On June 16, 2026, from 15:00 to 16:00, Changzhou Ingenuity Smart Home held an online performance briefing for 2025 and the first quarter of 2026, with many online investors participating.
The reception staff of the listed company participating in this performance briefing include Chairman Li Xiaoqin, Vice Chairman and General Manager Xu Meijun, Secretary of the Board of Directors Zhang Congying, Chief Financial Officer Wang Junbao, and Independent Director Li Yunda.
At the performance briefing meeting, investors focused on the company’s multiple core issues.
The company has continued to maintain growth of more than 30% in recent years, with annual sales approaching US$500 million, and is actively exploring the “second growth curve” and “third growth curve.”
Its core business model has long adopted the model of retail customers placing orders directly and shipping the entire container to North American distribution centers. However, affected by changes in U.S. tariff policies, inflation and other factors, the company realized that it was difficult to cover all market demand by relying solely on the full container model. It is currently actively exploring business opportunities to serve non-full container customers, especially customer groups with smaller procurement scales and unwilling to bear the risk of full container purchases.
If relevant business systems can be established and improved, market coverage and share will be further expanded, providing new impetus for continued growth.
In terms of new product promotion, the company has launched Immersive Audio in recent years
Upholstery (immersive audio soft furniture) series products cover multiple categories such as sofas, sections, and single chairs, and are widely recognized by the market.
However, the company emphasizes that development does not rely on a single product, but relies on continuous innovation capabilities and continuous investment in design, intelligence, motor electronic control, supply chain management, etc. to cope with market competition and product imitation.
The company stated that it will continue to increase investment in research and development and explore new technology applications and product forms.
In terms of its own brands, the company has established high industry visibility and market influence through continuous investment. Brand building is a long-term project. The current brand strategy has entered a new stage of development, with more systematic planning, longer-term goals, and more mature implementation paths.
The company stated that it will report to investors after achieving phased results and is firmly optimistic about the significance of brand building for long-term development.
Investors also paid attention to the progress of the company’s acquisition of Canadian furniture maker Palliser.
The company responded that this year is the first year to officially try overseas mergers and acquisitions integration. It needs to accumulate experience in aspects such as laws and regulations, cultural differences, team integration and operation management. It is impossible to quantify the performance contribution at this stage, but the strategic goal is to enhance profitability, market share, brand influence and global operation capabilities through mergers and acquisitions.
The company emphasizes that it will adhere to strict standards when selecting targets, will not blindly merge and acquire for scale expansion, and will promote cross-border mergers and acquisitions with a prudent and pragmatic attitude.
In response to exchange rate changes and their impact on profits, the company stated that foreign exchange rate management is an important issue.
Exchange rate fluctuations are a “double-edged sword.” Changes in exchange rate trends this year may bring certain pressure, and their impact is uncertain.
The company adheres to the principle of sound operation and does not take exchange rate fluctuations as its profit target. Instead, it focuses on reducing operating risks and ensuring the stability of its main business.
Regarding the decline in net profit in the first quarter and the improvement expectations in the second quarter, the company stated that it understands investors’ concerns about short-term performance growth, but adheres to long-termism and pays more attention to operating quality, profitability and sustainable development capabilities.
The management emphasized that it is full of confidence in the company’s future. The shareholdings of board members and core managers are stable, the core management team has high stability, and the strategic planning and operating rhythm are advancing according to the established goals.
In terms of overseas production capacity construction, the company is currently focusing on promoting production capacity construction in Cambodia, aiming to alleviate original production capacity bottlenecks, enhance supply chain resilience, and improve market response capabilities.
Regarding the proposal to build a factory in the United States, the company stated that it continues to study and evaluate, but at this stage, establishing a factory that combines cost competitiveness, production efficiency, and high-quality manufacturing capabilities faces greater challenges and operational risks.
The company will optimize its global supply chain and production capacity allocation based on business needs.
The company emphasizes that this event does not involve major information that has not been publicly disclosed, and relevant progress will be reported in a timely manner in accordance with laws, regulations and information disclosure requirements.
