Core Points - The company, Meike Home (600337), announced the appointment of Mr. Di Jianguang as the secretary of the board of directors [1] Group 1 - The company has made a significant leadership change by appointing a new board secretary [1]

Core Viewpoint - Meike Home has shown resilience in its operations despite industry demand adjustments, with a significant improvement in cash flow and recognition through international design awards, indicating strong brand competitiveness [1][2][3] Financial Performance - In the first three quarters of 2025, Meike Home achieved revenue of 2.223 billion yuan, with a net loss attributable to shareholders of 220 million yuan, a significant reduction compared to the previous year, resulting in a basic earnings per share of -0.15 yuan [1] - For Q3 2025, the company reported revenue of 722 million yuan and a net loss of 132 million yuan, indicating a decrease in losses compared to the same period last year, suggesting easing operational pressures [1] - Total operating costs for the first three quarters were 2.666 billion yuan, down 13.23% year-on-year, with sales expenses decreasing by 28.96% to 695 million yuan and management expenses down 12.07% to 286 million yuan, highlighting effective cost control [1] Cash Flow and Asset Structure - The net cash flow from operating activities reached 67.75 million yuan, a substantial increase of 94.75% year-on-year, reflecting improved cash recovery capabilities [2] - As of the end of September, total assets stood at 6.925 billion yuan, with shareholders' equity at 2.513 billion yuan, showing a slight adjustment from the previous year but with a decrease in inventory and improved accounts receivable turnover, indicating a more robust asset structure [2] Brand Recognition and Market Positioning - Meike Home's international brand influence continues to rise, having won four American International Pinnacle Awards at the 2025 High Point Furniture Market, marking the 12th consecutive year of recognition since 2015 [2] - The four brands showcased—Caracole, A.R.T., Jonathan Charles, and ROWE—each focus on distinct core advantages, with A.R.T. maintaining its existing visual identity in the Chinese market while optimizing products and services [2] - Participation in global top-tier furniture exhibitions enhances the company's global layout and resource accumulation for future market expansion [2] Industry Outlook - Analysts suggest that Meike Home's ability to narrow losses and improve cash flow during an industry adjustment period reflects the resilience of its core business, supported by a long-term strategy of integrating design and art [3] - As consumer demand in the home furnishings sector gradually recovers, the company is expected to leverage product upgrades and global expansion to further restore performance [3]

Group 1 - The core viewpoint of the article is that Meike Home (600337.SH) reported a decline in revenue and a net loss for the third quarter of 2025 [1] Group 2 - For the first three quarters of 2025, the company achieved total operating revenue of 2.223 billion yuan, a year-on-year decrease of 10.1% [1] - The net profit attributable to shareholders of the parent company was -220 million yuan, which represents an improvement in losses by 220 million yuan compared to the same period last year [1] - The basic earnings per share were -0.15 yuan [1]

Group 1 - The company announced the resignation of Ms. Huang Xin as the Secretary of the Board for personal reasons, while she will continue to serve as a non-independent director [1] - Mr. Di Jiangguang has been appointed as the new Secretary of the Board, with a term aligned with the eighth Board of Directors [1] - For the first half of 2025, the company's revenue composition shows that the furniture industry accounts for 99.02%, while other businesses contribute 0.98% [1] Group 2 - The company's market capitalization is currently valued at 3 billion yuan [2]

Financial Performance - The company's operating revenue for Q3 2025 was ¥722,411,652.95, representing a decrease of 13.97% compared to the same period last year[6] - The total profit for the period was a loss of ¥124,175,414.04, with a year-to-date total profit loss of ¥216,607,050.64[6] - The net profit attributable to shareholders was a loss of ¥132,008,659.71 for the quarter, and a loss of ¥219,990,138.23 year-to-date[6] - Total operating revenue for the first three quarters of 2025 was CNY 2,222,789,085.84, a decrease of 10.1% compared to CNY 2,472,477,565.04 in the same period of 2024[28] - Net profit for the first three quarters of 2025 was a loss of CNY 212,533,065.79, compared to a loss of CNY 437,802,251.26 in the same period of 2024, representing an improvement of 51.4%[30] - The total comprehensive income for the first three quarters of 2025 was a loss of CNY 226,519,509.70, compared to a loss of CNY 447,263,667.73 in 2024, showing an improvement of 49.3%[31] Cash Flow - The net cash flow from operating activities was ¥11,551,860.63, down 64.38% from the previous year[7] - The net cash flow from operating activities for the first three quarters of 2025 was CNY 67,749,880.00, an increase from CNY 34,788,800.54 in 2024[36] - Net cash flow from investing activities was $337.90 million, an increase from $156.66 million[37] - Cash inflow from financing activities totaled $2.15 billion, compared to $2.11 billion in the previous period[37] - Cash outflow for debt repayment was $2.45 billion, up from $2.25 billion[37] - Net cash flow from financing activities was -$653.58 million, worsening from -$528.09 million[37] - The net increase in cash and cash equivalents was -$249.23 million, compared to -$334.15 million previously[37] - The ending balance of cash and cash equivalents was $72.57 million, down from $349.92 million[37] Assets and Liabilities - The total assets at the end of the reporting period were ¥6,924,547,322.55, a decrease of 13.15% from the end of the previous year[7] - The total assets as of September 30, 2025, amounted to RMB 6,924,547,322.55, a decrease from RMB 7,972,830,076.66 as of December 31, 2024, reflecting a decline of approximately 13.14%[20] - Current assets totaled RMB 2,510,790,248.96, down from RMB 2,707,348,374.66, indicating a decrease of about 7.26%[21] - Total liabilities decreased to RMB 4,380,111,852.64 from RMB 5,201,875,119.74, a decline of about 15.77%[24] - The company's equity attributable to shareholders decreased to RMB 2,513,457,097.15 from RMB 2,746,318,141.35, a decline of about 8.49%[24] - The company reported a short-term loan of RMB 946,010,589.65, slightly down from RMB 995,212,683.73[22] - The company’s long-term borrowings were RMB 318,157,150.99, down from RMB 348,645,887.62, indicating a decrease of approximately 8.67%[23] - The company’s total liabilities to total assets ratio improved to approximately 63.23% from 65.24% in the previous period[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 37,294[15] - The largest shareholder, Meike Investment Group Co., Ltd., held 33.99% of the shares, totaling 488,449,350 shares[15] Earnings Per Share - The basic and diluted earnings per share for the quarter were both -¥0.09, with year-to-date figures at -¥0.15[7] - Basic and diluted earnings per share for the first three quarters of 2025 were both CNY -0.15, compared to CNY -0.30 in 2024, indicating a 50% improvement[31] Expenses - The company reported a decrease in sales expenses to CNY 694,819,862.24 in 2025 from CNY 978,039,103.35 in 2024, a reduction of 29.1%[29] - Research and development expenses decreased to CNY 66,115,455.37 in 2025 from CNY 72,996,362.16 in 2024, a decline of 9.4%[29] Investment Income - The company recorded investment income of CNY 291,532,309.46 in 2025, significantly up from CNY 91,871,440.55 in 2024, an increase of 217.5%[29] Accounting Standards - The company plans to implement new accounting standards starting in 2025[38]

证券代码：600337 证券简称：美克家居 编号：临 2025-059 美克国际家居用品股份有限公司 关于 2025 年第三季度主要经营数据的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 按照上海证券交易所《上海证券交易所上市公司自律监管指引第 3 号行业信 息披露：第四号—零售》以及《关于做好主板上市公司 2025 年第三季度报告披 露工作的重要提醒》等规定，美克国际家居用品股份有限公司（以下称公司）现 将 2025 年第三季度主要经营数据披露如下： 一、2025 年第三季度门店变动情况 以上经营数据未经审计。 特此公告。 （一）新增门店 无。 （二）关闭门店 | 地区 | 经营业态 | 数量 | 停业时间 | 建筑面积（㎡） | | --- | --- | --- | --- | --- | | 江苏 | 直营 | 5 | 2025-7、9 | 11,093.61 | | 天津 | 直营 | 1 | 2025-7 | 136.00 | | 贵州 | 直营 | 1 | 2025-7 | 2,077.80 | | 福建 ...

证券代码：600337 证券简称：美克家居 公告编号：2025-057 美克国际家居用品股份有限公司 关于董事会秘书离任暨聘任董事会秘书的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 美克国际家居用品股份有限公司（以下简称"公司"）董事会于近日收到公 司董事会秘书黄新女士的书面辞职报告。黄新女士因个人原因辞去公司董事会秘 书职务，辞职后黄新女士仍担任公司非独立董事。 | 姓名 | 离任职务 | 离任时间 | 原定任期 到期日 | 离任原 | 是否继续在上 市公司及其控 | 具体职务 （如适 | 是否存在 未履行完 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 因 | | | 毕的公开 | | | | | （注） | | 股子公司任职 | 用） | 承诺 | | 黄新 | 董事会秘书 | 2025.10.29 | 2024.4.15 | 个人原因 | 是 | 董事 | 否 | 截至本公告披露日，黄新女士持有公司 1,446,600 股股份，不存 ...

证券代码：600337 证券简称：美克家居 编号：临 2025-058 美克国际家居用品股份有限公司 第八届董事会第三十九次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 美克国际家居用品股份有限公司（以下称"公司"）第八届董事会第三十九 次会议于 2025 年 10 月 29 日以通讯方式召开，会议通知已于 2025 年 10 月 23 日以书面形式发出。公司董事共 9 人，参会董事 9 人，会议召集、召开符合《公 司法》和《公司章程》的规定。与会董事以通讯表决方式一致通过如下决议： 一、审议通过了关于聘任公司董事会秘书的议案 公司董事会于近日收到公司董事会秘书黄新女士的书面辞职报告。黄新女士 因个人原因辞去公司董事会秘书职务，辞职后黄新女士仍担任公司非独立董事。 经公司董事长提名、公司董事会提名委员会资格审查通过，同意聘任狄剑光 先生为公司董事会秘书，任期与第八届董事会一致。狄剑光先生具备担任董事会 秘书相关的专业知识、工作经验和管理能力，不存在《公司法》《上海证券交易 所股票上市规则》等法律法规、规范性文件 ...

Market Overview - The home goods sector increased by 0.09% compared to the previous trading day, with Longzhu Technology leading the gains [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Top Performers - Longzhu Technology (code: 920445) closed at 14.74, up 11.25% with a trading volume of 286,100 shares and a turnover of 428 million yuan [1] - Ruilite (code: 002790) closed at 9.04, up 9.98% with a trading volume of 146,600 shares and a turnover of 129 million yuan [1] - Taipeng Intelligent (code: 920132) closed at 22.01, up 6.23% with a trading volume of 20,000 shares and a turnover of 43.28 million yuan [1] Underperformers - Zhiou Technology (code: 301376) closed at 18.39, down 6.98% with a trading volume of 95,500 shares and a turnover of 177 million yuan [2] - Meizhi Gao (code: 920765) closed at 26.60, down 4.32% with a trading volume of 31,100 shares and a turnover of 82.09 million yuan [2] - ST Songfa (code: 603268) closed at 55.35, down 3.54% with a trading volume of 34,400 shares and a turnover of 193 million yuan [2] Capital Flow - The home goods sector experienced a net outflow of 322 million yuan from institutional investors, while retail investors saw a net inflow of 306 million yuan [2] - The top stocks by net inflow from retail investors included Ruilite and Tianzhen Co., with net inflows of 30 million yuan and 21.6 million yuan respectively [3] Detailed Capital Flow - Ruilite had a net inflow of 30 million yuan from institutional investors, but a net outflow of 20.17 million yuan from speculative funds [3] - Tianzhen Co. saw a net inflow of 21.68 million yuan from institutional investors, with a net outflow of 2.34 million yuan from retail investors [3] - The overall capital flow indicates a mixed sentiment among different investor types within the home goods sector [3]

证券代码：600337 证券简称：美克家居 公告编号：临 2025-056 美克国际家居用品股份有限公司 关于为全资子公司提供担保的进展公告 | | 被担保人名称 | 美克数创（赣州）家居智造有限公司（以 下称"美克数创"） | | --- | --- | --- | | | 本次担保金额 | 2,600 万元 | | 担保对象 | 实际提供的担保余额 | 美克国际家私（天津）制造有限公司（以 下称"天津美克"）对美克数创担保余额为 | | | | 5,600 万元。 | | | 是否在前期预计额度内 | 是 □否 □不适用：_________ | | | 本次担保是否有反担保 | □是 否 □不适用：_________ | 担保对象及基本情况 累计担保情况 | 对外担保逾期的累计金额（万元） | 0 | | --- | --- | | 截至本公告日上市公司及其控股子公 | 148,564.39 | | 司对外担保总额（万元） | | | 对外担保总额占上市公司最近一期经 | 54.10 | | 审计净资产的比例（%） | | | | 对外担保总额（含本次）超过上市公司最近一期经 | | --- | - ...