UE Furniture (603600) 2024 annual report and 2025 first quarter report commentary: outstanding performance, the advantages of overseas bases are evident.

Report guide: The expansion of categories and customers has achieved impressive results, and the diversified overseas base layout lays the foundation for medium to long-term share increase. Investment highlights: Adjust profit expectations, maintain "Shareholding" rating. Considering the uncertainty of the external demand environment, we are lowering our forecast.

Guotai HAITONG SECMay 9 16:17

UE Furniture (603600): Impressive growth, Global capacity layout mitigates tariff impacts.

The company released the 2024 annual report and the 2025 Q1 report. In Q1, the company achieved revenue of 1.01 billion yuan, +17.9% year-on-year; net income attributable to the parent company was 0.06 billion yuan, +34.8% year-on-year; adjusted net income attributable to the parent company was 0.5.

TianfengApr 27 18:47

UE Furniture (603600): New customers and new channels accelerate growth, with continuous performance increase in Q1 2025.

The company released its annual report for 2024 and the first quarter report for 2025. In 2024, it achieved revenue of 4.749 billion yuan, an increase of 34.22% year-on-year; it achieved a net income of 0.296 billion yuan, a decrease of 0.5% year-on-year.

HuaanApr 27 07:52

UE Furniture (603600): Diverse incremental growth driving development, and overseas capacity A is expected to gradually emerge.

Investment highlights: The company announced its Q1 2024&2025 performance: In 2024, the company achieved revenue of 4.75 billion (up 34.2% year-on-year), and a net profit attributable to the parent company of 0.296 billion (down 0.6% year-on-year), excluding non-recurring items.

ZheshangApr 26 00:00

UE Furniture (603600): Focusing on specialization, continuously increasing market share, and highlighting advantages in Global layout.

Event: The company released the 2024 annual report and the first quarter report for 2025. In 2024, the revenue was 4.749 billion yuan (up 34.2% year-on-year), the net income attributable to shareholders was 0.296 billion yuan (down 0.6% year-on-year), and the net income attributable to shareholders after deducting non-recurring gains and losses was 2.

Cinda SecuritiesApr 25 16:27

UE Furniture (603600): Both domestic and international sales drive Q1 revenue growth momentum continues.

The company released the annual report for 2024 and the quarterly report for Q1 2025: In 2024, the total revenue reached 4.749 billion yuan, a year-on-year increase of 34.2%, with a net profit attributable to the parent company of 0.296 billion yuan, a year-on-year decrease of 0.6%, which is lower than the previous expectation (0.332 billion).

HTSCApr 25 13:52