Group 1 - The core viewpoint of the article highlights that Mingdiao Co., Ltd. reported a decline in revenue and net profit for the first half of the year, with revenue at 267 million yuan, down 8.93% year-on-year, and net profit at 7.68 million yuan, down 11.95% year-on-year, amidst a challenging real estate market [1] - The company demonstrated strong business resilience despite the ongoing deep adjustment in the national real estate market, indicating a steady transition in operational status [1] - The domestic home decoration industry is experiencing both resilient growth and structural transformation driven by policy support, consumption upgrades, and technological iterations, although the core contradiction in the home decoration industry remains unresolved [1] Group 2 - Mingdiao Co., Ltd. focuses on high-end customers by integrating advanced design concepts with local culture and personalized customer needs, creating a unique design philosophy that meets aesthetic and functional demands [1] - The company actively promotes a multi-brand operation strategy, developing three major product lines: Mingdiao High-end Home Decoration, Mingdiao Dandi, and Mingdiao High-end Full Case [1] - In response to challenges in the real estate sector, the company is adjusting its strategic layout, emphasizing emerging business areas such as secondary renovations, old community renovations, and refined decoration markets to explore potential market opportunities [1] Group 3 - As of the end of the second quarter, Mingdiao Co., Ltd. had a sufficient order backlog, with signed but uncompleted orders amounting to 472 million yuan, all related to residential projects, primarily concentrated in Shenzhen and the Pearl River Delta region [2] - Recent real estate policies introduced in Beijing and Shanghai, along with a strengthening capital market, are expected to accelerate the stabilization process of the real estate market, particularly in core cities represented by first-tier cities [2]