OPPEIN(SH:603833) Quan Jing Wang·2025-11-07 00:43Core Viewpoint - The Q3 2025 earnings conference of Oppein Home highlighted the company's stable performance amidst industry challenges, with a focus on maintaining investor relations and strategic growth initiatives. Group 1: Financial Performance - The company reported a stable contract liability amount at the end of Q3 2025 compared to the beginning of the year, attributed to a combination of factors including customer prepayments and order confirmations [1] - The company has completed two share repurchase plans totaling 329 million yuan, indicating a commitment to enhancing shareholder value [3] Group 2: Inventory and Management - The company has seen a gradual decrease in inventory levels, which is a result of industry trends, operational efficiency improvements, and risk management considerations [3] - The company plans to continue optimizing inventory management strategies to balance market supply and operational efficiency [3] Group 3: Dividend and Shareholder Returns - The company has received authorization from the 2024 annual general meeting to develop a mid-term dividend plan, with intentions to implement it in a timely manner [2] - The management is considering shareholder return strategies, including potential share buybacks and increased cash dividends, based on market conditions and operational performance [4] Group 4: Market Position and Strategy - The company aims to position itself as a leading global home furnishing enterprise, focusing on a "whole home" strategy that includes enhancing delivery capabilities and brand development [7] - The company acknowledges the challenges posed by the end of national subsidies and a potential decline in new housing supply in 2026, and plans to adapt its strategies accordingly [7]