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 ...

证券代码：603615 证券简称：茶花股份 公告编号：2025-028 茶花现代家居用品股份有限公司 2025 年第一季度主要经营数据公告 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。 根据上海证券交易所《关于做好主板上市公司2025年第一季度报告披露工作 的重要提醒》和《上海证券交易所上市公司自律监管指引第3号行业信息披露： 第十三号——化工》的要求，茶花现代家居用品股份有限公司（以下简称"公司"） 2025年第一季度主要经营数据披露如下（以下数据不包含公司全资子公司深圳市 达迈科技智能有限公司的相关经营数据）： 一、主要产品的生产量、销售量及库存量 单位：吨 | 主要产品 | 生产量 | 销售量 | 库存量 | | --- | --- | --- | --- | | 塑料制品 | 3,905.12 | 3,895.40 | 4,276.05 | | 非塑料制品 | 889.47 | 1,054.58 | 868.32 | 二、主要产品的主营业务收入、主营业务成本 三、主要原材料的价格变动情况 四、以上经营数据来源于公司2 ...

地址：中国福州市鼓楼区洪山园路华润万象城三期 TB#写字楼 22 层 电话：（86 591）8806 5558 网址：http://www.zenithlawyer.com 关于茶花现代家居用品股份有限公司 2024 年年度股东大会的 法 律 意 见 书 福建至理律师事务所 1 福建至理律师事务所 关于茶花现代家居用品股份有限公司 2024 年年度股东大会的法律意见书 闽理非诉字〔2025〕第 058 号 致：茶花现代家居用品股份有限公司 福建至理律师事务所（以下简称本所）接受茶花现代家居用品股份有限公司 （以下简称公司）之委托，指派陈禄生、林静律师（以下简称本所律师）出席公 司 2024 年年度股东大会（以下简称本次会议或本次股东大会），并依据《中华人 民共和国公司法》（以下简称《公司法》）、《中华人民共和国证券法》（以下简称 《证券法》）、《上市公司股东会规则》（中国证券监督管理委员会公告〔2025〕7 号，以下简称《上市公司股东会规则》）、《上海证券交易所上市公司自律监管指 引第 1 号——规范运作(2023 年 12 月修订)》（上证发〔2023〕193 号，以下简称 《自律监管指引第 1 号》）等有 ...

证券代码：603615 证券简称：茶花股份 公告编号：2025-027 茶花现代家居用品股份有限公司 2024年年度股东大会决议公告 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一) 股东大会召开的时间：2025 年 4 月 21 日 (二) 股东大会召开的地点：福建省福州市晋安区鼓山镇蕉坑路 168 号茶花现 代家居用品股份有限公司（以下简称"公司"）一楼会议室 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 89 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 130,310,337 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 53.8873 | | 份总数的比例（%） | | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由公司董事会召集，董事长陈葵生先生主持。本次股东大会会 议采用 ...

股票上市地点：上海证券交易所 股票简称：茶花股份 股票代码：603615 茶花现代家居用品股份有限公司 简式权益变动报告书 上市公司名称：茶花现代家居用品股份有限公司 信息披露义务人：深圳含金量私募证券投资基金管理有限公司（代表"含金 量配置六号私募证券投资基金"） 住所/通讯地址：深圳市前海深港合作区南山街道梦海大道 5033 号前海卓越 金融中心（一期）8 号楼 1407-2C 股份变动性质：股份减少，持股比例变动至 5% 签署日期：2025 年 4 月 11 日 信息披露义务人声明 一、本报告书系信息披露义务人依据《中华人民共和国公司法》《中华人民 共和国证券法》《上市公司收购管理办法》《公开发行证券的公司信息披露内容 与格式准则第 15 号——权益变动报告书》及相关的法律、法规和规范性文件编 写。 二、信息披露义务人签署本报告书已获得必要的授权和批准。 三、依据《中华人民共和国证券法》《上市公司收购管理办法》的规定，本 报告书已全面披露了信息披露义务人在茶花现代家居用品股份有限公司拥有权 益的股份变动情况。截至本报告书签署之日，除本报告书披露的信息外，信息披 露义务人没有通过任何其他方式增加或减少其在 ...