weizhixiang(605089)2024-11-07 09:37Group 1: Financial Performance - In Q3 2024, the company achieved operating revenue of 183 million CNY, a year-on-year decrease of 9.19% [2] - The net profit attributable to shareholders was 25 million CNY, down 21.81% year-on-year [2] - For the first nine months of 2024, the company reported operating revenue of 511 million CNY, a decline of 17.50% [2] - The net profit attributable to shareholders for the same period was 68 million CNY, a decrease of 36.83% [2] - The net profit excluding non-recurring gains and losses was 66 million CNY, down 36.79% year-on-year [2] Group 2: Market and Operational Strategies - The company is focusing on improving its core business and enhancing operational efficiency in response to a recovering consumer environment [3] - Strategies include upgrading franchise stores and enhancing product display and structure, with positive feedback from pilot stores in Wuxi [4] - The company is collaborating with online teams to develop O2O channels, aiming to expand franchise coverage and improve operational efficiency [4] - The wholesale team is actively helping distributors develop new clients while deepening relationships with major customers [4] Group 3: Future Outlook and Cost Management - The company plans to increase expenditure on various business segments if the market environment improves, focusing on franchise support, brand building, and distribution channel development [5] - Sales expenses will be managed to remain stable as business grows, with a focus on enhancing sales capabilities to drive growth [5] - The company is adapting to changing consumer channels and has successfully expanded its supermarket partnerships [5]