编号：2026-005 | 投资者关系活动类 | √ 特定对象调研 □ 分析师会议 | | | --- | --- | --- | | 别 | □ 媒体采访 □ 业绩说明会 | | | | 新闻发布会 路演活动 □ □ | | | | □ 现场参观 | | | | √ 其他 （腾讯会议） | | | 活动参与人员 | 国海证券 林昕宇 华宝基金 刘娇 | 赵兰亭 | | | 浙商证券 毕春晖 泰康资管 李金桃 | | | 时间 | 2026 年 3 月 4 日 | | | 地点 | 箭牌总部大厦 | | | 形式 | 线上会议、现场会议 | | | 公司接待人员 | 副总经理、董事会秘书 杨伟华 | | | | 1、公司经营策略调整情况以及 2026 年核心发展规划 | | | | 基于对公司过去几年整体经营情况的复盘，并紧密围绕市场 | | | | 变化，2025 年，公司确立了以零售渠道建设为核心，深耕零售渠 | | | | 道的精细化运营管理，以店效倍增项目为抓手，向经销商持续赋 | | | | 能，重点驱动零售渠道的增长。前三季度，店效倍增项目分阶段 | | | | 稳步推进，经销商试点门店店效实现显 ...

Core Insights - Arrow Home Group conducted a targeted research meeting with Guohai Securities and Bosera Fund, focusing on various business operations and strategies [1] Group 1: Business Operations - The company emphasizes refined operations in retail channels, implementing a store efficiency enhancement project that has shown significant results in pilot stores, leading to increased retail revenue [2] - Key operational focuses include driving growth through retail channels, optimizing sales structure to improve gross margins, and implementing internal management reforms to enhance operational quality [2] - The company is actively pursuing international expansion while maintaining a strong focus on the domestic market, although overseas business currently represents a small portion of total revenue [2] Group 2: Policy Impact - Arrow Home Group is leveraging national subsidy policies to optimize its sales structure and enhance gross margins, while the clarity of these policies does influence operational strategies [2]