Group 1 - The CFO of TCM Group, Jan B. Madsen, will step down by July 31, 2026, and the company has initiated the recruitment process for a new CFO [1] - Hans Barslund has been appointed as the Interim CFO until a permanent replacement is found [1] Group 2 - TCM Group is the third largest manufacturer of kitchens and furniture for bathrooms and storage in Scandinavia [2] - The company operates under a multi-brand strategy, with its main brand being Svane Køkkenet, alongside Tvis Køkken, Nettoline, and AUBO [2] - TCM Group products are designed and produced in Denmark, emphasizing quality and craftsmanship, and are sold through approximately 220 dealers across Denmark and Scandinavia [2]

Core Insights - The U.S. logistics, manufacturing, and supply-chain sectors are experiencing significant layoffs, facility closures, and bankruptcy filings, affecting over 2,200 workers nationwide as companies face challenges such as lost contracts, high costs, excess capacity, and tighter credit conditions [6]. Company-Specific Summaries - Kroehler Furniture Co. has permanently closed its manufacturing facility in Conover, North Carolina, resulting in the layoff of more than 275 employees as part of a restructuring to improve long-term viability amid high wood fiber and energy costs [1]. - Packaging Corporation of America plans to lay off about 200 employees at its containerboard mill in Wallula, Washington, following the permanent shutdown of a paper machine and kraft pulping operations [2]. - AVI Food Systems is set to lay off 297 employees in Philadelphia due to a facility closure, impacting large institutional foodservice operations [4]. - RailCrew Xpress is laying off over 400 employees across multiple states after losing a major contract with CSX [5]. - I Squared Logistics has laid off 160 workers in North Carolina after abruptly shutting down operations as an Amazon delivery service partner [8]. - The Giant Co. plans to close five e-commerce fulfillment centers in Pennsylvania, resulting in the layoff of 128 workers [9]. - United Parcel Service is closing a distribution facility in Montgomery, Alabama, leading to the layoff of 128 employees as part of a broader restructuring [11]. - Comprehensive Logistics laid off 105 workers in Georgia after losing a major contract [12]. - Archer Daniels Midland will close its Memphis facility, resulting in the layoff of 95 employees as part of a new joint venture [13]. - FedEx is laying off 89 employees at a facility in Fort Worth, Texas, as part of its multiyear Network 2.0 reorganization [14]. - Microplastics Inc. has laid off 86 employees and shut down its Illinois plant amid asset sale negotiations [15]. - Post Consumer Brands is cutting 71 jobs at its Michigan cereal plant after halting production of several product lines [16]. - U.S. Endodontics is laying off 70 workers from its Tennessee facility, with no reason provided for the reduction [17]. - GNC is laying off 66 workers from its Phoenix distribution center, with no disclosed reason [18]. - United Piston Ring is closing its Wisconsin plant, resulting in the layoff of about 60 employees as part of a restructuring [19]. - Ryder Integrated Logistics is laying off 59 employees following the closure of a facility in Illinois [20]. - Ample Inc. filed for Chapter 11 bankruptcy protection amid severe cash shortages, reducing its workforce from approximately 120-160 to just a few employees [21][22]. - FlexShopper Inc. filed for Chapter 11 bankruptcy, reporting less than $1 million in assets and liabilities ranging from $100 million to $500 million [23][24]. - Food52 Inc. filed for Chapter 11 bankruptcy protection, citing sustained cash burn and declining demand, with revenue dropping from approximately $160 million in 2021 to about $74.7 million in 2024 [26][28].

作为一名自由开发者，很多人对这种情况并不陌生：有时候，你花了几个星期写代码、调试页面，把一个网站按约交付，可是客户的尾款却迟迟未到账。 几次沟通、一次又一次提醒后，仍然没有下文，此时你会怎么做？ 最近，一位国外 Web 开发者给出了一个极端答案——直接把客户官网，变成了全网可见的催款公告。 没错，他不是暗中锁掉后台，也不是挂个提醒条幅，而是把整个网站内容全部替换，留下三行醒目的文字： 应该把网站开发费付清。 这家公司的官网域名是 joseph-smith.co.uk，曾是其重要的"线上门面"，如今却被当初负责开发网站的程序员完全接管了。 这名开发者的整个操作其实并不复杂：他没有留下任何个人署名，也没使用复杂的技术手段，只是把网站原有页面内容全部替换掉，只保留那段讨款声 明。 网站开发服务已完成并交付，但 Joseph Smith Furniture 的相关款项仍未支付。 如需恢复网站访问权限，请先完成付款。 https://joseph-smith.co.uk/ 原本展示定制家具的官网，一夜之间，变成了"讨债现场"。 从"接项目"到"锁官网"，一名 Web 开发者的破釜沉舟 这场风波的另一方，是一家英国本土的 ...

Group 1: Real Estate Market - Mortgage rates have decreased from approximately 7.04% on January 16, 2025, to about 6.15% on January 2, 2026, which is positive news for homebuyers and may encourage activity in the real estate market [1] - Homebuyers may wait to see if mortgage rates decline further before making purchasing decisions, indicating a cautious but optimistic outlook for the market [1] Group 2: Furniture Industry Sales - The furniture industry experienced a sales decline of 1.87% in September 2025 and 0.08% in October 2025, with nearly flat sales in November 2025, which saw a slight increase of 0.01% [2][8] - The slow real estate market has contributed to the challenges faced by the furniture sector, alongside rising labor and product costs due to inflation, increased tariffs, and the lingering effects of the Covid pandemic [3] Group 3: Store Closures - Some furniture retailers are closing due to owners retiring, as seen with Tuskers Home Store in Florida and Meiselwitz in Wisconsin, both announcing closures in December [4] - Companies are not only closing retail locations but also shutting down manufacturing facilities, indicating a broader impact on the industry [5] Group 4: Kroehler Furniture - Kroehler Furniture, a 132-year-old company, permanently closed its manufacturing plant in Conover, North Carolina, on December 31, following a Chapter 11 bankruptcy filing [6][8] - The closure of Kroehler's facility will result in the layoffs of 208 employees, highlighting the significant impact of reduced business on employment within the industry [7]

Key Points The Trump Administration delayed new tariff increases on certain furniture items that were supposed to go into effect January 1. Still, the initial industry-specific rates imposed in September will remain. The furniture industry has sustained multiple headwinds over the past four years, with RH stock still down 76% from its highs. 10 stocks we like better than RH › Shares of luxury furniture-maker RH (NYSE: RH) were up strongly to start 2026, rising 9.6% as of 2:52 p.m. EDT. RH ralli ...

Group 1 - The core focus of Crude Value Insights is on cash flow and companies that generate it, highlighting value and growth prospects in the oil and natural gas sector [1] - Subscribers benefit from a 50+ stock model account, which provides a comprehensive analysis of cash flow for exploration and production (E&P) firms [1] - The service includes live chat discussions about the sector, fostering a community for investors interested in oil and gas [1] Group 2 - A two-week free trial is available for new subscribers, encouraging engagement with the oil and gas investment community [2]

As filed with the U.S. Securities and Exchange Commission on December 23, 2025 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 AOJE INC. (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) (Primary Standard Industrial Cayman Islands 2510 Not Applicable (I.R.S. Employer Identification Number) Classification Code Number) No.443 Donggan ...

Core Insights - The company reported stable sales growth and improvements in gross margin despite a volatile market environment [1][3] - Total sales for Q3 2025 increased by 4% year-on-year to DKK 289 million, with organic growth of 3% [1][9] - The company is narrowing its full-year 2025 guidance for revenue and adjusted EBIT [6] Sales Performance - Order intake showed high single-digit growth in the core business and double-digit growth in the B2C segment [2] - B2B project orders declined slightly, while orders from builders of turnkey residential houses exhibited a strong positive trend [2] Financial Metrics - Gross margin increased to 21.4% in Q3 2025, up from 20.3% in Q3 2024, driven by higher average selling prices and efficiency gains [3] - Adjusted EBIT remained broadly unchanged at DKK 16.6 million, with an adjusted EBIT margin of 5.8% [4][9] - Free cash flow decreased to DKK 4 million from DKK 6 million in the same period last year, primarily due to adverse working capital developments [5][9] Guidance and Future Outlook - The company expects full-year revenue in the range of DKK 1,260–1,280 million and adjusted EBIT in the range of DKK 93–100 million [6][15] - TCM Group will take full ownership of Celebert on November 25, 2025, which is expected to have an insignificant effect on 2025 figures [7]

Core Insights - The company expects revenue for continuing operations in the financial year 2024/25 to be between DKK 510–520 million and an operating profit (EBIT) of DKK 35–40 million, compared to DKK 19.7 million in 2023/24 [1] - The annual report for 2024/25 is set to be published on 20 November 2025, showing a revenue increase to DKK 516.0 million, a growth of DKK 32.5 million (7%) from DKK 483.5 million last year, and an EBIT of DKK 44 million [2] - Original expectations for 2023/24 were a revenue of DKK 485–530 million and an EBIT of DKK 20–30 million, with actual revenue realized at the upper end of expectations due to improved productivity [3] Financial Performance - The preliminary calculated and unaudited EBIT for the combined continuing and discontinued operations was DKK 28 million, up from DKK 10.9 million in 2023/24 [4] - The overall performance reflects strong progress in continuing operations globally and effective execution of the FurnMaster business in Europe, despite a negative contribution from the FurnMaster business in Mexico due to ongoing restructuring [4] Business Operations - The Group's global furniture manufacturing activities, FurnMaster, are still up for sale and are classified as discontinued operations [3]

Financial Data and Key Metrics Changes - Gentherm reported record quarterly revenue of $387 million, representing a 4.1% increase year-over-year, with revenues excluding foreign currency translation increasing by 2.4% [18][19] - Adjusted EBITDA was $49 million, or 12.7% of sales, compared to 12.9% in the same quarter last year, reflecting a 20 basis point decline primarily due to higher material costs [19] - Operating cash flow year-to-date reached $88 million, strengthening the company's balance sheet, with net leverage at 0.2 times at the end of the quarter [20] Business Line Data and Key Metrics Changes - Automotive Climate and Comfort Solutions revenue increased by 8.6% year-over-year, or 7% excluding foreign exchange impacts, which offset planned revenue decreases from strategic exits [19] - Medical revenue decreased by 0.4% year-over-year, or 1.6% excluding foreign exchange [19] Market Data and Key Metrics Changes - Third quarter automotive new business awards totaled $745 million, bringing the year-to-date total to $1.8 billion, with expectations to exceed $2 billion for the full year [6][14] - Improved performance was noted in China, with the automotive climate and comfort solutions outperforming actual light vehicle production in key markets by 160 basis points, excluding foreign exchange [7][16] Company Strategy and Development Direction - The company is focused on scaling core technologies across multiple end markets to drive profitable growth, with a commercial funnel of over $300 million in lifetime revenue generated in the last 90 days [10] - Gentherm is preparing to enter the furniture market, with production expected to start in 2026, leveraging existing plant capacity [10][11] - The company is also pursuing M&A opportunities to access new markets and expand its product portfolio, aligning with its core technology platforms [13][51] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding potential supply chain impacts on OEM production but noted that they are actively working with customers and suppliers to mitigate risks [9][40] - The company increased the midpoint of its revenue guidance for the full year to a range of $1.47 billion to $1.49 billion, driven by improved light vehicle industry production expectations [21] Other Important Information - The company is in discussions with several furniture brands for thermal and pneumatic solutions, viewing this as an attractive adjacent market with significant annual volumes and margin profiles [11] - Gentherm's global strategic manufacturing footprint realignment plans are on track to be substantially complete by the end of next year, with significant progress in relocating manufacturing processes [13] Q&A Session Summary Question: Factors contributing to conquest business momentum - Management highlighted innovative solutions, strong commercial relationships with OEMs, and the value proposition provided to end users as key factors driving momentum in winning conquest business [26][28] Question: Breakdown of the $300 million adjacent market opportunity - Management indicated that the pipeline is roughly a third for furniture, a third for commercial vehicles, and a third for other mobility, with furniture showing rapid adoption and expected revenue starting in 2026 [30][32] Question: Near-term production environment and guidance - Management addressed concerns regarding supply chain issues, noting that while there are challenges, they have not seen significant impacts on schedules yet [39][42] Question: Opportunities in adjacent markets - Management discussed the Indian market as an attractive opportunity, particularly for two-wheelers, and emphasized the potential for alternative revenue streams [44][45] Question: Strategic footprint alignment plan and margin progression - Management expects to see incremental savings from the strategic footprint alignment plan, with real savings anticipated more in 2027 [47][48] Question: M&A pipeline focus - Management clarified that M&A efforts will focus on building a more resilient company, providing access to new markets, and broadening the product portfolio [50][51]