Core Viewpoint - The A-share market shows a positive trend with the Shanghai Composite Index closing at 3897.56 points, above the six-month moving average, reflecting a slight increase of 0.21% [1] Group 1: Market Performance - The total trading volume of A-shares reached 1681.524 billion yuan today [1] - A total of 127 A-shares have surpassed the six-month moving average, indicating a bullish sentiment in the market [1] Group 2: Individual Stock Performance - Stocks with significant deviations from the six-month moving average include: - Ainanju (证券代: 920770) with a deviation rate of 9.77% and a daily increase of 12.36% [1] - Huifeng Diamond (证券代: 920725) with a deviation rate of 5.80% and a daily increase of 12.63% [1] - Kaitian Gas (证券代: 920010) with a deviation rate of 5.69% and a daily increase of 7.07% [1] - Other notable stocks with smaller deviations include Jiangzhong Pharmaceutical, Qingdao Port, and Ningbo Energy, which have just crossed the six-month moving average [1]

Core Viewpoint - Huida Sanitary Ware's asset disposal plan has faced setbacks, as the company failed to attract interested buyers for the 100% equity and debt transfer of Guangxi Xingaosheng Thin Ceramic Tile Co., Ltd. at a base price of 144 million yuan [1][3]. Company Summary - The asset sale was initiated with a controversial pricing strategy, offering the 100% equity of Guangxi Xingaosheng for 1 yuan, while the total debt of approximately 269 million yuan was set at a base price of 144 million yuan, representing 53.6% of the total debt [3]. - Guangxi Xingaosheng, a high-tech enterprise specializing in ceramic thin slate products, has been continuously losing money and is currently insolvent, with a net loss of 34.886 million yuan in 2024 and an additional loss of 29.3084 million yuan in the first half of 2025 [3]. - As of June 30, 2025, Guangxi Xingaosheng's net assets were reported at -154 million yuan and the company is currently in a state of suspension [3][6]. - Huida Sanitary Ware aims to adjust and optimize its industrial structure through this transaction, and if completed, Guangxi Xingaosheng will no longer be included in the company's consolidated financial statements [3]. Industry Summary - The failure of the asset disposal is closely related to the severe challenges facing the entire ceramic industry, with a reported 12.18% year-on-year decline in national ceramic tile production in 2024 and a capacity utilization rate of less than 50%, indicating a serious overcapacity issue [5]. - Huida Sanitary Ware's half-year report for 2025 reflects the industry's difficulties, showing a 9.94% year-on-year decline in revenue and a 70.21% drop in net profit attributable to the parent company, primarily due to decreased income from the tile/slate segment and asset impairment [6]. - The ongoing downturn in the real estate market and overall pressure on the building materials industry make Huida Sanitary Ware's divestiture of loss-making assets a critical move to focus on its core business and mitigate losses [8].

Core Viewpoint - 惠达卫浴 has completed the registration of changes in its business scope and has obtained a new business license, expanding its operations to include road freight transportation (excluding hazardous goods) [1][2] Group 1: Business Registration Changes - The company has amended its business scope to include "road freight transportation (excluding hazardous goods)" and revised its articles of association accordingly [1] - The new business license was issued by the Tangshan Administrative Approval Bureau, confirming the updated registration details [1] - The company's registered capital is 386,464,900 CNY, and it was established on December 11, 1997 [1] Group 2: Sale of Subsidiary - 惠达卫浴 has proposed to publicly sell 100% equity and debt of Guangxi Xingaosheng Thin Ceramic Co., Ltd. [3] - The board approved the sale on September 4, 2025, and authorized the management to handle related matters [3] - The initial listing price for the sale was set at 144.473961 million CNY, but no interested buyers were found by the end of the listing period on September 25, 2025, leading to the termination of the sale process [4]

Company Overview - Huida Sanitary Ware Co., Ltd. was founded in 1982 and is headquartered in Tangshan, Hebei Province, with an asset scale of 5.5 billion and products exported to over 100 countries and regions [2] - The company has three core production bases in Tangshan, Chongqing, and Guangxi, with an annual production capacity of 10 million sanitary ceramics, 500,000 smart bathrooms, and 600,000 high-end bathroom cabinets [2] - Huida owns multiple brands including "HUIDA," "DOFINY," and "LA'BOBO," covering a full range of products such as sanitary ware, ceramic tiles, rock slabs, and integrated kitchen and bathroom solutions [2] - The company has established national-level research and development facilities and has been recognized as a national high-tech enterprise and a national green factory [2] Governance and Management Practices - The board of directors consists of 9 members, including 3 independent directors, with a 33% representation of female directors, promoting diverse and professional decision-making [3] - The company has implemented a comprehensive management mechanism for information security, including risk warning, emergency response, real-time monitoring, and regular audits, enhancing data protection and compliance [3] - Huida has established a multi-dimensional defense network for system security, achieving a core business system availability of 99.99% and has not experienced any major information security incidents during the reporting period [3] - The company aims to achieve ISO 27001 international certification for information security management systems by 2024, reinforcing its commitment to transparent governance and digital empowerment [3]

Core Viewpoint - Huida Sanitary Ware has announced the termination of the public listing for the sale of 100% equity and debt of Guangxi Xingaosheng due to a lack of interested buyers, despite an initial listing price of 144 million yuan [1][2]. Group 1: Company Developments - On September 12, Huida Sanitary Ware and its subsidiary Beiliu Xinshi Da publicly listed the 100% equity and debt of Guangxi Xingaosheng at a starting price of 144 million yuan [1]. - As of September 25, the initial listing period ended without any interested buyers, leading to the termination of the transfer process [1]. - The company plans to discuss the sale of Guangxi Xingaosheng's equity and debt and will submit a proposal for board review [1]. Group 2: Financial Performance - In the first half of 2025, Huida Sanitary Ware reported total revenue of 1.425 billion yuan, a year-on-year decrease of 9.94% [2]. - The net profit attributable to the parent company was 17.97 million yuan, down 70.21% year-on-year, while the non-recurring net profit showed a loss of 29.86 million yuan compared to a profit of 26.91 million yuan in the previous year [2]. - The net cash flow from operating activities was 91.12 million yuan, a decline of 65.26% year-on-year, primarily due to reduced net receipts from sales and purchases [2][3]. Group 3: Business Impact - Guangxi Xingaosheng, which specializes in the research, design, production, and sales of ceramic thin slate products, is currently in a state of suspension [2]. - The revenue from Guangxi Xingaosheng accounted for 3.17% of Huida Sanitary Ware's most recent audited revenue, indicating that the asset sale will not significantly impact the company's main business or ongoing operations [2].

近日，公司完成上述事项的工商变更登记，取得了唐山市行政审批局换发的 《营业执照》。本次工商变更登记后，公司的基本登记信息如下： 统一社会信用代码：91130200713109049Q 证券代码：603385 证券简称：惠达卫浴 编号：2025-040 惠达卫浴股份有限公司 关于完成工商变更登记并换发营业执照的公告 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。 惠达卫浴股份有限公司（以下简称"公司"）第七届董事会第八次会议及 2025 年第二次临时股东会审议通过了《关于增加经营范围暨修订<公司章程>的 议案》。根据公司经营与发展的实际需要，公司经营范围增加"道路货物运输（不 含危险货物）"，并同步对《公司章程》的相关条款做出修订。具体内容详见公 司披露的《关于增加经营范围暨修订<公司章程>的公告》（公告编号：2025-035）。 注册资本：叁亿捌仟零陆拾陆万肆仟玖佰陆拾捌元整 成立日期：1997 年 12 月 11 日 经营范围：一般项目：卫生陶瓷制品制造；卫生陶瓷制品销售；建筑陶瓷制 品销售；建筑陶瓷制品加工制造；卫生洁具销 ...

2025 年 9 月 27 日 一、交易概述 惠达卫浴股份有限公司（以下简称"公司"）于 2025 年 9 月 4 日召开第七 届董事会第八次会议，审议通过了《关于拟公开挂牌出售广西新高盛薄型建陶有 限公司 100%股权及债权的议案》，同意公司及公司控股子公司北流市新盛达新 型材料有限公司（以下简称"北流新盛达"）公开挂牌转让广西新高盛薄型建陶 有限公司（以下简称"广西新高盛"）100%股权及债权，并授权公司经营层办理 相关事宜。具体内容详见公司披露的《关于拟公开挂牌出售广西新高盛薄型建陶 有限公司 100%股权及债权的公告》（公告编号：2025-034）。 二、进展情况 2025 年 9 月 12 日，公司及控股子公司北流新盛达在北京产权交易中心以 14,447.3961 万元为首次挂牌底价对广西新高盛 100%股权及债权进行公开挂牌， 挂牌项目编号为 CP2025BJ1000404。截至 2025 年 9 月 25 日首次挂牌期满，公司 尚未征集到意向受让方，此次挂牌转让程序终止。公司将尽快讨论广西新高盛股 权及债权的出售方案，并提交董事会审议。 特此公告。 惠达卫浴股份有限公司董事会 证券代码：6033 ...

Core Viewpoint - The smart toilet industry is experiencing growth driven by consumer upgrades and health awareness, but faces intense competition and low market penetration [3] Group 1: Industry Overview - The smart toilet market is expanding due to the implementation of the "old-for-new" national subsidy policy, yet it remains characterized by low market penetration and significant product homogeneity [3] - The introduction of 3C certification and other standards is raising industry entry barriers and product quality requirements, benefiting leading companies with strong R&D capabilities and brand advantages [3] - The industry is shifting from price competition to differentiation based on functionality, technology, quality, and user experience [3] Group 2: Company Strategy - The company is committed to a dual strategy of deepening channel development and digital transformation, focusing on user needs across channels, products, marketing, and services [4][5] - The company is implementing a "thousand merchants and ten thousand stores" plan to enhance channel penetration, collaborating with decoration companies and old renovation firms to reach targeted consumer segments [4] - The company is expanding its online presence through traditional e-commerce platforms and emerging live-streaming channels to reach diverse consumer habits [5] Group 3: Product and Marketing Strategy - The company is enhancing its brand positioning as a "health bathroom expert," focusing on health, intelligence, and environmental sustainability in product development [6] - The company aims to optimize its product structure and improve the speed of new product launches to meet diverse consumer needs and enhance competitiveness [6] - Marketing efforts are focused on improving new product promotion efficiency and increasing the sales proportion of high-value products to strengthen overall profitability [6] Group 4: International Market Development - The company is optimizing its international business management system and adapting to new market conditions, particularly in the Middle East and Southeast Asia [6] - The company is enhancing its product capabilities for international markets by offering customized product support to increase customer loyalty [6] - The company continues to focus on major client aggregation strategies to improve localized service levels and strengthen long-term cooperation with key clients [6]

Group 1 - The core viewpoint of the announcement is the resolution of the second extraordinary general meeting of shareholders held by Huida Sanitary Ware Co., Ltd. on September 23, 2025, which was conducted legally and effectively [1][2][6] - The meeting was attended by all nine current directors and other senior management personnel, ensuring a full representation of the board [3] - The first agenda item, which involved the proposal to expand the business scope and amend the Articles of Association, was passed with more than two-thirds of the voting rights from the attending shareholders [4][6] Group 2 - The meeting was convened by the board of directors and chaired by Chairman Wang Yanqing, utilizing a combination of on-site and online voting methods [2][4] - The legal proceedings of the meeting were verified by Beijing Haotian Law Firm, confirming that all procedures complied with relevant laws and regulations [5][6] - The announcement includes a legal opinion letter signed and stamped by the law firm's director, affirming the legality and validity of the meeting and its resolutions [6]

证券代码：603385 证券简称：惠达卫浴 公告编号：2025-038 惠达卫浴股份有限公司 2025年第二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 9 月 23 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 | 104 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 256,811,686 | | 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（%） | 67.4639 | (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。 1、 议案名称：《关于增加经营范围暨修订<公司章程>的议案》 审议结果：通过 表决情况： 本次会议由公司董事会召集，董事长王彦庆先 ...