JGJC(SZ:000799) Xin Lang Cai Jing·2025-11-01 02:39Core Viewpoint - The company reported a significant decline in revenue and net profit for the first three quarters of 2025, but showed signs of recovery in Q3 with a slight increase in revenue and reduced losses [1][2]. Financial Performance - For Q1-Q3 2025, the company achieved revenue of 760 million yuan, a year-on-year decrease of 36.21%, and a net profit attributable to shareholders of -10 million yuan, down 117.36% year-on-year [1]. - In Q3 2025, the company recorded revenue of 198 million yuan, an increase of 0.78% year-on-year, and a net profit of -19 million yuan, which represents a 70.93% reduction in losses compared to the previous year [2]. Market and Product Development - The company’s new product received high market recognition, leading to significant breakthroughs in markets outside its home province [2]. - The banquet market for the company’s products performed well, with a 21% year-on-year increase in the number of graduation banquets held in Hunan, and a remarkable 273% growth in the Xiangxi market [2]. Cost Control and Profitability - The company demonstrated effective cost control, with a gross margin of 66.66% and a net margin of -1.29% for Q1-Q3 2025, reflecting a year-on-year decline of 5.15 percentage points and 6.03 percentage points, respectively [3]. - In Q3 2025, the gross margin was 61.22%, with a net margin of -9.45%, showing a year-on-year decline of 2.81 percentage points and an increase in losses by 23.32 percentage points [3]. Future Outlook - The company is expected to achieve revenues of 1.04 billion yuan, 1.07 billion yuan, and 1.18 billion yuan for the years 2025 to 2027, with net profits projected at 23 million yuan, 40 million yuan, and 70 million yuan, respectively [4]. - The company is focusing on innovative consumption scenarios and inventory reduction to adapt to market changes and meet the needs of younger consumers [4].