GOLDENHOME(SH:603180)2026-01-29 11:00Financial Performance Forecast - The company expects a net profit attributable to shareholders for 2025 to be between 20 million and 28 million yuan, a decrease of 85.95% to 89.96% year-on-year [4]. - The projected net profit excluding non-recurring gains and losses is expected to be between -26 million and -18.5 million yuan, representing a year-on-year decrease of 113.15% to 118.47% [4]. - The anticipated operating revenue for 2025 is between 3,474.72 million and 3,266.237 million yuan, reflecting a year-on-year decrease of 0% to 6% [4]. - In 2024, the net profit attributable to shareholders was 199.287 million yuan, and the net profit excluding non-recurring gains and losses was 140.7357 million yuan [8]. - The performance forecast data is preliminary and has not been audited, with the final financial data to be disclosed in the 2025 annual report [13]. Strategic Investments and Developments - The company is investing in a multi-channel retail network, including new retail formats and overseas factories, which is expected to impact short-term profits [12]. - The company is constructing a base in Thailand and has established satellite factories in Dallas and Malaysia, contributing to its overseas expansion strategy [12]. - The company is developing the "Feiliu AI" home design intelligent system, aiming to create a complete business loop from intelligent design to home decoration services [12]. - The issuance of convertible bonds in 2023 has incurred interest expenses of approximately 25 million yuan, affecting short-term profitability [12]. - The company maintains confidence in the long-term development of the custom home industry despite short-term performance pressures [12].