Vatti Corporation (002035) 2025A & 26Q1 Review: Profitability Stabilizes, Awaiting Earnings Recovery

The company released its 2025 annual report and the first-quarter report of 2026. The company's short-term performance is under pressure, but the gross profit margin recovered in Q1 2026, and the net profit margin stabilized. Key investment highlights: Investment advice: Considering that the real estate sector remains at a low point, we have lowered our earnings forecast.

Guotai Haitong SecuritiesMay 17 18:51

Vatti Corporation (002035): Q1 revenue decline narrowed, with a significant improvement in gross margin.

Event Description: The company released its 2025 annual report and the first quarter report of 2026. In the full year of 2025, the company achieved a revenue of 5.648 billion yuan, representing a year-on-year decrease of 11.36%, and a net profit attributable to shareholders of 301 million yuan, also reflecting a year-on-year decline.

Changjiang SecuritiesMay 11 00:00

Industrial Securities: The home appliance industry's Q1 2026 operational turning point has been established, with leading companies demonstrating strong resilience.

The Q1 2026 performance of the home appliance industry represents a peak in base pressure, with the black electric sector showing remarkable results and the resilience of leading enterprises becoming evident.

Zhitong FinanceMay 8 15:55

Vatti Corporation (002035): The long-term trend of profitability recovery remains unchanged.

The company announced its 2025 annual report and Q1 2026 earnings report: In 2025, it achieved revenue of 5.648 billion yuan (yoy -11.36%) and net profit attributable to shareholders of 301 million yuan (yoy -37.90%). Among these,

Huatai SecuritiesApr 29 20:56

Vatti Corporation (002035): Premium Brand Strategy Realized, Profitability at a Low Point

Event: In 2025, the company achieved operating revenue of 5.65 billion yuan (a year-on-year decrease of 11.4%, hereinafter the same), with a net profit attributable to shareholders of 300 million yuan (a decrease of 37.9%), and non-recurring net profit attributable to shareholders of 270 million yuan (a decrease of 40.8%).

Tianfeng SecuritiesApr 29 18:26

The pull effect of the 'trade-in' program has weakened, with Vatti Corporation’s profits shrinking by more than 30%.

Following the weakening of policy-driven effects such as trade-in programs, the kitchen appliance market is entering a harsh phase of competition based on existing inventory. On April 28, Vatti Corporation released a somewhat...

wallstreetcnApr 28 18:23