值得注意的是，面对复杂严峻的外贸形势，包括永艺股份在内的头部家居厂商纷纷于2018年前后去往东南亚投资建厂，走出海外产能布局的第一步。①The home furnishing industry once set off a trend of setting up factories overseas, with investors expressing concerns about foreign trade risks; ②The home furnishing market in the USA is warming up, and the company is optimistic about the fourth-quarter performance.
On November 6th, Caixin reported (Reporter: Luo Yichen) Investors are worried that increasing trade protectionism will affect performance. At the third-quarter performance briefing for the year 2024 held this afternoon, home export enterprise ue furniture (603600.SH) was frequently asked how to deal with related potential risks.
In response, Chairman Zhang Jiayong stated that currently, most of the company's USA business is being produced and shipped from Vietnam. With the ongoing construction of the third phase of the Vietnamese production base, it is expected to capture more market share. In addition, the Romanian base achieved production and shipments in the first half of 2023, with expected continuous performance contributions in the coming years. In the current context of new orders from European and American customers, the company's overseas bases can effectively meet global procurement needs and effectively avoid international trade friction risks.
It is worth noting that in the face of a complex and severe foreign trade situation, including ue furniture and other leading home furnishing manufacturers, many around 2018 went to Southeast Asia to invest in factory construction, taking the first step in overseas production capacity layout.
Performance data shows that in 2017, the company's annual net income attributable to shareholders was 0.1 billion yuan, a 16.66% year-on-year decrease. By 2018, the issue of increased revenue without increased profits remained prominent. Based on a 30.99% year-on-year revenue increase, the net income attributable to shareholders only increased by 3.71% year-on-year.
In the first three quarters of this year, ue furniture's performance has shown some improvement and a trend of quarterly growth. Regarding the ongoing fourth quarter, the company's management has expressed optimism. According to Zhang Jiayong, the company's current orders are stable, and looking ahead, end-market demand is stable and showing a marginal improvement trend in the main market, the USA, with expectations of further demand boost from interest rate cuts. In addition, based on the quarterly reports of some listed US furniture companies, their order volume is also increasing, showing improvement in expectations for the fourth quarter.
