本次行权数量 公司 2023 年股票期权激励计划第一个行权期可行权数量为 206.745 万份， 行权期为 2024 年 11 月 27 日-2025 年 9 月 18 日（行权日须为交易日）。2025 年 第二季度累计行权并完成股份登记数量为 0 股，占本次可行权总量的 0%；截至 2025 年 6 月 30 日，累计行权并完成登记数量为 0 股，占本次可行权总量的 0%。 本次行权股票上市流通时间 | 债券代码：113693 | 债券简称：志邦转债 | | | --- | --- | --- | | 证券代码：603801 | 证券简称：志邦家居 | 公告编号：2025-057 | 志邦家居股份有限公司 关于 2023 年股票期权激励计划 2025 年第二季度 自主行权结果暨股份变动公告 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： 公司本次行权采用自主行权模式，激励对象行权所得股票于行权日（T 日）后的第一个交易日（T+1 日）到达股票账户，并于第二个交易日（T+2 日）上市交易。 一、本次股票期 ...

关于完成工商变更并换发营业执照的公告 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。 | 证券代码：603801 | 证券简称：志邦家居 | 公告编号:2025-056 | | --- | --- | --- | | 债券代码：113693 | 债券简称：志邦转债 | | 志邦家居股份有限公司 5、法定代表人：孙志勇 6、注册资本：人民币肆亿叁仟陆佰伍拾万伍仟柒佰壹拾叁圆整 7、成立日期：2005 年 04 月 04 日 8、经营范围：许可项目:道路货物运输(不含危险货物)(依法须经批准的项 目，经相关部门批准后方可开展经营活动，具体经营项目以相关部门批准文件或 许可证件为准) 志邦家居股份有限公司（以下简称"公司"）于 2025 年 1 月 9 日召开第五届 董事会第五次会议、第五届监事会第五次会议，2025 年 1 月 27 日召开 2025 年 第一次临时股东大会，审议通过了《关于调整公司回购专用证券账户股份用途并 注销的议案》，同意对回购专用证券账户中，2022 年回购方案回购的且尚未使用 的 100 股公司股份 ...

Core Viewpoint - The credit rating of Zhibang Home Furnishing Co., Ltd. is affirmed at AA with a stable outlook, reflecting its strong market position and brand recognition in the customized home furnishing industry [3][5][9]. Company Overview - Zhibang Home Furnishing holds a significant market position and brand awareness in the customized home furnishing sector, with a diverse product range and financing channels [3][7][9]. - The company has successfully issued convertible bonds in March 2025, enhancing its financing capabilities [6][10]. Financial Performance - As of March 2025, the total assets of the company reached 67.23 billion, with total liabilities at 31.91 billion, and total equity at 35.32 billion [6][20]. - The company's operating revenue for 2022 was 53.89 billion, which increased to 61.16 billion in 2023, but saw a decline to 52.58 billion in 2024 [20][24]. - The net profit for 2022 was 5.37 billion, which decreased to 3.85 billion in 2024 [20][24]. Market Environment - The customized home furnishing industry is experiencing intense competition, and fluctuations in the real estate market are impacting the sector [3][9]. - The government has introduced various policies to support the home furnishing industry, aiming to stabilize the real estate market and promote consumption [9][10]. Risks and Challenges - The company faces challenges related to high accounts receivable, with a significant amount tied to the real estate sector, which may affect cash flow and financial stability [3][9][20]. - The operational management of a large number of distributors and the geographical spread of these distributors present additional management difficulties [4][9]. Future Outlook - The company is expected to maintain a stable credit level in the near future, with potential for upward adjustments if market share and profitability improve significantly [5][6]. - The integration of the customized home furnishing industry is anticipated, with leading companies likely to capture more market share [9][10].

Group 1 - The core viewpoint of the announcement is that Zhihong Home has maintained its credit ratings for both the company and its convertible bonds, indicating stability in its financial standing [1][2] - The previous bond rating was "AA" and the issuer rating was also "AA," with a stable outlook, which remains unchanged in the current assessment [1][2] - The tracking credit rating was conducted by China Chengxin International Credit Rating Co., Ltd., based on a comprehensive analysis of the company's operational and financial conditions [2] Group 2 - The tracking rating report was issued on June 26, 2025, confirming the company's credit rating and outlook as stable [2] - The previous rating was conducted on August 5, 2024, and the results have not changed since then [1][2] - The detailed tracking rating report can be found on the Shanghai Stock Exchange website [2]

| 证券代码：603801 | 证券简称：志邦家居 | 公告编号:2025-055 | | --- | --- | --- | | 债券代码：113693 | 债券简称：志邦转债 | | 志邦家居股份有限公司 关于公开发行可转换公司债券 2025 年跟踪评级结果 的提示性公告 上述跟踪评级报告详见上海证券交易所网站（http://www.sse.com.cn/）。 特此公告。 志邦家居股份有限公司董事会 ●本次债项评级："AA"，主体评级："AA"，评级展望：稳定 ●本次评级结果较前次没有变化。 根据《上市公司证券发行注册管理办法》《上海证券交易所股票上市规则》 等相关规定，志邦家居股份有限公司（以下简称"公司"）委托信用评级机构中 诚信国际信用评级有限责任公司（以下简称"中诚信国际"）对公司 2025 年 3 月发行的"志邦转债"进行跟踪信用评级。 公司前次主体信用评级结果为 AA，前次评级展望为"稳定"，"志邦转债" 前次评级结果为 AA，评级机构为中诚信国际，评级时间为 2024 年 8 月 5 日。 中诚信国际在对公司经营情况、财务状况等进行综合分析与评估的基础上， 于 2025 年 6 月 26 日 ...

志邦家居股份有限公司 2025 年度跟踪评级报告 编号：信评委函字[2025]跟踪 1396 号 志邦家居股份有限公司 2025 年度跟踪评级报告 声 明 中诚信国际信用评级有限责任公司 2025 年 6 月 26 日 2 ⚫ 本次评级为委托评级，中诚信国际及其评估人员与评级委托方、评级对象不存在任何其他影响本次评级行为独立、 客观、公正的关联关系。 ⚫ 本次评级依据评级对象提供或已经正式对外公布的信息，以及其他根据监管规定收集的信息，中诚信国际按照相关 性、及时性、可靠性的原则对评级信息进行审慎分析，但中诚信国际对于相关信息的合法性、真实性、完整性、准 确性不作任何保证。 ⚫ 中诚信国际及项目人员履行了尽职调查和诚信义务，有充分理由保证本次评级遵循了真实、客观、公正的原则。 ⚫ 评级报告的评级结论是中诚信国际依据合理的内部信用评级标准和方法、评级程序做出的独立判断，未受评级委托 方、评级对象和其他第三方的干预和影响。 ⚫ 本评级报告对评级对象信用状况的任何表述和判断仅作为相关决策参考之用，并不意味着中诚信国际实质性建议任 何使用人据此报告采取投资、借贷等交易行为，也不能作为任何人购买、出售或持有相关金融产品 ...

Investment Rating - The report suggests a focus on companies with high earnings growth certainty and relatively high dividend support in the domestic furniture sector, as well as certain export companies with strong growth logic or overseas production capacity advantages [4][9]. Core Insights - The furniture retail sales in China saw a year-on-year increase of 25.6% in May, with a cumulative increase of 21.4% from January to May. However, the overall order situation has weakened since June, indicating a potential fatigue in demand stimulation from national subsidies [4][9]. - In the new tobacco sector, the glo hilo product launched in Japan is expected to accelerate revenue growth in the second half of 2025, supported by strong marketing resources from BAT [4][12]. - The paper packaging sector is experiencing price stability, with a focus on growth-oriented packaging companies. The report highlights the need to monitor the performance of major paper types and the overall supply pressure in the market [4][15]. - The light consumer goods and pet sectors are seeing increased online competition, with a focus on companies that demonstrate clear growth narratives and operational capabilities [4][16]. - The two-wheeler market is expected to see a rebound in the second half of the year, driven by new national standards and product launches, despite a temporary slowdown due to subsidy fund exhaustion [4][19]. Summary by Sections Furniture Sector - Domestic retail sales of furniture increased by 25.6% in May, with a cumulative increase of 21.4% from January to May. However, the order situation has weakened since June, indicating potential fatigue in demand stimulation [4][9]. - Recommended companies include Sofía, Gujia Home, Mousse, and others, focusing on those with high earnings growth certainty and dividend support [4][9]. New Tobacco - The glo hilo product launched in Japan is expected to accelerate revenue growth in the second half of 2025, with strong marketing support from BAT [4][12]. - Recommended companies include Smoore International, which is expected to benefit from the expansion of the overseas compliant market [4][12]. Paper and Packaging - The paper sector is experiencing price stability, with major paper types showing no significant improvement in orders. The report emphasizes the importance of monitoring growth-oriented packaging companies [4][15]. - Recommended companies include Yutong Technology and others, focusing on those with stable operations and growth potential [4][15]. Light Consumer Goods & Pets - The light consumer goods sector is seeing increased online competition, with a focus on companies that demonstrate clear growth narratives and operational capabilities [4][16]. - Recommended companies include Guibao Pet and others, focusing on those with resilient consumer demand and growth potential [4][16]. Two-Wheeler Market - The two-wheeler market is expected to see a rebound in the second half of the year, driven by new national standards and product launches, despite a temporary slowdown due to subsidy fund exhaustion [4][19]. - Recommended companies include Yadi Holdings and others, focusing on those with strong product capabilities and market expansion potential [4][19].

| 证券代码：603801 | 证券简称：志邦家居 | 公告编号:2025-053 | | --- | --- | --- | | 债券代码：113693 | 债券简称：志邦转债 | | 志邦家居股份有限公司 关于因权益分派调整"志邦转债"转股价格的提示性公告 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： ●调整前转股价格：12.12 元/股 ●调整后转股价格：11.52 元/股 ●"志邦转债"本次转股价格调整实施日期：2025 年 6 月 18 日 综上，本次因实施 2024 年年度权益分派对可转债转股价格进行调整符合《募 集说明书》的相关规定。 二、转股价格调整公式与调整结果 根据《募集说明书》的相关条款及有关规定，"志邦转债"转股价格的调整 公式具体如下（保留小数点后两位，最后一位四舍五入）： ●"志邦转债"尚未进入转股期 志邦家居股份有限公司（以下简称"公司"）经中国证券监督管理委员会《关 于同意志邦家居股份有限公司向不特定对象发行可转换公司债券注册的批复》 （证监许可〔2025〕233 号）， ...

| 证券代码：603801 | 证券简称：志邦家居 | 公告编号：2025-054 | | --- | --- | --- | | 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 2023 年股票期权激励计划限制行权期间的 提示性公告 三、公司将按照有关规定及时向中国证券登记结算有限责任公司上海分公司申 请办理限制行权相关事宜。 特此公告。 志邦家居股份有限公司董事会 2025 年 6 月 11 日 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。 根据《上市公司股权激励管理办法》《上海证券交易所上市公司自律监管指南 第八号——股权激励计划股票期权自主行权》《志邦家居股份有限公司 2023 年股票 期权激励计划（草案）》及中国证券登记结算有限责任公司上海分公司关于股票期 权自主行权的相关规定， 并结合志邦家居股份有限公司（以下简称"公司"或"志邦家 居"）2024 年度权益分派实施计划，现对公司 2023 年股票期权激励计划股票期权行 权时间进行限定，具体如下： 一、公司 2023 年股 ...

债券代码：113693 债券简称：志邦转债 证券代码：603801 证券简称：志邦家居 公告编号：2025-052 志邦家居股份有限公司 2024年年度权益分派实施公告 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： 每股分配比例 A 股每股现金红利0.6元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/17 | － | 2025/6/18 | 2025/6/18 | 差异化分红送转： 否 一、 通过分配方案的股东会届次和日期 本次利润分配方案经志邦家居股份有限公司（以下简称"公司"）2025 年 5 月 21 日的2024 年年度股东会审议通过。 1. 发放年度：2024年年度 2. 分派对象： 三、 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ ...