未知机构：信达消费迪阿股份业绩预告点评25Q4营收业绩稳健增长经营表现稳步向上-20260129

Company and Industry Summary Company: Diya Co., Ltd. (迪阿股份) Key Financial Performance - For Q4 2025, Diya Co., Ltd. is expected to achieve revenue between 1.482 billion to 1.596 billion yuan, representing a year-on-year growth of 0% to 8% [1] - The net profit attributable to shareholders is projected to be between 128 million to 147 million yuan, indicating a significant year-on-year increase of 141% to 176% [1] - The net profit excluding non-recurring items is estimated to be between 3.9157 million to 5.8674 million yuan, indicating a turnaround from losses to profits [1] - The midpoint estimate for Q4 2025 revenue is approximately 383 million yuan, reflecting a year-on-year increase of 3% [1] - The net profit for Q4 2025 is expected to be around 35 million yuan, showing a year-on-year growth of 5% [1] Market and Operational Insights - The company anticipates a stable number of stores in Q4 2025, with a closure rate in the low double digits compared to the end of 2024, where there were 373 stores [2] - Same-store sales growth was over 30% in the first three quarters, with a slight slowdown expected in Q4 2025 due to base effects, but still maintaining good growth [2] - Continuous channel optimization and enhancement of store operational capabilities are yielding positive results, improving single-store profitability and overall operational efficiency [2] International Expansion - Diya Co., Ltd. is actively pursuing international market expansion, primarily focusing on the United States, with Southeast Asia in discussions and plans to explore partnerships in India and other markets [2] - The company expects overseas market revenue to potentially double in 2025, with 2024 overseas revenue estimated at around 40 million yuan [2] Investment Perspective - Diya Co., Ltd. is viewed as a unique investment opportunity in the capital market, particularly due to its focus on diamond embedding amid changing consumer trends [3] - The company is expected to continue adjusting its channels and expanding its market presence, having passed a critical turning point [3] - Projected net profits for 2025, 2026, and 2027 are estimated at 140 million, 190 million, and 240 million yuan respectively, with a continued recommendation for investment [3]