ZOY(SH:603709) Xin Lang Zheng Quan·2025-10-31 14:47Core Viewpoint - Zhongyuan Home Furnishing, a well-known furniture manufacturer in China, faces challenges in revenue and profitability compared to its industry peers, with a significant increase in shareholder accounts indicating growing interest in the company [2][5]. Group 1: Company Overview - Zhongyuan Home Furnishing was established on November 16, 2001, and listed on the Shanghai Stock Exchange on February 8, 2018, with its headquarters in Zhejiang Province [1]. - The company specializes in the research, production, and sales of sofas and other furniture products, with strong R&D and manufacturing capabilities [1]. Group 2: Financial Performance - In Q3 2025, Zhongyuan Home Furnishing achieved a revenue of 1.125 billion yuan, ranking 13th among 17 companies in the industry, while the industry leader, Gujia Home Furnishing, reported revenue of 15.012 billion yuan [2]. - The company incurred a net loss of 17.44 million yuan in the same period, placing it 14th in net profit rankings, with the industry average net profit being 27.8 million yuan [2]. Group 3: Financial Ratios - As of Q3 2025, Zhongyuan Home Furnishing's debt-to-asset ratio was 59.28%, which, although a decrease from 60.29% year-on-year, remains above the industry average of 45.64% [3]. - The gross profit margin for the company was 21.33%, slightly down from 21.90% year-on-year and below the industry average of 31.44% [3]. Group 4: Management and Shareholder Information - The chairman and general manager, Cao Yong, received a salary of 906,400 yuan in 2024, a decrease of 39,800 yuan from the previous year [4]. - As of September 30, 2025, the number of A-share shareholders increased by 44.92% to 10,100, while the average number of circulating A-shares held per account decreased by 30.82% [5].