Core Viewpoint - The company has responded to the Shanghai Stock Exchange's inquiry regarding its 2025 performance forecast, emphasizing compliance with revenue recognition policies and providing detailed information on its business segments and customer transactions [1][2]. Group 1: Revenue Recognition - The company reported that its revenue from flooring products for 2024 and 2025 was 258.53 million RMB and 264.68 million RMB, accounting for 79.59% and 75.58% of total revenue respectively, with a slight increase in sales but a decrease in percentage due to higher sales from its subsidiary [2][4]. - The revenue recognition policy has remained unchanged during the reporting period, adhering to the relevant accounting standards, and there are no indications of premature or deferred revenue recognition to avoid delisting risk [3][4]. Group 2: Major Customers - The company provided a list of its top ten customers across its business segments, including flooring, cabinetry, and wood finishes, detailing customer names, relationships, contract dates, and payment statuses [4][6]. - Notably, some customers are identified as related parties due to their connections with the company's former actual controller, which may influence the company's interests [4][5]. Group 3: Engineering Projects - The company categorized its engineering projects into those with and without installation agreements, specifying that revenue recognition for projects with agreements is based on obtaining acceptance documents [6][7]. - The company confirmed that there are no instances of premature or deferred revenue recognition in its engineering projects, with all transactions documented and compliant with accounting standards [11]. Group 4: Related Party Transactions - The company disclosed details of transactions with its former actual controller and related entities, ensuring that the pricing and revenue recognition policies for these transactions are consistent with non-related business transactions [9][11]. - The company is undergoing an audit to verify the fairness and commercial substance of these related party transactions, with no anomalies reported thus far [11][12]. Group 5: Revenue Deductions - The company reported a total of 5.1994 million RMB in revenue deductions, primarily from non-core business activities, confirming that all deductions were accurately accounted for and compliant with regulatory guidelines [13][14]. - The auditing process has not revealed any inaccuracies or omissions in the reported revenue deductions, with further verification planned [14].