Core Viewpoint - The article discusses the challenges faced by the home furnishing industry, highlighting the recent death of a key executive at Mona Lisa Group and the financial struggles of various companies within the sector [3][4][11]. Group 1: Company-Specific Issues - The general manager of Guangdong Mengchuang Zhiyuan New Materials Technology Co., Ltd. and QD Tile brand manager, Ou Jian, passed away on November 30, 2025, at the age of 44 [3][6]. - Mona Lisa Group reported a significant decline in financial performance, with a revenue of 2.977 billion yuan for the first three quarters of 2025, a year-on-year decrease of 16.66%. The net profit attributable to shareholders was 80.5042 million yuan, down 42.71% [8]. - QD Tile is positioned as a trendy brand targeting young consumers, but faces substantial performance pressure [8]. Group 2: Industry-Wide Challenges - The home furnishing industry is experiencing widespread difficulties, with companies like Yanzhen Home initiating asset sales to recover funds, totaling 51 million yuan in a recent transaction [12][14]. - Gujia Home has entered bankruptcy restructuring and is facing allegations of asset transfer and reliance on high-interest loans, with significant amounts transferred to related parties [16][19]. - The industry has seen a wave of executive turmoil, including investigations and resignations, with notable incidents such as the suicide of key figures in the sector [23][25]. - The overall market is under pressure due to real estate regulation and economic downturn, leading to a decline in sales and project progress [27].