Merk Home: It is expected that the net profit for 2025 will be between -1.2 billion to -1.8 billion yuan.

Maike Home Furnishing announced that it is expected to achieve a net loss attributable to the owners of the parent company of -12 billion to -18 billion yuan in 2025, indicating a loss. It is expected to achieve a net profit after deducting non-recurring gains and losses attributable to the owners of the parent company of -14.5 billion to -20.5 billion yuan in 2025. In 2025, the company's operating performance is facing significant pressure due to the impact of the macroeconomic environment and industry cyclicality. Specifically, the continuous adjustment of the real estate industry and weak domestic consumption demand have led to a downturn in the furniture industry, with a significant year-on-year decrease in the company's domestic retail business sales revenue. At the same time, adjustments to equivalent tariffs due to changes in the international trade environment have further pushed up supply chain costs.