证券代码：603816 证券简称：顾家家居 公告编号：2025-022 顾家家居股份有限公司 关于计提债权投资减值准备的公告 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。 顾家家居股份有限公司（以下简称"公司"）于 2025 年 4 月 27 日召开第五 届董事会第九次会议及第五届监事会第七次会议，审议通过了《关于计提债权投 资减值准备的议案》。现将相关情况公告如下： 一、本次计提债权投资减值准备的基本情况 根据公司《董事会议事规则》的相关规定，公司董事会授权董事长于 2020 年 10 月 20 日审议通过了《关于使用自有闲置资金购买公司债券的决定》：同意 公司使用自有闲置资金购买不超过人民币 20,000 万元的红星美凯龙控股集团有 限公司（以下简称"红星美凯龙控股公司"）公开发行 2020 年公司债券（第二 期）（品种一）。2020 年 10 月 21 日，公司购买红星美凯龙控股公司公开发行 的 2020 年公司债券（第二期）（品种一）19,400 万元，债券简称"20 红星 03"， 债券代码：163509。截 ...

关于顾家家居股份有限公司 非经营性资金占用及其他关联资金往来情况 汇总表的专项审计报告 目 录 1、专项审计报告 2、附表 委托单位：顾家家居股份有限公司 审计单位：天健会计师事务所（特殊普通合伙） 联系电话：0571-89722900 顾家家居股份有限公司全体股东： 我们接受委托，审计了顾家家居股份有限公司（以下简称顾家家居公司） 2024 年度财务报表，包括 2024 年 12 月 31 日的合并及母公司资产负债表， 2024 年度的合并及母公司利润表、合并及母公司现金流量表、合并及母公司所 有者权益变动表，以及财务报表附注，并出具了审计报告。在此基础上，我们 审计了后附的顾家家居公司管理层编制的 2024 年度《非经营性资金占用及其他 关联资金往来情况汇总表》（以下简称汇总表）。 一、对报告使用者和使用目的的限定 本报告仅供顾家家居公司年度报告披露时使用，不得用作任何其他目的。 我们同意将本报告作为顾家家居公司年度报告的必备文件，随同其他文件一起 报送并对外披露。 为了更好地理解顾家家居公司 2024 年度非经营性资金占用及其他关联资金 往来情况，汇总表应当与已审的财务报表一并阅读。 二、管理层的责任 ...

Core Viewpoint - Gujia Home's 2024 annual report shows a decline in both revenue and net profit, indicating challenges in the domestic market while international operations performed better [2][4]. Financial Performance - The company achieved operating revenue of approximately 18.48 billion yuan, a year-on-year decrease of 3.81% [3]. - The net profit attributable to shareholders was about 1.42 billion yuan, down 29.38% compared to the previous year [3]. - The net profit after deducting non-recurring gains and losses was approximately 1.30 billion yuan, a decrease of 26.92% year-on-year [3]. Business Segment Analysis - The furniture manufacturing segment had an overall gross margin of 30.34%, an increase of 0.45 percentage points year-on-year [2]. - Sofa sales generated approximately 10.2 billion yuan in revenue, up 9.14% year-on-year, with a gross margin of 35.37%, slightly down by 0.31 percentage points [2]. - Bedroom product revenue was around 3.25 billion yuan, a decline of 20.8%, but the gross margin increased by 3.87 percentage points to 40.81% [2]. Domestic vs. International Performance - International business revenue was approximately 8.37 billion yuan, an increase of 11.33% year-on-year, with a gross margin of 27.15%, up 1.86 percentage points [4]. - Domestic revenue was about 9.36 billion yuan, a decrease of 14.4%, with a gross margin of 37.03%, down 0.35 percentage points [4]. Operational Challenges - The company noted that it did not meet its established goals, facing challenges in its traditional strengths in domestic fixed sofas and living room products [4]. - The bedroom product segment is experiencing growth challenges due to increased competition, and the North American mattress business is still in its early stages [4]. - Profitability is under pressure due to a decline in domestic trade scale and long-term capacity building investments [4].

证券代码：603816 证券简称：顾家家居 公告编号：2025-011 二、本次司法拍卖的进展情况 重要内容提示: 截至本公告披露日，顾家集团有限公司（以下简称"顾家集团"）持有顾 家家居股份有限公司（以下简称"公司"或"本公司"）103,171,483 股股票， 占本公司总股本的 12.55%，上述股份目前均处于冻结状态。 顾家集团拟被司法拍卖的股票数量为 14,700,000 股,占其所持有本公司 股数的 14.25%，占本公司总股本的 1.79%。拍卖股票将拆分成三次进行，分别为 5,000,000 股二次，4,700,000 股一次。其中第三次 4,700,000 股股票已于 2025 年 4 月 22 日 10 时至 2025 年 4 月 23 日 10 时进行司法拍卖。截至拍卖结束，本 次股份司法拍卖已流拍。 2025 年 4 月 22 日 10 时至 2025 年 4 月 23 日 10 时，顾家集团持有的本公司 4,700,000 股股票已进行司法拍卖。截至拍卖结束，本次股份司法拍卖已流拍。 三、其他说明及风险提示 顾家家居股份有限公司 关于持股 5%以上股东部分股份将被司法拍卖 的进展公告 ...

Investment Rating - The report does not explicitly provide an investment rating for the smart bed industry Core Insights - The smart bed industry in China is experiencing significant growth, with the global market size increasing from approximately $1.328 billion in 2015 to around $5.531 billion in 2023, reflecting a compound annual growth rate (CAGR) of 19.52% [5][33] - The report highlights a concerning trend in sleep quality among the Chinese population, with the sleep quality index dropping to 62.61 in 2023, indicating a decline in overall sleep health [20][22] - The smart bed market is projected to reach a size of 4.5 billion yuan by 2027, driven by increasing awareness of sleep health and the aging population in China [26][37] Summary by Sections Industry Overview - The report investigates the current state and market size of the smart bed industry in China, focusing on market conditions and application scenarios [2] - There is a notable increase in sleep-related patents in China, with 2,734 and 2,867 new patents filed in 2020 and 2021, respectively, indicating a trend towards scientific and intelligent product development [5][19] - The report emphasizes the importance of understanding sleep cycles and quality for better health and quality of life [10][12] Industry Chain Analysis - The smart bed industry is in its early stages, with a stable growth trajectory as sleep health issues gain consumer attention [26] - The industry chain includes upstream suppliers of smart sleep solutions, midstream manufacturers, and downstream retailers and consumers [27][31] - The market is expected to expand significantly due to the aging population, with a projected demand for approximately 1.795 million smart beds by 2026 [35][37] Market Size and Trends - The global smart bed market is expected to exceed $6 billion in 2024, with North America leading in market share due to high acceptance of smart technology [5][33] - The report forecasts that the smart bed market in China will grow to 39.9 billion yuan by 2026, reflecting changing market demands and technological advancements [35][37] Consumer Insights - The primary demographic for smart bed consumers is young adults aged 22-40, who represent 80.9% of the market [40][41] - The report identifies a significant portion of insomnia sufferers as being well-educated and facing economic pressures, which may contribute to sleep issues [43]

Group 1 - The A-share retail sector has experienced a short-term decline, with major companies such as Juran Smart Home hitting the daily limit down [1] - Other companies that followed the downward trend include Eurasia Group, Yonghui Supermarket, Nanning Department Store, Ningbo Zhongbai, and Central Mall [1]

Market Performance - On April 18, 2025, A-shares showed mixed results with the Shanghai Composite Index up 0.13% at 3,280.34 points, while the Shenzhen Component Index fell 0.16% to 9,759.05 points. The total trading volume in the Shanghai and Shenzhen markets was 999.5 billion yuan, a decrease of 112.4 billion yuan from the previous trading day [1] - Hong Kong stocks rebounded strongly, with the Hang Seng Index rising 1.61% or 338.16 points to 21,395.14 points, and a total trading volume of 192.41 billion HKD [1] - In the U.S., the Dow Jones Index fell 1.33% to 39,142.23 points, while the S&P 500 Index rose 0.13% to 5,282.70 points, and the Nasdaq Index decreased by 0.13% to 16,286.45 points [1] Financial Industry Regulations - On April 17, 2025, six departments, including the central bank, issued guidelines to promote and regulate the cross-border flow of financial data, aiming for more efficient and standardized data movement between domestic and foreign financial institutions [3] - The guidelines specify the circumstances under which data can be exported and provide a list of data items that can flow across borders, emphasizing the need for financial institutions to implement necessary data security measures [3] E-commerce Regulation - On April 17, 2025, the State Administration for Market Regulation held a meeting to address the rapid development of the live-streaming e-commerce sector, which is seen as a vital part of the platform economy [4] - The meeting highlighted the need for businesses in this sector to operate legally and ethically, as issues like counterfeit products and false marketing persist [5] - The administration plans to enhance regulatory enforcement and establish a long-term regulatory mechanism through the introduction of the "Live-streaming E-commerce Supervision Management Measures" [5] Automotive Industry Concerns - On April 17, 2025, the Ministry of Public Security's Road Traffic Safety Research Center warned about the dangers of misusing advanced driver-assistance systems, which has led to traffic accidents due to drivers misunderstanding the capabilities of these systems [6] - The article emphasized that misleading advertising regarding these systems could lead to severe penalties, including fines and potential imprisonment for responsible parties if serious accidents occur [6] Pharmaceutical Industry Developments - On April 17, 2025, Eli Lilly announced positive results from its Phase 3 trial for Orforglipron, the first oral GLP-1 receptor agonist, which showed safety and efficacy in adults with type 2 diabetes inadequately controlled by diet and exercise [6] - The company expressed confidence in its ability to launch Orforglipron globally without supply constraints if approved [6]

证券代码：603816 证券简称：顾家家居 公告编号：2025-010 顾家家居股份有限公司 关于持股 5%以上股东部分股份将被司法拍卖 的进展公告 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: 截至本公告披露日，顾家集团有限公司（以下简称"顾家集团"）持有顾 家家居股份有限公司（以下简称"公司"或"本公司"）103,171,483 股股票， 占本公司总股本的 12.55%，上述股份目前均处于冻结状态。 顾家集团拟被司法拍卖的股票数量为 14,700,000 股,占其所持有本公司 股数的 14.25%，占本公司总股本的 1.79%。拍卖股票将拆分成三次进行，分别为 5,000,000 股二次，4,700,000 股一次。其中第一次 5,000,000 股股票的司法拍 卖（二拍）已中止。 一、本次司法拍卖的基本情况 顾家集团收到浙江省杭州市中级人民法院的《网络拍卖告知书》（[2024]浙 01 执 1607 号）：浙江省杭州市中级人民法院将在杭州市中级人民法院淘宝网司 法拍卖网络平台对顾家集团持有的本公司 14 ...

Investment Rating - Industry rating: Recommended [4] Core Views - The report highlights a positive outlook on domestic demand recovery, driven by supportive policies and improving real estate data [2][3] - The retail sector shows significant recovery, with March retail sales growth at 5.9%, surpassing expectations [1][6] - The report emphasizes the potential for the home furnishing sector to rebound due to policy support and consumer demand [3][7] Summary by Sections Retail Data - In the first three months of 2025, total retail sales increased by 4.6% year-on-year, with March showing a 5.9% increase, exceeding the consensus forecast of 4.36% [1] - Specific categories such as furniture, cultural office supplies, cosmetics, and gold and silver jewelry saw growth rates of 18.1%, 21.7%, 3.2%, and 6.9% respectively [1] - Online retail sales growth was recorded at 7.9% in the first quarter, indicating a steady increase in online consumption [6] Real Estate Data - National residential new construction area, completion area, sales area, and development investment completed in the first three months of 2025 showed declines of 23.9%, 14.7%, 2.0%, and 9.0% respectively [1] - In March, the new construction area and completion area declined by 18.6% and 8.1% year-on-year, while the sales area decreased by 1.2% [1][2] Policy Impact - The government has released favorable signals to stabilize the real estate market, including measures to optimize housing provident fund policies [2][3] - The "Consumption Promotion Special Action Plan" emphasizes support for upgrading consumer goods, which is expected to stimulate demand in the home furnishing sector [3][7] Investment Recommendations - For the home furnishing sector, the report recommends companies like Oppein Home, Kuka Home, and others, anticipating steady growth driven by policy support and consumer demand [7] - In the cultural office supplies sector, it suggests Morning Glory Co., which is expected to benefit from collective procurement policies [7] - The cosmetics sector is highlighted for its potential growth, recommending domestic brands like Runben and Pechoin [7] - Gold and silver jewelry consumption is expected to remain strong, with recommendations for companies like Laopu Gold [7]

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