Zheng Quan Shi Bao Wang·2025-11-04 12:08Core Viewpoint - True Love Group is planning a potential transfer of control over True Love Home, which may lead to changes in the company's controlling shareholder and actual controller. The matter is still under negotiation and carries significant uncertainty [1][2]. Company Overview - True Love Home, established in 2010, specializes in the research, design, production, and sales of home textiles, primarily blankets. The company aims to become the "World Blanket King" and has an annual design capacity of 65,000 to 70,000 tons, ranking among the top in the blanket industry [6]. - True Love Home's products are exported globally, with major markets in the Middle East, North Africa, and South Africa, and it has strategic partnerships in key international markets [6]. - The company reported a revenue of 724 million yuan for the first three quarters of 2025, a year-on-year increase of 16.16%, and a net profit attributable to shareholders of 230 million yuan, a significant increase of 310.28% [6]. Financial Performance - In Q3 2025, True Love Home achieved a revenue of 334 million yuan, up 10.19% year-on-year, with a net profit of 33.44 million yuan, reflecting a 48.93% increase [6]. - In contrast, Huading Co., a subsidiary of True Love Group, reported a revenue of 3.562 billion yuan for the first three quarters of 2025, a decrease of 40.57%, and a net profit of 188 million yuan, down 42.11% [7]. - In Q3 2025, Huading Co. generated a revenue of 1.152 billion yuan, a decline of 25.69%, with a net profit of approximately 34.92 million yuan, down 78.38% [7]. Group Overview - True Love Group, founded in 1995 and headquartered in Yiwu, Zhejiang, has developed into a large-scale private enterprise with core business segments in blanket home textiles and nylon new materials, alongside auxiliary businesses in real estate and environmental engineering [8]. - The group has a registered capital of 540.78 million yuan, employs over 6,000 people, and has total assets of 13 billion yuan, with annual revenue nearing 10 billion yuan, including over 6 billion yuan from manufacturing [8].