Ge Long Hui A P P·2025-11-03 08:35Core Viewpoint - Dongwu Securities report indicates that Jiu Gui Jiu's net profit attributable to shareholders for Q1-Q3 of 2025 is -0.1 billion, a year-on-year decrease of 117.4%, while Q3 shows a net profit of -0.2 billion, a year-on-year increase of 70.9% [1] Group 1: Financial Performance - For Q1-Q3 2025, Jiu Gui Jiu achieved a net profit of -0.1 billion, reflecting a significant decline of 117.4% year-on-year [1] - In Q3 2025, the company reported a net profit of -0.2 billion, which represents a year-on-year increase of 70.9% [1] Group 2: Product Development and Market Strategy - The launch of the new product "Jiu Gui·Zi You Ai" in collaboration with Pang Dong Lai aims to enhance consumer engagement through "extreme transparency" and strengthen channel trust [1] - The company has established a dedicated team to connect with COFCO and Sinopec for group purchasing needs, contributing to sales volume [1] - Jiu Gui Jiu plans to develop a "2+2+2" product layout by 2025, focusing on strengthening multi-channel construction including terminal and group purchasing [1] Group 3: Market Outlook - The core market sales volume is stabilizing, and with contributions from emerging channels, revenue is expected to gradually stabilize and recover [1] - Profit elasticity is anticipated to manifest once the revenue volume is sufficiently increased [1]