According to the announcement of Meike Home Furnishing, due to the international trade environment and a combination of internal and external factors, the company's operating losses, and the utilization rate of processing capacity in Tianjin Meike and Tianjin was less than 20%. The company decided to stop work and production of the two subsidiaries on January 1, 2026, which will protect employees' rights and interests and conduct asset evaluations. Tianjin Meike's revenue for 2024 and January to September 2025 was 602 million yuan and 281 million yuan respectively, with net profit of 0.3 billion yuan and -56 million yuan respectively; Tianjin Processing's revenue for the same period was 145 million yuan and 76 million yuan, with net profit of -23 million yuan and -12 million yuan respectively.

According to the announcement of Meike Home Furnishing, due to the international trade environment and a combination of internal and external factors, the company's operating losses, and the utilization rate of processing capacity in Tianjin Meike and Tianjin was less than 20%. The company decided to stop work and production of the two subsidiaries on January 1, 2026, which will protect employees' rights and interests and conduct asset evaluations. Tianjin Meike's revenue for 2024 and January to September 2025 was 602 million yuan and 281 million yuan respectively, with net profit of 0.3 billion yuan and -56 million yuan respectively; Tianjin Processing's revenue for the same period was 145 million yuan and 76 million yuan, with net profit of -23 million yuan and -12 million yuan respectively.