According to the latest data from the Ministry of Commerce, the National Building Materials Home Furnishings Index was 114.31 in November, up 4.17% year-on-year; in November, sales of home building materials above designated size increased by 19% year-on-year. Since the beginning of this year, benefiting from the concentrated release of real estate demand, the sales in the home market have continued to improve, and the prosperity has maintained a high level in recent years. Enterprises with brand and channel advantages have benefited more. The leading performance of home leading companies is stable and the valuation is low, which is expected to become the next hot spot for recent fund chasing. In the A-share market, Meike has nearly 100 stores nationwide. We have previously suggested that after the price increase in Shanghai, sales growth is still strong; the annual results are expected to exceed expectations. Sophia's main custom wardrobe, gross margin of over 35%, recently joined the French kitchen furniture leading enterprises, into the cabinet sector.
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