Buydeem Group(SZ:300824)2024-10-27 13:20Group 1: Financial Performance - The company's revenue from its own brand increased by 30.01% year-on-year in Q3 2024, with domestic sales growing by 19.08% [1] - The overall revenue decline for the domestic business was reduced to 1.73% for the first three quarters of 2024 [1] - The net cash flow from operating activities in Q3 2024 was 17.55 million, while the total for the first three quarters was 24.82 million [2] Group 2: Business Strategy - The company has increased investment in marketing, product development, and talent acquisition to support its brand "BUYDEEM" [1] - The company has adjusted its domestic channel promotion strategy, focusing on platforms like Douyin and JD.com, which have shown significant growth [2][3] - The company plans to continue expanding its store presence across more cities, enhancing overall revenue and profitability [4] Group 3: Challenges and Outlook - Increased promotional efforts for the own brand have led to pressure on profit margins, compounded by foreign exchange losses and efficiency issues in overseas operations [3] - The company anticipates that the profitability of its domestic brand will improve as channel structure and sales scale reach a better balance [4] - National subsidies have positively impacted revenue, particularly in the electrical appliance category, reinforcing existing sales trends [4]