Group 1 - Matrix Co., Ltd. announced the approval of a proposal to use up to RMB 1 billion of idle self-owned funds to purchase low-risk financial products, ensuring that daily operational funds remain secure and unaffected [1] - The investment period for the financial products is set from January 1, 2026, to December 31, 2026, with the funds being able to be rolled over within this timeframe [1] - The revenue composition for Matrix Co., Ltd. in 2024 is as follows: soft decoration accounts for 52.29%, space design for 46.51%, other business income for 1.0%, and other main business income for 0.2% [1] Group 2 - As of the report, Matrix Co., Ltd. has a market capitalization of RMB 4.6 billion [2]

Group 1 - The core point of the article is that Matrix Co., Ltd. (SZ 301365) held its 16th meeting of the second board session on December 5, 2025, to discuss the proposal for the second temporary shareholders' meeting of 2025 [1] - For the year 2024, the revenue composition of Matrix Co., Ltd. is as follows: soft decoration accounts for 52.29%, space design accounts for 46.51%, other business income accounts for 1.0%, and other main business income accounts for 0.2% [1] - As of the report date, the market capitalization of Matrix Co., Ltd. is 4.6 billion yuan [1]

Group 1 - The company Matrix Co., Ltd. announced that approximately 55.03 million restricted shares will be unlocked and listed for trading on November 24, 2025, accounting for 30.57% of the total share capital [1] - For the year 2024, the revenue composition of Matrix Co., Ltd. is as follows: soft decoration accounts for 52.29%, space design accounts for 46.51%, other business revenue accounts for 1.0%, and other main business revenue accounts for 0.2% [1] - As of the report date, the market capitalization of Matrix Co., Ltd. is 4.2 billion yuan [1]

Group 1 - The core viewpoint of the news is that Matrix Holdings has experienced fluctuations in its stock price, with a year-to-date increase of 31.85% but a recent decline of 6.07% over the past five trading days [1] - As of September 23, the stock price was reported at 19.36 CNY per share, with a market capitalization of 3.485 billion CNY [1] - The company has been listed on the "龙虎榜" (Dragon and Tiger List) twice this year, with the most recent net buy of -8.698 million CNY on March 17 [1] Group 2 - For the first half of 2025, Matrix Holdings achieved operating revenue of 300 million CNY, representing a year-on-year growth of 18.46% [2] - The net profit attributable to shareholders for the same period was 40.4969 million CNY, showing a significant increase of 73.72% year-on-year [2] - The company has distributed a total of 204 million CNY in dividends since its A-share listing [3] Group 3 - Matrix Holdings is primarily engaged in space design (52.71% of revenue) and soft decoration (46.37% of revenue), with other business income contributing 0.69% [1] - The company is classified under the construction decoration industry, specifically in engineering consulting services [1]

Investment Rating - The report gives a "Buy" rating for the company, marking its first coverage [3][5]. Core Viewpoints - The company is a leading player in the indoor creative design sector, focusing on interior decoration design, with a strong asset quality and cash flow performance [1][3]. - The company is expected to recover steadily in performance as the peak of real estate impairment has passed, with a projected net cash ratio of 407% by the end of 2024 [1][3]. - The integration of AI technologies is anticipated to enhance the company's business model and operational efficiency, potentially leading to significant growth in profitability [2][3]. Company Overview - The company, established in 2010, has evolved into a prominent brand in the interior design industry, recognized for its creative output and industry influence [15]. - Its main business segments include space design and soft decoration, primarily serving real estate developers, with a growing presence in public and commercial sectors [23][27]. Financial Analysis - The company experienced a revenue decline in 2022 and 2023 due to the downturn in the real estate sector, but is projected to stabilize in 2024 with revenues of 5.3 billion yuan [27][30]. - The net profit for 2024 is expected to be 340 million yuan, showing a significant reduction in the decline compared to previous years [27][30]. - The company maintains a strong cash position, with over 1.08 billion yuan in cash assets, representing 78% of its current assets, and a low interest-bearing debt ratio of 1.8% [38][39]. Industry Analysis - The indoor design industry is considered a post-cycle sector of real estate, with a projected market size of approximately 96.9 billion yuan in 2024, influenced by new construction data [48]. - The demand for interior design services is closely tied to the new housing market, which has seen a decline in new construction over the past five years [1][48].