Looking at the current state of industry development, China has become a major global hardware manufacturer. As a widely used and large-market category within metal products, hardware plays a significant role in driving the development of the overall metal products industry. According to authoritative data from the National Data Bureau, from 2012 to 2025, the compound annual growth rate (CAGR) of annual revenue of metal product enterprises above the designated size in China reached 3.78%, with revenue exceeding 4.65 trillion yuan in 2025 alone. Meanwhile, China's total import and export value of metal products grew from 629.140 billion yuan in 2014 to 1,239.544 billion yuan in 2025, representing a CAGR of 6.36%. The sustained release of overseas demand has opened up vast incremental space for domestic hardware enterprises.

The continued release of policy dividends has further injected strong momentum into the development of the hardware industry. In recent years, 13 departments including the Ministry of Commerce have issued documents encouraging the renovation of old residential communities and the upgrading of old homes. The Politburo of the CPC Central Committee has explicitly called for boosting large consumer goods such as home furnishings, and the State Council has deployed an action plan for replacing old consumer goods with new ones, focusing on supporting the renewal of durable consumer goods like home furnishings. The implementation of these policies has directly driven increased demand in the downstream home furnishing industry. As core supporting products for the home furnishing industry, hardware products are bound to usher in a new round of development opportunities, providing a favorable environment for leading enterprises such as Tute Shares.

With over a decade of deep cultivation in the precision hardware industry, Tute Shares has built core competitiveness that resonates with the industry's development, establishing itself as a benchmark enterprise. As a high-tech enterprise, the company focuses on the R&D, production, and sales of precision hardware products including hinges, slides, moving door systems, and storage systems. It holds 205 domestic patents and one overseas PCT patent. The company's core technology for hinge production has been certified as reaching internationally advanced levels, and its multi-segment hinge intelligent assembly technology is at a leading position internationally. Recognized for its high-performance quick-assembly cushion hinges, Tute Shares has been honored as a provincial-level manufacturing单项冠军 enterprise in Guangdong Province.

In addition to its technological advantages, Tute Shares' manufacturing and quality control capabilities are equally outstanding. The company has built a vertically integrated, autonomous manufacturing system from raw materials to final products. It has independently developed automated production equipment widely used in core processes such as stamping and assembly, effectively improving production efficiency and product stability. Furthermore, the company's testing center has obtained CNAS national laboratory accreditation, enabling full-process quality inspection from raw materials to finished products, earning high recognition from both domestic and international customers.

In terms of channel layout, Tute Shares has formed a three-dimensional marketing network covering both domestic and international markets. In the domestic market, the company has successfully entered the supply chains of leading home furnishing companies such as Suofeiya, Oppein Home, and KUKA Home, receiving multiple supplier honors. In overseas markets, it has established long-term and stable cooperation with internationally renowned enterprises such as Woodmark (USA) and HAFELE (Germany). At the same time, relying on over 100 distributors, Tute Shares achieves coverage of major cities across China and select overseas cities, providing solid support for sustained performance growth. From 2023 to 2025, the company's operating revenue grew steadily, reaching 826 million yuan, 909 million yuan, and 934 million yuan respectively, with revenue from its main business consistently accounting for over 96%, demonstrating strong market resilience.

Facing industry development opportunities, Tute Shares is actively planning for the future. It intends to use IPO proceeds to invest in projects such as the construction of an intelligent manufacturing base and the intelligent upgrading of production lines, to further break through production capacity bottlenecks, optimize production layout, enhance digital and intelligent levels, and consolidate its core competitiveness. As industry standardization continues to improve, enterprises with stronger comprehensive capabilities will continue to capture market share. Leveraging its multiple advantages in technology, quality, and channels, Tute Shares is well-positioned to utilize capital market support to further expand domestic and international markets, achieving dual enhancements in scale and profitability.

Amid surging industry tides, high-quality enterprises are breaking through. Against the backdrop of sustained prosperity in the hardware industry and continued favorable policies, Tute Shares, which is about to face IPO review at the Beijing Stock Exchange, is seizing development opportunities with its deep industry accumulation and clear development strategy. The company is expected to continue leading in the precision home hardware field and achieve higher-quality development in the future.