Arrow Home Group (001322.SZ) predicts a pre-tax reduction, with a net profit of 50 to 70 million yuan for the year 2024, a decrease of 83.52% to 88.23%.

Arrow Home Group (001322.SZ) released its performance forecast for 2024, expecting a net profit attributable to shareholders of the listed company of 50-70 million yuan, a year-on-year decrease of 83.52% to 88.23%. Affected by the intensified competition in the sanitary ware industry, the company's operating income for 2024 is approximately 7.149 billion yuan, a year-on-year decrease of about 6.52%. Thanks to the implementation of the consumer goods old-for-new policy, the revenue decline in the fourth quarter has slightly narrowed compared to the previous quarter. At the same time, due to product price effects, the gross margin for 2024 is about 26.28%, a year-on-year decrease of about 2.06%. With expenses also increasing, this has led to a year-on-year decline in net profit. In 2025, the company will continue to enhance its product planning capabilities, optimize its product sales structure, accelerate the launch of new products and store upgrades, expedite channel sinking and overseas exports, continuously improve its omni-channel layout, and increase its focus on and utilization of the consumer goods old-for-new policy to seize the growth opportunities brought by the policy. Furthermore, the company will speed up internal management reforms and cost reduction efforts to enhance its profitability.