Core Viewpoint - The company, Jiangshan Oupai Door Industry Co., Ltd., is set to hold a performance briefing for the third quarter of 2025 to discuss its operational performance, financial status, and development strategy with investors [2][3]. Group 1: Event Details - The performance briefing will take place on October 24, 2025, from 14:00 to 15:00 [5][6]. - The event will be conducted in an online interactive format via the Shanghai Stock Exchange Roadshow Center [3][5]. - Investors can submit questions from October 17 to October 23, 2025, before 16:00, through the Roadshow Center or via the company's email [2][7]. Group 2: Participants - Key participants in the briefing will include the Chairman and General Manager, Mr. Wu Shuigen, the Financial Officer, Ms. Wu Shuiyan, and Independent Director, Mr. Chen Zhijie [4][6]. Group 3: Contact Information - For inquiries, investors can contact the company’s secretariat via phone at 0570-4729200 or email at Securities@oupaigroup.com [7]. Group 4: Post-Event Access - After the briefing, investors can access the main content and details of the event through the Shanghai Stock Exchange Roadshow Center [7].

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： 会议召开时间：2025 年 10 月 24 日（星期五）下午 14:00-15:00 | 证券代码：603208 | 证券简称：江山欧派 | 公告编号：2025-058 | | --- | --- | --- | | 债券代码：113625 | 债券简称：江山转债 | | 江山欧派门业股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络文字互动 投资者可于 2025 年 10 月 17 日（星期五）至 10 月 23 日（星期四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过江山欧派门业股份 有限公司（以下简称"公司"）邮箱 Securities@oupaigroup.com 进行提问。公 司将在说明会上对投资者普遍关注的问题进行回答。 公司将于 2 ...

Core Viewpoint - Jiangshan Oupai's stock price has experienced a significant decline this year, with a year-to-date drop of 19.00% and a recent 5-day decline of 5.33% [1][2] Company Overview - Jiangshan Oupai, established on July 31, 2006, and listed on February 10, 2017, is primarily engaged in the research, production, sales, and service of wooden doors [1] - The company's revenue composition includes: 45.39% from laminated molded doors, 20.73% from other products, 15.64% from solid wood composite doors, 7.43% from franchise service fees, 7.32% from cabinet products, and 3.49% from other sources [1] Financial Performance - For the first half of 2025, Jiangshan Oupai reported revenue of 868 million yuan, a year-on-year decrease of 39.82%, and a net profit attributable to shareholders of 10.08 million yuan, down 90.39% year-on-year [2] - The company has distributed a total of 1.034 billion yuan in dividends since its A-share listing, with 617 million yuan distributed over the past three years [3] Shareholder Information - As of June 30, 2025, Jiangshan Oupai had 11,100 shareholders, a decrease of 3.12% from the previous period, with an average of 16,006 circulating shares per shareholder, an increase of 3.22% [2] - Among the top ten circulating shareholders, the fifth largest is招商行业精选股票 (000746) with 2.8688 million shares, unchanged from the previous period, while招商瑞智优选混合 (LOF) (161728) is a new entrant holding 892,400 shares [3]

Market Overview - The home goods sector increased by 0.07% on October 14, with Hao Tai Tai leading the gains [1] - The Shanghai Composite Index closed at 3865.23, down 0.62%, while the Shenzhen Component Index closed at 12895.11, down 2.54% [1] Top Performers - Hao Tai Tai (603848) closed at 22.13, up 9.99% with a trading volume of 104,800 shares and a turnover of 227 million yuan [1] - Sea Owl (002084) closed at 4.52, up 9.98% with a trading volume of 573,900 shares and a turnover of 252 million yuan [1] - Yu Ma Technology (300993) closed at 19.35, up 5.39% with a trading volume of 264,400 shares and a turnover of 506 million yuan [1] Underperformers - Jiangshan Oupai (603208) closed at 15.26, down 5.63% with a trading volume of 177,200 shares and a turnover of 283 million yuan [2] - Filinger (603226) closed at 45.08, down 4.09% with a trading volume of 161,500 shares and a turnover of 758 million yuan [2] - Qi Sheng Technology (603610) closed at 18.52, down 3.94% with a trading volume of 228,500 shares and a turnover of 433 million yuan [2] Capital Flow - The home goods sector experienced a net outflow of 26.59 million yuan from institutional investors and 53.19 million yuan from speculative funds, while retail investors saw a net inflow of 79.79 million yuan [2] - The capital flow for individual stocks in the home goods sector is detailed in the following table [3] Individual Stock Capital Flow - Sea Owl (002084) had a net inflow of 93.29 million yuan from institutional investors, but a net outflow of 36.74 million yuan from speculative funds and 56.54 million yuan from retail investors [3] - Hao Tai Tai (603848) saw a net inflow of 36.04 million yuan from institutional investors, with net outflows from both speculative and retail investors [3] - Yu Ma Technology (300993) had a net inflow of 29.99 million yuan from institutional investors, but a net outflow from retail investors [3]

关于可转债转股结果暨股份变动公告 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： 累计转股情况：截至 2025 年 9 月 30 日，累计有 464,000.00 元"江山转 债"已转换成江山欧派门业股份有限公司（以下简称"公司"）股份，因转股形 成的股份数量累计为 4,964 股（其中 4,711 股为新增股份，253 股为库存股）， 占可转债转股前公司已发行股份总额的 0.0047%。 未转股可转债情况：截至 2025 年 9 月 30 日，公司尚未转股的"江山转 债"金额为 582,536,000 元，占"江山转债"发行总量的 99.9204%。 | 证券代码：603208 | 证券简称：江山欧派 | 公告编号：2025-057 | | --- | --- | --- | | 债券代码：113625 | 债券简称：江山转债 | | 江山欧派门业股份有限公司 "江山转债"期限为自发行之日起 6 年，即自 2021 年 6 月 11 日至 2027 年 6 月 10 日。票面利率第一年 0.40%、第二年 0 ...

Core Insights - Jiangshan Oupai's stock price increased by 2.03% on October 9, reaching 15.60 CNY per share, with a total market capitalization of 2.764 billion CNY [1] - The company has experienced a year-to-date stock price decline of 14.33%, but has seen a recent uptick of 2.03% over the last five trading days [1] Financial Performance - For the first half of 2025, Jiangshan Oupai reported a revenue of 868 million CNY, a year-on-year decrease of 39.82%, and a net profit attributable to shareholders of 10.08 million CNY, down 90.39% year-on-year [2] - Cumulative cash dividends since the company's A-share listing amount to 1.034 billion CNY, with 617 million CNY distributed over the past three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 3.12% to 11,100, while the average circulating shares per person increased by 3.22% to 16,006 shares [2] - Notable institutional shareholders include招商行业精选股票 (000746) and招商瑞智优选混合 (LOF) (161728), with the latter being a new entrant among the top ten circulating shareholders [3] Business Overview - Jiangshan Oupai, established on July 31, 2006, specializes in the research, production, sales, and service of wooden doors, with its main revenue sources being laminated doors (45.39%) and other products [2] - The company operates within the light industry manufacturing sector, specifically in customized home furnishings, and is associated with concepts such as new urbanization and small-cap stocks [2]

重要内容提示： 担保对象及基本情况 | | | 被担保人名称 | 江山花木匠家居有限公司（以下简 称"花木匠公司"） | | --- | --- | --- | --- | | | | 本次担保金额 | 1,000 万元 | | 担 保 象一 | 对 | 实际为其提供的担保余额 | 19,460 万元（不含本次） | | | | 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：_________ | | 保 | 对 | 被担保人名称 | 江山欧派装饰工程有限公司（以下 简称"欧派装饰公司"） 万元 | | 担 | | 本次担保金额 | 3,000 | | 象二 | | 实际为其提供的担保余额 | 14,600 万元（不含本次） | | | | 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 | 被担保人名称 | 江山欧派木制品有限公司（以下简 称"欧派木制品公司"） | | 象三 | | 本次担保金额 ...

Group 1 - The company Jiangshan Oupai announced a change in the legal representative of its wholly-owned subsidiary, Jiangshan Oupai Import and Export Co., Ltd. [1] - The legal representative has been changed from "Xu Zhengleijie" to "Zhou Jun" due to operational development needs [1] - The business registration procedures for this change have been completed, and the subsidiary remains a wholly-owned entity of the company [1]

统一社会信用代码：91330881MA29U7W72E | 证券代码：603208 | 证券简称：江山欧派 | 公告编号：2025-055 | | --- | --- | --- | | 债券代码：113625 | 债券简称：江山转债 | | 江山欧派门业股份有限公司 关于子公司欧派进出口公司完成工商变更登记的公告 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。 江山欧派门业股份有限公司（以下简称"公司"）收到全资子公司江山欧派 进出口有限责任公司（以下简称"欧派进出口公司"）报告，欧派进出口公司根 据经营发展需要，对其法定代表人进行变更：法定代表人由"徐郑磊杰"变更为 "周俊"。本次工商变更登记手续完成后，欧派进出口公司仍为公司全资子公司。 目前，欧派进出口公司已完成相关工商变更登记手续，具体变更内容请参照 变更后的《营业执照》。 成立日期：2018年2月1日 经营范围：许可项目：货物进出口；技术进出口(依法须经批准的项目，经 相关部门批准后方可开展经营活动，具体经营项目以审批结果为准)。一般项目： 第一类医疗器械销售；日用 ...

Investment Rating - The report maintains a positive outlook on the construction materials industry, indicating a recovery in the consumption segment and a price increase cycle for fiberglass products [1][5][7]. Core Insights - The construction materials sector is showing signs of recovery, with the fundamentals entering a positive phase, particularly in real estate sales and construction starts [1][20][21]. - A price increase cycle for fiberglass products is anticipated, driven by supply-demand dynamics and market conditions [2][6][7]. - The cement industry is entering a peak season with price increases observed in various regions, supported by policy measures aimed at limiting overproduction [4][27][28]. Summary by Sections Construction Materials - The consumption construction materials sector is stabilizing, with expectations of improved revenue performance starting in Q3 2025 due to lower revenue baselines and reduced price competition [1][20][21]. - Companies like Hanhigh Group and Sankeshu are already showing growth, with expectations for Dongfang Yuhong to follow suit [1][15]. Fiberglass - The fiberglass market is experiencing a price increase cycle, with major companies discussing price hikes for various products, including low dielectric fabrics [2][6]. - The supply-demand balance is shifting positively, with larger manufacturers maintaining good inventory control while smaller producers are adjusting prices upward [6][7]. Cement - The cement market is witnessing a slight price increase, with specific regions like Jiangsu and Anhui implementing price hikes [4][27]. - The report highlights the potential for growth in the cement sector due to policy support and overseas expansion opportunities [27][28]. Investment Recommendations - Companies such as China Jushi, Zhongcai Technology, and Feilihua are highlighted for their strong market positions and growth potential in the fiberglass and construction materials sectors [10][12][18]. - Huaxin Cement is noted for its overseas expansion and profitability, particularly from its Nigerian operations, which are expected to contribute significantly to future earnings [31][33].