证券代码：603313 证券简称：梦百合 公告编号：2025-041 梦百合家居科技股份有限公司 第五届董事会第一次会议决议公告 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。 一、董事会会议召开情况 梦百合家居科技股份有限公司（以下简称"公司"）第五届董事会第一次会议通知 于 2025 年 5 月 14 日以邮件形式发出，会议于 2025 年 5 月 16 日以现场与通讯相结合的 方式在公司综合楼会议室召开。会议应出席董事 8 名，实际出席董事 8 名，其中公司董 事长倪张根先生、独立董事戴力农女士因公出差以通讯方式参加，由过半数的董事共同 推举董事张红建先生主持本次董事会，公司审计委员会委员及高级管理人员列席了会议， 符合《公司法》和《公司章程》的规定。 二、董事会会议审议情况 1、审议通过了《关于选举第五届董事会董事长的议案》。 同意选举倪张根先生担任公司第五届董事会董事长，任期自本次董事会审议通过之 日起至第五届董事会届满之日止。 同意 8 票、反对 0 票、弃权 0 票。 2、审议通过了《关于选举第五届董事会专门委员 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 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、准确性和完整性依法承担法律责任。 重要内容提示： ● 回购股份金额：不低于人民币0.85亿元（含），不超过人民币1.70亿元（含）。 ● 回购股份资金来源：梦百合家居科技股份有限公司（以下简称"公司"）自有资金及回购专项贷款。公 司已取得上海浦东发展银行股份有限公司嘉定支行（以下简称"浦发银行嘉定支行"）出具的《贷款承诺 函》，浦发银行嘉定支行承诺给予公司不超过人民币1.50亿元的股票回购专项贷款，具体股票回购专项 贷款提用金额不得高于股票回购资金的90%。该《贷款承诺函》有效期至2026年5月7日。 ● 回购股份用途：本次回购股份将用于员工持股计划或者股权激励。若公司未能在股份回购实施结果暨 股份变动公告日后3年内转让完毕已回购股份，未转让的已回购股份将履行相关程序予以注销。 证券代码：603313 证券简称：梦百合 公告编号：2025-038 梦百合家居科技股份有限公司 关于以集中竞价交易方式回购股份的 回购报告书 ● 回购股份价格：不超过人民币10.90 ...

Group 1 - Shengyi Electronics plans to repurchase shares with a total amount between 50 million and 100 million yuan, at a price not exceeding 43.02 yuan per share, for employee stock ownership plans [1] - Guoyao Modern's subsidiary has passed the consistency evaluation for the quality and efficacy of a generic drug, which is used for treating severe infections [1] - Tianhe Magnetic Materials' subsidiaries have obtained project filing notices for high-performance rare earth permanent magnet projects, with total investments of 100 million yuan and 50 million yuan respectively [1][2] Group 2 - Dream Lily intends to repurchase shares with an amount between 85 million and 170 million yuan, at a price not exceeding 10.90 yuan per share, supported by a loan commitment of up to 150 million yuan [3] - Weifu High-Tech has received a loan commitment of up to 135 million yuan from a financial institution for share repurchase [3] Group 3 - Lu'an Environmental Energy reported a coal sales volume of 4.51 million tons in April, a year-on-year increase of 17.75% [5] - *ST Tianshan reported a significant decline in livestock sales and revenue, with a revenue of 70,500 yuan in April, down 95.68% year-on-year [7] Group 4 - Feirongda announced a cash dividend of 0.38 yuan per 10 shares, with a total distribution of 21.9 million yuan [8] - Zhejiang Rongtai's shareholders and executives plan to reduce their holdings by up to 1.93% of the company's shares [9] Group 5 - Changhua Group's subsidiary won the land use rights for an industrial site in Ningbo for 27.05 million yuan, intended for manufacturing and related business [11] - Zejing Pharmaceutical's new drug application for a treatment for severe alopecia has been accepted by the regulatory authority [13][14] Group 6 - Hainan Mining plans to distribute a cash dividend of 0.8 yuan per 10 shares, totaling 1.59 billion yuan [15] - China Jushi plans to distribute a cash dividend of 0.24 yuan per share, totaling 9.61 billion yuan [16] Group 7 - Zhengzhong Design's subsidiary has obtained a utility model patent for an acrylic signage guide [18] - Rundu Co., Ltd. received approval for a veterinary drug product, which is intended for treating bacterial diseases in livestock [20] Group 8 - Emei Mountain A announced the resignation of its general manager due to work reasons [22] - Tonghua Dongbao's insulin injection has received a registration certificate in Nicaragua, allowing for sales in that market [23] Group 9 - Dizu Fashion's subsidiary has completed the registration of a private equity investment fund [24] - Ningbo Gaofa plans to increase capital by 60 million yuan in its subsidiary for operational needs [26] Group 10 - Haichuan Intelligent has obtained two utility model patents for material handling devices [27] - Newland's subsidiary signed a deep cooperation agreement with Alibaba Cloud for AI model applications [29] Group 11 - Rui Neng Technology's controlling shareholder plans to reduce its stake by up to 2.89% [30] - Guomai Culture intends to repurchase shares between 50 million and 100 million yuan for capital reduction [31] Group 12 - Shaanxi Construction won major construction projects totaling 7.88 billion yuan in April [32] - Hanyu Pharmaceutical signed a joint development agreement for a new peptide drug with a partner [34] Group 13 - Yunnan Copper is planning to acquire a 40% stake in Liangshan Mining, leading to a stock suspension [35] - Haizheng Pharmaceutical plans to repurchase shares between 50 million and 100 million yuan for employee stock ownership [36] Group 14 - Tianqiao Hoisting's controlling shareholder plans to increase its stake by 75 million to 150 million yuan [37] - Tiandi Online's controlling shareholder is transferring shares to introduce a strategic investor [38] Group 15 - Hongchang Technology plans to invest 15 million yuan in a joint venture with a partner [39] - Rabbit Baby's subsidiary is preparing for an IPO in Hong Kong [41] Group 16 - Wol Nuclear Materials is planning to issue H-shares for listing in Hong Kong [42] - Tangyuan Electric plans to raise up to 864 million yuan through a private placement for various projects [43] Group 17 - Tongrun Equipment's major shareholders plan to reduce their holdings by up to 2% [44] - Linzhou Heavy Machinery plans to raise up to 600 million yuan through a private placement [46] Group 18 - China Merchants Securities announced the resignation of its vice president [47] - Shangsheng Electronics plans to issue convertible bonds to raise up to 330 million yuan for various projects [48] Group 19 - Longda Co., Ltd.'s major shareholder plans to reduce its stake by up to 1% [49] - China Medical plans to acquire 100% of Jinsui Technology for 302 million yuan [50] Group 20 - Silek has signed a strategic cooperation agreement with a battery manufacturer [51] - Boyun New Materials' major shareholder plans to reduce its stake by up to 3% [53]

梦百合（SH 603313，收盘价：8元）5月13日晚间发布公告称，梦百合家居科技股份有限公司于2025年 5月9日召开的第四届董事会第二十八次会议审议通过了《关于以集中竞价交易方式回购公司股份方案的 议案》。现将公司2025年5月9日前十大无限售条件股东披露如下：倪张根持约1.94亿股，占比33.97%； 中阅资本管理股份公司－中阅聚焦9号私募证券投资基金持5238万股，占比9.18%；吴晓风持约2216万 股，占比3.88%；华泰证券资管－江苏信托－创富2号单一资金信托－华泰尊享稳进98号单一资产管理 计划持约1892万股，占比3.32%；中国工商银行股份有限公司－华安安康灵活配置混合型证券投资基金 持约763万股，占比1.34%；杭州哲云私募基金管理有限公司－哲云鸿泰私募证券投资基金持约529万 股，占比0.93%；湖南长心私募基金管理有限公司－长心长流私募证券投资基金持420万股，占比 0.74%；兴业银行股份有限公司－华安兴安优选一年持有期混合型证券投资基金持约358万股，占比 0.63%；刘冬梅持约321万股，占比0.56%；杭州哲云私募基金管理有限公司－哲云恒泰私募证券投资基 金持约302万股， ...

证券代码：603313 证券简称：梦百合 公告编号：2025-038 梦百合家居科技股份有限公司 关于以集中竞价交易方式回购股份的回购报告书 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、准确性和完整性依法承担法律责任。 重要内容提示： ● 回购股份金额：不低于人民币 0.85 亿元（含），不超过人民币 1.70 亿元 （含）。 ● 回购股份资金来源：梦百合家居科技股份有限公司（以下简称"公司"） 自有资金及回购专项贷款。公司已取得上海浦东发展银行股份有限公司嘉定支行 （以下简称"浦发银行嘉定支行"）出具的《贷款承诺函》，浦发银行嘉定支行承 诺给予公司不超过人民币 1.50 亿元的股票回购专项贷款，具体股票回购专项贷款 提用金额不得高于股票回购资金的 90%。该《贷款承诺函》有效期至 2026 年 5 月 7 日。 ● 回购股份用途：本次回购股份将用于员工持股计划或者股权激励。若公司 未能在股份回购实施结果暨股份变动公告日后 3 年内转让完毕已回购股份，未转 让的已回购股份将履行相关程序予以注销。 ● 回购股份价格：不超过人民币 10.90 元/股（含） ...

梦百合家居科技股份有限公司 关于回购股份事项前十大股东和前十大无限售条件股东 证券代码：603313 证券简称：梦百合 公告编号：2025-037 持股情况的公告 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。 上述事项已经公司三分之二以上董事出席的董事会审议通过，无需提交公司 股东会审议。 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》等法律、法规及规范性文件的规定，现将董事会公告回购股份 决议的前一个交易日（即 2025 年 5 月 9 日）登记在册的前十大股东和前十大无 限售条件股东的名称及持股数量、比例情况公告如下： | 序号 | 股东名称 | 持股数量（股） | 持股比例（%） | | --- | --- | --- | --- | | 1 | 倪张根 | 193,831,195 | 33.97 | | 2 | 中阅资本管理股份公司－中阅聚焦 9 号 私募证券投资基金 | 52,380,000 | 9.18 | | 3 | 吴晓风 | 22,157,552 | 3.88 | | ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for future investment returns [5]. Core Views - The company plans to repurchase shares for employee stock ownership plans, signaling confidence in long-term development [1][2]. - The trend of mattress manufacturing returning to the U.S. continues due to anti-dumping tariffs and trade policies, impacting imports from various countries including China [2][3]. - The company's operational efficiency in U.S. production bases is improving, with profitability achieved in 2024, and the North American market is expected to contribute significantly to profits [3]. - Domestic consumption stimulus policies are being enhanced, and the company is diversifying its sales channels, which is likely to improve its competitiveness and brand influence in the domestic market [3]. - The report forecasts a profit turnaround, with projected net profits of 307 million, 464 million, and 573 million yuan for 2025, 2026, and 2027 respectively, alongside corresponding EPS of 0.54, 0.81, and 1.00 yuan [3][10]. Summary by Sections Share Repurchase - The company intends to repurchase shares worth 0.85 to 1.7 billion yuan at a maximum price of 10.90 yuan per share, which will account for 1.37% to 2.73% of the total share capital [1][2]. Market Trends - The U.S. has implemented multiple rounds of anti-dumping tariffs on mattresses, leading to a significant decrease in imports, with a projected decline of 12.7% and 9.6% in 2023 and 2024 respectively [2]. - The continuation of high anti-dumping tariffs on Chinese mattresses indicates a sustained trend of "de-China" and manufacturing returning to the U.S. [2]. Financial Projections - The report projects revenue growth from 7.976 billion yuan in 2023 to 12.725 billion yuan in 2027, with a compound annual growth rate of approximately 14.33% [10]. - The company is expected to achieve a gross profit margin of around 38.4% by 2027, indicating stable profitability [12]. Profitability and Valuation - The report anticipates a significant increase in net profit margins, with a forecasted return on equity (ROE) of 11.87% by 2027 [12]. - The price-to-earnings (P/E) ratio is projected to decrease from 42 in 2023 to 8 by 2027, suggesting an attractive valuation as earnings improve [13].

Core Viewpoint - The company plans to repurchase shares through a centralized bidding method, with an amount ranging from 85 million to 170 million yuan, and a maximum repurchase price of 10.90 yuan per share [3][4]. Group 1: Share Repurchase - The repurchased shares will be used for employee stock ownership plans or equity incentives, aiming to enhance the long-term incentive mechanism and boost employee motivation, thereby promoting sustainable development of the company [4]. Group 2: Industry Trends - The trend of mattress manufacturing returning to the U.S. continues, driven by anti-dumping and tariff policies. The U.S. has imposed high anti-dumping tax rates on mattresses from various countries, including China, Vietnam, Mexico, and Indonesia, with a significant decrease in mattress imports expected [5]. - The U.S. International Trade Commission (ITC) announced the continuation of the highest anti-dumping tax rate of up to 1732% on Chinese mattresses, extending the policy for at least another five years [5]. Group 3: Performance Outlook - The company's production efficiency in U.S. manufacturing bases is steadily improving, with profitability achieved in 2024. The ongoing development of online business and retail channel clients is expected to enhance profit contributions from the North American market [6]. - In the domestic market, the company is advancing store upgrades and channel diversification, integrating various brands to create a one-stop home furnishing consumption scenario, which is anticipated to enhance competitiveness and brand influence [6].

Core Viewpoint - A total of 19 listed companies announced share buybacks, increases, and related loan situations during the week of May 5 to May 11, with China Nuclear Power obtaining a loan of up to 450 million yuan for stock repurchase [1][2]. Summary by Category Share Buyback Announcements - Guizhou Tire plans to increase holdings by 50 million to 100 million yuan with a loan of no more than 90 million yuan [2] - Dream Lily intends to repurchase shares worth 85 million to 170 million yuan with a loan of up to 150 million yuan [2] - Sichuan Changhong aims to repurchase shares worth 250 million to 500 million yuan for equity incentives [2] - Changhong Huayi plans to repurchase shares worth 150 million to 300 million yuan with a loan not exceeding 270 million yuan [2] - Linglong Tire's controlling shareholder intends to increase holdings by 200 million to 300 million yuan with a loan of no more than 270 million yuan [2] - China Nuclear Power plans to repurchase shares worth 300 million to 500 million yuan with a loan of up to 450 million yuan [2] - Longfly Fiber plans to repurchase shares worth 160 million to 320 million yuan with a loan of no more than 288 million yuan [2] - Baiao Chemical intends to repurchase shares worth 200 million to 400 million yuan with a loan of up to 360 million yuan [2] - Sanhuan Group plans to repurchase shares worth 150 million to 200 million yuan with a loan of no more than 180 million yuan [2] - Zhiyuan New Energy intends to repurchase 1.5 million to 3 million shares with a loan of up to 50 million yuan [2] - Keda Guokuan plans to repurchase shares worth 20 million to 40 million yuan with a loan of up to 36 million yuan [2] - Demais plans to repurchase shares worth 50 million to 100 million yuan with a loan of up to 90 million yuan [2] - Yongji Shares intends to repurchase shares worth 50 million to 100 million yuan with a loan of up to 90 million yuan [2] - Yinlun Shares plans to repurchase shares worth 50 million to 100 million yuan with a loan of up to 90 million yuan [2] - Hualu Hengsheng intends to repurchase shares worth 200 million to 300 million yuan with a loan of no more than 270 million yuan [2] - Vanadium Titanium Shares plans to increase holdings by 50 million to 100 million yuan with a loan of up to 90 million yuan [2] - Fuchuang Precision intends to increase holdings by 120 million to 240 million yuan with a loan of no more than 200 million yuan [2]

事件：公司拟以集中竞价方式回购股份，金额0.85~1.7 亿元，回购价格不超过10.90 元/股。 制造回流美国本土及刺激内需背景下，业绩弹性释放可期：一方面，公司美国生产基地运营效率稳步提 升，美东、美西生产基地已逐步实现美国床垫市场的本土化供应，24 全年已实现盈利，伴随美国线上 业务的持续发力以及大型连锁商超等零售渠道客户的开发，北美市场的利润贡献有望凸显；另一方面， 国内消费补贴政策加码，公司持续推进店态升级与渠道多元化，通过MLILY 梦百合、NISCO里境和 VALUE 榀至品牌及品类的融合，打造一站式全屋家居消费场景，有望不断提升国内市场竞争力和品牌 影响力，我们看好公司后续业绩弹性的释放。 利润拐点已现，维持"买入"评级：我们维持2025-2027 年归母净利润预测为3.07/4.64/5.73 亿元，2025- 2027 年对应EPS 分别为0.54/0.81/1.00 元，当前股价对应2025-2027 年PE 分别为15/10/8 倍。我们认为公 司充分计提信用减值后资产质量已得以提升，看好制造业回流美国本土及刺激内需背景下，公司的利润 弹性释放，维持"买入"评级。 风险提示：内需刺激政 ...