[Chahua Modern Home Furnishing Co., Ltd. 2025 Semi-Annual Performance Pre-Loss Announcement](index=1&type=section&id=%E8%8C%B6%E8%8A%B1%E7%8E%B0%E4%BB%A3%E5%AE%B6%E5%B1%85%E7%94%A8%E5%93%81%E8%82%A1%E4%BB%BD%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B82025%E5%B9%B4%E5%8D%8A%E5%B9%B4%E5%BA%A6%E4%B8%9A%E7%BB%A9%E9%A2%84%E4%BA%8F%E5%85%AC%E5%91%8A) The company's 2025 semi-annual performance is projected to be a loss, with specific financial estimates provided and key factors influencing this outcome [Current Period Performance Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%83%85%E5%86%B5) The company expects to continue incurring losses in the first half of 2025, but with a narrower loss margin compared to the same period last year - This performance forecast applies to situations where net profit is negative, covering the period from January 1, 2025, to June 30, 2025[2](index=2&type=chunk)[3](index=3&type=chunk) 2025 Semi-Annual Performance Forecast | Indicator | Estimated Amount (RMB) | | :--- | :--- | | Net Profit Attributable to Owners of the Parent Company | Approximately **-3.5 million** | | Net Profit Attributable to Owners of the Parent Company After Deducting Non-Recurring Gains and Losses | Approximately **-3.7 million** | - The data in this performance forecast has not been audited by a certified public accountant[3](index=3&type=chunk) [Operating Performance and Financial Status in the Same Period Last Year](index=1&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8A%E5%B9%B4%E5%90%8C%E6%9C%9F%E7%BB%8F%E8%90%A5%E4%B8%9A%E7%BB%A9%E5%92%8C%E8%B4%A2%E5%8A%A1%E7%8A%B6%E5%86%B5) Compared to the projected loss in the first half of 2025, the company's loss in the same period of 2024 was more severe, indicating an expected improvement in operating losses for the first half of 2025 2024 Semi-Annual Performance Review | Indicator | Amount (RMB) | | :--- | :--- | | Total Profit | **-15.4101 million** | | Net Profit Attributable to Owners of the Parent Company | **-12.6791 million** | | Net Profit Attributable to Owners of the Parent Company After Deducting Non-Recurring Gains and Losses | **-14.3401 million** | | Basic Earnings Per Share | **-0.05** | [Main Reasons for the Current Period's Projected Loss](index=1&type=section&id=%E4%B8%89%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E4%BA%8F%E7%9A%84%E4%B8%BB%E8%A6%81%E5%8E%9F%E5%9B%A0) The company attributes the current period's projected loss to challenging external market conditions, particularly the continuous decline in traditional supermarket channel consumption, though its core competitiveness remains unaffected - The primary reason for the projected loss is the impact of declining consumption in traditional supermarket channels on the company's original main business, leading to a certain degree of decrease in sales volume and operating revenue[6](index=6&type=chunk) - The company believes this performance fluctuation is temporary, and its core competitiveness and going concern ability have not undergone significant adverse changes[6](index=6&type=chunk) [Risk Warning](index=2&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) The company explicitly states that this performance forecast is a preliminary calculation based on the finance department's professional judgment and has not been audited by a certified public accountant, thus final data may differ - This performance forecast is a preliminary calculation by the company's finance department and has not been audited by a certified public accountant, thus it contains uncertainties[7](index=7&type=chunk) [Other Explanatory Matters](index=2&type=section&id=%E4%BA%94%E3%80%81%E5%85%B6%E4%BB%96%E8%AF%B4%E6%98%8E%E4%BA%8B%E9%A1%B9) The company reminds investors that the data in this announcement are preliminary calculations only, and the final, accurate financial data will be subject to the company's officially disclosed 2025 semi-annual report, urging investors to be aware of investment risks - The final accurate financial data will be subject to the company's officially disclosed 2025 semi-annual report, reminding investors to be aware of investment risks[8](index=8&type=chunk)

Group 1 - *ST San Sheng (002742.SZ): The controlling shareholder Pan Xianwen's 32.2 million shares have been transferred, accounting for 7.30% of the total share capital, reducing his holding from 17.26% to 16.75, with no change in company control [1] - Aikang Co., Ltd. (300889.SZ): Shareholders Zhang Fengbin and Feng Renrong reduced their holdings by a total of 1.76 million shares, accounting for 1.06% of the total share capital, completing the reduction plan [1] - Allianz Ruishi (301042.SZ): Director Shen Lei reduced his holdings by 98,700 shares, accounting for 0.14% of the total share capital, with the reduction plan period ending [1] Group 2 - Baotong Technology (300031.SZ): Controlling shareholder Bao Zhifang and director Tang Yu plan to reduce their holdings by up to 8.3749 million shares and 1.526988 million shares, accounting for no more than 2% and 0.36% of the total share capital, respectively [2] - Biyiwei (688045.SH): Shareholders Fang Guang Erqi and Yuan Chengjun plan to reduce their holdings by up to 139,680 shares and 69,840 shares, accounting for no more than 2% and 1% of the total share capital, respectively [2] - Chahua Co., Ltd. (603615.SH): Shareholder Shenzhen Hanjinliang reduced 2.397 million shares, accounting for 0.99% of the total share capital, completing the reduction plan [2] Group 3 - Dacai Co., Ltd. (605287.SH): Shareholder Qingdao Dikuang Chanquan Development Co., Ltd. reduced 3.64 million shares, accounting for 2.60% of the total share capital, completing the reduction plan [3] - Dize Pharmaceutical (688192.SH): Vice President Zhang Shiying reduced 161,550 shares, accounting for 0.0035% of the total share capital, completing the reduction plan [3] - Fuhan Micro (300613.SZ): Controlling shareholder's concerted action party plans to reduce up to 6.90208 million shares, accounting for 3% of the total share capital [3] Group 4 - Guanghuan Xinwang (300383.SZ): Directors and vice presidents plan to reduce a total of up to 720,476 shares, accounting for no more than 0.04% of the total share capital [4] - Hanyu Group (300403.SZ): Director and Vice President Wu Geming plans to reduce up to 1 million shares, accounting for 0.1658% of the total share capital [4] - Haosen Intelligent (688529.SH): Shareholders plan to reduce a total of up to 3 million shares, accounting for 1.7838% of the total share capital [4] Group 5 - Huilong New Materials (301057.SZ): Controlling shareholder's concerted action party plans to reduce up to 3.482902 million shares, accounting for 3% of the total share capital excluding repurchased shares [5] - Huitong Co., Ltd. (688219.SH): Shareholder Tong'an Fund reduced 4.667815 million shares, accounting for 0.93% of the total share capital, completing the reduction plan [5] Group 6 - Jiangsu Shentong (002438.SZ): Shareholder Huzhou Fenglin Huoshan Equity Investment Partnership reduced a total of 14.205 million shares, accounting for 2.798808% of the total share capital, completing the reduction plan [6] - Jiangtian Chemical (300927.SZ): Shareholder Jiangshan Co., Ltd. reduced 1.3265 million shares, accounting for 0.92% of the total share capital [6] - Jin Sanjiang (301059.SZ): Shareholder Guangzhou Saina reduced 104,900 shares, accounting for 0.05% of the total share capital, completing the reduction plan [6] Group 7 - Jingxue Energy (301010.SZ): Controlling shareholder's concerted action party reduced 1.08 million shares, accounting for 1% of the total share capital, completing the reduction plan [7] - Jiuwu High-Tech (300631.SZ): Vice President Wang Xiaohu and Cheng Junjun plan to reduce up to 18,900 shares and 5,000 shares, accounting for no more than 0.1511% and 0.04% of the total share capital, respectively [7] - Kanghui Pharmaceutical (603139.SH): Shareholder Shanghai Sailoxian plans to reduce up to 2.9964 million shares, accounting for 3% of the total share capital [7] Group 8 - Meino Biological (301156.SZ): Shareholder's concerted action party reduced 1.297029 million shares, accounting for 0.92% of the total share capital, completing the reduction plan [8] - Minfa Aluminum Industry (002578.SZ): Shareholder Huang Tianhuo reduced 6.6702 million shares, accounting for 0.71% of the total share capital, reducing his holding to 4.9963% [8] - Nuo Puxin (002215.SZ): Directors and senior management plan to reduce a total of up to 1.8607 million shares, accounting for no more than 0.185% of the total share capital [8] Group 9 - Entropy Technology (301330.SZ): Shareholders reduced a total of 4,693,864 shares, accounting for 1.9556% of the total share capital, completing the reduction plan [9] - Shengbang Co., Ltd. (301233.SZ): Supervisor Hu Jilin plans to reduce up to 5,650 shares, accounting for 0.0111% of the total share capital [9] - Shudao Equipment (300540.SZ): Senior management did not reduce their shares, and the reduction plan period has ended [9] Group 10 - Tongyu Communications (002792.SZ): Controlling shareholder and actual controller Shi Guiqing plans to reduce up to 15,653,487 shares, accounting for 2.9963% of the total share capital [10] Group 11 - Wuzhou Xinchun (603667.SH): Senior management plans to reduce a total of up to 22,500 shares, accounting for no more than 0.0061%, 0.0067%, and 0.0037% of the total share capital [11] - New Sharp Co., Ltd. (688257.SH): Senior management plans to reduce up to 750,000 shares, accounting for no more than 0.2971% of the total share capital [11] - New Hope (000876.SZ): Senior management reduced 225,000 shares, accounting for 0.005% of the total share capital, completing the reduction plan [11] Group 12 - Youke De (688158.SH): Shareholder Zhongyi Capital reduced 882,766 shares, accounting for 0.19% of the total share capital, completing the reduction plan [12] - Changqing Technology (001324.SZ): Shareholders reduced a total of 4,165,050 shares, accounting for 3.00% of the total share capital, completing the reduction plan [12] - Changxin Bochuang (300548.SZ): Shareholders plan to reduce up to 8.6 million shares, accounting for 2.95% of the total share capital [12] Group 13 - Zhongfu Industrial (600595.SH): Shareholder Henan Yicheng Chuangtou plans to reduce up to 40 million shares, accounting for 1% of the total share capital [13] - Zhuhai Ming Technology (300232.SZ): Controlling shareholder Lin Mingfeng plans to reduce up to 21,722,009 shares, accounting for 1.99% of the total share capital [13] - Zhuoyi Information (688258.SH): Employee shareholding platform plans to reduce up to 2,271,445 shares, accounting for no more than 1.88% of the total share capital [13]

Summary of Key Points Core Viewpoint - The announcement details the results of a share reduction plan by a major shareholder of Chahua Modern Home Products Co., Ltd, indicating a partial execution of the planned share reduction and the current holding status of the shareholder [1][2]. Shareholder Holding Situation - Before the reduction plan, Shenzhen Hanjinliang Private Securities Investment Fund Management Co., Ltd held 12,775,600 shares, accounting for 5.28% of the total share capital of the company [1][3]. Reduction Plan Implementation Results - The reduction plan was announced on March 14, 2025, with a target to reduce up to 7,254,600 shares (3.00% of total shares) within three months [2]. - During the reduction period from April 8, 2025, to July 7, 2025, the shareholder reduced 2,397,000 shares through centralized bidding, representing 0.99% of the total share capital [3][4]. - The reduction price ranged from 20.58 to 23.13 CNY per share, totaling approximately 52,230,395 CNY [3][4]. Current Shareholding Status - After the reduction, the shareholder currently holds 10,378,600 shares, which is 4.29% of the total share capital [4]. - The actual reduction achieved was less than the initially planned reduction, with 4,857,600 shares remaining unexecuted from the original plan [3][4].

茶花现代家居用品股份有限公司 证券代码：603615 证券简称：茶花股份 公告编号：2025-031 持股 5%以上股东减持股份结果公告 本公司董事会、全体董事及相关股东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： 股东持股的基本情况 本次减持计划实施前，茶花现代家居用品股份有限公司（以下简称"公司"） 持股 5%以上股东深圳含金量私募证券投资基金管理有限公司-含金量配置六号 私募证券投资基金（以下简称"深圳含金量"）持有公司股份 12,775,600 股，占 公司总股本的 5.28%。股份来源为通过协议转让取得。 减持计划的实施结果情况 公司于 2025 年 3 月 14 日披露了《持股 5%以上股东减持股份计划公告》（公 告编号：2025-012），深圳含金量计划自减持计划公告披露之日起 15 个交易日后 的 3 个月内，通过集中竞价和大宗交易方式合计减持公司股份不超过 7,254,600 股，即不超过公司总股本的 3.00%；其中通过集中竞价减持不超过 2,418,200 股， 即不超过公司总股本的 1.00%；通过大宗交易 ...

Core Insights - The home storage industry originated in the United States during the 1980s, driven by economic growth and increased consumer demand, leading to a rise in home organization services [1][11] - China's home storage products market is expected to grow significantly, with a market size projected to exceed 300 billion yuan by 2025, up from 101.279 billion yuan in 2020 [1][11] - The industry is supported by rising disposable income and consumer spending, with per capita disposable income in China increasing from 21,966 yuan in 2015 to 41,314 yuan in 2024, reflecting a compound annual growth rate of 7.27% [9][11] Industry Overview - Home storage products are primarily plastic items designed to organize and store various household items, including storage boxes, bags, cabinets, and shelves [3] - The industry is characterized by a supply chain that includes upstream plastic materials, midstream manufacturing, and downstream sales channels such as e-commerce and retail [5] Market Dynamics - The demand for home storage products is rapidly increasing due to urbanization and the fast-paced lifestyle of residents in major cities, leading to a growing consumption of these products [1][11] - The plastic storage box segment is particularly popular, with a market size of approximately 1.093 billion yuan in 2024, driven by rising consumer demand [13] Competitive Landscape - The industry features a competitive landscape with leading companies such as Chahua Co., Ltd., Jialian Technology, and Taili Technology, which dominate the market [15][17][19] - The market is fragmented, with many small and medium-sized enterprises, leading to intense price competition and a prevalence of low-end products [21] Challenges - The industry faces challenges from numerous small enterprises producing low-quality products, which complicates market competition [21] - Rising labor costs and a shortage of skilled labor are pressing issues that necessitate automation and technological upgrades within the industry [22][23] Future Trends - Consumer preferences are shifting towards high-quality, personalized, and eco-friendly products, prompting companies to innovate in design and production [24][25] - The integration of online and offline sales channels is accelerating, with a focus on experiential marketing and digital engagement to enhance consumer experience [26]

Core Viewpoint - The operational difficulties of Chahua Co., Ltd. are becoming increasingly evident, with the controlling Chen family focusing on cashing out, having cumulatively reduced their holdings by 25.82%, amounting to 1.2 billion yuan [1][3][63] Group 1: Company Performance - Chahua Co., Ltd. specializes in household plastic products and has faced significant operational challenges, with revenue projected at only 560 million yuan for 2024 and a terrifyingly low capacity utilization rate of around 30% [3][6][9] - Since its listing in 2017, the company has only earned a total of 200 million yuan over eight years, while distributing 330 million yuan in dividends, resulting in an average payout ratio of 164% [5][12][27] - The company has experienced continuous losses, with the most recent year (2024) also showing a loss [9][12] Group 2: Shareholder Actions - The Chen family has significantly reduced their stake from 68.81% at the time of listing to 38.18% currently, with major family members either fully cashing out or retaining negligible shares [18][27] - The family has engaged in multiple large-scale share transfers, including a notable transfer of 22.11% of shares for 353 million yuan, and a subsequent transfer of 15.06% for 677 million yuan [20][24][21] - The family has utilized the "agreement transfer" method to circumvent restrictions on market sales, allowing for larger reductions in shareholding without significant market impact [41][63] Group 3: Strategic Shifts - The company has announced a strategic shift from plastic manufacturing to semiconductor distribution, which appears to be more of a marketing tactic rather than a genuine business transformation [35][63] - The introduction of Dama Technology as a major shareholder is framed as a move to enhance company value, but the financial health of Dama Technology raises concerns about its capability to contribute meaningfully [39][63] Group 4: Market Dynamics - The stock price of Chahua Co., Ltd. has seen significant fluctuations, with a notable surge in October 2023 coinciding with the announcement of share transfers, raising questions about potential market manipulation [31][50][63] - The number of shareholders has decreased significantly since the company's listing, indicating a concentration of shares among a smaller group, which is characteristic of stocks that may be subject to manipulation [51][53]

为进一步加强与投资者的互动交流，茶花现代家居用品股份有限公司（以下 简称"公司"）将参加由福建证监局指导,福建省上市公司协会主办与深圳市全 景网络有限公司联合举办的"2025年福建辖区上市公司投资者网上集体接待日活 动"，现将相关事项公告如下： 证券代码：603615 证券简称：茶花股份 公告编号：2025-030 茶花现代家居用品股份有限公司 关于参加 2025 年福建辖区上市公司投资者 网上集体接待日活动的公告 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。 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 (http://rs.p5w.net)，或关注微信公众号：全景财经，或下载全景路演APP，参 与本次互动交流，活动时间为2025年5月14日(周三)15:30-17:00。届时公司高管 将在线就公司 2024年度业绩、公司治理、发展战略、经营状况、可持续发展等 投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资者踊跃参与。 特此公告。 茶花现代家居用品股份有限公司 董 事 会 2025年4月30日 ...

Financial Performance - The company reported a basic earnings per share of -0.0061 yuan for Q1 2025, a decrease of 56.41% compared to -0.0039 yuan in Q1 2024, and a decline from 0.0084 yuan in Q1 2023 [1] - The net profit for Q1 2025 was -0.01 billion yuan, unchanged from Q1 2024, and a decrease from 0.02 billion yuan in Q1 2023 [1] - The operating revenue for Q1 2025 was 1.36 billion yuan, down 4.23% from 1.42 billion yuan in Q1 2024, and a decrease from 1.67 billion yuan in Q1 2023 [1] - The return on equity was -0.13% in Q1 2025, a decline of 62.5% from -0.08% in Q1 2024, and a decrease from 0.17% in Q1 2023 [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 15,895.99 million shares, accounting for 65.73% of the circulating shares, with a decrease of 344.23 million shares compared to the previous period [1] - The largest shareholder, Chen Guanyu, holds 4,579.66 million shares, representing 18.94% of the total share capital, with no change [2] - Shenzhen Dama Technology Information Co., Ltd. is the second-largest shareholder with 3,642.37 million shares, accounting for 15.06%, also unchanged [2] - CITIC Securities Co., Ltd. reduced its holdings by 205.13 million shares, now holding 215.29 million shares, representing 0.89% [2] Dividend Policy - The company has decided not to distribute dividends or allocate shares this time [3]

Financial Performance - The company's operating revenue for Q1 2025 was ¥136,055,298.71, a decrease of 4.05% compared to ¥141,792,333.96 in the same period last year[4] - The net profit attributable to shareholders was -¥1,476,979.78, worsening from -¥931,338.10 year-on-year[4] - Basic and diluted earnings per share were both -¥0.0061, compared to -¥0.0039 in the same period last year[4] - Total operating revenue for Q1 2025 was ¥136,055,298.71, a decrease of 4.9% from ¥141,792,333.96 in Q1 2024[17] - Net profit for Q1 2025 was a loss of ¥1,476,979.78, compared to a loss of ¥931,338.10 in Q1 2024, representing an increase in loss of 58.6%[19] - Basic and diluted earnings per share for Q1 2025 were both -¥0.0061, compared to -¥0.0039 in Q1 2024[19] Cash Flow - The net cash flow from operating activities was -¥71,164,138.41, a significant decline from ¥12,071,534.53 in the previous year[4] - Cash inflow from operating activities in Q1 2025 was ¥141,468,460.23, a decrease of 16.6% from ¥169,707,418.06 in Q1 2024[20] - Cash paid for purchasing goods and services in Q1 2025 was ¥150,456,211.58, an increase from ¥93,291,915.31 in Q1 2024[20] - The company experienced a cash outflow of $33.19 million during the period, compared to a cash outflow of $32.34 million in the previous period[21] - The company reported a significant increase in cash received from loans, amounting to $184.10 million, up from $108.93 million[21] - Cash paid for debt repayment was $180.00 million, compared to $150.00 million in the previous period[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,520,501,309.04, slightly down by 0.13% from ¥1,522,549,488.69 at the end of the previous year[5] - The equity attributable to shareholders was ¥1,137,002,185.46, a decrease of 0.13% from ¥1,138,478,738.23 at the end of the previous year[5] - Current assets totaled RMB 1,019,782,386.07, an increase from RMB 1,006,542,991.69 at the end of 2024, driven by a rise in accounts receivable to RMB 84,205,140.61 from RMB 70,059,777.68[13][14] - Total liabilities stood at RMB 1,019,782,386.07, indicating a stable financial position relative to total assets[14] - Total liabilities as of the end of the reporting period were ¥383,499,123.58, a slight decrease from ¥384,070,750.46 in the previous year[16] Operational Insights - The increase in cash payments for goods purchased by the wholly-owned subsidiary Shenzhen Dama Technology Co., Ltd. contributed to the negative cash flow from operating activities[8] - The company reported a credit impairment loss of ¥1,108,473.51 in Q1 2025, compared to a loss of ¥148,827.15 in Q1 2024[18] - The company reported a significant increase in prepayments, which rose to RMB 35,648,826.40 from RMB 3,696,988.68, suggesting improved supplier relationships or inventory management[13] - The company has not reported any significant changes in major shareholders or their participation in margin trading activities[12] - There are no applicable reminders for investors regarding the company's operational status during the reporting period[12] Research and Development - Research and development expenses for Q1 2025 were ¥1,971,498.80, slightly down from ¥2,057,011.66 in Q1 2024[17] Accounting Standards - The company will not apply new accounting standards starting from 2025[22]

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： ●被担保人名称：达迈国际（香港）有限公司（以下简称"达迈香港"）。 ●本次担保金额及已实际为其提供的担保余额：本次最高担保金额为 1,500 万美元；截至本公告披露日，公司已实际为达迈香港提供的担保余额为 1,500 万 美元（含本次担保金额）。 ●因被担保人达迈香港系公司的全资子公司，本次担保无反担保。 ●公司无对外担保的债务逾期的情况。 证券代码：603615 证券简称：茶花股份 公告编号：2025-029 茶花现代家居用品股份有限公司 关于为全资子公司提供担保的进展公告 二、被担保人基本情况 1、公司名称：达迈国际（香港）有限公司 ●特别风险提示：本次被担保人达迈香港的资产负债率超 70%，敬请投资者 注意相关风险。 一、担保情况概述 （一）担保基本情况 为了满足日常经营发展需要，茶花现代家居用品股份有限公司（以下简称 "公司"）全资子公司达迈香港与Synaptics Hong Kong Limited（以下简称"新 思香港"）签订《经销协议》，公司于近日向 ...