Financial Performance - The company's operating revenue decreased by 21.99% year-on-year, while the net profit attributable to shareholders dropped by 61.69% [2][4] - Domestic sales amounted to only 32.8475 million yuan, indicating a heavy reliance on overseas markets, which account for over 93% of total sales [3] Market Conditions - Despite the decline in performance, the overall demand in Europe remains positive, and Asia's performing arts activities continue to grow steadily [3] - The Middle East market is showing signs of recovery, while the U.S. market is affected by tariffs [3] Strategic Outlook - The company plans to enhance its R&D capabilities and introduce competitive products to increase market share and overall competitiveness [4][5] - Adjustments in product structure and optimization of product proportions in niche markets are part of the strategy to address future market challenges [5] Operational Developments - The fixed assets increased by 10.31% year-on-year, primarily due to the completion of fundraising projects, which are expected to enhance production capacity [3][4] - The company is actively monitoring the progress of its overseas production base in Vietnam, with updates to be disclosed in future announcements [3]