ZBOM(SH:603801)2023-11-02 10:11Group 1: Research Overview - The company conducted a research meeting via conference call from October 31 to November 2, 2023 [2] - Various securities firms and investment funds participated in the research, including Guangfa Securities, Changjiang Securities, and CITIC Securities [3] Group 2: Financial Performance - For the first three quarters of 2023, the company achieved a revenue of CNY 3.929 billion, representing a year-on-year growth of 11.71% [4] - The net profit attributable to shareholders was CNY 349 million, with a year-on-year increase of 10.92% [4] - The net profit after deducting non-recurring gains and losses was CNY 325 million, reflecting a growth of 9.30% year-on-year [4] Group 3: Key Issues Discussed - Profit Improvement Reasons: The company enhanced its product lineup, introducing new categories like finished furniture and entrance doors. Custom wardrobe revenue grew by 16.22%, while wood door and wall panel revenue surged by 93.13% [5] - Outlook on Engineering Business: The bulk business maintained rapid growth, with improved gross margins due to better project management and operational capabilities [6] - Response to Consumer Demand Changes: The company is actively adjusting its product, pricing, and marketing strategies to meet evolving consumer needs, focusing on renovation demands and innovative engineering projects [7]