Core Viewpoint - Beijing Houyi Capital Management Co., Ltd. plans to reduce its stake in Chahua Modern Household Products Co., Ltd. by up to 7.2546 million shares, representing 3% of the company's total share capital, due to its own funding needs [1][4]. Shareholder Holding Status - As of the announcement date, Beijing Houyi holds 13.2624 million shares, accounting for 5.48% of Chahua's total share capital. These shares were acquired through a share transfer agreement signed on December 18, 2023, at a price of 13.81 yuan per share [2]. Details of the Reduction Plan - The reduction plan will be executed through a combination of centralized bidding and block trading, with a total reduction not exceeding 7.2546 million shares. The breakdown includes a maximum of 2.4182 million shares (1% of total shares) through centralized bidding and 4.8364 million shares (2% of total shares) through block trading. The reduction period is set from December 8, 2025, to March 7, 2026 [3]. Source of Shares and Historical Commitments - All shares intended for reduction are sourced from the aforementioned share transfer agreement. The reduction plan aligns with the commitments made by Beijing Houyi at the time of the share acquisition [4].

证券代码：603615 证券简称：茶花股份 公告编号：2025-050 茶花现代家居用品股份有限公司 持股 5%以上股东减持股份计划公告 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 截至本公告披露日，茶花现代家居用品股份有限公司（以下简称"公司"） 持股 5%以上股东北京厚毅资本管理有限公司－厚毅－新征程 8 号私募证券投资 基金（以下简称"北京厚毅"）持有公司股份 13,262,378 股，占公司总股本的 5.48%。股份来源为通过协议转让取得。 减持计划的主要内容 (二)股东此前对持股比例、持股数量、持股期限、减持方式、减持数量、减 持价格等是否作出承诺 √是 □否 2023 年 12 月 18 日，公司实际控制人之一陈明生先生、实际控制人的一致 行动人陈苏敏女士与北京厚毅签署了《股份转让协议》，陈明生先生、陈苏敏女 士拟通过协议转让方式分别将其所持有的公司股份 6,477,700 股、6,784,678 股 （合计 13,262,378 股，占公司总股本的 5.48%）以 ...

智通财经APP讯，茶花股份(603615.SH)公告，公司股东北京厚毅资本管理有限公司-厚毅-新征程8号私 募证券投资基金(简称"北京厚毅")计划自本公告披露之日起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725.46万股，即不超过公司总股本的3.00%。 ...

格隆汇11月16日丨茶花股份(603615.SH)发布公告，因股东自身发展资金需求，公司持股5%以上股东北 京厚毅资本管理有限公司－厚毅－新征程8号私募证券投资基金（以下简称"北京厚毅"）计划自本公告 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725.46万 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241.82万股，即不超过公司总股本的 1.00%；通过大宗交易减持不超过483.64万股，即不超过公司总股本的2.00%。 ...

格隆汇11月16日丨茶花股份(603615.SH)发布公告，因股东自身发展资金需求，公司持股5%以上股东北 京厚毅资本管理有限公司－厚毅－新征程8号私募证券投资基金（以下简称"北京厚毅"）计划自本公告 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725.46万 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241.82万股，即不超过公司总股本的 1.00%；通过大宗交易减持不超过483.64万股，即不超过公司总股本的2.00%。 ...

茶花股份（603615）(603615.SH)公告，公司股东北京厚毅资本管理有限公司-厚毅-新征程8号私募证券 投资基金(简称"北京厚毅")计划自本公告披露之日起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725.46万股，即不超过公司总股本的3.00%。 ...

人民财讯11月16日电，茶花股份（603615）11月16日公告，股东北京厚毅资本管理有限公司-厚毅-新征 程8号私募证券投资基金(简称"北京厚毅")持有公司5.48%股份，计划通过集中竞价和大宗交易方式，合 计减持公司股份不超过725.46万股，即不超过公司总股本的3%。 ...

茶花股份公告，持股5%以上股东北京厚毅资本管理有限公司－厚毅－新征程8号私募证券投资基金因自 身发展资金需求，计划自本公告披露之日起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7254600股，即不超过公司总股本的3.00%。 ...

Core Viewpoint - Chahua Co., Ltd. is undergoing significant changes, transitioning from traditional plastic household products to semiconductor distribution, amidst financial struggles and family shareholder sell-offs [3][5][8]. Traditional Business Challenges - Chahua's traditional business, focused on daily plastic products, is facing severe operational difficulties, with total revenue of only 560 million in 2024 and a low capacity utilization rate of around 30% [6][7]. - The company has reported continuous profit declines, with cumulative net profits of approximately 200 million since its IPO in 2017, while distributing 330 million in dividends, resulting in an average payout ratio of 164% [6]. - The company is shifting its marketing strategy from reliance on traditional supermarkets to a multi-channel approach, including the development of "Chahua Living Halls" and expansion into Southeast Asian markets [6]. Shareholder Sell-offs - The controlling Chen family has been actively reducing their stake in the company, with their ownership dropping from 68.81% at the time of the IPO to 38.18% recently [10]. - The family has sold approximately 7% of their shares between 2020 and 2022, raising 145 million, and has planned significant share transfers to private equity firms, totaling 10.76% of shares for 353 million in November 2023 [12][13]. Transition to Semiconductor Distribution - The company is entering the semiconductor distribution sector by acquiring 100% of Shenzhen Dama Technology Intelligent Co., Ltd., which had minimal net assets and profits prior to the acquisition [15]. - The new business model focuses on electronic component distribution, acting as a bridge between IC manufacturers and end customers, with applications in various electronic fields [15]. Financial Performance and Cash Flow Issues - In the first half of 2025, the company reported a revenue increase of 41.55% to 374 million, but still faced a net loss of 3.67 million [17]. - The new semiconductor distribution business generated 136 million in revenue but could not offset the losses from the traditional business [17]. - By the third quarter of 2025, revenue surged to 514 million, a 240.50% increase, with the new business contributing significantly to this growth, yet cash flow remained negative due to high operational costs [19][22]. Market Reactions and Stock Price Movements - Following the announcement of share transfers and the transition to a new business model, the company's stock price saw a dramatic increase from 9.5 to 28.4 per share, marking a nearly 200% rise [22]. - The number of shareholders has decreased significantly, indicating a concentration of shares among fewer investors [22].

Group 1 - The core point of the announcement is the completion of the share reduction plan by the company's director and senior management, specifically Mr. Chen Zhihai, who reduced his holdings by 40,000 shares, representing 0.02% of the total share capital [1][2][3] - Prior to the reduction, Mr. Chen held 160,000 shares, which accounted for 0.07% of the company's total share capital, obtained through the 2019 restricted stock incentive plan [1] - The reduction plan was disclosed on September 17, 2025, and was executed within the stipulated timeframe, with Mr. Chen successfully reducing his shares as planned [2][3] Group 2 - The reduction was conducted through centralized bidding, and Mr. Chen's total shareholding was reduced by 25% of his original holdings [1] - There were no concerted actions from other parties involved in the share reduction [3] - The company confirmed that the actual reduction matched the previously disclosed plan, with no early termination of the reduction plan [3]