Financial Performance - In 2024, the company achieved operating revenue of 1,026.65 million CNY, a year-on-year decrease of 20.06% [2] - The net profit attributable to shareholders was -175.21 million CNY, a decline of 982.54% compared to the previous year [2] - The net profit after deducting non-recurring gains and losses was -183.28 million CNY, down 2,746.86% year-on-year [2] - The gross profit margin decreased by 4.45% due to fixed costs and market competition [2] Industry Overview - In 2024, the furniture manufacturing industry achieved a total operating revenue of 677.15 billion CNY, a growth of 0.4% year-on-year [3][4] - The total profit for the industry was 37.24 billion CNY, a slight decline of 0.1% compared to the previous year [4] - The market remains stable, with growth potential driven by housing policies and urbanization [4] Growth Strategies - The company aims to focus on high-quality development and enhance profitability through a "big home" strategy, emphasizing green and high-quality customized home products [3] - Continuous improvement of subsidiary business performance and risk management systems is planned to enhance asset quality [3] Shareholder Engagement - The company has implemented a share buyback plan, having repurchased 4,103,500 shares, accounting for 2.00% of total share capital, with a total transaction amount of 27,649,614 CNY [6] - The company is committed to cash dividends and other shareholder return strategies based on future profitability [5][6] International Business Development - The company is exploring overseas markets through subsidiaries like Topsolid International (Hong Kong) and Zhongshan Topsolid International Trade Co., Ltd. [6] - Less than 1% of total revenue comes from exports, primarily to Europe and Southeast Asia, indicating limited impact from U.S. tariffs [6]