QM HOME(SH:603818) Ge Long Hui A P P·2026-01-11 09:48Core Viewpoint - The company, Qu Mei Home (603818.SH), is focused on the research, design, production, and sales of mid-to-high-end furniture and related home products, facing challenges in profitability due to weak market demand and financial costs related to acquisitions and debt [1] Group 1: Business Operations - The company plans to enhance profitability through business adjustments and cost reduction efforts in 2025, including increasing rental income from idle factories, which is expected to improve cash flow [1] - The subsidiary, Ekornes AS, specializes in the development, production, and sales of comfort chairs, sofas, and mattresses [1] Group 2: Financial Performance - For the period from January to September 2025, the company's total profit amounted to -87,799,256.77 yuan, with a net profit attributable to shareholders of -66,933,627.49 yuan, and a net profit excluding non-recurring gains and losses of -111,166,589.86 yuan [1] - The company anticipates that the total profit, net profit attributable to shareholders, and net profit excluding non-recurring gains and losses for the entire year of 2025 will all be negative [1] Group 3: Future Outlook - The company is on the verge of completing a debt replacement for overseas liabilities, which is expected to reduce financial expenses and potentially restore profits and cash flow [1]