Suofeiya Home Collection (002572.SZ) forecasts a year-on-year increase in net profit for the year 2024 to be between 13.24 billion and 14.5 billion yuan, representing a growth of 5% to 15%.

Suofeiya Home Collection (002572.SZ) released its performance forecast for the year 2024, expecting a net profit attributable to shareholders of 1.324 billion to 1.45 billion yuan, a year-on-year growth of 5%-15%. In 2024, the growth of custom furniture companies has slowed down due to the real estate cycle and intensified market competition. The company's operating environment faces short-term challenges, with a decrease in operating income compared to the same period last year in 2024. However, with the implementation of the government's policy to support the consumption of new products through trade-ins, the demand for home furnishings is expected to recover. During the reporting period, the company continued to implement cost-cutting measures to improve efficiency, focusing on increasing productivity and controlling expenses, while further optimizing the debt structure, resulting in a significant decrease in financial expenses and profit indicators outperforming income indicators. In the reporting period, the company's wholly-owned subsidiary sold equity in a joint venture company and accepted the non-recurring gains and losses generated by the transaction price, with the estimated impact of non-recurring gains and losses on net profit for the year 2024 ranging from 229.3551 million yuan to 280.3229 million yuan, an increase from the same period last year, leading to an increase in net profit attributable to shareholders of the listed company compared to the same period last year.