Core Insights - The company reported a 65% year-on-year increase in overseas business revenue for the period from January to September 2025 [1] - The Middle East and Australia markets showed varying degrees of growth, with the Middle East market experiencing a nearly threefold increase in business performance during the first three quarters of the year [1] - The company's significant market share in the Middle East and strong partnerships with several leading clients contribute to the sustainability of these collaborations [1]

Core Viewpoint - The company is actively promoting its whole-home integration strategy, with significant growth in its wood door and wall panel business complementing its wardrobe category [1] Group 1: Business Performance - The wood door and wall panel business achieved a revenue growth of 62.01% year-on-year for the period from January to September 2025, increasing its contribution to total revenue to 12.66% [1] - In the third quarter, this business segment experienced a remarkable year-on-year growth of 140% [1]

| 证券代码：603801 | 证券简称：志邦家居 | 公告编号：2025-085 | | --- | --- | --- | | 债券代码：113693 | 债券简称：志邦转债 | | 志邦家居股份有限公司 关于召开 2025 年三季度业绩说明会的公告 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。 重要内容提示： 回答。 志邦家居股份有限公司（以下简称"公司"）已于 2025 年 10 月 31 日发布公 司 2025 年三季度报告，为便于广大投资者更全面深入地了解公司 2025 年三季度 的经营成果、财务状况，公司计划于 2025 年 11 月 25 日下午 15:00-16:00 举行 2025 年三季度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以视频结合网络互动召开，公司将针对 2025 年三季度经 营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的 范围内就投资者普遍关注的问题进行回答。 会议召开时间：2025 年 11 月 25 日(星期二)下午 15:0 ...

| 证券代码：603801 | 证券简称：志邦家居 | 公告编号：2025-084 | | --- | --- | --- | | 债券代码：113693 | 债券简称：志邦转债 | | 公司于 2025 年 10 月 31 日披露了 2025 年三季度报告。2025 年前三季度公 司实现营业收入 30.74 亿元，同比上年同期下滑 16.36%，实现归属于上市公司股 东的净利润 1.73 亿元，同比上年同期下滑 34.94%。2025 年前三季度公司毛利率 为 34.24%，同比下降 2.58 个百分点。 志邦家居股份有限公司 关于接待机构调研情况的公告 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。 志邦家居股份有限公司（以下简称"公司"）于 2025 年 10 月 31 日通过电 话会议交流形式接待了机构调研，现将情况公告如下： 一、调研情况 时间：2025 年 10 月 31 日 调研方式：电话会议交流 调研机构名称（排名不分先后）：广发基金、华夏基金、万家基金、中金基 金、银华基金、嘉实基金、国金基金、新华基金 ...

Core Viewpoint - The home furnishing industry is experiencing a slowdown in performance, with major companies reporting declining revenues and profits in their third-quarter reports, despite previous growth supported by subsidies [1][2][3]. Group 1: Company Performance - Oppein Home reported a revenue of 4.973 billion yuan in Q3, a decrease of 6.10% year-on-year, and a net profit of 814 million yuan, down 21.79% [1]. - Sophia's Q3 revenue was 7.008 billion yuan, down 8.46% year-on-year, with a net profit of 682 million yuan, a decline of 26.05% [2]. - ZB Home's revenue for the first three quarters was approximately 3.074 billion yuan, a decrease of 16.36%, with a net profit of about 173 million yuan, down 34.94% [4][5]. Group 2: Market Trends - The market is shifting from new housing to the existing housing market, with a growing focus on home improvement and renovation [3]. - Companies are facing increased competition in mature markets, which may impact their ability to boost performance [1][8]. Group 3: Overseas Expansion - Sophia has established 29 overseas dealers, covering 32 countries and regions, and completed 132 overseas projects, indicating a strategic push into international markets [7]. - Oppein has expanded its sales network to 146 countries, with overseas project orders increasing by over 40% year-on-year [7]. - ZB Home's overseas business has shown strong growth, achieving revenue of 217 million yuan, a year-on-year increase of 65% [7]. Group 4: Challenges and Strategies - Companies need to adapt to local market conditions and consumer preferences when expanding overseas, focusing on quality and design rather than just price competition [8]. - Sophia emphasizes a gradual approach to overseas expansion, aligning with local market characteristics and consumer habits [8].

Core Insights - The company reported a revenue of 3.074 billion yuan for the first three quarters of 2025, representing a year-on-year decline of 16.36% [1] - The net profit attributable to shareholders was 173 million yuan, down 34.94% year-on-year [1] - The net profit after deducting non-recurring items was 119 million yuan, reflecting a significant decrease of 48.92% year-on-year [1] - The basic earnings per share stood at 0.3997 yuan [1]

Core Insights - The company reported a revenue of 3.074 billion yuan for the first three quarters of 2025, representing a year-on-year decline of 16.36% [1] - The net profit attributable to shareholders was 173 million yuan, down 34.94% year-on-year [1] - The net profit after deducting non-recurring items was 119 million yuan, reflecting a significant decrease of 48.92% year-on-year [1] - The basic earnings per share stood at 0.3997 yuan [1]

Core Viewpoint - Zhibang Home achieved significant revenue and profit rankings in the customized furniture industry, indicating strong market presence and operational performance [2][3]. Group 1: Company Overview - Zhibang Home was established on April 4, 2005, and listed on the Shanghai Stock Exchange on June 30, 2017, with its headquarters in Hefei, Anhui Province [1]. - The company specializes in customized home furniture, focusing on integrated kitchen cabinets and custom wardrobes, and has a strong market recognition in the industry [1]. Group 2: Financial Performance - In Q3 2025, Zhibang Home reported revenue of 3.074 billion yuan, ranking third among 15 companies in the industry, with the top competitor, Oppein Home, generating 13.214 billion yuan [2]. - The main business segments include custom wardrobes (905 million yuan, 47.63%), integrated kitchen cabinets (711 million yuan, 37.43%), wooden doors (146 million yuan, 7.71%), and others (137 million yuan, 7.23%) [2]. - The net profit for the same period was 173 million yuan, also ranking third in the industry, with Oppein Home leading at 1.835 billion yuan [2]. Group 3: Financial Ratios - As of Q3 2025, Zhibang Home's debt-to-asset ratio was 46.72%, higher than the industry average of 41.92% [3]. - The gross profit margin was 34.24%, which, despite being lower than the previous year's 36.83%, exceeded the industry average of 29.57% [3]. Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 20.66% to 25,300, while the average number of shares held per shareholder decreased by 17.12% to 17,100 shares [5]. - Notably, Hong Kong Central Clearing Limited became the third-largest shareholder with 11.5941 million shares, marking its entry into the top ten shareholders [5]. Group 5: Market Outlook - Analysts from Huachuang Securities noted that while domestic sales faced challenges, overseas growth presented new opportunities, with retail channels benefiting from national subsidies [5]. - Longjiang Securities highlighted that the company is optimizing its operations and organizational structure to enhance market development in southern regions and is committed to its overseas expansion strategy [5].

证券代码：603801 证券简称：志邦家居 公告编号：2025-082 债券代码：113693 债券简称：志邦转债 志邦家居股份有限公司 关于 2025 年三季度主要经营情况的公告 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。 （二）主营业务分渠道情况 | 分渠道 | 营业收入（元） | 营业成本（元） | 毛利率 | 营业收入比 | 营业成本比 | 毛利率比上 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 上年增减 | 上年增减 | 年同期增减 | | | 零售业务 | 2,005,041,227.76 | 1,248,594,404.15 | 37.73% | -7.57% | -3.69% | 下降 2.51 | 个 | | | | | | | | 百分点 | | | 大宗业务 | 629,727,365.57 | 420,356,454.25 | 33.25% | -43.03% | -40.13% | 下降 3.24 | 个 | ...

志邦家居股份有限公司 2025 年第三季度报告 证券代码：603801 证券简称：志邦家居 志邦家居股份有限公司 2025 年第三季度报告 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： 公司董事会及董事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 1 / 12 志邦家居股份有限公司 2025 年第三季度报告 | 量净额 | | | | | | --- | --- | --- | --- | --- | | 基本每股收益（元/股） | 0.0811 | -69.84 | 0.3997 | -34.44 | | 稀释每股收益（元/股） | 0.0811 | -70.00 | 0.3997 | -34.69 | | 加权平均净资产收益率 （%） | 1.09 | 减少 2.48 个百分点 | 5. ...