ZBOM(SH:603801) Shang Hai Zheng Quan Bao·2025-09-26 19:32Core Viewpoint - The company held a half-year performance briefing on September 26, 2025, to provide insights into its operational status and address investor concerns amid industry challenges [1][2]. Group 1: Company Performance and Strategy - The company is facing significant industry pressure in 2025 and is undergoing major transformation and adjustment [3]. - To adapt, the company is enhancing its integrated home strategy, focusing on improving overall delivery capabilities to meet diverse consumer needs [3][4]. - The company plans to restructure its product system to better align with segmented channel demands and enhance customer acquisition strategies [3]. - The company emphasizes the importance of building a strong reputation, which can lead to over 30% of referrals and repeat customers [4]. Group 2: Overseas Business Development - The company has established a professional overseas team and formed strategic partnerships with foreign construction companies, enhancing its credibility in international markets [5]. - The overseas business has shown a significant growth potential, with a 70.69% year-on-year increase in revenue and a 3.38% improvement in gross margin [7]. Group 3: Financial Management and Cash Flow - The company is actively working to improve its operating cash flow and net profit, focusing on better management of accounts receivable and inventory [6]. - Measures include optimizing customer structure, enhancing cash flow from new business segments, and implementing cost reduction strategies [6]. Group 4: Market Trends and Future Outlook - The company anticipates that the custom home furnishing industry will increasingly cater to the needs of consumers in the existing housing market, focusing on localized renovations [8]. - The company is also expanding its market presence in Africa, currently in the market development phase [10]. Group 5: Talent Management - The company is focusing on talent development and organizational capability enhancement, aiming to build a robust talent pipeline and improve management efficiency through digitalization [10]. Group 6: Fund Utilization - The company raised a total of RMB 670 million through convertible bonds, with significant investments already made in various projects, including a smart production base and digital upgrades [9].