On November 22, Gelonghui announced that ulferts (01711.HK) had a mid-term performance for 2024/2025, where total revenue for the group decreased to 79.4 million Hong Kong dollars (2023: 89.6 million Hong Kong dollars) against a backdrop of a challenging market environment and sluggish consumer sentiment. Due to the decline in total revenue, the group recorded a net loss of 11.1 million Hong Kong dollars during this period (2023: 9.2 million Hong Kong dollars). The basic loss per share was 1.39 Hong Kong cents (2023: 1.14 Hong Kong cents).

The group has been established for over 45 years and takes pride in providing high-quality fashionable furniture in the united kingdom. As of September 30, 2024, the group operates a total of 24 sales points in Hong Kong under the trademark names focusing on furniture products: "ulferts furniture prestige store", "ulferts furniture", and "athome", as well as focusing on mattresses and bedding products "ulferts treasure" and "Sleemon".

"ulferts furniture" and "ulferts furniture prestige store" are committed to enhancing the home life quality of customers through style and quality, offering a variety of modern style furniture products aimed at the mid-to-high-end customer base. "athome" provides high-quality lightweight furniture and household items to cater to modern families' small living spaces.

"ulferts treasure" targets the mass market, offering mattresses, pillows, sofa beds, sofas, and other related products, with its products distributed through "ulferts treasure" specialty stores, department store counters, and wholesale channels.

The group is the exclusive agent for "Sleemon" and "Vono Wealth" in Hong Kong and Macau. "Sleemon" is a well-known mattress brand in the united kingdom, providing high-quality mattresses for homes and hotels, targeting the high-end market, while another United Kingdom mattress brand, "Vono Wealth", targets the mass market. In addition to mattresses, both brands also provide pillows and bedding products, distributed through "Sleemon" specialty stores, department store counters, and other sales points operated by the group as well as wholesale channels.

Moreover, the group has established online shopping platforms for "ulferts furniture", "athome", "ulferts treasure", and "Sleemon" to expand market coverage and revenue.