Group 1 - The company issued a statement addressing recent false claims made by some media regarding its operational stability and compliance with dividend policies [1][2] - As of June 2025, the company has over 5,500 cooperative dealers and more than 7,500 physical stores [1] - The company reported that 7 dealers experienced financial issues in the past year, representing 0.13% of its dealer network, indicating that these are individual cases rather than systemic risks [1][2] Group 2 - The company's production and operations are currently normal, with a stable management team [2] - The company plans to take legal action against media outlets spreading false information, including complaints to platforms and administrative authorities [2] - The proportion of dealers facing financial difficulties is considered normal within the large home furnishing industry, reflecting the natural selection process in a competitive market [2]

Core Viewpoint - 欧派家居 has issued a statement to refute recent misleading reports regarding its operational stability and compliance with dividend policies, asserting that its business operations are normal and management is stable [1] Financial Performance - In Q1 2025, 欧派家居 achieved revenue of 3.447 billion and a net profit of 307.9 million, representing a year-on-year growth of 41.29% [2] - The net cash flow from operating activities for 2024 was 5.499 billion, up 12.73%, while Q1 2025 saw a significant increase of 270.91% to 772 million [2] - The company maintains a strong financial position with no overdue debts and excellent indicators such as asset-liability ratio and liquidity ratio [2] Dealer Ecosystem - As of June 2025, 欧派家居 has over 5,500 cooperative dealers and more than 7,500 physical stores [2] - Issues faced by individual dealers are attributed to their own management problems and do not indicate systemic risks for the company [2] - The company has established a robust dealer support and risk warning mechanism to protect consumer rights and maintain brand reputation [2] Shareholder Returns - The cash dividend plan for 2024 aligns with the company's three-year shareholder return strategy, with a total dividend payout of 7.23 billion since its listing in 2017, exceeding the total financing of 5.574 billion [3] - 欧派家居 is committed to its home furnishing development strategy and aims to enhance brand reputation and trust through quality and service [3]

Core Viewpoint - The company, Oppein Home, has issued a statement addressing recent false reports by some media regarding its operational stability and compliance with dividend policies, asserting its strong financial health and low debt pressure [1][2]. Company Summary - Oppein Home reported a strong cash reserve and excellent financial metrics, including low asset-liability ratios and liquidity ratios, with no overdue debts [1]. - The company has experienced a minor issue with 7 distributors facing financial difficulties, representing only 0.13% of its distributor network, which is characterized as individual cases rather than systemic risks [1]. - As of June 2025, Oppein Home has over 5,500 cooperative distributors and more than 7,500 physical stores [1]. - The company is focusing on upgrading consumer experience and adapting its business model in response to evolving consumer demands [1]. Industry Summary - The home furnishing industry is currently facing challenges, with significant events such as the closure of Jingjiaju and the death of a key figure in the industry, leading to a perception of a "cold wave" in the market [2]. - Preliminary reports indicate mixed performance among over 50 listed home furnishing companies, with some, like Sophia and Haolaike, experiencing declines in both revenue and net profit [2]. - According to East Asia Securities, the overall demand for home furnishings is under pressure, with a projected 3.9% year-on-year decline in sales for 2024, although improvements are expected in the latter part of the year [3].