On March 23, ZOY Home released the 2020 performance report.

The report shows that in 2020, ZOY Home achieved operating income of 1.162 billion yuan, a year-on-year increase of 8.67%; net profit attributable to shareholders of listed companies was 42.438 million yuan, a year-on-year increase of 25.90%.

Regarding the main factors affecting business performance, ZOY Home summarizes the following aspects:

• Affected by the outbreak of domestic and foreign epidemics, the company's production, logistics and terminal markets were affected to a certain extent during the reporting period. However, with the effective control of the domestic epidemic, the company's production and operations have returned to normal and show a good development trend.

• Second, the company's products are mainly sold to overseas markets and are settled in U.S. dollars. Affected by the sharp appreciation of the RMB in the second half of 2020, the company's exchange losses increased year-on-year.

• The company continued to increase its investment in cross-border e-commerce business, which grew significantly during the reporting period. After the global spread of the COVID-19 epidemic, governments of various countries have successively introduced epidemic prevention and control measures, requiring reductions in going out and working at home, which to a certain extent stimulated the demand for household furniture consumption, accelerating the rapid development of commercial business.