CCD(SZ:002811)2024-11-15 10:37Group 1: Business Operations - The company primarily acquires design orders through its brand advantage and active market expansion, utilizing methods such as bidding and invitation to bid [1] - As of the first three quarters of 2024, the new signed orders for design business amounted to CNY 867 million, along with soft decoration orders of CNY 313 million, representing a 26.07% increase compared to the same period last year [2] - The company has over 1,000 designers distributed across major cities including Shenzhen, Hong Kong, Shanghai, Beijing, Xi'an, and Singapore [2] Group 2: Project Highlights - Notable hotel projects opened in 2024 include the Beijing Qianmen Mandarin Oriental Hotel, Shenzhen Xiaomeisha MGM Hotel, Macau New Central Hotel, Shanghai Seagull Regent Hotel, and Chongqing Conrad Hotel [2] - The company has expanded its business presence in economically developed regions such as South China, East China, and North China, while also increasing its footprint in the central and western regions, with representative projects like Jiuzhaigou Indigo Hotel and Xi'an High-tech Sheraton Hotel [2] Group 3: Financial Management - The company has made sufficient impairment provisions for assets, totaling CNY 408 million from 2020 to the first three quarters of 2024, with a credit impairment loss of CNY 43.19 million in 2024 [3] - The company plans to repurchase shares using its own funds, with a total repurchase amount not less than CNY 50 million and not exceeding CNY 100 million, having already repurchased 8,049,798 shares, accounting for 2.9589% of the total share capital [3]