证券代码：600337 证券简称：美克家居 公告编号：临 2026-014 根据天津美克及天津加工辞退员工的数量及补偿方案，预计此次辞退补偿超 过上期经审计净利润绝对值的 10%，达到披露标准。最终辞退补偿金额需根据最 终签署协议涉及的员工人数而定。 上述事项预计将减少公司相应年度归属于上市公司股东净利润。辞退补偿事 项的会计处理及对公司的影响最终以年审会计师审计确认后数据为准。 美克国际家居用品股份有限公司 关于天津子公司停工停产的进展公告 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。 一、天津子公司停工停产的情况 为优化闲置产能、减少亏损并加速实现战略转型，美克国际家居用品股份有 限公司（以下称"公司"）对全资子公司美克国际家私（天津）制造有限公司（以 下简称"天津美克"）和美克国际家私加工（天津）有限公司（以下称"天津加 工"）实施停工停产。详情见公司前期披露的《美克国际家居用品股份有限公司 关于天津子公司停工停产的公告》。 二、天津子公司停工停产的进展 经充分沟通并协商一致，天津美克及天津加工将通过支付辞退补偿的方式 ...

美克国际家居用品股份有限公司 关于为控股股东担保逾期的公告 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。 重要内容提示： 美克国际家居用品股份有限公司（以下称"公司"）为控股股东美克投 资集团有限公司（以下称"美克集团"）在中国进出口银行股份有限公司新疆维 吾尔自治区分行（以下称"新疆口行"）、哈密市商业银行（以下称"哈密银行"）、 乌鲁木齐农村商业银行（以下称"农商银行"）、兴业银行股份有限公司（以下 称"兴业银行"）共计 28,760 万元融资业务提供担保，截至目前美克集团未能 按时偿还上述借款，公司为美克集团提供的担保已逾期。 新疆口行已就美克集团 15,000 万元债务违约事项提起诉讼。同时，美克 集团及公司与其他债权方正在积极沟通协商，争取尽快妥善处理担保债务逾期事 项。上述担保逾期事项可能会导致公司面临诉讼、承担连带担保责任的风险。公 司将密切关注美克集团相关借款逾期以及相关担保进展情况，并及时履行信息披 露义务。敬请广大投资者注意投资风险。 证券代码：600337 证券简称：美克家居 公告编号：临 2026-0 ...

美克国际家居用品股份有限公司 关于公司及子公司部分债务逾期和账户冻结的公告 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。 重要内容提示： 截至目前，美克国际家居用品股份有限公司（以下称"美克家居"或"公 司"）及子公司到期未偿还债务共计 38,770.34 万元，占公司最近一期经审计 归属上市公司股东的净资产的 14.12%（剔除中国进出口银行股份有限公司新疆 维吾尔自治区分行 17,980.00 万元贷款影响后，未偿还债务占公司最近一期经 审计归属上市公司股东的净资产的 7.57%），其中金融机构融资逾期金额 30,236.67 万元，到期未兑付商业承兑汇票 8,533.67 万元。 截至目前，公司及分、子公司累计被冻结银行账户 172 个，占公司及涉 及子公司银行账户总数的 55.84%，累计冻结资金 1,024.13 万元，占公司最近一 期经审计归属上市公司股东的净资产的 0.37%。 风险提示：公司将密切关注相关债务逾期及账户冻结的进展情况，敬请 广大投资者注意投资风险。 证券代码：600337 证券简称：美克家居 ...

Financial Performance - The company expects a net profit attributable to shareholders of the parent company for 2025 to be between -12,000 million and -18,000 million RMB, indicating a loss[1] - The expected net profit attributable to shareholders of the parent company, after deducting non-recurring gains and losses, is projected to be between -14,500 million and -20,500 million RMB[2] - In the same period last year, the total profit was -1,013.91 million RMB, with a net profit attributable to shareholders of -863.61 million RMB[2] Market Conditions - The company reported a significant decline in domestic retail sales due to weak consumer demand and ongoing adjustments in the real estate sector[2] - The company is actively closing inefficient direct-operated stores and has halted operations at its Tianjin subsidiary due to weakened market demand[3] Operational Risks - The company faces risks related to its ability to continue as a going concern, with negative working capital and tight cash flow[3] - The preliminary financial data provided is subject to change and will be finalized in the official 2025 annual report[3]

转自：智通财经 【美克家居：预计2025年净利润亏损12亿元-18亿元】智通财经1月29日电，美克家居(600337.SH)公告 称，美克家居预计2025年归属于上市公司股东的净利润为-12亿元至-18亿元。业绩变动主要原因：受宏 观经济及行业周期影响，房地产持续调整、国内消费需求疲软致零售业务收入大幅下滑；国际贸易环境 变化推高供应链成本；公司主动关闭低效门店、天津子公司停工停产，引发商品折价清仓、资产处置、 装修报废、人员安置、租赁违约及存货与固定资产减值等，导致当期亏损。 ...

Core Viewpoint - Meike Home (600337.SH) is expected to report a significant net loss for the fiscal year 2025, with estimates ranging from -1.2 billion to -1.8 billion yuan for net profit attributable to shareholders, and from -1.45 billion to -2.05 billion yuan for net profit after excluding non-recurring gains and losses [1] Group 1: Financial Performance - The company anticipates a net loss for 2025 due to adverse macroeconomic conditions and cyclical fluctuations in the industry [1] - The expected decline in retail sales revenue from domestic operations (including direct and franchise stores) is significant, reflecting a downturn in the home furnishing industry [1] Group 2: Industry Challenges - The ongoing adjustment in the real estate sector and weak domestic consumer demand are contributing to the declining performance of the home furnishing industry [1] - Changes in the international trade environment, including reciprocal tariff adjustments, are increasing supply chain costs [1] Group 3: Company Response - In response to the challenging external environment, the company is actively pursuing business adjustments and channel optimization, including the closure of inefficient direct stores [1] - The Tianjin subsidiary has halted operations due to weakened market demand, leading to various costs such as inventory write-downs, asset disposals, and compensation for personnel [1]

Core Viewpoint - Meike Home (600337.SH) is facing significant financial challenges, with overdue debts and frozen bank accounts impacting its operations and cash flow stability [1] Financial Situation - The total overdue debts of the company and its subsidiaries amount to 387.70 million yuan, which represents 14.12% of the latest audited net assets attributable to shareholders [1] - Excluding a loan of 179.80 million yuan from the Export-Import Bank of China, the overdue debts account for 7.57% of the net assets [1] - Overdue financing from financial institutions totals 302.37 million yuan, while the amount of unpaid commercial acceptance bills is 85.34 million yuan [1] Operational Impact - A total of 172 bank accounts have been frozen, which constitutes 55.84% of the total bank accounts of the company and its subsidiaries [1] - The frozen funds amount to 10.24 million yuan, representing 0.37% of the latest audited net assets attributable to shareholders [1] Performance Challenges - Meike Home has experienced continuous losses since 2022, primarily due to heavy asset investments that have burdened its operational performance and cash flow stability [1] - The company is facing overdue loans and unpaid commercial acceptance bills as a result of changes in the market, industry, international trade, and financing environment [1]

Core Viewpoint - The renovation and building materials sector experienced a slight decline, closing at 17,983.59 points with a drop of 0.13%, impacting individual stocks within the sector [1] Group 1: Stock Performance - Yashi Chuangneng closed at 6.69 CNY per share, leading the decline with a drop of 4.43% [1] - Meike Home closed at 2.83 CNY per share, with a decrease of 4.07%, ranking second in the decline [1] - *ST Songfa closed at 82.39 CNY per share, down by 3.07%, ranking third in the decline [1] - Youbang Diao Ding led the gains, closing at 75.60 CNY per share with an increase of 7.54% [1] - Songlin Technology closed at 41.29 CNY per share, up by 6.72%, ranking second in gains [1] - Kangxin New Materials closed at 4.30 CNY per share, with an increase of 5.13%, ranking third in gains [1] Group 2: Market Insights - China Galaxy's report indicates that year-end rush work has driven a month-on-month increase in retail, supporting demand for building materials in a stagnant market [1] - As temperatures drop, demand in the home decoration market is expected to decrease further, with anticipation for recovery post-Spring Festival, which may gradually release demand for building materials [1] - In the medium to long term, renovation of existing homes, old renovations, and urban renewal are expected to be the main drivers of demand for building materials [1] - Urban renewal is expected to stimulate demand in the old renovation and repair market, while consumption upgrades will enhance the demand for high-quality green building materials [1] - Leading companies with channel layout advantages and brand strengths are likely to continue consolidating their market positions [1]

Market Overview - The home goods sector experienced a decline of 0.5% on January 27, with Meike Home leading the drop [1] - The Shanghai Composite Index closed at 4139.9, up 0.18%, while the Shenzhen Component Index closed at 14329.91, up 0.09% [1] Top Performers in Home Goods Sector - Songjing Technology (603992) saw a closing price of 41.29, with an increase of 6.72% and a trading volume of 92,600 shares, totaling a transaction value of 3.74 billion [1] - ST Shengfu (603021) closed at 5.53, up 4.93%, with a trading volume of 109,600 shares and a transaction value of 59.41 million [1] - Haolaike (603898) closed at 17.27, up 4.54%, with a trading volume of 169,300 shares and a transaction value of 285 million [1] Underperformers in Home Goods Sector - Meike Home (600337) closed at 2.83, down 4.07%, with a trading volume of 659,100 shares and a transaction value of 186 million [2] - Dream Sky Home (603216) closed at 49.16, down 3.98%, with a trading volume of 77,800 shares [2] - Zhang Xiaoqin (301055) closed at 22.34, down 3.71%, with a trading volume of 39,200 shares and a transaction value of 87.96 million [2] Capital Flow Analysis - The home goods sector saw a net outflow of 304 million from institutional investors, while retail investors experienced a net inflow of 1.79 billion [2] - The top net inflows from retail investors included companies like Xidamen (605155) with a net inflow of 1.19 million [3] - Conversely, companies like ST Yazhen (603389) experienced a net outflow of 625,100 from institutional investors [3]

Core Viewpoint - The article discusses the severe financial and operational crisis faced by Meike Home, highlighting its transition from a leading high-end furniture brand to a company on the brink of collapse due to unpaid wages, production halts, and significant financial losses [5][7][12]. Group 1: Crisis Overview - Meike Home's controlling shareholder, Meike Investment Group, had 488 million shares frozen by the court, representing 100% of its stake in the company [9]. - The company announced the suspension of operations at two wholly-owned subsidiaries due to low capacity utilization, averaging less than 20% [10]. - Employees reported unpaid wages for several months, leading to a controversial "salary offset" scheme where employees must sell furniture to earn their wages [10][11]. Group 2: Market and Operational Decline - The company has been closing stores rapidly since 2024, with significant locations in major cities like Nanjing and Beijing shutting down or reducing size [11]. - High rental costs and large workforce expenses have created a financial strain, exacerbated by declining customer traffic [12]. - Meike Home attempted to acquire a tech company to boost its stock price, indicating desperation amid its operational struggles [12]. Group 3: Historical Context and Strategic Missteps - Founded by an artist, Meike Home initially thrived by capitalizing on unique design and high-quality materials, becoming a major player in the furniture industry [14]. - The company failed to adapt to significant market changes, missing opportunities in the custom furniture trend and the shift in consumer preferences towards minimalism [15][16]. - Meike Home's reliance on a heavy asset model and direct retailing became a liability as market conditions shifted, leading to unsustainable operational costs [17]. Group 4: Financial Performance - Meike Home reported a cumulative loss of nearly 1.6 billion yuan over three years, with net losses of 298 million yuan in 2022 and 464 million yuan in 2023, and projections indicating losses could exceed 800 million yuan in 2024 [19][20]. - The company's gross margin, previously between 40%-50%, has declined significantly due to discounting efforts to clear inventory [20]. - The sales expense ratio remains alarmingly high at 30%-40%, leading to unsustainable financial practices compared to competitors [21][22]. - As of Q3 2025, the company's cash reserves were critically low, with a cash-to-short-term debt ratio below 0.1, indicating severe liquidity issues [22][23].