顾家家居召开中期业绩说明会董事长邝广雄：行业仍存结构性增长机会

Core Viewpoint - The company reported a positive performance in the first half of 2025, with significant revenue and profit growth despite previous challenges in 2024 [1][3]. Financial Performance - In the first half of 2025, the company achieved an operating income of 9.801 billion yuan, representing a year-on-year increase of 10.02% [1]. - The net profit attributable to shareholders was 1.021 billion yuan, reflecting a year-on-year growth of 13.89% [1]. Industry Outlook - The chairman expressed optimism about the furniture industry's future, highlighting the transition from an incremental market to a stock market, with substantial market space and opportunities for structural growth in functionality and intelligence [3]. - The company is focusing on enhancing production efficiency in overseas bases in Vietnam, Mexico, and the United States, which are gradually releasing capacity [3]. External Factors - The chairman noted that short-term tariff policies would have a certain impact on foreign trade retail orders, but the company plans to mitigate this by improving production efficiency in its overseas bases [3]. - The national subsidy policy has significantly stimulated furniture consumption since its implementation last year, although its effects have become more sporadic since the second quarter of this year [3]. Future Growth Drivers - The company aims to improve internal operational efficiency through lean production and cost management initiatives [3]. - There will be an increased focus on product technology innovation and structural adjustments to maintain stable gross margins [3].