Financial Performance - In the first nine months of 2025, the company achieved a revenue of 2.497 billion RMB, representing a year-on-year growth of 24.26%, and a net profit of 483 million RMB, up 38.07% year-on-year [1] - For the third quarter of 2025, the company reported a revenue of 1.047 billion RMB, with a year-on-year increase of 26.99%, and a net profit of 218 million RMB, reflecting a growth of 42.40% year-on-year [1] - The company proposed a profit distribution plan, intending to distribute 3.60 RMB per 10 shares, amounting to a total cash distribution of 144 million RMB [1] Product Innovation and Market Expansion - The company has maintained steady growth since its listing, showcasing its leading position in the home hardware industry, supported by strong R&D capabilities and a comprehensive channel layout [2] - As of June 30, 2025, the company and its subsidiaries held 1,193 patents and have received multiple prestigious design awards, indicating a strong commitment to product innovation [2] - The company has established a multi-channel sales network, including distribution, direct sales, e-commerce, and cloud commerce, reaching over 110 countries and regions [2] Industry Trends and Opportunities - The government’s urban renewal strategy is expected to release over one trillion RMB in home improvement demand, with the company opening 20 "old renovation stores" in 2025 to capitalize on this opportunity [3] - The company is focusing on "whole-house storage old renovation" as a core strategy, enhancing its service network within communities and upgrading its distribution model [3] Brand Development and Smart Manufacturing - The company has been recognized as a top manufacturer in Foshan, ranking 67th in the 2025 manufacturing industry list, reflecting its growing brand influence [4] - The company is actively developing a smart manufacturing system, aiming to create a 600,000 square meter digital production base, which enhances operational efficiency and product quality [4] Industry Outlook - The Chinese furniture hardware industry is projected to grow from 226.11 billion RMB in 2023 to 324.45 billion RMB by 2028, with a compound annual growth rate of 7.6%, driven by consumption upgrades and renovation demands [5] - The company is well-positioned to benefit from industry consolidation and market expansion, leveraging its multi-category synergy, comprehensive channel coverage, strong brand recognition, and smart manufacturing capabilities [6]
悍高集团前三季度实现营收24.97亿元，硬核优势打开高质量发展新空间