ZhongWang Fabric (SH:605003) Sou Hu Cai Jing·2025-05-13 10:15Core Viewpoint - The company aims to enhance its profitability through continuous innovation in design and materials, while expanding its market presence globally and domestically [1][2]. Group 1: Financial Performance - In 2024, the company achieved a revenue of 551 million yuan, representing a year-on-year growth of 19.15% [3]. - The net profit attributable to shareholders was 80.37 million yuan, a decline of 74.40% compared to the previous year, primarily due to the absence of a one-time compensation income from property acquisition [3]. - The net profit after deducting non-recurring items was 75.67 million yuan, showing a year-on-year increase of 15.09% [3]. Group 2: Strategic Focus - The company will continue to execute a global development strategy, focusing on deepening its presence in the U.S. market while exploring opportunities in Australia, the Middle East, South Africa, and Europe [2]. - Product development will be market-oriented, responding to consumer demands for styles, patterns, quality, and new materials, leveraging the company's design and production capabilities [2]. - The company plans to enhance the research and promotion of functional fabrics to increase product value [2]. Group 3: Company Background - Established in 1994, the company became the first A-share listed company in China's home textile industry in September 2020 [3]. - The actual controllers of the company are Yang Linshan and Ma Jianfen, with their daughter Yang Yingfan serving as the deputy general manager and board secretary [3]. - Yang Linshan received a pre-tax remuneration of 1.283 million yuan in 2024, slightly up from 1.28 million yuan in 2023 [3].