重要内容提示： 会议召开时间：2025 年 06 月 12 日（星期四）13:00-14:00 会议召开地点：上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 06 月 05 日（星期四）至 06 月 11 日（星期 三）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或 通过公司邮箱 business@az.com.cn 进行提问。公司将在说明会上对投 资者普遍关注的问题进行回答。 亚振家居股份有限公司（以下简称"公司"）已于 2025 年 4 月 30 日发布公司 2024 年年度报告及 2025 年第一季度报告，为便于广 大投资者更全面深入地了解公司2024年度及2025年第一季度经营成 果、财务状况，公司计划于 2025 年 06 月 12 日（星期四）13:00-14:00 举行 2024 年度暨 2025 年第一季度业绩说明会，就投资者关心的问题 进行交流。 证券代码：603389 证券简称：*ST 亚振 公告编号：2025-032 亚振家居股份有限公司 关于召开 2024 年 ...

Core Viewpoint - *ST Yazhen's stock has experienced a significant increase of 93.14% from May 6 to May 30, 2025, which is substantially deviating from the Shanghai Composite Index and the furniture manufacturing industry, indicating potential market overheating and irrational speculation [1] Company Summary - The company has issued a warning to investors regarding the potential risk of a decline in stock price following the substantial short-term increase [1] - In the event of further significant anomalies in stock trading, the company will apply for a trading suspension for regulatory review to protect the legitimate rights and interests of small and medium investors [1]

Core Viewpoint - The recent strength in the ST sector is attributed to multiple factors, including increased market enthusiasm for restructuring and expectations for many ST companies to "remove the risk warning" [1][10]. Group 1: Recent Performance of ST Sector - The ST sector has experienced its strongest wave of growth this year, with the Wind ST index showing a cumulative increase of over 20% since the low on April 9, significantly outperforming the Shanghai and Shenzhen indices [4][5]. - Among the ST stocks, 134 out of the total have risen since April 9, accounting for about 70% of the total, with nearly 50 stocks seeing increases of over 30% [5]. - Notable performers include *ST Yushun, which surged by 215.83%, and several others with increases exceeding 50% [6]. Group 2: Factors Driving the Recent Strength - The overall rebound in the A-share market since April has positively influenced the ST sector, contributing to its recent performance [8]. - Specific announcements from companies, such as *ST Yazhen's share transfer agreement, have also played a role in boosting investor confidence and stock prices [9]. - The anticipation of "removing risk warnings" for several ST companies following the disclosure of annual and quarterly reports has further driven stock price increases, particularly for *ST Xianfeng [10]. Group 3: Ongoing Risks in the ST Sector - Despite the recent gains, many ST companies continue to report poor operating performance, with 163 stocks showing losses in 2024, representing over 80% of the total ST stocks [12]. - In the first quarter of 2025, 139 ST stocks also reported losses, indicating ongoing challenges within the sector [12].

证券代码：603389 证券简称：*ST 亚振 公告编号：2025-030 亚振家居股份有限公司 股票交易异常波动暨风险提示公告 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： 近期亚振家居股份有限公司（以下简称"公司"）A 股股票价格波动较大， 如后续公司股票交易进一步出现重大异常，为保护中小投资者合法权益，公司将 依规申请停牌核查。敬请广大投资者理性投资并注意投资风险。 公司股票于 2025 年 5 月 26 日、27 日、28 日连续三个交易日内日收盘价 格涨幅偏离值累计达到 12%，属于股票交易异常波动。公司股票短期涨幅与同期 上证指数、家具制造业存在严重偏离。根据中证指数有限公司官方网站发布的最 新滚动市盈率和市净率数据（更新日期：2025 年 5 月 27 日）显示，公司最新滚 动市盈率为亏损；市净率为 13.16，严重高于同行业水准。可能存在市场情绪过 热，非理性炒作情形。公司郑重提醒广大投资者，公司股价可能存在短期涨幅 较大后下跌的风险，请投资者务必充分了解二级市场交易风险，切实提高风险 意识， ...

证券代码：603389 证券简称：*ST 亚振 公告编号：2025-029 亚振家居股份有限公司 股票交易风险提示公告 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： 近期亚振家居股份有限公司（以下简称"公司"）A 股股票价格波动较大， 如后续公司股票交易进一步出现重大异常，为保护中小投资者合法权益，公司将 依规申请停牌核查。敬请广大投资者理性投资并注意投资风险。 生产经营风险。公司 2024 年度经审计的扣除非经常性损益后的净利润为 负值，且扣除与主营业务无关的业务收入和不具备商业实质的收入后的营业收入 低于 3 亿元，触及《上海证券交易所股票上市规则》第 9.3.2 条第一款第（一） 项规定，公司股票于 2025 年 5 月 6 日起实施退市风险警示。公司 2025 年第一季 度营业总收入为 4,067.57 万元（未审计），归属于上市公司股东的净利润为 -2,131.38 万元，归属于上市公司股东的扣除非经常性损益的净利润为-2,047.67 万元（未审计）。 公司股票自 2025 年 5 月 6 日至 ...

Group 1 - The cultivated diamond concept increased by 2.34%, ranking fifth among concept sectors, with 14 stocks rising, including Huanghe Xuanfeng and *ST Yazhen hitting the daily limit [1][2] - Notable gainers in the cultivated diamond sector include Chaohongji (+7.20%), Huifeng Diamond (+6.30%), and Sifangda (+5.47%) [1][2] - The sector experienced a net inflow of 192 million yuan, with Huanghe Xuanfeng leading the inflow at 176 million yuan [2][3] Group 2 - The top stocks by net inflow ratio include *ST Yazhen (49.62%), Huanghe Xuanfeng (47.73%), and China Gold (25.04%) [3][4] - The trading volume and turnover rates for key stocks in the cultivated diamond sector show significant activity, with Huanghe Xuanfeng having a turnover rate of 6.68% and a net inflow of 176.16 million yuan [3][4] - Stocks with notable declines include Chujian New Materials (-1.87%), Guoli Co. (-1.58%), and Inno Laser (-0.78%) [1][4]

Core Viewpoint - *ST亚振 has experienced significant stock price fluctuations following its designation as a risk warning stock, with a notable increase in stock price and trading activity despite ongoing financial challenges [1][2]. Group 1: Stock Performance - On May 26, *ST亚振's stock price closed at 11.13 yuan per share, reflecting a 5.00% increase [1]. - From May 6 to May 26, the stock achieved 12 trading limit increases, resulting in an overall price increase of 81.86% [1]. Group 2: Financial Performance - The company has reported negative net profits from 2021 to 2024, with the 2024 audited net profit being negative [1]. - In Q1 of this year, *ST亚振 achieved total revenue of 40.68 million yuan, a year-on-year increase of 26.83%, but still reported a net loss of 21.31 million yuan [3]. Group 3: Strategic Initiatives - The company plans to focus on specific regional markets and high-net-worth customer segments for high-end customized home solutions, while also expanding its mid-range product line [2]. - A share transfer agreement was signed, with the controlling shareholder transferring 78.83 million shares at a price of 5.68 yuan per share, totaling 448 million yuan [2]. Group 4: Control Change and Future Plans - Following the share transfer, the new controlling shareholder intends to make a tender offer for an additional 55.18 million shares at the same price, representing 21% of the total share capital [3]. - The company has indicated that there are currently no plans to change its main business operations within the next 12 months [3].

Core Viewpoint - *ST Yazhen has experienced significant stock price increases, achieving a cumulative rise of 81.86% over the past 15 trading days, with 12 instances of hitting the daily limit up [2] Group 1: Stock Performance - The stock recorded a trading volume of 1.769 million shares and a transaction amount of 19.5467 million yuan on the latest trading day, with a turnover rate of 0.67% [2] - The total market capitalization of the stock reached 2.924 billion yuan [2] - The stock has been listed on the "Dragon and Tiger List" three times due to a cumulative closing price deviation of 12% over three consecutive trading days [2] Group 2: Financial Performance - In the first quarter, the company reported total operating revenue of 41 million yuan, representing a year-on-year growth of 26.83% [2] - The net profit for the same period was -21 million yuan, showing a year-on-year increase of 24.60% [2] Group 3: Recent Trading Data - The stock's daily price changes and turnover rates over recent trading days indicate fluctuating investor sentiment, with notable net inflows and outflows of capital [2]

Core Viewpoint - *ST Yazhen (603389.SH) is experiencing a significant stock price surge despite facing a delisting risk due to continuous losses exceeding 400 million yuan over four years, with a recent increase of over 60% since May 6, 2023 [2][3] Group 1: Stock Performance - The stock has achieved 10 consecutive daily price limits since May 6, resulting in a cumulative increase of over 60% [2][3] - As of May 21, the stock price rose by 2.68%, closing at 10.34 yuan per share [2] - The stock's price increased from 5.02 yuan to 6.94 yuan between April 8 and April 17, prior to the announcement of favorable news [8] Group 2: Financial Performance - The company reported a total revenue of 202 million yuan and a net loss of 117 million yuan for 2024, with a cumulative loss exceeding 400 million yuan from 2021 to 2024 [3] - The net profits for the years 2021 to 2024 were losses of 66.83 million yuan, 89.29 million yuan, 129.1 million yuan, and 117 million yuan respectively [3] Group 3: Shareholder Changes and Market Activity - The controlling shareholder is in the process of transferring 29.99996% of shares to Wu Tao and his associates, which may lead to a change in control of the company [3][4] - Wu Tao, an experienced player in the capital market, is expected to provide support in liquidity, management, and asset structure [4] - The stock has attracted significant interest from retail investors and institutions, with multiple brokerage firms actively participating in trading [5][7] Group 4: Insider Trading Allegations - There are suspicions of insider trading due to the stock's price increase prior to the announcement of the share transfer [8] - The company has denied these allegations, stating that the stock's ownership is concentrated, with Shanghai Yazhen Investment Co., Ltd. holding approximately 55.12% of shares [8]

Market Overview - The Shanghai Composite Index experienced narrow fluctuations, closing at 3367.58 points, while the Shenzhen Component Index fell by 0.08% to 10171.09 points, and the ChiNext Index decreased by 0.33% to 2032.76 points [1] - The total trading volume in the Shanghai, Shenzhen, and Beijing markets reached 111.91 billion yuan, roughly the same as the previous day [1] Stock Performance - Over 3500 stocks rose, with notable surges in merger and acquisition concepts, including Jinlihua Electric, Tianyuan Pet, and Guangzhi Technology, all hitting the daily limit of 20% [1][3] - The ST sector also showed strength, with *ST Tianyu rising over 11% and ST Xiangxue nearly 10% [1][5] - Shipping stocks continued to perform well, with Lianyungang, Ningbo Shipping, and Nanjing Port achieving five consecutive limit-ups [1][6] Merger and Acquisition Concepts - The recent surge in merger and acquisition concepts is attributed to the revised regulations by the China Securities Regulatory Commission, which introduced a simplified review process for certain mergers [5] - This regulatory change is expected to enhance market vitality and create investment opportunities in innovative asset integration and large enterprises undergoing transformation [5] Shipping Sector - The shipping sector remains active, with several stocks, including Lianyungang and Ningbo Shipping, achieving five consecutive limit-ups [6] - A significant increase in shipping demand was noted following the reduction of tariffs between China and the U.S., with a 277% rise in average booking volume [8] Notable Stocks - *ST Yazhen achieved a 10-day limit-up streak, with a cumulative increase of 62.75% [9] - Chengfei Integration also hit the limit-up mark, marking its ninth consecutive increase [12]