Sales Performance - In 2025, the company experienced mixed sales results across product categories, with stable positions in functional footwear materials and sofa home furnishings, a decline in sports equipment, stable performance in consumer electronics, and growth in automotive interior materials [2][3]. - The automotive interior market is increasingly adopting PU materials, particularly among new energy vehicle manufacturers, due to their superior physical properties and eco-friendliness [2][3]. 2026 Sales Outlook - The marketing department holds an optimistic view for 2026 sales, acknowledging both challenges and opportunities in a complex macroeconomic environment, with a focus on expanding market share and revenue in functional footwear, sofa home furnishings, automotive interiors, and consumer electronics [4]. - The company aims for a steady and moderately positive production and operational plan for 2026, targeting improved performance through market expansion and product development [4]. Key Client Relationships - The company upgraded to a strategic partner with Nike in 2025, leading to increased sales and a goal to further enhance its share within Nike in 2026 [4]. - Collaborations with Adidas are in a growth phase, with production expected to ramp up in 2026, alongside maintaining strong relationships with brands like Puma, Asics, Anta, Li Ning, and Tebu [4][5]. Order and Production Status - The company employs a sales-driven production model, expecting stable order conditions in Q1 2026, with overall production and operations running smoothly [5]. - In the consumer electronics sector, the company is actively expanding its client base and developing new products to meet lightweight and high-performance demands [6]. Market Expansion in Emerging Fields - The company has achieved some production orders in the semiconductor and healthcare materials sectors, although these currently represent a small portion of overall revenue [6]. - There is ongoing development in the field of embodied intelligence, with efforts to optimize sample performance and appearance based on client feedback, although substantial orders have yet to materialize [6]. International Operations - In August 2025, Amway Vietnam launched two remaining production lines, leading to a gradual release of capacity and achieving monthly profitability in Q4 2025, despite an overall loss for the year [6].

Group 1: Financial Performance and Outlook - The company faced short-term pressure in Q3 2025, with a year-on-year decline in operating performance attributed to macroeconomic fluctuations, industry adjustments, and insufficient market demand. This is considered a normal fluctuation in business development, with core competitiveness and fundamentals remaining unchanged [2][3] - The company has set a target for its 4th employee stock ownership plan, requiring a growth rate of no less than 25% in net profit after deducting non-recurring gains and losses for 2025, based on the average of the past three years [2][3] - The company is optimistic about its sales outlook for 2026, although it acknowledges the complexity and uncertainty of the macroeconomic environment. The initial sales plan is seen as a guiding direction for internal strategy [3][4] Group 2: Customer and Market Strategy - The company employs a diversified customer strategy, with no single customer accounting for more than 10% of total revenue, which mitigates risks associated with reliance on specific clients [3][4] - The company is currently collaborating with Nike, with a low internal share but significant potential for growth. Strategies to enhance this share include improving communication with Nike's headquarters and increasing investment in innovative materials [4][5] - The automotive interior segment is a key focus for growth, with plans to deepen existing customer relationships and expand into new client projects, particularly in the context of rising demand for electric vehicles [5][6] Group 3: Product Development and Innovation - The company has made progress in semiconductor materials, achieving limited production, although this segment currently represents a small portion of overall revenue. Efforts are underway to expand market reach [6][7] - The company is exploring the development of materials for robotics and has initiated discussions with leading industry players, although substantial orders have yet to materialize [6][7] Group 4: Dividend Policy - The company emphasizes a stable and reasonable return on investment for shareholders, with cash dividends over the past three years accounting for 96.05% of the average annual net profit attributable to ordinary shareholders. Future dividend policies will align with business performance and development stages [7]