Conservative Balance SheetExtremely low leverage and a high equity ratio materially reduce financial risk over the medium term, giving the company flexibility to fund capex, weather demand shocks, and sustain dividends without relying on costly debt. This underpins durable financial resilience across cycles.
Improved Cash GenerationA marked rebound in operating cash flow and free cash flow strengthens the company’s ability to self-fund operations, invest in new products, and sustain shareholder returns. Higher FCF conversion versus net income in 2025 indicates earnings are backed by real cash flow, supporting durability.
Governance & Leadership StrengtheningOrganizational and executive changes that add experienced internal and overseas leaders and clarify supervision can boost execution on international expansion and professional-use channels. Stronger governance and clearer accountability support sustainable strategic execution over months.