投资者关系管理制度 恒林家居股份有限公司 投资者关系管理制度 (2025 年 8 月修订) 第一章 总 则 第一条 为了规范恒林家居股份有限公司（以下简称"公司"）的投资者关系 管理工作，促进公司完善治理、规范运作，切实保护投资者合法权益，推动公司 持续高质量发展，根据《中华人民共和国公司法》《中华人民共和国证券法》《上 市公司投资者关系管理工作指引》等有关法律、法规、部门规章、规范性文件、 《上海证券交易所股票上市规则》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》及上海证券交易所其他业务规则、本公司章程的有关规定，结 合公司实际情况，制定本制度。 第二条 投资者关系管理是指公司通过便利股东权利行使、信息披露、互动 交流和诉求处理等工作，加强与投资者及潜在投资者（统称为"投资者"）之间 的沟通，增进投资者对公司的了解和认同，以提升公司治理水平和企业整体价值， 实现尊重投资者、回报投资者、保护投资者目的的相关活动。 第三条 公司投资者关系管理的基本原则： （一）合规性原则。投资者关系管理活动应当在依法履行信息披露义务的基 础上开展，符合法律、法规、规章及规范性文件、行业规范和自律规则、公司内 部 ...

对外投资管理制度 恒林家居股份有限公司 对外投资管理制度 （四）投资股票、基金、债券、期货、衍生品等金融产品； （五）委托理财； （六）法律、法规允许且公司业务发展需要的其他对外投资。 第三条 本制度适用于公司及公司下属全资、控股子公司的对外投资行为。 （2025 年 8 月修订） 第一章 总则 第一条 为了加强恒林家居股份有限公司（以下简称"公司"）对外投资的 管理，规范公司对外投资行为，提高资金运作效率，依据《中华人民共和国公司 法》《上海证券交易所股票上市规则》（以下简称"《股票上市规则》"）《恒 林家居股份有限公司公司章程》（以下简称"《公司章程》"）等有关规定，结 合公司的实际情况，特制定本制度。 第二条 本制度所称对外投资，是指公司及公司全资、控股子公司作为出资 主体，以一定数量的货币资金、股权、实物或无形资产作价出资，进行各种形式 的对外投资的行为，具体包括： （一）股权类投资：包括新设全资、控股子公司或参股公司；向包括子公司、 参股公司在内的现有企业增资；与其他单位进行联营、合营；股权收购；认购新 发行股份等； （二）处置股权类投资：包括股权转让、股权退出、对现有投资企业减资等； （三）放弃现 ...

期货和衍生品交易管理制度 第一条 为规范恒林家居股份有限公司（以下简称公司）期货和衍生品交易 管理，防范投资风险，强化风险控制，保护公司和股东利益，根据《中华人民共 和国公司法》《中华人民共和国证券法》《上海证券交易所股票上市规则》《上 海证券交易所上市公司自律监管指引第 5 号——交易与关联交易》等相关法律、 法规、规范性文件及《公司章程》有关规定，结合公司实际情况，特制定本制度。 第二条 本制度所称期货交易是指以期货合约或者标准化期权合约为交易标的 的交易活动。 本制度所称衍生品交易是指期货交易以外的，以互换合约、远期合约和非标 准化期权合约及其组合为交易标的的交易活动。期货和衍生品的基础资产既可以 是证券、指数、利率、汇率、货币、商品等标的，也可以是上述标的的组合。 第三条 公司从事套期保值业务，是指为管理外汇风险、价格风险、利 率风险、信用风险等特定风险而达成与上述风险基本吻合的期货和衍生品交 易的活动。公司从事套期保值业务的期货和衍生品品种应当仅限于与公司生 产经营相关的产品、原材料和外汇等，且原则上应当控制期货和衍生品在种 类、规模及期限上与需管理的风险敞口相匹配。用于套期保值的期货和衍生 品与需 ...

印章管理制度 恒林家居股份有限公司 印章管理制度 （2025 年 8 月修订） 第一章 总则 第一条 为进一步规范恒林家居股份有限公司（以下简称"公司"）印章刻 制、管理、明确印章的使用范围和审批程序，促进印章管理标准化、流程化， 保障公司合法权益，结合公司实际情况，制定本制度。 第二条 本制度所指印章包括公章、法定代表人印章、合同专用章、财务专 用章、发票专用章、董事会章、部门章等具有法律效力的印章。 第三条 本制度适用于公司各印章的刻制、保管、使用、废止和变更等事宜。 公司各下属子公司印章管理参照本制度执行。 第二章 印章的刻制与备案 第四条 印章的刻制： 公司印章刻制必须经过内部审批程序，公司印章的刻制由公司法务部统一 负责。 第五条 印章刻制的审批权限： （一）公司公章、法定代表人印章及合同专用章由公司法务部提出申请， 经董事长审批通过后刻制。 （二）财务专用章及发票专用章由公司财务中心提出申请，经董事长审批 通过后刻制。 （三）董事会章由董事会办公室提出申请，经董事长审批通过后刻制。 （四）部门印章由使用部门提出申请，经公司总经理审批通过后刻制。 第六条 未经审批，任何部门和个人不准私自刻制公司印章 ...

恒林家居股份有限公司 会计师事务所选聘制度 （2025 年 8 月制定） 第一章 总则 会计师事务所选聘制度 第二条 本制度所称选聘会计师事务所，是指公司根据相关法律法规要求，聘 任会计师事务所对财务会计报告发表审计意见、出具审计报告的行为。 第三条 公司聘任会计师事务所从事除财务会计报告审计之外的其他法定审计 业务的，视重要性程度可以比照本制度执行。 （三）审议选聘文件，确定评价要素和具体评分标准，监督选聘过程； （四）提出拟选聘会计师事务所及审计费用的建议，提交公司决策机构决定； （五）监督及评估会计师事务所审计工作； 第一条 为规范恒林家居股份有限公司（以下简称"公司"）选聘（含续聘、 改聘）会计师事务所的行为，提升审计工作质量，根据《国有企业、上市公司选 聘会计师事务所管理办法》《上海证券交易所股票上市规则》等相关规定，结合 公司实际情况，制定本制度。 第二章 职责分工 第四条 公司审计委员会负责选聘会计师事务所工作，并监督其审计工作开展 情况。公司审计委员会应当切实履行下列职责： （一）按照公司董事会的授权制定选聘会计师事务所的政策、流程及相关内 部控制制度； （二）提议启动选聘会计师事务所相关工作 ...

Group 1 - The home goods sector increased by 0.58% on August 19, with Diou Home leading the gains [1] - The Shanghai Composite Index closed at 3727.29, down 0.02%, while the Shenzhen Component Index closed at 11821.63, down 0.12% [1] - Diou Home's stock price rose by 8.19% to 7.00, with a trading volume of 333,000 shares and a transaction value of 227 million [1] Group 2 - The home goods sector experienced a net outflow of 208 million from institutional funds, while retail investors saw a net inflow of 272 million [2] - The top losers in the home goods sector included Aigang Home, which fell by 9.97% to 15.17, with a trading volume of 424,100 shares and a transaction value of 673 million [2] - The trading data indicates that retail investors were more active, as they contributed to the net inflow despite the overall sector's decline [2][3] Group 3 - Major stocks like Xidamen and Songgu Technology saw significant gains, with Xidamen increasing by 7.68% to 14.59 and Songgu Technology rising by 6.92% to 29.06 [1] - The data shows a mixed performance among home goods stocks, with some experiencing substantial gains while others faced declines [2][3] - The overall market sentiment appears cautious, reflected in the net outflows from institutional and speculative funds [2][3]

Wind数据显示，近日，恒林股份(603661)获Wind ESG评级由A级上调至AA级，位居申万二级家具用品 行业前列。其中，社会维度得分高达8.78分，环境维度得分7.12分，均位居行业前列。 从历史数据来看，恒林股份Wind ESG评级连续2年上调，2023年及以前，公司ESG评级维持BBB级， 2024年上调至A级，今年再次上调至AA级，充分表明市场对公司ESG实践的认可，以及公司自身ESG实 践成效显著。 恒林股份是国内最大的办公椅制造商和出口商之一，超半数营收来自境外，2024年，公司境外营收占比 接近90%，境外营收占比创2017年以来新高。因此，公司自上市以来便极其重视ESG的实践和信息披 露。自2018年以来连续7年发布社会责任报告/ESG报告。 绿色发展理念贯穿企业运营 公司致力于成为世界一流的绿色家居企业，将环境保护与企业发展紧密结合，2023年12月，公司荣 获"国家级绿色工厂"荣誉。公司全面推进绿色转型，不仅在生产环节严守低碳环保原则，更积极倡导绿 色消费理念，引领行业向可持续方向升级。公司深知，环境保护不仅是一项社会责任，更是企业长远发 展的基石。因此，恒林股份在环境管理方面不断探 ...

Investment Rating - The report provides a positive outlook on various sectors, indicating a stable recovery in the home furnishing and paper packaging sectors, while new tobacco and packaging sectors show robust growth [3][4]. Core Insights - The home furnishing sector is expected to see marginal improvement in domestic demand due to government support for consumption upgrades, with a focus on companies with high dividend yields and growth certainty for 2025 [5][10]. - The new tobacco sector is experiencing growth, particularly in heated tobacco products (HTP), with significant sales increases reported in Europe and a growing user base for IQOS [11]. - The paper packaging sector is facing a gradual recovery in pulp prices, with a focus on companies that maintain strong market positions and high dividends [12]. - The light consumer goods and pet food sectors are under pressure, but there are opportunities in innovative product launches and channel expansion [15]. - The two-wheeler sector is poised for a rebound with government subsidies and new standards expected to drive demand [16][17]. Summary by Sections Home Furnishing - Domestic sales are expected to improve due to government initiatives, with a focus on companies with strong growth prospects and high dividends [5][10]. - Export figures show a slight increase in June, but a cumulative decline for the first half of the year [10]. New Tobacco - HNB sales increased by 10.5% year-on-year, with a growing user base for IQOS [11]. - The regulatory environment in the U.S. is tightening, which may benefit compliant market players [11]. Paper Packaging - Pulp prices have shown slight increases, but overall market conditions remain challenging [12]. - Companies with strong market positions and dividend policies are recommended for investment [12]. Light Consumer Goods & Pet Food - The sector is facing challenges, but there are opportunities in new product launches and expanding distribution channels [15]. - Online sales data indicates mixed performance across different product categories [23]. Two-Wheeler - The sector is expected to benefit from government subsidies and new regulations, with a focus on companies that can leverage these changes for growth [16][17]. - Recent data shows a significant number of electric bikes being replaced under the subsidy program [26][27].

Investment Rating - The report emphasizes a focus on companies with high earnings growth certainty and relatively high dividend support in the domestic market [4][9]. Core Insights - The home furnishing sector shows a year-on-year increase of 28.7% in furniture retail sales in June, but demand has weakened since July due to the lack of new government subsidies [4][9]. - The new tobacco sector is witnessing a recovery, with Smoore's H1 2025 revenue expected to grow by 18% year-on-year, indicating stabilization in the vaping business [15][16]. - The paper and packaging industry is experiencing price stabilization, with expectations for a recovery in demand for white cardboard and cultural paper [17][18]. - The light industry and personal care sector is facing a downturn, but there are investment opportunities in leading brands [19][20]. - The toy sector, particularly Bubble Mart, is highlighted for its strong performance, with a 94% year-on-year increase in online sales of blind boxes in Q2 [21][22]. - The two-wheeler market is expected to see a rebound in Q3, driven by new policies in Vietnam promoting electric vehicle replacements [22][31]. Summary by Sections Home Furnishing Sector - Retail sales of furniture increased by 28.7% year-on-year in June, but demand has weakened since July due to subsidy issues [4][9]. - The overall real estate investment decreased by 10.3% year-on-year in June, with residential construction area down by 4.3% [4][9]. New Tobacco Sector - Smoore's H1 2025 revenue is projected to grow by 18% year-on-year, indicating a recovery in the vaping market [15][16]. - The FDA's recent approvals for JUUL products suggest a positive trend in the U.S. compliance market [15][16]. Paper and Packaging Sector - Paper prices are stabilizing, with expectations for recovery in demand for specific paper types [17][18]. - The packaging sector is seeing improvements in profitability for metal packaging companies due to industry consolidation [17][18]. Light Industry and Personal Care - The sector is experiencing a downturn, but leading brands are still seen as investment opportunities [19][20]. - Online sales for personal care products have shown mixed results, with some categories facing increased competition [20][23]. Toy Sector - Bubble Mart is highlighted for its strong performance, with a 209% year-on-year increase in GMV [21][22]. - The overall toy market is benefiting from new operational models and IP advantages [21][22]. Two-Wheeler Market - The market is expected to rebound in Q3, with new policies in Vietnam promoting electric vehicle replacements [22][31]. - Leading companies in the sector are expected to show good growth in their mid-year reports [22][31].

Core Viewpoint - Henglin Co., Ltd. (603661) has shown a positive stock performance, with a closing price of 29.48 yuan as of July 4, 2025, reflecting a 3.19% increase from the previous week [1] Company Announcements - Henglin Co., Ltd. has announced an increase in guarantee amounts for its subsidiaries totaling over 200 million yuan, specifically adjusting 19.4 million Swiss francs for Lista Office Group AG [1] - The company provided a progress announcement regarding guarantees for its wholly-owned subsidiaries, with new guarantee amounts of 20 million yuan for Huzhou Hengxin Metal Products Co., Ltd., 10 million yuan for Nanjing Hengning Home Furnishing Co., Ltd., and 19.4 million Swiss francs (approximately 17 million yuan) for Lista Office Group AG [1] - The total amount of external guarantees overdue is 0 yuan, and as of July 2, 2025, the balance of external guarantees provided by the listed company and its controlling subsidiaries is 684.98 million yuan, accounting for 18.53% of the latest audited net assets [1] - The company has highlighted that it provides guarantees for units with a debt-to-asset ratio exceeding 70% and has adjusted the guarantee amount for Lista Office Group AG within the approved limit by the shareholders' meeting [1] - The adjustment amount for Lista Office Group AG accounts for 4.60% of the latest audited net assets, and the company has received approval for a total guarantee limit of up to 1.02389 billion yuan for its subsidiaries [1]