WEIXING NBM(SZ:002372)2025-10-31 03:54Financial 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] - The net profit attributable to shareholders was 269 million CNY, down 5.48% year-on-year [3] - For the first nine months of 2025, total revenue reached 3.367 billion CNY, a decline of 10.76% compared to the previous year [3] - The net profit attributable to shareholders for the same period was 540 million CNY, down 13.52% year-on-year [3] Business Highlights - Retail business revenue showed signs of stabilization with a reduced decline, indicating resilience [3] - The company's gross margin remained stable despite a challenging market environment, reflecting brand and service recognition [3] - Innovations in the business model, particularly the launch of "Weixing Whole House Water Ecology," have begun to yield results [3] Market Challenges - The external market environment remains pessimistic, with expectations that Q4 pressures may not be less than those in Q3 [3] - The industry is experiencing intensified price wars, but the company aims to maintain a "high-quality development" strategy to enhance core competitiveness [4] Future Outlook - The company plans to continue its stable and transparent dividend policy, with an average payout ratio of 70-80% since its listing [5] - There are ongoing efforts to implement an equity incentive plan to motivate key personnel and promote win-win development [5] - The establishment of a production base in Xinjiang is aimed at leveraging national development opportunities and reducing logistics costs [6] Cash Flow and Receivables - The net cash outflow from investment activities in Q3 was primarily due to increased purchases of bank financial products [6] - The company has improved its accounts receivable management, resulting in a healthier overall situation [6]