Ge Long Hui A P P·2025-11-12 07:45Core Viewpoint - The report from Pacific Securities indicates that I Love My Home's net profit attributable to shareholders for the first three quarters of 2025 reached 0.42 billion yuan, representing a year-on-year increase of 398.75% [1] Financial Performance - The significant growth in net profit is primarily driven by an increase in brokerage transaction volume and a reduction in related operating costs [1] - Management expenses and financial costs decreased by 15.48% and 29.71% to 0.67 billion yuan and 0.36 billion yuan, respectively [1] - The gross profit margin for sales in the first three quarters of 2025 was 9.08%, an increase of 1.72 percentage points year-on-year [1] - Other income rose by 99.37% to 0.048 billion yuan compared to the same period last year [1] Business Operations - The asset management business, operated under the "Xiangyu" brand, focuses on housing rental management and has expanded its market presence in major cities such as Beijing, Hangzhou, Shanghai, Suzhou, and Guangzhou [1] - As of September 30, 2025, the managed housing units reached approximately 330,000, an increase of about 27,000 units since the beginning of the year [1] - The company's various business segments have shown growth rates exceeding the market average, and its market share continues to increase steadily [1] Investment Outlook - The overall transaction amount in housing remains on an upward trend, with significant achievements in cost reduction and efficiency improvement, leading to a notable increase in net profit and a continuous recovery in profitability [1] - The company is rated as "Accumulate" based on its performance and growth prospects [1]