WEIXING NBM(SZ:002372)2025-10-31 03:56Financial Performance - In Q3 2025, the company achieved a revenue of 1.289 billion CNY, a decrease of 9.83% compared to the same period last year [2] - Net profit attributable to shareholders was 269 million CNY, down 5.48% year-on-year [2] - For the first nine months of 2025, total revenue reached 3.367 billion CNY, a decline of 10.76% compared to the previous year [2] - Net profit attributable to shareholders for the same period was 540 million CNY, a decrease of 13.52% [2] Business Highlights - Retail business revenue showed signs of stabilization with a significantly reduced decline [2] - The company's gross margin remained stable despite challenging market conditions, indicating brand and service recognition [2] - The launch of the "Weixing Whole House Water Ecology" initiative is showing initial positive results [3] Market Outlook - No signs of market recovery have been observed, and the company anticipates continued pressure in Q4 [3] - The waterproof business experienced slight revenue growth, while the water purification business saw a significant reduction in revenue decline [4] Cash Flow Management - The company maintains good cash flow due to a strong focus on cash management, inventory control, and accounts receivable [5] Product and Service Strategy - The company is enhancing its terminal store image through flagship and experience stores, improving product display and consumer experience [6] - Efforts to achieve product "re-pricing" through upgrades in product and service offerings are underway, with a positive overall trend despite a slight year-on-year price drop [7] Dividend Policy - The company has a stable and transparent dividend policy, with an average payout ratio of 70-80% since its listing [8]