HOLIKE(SH:603898) Sou Hu Cai Jing·2025-07-11 05:56Core Viewpoint - The company, Guangzhou Holike Creative Home Co., Ltd., reported a significant decline in net profit for 2024, while executive compensation remained stable despite the downturn [1][3][4]. Financial Performance - In 2024, Holike achieved operating revenue of 1.91 billion yuan, a year-on-year decrease of 15.69% [3]. - The net profit attributable to shareholders was 80.52 million yuan, representing a substantial decline of 62.93% compared to 217 million yuan in 2023 [3]. Executive Compensation - The compensation for top executives did not decrease in line with the company's profit decline, remaining relatively stable [4]. - Chairman Shen Hanbiao received a salary of 2.251 million yuan, the highest among executives [4]. - Vice General Manager Shen Junyu's salary was 991,300 yuan, nearly unchanged from the previous year [4]. - Board Secretary Gan Guoqiang's salary increased slightly to 530,400 yuan, up by 12,700 yuan from the previous year [4]. Strategic Focus - Shen Hanbiao emphasized the importance of utilizing various tools such as joint ventures, equity participation, mergers, and technology alliances to enhance the company's performance [6]. - The company is focusing on the development of smart home products, including AI-powered home management systems [6]. - Despite challenges in the home furnishing industry due to real estate adjustments, there is a recognized demand for renovation, particularly in the secondary renovation market [7].