Nanjing OLO Home Furnishing (603326.SH) released its half-year report for 2024, with a revenue of 657 million yuan, a decrease of 10.72% compared to the previous year; net income attributable to the shareholders of the listed company was 45.4336 million yuan, a decrease of 24.10% compared to the previous year; net income attributable to shareholders of the listed company after deducting non-recurring gains and losses was 25.1512 million yuan, a decrease of 43.35% compared to the previous year; basic earnings per share was 0.1375 yuan/share.

Against the backdrop of a slowdown in market growth and intensifying competition, the company adheres to a focus on differentiated positioning of mid-to-high-end brands, closely follows the three strategic focuses of product leadership, brand upgrade, and channel expansion. Guided by market demand, we have launched the whole-house custom brand "Extreme Living", continuously building core capabilities in whole-house customization, continuously exploring and realizing the growth potential of blank cities, expanding product categories, expanding store efficiency, while continuing to take effective measures to reduce costs and increase efficiency.