① Mrs. Good revealed this evening that net profit to the mother is expected to increase by 40% to 60% year on year in 2023; ② When the reporter visited the company in the second half of 2023, management said that this year's good net profit growth was related to previous upstream layout movements.
Financial Services, January 24 (Reporter Ren Chaoyu) Good Mrs. (603848. SH) disclosed this evening that net profit to mother is expected to increase by 40% to 60% year-on-year in 2023. In the context of the cyclical cooling of the “Pan-Home Furnishing” industry, Good Wife is leading the industry in terms of performance. When the Financial Services Association reporter visited the company in the second half of 2023, management said that this year's good net profit growth was related to the company's previous upstream layout.
In the first three quarters of 2023, Mrs. Hao achieved revenue of 1,116 million yuan, an increase of 10.71% year on year; net profit to mother was 238 million yuan, an increase of 38.33% year on year. According to estimates that net profit returned to mother increased by more than 40% for the whole year, the net profit growth rate of Good Wife Q4 in a single quarter exceeded the overall level of the previous three quarters.
The company said in the forecast that under the influence of smart homes, technological innovation, industrial upgrading, and consumption recovery, the company is improving its competitiveness in many ways.
Mrs. Good once told the reporter that overall, the company's seasonality is obvious. The second half of the year's results accounted for about 60%, while the fourth quarter's share was higher than that of the third quarter.
Good Wife specializes in products such as smart clothes dryers, smart locks, and clothes dryers, and belongs to the “pan-home” industry. Without the overall cyclical cooling of the “pan-home” industry in the past year, the growth of many companies fell short of expectations. During an early exchange, the company's management revealed to reporters that the company's previous upstream layout was beneficial to reducing costs and increasing profits.
Some analysts pointed out that the company has achieved self-production of the original parts of the product, effectively reducing production costs.
It is worth noting that Mrs. Good introduced a draft restricted stock incentive plan in September 2023. According to the document, the target for the 2023 performance assessment at the company level is a year-on-year increase in revenue of not less than 20%. The 2024 performance assessment target is based on 2022 revenue, with a compound revenue growth rate of not less than 20%.