Gelonghui, November 13 | According to Tianfeng Securities Research Report, Golis' (603808.SH) Q3 revenue growth is a strategy of active expansion in recent years that has achieved good results. As of 23Q3, the number of stores owned by the company was 658, an increase of 45 over the beginning of the year, effectively contributing to revenue growth. At the same time, the company adopted a multi-brand and multi-platform development strategy online to promote good growth in online sales. The company has effectively replicated the industry-leading terminal operation capabilities of multiple brands, created a high-quality online and offline shopping experience for consumers, and created a marketing system adapted to the high-end multi-brand matrix. Adjust profit forecasts and maintain a “buy” rating.