Zhi Tong Cai Jing·2025-12-12 06:45Core Viewpoint - Techtronic Industries (00669) is set to voluntarily terminate its HART business by the end of 2025, while retaining the HART brand in its product portfolio, aiming to enhance profitability and operational efficiency [1] Group 1: Business Strategy - The company emphasizes its commitment to continuous profit growth, which is reflected in the decision to exit the HART business [1] - The termination of the HART business is expected to help the company achieve a mid-term operating profit margin target of over 10% [1] Group 2: Sales Performance - Sales demand for Milwaukee and Ryobi brands in all core verticals remained strong throughout November, providing a solid foundation for the company's success in 2026 [1] - Citigroup estimates that the HART business accounts for a low single-digit percentage of the company's total sales this year, indicating its relatively minor impact on overall performance [1]