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一家北方卫浴老厂的43年
吴晓波频道· 2025-07-26 15:36
Core Viewpoint - The article discusses the evolution of Huida, a leading sanitary ware brand in China, over the past 43 years, highlighting its transformation from a local ceramic factory to a global player in the smart bathroom industry, while maintaining its foundational values and adapting to modern challenges. Group 1: Company History and Evolution - Huida was founded in 1982 by Wang Huiwen with an initial investment of 280,000 yuan, becoming one of the first private enterprises in the reform era of China [4] - The company quickly grew to become the largest sanitary ware brand in Northern China and was one of the first to be listed on the A-share market in 2017 [9] - Over the years, Huida has undergone significant transformations, including a shift from export-led to domestic market focus, and from being a supplier to a consumer brand [55] Group 2: Technological Advancements - Huida has embraced smart manufacturing and product innovation, with its 4th factory established in 2018 showcasing advanced automation and production capabilities, achieving an annual output of 1.4 million units [21][25] - The company has developed smart toilets with features such as automatic temperature adjustment and UV sterilization, setting new industry standards for health and safety [30][31] - The production capacity and technological advancements have positioned Huida as a leader in the global smart sanitary ware market, with China accounting for 69% of global production and 64% of sales in recent years [35] Group 3: Market Position and Global Strategy - Huida has established a presence in over 70 countries, contributing to 28% of its total revenue from overseas markets [51] - The company is focused on localizing its products to meet international standards while also innovating based on local consumer needs, enhancing its global competitiveness [37] - The brand aims to transition from a comprehensive sanitary ware company to a "health bathroom expert," addressing consumers' hidden health needs through innovative solutions [59] Group 4: Future Outlook - The company is preparing to navigate challenges such as trade wars and a sluggish real estate market, while also capitalizing on the growing domestic middle class [63][68] - Huida's leadership emphasizes the importance of continuous innovation and adaptation to maintain relevance in a rapidly changing market [71] - The brand's future strategy includes leveraging its technological advancements and strong market position to expand its influence in the global sanitary ware industry [67]
惠达卫浴(603385) - 关于北京居然之家联合投资管理中心(有限合伙)进行清算的公告
2025-07-22 08:00
证券代码:603385 证券简称:惠达卫浴 编号:2025-029 惠达卫浴股份有限公司 关于北京居然之家联合投资管理中心(有限合伙)进行清算 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。 一、基本情况概述 鉴于基金投资期已届满,投资项目全部变现,根据《合伙协议》相关约定, 普通合伙人决定基金进行清算。基金合伙人大会于 2025 年 7 月 21 日作出决议, 基金全体合伙人同意普通合伙人提交审议的《北京居然之家联合投资管理中心 (有限合伙)清算方案》(以下简称"《清算方案》");同意普通合伙人按照 清算方案进行清算分配后,《合伙协议》终止,除普通合伙人、商业咨询以外的 所有有限合伙人签署退伙文件完成退伙。截至投资基金清算基准日(定义见下文), 公司持有投资基金 0.07%的认缴出资额。 二、基金基本情况 基金名称:北京居然之家联合投资管理中心(有限合伙) 惠达卫浴股份有限公司(以下简称"公司"或"本公司")于 2018 年 3 月 6 日签署了《北京居然之家联合投资管理中心(有限合伙)合伙协议》(以下简 称"《合伙 ...
惠达卫浴: 北京浩天律师事务所关于惠达卫浴股份有限公司2025年第一次临时股东会的法律意见书
Zheng Quan Zhi Xing· 2025-07-16 16:08
Core Viewpoint - The legal opinion letter confirms that the procedures for the 2025 first extraordinary general meeting of Huida Sanitary Ware Co., Ltd. comply with relevant laws and regulations, and the voting results are valid and legal [1][4][7]. Group 1: Meeting Procedures - The board of directors notified shareholders of the meeting 15 days in advance, detailing the time, location, and agenda [2][3]. - The meeting was held on July 16, 2025, combining on-site and online voting methods [3][4]. Group 2: Attendance and Qualifications - A total of 151 shareholders and their proxies attended the meeting, representing 257,774,456 shares, which is 67.7168% of the total voting shares [3][5]. - The qualifications of the attendees and the convenor, the board of directors, were confirmed to be legal and valid [5][6]. Group 3: Voting Procedures and Results - The meeting utilized a combination of on-site and online voting, with results verified according to legal and regulatory requirements [6][7]. - The voting results for various proposals showed overwhelming support, with the following key votes: - Amendment to the Articles of Association: 99.7083% in favor [6] - Amendment to the External Investment Management System: 99.7059% in favor [6] - Amendment to the Related Party Transaction Management System: 99.7080% in favor [6] - Amendment to the External Guarantee Management System: 99.6841% in favor [6] - Amendment to the Fundraising Management System: 99.7067% in favor [6] - Amendment to the Selection of Accounting Firms: 99.6957% in favor [6]. Group 4: Conclusion - The legal opinion concludes that all procedures, qualifications, and voting results of the meeting are in compliance with applicable laws and the company's articles of association [7][8].
惠达卫浴(603385) - 北京浩天律师事务所关于惠达卫浴股份有限公司2025年第一次临时股东会的法律意见书
2025-07-16 10:15
2025 年第一次临时股东会的 法律意见书 致:惠达卫浴股份有限公司 北京浩天律师事务所(以下简称"本所")为具有从事法律业务资格的律师事 务所。本所接受惠达卫浴股份有限公司(以下简称"公司")的委托,指派本所律 师根据《中华人民共和国公司法》《中华人民共和国证券法》(以下简称"《证 券法》")《上市公司股东会规则》等有关法律、法规、规范性文件(以下统称"法 律法规")及《惠达卫浴股份有限公司章程》(以下简称"《公司章程》")的规 定,就公司 2025 年第一次临时股东会(以下简称"本次股东会")相关事宜出具 本法律意见书。 北京浩天律师事务所 关于惠达卫浴股份有限公司 本所及本所律师依据《证券法》《律师事务所从事证券法律业务管理办法》 和《律师事务所证券法律业务执业规则(试行)》等规定及本法律意见书出具日 以前已经发生或者存在的事实,严格履行了法定职责,遵循了勤勉尽责和诚实信 用原则,进行了充分的核查验证,保证本法律意见书所认定的事实真实、准确、 完整,所发表的结论性意见合法、准确,不存在虚假记载、误导性陈述或者重大 遗漏,并承担相应法律责任。 为出具本法律意见书,本所律师查阅了公司提供的有关本次股东会的相 ...
惠达卫浴(603385) - 2025年第一次临时股东会决议公告
2025-07-16 10:15
证券代码:603385 证券简称:惠达卫浴 公告编号:2025-028 惠达卫浴股份有限公司 2025年第一次临时股东会决议公告 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。 重要内容提示: 本次会议是否有否决议案:无 一、 会议召开和出席情况 (一)股东会召开的时间:2025 年 7 月 16 日 (二)股东会召开的地点:河北省唐山市丰南区黄各庄镇惠达路 2 号办公楼八楼会 议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况: | 1、出席会议的股东和代理人人数 | 151 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数(股) | 257,774,456 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例(%) | 67.7168 | (四)表决方式是否符合《公司法》及《公司章程》的规定,股东会主持情况等。 本次会议由公司董事会召集,董事长王彦庆先生主持。会议采用现场投票和 网络投票相结合的表决方式。会议的召集、召开及表决方式符合《公司 ...
惠达卫浴(603385) - 2025 Q2 - 季度业绩预告
2025-07-14 08:20
Huida Sanitary Ware Co., Ltd. 2025 Semi-Annual Performance Forecast [Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company anticipates a significant decline in its 2025 first-half performance, with net profit attributable to the parent company expected to decrease by 67.52% to 72.82% year-on-year, and non-recurring net profit attributable to the parent company projected to turn from profit to loss, plummeting by 199.60% to 219.29% year-on-year, based on preliminary unaudited estimates 2025 Semi-Annual Performance Forecast | Metric | 2025 Semi-Annual Forecast | Year-on-Year Change | | :--- | :--- | :--- | | **Net Profit attributable to Parent** | 16.40 million yuan - 19.60 million yuan | ↓ 67.52% to 72.82% | | **Non-recurring Net Profit attributable to Parent** | -32.10 million yuan - -26.80 million yuan | ↓ 199.60% to 219.29% | - This performance forecast applies to situations where profitability is achieved, but net profit declines by over **50%** compared to the same period last year[3](index=3&type=chunk) - The company explicitly states that this performance forecast data is a preliminary estimation by the finance department and has not been audited by a certified public accountant[6](index=6&type=chunk) [Operating Performance and Financial Status for the Same Period Last Year](index=2&type=section&id=II.%20Operating%20Performance%20and%20Financial%20Status%20for%20the%20Same%20Period%20Last%20Year) The report provides 2024 first-half performance benchmarks, including net profit attributable to the parent company of 60.3360 million yuan, non-recurring net profit attributable to the parent company of 26.9085 million yuan, and earnings per share of 0.1581 yuan, serving as the basis for year-on-year analysis with current forecasts 2024 Semi-Annual Operating Performance | Metric | 2024 Semi-Annual (Same Period Last Year) | | :--- | :--- | | **Total Profit** | 62.6477 million yuan | | **Net Profit attributable to Parent** | 60.3360 million yuan | | **Non-recurring Net Profit attributable to Parent** | 26.9085 million yuan | | **Earnings Per Share** | 0.1581 yuan | [Primary Reasons for Current Period Performance Decline](index=2&type=section&id=III.%20Primary%20Reasons%20for%20Current%20Period%20Performance%20Decline) The performance decline is primarily attributed to dual internal and external pressures, with external factors including overseas conflicts, tariff policy changes, and reduced export tax rebates leading to a decline in export business gross margin, while internal factors involve domestic market structural adjustments and insufficient demand resulting in decreased revenue from major client engineering projects, further impacted by provisions for asset impairment - Operating revenue for the first half of 2025 is estimated to be approximately **1.425 billion yuan**, representing a year-on-year decrease of approximately **9.94%**[8](index=8&type=chunk) - External reasons for the performance decline include overseas regional conflicts, changes in tariff policies, and a reduction in export tax rebate rates, leading to a decrease in the gross margin of overseas export business[8](index=8&type=chunk) - Internal reasons for the performance decline include deepening domestic structural adjustments and insufficient effective demand, resulting in a year-on-year decline in revenue from domestic major client engineering projects[8](index=8&type=chunk) - The company made provisions for asset impairment on some inventory and fixed assets, negatively impacting profit[8](index=8&type=chunk) - The company plans to enhance management efficiency and gross margin through measures such as optimizing marketing channels and product structure, and accelerating digital transformation[8](index=8&type=chunk) [Risk Warning and Other Notes](index=2&type=section&id=IV.%20Risk%20Warning) The company emphasizes that this performance forecast is a preliminary, unaudited calculation based on the finance department's professional judgment, thus subject to uncertainty, and investors are advised to note investment risks as the final accurate financial data will be based on the company's officially disclosed 2025 semi-annual report - The company states that this performance forecast is a preliminary calculation by the finance department and has not been audited by a certified public accountant[9](index=9&type=chunk) - The company anticipates no significant uncertainties that would affect the accuracy of this performance forecast[9](index=9&type=chunk) - The final accurate financial data will be subject to the company's officially disclosed 2025 semi-annual report, reminding investors to be aware of risks[10](index=10&type=chunk)
惠达卫浴:预计2025年半年度净利润同比减少67.52%-72.82%
news flash· 2025-07-14 08:07
Core Viewpoint - Huida Sanitary Ware (603385) expects a significant decline in net profit for the first half of 2025, primarily due to various adverse factors affecting its business operations [1] Financial Performance - The company anticipates a net profit attributable to shareholders of the parent company between 16.4 million to 19.6 million yuan, representing a year-on-year decrease of 67.52% to 72.82% [1] - The expected net profit after deducting non-recurring gains and losses is projected to be between -32.1 million to -26.8 million yuan, indicating a year-on-year decrease of 199.60% to 219.29% [1] - Estimated operating revenue for the first half of 2025 is approximately 1.425 billion yuan, reflecting a year-on-year decline of about 9.94% [1] Business Challenges - The decline in overseas export business gross margin is attributed to factors such as conflicts in overseas regions, changes in tariff policies, reduced export tax rebate rates, and insufficient effective demand due to ongoing domestic structural adjustments [1] - Revenue from domestic major client engineering business has also experienced a year-on-year decline [1] - The company has made provisions for asset impairment on certain inventories and fixed assets [1]
研判2025!中国智能花洒行业发展背景、需求量、市场规模、重点企业及前景展望:智能家居潮流影响下,智能花洒规模增长至60.9亿元[图]
Chan Ye Xin Xi Wang· 2025-07-09 01:27
Core Insights - The smart shower market in China is projected to reach approximately 6.09 billion yuan by 2024, driven by advancements in technology and increasing consumer demand for high-quality living experiences [1][16] - Smart showers integrate features such as automatic temperature control, smart cleaning, and automatic drainage, enhancing user comfort and extending product lifespan [1][16] - The industry is experiencing significant growth due to the dual drivers of technological progress and consumption upgrades, particularly with the empowerment of emerging technologies like 5G and IoT [1][16] Industry Overview - Smart showers, also known as showerheads, are categorized by various forms, water output methods, installation heights, and control methods, with smart showers being a key segment [3] - The high-end market for smart showers is dominated by international brands like Kohler and Moen, while domestic brands lead the mid-to-high-end market [19] Market Size and Growth - The demand for smart showers in China has grown from 1.57 million units in 2017 to 5.65 million units in 2024, with a compound annual growth rate (CAGR) of 20.05% [15] - The overall smart home market in China is expected to grow from 325.47 billion yuan in 2017 to 876.74 billion yuan in 2024, with a CAGR of 15.21% [9] Policy Support - The Chinese government has implemented various policies to support the development of smart home products, including smart showers, aiming to enhance consumer spending and promote upgrades in home appliances [7][9] - Specific measures include subsidies for home renovations and the promotion of smart home consumption [7][9] Technological Advancements - Smart showers utilize IoT technology, incorporating devices such as smart temperature and humidity sensors, smart valves, and smart flow meters to enable remote and automated control [5][15] - Future innovations will focus on enhancing core functionalities, such as precise temperature control and the integration of health monitoring features [26] Competitive Landscape - Key players in the smart shower market include Arrow Home, Xiaomi Group, Huida Sanitary Ware, and others, each leveraging unique strengths to capture market share [1][19][20] - The competitive landscape is characterized by a mix of international and domestic brands, with local companies increasingly focusing on innovation and quality to meet consumer demands [19][20] Industry Chain - The smart shower industry chain includes upstream raw materials like copper and aluminum, midstream manufacturing, and downstream applications in home renovation and smart home integration [11][12]
惠达卫浴(603385) - 2025年第一次临时股东会会议资料
2025-07-07 11:45
2025年第一次临时股东会会议资料 惠达卫浴股份有限公司 2025年第一次临时股东会会议资料 二〇二五年七月 1 / 12 2025年第一次临时股东会会议资料 目录 | 2025年第一次临时股东会会议议程 | 3 | | --- | --- | | 2025年第一次临时股东会会议须知 | 5 | | 议案一:关于修订《公司章程》的议案 | 7 | | 议案二:关于修订《对外投资管理制度》的议案 | 8 | | 议案三:关于修订《关联交易管理制度》的议案 | 9 | | 议案四:关于修订《对外担保管理制度》的议案 | 10 | | 议案五:关于修订《募集资金管理制度》的议案 | 11 | | 议案六:关于修订《会计师事务所选聘制度》的议案 | 12 | 2 / 12 2025年第一次临时股东会会议资料 惠达卫浴股份有限公司 2025年第一次临时股东会会议议程 一、会议召开的基本情况 (一)会议类型和届次 2025年第一次临时股东会 (二)会议召开时间、地点 现场会议时间:2025年7月16日下午14:30 现场会议地点:河北省唐山市丰南区黄各庄镇惠达路2号办公楼八楼会议室 网络投票系统:上海证券交易所股东会网络 ...
惠达卫浴(603385) - 2025年第一次临时股东会会议资料
2025-07-07 08:00
2025年 第 一 次 临 时 股 东 会 会 议 资 料 惠达卫浴股份有限公司 2025年第一次临时股东会会议资料 1 / 12 2 0 2 5 年 第 一 次 临 时 股 东 会 会 议 资 料 二〇二五年七月 惠达卫浴股份有限公司 2025年第一次临时股东会会议议程 2025年第一 次 临 时 股 东 会 会 议 资 料 目录 | 2025年第一次临时股东会会议议程 | | 3 | | --- | --- | --- | | 2025年第一次临时股东会会议须知 | | 5 | | 议案一:关于修订《公司章程》的议案 | | 7 | | 议案二:关于修订《对外投资管理制度》的议案 | | 8 | | 议案三:关于修订《关联交易管理制度》的议案 | | 9 | | 议案四:关于修订《对外担保管理制度》的议案 | | 10 | | 议案五:关于修订《募集资金管理制度》的议案 | | 11 | | 议案六:关于修订《会计师事务所选聘制度》的议案 | | 12 | 2 / 12 一、会议召开的基本情况 (一)会议类型和届次 2025年第一次临时股东会 (二)会议召开时间、地点 现场会议时间:2025年7月16日下 ...