Gold Mantis(SZ:002081) Mei Ri Jing Ji Xin Wen·2025-07-30 08:44Core Viewpoint - The company, King Tanglang, addresses concerns regarding its reputation and resource consumption due to numerous lawsuits, asserting that these issues are common in the decoration industry and manageable through risk control measures [2]. Group 1: Company Performance - In the first quarter of 2025, the company reported a year-on-year increase in both operating revenue and net profit [2]. - The overseas business revenue grew by 20% year-on-year, while the old renovation business saw a significant increase of 67% [2]. Group 2: Industry Context - The decoration industry is characterized by long project cycles and diverse stakeholders, making lawsuits a common issue [2]. - The company has implemented measures such as enhanced risk control, client selection, and process management to mitigate the impact of lawsuits [2]. Group 3: Financial Health - The company indicated that the amount involved in lawsuits is projected to account for approximately 6% of its revenue in 2024, with sufficient provisions already made [2]. - The company maintains a strong liquidity position with ample bank deposits and stable asset quality [2].