中源家居拟投1.14亿元在越南建生产基地

Core Viewpoint - Zhongyuan Home Furnishing Co., Ltd. plans to invest approximately 1.14 billion RMB (1600 million USD) to establish a production base in Ho Chi Minh City, Vietnam, aiming to enhance supply chain resilience and market competitiveness [1][2]. Company Summary - The investment will be used for land acquisition, factory construction, and equipment procurement, funded by the company's own or raised funds [1]. - The project will be implemented by Zhongyuan Home Furnishing's wholly-owned subsidiary in Vietnam and will proceed in phases based on market demand and funding availability [1]. - In 2024, the company reported a revenue of 1.602 billion RMB but incurred a net loss of 42 million RMB, with a slight revenue decline of 0.05% year-on-year in the first three quarters of this year [1]. Industry Summary - Establishing production facilities in Vietnam has become a common strategy for furniture companies focused on export to mitigate foreign trade fluctuations [2].