智通财经APP讯，惠达卫浴(603385.SH)发布公告，经财务部门初步测算，公司预计2025年度归属于上 市公司股东的净利润为负值。 ...

Core Viewpoint - The company, Huida Sanitary Ware (603385.SH), is experiencing a decline in product revenue and gross margin due to international geopolitical conflicts, industry cyclical fluctuations, and changes in market conditions, leading to strategic business adjustments and increased asset impairment losses [1] Financial Performance - For the period from January to September 2025, the company's total profit was 15.9062 million yuan, with a net profit attributable to shareholders of the listed company at 15.2405 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -47.3484 million yuan, indicating significant financial challenges [1] - The company anticipates a negative net profit for the fiscal year 2025, based on preliminary calculations by the finance department [1]

Core Viewpoint - The company, Huida Sanitary Ware (603385.SH), is experiencing a decline in product revenue and gross margin due to international geopolitical conflicts, industry cycle fluctuations, and changes in market conditions, leading to strategic business adjustments and increased asset impairment losses [1] Financial Performance - For the period from January to September 2025, the company's total profit was 15.9062 million yuan, with a net profit attributable to shareholders of 15.2405 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -47.3484 million yuan, indicating significant financial challenges [1] - The company anticipates a negative net profit for the fiscal year 2025 based on preliminary financial assessments [1]

Core Viewpoint - The company expects a negative net profit for the fiscal year 2025 due to various adverse factors affecting its performance [1] Financial Performance - From January to September 2025, the company's total profit amounted to 15.9062 million yuan, while the net profit attributable to shareholders was 15.2405 million yuan [1] - The net profit attributable to shareholders, excluding non-recurring gains and losses, was -47.3484 million yuan [1] Market Conditions - The company's product demand at the end-user level fell short of expectations due to international geopolitical conflicts, industry cycle fluctuations, and changes in the market environment [1] - There has been a decline in product revenue and gross margin as a result of these adverse market conditions [1] Strategic Adjustments - The company is undertaking strategic business adjustments in response to the competitive landscape and future development trends within the industry [1] - As part of these adjustments, the company has increased provisions for asset impairment losses [1]

本次变更后，为公司提供2025年度审计服务的项目合伙人为周春阳先生。 二、变更后项目合伙人基本情况 证券代码：603385 证券简称：惠达卫浴 公告编号：2026-001 惠达卫浴股份有限公司 关于变更审计项目合伙人的公告 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。 2025年4月28日，惠达卫浴股份有限公司（以下简称"公司"或"本公司"）第七届董事会第五次会议审议 通过了《关于续聘公司2025年度审计机构的议案》，同意公司续聘天职国际会计师事务所（特殊普通合 伙）（以下简称"天职国际"）为公司2025年度财务报告审计机构和内部控制审计机构，聘期一年。该议 案已经公司2025年5月20日召开的2024年年度股东大会审议通过，详见《关于续聘公司2025年度审计机 构的公告》（2025-007）及《2024年年度股东大会决议公告》（2025-021）。 近日，公司收到天职国际出具的《关于变更项目合伙人的告知函》，现将具体情况公告如下： 一、本次审计项目合伙人变更情况 天职国际作为公司2025年度财务报告审计机构与内部控制审计机 ...

证券日报网讯 1月11日，惠达卫浴发布公告称，天职国际作为公司2025年度财务报告审计机构与内部控 制审计机构，原委派文冬梅女士为项目合伙人。由于天职国际内部工作调整，现委派周春阳先生接替文 冬梅女士作为公司的项目合伙人，继续完成相关工作。本次变更后，为公司提供2025年度审计服务的项 目合伙人为周春阳先生。 （文章来源：证券日报） ...

惠达卫浴股份有限公司 关于变更审计项目合伙人的公告 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。 2025 年 4 月 28 日，惠达卫浴股份有限公司（以下简称"公司"或"本公司"） 第七届董事会第五次会议审议通过了《关于续聘公司 2025 年度审计机构的议案》， 同意公司续聘天职国际会计师事务所（特殊普通合伙）（以下简称"天职国际"） 为公司 2025 年度财务报告审计机构和内部控制审计机构，聘期一年。该议案已 经公司 2025 年 5 月 20 日召开的 2024 年年度股东大会审议通过，详见《关于续 聘公司 2025 年度审计机构的公告》（2025-007）及《2024 年年度股东大会决议 公告》（2025-021）。 近日，公司收到天职国际出具的《关于变更项目合伙人的告知函》，现将具 体情况公告如下： 一、本次审计项目合伙人变更情况 证券代码：603385 证券简称：惠达卫浴 公告编号：2026-001 项目合伙人：周春阳，2005 年成为注册会计师，2006 年开始从事上市公司 审计，2011 年开始在天职国际执业 ...

Core Insights - The article discusses how Huida Sanitary Ware is navigating the market landscape by focusing on value creation rather than price competition, aiming for a significant transformation in the industry by 2025 [1][9]. Group 1: Market Positioning and Strategy - Huida Sanitary Ware has positioned itself as a "health bathroom expert" and aims to achieve value enhancement through technological breakthroughs and industry standards leadership by 2025 [1][5]. - The company is shifting from a focus on single products to comprehensive bathroom solutions that cater to diverse consumer needs, emphasizing the integration of scenes, services, and ecosystems [1][9]. Group 2: Technological Innovations - The smart bathroom market is growing at over 20% annually, with Huida's flagship product being the smart toilet, which aligns with consumer demand for health care and convenience [2]. - In 2025, Huida will launch the "full waterway sterilization" technology, extending sterilization from localized points to the entire water supply chain, enhancing water safety management [2][5]. - The new flagship smart toilets, "Deep Shield S5 Pro" and "Deep Shield S6 Pro," incorporate advanced health protection features, addressing traditional hygiene concerns [2][5]. Group 3: Industry Standards and Certifications - Huida Sanitary Ware led the establishment of the "full waterway sterilization" group standard, marking a significant step in standardizing this technology within the industry [5][7]. - The company has applied for 100 new patents and received 107 new patent grants as of June 2025, showcasing its commitment to innovation [8]. Group 4: Targeting Aging Population and Renovation Market - With government policies promoting old-for-new exchanges and renovations, Huida is strategically focusing on the aging population's needs, creating a complete product ecosystem for elderly bathroom solutions [9][12]. - The company introduced a "3-day renovation plan" to address long renovation cycles and improve efficiency in upgrading old bathrooms [11][12]. Group 5: Brand Development and Social Responsibility - Huida emphasizes brand building as a key component of its growth strategy, launching initiatives to strengthen emotional connections with the public [14]. - The company has been recognized for its social responsibility efforts, including partnerships with welfare foundations to support rural schools [19]. Group 6: Comprehensive Bathroom Solutions - Huida is shifting its focus to "full bathroom solutions," integrating functionality, aesthetics, and emotional appeal to meet evolving consumer demands [21]. - The company has launched various bathroom suite styles at the 2025 Shanghai Kitchen and Bath Expo, catering to different consumer preferences and needs [21]. Group 7: International Expansion and Quality Assurance - Huida has established a strong international presence, with products certified by various global quality standards and available in over 100 countries [27]. - The company maintains a rigorous quality control process, ensuring high standards in production and earning recognition in international design competitions [25][31].

Core Viewpoint - The strategic partnership between Huida Sanitary Ware and the fashion media benchmark "Rayli" marks a significant step in the integration of aesthetics and functionality in the bathroom industry, aiming to create a new standard for cross-industry collaboration and value enhancement in the home furnishing sector [1][5]. Group 1: Strategic Collaboration - Huida Sanitary Ware and "Rayli" magazine have officially established a strategic partnership, highlighted by the "Scene Aesthetics New Perspective" forum featuring renowned artist Zhao Yazi [1][3]. - The collaboration focuses on Huida's four strategies: integration, intelligence, digitization, and ecology, emphasizing the brand's commitment to becoming a "health-oriented bathroom customization expert" [1][5]. Group 2: Aesthetic Innovation - The partnership aims to build an open "scene aesthetics system," with plans to introduce diverse thematic solutions beyond just Eastern styles, including urban beauty, pet-friendly designs, and smart health [5]. - The "Eastern Aesthetic Space," a product of this collaboration, showcases Huida's products integrated into a lifestyle context, moving beyond traditional product displays to create an immersive experience [6]. Group 3: Market Impact - The "Eastern Aesthetic Space" serves as a new way to engage customers, transforming the bathroom space into a personal aesthetic gallery that enhances emotional experiences and lifestyle narratives [6]. - This collaboration signifies a shift in the home furnishing industry from competition based on individual product functionality to a focus on overall scene experiences and emotional offerings [6].

Core Insights - The home furnishing industry is experiencing a shift from "scale expansion" to "value creation," particularly in the bathroom sector, which is a core category of home furnishings [1][3] - Huida Sanitary Ware presented its strategic vision at the 2026 National Dealer Conference, focusing on strategic elevation, aesthetic scenarios, and ecological integration [1][3] Strategic Elevation - The bathroom industry is undergoing unprecedented structural changes, with competition evolving from single products to integrated, scenario-based "whole bathroom solutions" due to policy changes and rising consumer expectations [3] - Future competition will focus on "professional depth, technological research and development, supply chain collaboration, and user experience," rather than mere scale expansion [5] Aesthetic Empowerment - Huida Sanitary Ware's collaboration with fashion media "Rayli" aims to redefine the value competition in the industry by launching the "Oriental Aesthetics" bathroom space scenario series [7][11] - The partnership will integrate Huida's product technology with Rayli's aesthetic design, creating a new bathroom experience that combines functionality, aesthetics, and emotional engagement [11] Intelligent Ecosystem Integration - Huida and Midea signed a strategic cooperation agreement to align with the trend of "home appliance integration" in the bathroom industry, leveraging Huida's customization capabilities and Midea's expertise in smart control and IoT technology [15][18] - This collaboration marks a significant milestone in Huida's transition from "smart products" to building an "intelligent ecosystem," aiming to provide a seamless and health-oriented living space for users [18][20] Industry Transformation - The shift from "scale expansion" to "value creation" is a profound change for the industry, with 2026 expected to be a pivotal year for Chinese companies transitioning from market followers to industry leaders [7] - Huida's proactive approach to change and its commitment to creating value for customers set a new benchmark for the industry, potentially leading to high-quality development across the bathroom sector [20]