Group 1: Company Performance and Strategy - The company held a half-year performance briefing on September 12, 2025, to address investor concerns [2] - The company plans to distribute a cash dividend of 5.50 yuan per 10 shares, totaling 76.49 million yuan, which accounts for 42.17% of the net profit attributable to shareholders for the first half of 2025 [9] - As of June 30, 2025, the company had overseas assets amounting to 5.351 billion yuan, representing 52.29% of total assets, with a significant portion derived from its operations in Vietnam [7] Group 2: Market Trends and Opportunities - The global e-commerce penetration rate for home goods has increased from 24% in 2018 to 33% in 2024, with expectations to reach 36% in 2025 [3] - Vietnam's furniture exports reached 43.39 billion USD in August 2025, showing a month-on-month increase of 2.6% and a year-on-year increase of 14.5% [4] - The company has been actively participating in major industry exhibitions to showcase its innovative products and expand its market presence [8] Group 3: Technological Advancements - The company holds 1,559 valid patents as of June 30, 2025, including 153 invention patents, focusing on ergonomic design and smart health monitoring technologies [10] - The company emphasizes the transformation of core technologies into competitive products, enhancing user experience through continuous R&D investment [10] Group 4: Economic Impact - The potential impact of U.S. interest rate cuts is expected to boost the real estate market, thereby increasing demand for furniture and positively affecting the company's business [6] - The company is leveraging its global production layout and foreign exchange risk hedging mechanisms to capitalize on the recovery of the U.S. real estate market [6]