交流会上，香港投资推广署介绍了香港的营商优势、政策新机遇、税制优势、香港消费产品行业环境和实战案例等，并邀请成功落地香港的企业代表做案 例说明。香港具备高度国际化的市场环境和完善的专业服务体系，并积极构建高增值供应链服务中心，推出多项贸易便利化及融资电子化举措，为内地企 业出口提供坚实保障。消费产业品牌可借助香港多元文化环境，开展产品测试与服务模式验证，为后续进军东南亚、欧美等海外市场积累实战经验。 活动中，鲁港两地企业及专家就推动山东企业国际化、山东好品"走出去"深入交流，有效打通了鲁企对接香港优质资源的信息渠道，进一步深化了鲁港两 地经贸合作关系，为山东与香港深化经贸、人才领域合作注入新动能。山东省企业、机构代表逾百人参加活动。 近日，由山东省商务厅、香港投资推广署、香港驻沪办联合主办的香港-助力内地消费产品企业"走出去"交流会在济南举行。活动以鲁企"出海"为核心聚 焦点，旨在进一步搭建合作平台，深化山东与香港两地经贸领域的务实合作。 ...

Group 1 - Hong Kong provides tailored support services for businesses, including tax system introduction, location assistance, and talent input facilitation [1] - From January to April this year, the Hong Kong Investment Promotion Agency assisted 223 mainland and overseas companies to establish operations in Hong Kong, a 13% increase compared to the same period last year [1] - These companies are expected to bring over HKD 22.3 billion in direct investment and create more than 4,900 jobs in their first year, with over a quarter planning to set up international or regional headquarters in Hong Kong [1] Group 2 - The Hong Kong government collaborates with the Development Bureau and the Investment Promotion Agency to introduce existing and future economic land layouts to businesses interested in establishing operations in Hong Kong [2] - The Northern Metropolis development area is strategically planned to provide land and floor space for emerging industries and traditional sectors, with significant output expected in the coming years [2] - The Talent Services Office has received over 45,000 applications for talent entry programs from January to April 2025, with more than 35,000 approved, offering various support services to help newcomers integrate into Hong Kong society [2]

Financial Data and Key Metrics Changes - The company reported GAAP earnings from continuing operations of $0.79 per share, up from $0.44 in the prior year quarter, reflecting strong earnings growth [14] - Adjusted EBITDA for the quarter was $74 million, an increase from $67 million in Q3 of last year, with an adjusted EBITDA margin of over 24% compared to 21% last year [17][19] - Consolidated net sales for the quarter were $305 million, a 3.9% decrease from $317 million in the prior year quarter, primarily due to the deconsolidation of the former Sustainable Energy Solutions segment [15][19] Business Line Data and Key Metrics Changes - Consumer products Q3 net sales grew 5% year over year to $140 million, with adjusted EBITDA of $29 million and a 20.5% margin [20] - Building products Q3 net sales grew 11% year over year to $165 million, with adjusted EBITDA of $53 million and a 32% margin [21] - The Regasco acquisition contributed positively to sales growth, while the heating, cooling, and water businesses showed strong performance [21][22] Market Data and Key Metrics Changes - The company noted improved demand returning to seasonally normal trends across value streams, contributing to growth in various markets [6][21] - The consumer segment benefited from higher volumes, despite ongoing macroeconomic uncertainty, positioning the company well for the spring and outdoor season [20] Company Strategy and Development Direction - The company continues to leverage its business system focusing on innovation, transformation, and M&A to maximize near and long-term success [7][12] - The strategy includes launching new products, such as IoT-enabled solutions and expanding distribution channels, to enhance market share [8][10] - The company is committed to maintaining a strong balance sheet and liquidity to pursue additional growth through acquisitions [12][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the current operating environment, emphasizing the company's domestic manufacturing strength and diversified sourcing capabilities [29] - The company anticipates long-term growth opportunities in commercial construction and repair and remodel activity, despite current macroeconomic uncertainties [23] Other Important Information - The company invested $13 million in capital projects during the quarter, including $8 million related to facility modernization initiatives [18] - The Board of Directors declared a quarterly dividend of $0.17 per share payable in June 2025 [19] Q&A Session Summary Question: How are tariffs being navigated in today's market? - Management indicated that the company is well-positioned as a domestic manufacturer and has diversified sourcing capabilities to manage cost pressures, including potential price increases [28][30] Question: What are the contributing factors for progress in core products' EBITDA margin? - The building products business saw an increase in EBITDA margin from 6% to 11% year over year, driven by positive mix shifts and returning to seasonally normal demand levels [37] Question: Can you provide an update on the M&A pipeline? - The M&A pipeline remains healthy, with ongoing assessments of opportunities despite macroeconomic uncertainties [70] Question: What is the outlook for free cash flow conversion? - The company aims to maintain strong free cash flow conversion rates, targeting over 100% while continuing to invest in capital projects [57] Question: How is the company addressing the challenges in the consumer segment? - Management noted that demand remains healthy, and proactive communication with retail partners is key to managing inventory levels [101]