Investment Rating - The investment rating for the company is "Outperform" (Maintain) [2] Core Insights - The company reported a revenue of 337 million yuan for Q1-Q3 2024, representing a year-on-year decline of 3.10%. The net profit attributable to the parent company was 14.75 million yuan, down 41.03% year-on-year [2] - The company is actively implementing marketing channel construction and brand upgrade projects, focusing on a dual-channel sales model that includes both online and offline strategies [3] - The company has seen significant growth in its JD and video account channels, with JD revenue increasing by 46.90% year-on-year, while the video account channel achieved a remarkable growth of 3309.04% [4] Financial Performance Summary - For Q1-Q3 2024, the company’s sales expenses amounted to 87.77 million yuan, a year-on-year increase of 3.35%, accounting for 26.05% of revenue [3] - The company maintains its profit forecast for 2024-2026, expecting net profits of 36 million yuan, 44 million yuan, and 53 million yuan for the respective years, with corresponding EPS of 0.69 yuan, 0.82 yuan, and 1.00 yuan per share [2] - The company’s total revenue is projected to grow from 594 million yuan in 2024 to 812 million yuan in 2026, with a year-on-year growth rate of 11.8% in 2024 [6]
太湖雪：北交所信息更新：京东+视频号渠道建设显成效，2024Q1-Q3营收3.37亿元