits of 65 million yuan, 78 million yuan, and 93 million yuan from 2025 to 2027, representing year-on-year growth of 93%, 20%, and 19% respectively [6]