Core Viewpoint - The report highlights the financial performance and operational strategies of Markor International Home Furnishings Co., Ltd. for the first half of 2025, indicating a decline in revenue and net profit while emphasizing the company's efforts to adapt to market challenges and enhance operational efficiency [1][9]. Financial Performance - The company reported a revenue of approximately 1.5 billion yuan for the first half of 2025, representing an 8.11% decrease compared to the same period in the previous year [2][3]. - The total profit for the period was a loss of approximately 92.43 million yuan, an improvement from a loss of 322.94 million yuan in the previous year [2][3]. - The net profit attributable to shareholders was a loss of about 87.98 million yuan, compared to a loss of 275.69 million yuan in the same period last year [2][3]. - The net cash flow from operating activities was approximately 56.20 million yuan, a significant increase from 2.36 million yuan in the previous year [2][3]. - The company's total assets decreased by 8.96% to approximately 7.26 billion yuan compared to the end of the previous year [2][3]. Industry Overview - The domestic home furnishing market is experiencing a moderate recovery, with retail sales of furniture reaching 78.2 billion yuan, a year-on-year increase of 3.8% [3][9]. - The report notes that the home furnishing industry is facing challenges due to ongoing adjustments in the real estate market, weak consumer confidence, and international market uncertainties [3][9]. - The company is positioned as a comprehensive home furnishing provider, focusing on multi-brand and multi-channel strategies to meet diverse consumer needs [5][9]. Business Strategy - The company is implementing a market-oriented operational framework to enhance efficiency, including closing underperforming stores and optimizing retail space [9][10]. - Markor is focusing on high-end real estate partnerships and expanding its presence in core urban markets to drive sales growth [10][11]. - The company is leveraging AI technology to enhance customer experience and streamline design processes, with tools like "AI Smart Home" and "AI Xiaomei" [12][17]. Brand Value and Recognition - Markor's brands, including Meike Home and A.R.T., have been recognized in the "China's 500 Most Valuable Brands" list, with Meike Home valued at approximately 36.19 billion yuan, marking a significant increase from the previous year [19].

Core Insights - Markor International Home Furnishings Co., Ltd. reported a significant decline in total assets and net profit for the first half of 2025 compared to the previous year, indicating financial challenges [1][2]. Financial Performance - Total assets decreased to CNY 7,258.45 million, down 8.96% from CNY 7,972.83 million at the end of the previous year [1]. - Net assets attributable to shareholders fell to CNY 2,651.15 million, a decrease of 3.47% from CNY 2,746.32 million [1]. - Operating revenue for the period was CNY 1,500.38 million, representing an 8.11% decline from CNY 1,632.78 million in the same period last year [1]. - The total profit for the period was reported as a loss of CNY 92.43 million, an improvement from a loss of CNY 322.94 million in the previous year [1]. - Net profit attributable to shareholders was a loss of CNY 87.98 million, compared to a loss of CNY 275.69 million in the same period last year [1]. - The net cash flow from operating activities was CNY 56.20 million, a significant increase from CNY 2.36 million in the previous year [1]. Shareholder Information - The total number of shareholders as of the report date was 28,928 [1]. - The largest shareholder, Markor Investment Group Co., Ltd., holds 33.99% of the shares, totaling 488,449,350 shares [2].

Core Points - The company held its 38th meeting of the 8th Board of Directors on August 28, 2025, via telecommunication, with all 9 directors present and voting unanimously on key resolutions [1] - The company approved its 2025 semi-annual report and summary, which had previously been reviewed by the Audit Committee [1] - The company agreed to extend the mortgage guarantee for debt restructuring with Jiangsu Asset Management for an additional year, ensuring continued operational support [1] Summary by Sections - **Board Meeting Details** - The meeting was convened in accordance with the Company Law and Articles of Association, with all directors participating and voting [1] - **Approval of Semi-Annual Report** - The semi-annual report was approved with a unanimous vote of 9 in favor, with no opposition or abstentions [1] - **Debt Restructuring Guarantee** - The company decided to extend the mortgage guarantee related to a debt restructuring agreement initiated in September 2024, which is set to expire on September 9, 2025, for an additional year [1]

Group 1 - The company reported no new store openings in the second quarter of 2025, but closed four stores across different regions [1] - The closed stores include two in Liaoning, one in Jiangsu, and one in Tianjin, with a total area of 4,960 square meters [1] - There are no plans to open any new stores in the second quarter of 2025 [1] Group 2 - For the first half of 2025, the company's domestic direct sales revenue was approximately 624.89 million yuan, with a gross margin of 45.28%, reflecting a decrease of 15.22% year-on-year [2] - The franchise business generated about 53.90 million yuan in revenue, with a gross margin of 25.94%, showing a year-on-year decrease of 37.59% [2] - The company's international wholesale business reported revenue of approximately 806.93 million yuan, with a gross margin of 25.34%, indicating a year-on-year increase of 1.85% [2]

公司代码：600337 公司简称：美克家居 美克国际家居用品股份有限公司 2025 年半年度报告 1 / 221 美克国际家居用品股份有限公司2025 年半年度报告 美克国际家居用品股份有限公司2025 年半年度报告 重要提示 无 六、前瞻性陈述的风险声明 √适用 □不适用 本报告所涉及公司未来计划、发展战略等前瞻性陈述不构成公司对投资者的实质承诺，请投 资者注意投资风险，充分理解计划、预测与承诺之间的差异 七、是否存在被控股股东及其他关联方非经营性占用资金情况 八、是否存在违反规定决策程序对外提供担保的情况 否 九、是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、重大风险提示 详见"第三节管理层讨论与分析、五、其他披露事项、（一）可能面对的风险" 2 / 221 一、本公司董事会及董事、高级管理人员保证半年度报告内容的真实性、准确性、完整性，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、公司全体董事出席董事会会议。 三、本半年度报告未经审计。 四、公司负责人冯陆（Mark Feng）、主管会计工作负责人张莉及会计机构负责人（会计主管人 员）黄丽君 ...

证券代码：600337 证券简称：美克家居 编号：临 2025-046 美克国际家居用品股份有限公司 关于 2025 年第二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 年半年度报告披露 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 年第二季度主要经营数据披露如下： 一、2025 年第二季度门店变动情况 （一）新增门店 二○二五年八月三十日 无。 （二）关闭门店 | 地区 | 经营业态 | 数量 | 停业时间 | 建筑面积（㎡） | | --- | --- | --- | --- | --- | | 辽宁 | 自营 | 2 | 2025-4 | 1281 | | 江苏 | 自营 | 1 | 2025-6 | 485 | | 天津 | 自营 | 1 | 2025-6 | 3194 | 二、2025 年第二季度拟增加未开业门店情况： 无。 ...

证券代码：600337 证券简称：美克家居 编号：临 2025-047 美克国际家居用品股份有限公司 关于担保的进展公告 重要内容提示： 被担保人名称：美克国际家居用品股份有限公司（以下称"公司"）。 2024 年 9 月，公司与江苏资产管理有限公司（以下称"江苏资管"）开 展业务合作，公司以自有房产、全资子公司美克国际家私（天津）制造有限公司 （以下称"天津美克"）以自有房产为江苏资管持有公司的 125,573,031.02 元 债权提供担保，具体期限与担保内容以合同为准。基于双方良好的合作基础，同 意将原业务合作期限延长一年，相应担保期限同时延长一年。 一、担保情况概述 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。 （一）担保基本情况 为保障公司生产经营发展需要，2024 年 9 月，公司与江苏资管以债务重组 方式开展业务合作，期限 1 年，于 2025 年 9 月 9 日到期。公司全资子公司美克 数创（赣州）家居智造有限公司（以下称"美克数创"）、天津美克及其全资子 公司美克国际家私加工（天津）有限公司（以下称"天津加 ...

Group 1 - The company announced a guarantee for a financing business of 15 million yuan for its subsidiary, Meike Shuchuang [1] - Prior to this guarantee, the total guarantee balance for Meike Shuchuang was 466.5 million yuan, which remains unchanged after this guarantee [1] - The remaining available guarantee amount for the current year is 133.5 million yuan [1]

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。 重要内容提示： | | | | | 被担保人名称 | 下称"美克数创"）。 | 美克数创（赣州）家居智造有限公司（以 | | --- | --- | --- | --- | | | 本次担保金额 | 1,500.00 万元 | | | 担保对象 | 实际为其提供的担保余额 | 46,650.00 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：_________ | 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 | 145,344.39 | | 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 | 52.92 | | 审计净资产的比例（%） | | | 特别风险提示（如有请勾选） | 对外担保总额（含本次）超过上市公司最近一期经 | | | 审计净资产 50% | | ...

登录新浪财经APP 搜索【信披】查看更多考评等级 专题：专题|2024年度A股董秘数据报告：1144位董秘年薪超百万 占比超21% 董秘作为连接投资者与上市公司的"桥梁"，在上市公司资本运作中发挥着关键作用。新浪财经《2024年度A股董秘数据报告》显示，2024年A股上市公司董 秘薪酬合计达40.86亿元，平均年薪75.43万元。 分行业来看，A股共有165家轻工制造上市公司公开披露了董事会秘书信息，其中74家为家居用品上市公司。 就任职期限而言，2024年家居用品上市公司董秘以中长期为主，任职时间在5-10年区间的占比最高，约为34.1%；任期1-3年和3-5年的董秘群体分别占比 26.8%、20.7%，短期1年以内和长期10年以上的董秘群体则占比11.0%、7.3%。任职时间最长的是美克家居黄新，她自1999年11月开始担任董事会秘书一 职，至今已接近26年。 统计区间内，共有8位董秘离任，分别为索菲亚孙天骏、慕思股份赵元贵、乐歌股份茅剑辉、嘉益股份叶松、海象新材沈洁、丰林集团汪灏、菲林格尔俞志 豪、*ST亚振张大春。其中，汪灏和张大春任职都接近6年，孙天骏、茅剑辉和沈洁在岗时间均未到1年。 就学历构成而 ...