Core Viewpoint - The company is seeking to expand its overseas presence by investing $16 million in a self-built production base in Vietnam, driven by increasing competition in the domestic home furnishing industry and a need to enhance supply chain resilience [1][3][5]. Group 1: Investment and Expansion - The investment in Vietnam will be allocated for capacity construction and essential operational activities, including land acquisition, factory construction, and equipment purchase [3]. - This marks the company's ongoing efforts to establish overseas production facilities, having previously attempted similar projects in Mexico and Vietnam [1][4]. - The move is seen as a strategic choice to overcome domestic market challenges and tap into new growth opportunities [4][7]. Group 2: Financial Performance - In the third quarter, the company reported revenue of 1.125 billion yuan, a slight decline of 0.05% year-on-year, and a net loss of 17.44 million yuan, contrasting with a profit of 2.48 million yuan in the same period last year [5]. - Over the past four years, the company's revenue has fluctuated significantly, with net profits showing a "roller coaster" pattern, indicating instability in its profitability [5][6]. - Despite a revenue rebound in 2023, the company is projected to face another net loss in 2024, highlighting ongoing financial challenges [5]. Group 3: Market Dynamics - The domestic home furnishing market is experiencing intensified competition, with rising raw material costs and labor expenses squeezing profit margins [6]. - The company's sales model is primarily export-oriented, with export revenue accounting for over 97% of its main business income from 2021 to 2024 [7]. - The trend of domestic home furnishing companies investing in Southeast Asia, particularly Vietnam, is accelerating, driven by favorable labor costs and tax incentives [7][8]. Group 4: Challenges and Opportunities - Establishing overseas production bases presents both opportunities and challenges, including high initial investments and navigating local regulations and cultural differences [8]. - Brand recognition remains a long-term challenge for Chinese home furnishing companies in international markets, despite improvements in product quality and design [8]. - The shift from being "global laborers" to "global value chain players" emphasizes the need for a comprehensive approach to brand positioning and market adaptation [8].

中源家居股份有限公司 2025 年第二次临时股东会 会议材料 会议时间：2025 年 11 月 26 日 0 目 录 | 中源家居股份有限公司 年第二次临时股东会会议须知 2 | 2025 | | --- | --- | | 中源家居股份有限公司 年第二次临时股东会会议议程 4 | 2025 | | 议案一：关于变更注册资本并修订《公司章程》的议案 5 | | 1 中源家居股份有限公司 2025 年第二次临时股东会会议须知 为了维护全体股东的合法权益，确保股东会的正常秩序和议事效率，保证股东 会的顺利进行，根据中国证监会《上市公司股东会规则》及《公司章程》的规定， 特制定本须知： 一、本公司根据《公司法》《证券法》《上市公司股东会规则》及《公司章程》 的规定，认真做好召开股东会的各项工作。 二、本次股东会期间，全体参会人员应以维护股东的合法权益，确保股东会的 正常秩序和议事效率为原则，自觉履行法定义务。 三、为保证本次股东会的严肃性和正常秩序，除出席会议的股东及股东代理人、 董事、公司高级管理人员、公司聘任律师及中介机构外，公司有权依法拒绝其他人 员入场，对于干扰股东会秩序，寻衅滋事和侵犯其他股东合法权益的行 ...

11月13日，中源家居盘中上涨2.06%，截至13:15，报16.82元/股，成交1942.28万元，换手率0.94%，总 市值21.21亿元。 中源家居所属申万行业为：轻工制造-家居用品-成品家居。所属概念板块包括：微盘股、小盘、QFII持 股、跨境电商、出海概念等。 截至9月30日，中源家居股东户数1.01万，较上期增加44.92%；人均流通股12428股，较上期减少 30.82%。2025年1月-9月，中源家居实现营业收入11.25亿元，同比减少0.05%；归母净利润-1744.38万 元，同比减少802.46%。 分红方面，中源家居A股上市后累计派现7023.62万元。近三年，累计派现1743.62万元。 机构持仓方面，截止2025年9月30日，中源家居十大流通股东中，中信保诚多策略混合(LOF)A （165531）退出十大流通股东之列。 责任编辑：小浪快报 资金流向方面，主力资金净流入96.84万元，大单买入130.14万元，占比6.70%，卖出33.30万元，占比 1.71%。 中源家居今年以来股价涨54.74%，近5个交易日涨6.25%，近20日涨14.73%，近60日涨10.66%。 今年以来 ...

Core Viewpoint - The company announced the renewal of the "Consistent Action Agreement" between its controlling shareholder and actual controllers to ensure stable control and orderly development of the company [1] Group 1 - The controlling shareholder, Anji Changjiang Investment Co., Ltd., and actual controllers Hu Linfu and Cao Yong notified the company about the renewal [1] - The original agreement was signed on November 12, 2020, and has now expired [1] - The renewal aims to maintain the continuity and stability of the company's control [1]

证券代码：603709 证券简称：中源家居 公告编号：2025-066 中源家居股份有限公司 关于控股股东、实际控制人续签 一致行动人协议的公告 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个别及连带责任。 中源家居股份有限公司（以下简称"中源家居"或"公司"）于近日收到公 司控股股东安吉长江投资有限公司（以下简称"长江投资"）及实际控制人胡林 福先生、曹勇先生的通知，鉴于各方于2020年11月12日签署的《一致行动人协议》 （以下简称"原协议"）到期，为保证公司控制权的持续、稳定，实现公司的平 稳、有序发展，公司控股股东与实际控制人续签了《一致行动人协议》，继续作 为一致行动人。相关事宜公告如下： 一、本次续签《一致行动人协议》的背景 截至本公告日，公司控股股东长江投资持有公司股份 47,738,808 股，占公 司总股本的 37.86%，其中胡林福先生持有长江投资 51%的股权，曹勇先生持有长 江投资 49%的股权。另曹勇先生直接持有公司股份 35,240,492 股，占公司总股 本的 27.95%。实际控制人胡林福先生和曹勇先生 ...

证券代码：603709 证券简称：中源家居 公告编号：2025-065 中源家居股份有限公司 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个别及连带责任。 重要内容提示： 会议召开时间：2025 年 11 月 25 日（星期二）14:00-15:00 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 11 月 18 日（星期二）至 11 月 24 日（星期一）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 zoy1@zoy-living.com 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。 中源家居股份有限公司（以下简称"公司"）已于 2025 年 10 月 30 日发布公 司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司 2025 年第三 季度经营成果、财务状况，公司计划于 2025 年 11 月 25 ...

格隆汇11月12日丨中源家居(603709.SH)公布，公司于近日收到公司控股股东安吉长江投资有限公司 （称"长江投资"）及实际控制人胡林福先生、曹勇先生的通知，鉴于各方于2020年11月12日签署的《一 致行动人协议》（以下简称"原协议"）到期，为保证公司控制权的持续、稳定，实现公司的平稳、有序 发展，公司控股股东与实际控制人续签了《一致行动人协议》，继续作为一致行动人。 ...

Core Viewpoint - Zhongyuan Home Furnishing Co., Ltd. plans to invest approximately 1.14 billion RMB (1600 million USD) to establish a production base in Ho Chi Minh City, Vietnam, aiming to enhance supply chain resilience and market competitiveness [1][2]. Company Summary - The investment will be used for land acquisition, factory construction, and equipment procurement, funded by the company's own or raised funds [1]. - The project will be implemented by Zhongyuan Home Furnishing's wholly-owned subsidiary in Vietnam and will proceed in phases based on market demand and funding availability [1]. - In 2024, the company reported a revenue of 1.602 billion RMB but incurred a net loss of 42 million RMB, with a slight revenue decline of 0.05% year-on-year in the first three quarters of this year [1]. Industry Summary - Establishing production facilities in Vietnam has become a common strategy for furniture companies focused on export to mitigate foreign trade fluctuations [2].

Core Viewpoint - Zhongyuan Home Furnishing Co., Ltd. plans to invest $16 million (approximately 114 million RMB) to establish a production base in Ho Chi Minh City, Vietnam, aiming to enhance supply chain resilience and support business expansion [3]. Group 1: Investment Details - The investment will be used for land acquisition, factory construction, and equipment procurement, funded by the company's own or raised funds [3]. - The project will be implemented by Zhongyuan Home Furnishing's indirectly 100% owned subsidiary in Vietnam and will proceed in phases based on market demand and funding availability [3]. Group 2: Financial Performance - In 2024, Zhongyuan Home Furnishing reported a revenue of 1.602 billion RMB but incurred a net loss of 42 million RMB, with a slight year-on-year revenue decline of 0.05% in the first three quarters of this year [3]. Group 3: Strategic Rationale - The establishment of the overseas factory is intended to address external uncertainties and enhance the company's market competitiveness without adversely affecting its financial status or main business [3]. - Investing in Vietnam has become a common strategy among furniture companies focused on export to mitigate fluctuations in foreign trade [4].

Core Viewpoint - The company, Zhongyuan Home Co., Ltd., has announced the convening of its second extraordinary general meeting of shareholders for 2025, scheduled for November 26, 2025, to discuss various important matters including investment decisions and changes to the company's capital structure [2][20]. Meeting Details - The extraordinary general meeting will be held on November 26, 2025, at 14:30 in Hangzhou, Zhejiang Province [2]. - Voting will be conducted through a combination of on-site and online methods, utilizing the Shanghai Stock Exchange's network voting system [3][5]. - Shareholders must register to attend the meeting, with specific requirements outlined for both individual and corporate shareholders [11][12]. Investment Decisions - The board of directors has approved a proposal to invest $16 million in establishing a self-built production base in Vietnam, which aims to enhance the company's supply chain resilience and support business expansion [17][26]. - The investment will cover land acquisition, construction of facilities, and procurement of equipment [28]. - The project is expected to be implemented in phases, depending on market demand and funding availability [29]. Capital Changes - The company plans to change its registered capital and amend its articles of association following the repurchase and cancellation of 94,300 restricted shares, reducing the total share capital from 126,171,500 shares to 126,077,200 shares [21][22]. - This change is part of the company's strategy to align its capital structure with its operational needs and shareholder interests [31]. Shareholder Rights and Voting - Shareholders are encouraged to participate in the voting process, with provisions for those holding multiple accounts to aggregate their voting rights [7][9]. - The company will provide reminders and assistance to small and medium-sized investors to ensure their participation in the meeting [9][10]. Shareholder Equity Changes - A significant shareholder, Mr. Cao Yong, has reduced his stake in the company by 1%, from 69.97% to 68.97%, through a series of share sales between October 17 and November 7, 2025 [34][37]. - This reduction does not affect the control of the company, as the shareholder remains within the previously disclosed reduction plan [36].