Core Viewpoint - The company has provided guarantees for its wholly-owned subsidiaries to secure credit facilities from a bank, with specific amounts being added and released in the process [1][3][4]. Summary by Relevant Sections Guarantee Overview - The company has provided a total of RMB 64,830 million in guarantees, which represents 49.39% of the company's most recent audited net assets [10]. - The guarantees include new amounts of RMB 5,000 million for Jiangshan Huamujian Home Co., RMB 3,000 million for Jiangshan Oupai Wood Products Co., and RMB 5,000 million for Jiangshan Oupai Decoration Engineering Co. [1][3]. Details of Guarantees - The company has released guarantees of RMB 5,000 million for Jiangshan Huamujian Home Co., RMB 20,000 million for Jiangshan Oupai Wood Products Co., and RMB 5,000 million for Jiangshan Oupai Decoration Engineering Co. [3][4]. - The total guarantee balance for Jiangshan Huamujian Home Co. is RMB 14,730 million, for Jiangshan Oupai Wood Products Co. is RMB 41,800 million, and for Jiangshan Oupai Decoration Engineering Co. is RMB 11,300 million [4][5]. Internal Decision-Making Process - The board of directors approved the guarantee arrangements during meetings held on April 28, 2025, and May 21, 2025, allowing for a total guarantee amount not exceeding RMB 300,000 million for the subsidiaries [4][8][9]. Financial Health of Subsidiaries - Jiangshan Huamujian Home Co. has total assets of RMB 27,633.70 million and total liabilities of RMB 12,988.53 million, with a net asset value of RMB 14,645.17 million [5]. - Jiangshan Oupai Wood Products Co. has total assets of RMB 23,677.36 million and total liabilities of RMB 17,285.77 million, with a net asset value of RMB 6,391.58 million [5]. - Jiangshan Oupai Decoration Engineering Co. has total assets of RMB 19,407.80 million and total liabilities of RMB 18,631.61 million, with a net asset value of RMB 776.19 million [6]. Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary for the subsidiaries' operational needs and are aligned with the company's overall development strategy, ensuring that the risks are manageable [7][9].

Core Points - Jiangshan Oupai Door Industry Co., Ltd. announced the completion of the business registration change for its wholly-owned subsidiary, Jiangshan Oupai Engineering Materials Co., Ltd. [1] - The legal representative of Jiangshan Oupai Engineering Materials Co., Ltd. has been changed from Liu Jinan to Xu Youtu due to operational development needs [1] - The subsidiary remains a wholly-owned entity of the company after the registration change [1] Company Information - Jiangshan Oupai Engineering Materials Co., Ltd. is located in Jiangshan City, Zhejiang Province, with a registered capital of 136.58513 million yuan [1] - The company was established on September 23, 2019, and operates in various sectors including construction materials sales, furniture sales, and technical services [1] - The business scope includes general projects such as sales of building materials, metal doors and windows, and home furnishings, as well as licensed projects like construction engineering [1]

| 证券代码：603208 | 证券简称：江山欧派 | 公告编号：2025-038 | | --- | --- | --- | | 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 | 对外担保逾期的累计金额（万元） | 0.00 | | --- | --- | | 截至本公告日上市公司及其控股 子公司对外担保总额（万元） | 64,830 万元（包含本次担保金额） | | 对外担保总额占上市公司最近一 期经审计净资产的比例（%） | 49.39 | | 特别风险提示（如有请勾选） | □对外担保总额超过最近一期经审计净资产 100% | | | □担保金额超过上市公司最近一期经审计净 | | | 资产 50% | | | □对合并报表外单位担保金额达到或超过最 | | | 近一期经审计净资产 30%的情况下 | | | 对资产负债率超过 70%的单位提供担保 | 一、担保情况概述 （一）担保的基本情况 2025 年 7 月 16 日，江山欧派门业股份有限公司（以下简称"公司"）与交 通银行股份有限公司衢州分行（以下简称"交通银行衢州分行"）分别签署了合 同编号为江 B2 ...

| 证券代码：603208 | 证券简称：江山欧派 | 公告编号：2025-040 | | --- | --- | --- | | 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 关于公司高级管理人员离任的公告 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： 江山欧派门业股份有限公司（以下简称"公司"）董事会于近日收到公司副 总经理刘佶南先生提交的书面辞职报告。因个人原因，刘佶南先生申请辞去公司 副总经理职务。 | 姓名 | 离任职务 | 离任时间 | | 原定任期 到期日 | | 离任原因 | 是否继续在上 | 具体职务 | 是否存在 未履行完 毕的公开 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | 市公司及其控 股子公司任职 | （如适用） | 承诺 | | | | 2025 | 年 7 | 2026 年 | 8 月 | | | | 是，后续持 | | 刘佶南 ...

| 证券代码：603208 | 证券简称：江山欧派 | 公告编号：2025-039 | | --- | --- | --- | | 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 法定代表人：徐有土 注册资本：壹亿叁仟陆佰伍拾捌万伍仟壹佰陆拾叁元 成立日期：2019年09月23日 子公司欧派工程材料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 工程材料有限公司（以下简称"欧派工程材料公司"）报告，欧派工程材料公司 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"刘佶南"变更为 "徐有土"。本次工商变更登记手续完成后，欧派工程材料公司仍为公司全资子 公司。 目前，欧派工程材料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》。 统一社会信用代码：91330881MA2DHC841P 公司名称：江山欧派工程材料有限公司 类型： 有限责任公司（自然人投资或控股的法人独资 ...

Core Viewpoint - The announcement highlights the resignation of Wang Zhong, the company's general manager and vice chairman, due to personal reasons, and the potential impact on the company's operations and credit ratings [1][2]. Group 1: Company Management Changes - Wang Zhong, the general manager and vice chairman of Jiangshan Oupai Door Industry Co., Ltd., resigned on July 8, 2025, for personal reasons [1]. - The company will promptly elect a new director and appoint a new general manager, with the chairman, Wu Shuigen, temporarily assuming the general manager's responsibilities [1][2]. - The management change is confirmed to not affect the normal operations of the board or the company's management in the short term [1]. Group 2: Credit Rating and Outlook - Zhongzheng Pengyuan maintains the company's credit rating at AA- with a negative outlook, and the credit rating for "Jiangshan Convertible Bonds" is also retained at AA- [2]. - The rating results are valid from July 15, 2025, until the maturity of the "Jiangshan Convertible Bonds" [2]. - The company will closely monitor the impact of the board member's resignation on its operations and management, as well as any potential effects on its credit ratings [2].

| 证券代码：603208 | 证券简称：江山欧派 | 公告编号：2025-037 | | --- | --- | --- | | 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 关于评级机构将公司及公司可转债列入关注 的公告 鉴于公司董事离任事项，中证鹏元决定将公司及公司可转债列入关注。 中证鹏元将密切关注本次董事离任对公司经营及管理的影响，并持续跟踪上 述事项进展对公司主体信用等级、评级展望以及"江山转债"信用等级可能产生 的影响。 具体内容详见同日披露在上海证券交易所网站（www.sse.com.cn）的《中证 鹏元关于关注江山欧派门业股份有限公司董事离任事项的公告》。 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。 特此公告。 江山欧派门业股份有限公司（以下简称 "公司"）于 2025 年 7 月 15 日收到 公司可转换公司债券评级机构中证鹏元资信评估股份有限公司（以下简称"中证 鹏元"）出具的《中证鹏元关于关注江山欧派门业股份有限公司董事离任事项的 公告》（中证鹏元公告【2025】 ...

中证鹏元资信评估股份有限公司 中证鹏元公告【2025】339 号 中证鹏元关于关注江山欧派门业股份有限公司 董事离任事项的公告 中证鹏元资信评估股份有限公司（以下简称"中证鹏元"）对江 山欧派门业股份有限公司（以下简称"江山欧派"或"公司"，股票 代码：603208.SH）及其发行的下述债券开展评级。除评级委托关系 外，中证鹏元及评级从业人员与公司不存在任何足以影响评级行为独 立、客观、公正的关联关系。 | 债券简称 | 上一次评级时间 | 上一次评级结果 | | | | --- | --- | --- | --- | --- | | | | 主体等级 | 债项等级 | 评级展望 | | 江山转债 | 2025-6-26 | AA- | AA- | 负面 | 根据公司于 2025 年 7 月 10 日发布的《江山欧派门业股份有限公 司关于公司董事离任的公告》（以下简称"公告"），公司董事、副 董事长、总经理王忠先生（系实控人吴水根先生之大妹夫，公司第二 大股东）因个人原因于 2025 年 7 月 8 日离任，公司将按照相关程序 尽快补选董事及聘任总经理。公司总经理空缺期间，由董事长吴水根 先生代行总经理职责， ...

Group 1 - The company expects to achieve a net profit attributable to shareholders of the parent company between 8.50 million and 11.50 million yuan for the first half of 2025, representing a decrease of 89.04% to 91.90% compared to the same period last year [1][2] - The company anticipates a net profit attributable to shareholders of the parent company, after deducting non-recurring gains and losses, to be between -30.00 million and -20.00 million yuan, a decline of 124.10% to 136.15% compared to the previous year's figure of 82.99 million yuan [1][2] - The estimated operating revenue for the first half of 2025 is approximately 860 million yuan, with the decline in profit attributed to the overall downturn in the industry market, changes in revenue structure, and a decrease in gross profit margin [2]

[Key Highlights](index=1&type=section&id=Key%20Highlights) The company anticipates a significant decline in net profit for the first half of 2025, exceeding 50% year-on-year - This earnings forecast applies to a profitable scenario, but net profit is expected to decrease by over **50%** compared to the same period last year[3](index=3&type=chunk) Key Performance Indicators for H1 2025 Earnings Forecast | Indicator | H1 2025 Estimated (million yuan) | H1 2024 Prior Period (million yuan) | Year-on-Year Change (million yuan) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | :--- | | Net Profit Attributable to Parent | 8.50 - 11.50 | 104.93 | -93.43 - -96.43 | -89.04% - -91.90% | | Non-recurring Net Profit Attributable to Parent | -30.00 - -20.00 | 83.00 | -103.00 - -113.00 | -124.10% - -136.15% | [Current Period Earnings Forecast](index=1&type=section&id=Current%20Period%20Earnings%20Forecast) This section details the forecast period, specific financial data, and the unaudited nature of the preliminary results [Earnings Forecast Period](index=1&type=section&id=%28I%29%20Earnings%20Forecast%20Period) The earnings forecast covers the company's half-year operating performance from January 1 to June 30, 2025 - The earnings forecast period is from January 1, 2025, to June 30, 2025[4](index=4&type=chunk) [Specific Earnings Forecast Data](index=1&type=section&id=%28II%29%20Specific%20Earnings%20Forecast%20Data) The company projects a substantial year-on-year decline in both net profit and non-recurring net profit for the first half of 2025 Detailed H1 2025 Earnings Forecast Data | Indicator | H1 2025 Estimated (million yuan) | H1 2024 Prior Period (million yuan) | Year-on-Year Change (million yuan) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | :--- | | Net Profit Attributable to Parent | 8.50 - 11.50 | 104.93 | -93.43 - -96.43 | -89.04% - -91.90% | | Non-recurring Net Profit Attributable to Parent | -30.00 - -20.00 | 83.00 | -103.00 - -113.00 | -124.10% - -136.15% | [Unaudited Earnings Forecast Data](index=2&type=section&id=%28III%29%20Unaudited%20Earnings%20Forecast%20Data) This period's earnings forecast data is a preliminary estimate by the finance department and remains unaudited - The earnings forecast data for this period is unaudited by a certified public accountant[7](index=7&type=chunk) [Prior Period Operating Performance and Financial Position](index=2&type=section&id=Prior%20Period%20Operating%20Performance%20and%20Financial%20Position) This section provides a comparative overview of the company's key financial metrics for the first half of the previous year H1 2024 Prior Period Operating Performance and Financial Position | Indicator | H1 2024 Prior Period (million yuan) | | :--- | :--- | | Total Profit | 117.90 | | Net Profit Attributable to Parent | 104.93 | | Non-recurring Net Profit Attributable to Parent | 83.00 | | Earnings Per Share (yuan) | 0.60 | [Main Reasons for Performance Decline](index=2&type=section&id=Main%20Reasons%20for%20Performance%20Decline) Performance decline is primarily attributed to reduced revenue, shifts in revenue structure, and a decrease in gross margin - The company expects to achieve operating revenue of approximately **860.00 million yuan** for January-June 2025[10](index=10&type=chunk) - The primary reasons for the year-on-year profit decline include a decrease in revenue due to overall market downturn, changes in revenue structure, and a year-on-year decrease in gross margin[10](index=10&type=chunk) [Risk Warning](index=2&type=section&id=Risk%20Warning) The earnings forecast is preliminary and unaudited, with no material uncertainties affecting its accuracy identified - This earnings forecast is a preliminary calculation by the company's finance department and has not been audited by a certified public accountant[11](index=11&type=chunk) - The company anticipates no material uncertainties that would affect the accuracy of this earnings forecast[11](index=11&type=chunk) [Other Explanatory Matters](index=2&type=section&id=Other%20Explanatory%20Matters) Preliminary data will be superseded by the official half-year report; investors are advised to exercise caution regarding investment risks - The forecast data is a preliminary calculation, and the final financial data will be subject to the company's officially disclosed 2025 half-year report[12](index=12&type=chunk) - Investors are kindly reminded to exercise caution regarding investment risks[12](index=12&type=chunk)