志邦家居股份有限公司（以下简称"公司"）于 2025 年 4 月 29 日在《证券 日报》《证券时报》《上海证券报》和上海证券交易所网站（www.sse.com.cn） 上披露了公司《2024 年年度报告》及《2025 年第一季度报告》。为便于广大投 资者更深入、全面地了解公司经营情况，公司于 2025 年 5 月 22 日召开了"2024 年年度暨 2025 年第一季度业绩说明会"。现将会议召开情况公告如下： 一、业绩说明会召开基本情况 公司于 2025 年 4 月 29 日在上海证券交易所网站(www.sse.com.cn)和《证券 日报》《证券时报》《上海证券报》披露了公司《2024 年年度报告》及《2025 年第一季度报告》。 2025 年 5 月 22 日 15:00-16:30 ， 公 司 通 过 上海 证 券 报 · 中 国 证 券 网 (https://roadshow.cnstock.com)以视频直播和网络互动方式召开了"2024 年年度暨 2025 年第一季度业绩说明会"。公司董事长孙志勇先生、董事会秘书兼财务总 监孙娟女士、独立董事王文兵先生、国元证券股份有限公司保荐代表人谢天宇先 生 ...

Core Viewpoint - The legal opinion issued by Anhui Tianhe Law Office confirms that the procedures for convening and holding the 2024 Annual General Meeting of Zhibang Home Furnishing Co., Ltd. comply with relevant laws and regulations, ensuring the legality and validity of the resolutions passed during the meeting [1][5][19]. Group 1: Meeting Procedures - The 2024 Annual General Meeting is scheduled for May 21, 2025, and was convened following a resolution made at the board meeting on April 28, 2025 [2][4]. - The notice for the meeting was announced at least 20 days prior, detailing the meeting type, date, time, location, voting methods, and agenda [2][4]. - The meeting was held at the specified location and time, with the agenda aligning with the notice [4][5]. Group 2: Attendance and Qualifications - A total of 13 shareholders or their representatives attended the meeting in person, while 404 participated via online voting [5][6]. - The qualifications of attendees and the convenor were verified and found to be in compliance with relevant laws and the company's articles of association [5][6]. Group 3: Proposals and Voting Results - The meeting reviewed several proposals, including the 2024 Board of Directors' Work Report, financial statements, and profit distribution plans [5][6]. - Voting was conducted through written ballots and online systems, with results announced immediately after voting concluded [7][8]. - The proposals received overwhelming support, with approval rates exceeding 99% for most items, indicating strong shareholder backing [8][9][10][12][21].

Meeting Details - The shareholders' meeting of Zhibang Home Co., Ltd. was held on May 21, 2025, at the administrative building in Hefei, Anhui Province [1] - The meeting was convened by the board of directors and chaired by Chairman Sun Zhiyong, utilizing a combination of on-site and online voting methods [2] Attendance and Voting - A total of 57.2873% of the shares were represented at the meeting [1] - The voting process complied with the Company Law and the company's articles of association, with results announced immediately after the counting [2] Resolutions Passed - All non-cumulative voting proposals were approved with significant support, including: - 99.8373% of A-shareholders voted in favor of the first resolution [2] - 99.8391% of A-shareholders supported the second resolution [2] - 99.8709% of A-shareholders approved the third resolution [3] - 99.8474% of A-shareholders voted in favor of the fourth resolution [3] - 99.6110% of A-shareholders supported the fifth resolution [4] Legal Compliance - The meeting's procedures, attendance qualifications, and voting results were confirmed to be in accordance with relevant laws and regulations, ensuring the legality and validity of the resolutions passed [6][7]

志邦家居法律意见书 安徽天禾律师事务所 关于 志邦家居股份有限公司 2024 年年度股东大会 之 法律意见书 安徽天禾律师事务所 ANHUI TIANHE LAW OFFICE 地址：安徽省合肥市濉溪路 278 号财富广场 B 座东楼 15-16 层 电话：（0551）62642792 传真：（0551）62620450 网址：http://www.tianhelaw.cn 志邦家居法律意见书 安徽天禾律师事务所 关于志邦家居股份有限公司 2024 年年度股东大会 之法律意见书 本所律师已严格履行法定职责，遵循了勤勉尽责和诚实信用原则，对志邦家 居的行为以及本次会议的召集和召开程序、出席会议人员的资格和召集人资格、 本次会议的议案、会议的表决程序和结果等有关事宜进行了充分的核查验证，保 证本法律意见书不存在虚假记载、误导性陈述及重大遗漏。 本所律师同意将本法律意见书作为公司本次会议的必备文件公告，在中国证 监会指定的信息披露网站上披露，并依法对本法律意见承担责任。 基于以上声明，本所律师按照律师行业公认的业务标准、道德规范和勤勉尽 责精神，根据志邦家居提供的本次会议的有关材料，对因出具本法律意见书而需 要提供 ...

志邦家居股份有限公司 证券代码：603801 证券简称：志邦家居 公告编号：2025-048 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 5 月 21 日 (二)股东大会召开的地点：安徽省合肥庐阳工业园连水路 19 号行政楼 101 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 | 417 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 250,062,450 | | 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 | | | 份总数的比例（%） | 57.2873 | (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，公司董事长孙志勇先生主持。本次会议以 现场投票和网络投票相结合的方式对本次股东大会通知中列明的事项进 ...

| 证券代码：603801 | 证券简称：志邦家居 | 公告编号:2025-047 | | --- | --- | --- | | 债券代码：113693 | 债券简称：志邦转债 | | 志邦家居股份有限公司 关于诉讼进展及以物抵债事项的公告 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： ●案件所处的诉讼阶段：执行阶段。 ●上市公司所处的当事人地位：申请执行人。 ●涉案的金额：执行总标的为人民币合计 142,431,600.54 元。2024 年 8 月 8 日，已执行接收人民币 10,975,519.65 元，剩余执行标的为人民币合计 131,456,080.89 元（截止 2025 年 1 月 17 日剩余本金 89,024,480.35 元、资金 占 用 费 11,355,555.56 元 、 违 约 金 19,591,131.89 元 、 迟 延 履 行 利 息 9,979,913.09 元、评估费 1,500,000.00 元、保全费 5,000.00 元）。 ●是否会对上市公司损益产生负面影 ...

Core Viewpoint - The real estate market is entering a post-cycle phase, with new home sales and revenue declining significantly, leading to a softening in home consumption and increased demand for renovation in the secondary market [1] Group 1: Market Performance - In 2024, the total sales area of new commercial housing reached 97.385 million square meters, a year-on-year decrease of 12.9%, while the sales revenue totaled 96,750 billion yuan, down 17.1% [1] - Residential sales area and revenue fell by 14.1% and 17.6% respectively compared to 2023 [1] Group 2: Company Financials - The net cash flow from operating activities for nine major companies totaled 8.724 billion yuan, a decline of 21.4% from 2023, with nearly 80% of companies experiencing a decrease [2] - Gold Medal Home's net cash flow from operating activities dropped by 40.7%, significantly higher than the declines in revenue and net profit [3] Group 3: Contract Liabilities and Receivables - Approximately two-thirds of the nine companies saw an increase in contract liabilities, indicating a potential recovery in end-demand [5] - Gold Medal Home's contract liabilities surged by 150.3% to 485 million yuan compared to 2023 [5] - PIANO's accounts receivable plummeted by 59.4% to 209 million yuan, with the lowest turnover rate among the nine companies [6] Group 4: Financial Ratios - The average asset-liability ratio for the nine custom home companies was approximately 49.6%, a slight increase of 0.6% from 2023 [9] - Gold Medal Home had the lowest asset-liability ratio at 34.3%, up 2.3% year-on-year [9] - PIANO reduced its asset-liability ratio by 2.3 percentage points due to decreased operational liabilities and asset scale [9]

Core Insights - The real estate market in China is experiencing a downturn, with new residential property sales area dropping by 12.9% and sales revenue decreasing by 17.1% in 2024 compared to 2023 [1] - The custom home furnishing industry is facing challenges due to the sluggish real estate market, leading to a significant decline in revenue for major companies [2][5] Group 1: Industry Performance - In 2024, the total revenue of nine major custom home furnishing companies fell to 47.195 billion yuan, a decrease of 15.2% year-on-year [1] - The top revenue-generating company, Oppein Home, reported 18.925 billion yuan, contributing approximately 40% of the total revenue [1] - The revenue decline was most pronounced for PIANO, which saw a 32.7% drop, while Gold Medal Home experienced the smallest decline of less than 5% [1][2] Group 2: Quarterly Performance - In Q1 2024, about two-thirds of custom home furnishing companies maintained revenue growth, with companies like Sophia and Gold Medal Home achieving over 10% year-on-year growth [2] - By Q2 and Q3, the impact of the real estate downturn became evident, with four companies reporting revenue declines exceeding 20% in Q2, and this proportion increased to 77.8% in Q3 [2] - In Q4, while some companies managed to stabilize their revenue through strategic adjustments, others, particularly smaller firms, continued to see worsening performance [2] Group 3: Product Segment Performance - In 2024, Oppein Home's cabinet revenue was 5.450 billion yuan, which was 2.3 times that of the second-ranked Zhijia Home, despite a year-on-year decline of 22.5% [5][7] - Gold Medal Home was the only company to report growth in wardrobe revenue, increasing by 1.4% to 1.059 billion yuan [5][6] - The overall performance in the wood door segment was mixed, with Gold Medal Home achieving a revenue increase of 1.8%, while Oppein Home's wood door revenue fell by 17.7% [6][7] Group 4: Sales Channels - The majority of custom home furnishing companies experienced a reduction in the number of stores, with Oppein Home having 7,813 stores, nearly double that of Zhijia Home [8] - Gold Medal Home had the smallest reduction in store count, with only 23 stores closed, but its direct sales revenue plummeted by 89.6% [8][10] - The large-scale business segment saw a general contraction, with only Gold Medal Home reporting an increase in revenue [9] Group 5: International Expansion - Several companies, including Oppein Home and Zhijia Home, have made significant strides in international markets, with overseas revenue increasing by nearly 37% on average [9] - Oppein Home's global sales network now covers 146 countries and regions, while Zhijia Home has expanded to 15 countries including Australia and the USA [9]

志邦家居股份有限公司 2024 年年度股东大会会议资料 志邦家居股份有限公司 2024 年年度股东大会 （证券代码：603801） 会议资料 2025 年 5 月 1 志邦家居股份有限公司 2024 年年度股东大会会议资料 | | | 目 录 | | | --- | --- | --- | --- | | 2024 | 年年度股东大会会议须知 | 3 | | | 2024 | 年年度股东大会会议议程 | 4 | | | 2024 | 年年度股东大会审议议案 | | 5 | | 议案 | 1：2024 年度董事会工作报告 | | 5 | | 议案 | 2：2024 年度监事会工作报告 | | 8 | | 议案 | 3：2024 年度财务决算报告 | | 11 | | 议案 | 4：关于 2024 年度利润分配方案的议案 | | 16 | | 议案 | 5：关于续聘 2025 年度审计机构的议案 | | 18 | | 议案 | 6：关于新增 2025 年日常关联交易预计的议案 | | 21 | | 议案 | 7：关于使用部分闲置自有资金进行委托理财的议案 | | 25 | | 议案 | 8：关于为子公司提供担保的 ...

Core Viewpoint - The company reported a decline in revenue and net profit for 2024, with expectations for gradual improvement in 2025 due to government subsidies and retail performance recovery [1][2]. Financial Performance - In 2024, the company achieved revenue of 5.258 billion, net profit of 385 million, and non-recurring net profit of 340 million, representing year-on-year declines of 14%, 35%, and 38% respectively [1]. - For Q4 2024, the revenue, net profit, and non-recurring net profit were 1.583 billion, 119 million, and 107 million, showing year-on-year declines of 28%, 51%, and 52% respectively [1]. - In Q1 2025, the figures were 818 million for revenue, 42 million for net profit, and 36 million for non-recurring net profit, with year-on-year changes of -0.3%, -11%, and -8% respectively [1]. Retail and Market Trends - Retail revenue for Q4 2024 to Q1 2025 showed a year-on-year decline of 12%, but improved from a decline of 15% in Q3 2024, indicating a narrowing drop due to effective government subsidies [2]. - Direct sales business saw a significant increase of 92% year-on-year, linked to the nationwide subsidy initiative [2]. - Contract liabilities at the end of Q1 2025 increased by 9% year-on-year, suggesting a positive outlook for Q2 2025 [2]. Profitability and Cost Management - In Q4 2024, gross margin increased by 0.3 percentage points, while expenses related to sales, management, R&D, and finance decreased year-on-year [3]. - The company faced an increase in asset impairment losses, which contributed to a decline in net profit margins [3]. - For Q1 2025, gross margin decreased by 5.1 percentage points, with declines in dealer and direct sales margins attributed to changes in order structure [3]. Strategic Outlook - The company aims to enhance customer value through a comprehensive approach and optimize its organizational structure to support growth in southern markets and international expansion [4]. - Focus areas include increasing market penetration in Australia and North America, while also exploring emerging markets in Southeast Asia and the Middle East [4]. - The company plans to maintain a dividend payout ratio of 68% for 2024, translating to a current dividend yield of approximately 5.5% [4]. - Projected net profits for 2025-2027 are 440 million, 480 million, and 530 million respectively, with corresponding price-to-earnings ratios of 11, 10, and 9 times [4].