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Jinpai Home (603180): Establishes a 'One Core, Two Wings, Four Engines' business structure
The company released its 2025 annual report and 2026 first-quarter report. In Q1 2026, the company reported revenue of RMB 500 million, down 12% year-over-year, a net loss attributable to shareholders of RMB 100 million, and an adjusted net loss attributable to shareholders (excluding non-recurring items) of RMB 300 million. In 2025, the company reported revenue of RMB 33 billion, down year-over-year
Gold Medal Home (603180): Performance Under Temporary Pressure, Channel Transformation Continues to Advance
Event: Gold Medal Home released its 2025 annual report and Q1 2026 earnings report. In 2025, the company achieved operating revenue of 3.301 billion yuan, a year-on-year decrease of 5.01%; net profit attributable to shareholders was 22 million yuan, a year-on-year decrease of 8.
Gold Medal Home (603180): Short-term profit under pressure, retail channels demonstrate resilience
The company released its 2025 annual report and the first quarter report of 2026. In 2025, the company's operating revenue was RMB 3.301 billion, a year-on-year decrease of 5.01%; net profit attributable to shareholders was RMB 0.22 billion, a year-on-year decrease of 89.02%; non-recurring
Gold Medal Home (603180): Accelerating Channel Reforms and Export Expansion, Awaiting Business Recovery
Event: The company released its 2025 annual report and 2026 Q1 report. In 2025, the company achieved a total revenue of 3.301 billion yuan (a year-on-year decrease of 5.0%) and a net profit attributable to shareholders of 22 million yuan (a year-on-year decrease of 89.0%). In Q4 2025, it achieved
Jinbiao Home Furnishings reported a net profit attributable to shareholders of 21.8809 million yuan in 2025, representing an 89.02% year-on-year decline. The non-recurring net profit turned to a loss of 21.0603 million yuan.
In 2025, the company's revenue reached 3.301 billion yuan (-5.01%), with a net profit attributable to shareholders of only 21.88 million yuan (-89.02%). The non-recurring net profit turned to a loss of 21.06 million yuan. Gross margin and net margin declined by 3.3 and 3.7 percentage points respectively, while operating cash flow significantly turned negative to -330 million yuan. The main business is concentrated in kitchen cabinets and wardrobes. Overseas expansion is accelerating, but the revenue contribution remains low (9.32%). Non-recurring gains accounted for as high as 196%, putting pressure on the authenticity of core business profitability.
Gold Medal Home (603180): Weaker demand and increased investment weigh on short-term profit performance.
The company released its 25-year annual report and Q1 report for the 26th year: In the 25th year, it achieved operating revenue of 3.301 billion yuan, a year-on-year decrease of 5.01%; net profit attributable to shareholders was 22 million yuan, a year-on-year decrease of 89.02%, in line with the previously announced earnings guidance (forecast).