Core Viewpoint - The company anticipates a slight decrease in order volume and sales due to current U.S. tariff policies, but expects recovery and growth starting next year as demand in the U.S. market continues to rise [2][3]. Financial Performance - In the previous year, the company achieved a revenue of 14.795 billion yuan, representing a year-on-year growth of 35.37%, and a net profit attributable to shareholders of 2.304 billion yuan, up 36.18% year-on-year [3]. - Revenue from the Americas reached 9.387 billion yuan, accounting for 63.44% of total revenue [3]. Impact of Tariffs - The U.S. tariffs are expected to be borne by end consumers, with the company and its customers sharing the burden approximately 50/50 [5]. - The company is facing challenges due to high tariffs imposed on Vietnam, which is one of its main production locations [5]. Production and Capacity Expansion - The company plans to relocate 70%-80% of its U.S. product output to Southeast Asia within the next two years [6]. - Significant capital expenditure of approximately 50 million USD is planned for Southeast Asia this year, including multiple projects in Vietnam and Thailand [7]. - The company requires an additional 300 million USD in cash for operational funding for every 1 billion USD increase in revenue [7]. Market Position and Strategy - The company holds a strong position in the hand tools manufacturing industry, being one of the most globalized companies in the sector [5]. - Despite having nearly 200 million euros in production capacity in Europe, revenue from Europe accounts for less than 30% of total revenue and is declining [6].