Monalisa(SZ:002918)2025-10-27 08:22Group 1: Industry and Company Capacity Utilization - The overall kiln opening rate in the industry is low this year, influenced by market demand and order conditions [2] - The company has not yet planned to establish production bases abroad, but will disclose any future arrangements according to regulations [3] Group 2: Market Competition and Strategic Adjustments - The industry is experiencing a slow capacity clearance primarily driven by market competition, with limited short-term impact from environmental policies [4] - The company's strategic engineering business related to the real estate sector has significantly declined due to the market entering a stock phase, leading to a substantial decrease in tile orders [4] Group 3: Financial Performance and Cost Management - The company's gross profit margin has improved quarterly, but the potential for further cost reduction is diminishing as the industry transitions from growth to competition [5] - The company reported a revenue of 297,702.09 thousand yuan from distribution business, accounting for 83.65% of total revenue, while strategic engineering business revenue was 48,676.52 thousand yuan, making up 16.35% [7] Group 4: Pricing Trends and Future Outlook - The decline in product prices during the first three quarters was due to strategic pricing adjustments to boost sales and manage inventory [5] - Despite recent adjustments in the real estate market, the domestic real estate sector still holds significant demand, and the company aims to enhance brand appeal through continuous product innovation [6]