Core Insights - The overall performance of nine listed custom home furnishing companies in 2024 has been under pressure, with significant fluctuations in both revenue and profit [1][2] Revenue Summary - Oppein Home remains the industry leader with a revenue of 18.925 billion, but it has seen a year-on-year decline of 16.93%, marking a recent low [1][2] - Gold Medal Home showed resilience with a revenue decline of only 4.68% [1][2] - Other companies experienced double-digit revenue declines, with PIANO facing the largest drop at 32.68% [1][2] Profit Summary - Only Sophia achieved a year-on-year profit growth of 8.69%, while other companies generally faced profit declines or losses [1][3] - Shangpin Home, PIANO, and Dinggu Jichuang reported net losses of 215 million, 375 million, and 175 million respectively, with loss margins expanding significantly [1][3] Company-Specific Performance - Oppein Home's net profit was 2.599 billion, down 14.38% year-on-year, while it continues to advance its "retail home furnishing" strategy [2][3] - Sophia's revenue was 10.494 billion, down 10.04%, but it managed to maintain profitability with a net profit of 1.371 billion [3] - Zhibang Home reported a revenue of 5.258 billion, down 14.04%, and a net profit of 385 million, down 35.23% [3] - Gold Medal Home's revenue was 3.475 billion, down 4.68%, with a net profit of 199 million, down 31.76% [4] - Haolaike's revenue was 1.910 billion, down 15.69%, with a net profit of 89 million, down 62.93% [4] - Wole Home's revenue was 1.432 billion, down 16.29%, with a net profit of 121 million, down 22.50% [4] - PIANO's revenue was 0.886 billion, down 32.68%, with a net loss of 375 million, expanding by 535.88% [5] - Dinggu Jichuang's revenue was 1.027 billion, down 20.06%, with a net loss of 175 million, expanding by 982.54% [5] Industry Outlook - Despite the overall pressure in the custom home furnishing industry in 2024, there is potential for moderate recovery in 2025 due to ongoing policy optimizations in the real estate sector and the release of demand for home renovations [5]

中国经济网北京5月12日讯我乐家居（603326）(603326.SH)昨晚披露的股东减持股份计划公告显示，公 司股东南京开盛咨询管理合伙企业(有限合伙)(以下简称"开盛咨询")计划自公告日起15个交易日后的3个 月内通过集中竞价方式减持不超过1,542,528股，即不超过公司总股本的0.4778%(根据中国证监会及上海 证券交易所相关规定禁止减持的期间除外)，并保证任意连续90个自然日内通过集中竞价交易方式减持 股份总数不超过公司总股本的1%，减持价格按照市场价格确定。 | 股东名称 | 南京开盛咨询管理合伙企业(有限合伙) | | --- | --- | | 计划减持数量 | 不超过:1,542,528 股 | | 计划减持比例 | 不超过:0.4778% | | 减持方式及对应减持数量 | 集中竞价减持,不超过:1,542,528 股 | | 减持期间 | 2025年6月3日~2025年9月2日 | | 拟减持股份来源 | IP0 前取得 | | 拟减持原因 | 合伙人资金需求 | 2024年，公司实现营业收入14.32亿元，同比下降16.29%；归属于上市公司股东的净利润1.21亿元，同 比下降22. ...

Group 1 - Baichuan Energy plans to reduce its shareholding by up to 26.82 million shares, accounting for 2% of the total share capital, due to personal investment and funding needs [1] - Jinhong Gas intends to distribute a cash dividend of 1.00 yuan per 10 shares, with the record date on May 15, 2025 [2] - Jiahe Meikang's shareholder plans to reduce its stake by up to 1% of the total share capital due to liquidity needs [2][3] Group 2 - Jiadu Technology will cancel 10.20 million repurchased shares, reducing its total share capital from 2.143 billion shares to 2.133 billion shares [4] - ILE Home's shareholder plans to reduce its stake by up to 154,250 shares, accounting for 0.4778% of the total share capital, due to funding needs [5] - Lai Yifen has fully removed related batches of its honey date dumpling products from shelves due to consumer health concerns [6][7] Group 3 - CATL's vice chairman Li Ping and spouse plan to donate 4.05 million shares to Fudan University for establishing a research fund, reducing Li Ping's shareholding from 4.58% to 4.48% [8] - Shuanghuan Transmission's shareholders completed their reduction plan, selling a total of 6.69 million shares, accounting for 0.789% of the total share capital [9] - Chengfei Integration reported no significant changes in its business operations or external environment despite stock price fluctuations [10] Group 4 - Guizhou Tire's controlling shareholder plans to increase its stake by no less than 50 million yuan and no more than 100 million yuan within six months [11] - *ST Youshu's application to revoke the delisting risk warning has been approved, and its stock will resume trading under a new name [13] - Jingwei Huikai's shareholders plan to reduce their stake by up to 3% of the total share capital due to funding needs [14] Group 5 - Hualan Biological's major shareholder plans to reduce its stake by up to 3% of the total share capital due to funding needs [15] - Huyou Pharmaceutical's shareholder plans to reduce its stake by up to 2.997% of the total share capital due to funding needs [16] - Dongpeng Holdings' shareholders plan to reduce their stake by up to 1.5% of the total share capital due to funding needs [17] Group 6 - Keleke's controlling shareholder plans to reduce its stake by up to 3% of the total share capital due to funding needs [18] - Dongfang Ocean's major shareholder plans to reduce its stake by 1% of the total share capital due to investor redemption requests [19] - Yisheng Shares reported a sales revenue of 141 million yuan from white feather chicken seedlings in April, with a year-on-year decrease of 7.28% [20] Group 7 - Qujiang Cultural Tourism's controlling shareholder's 12 million shares are set to be auctioned due to contractual disputes, representing 4.70% of the total share capital [21] - Duople's shareholder plans to reduce its stake by up to 123,800 shares, accounting for 2% of the total share capital, due to personal funding needs [22][23]

证券代码：603326 证券简称：我乐家居 公告编号：2025-024 南京我乐家居股份有限公司 本公司董事会、全体董事及相关股东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： ? 股东持股的基本情况 截至本公告披露日，南京我乐家居股份有限公司（以下简称"公司"）股东 南京开盛咨询管理合伙企业（有限合伙） （以下简称"开盛咨询"）持有公司股份 ? 减持计划的主要内容 开盛咨询计划自本公告日起 15 个交易日后的 3 个月内通过集中竞价方式减 持不超过 1,542,528 股，即不超过公司总股本的 0.4778%（根据中国证监会及上 海证券交易所相关规定禁止减持的期间除外），并保证任意连续 90 个自然日内通 过集中竞价交易方式减持股份总数不超过公司总股本的 1%，减持价格按照市场 价格确定。 一、减持主体的基本情况 股东名称 南京开盛咨询管理合伙企业（有限合伙） 控股股东、实控人及一致行动人 √是 □否 直接持股 5%以上股东 □是 √否 股东身份 董事、监事和高级管理人员 □是 √否 其他：不适用 持股数量 4,886,700股 ...

证券代码：603326 证券简称：我乐家居 公告编号：2025-024 南京我乐家居股份有限公司 股东减持股份计划公告 本公司董事会、全体董事及相关股东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： | 股东名称 | 南京开盛咨询管理合伙企业（有限合伙） | | | --- | --- | --- | | 股东身份 | 控股股东、实控人及一致行动人 直接持股 5%以上股东 | √是 □否 □是 √否 | | | 董事、监事和高级管理人员 | □是 √否 | | | 其他：不适用 | | | 持股数量 | 4,886,700股 | | | 持股比例 | 1.5137% | | | 当前持股股份来源 | IPO 前取得：4,886,700股 | | 一、减持主体的基本情况 股东持股的基本情况 截至本公告披露日，南京我乐家居股份有限公司（以下简称"公司"）股东 南京开盛咨询管理合伙企业（有限合伙）（以下简称"开盛咨询"）持有公司股份 4,886,700 股，占公司总股本的 1.5137%，上述股份来源为 IPO 前取得的股份。 上述减持主 ...

Investment Rating - The report indicates a positive outlook for the home furnishing sector, driven by domestic consumption stimulus and the gradual recovery of retail channels [1]. Core Insights - The report highlights that the domestic consumption stimulus is beginning to show effects, with a notable recovery in retail channels, while export conditions are experiencing marginal declines [1][3]. - The performance of leading companies in the home furnishing sector is improving, particularly in the context of national subsidies and strategic adjustments [1][3]. Summary by Sections 1. Home Furnishing - Domestic sales show signs of recovery with a year-on-year revenue change of -12.44% in Q4 2024 and +1.75% in Q1 2025, while net profit for the same periods changed from -54.11% to +7.07% [13]. - Export performance for the furniture sector saw a cumulative year-on-year increase of +5.8% for 2024 but a decline of -8.0% in Q1 2025, indicating a downward trend in export conditions [13]. - The report anticipates that the domestic market will continue to recover in the short term due to national subsidy policies, while the export market may face ongoing pressures [13]. 1.1 Domestic - Custom Home Furnishing - Retail channels are showing marginal improvements, while bulk channels remain under pressure, with leading companies like Oppein and Sophia experiencing reduced revenue declines in Q1 2025 compared to previous quarters [20]. - The profitability of leading companies is improving, with a focus on cost control and product development, while second and third-tier brands may struggle to maintain performance [26]. - Prepayment and cash flow indicators show improvements for some leading companies, suggesting a gradual recovery in demand [38]. 1.2 Domestic - Soft Home Furnishing - The soft home furnishing sector is under pressure due to real estate downturns and changing consumer spending patterns, but companies like Kuka and Mengbaihe are showing signs of recovery [39]. - Profit margins are improving in Q1 2025 compared to 2024, with notable changes in gross and net profit margins across leading companies [44]. - Prepayment figures for soft home furnishing companies are showing positive growth, indicating a recovery in domestic demand [46]. 1.3 Export Home Furnishing - The overall export climate is declining, with a significant drop in cumulative export value in Q1 2025, reflecting challenges in the international market [51][53]. - Despite the overall decline, leading companies are still managing to perform well, showcasing resilience and strategic advantages [51].

2024 年年度股东大会会议资料 南京我乐家居股份有限公司 2024 年年度股东大会会议资料 2025 年 5 月 16 日 2024 年年度股东大会会议资料 目 录 | 2024 年年度股东大会会议须知 | 2 | | | --- | --- | --- | | 2024 年年度股东大会会议议程 4 | | | | 议案一：关于 2024 年年度报告及摘要的议案 | | 6 | | 议案二：关于 2024 年度董事会工作报告的议案 | | 7 | | 议案三：关于 2024 年度监事会工作报告的议案 | | 14 | | 议案四：关于 2024 年度财务决算报告的议案 | | 17 | | 议案五：关于 2024 年度利润分配预案的议案 | | 21 | | 议案六：关于董事 2025 年度薪酬事项的议案 | | 24 | | 议案七：关于 2025 年度公司与子公司互相提供融资担保的议案 | | 25 | | 议案八：关于 2025 年度为公司工程代理商提供担保预计的议案 | | 26 | | 议案九：关于使用闲置自有资金进行委托理财的议案 | | 27 | | 议案十：关于续聘 2025 年度会计师事务 ...

证券代码：603326 证券简称：我乐家居 公告编号：2025-023 南京我乐家居股份有限公司 关于 2025 年第一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个别及连带责任。 | 销售渠道 | 营业收入 | 营业成本 | 毛利率 | 营业收入比 | 营业成本比上 | 毛利率比上年增减 | | --- | --- | --- | --- | --- | --- | --- | | | | | （%） | 上年增减（%） | 年增减（%） | | | 经销店 | 25,053.39 | 14,023.20 | 44.03 | 29.46 | 38.14 | 减少 3.51 个百分点 | | 直营店 | 5,723.04 | 2,288.54 | 60.01 | 50.47 | 73.06 | 减少 5.22 个百分点 | | 大宗业务 | 430.37 | 456.34 | -6.03 | -90.41 | -88.58 | 减少 16.94 个百分点 | | 其他 | 566.74 | 408.28 | 2 ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 317,735,379.56, representing a 12.83% increase compared to CNY 281,616,824.84 in the same period last year[5]. - Net profit attributable to shareholders increased by 111.42% to CNY 40,148,206.99 from CNY 18,989,428.84 year-on-year[5]. - The net profit after deducting non-recurring gains and losses surged by 1,846.19% to CNY 39,038,336.10 from CNY 2,005,886.79 in the previous year[5]. - Basic and diluted earnings per share rose by 114.31% to CNY 0.1258 from CNY 0.0587 year-on-year[5]. - The weighted average return on equity increased to 3.31% from 1.64% in the same period last year, reflecting improved profitability[5]. - The company's total profit for Q1 2025 was ¥49,382,493.83, significantly higher than ¥21,897,542.25 in Q1 2024, marking an increase of 125.5%[24]. Asset and Equity Changes - Total assets decreased by 11.94% to CNY 2,203,000,908.25 compared to CNY 2,501,670,016.59 at the end of the previous year[5]. - Shareholders' equity attributable to the parent company declined by 1.91% to CNY 1,192,520,192.02 from CNY 1,215,722,196.03 at the end of the last fiscal year[5]. - The total current assets decreased to CNY 780,775,912.39 from CNY 1,020,005,691.05, representing a reduction of about 23.5%[18]. - The company's equity attributable to shareholders decreased to CNY 1,192,520,192.02 from CNY 1,215,722,196.03, reflecting a decline of approximately 1.9%[20]. - The company reported a decrease in total non-current assets to CNY 1,422,224,995.86 from CNY 1,481,664,325.54, reflecting a decline of approximately 4%[18]. Cash Flow and Liabilities - The net cash flow from operating activities was negative at CNY -153,241,705.10, worsening from CNY -84,971,485.35 in the previous year[5]. - Total liabilities decreased to CNY 1,010,480,716.23 from CNY 1,285,947,820.56, a reduction of about 21.4%[20]. - Cash flow from operating activities showed a net outflow of ¥153,241,705.10 in Q1 2025, worsening from a net outflow of ¥84,971,485.35 in Q1 2024[29]. - Cash flow from financing activities resulted in a net outflow of ¥83,763,606.16 in Q1 2025, contrasting with a net inflow of ¥80,125,021.08 in Q1 2024[30]. Inventory and Accounts Payable - The inventory level decreased to CNY 83,525,577.78 from CNY 100,171,729.85, a decrease of about 16.6%[18]. - The accounts payable decreased to CNY 113,041,566.62 from CNY 139,750,028.18, indicating a decline of approximately 19.3%[19]. - The contract liabilities decreased significantly to CNY 235,108,952.00 from CNY 375,359,169.98, a reduction of about 37.4%[19]. Investment and Research Expenses - The company held large certificates of deposit, generating investment income of CNY 1,960,312.48, indicating a sustainable income source[11]. - Research and development expenses decreased to ¥8,536,048.44 in Q1 2025 from ¥15,769,230.06 in Q1 2024, a reduction of 45.9%[24].

Market Overview - The Shanghai Composite Index closed at 3295.06 points, slightly below the five-day moving average, with a change of -0.07% [1] - The total trading volume of A-shares reached 1,137.01 billion yuan [1] Stocks Performance - A total of 514 A-shares have surpassed the five-day moving average today [1] - Notable stocks with significant deviation rates include: - Jiuzhou Group (300040) with a deviation rate of 14.05% and a daily increase of 19.97% [1] - Zhejiang Huayuan (301535) with a deviation rate of 9.07% and a daily increase of 17.75% [1] - Nanguo Real Estate (002305) with a deviation rate of 7.92% and a daily increase of 10.32% [1] Detailed Stock Data - The following stocks have notable performance metrics: - Jiuzhou Group: Latest price 7.81 yuan, five-day moving average 6.85 yuan, turnover rate 43.12% [1] - Zhejiang Huayuan: Latest price 20.90 yuan, five-day moving average 19.16 yuan, turnover rate 58.83% [1] - Nanguo Real Estate: Latest price 1.39 yuan, five-day moving average 1.29 yuan, turnover rate 3.51% [1] - Other stocks with significant increases include: - Pulaia (603605) with a 10% increase and a deviation rate of 7.86% [1] - Fangda Group (000055) with a 9.95% increase and a deviation rate of 7.53% [1]