The three major A-share indices collectively fell at the midday break, with the consumer sector leading the gains

36Kr learned that the three major A-share indices collectively fell during the midday break, with the Shanghai Composite Index down 0.03%, the Shenzhen Component Index down 0.59%, and the ChiNext Index down 2.13%. The engineering machinery, electronic components, and computer hardware sectors led the decline, with Sany Heavy Industry, Huadian Technology, Zhongke Shuguang, and Jiangbolong falling over 4%. The consumer goods and cultural communication sectors saw the largest gains, with Shede Liquor rising over 8%, PINLIVE rising over 7%, NHD rising over 6%, and Focus Media and COL rising over 3%

Focus Media IT's Q3 Profit Rises 7%

Focus Media IT's Q3 Profit Rises 7%

Focus Media released its performance for the first three quarters, with a net profit attributable to the parent company of 4.24 billion yuan, a year-on-year increase of 6.87%

According to the Zhitong Finance APP, Focus Media released its third-quarter report for 2025. In the first three quarters, the company achieved operating revenue of 9.607 billion yuan, a year-on-year increase of 3.73%. The net profit attributable to shareholders of the listed company was 4.24 billion yuan, a year-on-year increase of 6.87%. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 4.005 billion yuan, a year-on-year increase of 13.11%

Focus Media: The cold winter is not cold, and the warm spring is not far away.

Hello everyone, I am Dolphin Research! On October 29th, Beijing time, $Focus Media(002027.SZ) released its Q3 2025 financial report. Overall, the Q3 performance met expectations, with environmental pressures and Focus Media's own advantages still prominent. However, Dolphin Research noticed that some institutions slightly adjusted their expectations downward before the financial report (due to poor consumption and additional marketing expenses), so from the perspective of the latest expectation gap, the Q3 performance is actually acceptable. The core points are as follows: 1. Environmental pressure remains: Third-quarter revenue grew by 6%, showing a warming trend, but it mainly relies on Focus Media's own alpha...

Focus Media 3Q25 Quick Interpretation: Third-quarter performance basically met expectations, with the final net profit beat mainly due to differences in expectations regarding interest, investment income, and other items.However, Dolphin Research noticed that some institutions slightly adjusted their expectations downward before the financial report (due to poor consumption and additional marketing expenses), so from the perspective of the latest expectation differences, Q3 performance is actually acceptable.1. Revenue growth of 6.1%: Whether looking at the year-on-year growth rate or the usual seasonal changes, it is a slight recovery, mainly driven by Focus Media's own Alpha in the elevator media field rather than environmental Beta.Additionally, accounts receivable increased in the third quarter, leading to a decline in turnover rate, which also reflects some environmental pressure.2. Gross margin increased to 74% quarter-on-quarter: This remains the most impressive aspect of the financial report.Despite the drag from the consumption environment on the revenue side, the gross margin has continued to approach historical highs, just one step away from the 75% peak in 2017, reflecting Focus Media's competitive advantage in the industry and its strong bargaining power in the supply chain.Dolphin Research believes that one key logic remains: although New Wave has not yet been formally acquired, from the perspective of customers and property owners, they have already started considering risks, thus enhancing Focus Media's bargaining power. In a poor consumption environment, the main focus is on squeezing the profit margin of property owners.3. Overall stable expense expenditure: Core operating expenses are basically consistent with revenue changes, stable quarter-on-quarter, but the expense ratio has shrunk by 3 percentage points compared to last year.The core operating profit margin (revenue - cost - three expenses - business tax) continues to rise, reaching nearly 49%, close to the peak level range.4. Final net profit attributable to the parent company is 1.58 billion, slightly exceeding the original market expectations, with the expectation difference contributed by non-core business income such as interest and investment income.5. Early dividend distribution: This time, it is quite special as the dividend for the second half of the year is distributed in the third quarter instead of waiting until the end of the year, with a total dividend of 722 million yuan, accounting for 46% of the third-quarter net profit attributable to the parent company, which is lower than the first half of the year. As of Q3, the cumulative dividend for this year is 2.1 billion yuan, accounting for 2% of the current market value of 110 billion yuan. $Focus Media(002027.SZ)