Core Viewpoint - On the evening of September 2, the company announced that it did not conduct any share repurchase in August 2025 [1] Group 1 - The company, Lianxiang Co., Ltd. (603272), released an announcement regarding its share repurchase activities [1]

格隆汇9月2日丨联翔股份(603272.SH)公布，2025年8月，公司未进行回购。截至2025年8月31日，公司 通过上海证券交易所交易系统以集中竞价交易方式累计回购公司股份1,152,759股，占公司目前总股本 103,627,000股的比例为1.11%，回购成交的最高价为17.20元/股，最低价为13.87元/股，支付的资金总额 为人民币17,490,619.03元（不含交易费用）。 ...

证券代码：603272 证券简称：联翔股份 公告编号：2025-047 浙江联翔智能家居股份有限公司 关于以集中竞价交易方式回购公司股份的进展公告 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。 具体内容详见公司于 2024 年 11 月 15 日和 2024 年 11 月 22 日分别在上海证 券交易所网站（www.sse.com.cn）披露的《关于以集中竞价交易方式回购股份的 方案》（公告编号：2024-075）、《关于以集中竞价交易方式回购股份的回购报告书》 （公告编号：2024-078）和《浙江联翔智能家居股份有限公司关于 2024 年年度权 益分派实施后调整回购价格上限的公告》（公告编号：2025-040）。 二、回购股份的进展情况 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等相关规定，回购股份期间，上市公司应当在每个月的前 3 个 交易日内披露截至上月末的回购进展情况。现将公司回购股份的进展情况公告如 下： 2025 年 8 月，公司未进行回购。 截至 2025 年 8 ...

Core Viewpoint - Lianxiang Co., Ltd. reported a significant revenue growth of 38.72% in the first half of 2025, but underlying operational issues raise concerns about the sustainability of this performance [1][5]. Financial Performance - In 2022, Lianxiang's revenue was 200 million yuan, down 28.48% year-on-year, with a net profit of 36 million yuan, a decline of 45.90% [2]. - By 2023, revenue further decreased to 156 million yuan, a 21.73% drop, and the company reported a net loss of 13 million yuan, a 136.64% decline [2]. - In 2024, Lianxiang's revenue rebounded to 216 million yuan, a 37.83% increase, and net profit turned positive at 10.9 million yuan [5]. - The first half of 2025 saw revenue of 74.39 million yuan, up 38.72%, with a net profit of 0.93 million yuan [1][5]. Business Structure and Growth Drivers - The main business of Lianxiang, which includes wall fabrics and curtains, is closely tied to the real estate market, which is currently under pressure [6]. - The significant growth in revenue is attributed to the expansion of the decoration and renovation business, which previously contributed minimally to overall revenue [5][6]. - In 2024, the renovation business generated 71.45 million yuan, a substantial increase from 8.93 million yuan in 2023, indicating a shift in business focus [6]. Accounts Receivable and Cash Flow Issues - Lianxiang's accounts receivable surged from 3.5 million yuan at the end of 2023 to 69.46 million yuan by the end of 2024, marking an increase of over 18 times [8][11]. - The cash flow situation deteriorated, with a net cash outflow of 14.43 million yuan in 2024, indicating that revenue growth has not translated into actual cash [12][15]. - The company has begun relying on short-term loans, with 10.51 million yuan in short-term borrowings reported in the first half of 2025, the first instance since its IPO [15]. Governance and Regulatory Concerns - The company faced scrutiny from regulators due to issues with financial disclosures and governance, leading to public reprimands for key executives [4]. - Frequent changes in performance forecasts have raised questions about internal governance and financial accuracy [3][4]. Shareholder Sentiment - Major pre-IPO shareholders have begun to reduce their stakes, indicating a lack of confidence in the company's future prospects [16]. - The departure of key financial personnel has also raised concerns about the company's financial management and stability [16].

Group 1 - The board of directors of Zhejiang Lianxiang Intelligent Home Co., Ltd. held its 18th meeting of the third session on August 27, 2025, in accordance with legal requirements [1][2] - The meeting approved the 2025 semi-annual report and its summary, with a unanimous vote of 9 in favor [2] - The board also approved a special report on the storage and use of raised funds for the first half of 2025, also with a unanimous vote of 9 in favor [2] Group 2 - The board approved the cancellation of the supervisory board and the revision of the company's articles of association, with the supervisory board's functions to be assumed by the audit committee of the board [2][4] - The company plans to establish a public opinion management system and a resignation management system, both of which were approved unanimously by the board [5][6] - The board resolved to convene the third extraordinary general meeting of shareholders in 2025, with a unanimous vote of 9 in favor [6]

证券代码：603272 证券简称：联翔股份 公告编号：2025-042 浙江联翔智能家居股份有限公司（以下简称"公司"）第三届监事会第十一次 会议于 2025 年 8 月 27 日在浙江省嘉兴市海盐县东海大道 2887 号以现场方式举 行，于召开会议前依法通知了全体监事，会议通知的时间及方式符合有关法律、 法规、规范性文件以及《浙江联翔智能家居股份有限公司章程》的规定。会议应 到监事 3 人，实到监事 3 人，会议由监事会主席张战峰主持召开。本次监事会会 议的召集、召开程序符合《中华人民共和国公司法》等法律、法规、规范性文件 以及《浙江联翔智能家居股份有限公司章程》的有关规定。 二、 监事会会议审议情况 （一）审议通过《关于公司 2025 年半年度报告及其摘要的议案》 根据中国证券监督管理委员会和上海证券交易所相关规定，公司对 2025 年 编制了《浙江联翔智能家居股份有限公司 2025 年半年度报告》及其摘要。 具体内容详见公司于同日在上海证券交易所网站（www.sse.com.cn）披露的 《浙江联翔智能家居股份有限公司 2025 年半年度报告》及其摘要。 表决情况：3 票同意、0 票反对、0 票弃权。 ...

证券代码：603272 证券简称：联翔股份 公告编号：2025-045 浙江联翔智能家居股份有限公司 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： (三) 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 召开地点：浙江省嘉兴市海盐县武原街道工业新区东海大道 2887 号四楼会 议室。 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 9 月 16 日 至2025 年 9 月 16 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互 联网投票平台的投票时间为股东会召开当日的 9:15-15:00。 本次股东会审议议案及投票股东类型 投票股东类型 会议事规则》的议案 交易管理制度》的议案 担保管理制度》的议案 董事工作制度》的议案 资金管理制度》的议案 控股股东、实际控制人及其关联方占用公 ...

Group 1 - The company will hold its third extraordinary general meeting of shareholders on September 16, 2025, at 14:00 [3][5][19] - The meeting will be conducted using a combination of on-site and online voting methods [3][5][6] - Shareholders must register to attend the meeting, with specific procedures outlined for both individual and corporate shareholders [10][11][12] Group 2 - The company will also hold a half-year performance briefing on September 9, 2025, from 13:00 to 14:00, using an online interactive format [17][19][20] - Investors can submit questions prior to the meeting through a designated website [17][20] - Key company executives, including the chairman and financial director, will participate in the performance briefing [19][21]

Core Viewpoint - The company, Zhejiang Lianxiang Intelligent Home Co., Ltd., has conducted its third board meeting to review and approve the 2025 semi-annual report and related proposals, ensuring compliance with relevant regulations and maintaining transparency in its operations [5][28]. Group 1: Company Overview - The company is identified as Zhejiang Lianxiang Intelligent Home Co., Ltd. with the stock code 603272 [3]. - The board of directors and all members guarantee the truthfulness, accuracy, and completeness of the announcements made [3][26]. Group 2: Financial Data - The company raised a total of RMB 353.37 million from the issuance of 25,906,750 shares at a price of RMB 13.64 per share, with a net amount of RMB 311.99 million after deducting fees [36]. - As of June 30, 2025, the company has utilized RMB 8.59 million of the raised funds for investment projects [40]. Group 3: Board Meeting Resolutions - The board approved the semi-annual report and its summary for the period from January 1 to June 30, 2025, which was prepared in accordance with the regulations of the China Securities Regulatory Commission [5][28]. - The board also approved a special report on the storage and use of raised funds, ensuring compliance with regulatory requirements [8][31]. - A resolution was passed to cancel the supervisory board and amend the company’s articles of association, transferring the supervisory responsibilities to the audit committee of the board [11][51]. Group 4: Fund Management - The company has established a management system for raised funds to ensure their safe and efficient use, complying with relevant laws and regulations [37]. - As of June 30, 2025, the company has maintained a special account for the raised funds, ensuring proper oversight and management [39]. - The company has not engaged in any unauthorized use of raised funds or changes in their intended use during the reporting period [48].

Group 1 - The company, Lianxiang Co., Ltd. (SH 603272), announced its third board meeting on August 27, 2025, discussing the proposal for the third temporary shareholders' meeting of 2025 [1] - For the first half of 2025, the company's revenue composition was as follows: wall fabrics and curtains accounted for 62.95%, renovation business for 30.08%, and other businesses for 6.97% [1] - As of the report date, Lianxiang's market capitalization was 1.9 billion yuan [1]