SPZP(SZ:300616) Xin Lang Cai Jing·2026-02-12 04:40Core Viewpoint - The company anticipates a net loss attributable to shareholders of between 200 million to 250 million yuan for 2025, with a non-recurring net profit loss of 220 million to 266 million yuan, primarily due to the ongoing downturn in the real estate market impacting overall demand in the home furnishing industry [1] Group 1: Company Performance - The company is facing significant pressure on its overall operating performance, with revenue declining year-on-year due to the persistent downturn in the real estate sector [1] - The company is implementing various strategies to counteract industry challenges, including deepening AI technology applications, optimizing channel structures, and innovating its business model [1] - Despite these efforts, the company continues to experience losses, with gross margin under pressure from rigid cost characteristics [1] Group 2: Strategic Partnerships - The company has formed a strategic alliance with TuoZhu Technology to integrate 3D printing technology into home furnishing, aiming to create a "3D printing maker space" for Chinese families [1][2] - This collaboration is seen as a benchmark case for the integration of home furnishing and technology, addressing industry pain points related to the slow adoption of 3D printing [2] - The partnership leverages the company's extensive network of over 2,000 stores and a service network reaching millions of households to enhance TuoZhu's market penetration among high-net-worth families [2] Group 3: Future Outlook - The company and TuoZhu Technology plan to expand the application of 3D printing in various family scenarios, including daily use, creative activities, and customized home furnishing, to meet personalized family needs [3] - They aim to jointly establish standards for personalized home manufacturing, integrating resources across the entire supply chain and enhancing AI, digital, and flexible production models [3]