Core Viewpoint - The long-established bathroom brand Huida Sanitary (603385.SH) is divesting its loss-making assets through a drastic "amputation" strategy due to continuous losses, particularly focusing on the disposal of its subsidiary Guangxi Xingaosheng [1][5][9] Group 1: Asset Disposal Details - Huida Sanitary plans to publicly transfer 100% equity and related debts of Guangxi Xingaosheng, which has been incurring losses, with a net loss of 29.31 million yuan in the first half of 2025 and a negative net asset of 154 million yuan [1][6] - The equity will be sold for a nominal price of 1 yuan, while the total debt of 269 million yuan will be offered at a discounted price of 144 million yuan, representing only 53.6% of the total debt [6][8] - The decision to sell these assets is closely linked to Guangxi Xingaosheng's poor financial performance, with a net profit of -34.89 million yuan in 2024 and a significant debt burden [6][8] Group 2: Industry Context - The ceramic industry is facing significant challenges due to a downturn in the real estate market, leading to intensified competition and reduced profit margins [8] - National ceramic tile production decreased by 12.18% in 2024, with a capacity utilization rate of less than 50% [8] - Huida Sanitary's revenue for the first half of 2025 was 1.425 billion yuan, down 9.94% year-on-year, with net profit plummeting by 70.21% to 17.97 million yuan [8][9] Group 3: Future Considerations - The company aims to optimize its industrial structure and resource allocation through this asset sale, focusing on its core business [7][9] - There are uncertainties regarding the completion of the transaction, including potential buyers and pricing, which could pose challenges for the company [9]

Core Viewpoint - Huidahome plans to transfer 100% equity and related debts of its subsidiary Guangxi Xingaosheng to reduce operational risks amid a challenging ceramics market [1][3] Group 1: Asset Transfer Details - Huidahome announced the transfer of Guangxi Xingaosheng's 100% equity at a base price of 1 yuan, with debts sold at nearly a 50% discount [1][2] - The total debt owed to Guangxi Xingaosheng amounts to 269 million yuan, with a listing price for the debts set at 144 million yuan [2] Group 2: Financial Performance - Guangxi Xingaosheng reported a net loss of 29.31 million yuan in the first half of 2025, with a negative net asset value of 154 million yuan [1][3] - Huidahome's revenue for the first half of 2025 was 1.425 billion yuan, a year-on-year decrease of 9.94%, and net profit dropped by 70.21% to 17.97 million yuan [3] Group 3: Market Context - The ceramics industry is under pressure due to a downturn in the real estate market, leading to liquidity issues for developers [3] - Huidahome's decision to divest is seen as a strategy to shed underperforming assets and mitigate operational risks [3]

Core Viewpoint - Huida Sanitary Ware has decided to divest its loss-making assets through a "self-amputation" strategy due to continuous losses, aiming to reduce operational risks and optimize its asset structure [2][5][7] Company Summary - Huida Sanitary Ware plans to publicly transfer 100% equity and related debts of its subsidiary, Guangxi Xingaosheng, for a nominal price of 1 yuan, with debts being offered at a significant discount [2][4] - Guangxi Xingaosheng has been in a state of continuous loss, reporting a net loss of 29.31 million yuan in the first half of 2025 and a negative net asset value of 154 million yuan [2][4][6] - The company aims to improve asset operation efficiency and quality through this divestment, which is seen as a necessary step in the current challenging market environment [5][7] Industry Summary - The ceramic industry is facing significant challenges due to a downturn in the real estate market, leading to increased competition and reduced profit margins [6][7] - National ceramic tile production decreased by 12.18% year-on-year in 2024, with production capacity utilization below 50% [6] - Huida Sanitary Ware's revenue fell by 9.94% year-on-year in the first half of 2025, with net profit dropping by 70.21%, largely due to the poor performance of its subsidiary [6][7]

Group 1: Company Announcements - Heng Rui Medicine has received the clinical trial approval notice for HRS-4729 injection, a self-developed peptide drug targeting GLP-1R, GIPR, and GCGR receptors, with no similar products approved in the market [1] - Hubei Yihua has successfully launched its 200,000 tons/year caustic soda project, aimed at upgrading its chlor-alkali chemical industry and enhancing market competitiveness [2] - Ji Min Health announced that its shareholder, Shuangge Group, plans to reduce its stake by up to 3%, equating to a maximum of 15.75 million shares [3] - China Shipbuilding intends to absorb and merge with China Shipbuilding Industry Corporation through a share exchange, with the latter's A-shares set to be delisted on September 5, 2025 [4] - Changfei Fiber reported that its shareholder, Changjiang Communication, plans to reduce its stake by up to 0.15%, totaling no more than 1.1 million shares [5] Group 2: Strategic Collaborations and Developments - Beijing Lier has signed a strategic cooperation agreement with SenseTime and Xiwang Technology to explore AI computing power collaboration and related applications [6] - Junsheng Electronics is collaborating with leading clients like Zhiyuan Robotics, having achieved bulk supply of customized main control boards and various sensors [7][8] - Guoxin Technology has successfully tested a new generation of high-performance chips for automotive electronic BLDC motor control, aimed at addressing the MCU chip shortage in the automotive sector [9] Group 3: Other Corporate Actions - Guoguang Chain's actual controller plans to reduce their stake by up to 2.99%, totaling a maximum of 12.506 million shares [10] - Zhonghuan Hailu has terminated its control change plan, with its stock set to resume trading on September 5, 2025 [11] - Various companies have reported significant project wins, including Ningbo Construction winning contracts worth 1.117 billion yuan [12]

Group 1 - The company Huida Sanitary Ware announced on the evening of September 4 that its seventh board of directors held the eighth meeting, which approved multiple proposals, including the proposal to convene the second extraordinary general meeting of shareholders in 2025 [2]

Core Viewpoint - Huida Sanitary Ware (603385) announced that it will hold the second extraordinary general meeting of shareholders in 2025 on September 23, 2025, to review the proposal for expanding its business scope and amending the Articles of Association [1] Group 1 - The extraordinary general meeting is scheduled for September 23, 2025 [1] - The agenda includes a proposal to increase the business scope and amend the company's Articles of Association [1]

Group 1 - Huida Sanitary Ware plans to publicly transfer 100% equity and debt of Guangxi Xingaosheng, with debt amounts of 132 million and 138 million yuan as of June 30, 2025 [1] - Sainuo Medical received administrative regulatory measures from Tianjin Securities Regulatory Bureau due to inaccurate information disclosure in quarterly reports [2][3] - Jiangling Motors reported August vehicle sales of 30,003 units, a year-on-year increase of 8.92% [6] Group 2 - Jimin Health's controlling shareholder plans to reduce its stake by up to 3%, totaling 15.75 million shares [7] - Satellite Chemical announced routine maintenance of polyethylene and ethylene glycol facilities, expected to last 45 days [8] - Hubei Yihua's 200,000-ton caustic soda project has been successfully put into production [10] Group 3 - Shanghai Pharmaceuticals' Dihydroxypropyl Theophylline Injection has passed the consistency evaluation for generic drugs [13] - Ningbo Construction's subsidiaries won construction projects worth 1.117 billion yuan [16] - Wens Foodstuff reported August sales revenue of 4.825 billion yuan from live pigs, with a year-on-year decrease in revenue and price [28] Group 4 - Long-term Logistics announced the resignation of its deputy general manager due to personal reasons [44] - Huaming Equipment proposed a cash dividend of 2 yuan per 10 shares, totaling 179 million yuan [46] - Transsion Holdings plans to distribute a cash dividend of 0.8 yuan per share [49]

证券代码：603385 证券简称：惠达卫浴 公告编号：2025-036 惠达卫浴股份有限公司 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： ? 股东会召开日期：2025年9月23日 ? 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 一、 召开会议的基本情况 (一)股东会类型和届次 (二)股东会召集人：董事会 (三)投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合的方 式 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 9 月 23 日 14 点 30 分 召开地点：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 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 9 月 23 日 至2025 年 9 月 23 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00； ...

General Provisions - The company aims to protect the legal rights of its shareholders, employees, and creditors, and to regulate its organization and behavior according to relevant laws [1][3] - The company is established as a joint-stock company in accordance with the Company Law and other regulations [1][2] - The company was approved by the China Securities Regulatory Commission for its initial public offering of 71.04 million shares on April 5, 2017, and is listed on the Shanghai Stock Exchange [1][3] Company Information - The registered capital of the company is RMB 380,664,968 [2] - The company is located at No. 7, Huida Road, Huanggezhuang Town, Fengnan District, Tangshan City, with a postal code of 063307 [2] - The company is a permanent joint-stock company [2] Management Structure - The chairman of the board serves as the legal representative of the company, and if the chairman resigns, it is considered a simultaneous resignation from the legal representative position [2][3] - The legal representative is responsible for civil activities conducted in the name of the company, and the company bears the legal consequences of these activities [2][3] Business Objectives and Scope - The company's business philosophy emphasizes "people-oriented, quality first, and pursuit of innovation," aiming to provide high-quality sanitary products and services to consumers [4] - The business scope includes manufacturing and sales of sanitary ceramics, sanitary ware, furniture, building materials, and various other products [5] Shares and Capital Structure - The company's shares are issued in the form of stocks, with all shares being ordinary shares [6][21] - The total number of shares issued by the company is 380,664,968 [6] - The company may increase capital through various methods, including issuing shares to unspecified objects or existing shareholders [9][21] Shareholder Rights and Responsibilities - Shareholders have rights to dividends, voting, and participation in company decisions, as well as obligations to comply with laws and regulations [12][16] - Shareholders holding more than 10% of shares can request the board to convene a temporary shareholders' meeting [28][29] Shareholder Meetings - The company holds annual and temporary shareholders' meetings, with the annual meeting required to be held within six months after the end of the previous fiscal year [48] - Shareholders can propose agenda items for meetings, and the company must notify shareholders of meeting details in advance [58][61]

Group 1 - The company held its eighth meeting of the seventh board of directors, with all nine directors present, ensuring compliance with legal and procedural requirements [1][2] - The board approved the proposal to publicly sell 100% equity and debt of Guangxi Xingaosheng Thin Ceramic Co., Ltd, aimed at optimizing the company's industrial structure and improving asset operation efficiency [1][2] - The board authorized the management to handle related matters regarding the sale [1] Group 2 - The board approved the proposal to expand the business scope and amend the company's articles of association [2] - The board decided to hold the second extraordinary general meeting of shareholders in 2025 on September 23, with all nine directors voting in favor [2]