中源家居拟投资超亿元赴越南建设生产基地

Core Viewpoint - Zhongyuan Home Furnishing Co., Ltd. plans to invest $16 million (approximately 114 million RMB) to establish a production base in Ho Chi Minh City, Vietnam, aiming to enhance supply chain resilience and support business expansion [3]. Group 1: Investment Details - The investment will be used for land acquisition, factory construction, and equipment procurement, funded by the company's own or raised funds [3]. - The project will be implemented by Zhongyuan Home Furnishing's indirectly 100% owned subsidiary in Vietnam and will proceed in phases based on market demand and funding availability [3]. Group 2: Financial Performance - In 2024, Zhongyuan Home Furnishing reported a revenue of 1.602 billion RMB but incurred a net loss of 42 million RMB, with a slight year-on-year revenue decline of 0.05% in the first three quarters of this year [3]. Group 3: Strategic Rationale - The establishment of the overseas factory is intended to address external uncertainties and enhance the company's market competitiveness without adversely affecting its financial status or main business [3]. - Investing in Vietnam has become a common strategy among furniture companies focused on export to mitigate fluctuations in foreign trade [4].