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Financial Performance - The company's net profit for 2025 is expected to be between 90 million and 110 million CNY, representing a growth of 79.64% to 119.56% compared to the previous year, primarily due to a significant reduction in asset impairment provisions [3] - The fourth quarter of 2025's net profit was mainly impacted by asset impairment provisions, with detailed financial metrics to be disclosed in the upcoming annual report [3] Asset Impairment - The company will determine future asset impairment provisions based on specific circumstances and a principle of prudence, with announcements to follow [4] Financial Planning - Future financial arrangements will focus on optimizing the asset-liability ratio, with no plans for new production capacity domestically as orders shift overseas [5] Product Structure - The company's product lineup remains centered on SPC, WPC, and LVT PVC flooring, with SPC flooring still generating the majority of revenue, although its proportion is decreasing. Adjustments to the product structure will be made based on customer demand [6] Exchange Rate Impact - In 2025, the company experienced significant fluctuations in exchange gains and losses, but overall, it maintained balance. Future strategies will be implemented to mitigate the impact of exchange rates [7] PVC Price Fluctuations - PVC prices have been at historically low levels over the past year. Significant price fluctuations may affect the company's gross margin, but the overall risk is considered manageable [8] Tariff Policies - The U.S. tariff policies on domestic and Vietnamese products have stabilized, reducing uncertainty. In 2025, the company negotiated a tariff-sharing plan with customers [8]