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]

Summary of Conference Call Industry Overview - The conference call primarily discusses the home furnishings industry, particularly focusing on the sales performance of soft furnishings brands such as 麒麟门 (Qilinmen), 穆斯 (Mus), and 孤家家居 (Gujia Home) in the Tianfu New Area [2][3][4]. Key Points and Arguments - **Sales Performance**: - Qilinmen's sales for 2024 are projected to be around 10 million yuan, with monthly sales ranging from 800,000 to 1 million yuan [2]. - The average selling price for mattresses is approximately 3,500 yuan, while the combined average price for beds and mattresses is around 8,000 yuan [3]. - The conversion rate for customers entering the store is about 30%, indicating effective marketing strategies [4]. - **Consumer Behavior**: - The demand for mid-range products is high, aligning with the preferences of younger consumers [5]. - The customer demographic spans a wide age range, with a significant portion being from the 70s to 90s [10]. - **Government Subsidies**: - The 2024 subsidy program allows consumers to receive direct benefits without the need for coupon grabbing, enhancing consumer participation [3]. - The subsidy amounts can reach up to 4,000 yuan per person, with a maximum of 1,500 yuan per transaction [5]. - The government is encouraging the purchase of high-efficiency products, with subsidies of 30% for certain categories [13][14]. - **Market Competition**: - The competition between online and offline markets remains stable, with consumers valuing convenience and price online, while preferring quality and experience in physical stores [6]. - The impact of promotional activities and local subsidies is significant in driving customer traffic and sales [7][8]. - **Product Development**: - There is a focus on promoting AI mattresses, with factory prices around 20,000 yuan, aiming to capture a larger market share [8]. - The product range includes various price points, catering to different consumer needs, with mattresses priced from 4,000 to over 100,000 yuan [9]. Additional Important Content - **Marketing Strategies**: - The brands are utilizing live streaming and community group buying to enhance customer engagement, although the effectiveness of these strategies varies [4]. - Seasonal promotions, such as those during the 315 shopping festival, have shown to significantly boost sales [10]. - **Future Outlook**: - The companies aim for a growth target of 30% in sales for 2025, indicating optimism despite current market challenges [11]. - The concentration of subsidies towards compliant leading enterprises may further enhance their market position [14][15]. - **Recommendations**: - The call suggests focusing on companies involved in smart home products and those with strong customization capabilities, such as 欧派家居 (Oppein) and 索菲亚 (Sofia) [15]. This summary encapsulates the key insights from the conference call, highlighting the dynamics of the home furnishings industry, consumer trends, and the impact of government policies on market performance.