Group 1 - Meike Home (600337) experienced a limit-up trading day with a turnover rate of 12.21% and a transaction amount of 463 million yuan, with an amplitude of 8.00% [2] - The stock was listed on the Shanghai Stock Exchange due to a price deviation of 11.36%, with a net buying amount of 15.42 million yuan from brokerage seats [2] - The top five brokerage seats accounted for a total transaction of 126 million yuan, with a buying amount of 70.76 million yuan and a selling amount of 55.34 million yuan, resulting in a net buying of 15.42 million yuan [2] Group 2 - The largest buying brokerage was Huatai Securities with a buying amount of 23.05 million yuan, while the largest selling brokerage was Goldman Sachs (China) with a selling amount of 17.13 million yuan [3] - The stock saw a net inflow of 27.39 million yuan from main funds, with a significant single net inflow of 32.11 million yuan, while large single funds experienced a net outflow of 4.72 million yuan [2] - Over the past five days, the net inflow of main funds totaled 39.15 million yuan [2] Group 3 - As of September 17, the margin trading balance for the stock was 84.09 million yuan, with a financing balance of 83.98 million yuan and a securities lending balance of 0.12 million yuan [3] - In the past five days, the financing balance increased by 0.88 million yuan, representing a growth of 1.05%, while the securities lending balance increased by 0.015 million yuan, a growth of 15.16% [3] - The company's semi-annual report released on August 30 indicated that it achieved an operating income of 1.5 billion yuan in the first half of the year, a year-on-year decrease of 8.11%, and a net profit of -87.98 million yuan [3]

证券代码：600337 证券简称：美克家居 公告编号：临 2025-051 美克国际家居用品股份有限公司 股票交易异常波动公告 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"）股票于 2025 年 9 月 16 日、9 月 17 日、9 月 18 日连续三个交易日内收盘价格涨幅偏离值累计超过 20%，根据《上海证券交易所交易规则》的有关规定，属于股票交易异常波动情 形。 经公司自查并向公司控股股东、实际控制人核实，截至本公告披露日， 公司不存在应披露而未披露的重大信息。 敬请广大投资者注意二级市场交易风险，审慎决策，理性投资。 一、股票交易异常波动的具体情况 公司股票于 2025 年 9 月 16 日、9 月 17 日、9 月 18 日连续三个交易日内收 盘价格涨幅偏离值累计超过 20%，根据《上海证券交易所交易规则》相关规定， 属于股票交易异常波动。 二、公司关注并核实的相关情况 针对公司股票交易异常波动情况，公司对相关事项进行了核查，现就有关情 况说明如下： （ ...

关于《美克国际家居用品股份有限公司股票交易异常波动问询函》的 回函 关于《美克国际家居用品股份有限公司股票交易异常波动问询函》的 回函 美克国际家居用品股份有限公司： 本人作为公司的实际控制人已收到公司发来的《关于美克国际家居用品股份 有限公司股票异常波动问询函》，经自查确认，现回复如下： 一、截至目前，除了在指定媒体上已公开披露的信息外，本人不存在涉及 贵公司的应予以披露而未披露的重大信息，包括但不限于重大资产重组、股份 发行、重大交易类事项、业务重组、股份回购、股权激励、破产重整、重大业 务合作、引进战略投资者等重大事项。 美克国际家居用品股份有限公司： 本公司作为公司的控股股东已收到公司发来的《关于美克国际家居用品股份 有限公司股票异常波动问询函》，经自查确认，现回复如下： 一、截至目前，除了在指定媒体上已公开披露的信息外，本公司不存在涉 及贵公司的应予以披露而未披露的重大信息，包括但不限于重大资产重组、股 份发行、重大交易类事项、业务重组、股份回购、股权激励、破产重整、重大 业务合作、引进战略投资者等重大事项。 二、在本次股票交易异常波动期间，本公司不存在买卖贵公司股票的情形。 特此回复。 控股股东： ...

美克家居9月18日发布公告，公司股票连续三个交易日内收盘价格涨幅偏离值累计超过20%，属于股票 交易异常波动情形。 经核实，公司目前生产经营情况正常，公司已披露的经营情况、内外部环境未发 生重大变化，也不存在应披露而未披露的重大信息。经自查及向公司控股股东、实际控制人书面核实， 截至本公告日，除已在指定媒体上公开披露的信息外，公司不存在应披露而披露的重大信息，包括但不 限于重大资产重组、股份发行、重大交易类事项、业务重组、股份回购、股权激励、破产重整、重大业 务合作、引进战略投资者等重大事项。 ...

Market Overview - On September 18, the home goods sector declined by 1.74%, with Hao Tai Tai leading the drop [1] - The Shanghai Composite Index closed at 3831.66, down 1.15%, while the Shenzhen Component Index closed at 13075.66, down 1.06% [1] Stock Performance - Major gainers included: - Meike Home (600337) with a closing price of 2.70, up 10.20% on a trading volume of 1.75 million shares [1] - ST Yazhen (603389) at 28.82, up 4.99% with a volume of 32,600 shares [1] - Mona Lisa (002918) at 16.01, up 4.98% with a volume of 169,800 shares [1] - Major losers included: - Hao Tai Tai (603848) at 29.60, down 8.19% with a trading volume of 62,400 shares [2] - Wo Le Home (603326) at 8.40, down 4.98% with a volume of 77,200 shares [2] - Meng Tian Home (603216) at 16.20, down 4.59% with a volume of 62,800 shares [2] Capital Flow - The home goods sector experienced a net outflow of 201 million yuan from institutional investors, while retail investors saw a net inflow of 16.9 million yuan [2] - Notable capital flows included: - Songlin Technology (603992) with a net inflow of 34.75 million yuan from institutional investors [3] - Mona Lisa (002918) with a net inflow of 33.58 million yuan from institutional investors [3] - Meike Home (600337) with a net inflow of 28.59 million yuan from institutional investors [3]

Core Viewpoint - The home improvement and building materials sector experienced a decline, with a closing index of 15081.83 points, reflecting a drop of 1.49% [1] Group 1: Stock Performance - I乐家居 closed at 8.40 yuan per share, down 4.98%, leading the decline in the sector [1] - 梦百合 closed at 8.56 yuan per share, down 4.36%, ranking second in the decline [1] - 喜临门 closed at 18.34 yuan per share, down 4.28%, ranking third in the decline [1] - 美克家居 closed at 2.70 yuan per share, up 10.20%, leading the gains in the sector [1] - 公元股份 closed at 4.64 yuan per share, up 9.95%, ranking second in the gains [1] - *ST亚振 closed at 28.82 yuan per share, up 4.99%, ranking third in the gains [1] Group 2: Market Insights - According to a report from 中信证券, the national subsidy for home improvement has shown some effectiveness, with noticeable improvements in demand in cities or regions with greater policy flexibility [1] - The current demand release is primarily driven by essential needs, and the recovery of renovation demand and the end of consumption downgrade in the home improvement industry are expected to rely on further policy enhancements [1]

Core Viewpoint - The domestic real estate market continues to face pressure in the first half of 2025, impacting the home furnishing industry, although the implementation of trade-in subsidies for durable consumer goods has somewhat mitigated the downturn [1] Investment and Construction - Residential investment reached 3.58 trillion yuan, a year-on-year decline of 10.4% - New residential construction area was 22.3 million square meters, down 19.6% - Completed residential area was 16.3 million square meters [1] Home Furnishing Industry Performance - A total of 17 listed home furnishing companies reported combined revenue of 43.433 billion yuan, a slight increase of 6.1% year-on-year - Gujia Home ranked first with revenue of 9.801 billion yuan, 1.83 times that of the second-ranked Henglin Shares [1] Cost Control - The operating costs of home furnishing companies generally increased, with over half of the companies experiencing a growth rate in costs higher than revenue growth - Gujia Home had the highest operating cost at 6.577 billion yuan, while Henglin Shares had an operating cost ratio of 82.1% [1] Expense Efficiency - Only Meike Home and *ST Yazhen reduced sales, management, and R&D expenses year-on-year - *ST Yazhen had the highest management expense ratio at approximately 22.2% among the 17 companies [1] R&D Investment - R&D expense ratios for home furnishing companies remained between 2% and 5% - Qisheng Technology and Xiangxin Home led with R&D expense ratios of 5.3% and 5.2% respectively [1] Profitability - Gujia Home reported a net profit of approximately 1.021 billion yuan, a year-on-year increase of 13.9%, surpassing the combined net profit of the second and third-ranked companies by over 76 million yuan [1] Profit Quality - Meike Home, Yongyi Shares, and Zhongyuan Home reported positive cash flow from operating activities, while nearly 60% of companies saw a year-on-year decrease in cash flow [1] - *ST Yazhen had the highest accounts receivable turnover days at approximately 127 days [1]

Market Overview - The home goods sector experienced a decline of 0.86% on September 12, with C Aifenda leading the drop [1] - The Shanghai Composite Index closed at 3883.69, up 0.22%, while the Shenzhen Component Index closed at 12996.38, up 0.13% [1] Stock Performance - Notable gainers in the home goods sector included: - Filinger: closed at 30.15, up 5.42% with a trading volume of 59,900 shares and a turnover of 179 million yuan [1] - Meike Home: closed at 2.19, up 2.34% with a trading volume of 457,300 shares and a turnover of 98.99 million yuan [1] - Taili Technology: closed at 41.86, up 2.15% with a trading volume of 15,000 shares and a turnover of 6.27 million yuan [1] - Conversely, C Aifenda saw a significant decline, closing at 66.59, down 6.88% with a trading volume of 59,400 shares and a turnover of 404 million yuan [2] Capital Flow - The home goods sector experienced a net outflow of 206 million yuan from institutional investors, while retail investors saw a net inflow of 178 million yuan [2] - The following stocks had notable capital flows: - Sophia: net inflow of 15.32 million yuan from institutional investors, but a net outflow of 28.06 million yuan from retail investors [3] - Good Housewife: net inflow of 14.55 million yuan from institutional investors, with a net outflow of 10.82 million yuan from retail investors [3] - Delixi: net inflow of 11.70 million yuan from institutional investors, but a net outflow of 11.86 million yuan from retail investors [3]

Market Overview - The home goods sector experienced a decline of 0.29% on September 10, with Zhongyuan Home leading the drop [1] - The Shanghai Composite Index closed at 3812.22, up 0.13%, while the Shenzhen Component Index closed at 12557.68, up 0.38% [1] Stock Performance - Notable gainers included: - N Wenfenda: closed at 74.77, up 170.03% with a trading volume of 137,200 shares and a turnover of 1.11 billion yuan [1] - Bingtai Turf: closed at 36.07, up 10.00% with a trading volume of 83,000 shares and a turnover of 290 million yuan [1] - Filinger: closed at 29.18, up 6.30% with a trading volume of 84,100 shares and a turnover of 238 million yuan [1] - Major decliners included: - Zhongyuan Home: closed at 15.36, down 10.02% with a trading volume of 179,300 shares and a turnover of 278 million yuan [2] - Songgu Technology: closed at 28.99, down 7.38% with a trading volume of 80,800 shares and a turnover of 243 million yuan [2] - Yuma Technology: closed at 17.40, down 6.10% with a trading volume of 291,000 shares and a turnover of 509 million yuan [2] Capital Flow - The home goods sector saw a net inflow of 108 million yuan from institutional investors, while retail investors experienced a net outflow of 119 million yuan [2][3] - Key stocks with significant capital flow included: - N Wenfenda: net inflow of 282.1 million yuan from institutional investors, with a net outflow of 35.25 million yuan from retail investors [3] - Gongchuang Turf: net inflow of 57.01 million yuan from institutional investors, with a net outflow of 30.83 million yuan from retail investors [3] - Opai Home: net inflow of 22.03 million yuan from institutional investors, with a net outflow of 9.07 million yuan from retail investors [3]

Group 1 - The core viewpoint of the article highlights that Meike Home is actively seeking breakthroughs through store closures, asset-light transformation, and AI technology empowerment amidst a complex global economy and weak consumer expectations [1][2] - In the first half of 2025, Meike Home reported total revenue of 1.5 billion yuan, a year-on-year decline of 8.11%, and a net profit attributable to shareholders of -87.98 million yuan, which is a reduction in loss of 188 million yuan compared to the same period last year [1] - The domestic retail business has been shrinking for several quarters, with the company's strategy of closing inefficient stores and streamlining operations failing to reverse the revenue decline [1][2] Group 2 - The international wholesale business, while serving as a revenue stabilizer, is facing severe challenges due to high interest rates and structural shifts in consumer spending in the U.S. market [2] - The company's growth in emerging markets like Brazil and the Middle East is not expected to compensate for the potential shortfall in the U.S. market in the short term [2] - Current loss reduction is primarily due to short-term measures like store closures and asset sales rather than internal growth recovery [2]