WEIXING NBM(SZ:002372)2025-04-30 11:36Group 1: Financial Performance - In Q1 2025, the company achieved revenue of 895 million CNY, a year-on-year decrease of 10.20% [2] - Net profit attributable to shareholders was 114 million CNY, down 25.95% year-on-year [2] - Net profit excluding non-recurring gains and losses also stood at 114 million CNY, reflecting a decline of 19.42% year-on-year [2] Group 2: Key Highlights - Despite a challenging external environment and intense price competition, the company's gross margin remained resilient due to strategic adjustments focusing on high-end branding, service, and value [2] - Effective cost control measures led to a reduction in sales expenses by over 10 percentage points, optimizing expenditure through investment-output analysis [2] - The company maintained good operational quality with effective management of accounts receivable and cash flow [2] - The "Star Butler" service user base remained stable, indicating a solid market foundation [2] Group 3: Challenges and Responses - The company acknowledged a significant decline in sales revenue as a notable challenge [2] - Raw material purchases were reduced in response to current market demand and price trends [3] - The pricing strategy for retail products in 2024 will generally follow a cost-plus principle, with some adjustments in specific markets and products to enhance market expansion [3] Group 4: Future Outlook - The company plans to maintain a stable dividend policy, adhering to its articles of association and shareholder return plans [3] - For 2025, the company aims to uphold its "three high" positioning through product iteration and service upgrades to stabilize the retail pricing system [3] - The waterproof business experienced a slight decline in sales revenue, but the number of service users showed healthy growth [3] - The water purification business model is still in the exploration and improvement phase [3]