GRANDLAND GROUP(SZ:002482)2022-12-04 10:24Financial Performance - The company expects a net profit of RMB 480 million to RMB 600 million for 2017, representing a year-on-year growth of 20% to 50% [2] - In Q4 2017, the decoration business orders amounted to RMB 5.488 billion, a year-on-year increase of 53.42% [3] - The total decoration business orders for 2017 reached RMB 14.35 billion, excluding construction and engineering finance [3] Business Development - The company maintains an optimistic outlook for new order amounts in 2018, benefiting from consumption upgrades and urbanization [3] - The acquisition of Permasteelisa S.P.A. for approximately RMB 3.66 billion will enhance the company's facade construction technology and management experience [4] - The company has initiated its internet home decoration business, "GuojiaJia," since May 2017, and is expanding operations in cities like Taiyuan, Nanjing, and Chengdu [4] Strategic Partnerships - A joint venture with Tencent in Wuhan has been established to develop internet home decoration services, with positive operational results [4] - The smart home business is progressing well, with plans to launch family and community services in 2018 [4]