Core Viewpoint - The company has repurchased a total of 1.79 million shares, representing 0.12% of its total share capital, with a total expenditure of 2.6748 million yuan as of October 31, 2025 [1] Summary by Relevant Categories Share Repurchase Details - The highest purchase price for the repurchased shares was 1.57 yuan per share, while the lowest was 1.47 yuan per share [1] - The total amount paid for the share repurchase, excluding transaction taxes and fees, is 2.6748 million yuan [1]

Core Points - The company ensures the authenticity, accuracy, and completeness of the quarterly report, with all board members bearing legal responsibility for the content [2][10][12] - The third quarter financial statements are unaudited, and the report period refers to the three months from the beginning to the end of the quarter [3][8] - There were no new store openings or closures reported in the third quarter [8] Financial Data - The financial data and indicators are presented in RMB, with specific details on non-recurring gains and losses applicable [4][5] - The company reported no significant changes in major accounting data and financial indicators [5] Shareholder Information - The total number of ordinary shareholders and the status of the top ten shareholders are disclosed, with no changes reported in the borrowing of shares for margin trading [5][6] Management Changes - The company announced the resignation of the board secretary, Huang Xin, due to personal reasons, while she will continue as a non-independent director [10][12] - Di Jianguang has been appointed as the new board secretary, possessing the necessary qualifications and experience for the role [12][16]

Core Viewpoint - Meike Home is a well-known enterprise in the domestic mid-to-high-end furniture industry, focusing on differentiated design and quality advantages in its products [1] Group 1: Business Performance - In Q3 2025, Meike Home reported revenue of 2.223 billion yuan, ranking 12th in the industry, significantly lower than the top competitor, Gujia Home, which had 15.012 billion yuan, and the second competitor, Henglin Shares, with 8.488 billion yuan [2] - The company's net profit for the same period was -213 million yuan, placing it last in the industry rankings, while Gujia Home reported a net profit of 1.602 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Meike Home's debt-to-asset ratio was 63.25%, higher than the previous year's 62.62% and above the industry average of 45.64%, indicating significant debt pressure [3] - The gross profit margin for Q3 2025 was 32.96%, lower than the previous year's 38.12% but still above the industry average of 31.44%, suggesting a competitive edge in profitability [3] Group 3: Management and Shareholder Information - The chairman, Mark Feng, has a background in economics and business administration from Harvard and has been leading the company since April 2022 [4] - The total compensation for the general manager, Mu Lixin, was 1.155 million yuan in 2024, a decrease of 477,800 yuan from 2023 [4] Group 4: Shareholder Statistics - As of September 30, 2025, the number of A-share shareholders increased by 28.92% to 37,300, while the average number of circulating A-shares held per shareholder decreased by 22.43% to 38,500 [5]

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 ...