Group 1 - The core viewpoint of the article discusses the accounting treatment of financing leases by manufacturers or dealers, emphasizing that it is similar to installment sales of goods [1][2][3] - Under the new leasing standards, revenue from financing leases is recognized at the start of the lease, with the difference between the sales price and total receipts recognized as "unrealized financing income" [1][2] - The accounting entries for financing leases include recognizing receivables and revenue at the lease commencement date, and subsequently recognizing rental income during the lease term [2][3] Group 2 - The accounting treatment for installment sales by manufacturers or dealers is outlined, showing that it follows similar principles to financing leases [3][4] - The recognition of revenue and costs is consistent across both financing leases and installment sales, with revenue recognized when control of the goods transfers [3] - The treatment of unrecognized financing income and the allocation of financial expenses are also detailed, indicating a structured approach to revenue recognition [4]

Core Viewpoint - The impact of leasing standards on financial metrics is significantly influenced by the actual leased area, with a notable increase in overseas warehouse space expected by the end of 2024 compared to 2023, leading to a substantial rise in leasing liabilities [1] Group 1: Financial Metrics - By the end of 2024, the overseas warehouse area is projected to reach 662,100 square meters, a more than 100% increase from 289,600 square meters at the end of 2023 [1] - The increase in leased area will result in a significant rise in leasing liabilities for the company [1] Group 2: Profitability Concerns - The initial phase of opening new warehouses is expected to lower overall profit margins due to ramp-up costs [1] - Factors such as FedEx's price increases are anticipated to negatively impact the profitability of overseas warehouses [1] - The strategic losses incurred during the early stages of new business development have contributed to performance falling short of expectations [1]