Group 1 - The renovation and building materials sector weakened, closing at 14,460.16 points with a decline of 1.72% [1] - Individual stocks in the renovation and building materials sector experienced varying degrees of decline, with Jingxue Energy leading the drop at 20.73 CNY per share, down 6.03% [1] - Songlin Technology closed at 27.30 CNY per share, down 5.11%, ranking second in the decline among renovation and building materials stocks [1] - Qu Mei Home closed at 4.82 CNY per share, down 4.74%, ranking third in the decline [1] - Conversely, Qisheng Technology led the gains in the sector, closing at 14.64 CNY per share, up 3.10% [1] - Zhongyuan Home closed at 15.63 CNY per share, up 2.83%, ranking second in gains [1] - Zhejiang Zhengte closed at 46.05 CNY per share, up 1.99%, ranking third in gains [1] Group 2 - Dongwu Securities released a report on the building materials industry, indicating that the overall slope of the real estate chain is slowing but the direction remains unchanged [1] - The report suggests that the clearing of the real estate chain is nearing completion, with a significant improvement in the supply structure [1] - It forecasts stable demand in 2025 with low growth expectations for companies, indicating a higher probability of success for the sector [1]

东吴证券发布建筑材料行业研报称，整体而言，地产链的斜率放缓但方向不变，地产链出清已近尾声， 供给格局大幅改善，2025年需求平稳且企业增长预期较低，板块具备较高的胜率。以旧换新补贴推动 下，3月家具消费明显加速，预计Q3家装将会迎来明显加速。 北京商报讯（记者 翟枫瑞）8月13日，装修建材板块小幅增长，以14713.08点收盘，涨幅为0.25%。在 板块带动下，多只装修建材股股价实现增长。蒙娜丽莎以10.09元/股收盘，涨幅为10.03%，领涨装修建 材股。三棵树以44.00元/股收盘，涨幅为8.06%，涨幅位列装修建材股第二。曲美家居以5.06元/股收 盘，涨幅为6.53%，涨幅位列装修建材股第三。除此之外，恒尚节能以15.65元/股收盘，跌幅为5.04%， 领跌装修建材股。中源家居以15.20元/股收盘，跌幅为2.00%，跌幅位列装修建材股第二。扬子新材以 4.08元/股收盘，跌幅为1.92%，跌幅位列装修建材股第三。 ...

Core Viewpoint - The legal opinion letter from Shanghai Jintiancheng Law Firm confirms that Qu Mei Home Group Co., Ltd. has complied with the necessary legal procedures for the repurchase and cancellation of restricted stock under its 2022 incentive plan, following relevant laws and regulations [1][7]. Summary by Sections Approval and Authorization - The company's 2022 restricted stock incentive plan was approved by the shareholders' meeting, which authorized the board to handle the repurchase and cancellation of restricted stocks for certain employees [4]. - The board has been authorized to repurchase and cancel a total of 231,800 shares of restricted stock, which includes 196,000 shares for 4 employees who have left the company and 212,200 shares for 53 employees who did not meet the unlocking conditions [4][7]. Specifics of the Repurchase and Cancellation - The repurchase was triggered by the departure of employees and the failure to meet performance targets, as stipulated in the incentive plan [5][6]. - The total number of shares to be repurchased remains unchanged at 231,800 shares, as there have been no capital adjustments affecting the stock [5]. - The repurchase price is set at 5.78 yuan per share, which considers a maximum interest rate of 5% on potential employee loans [6]. Timing and Process - The company has opened a dedicated repurchase account with the China Securities Depository and Clearing Corporation and plans to complete the cancellation of the restricted stocks by July 30, 2025 [6][7]. - The company will proceed with the necessary business registration changes following the completion of the stock cancellation [7].

证券代码：603818 证券简称：曲美家居 公告编号：2025-038 曲美家居集团股份有限公司 关于限制性股票回购注销实施的公告 本公司董事会及全体董事会成员保证本公告内容不存在任何虚假记载、误导 性陈述或重大遗漏，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： 公司拟对以下激励对象的限制性股票进行回购注销： （1）4 名离职的激励对象已获授但尚未解锁的限制性股票，共计 19.60 万 股；（2）由于 2024 年公司层面业绩未达标，53 名激励对象已获授但尚未解锁 的限制性股票，共计 212.20 万股。本次回购注销限制性股票合计 231.80 万股。 本次回购注销完成后，剩余限制性股票 0 股。本次回购注销股份情况如下： | 回购股份数量 | 注销股份数量 | | 注销日期 | | | --- | --- | --- | --- | --- | | 万股 231.80 | 231.80 | 万股 | 年 月 2025 7 | 日 30 | 一、本次限制性股票回购注销的决策与信息披露 曲美家居集团股份有限公司（以下称"公司"）根据 2021 年年度股东大会审 议通过的《关于公司<2 ...

上海市锦天城律师事务所 关于曲美家居集团股份有限公司 2022 年限制性股票激励计划部分限制性股票 回购注销实施情况之 法律意见书 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于曲美家居集团股份有限公司 2022 年限制性股票激励计划 部分限制性股票回购注销实施情况之 法律意见书 致：曲美家居集团股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受曲美家居集团股份有限 公司（以下简称"公司"或"曲美家居"）的委托，担任公司 2022 年限制性股 票激励计划（以下简称"本次激励计划"）的特聘专项法律顾问，根据《中华人 民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以 下简称"《证券法》"）、《上市公司股权激励管理办法》（以下简称"《管理 办法》"）及其他适用的法律、法规、规范性文件及现行有效的《曲美家居集团 股份有限公司章程》（以下简称"《公司章程》"）的规定，为公司本次激励计 划所涉及的相关事项出具本法律意见书。 地址：上海市浦东新区银城中路 501 号上海中心大厦 11/12 层 电话：021-20511000 传真：021-20511999 邮编：2001 ...

Core Points - The actual controller, chairman, and CEO of the home furnishing retail leader, Juran Zhijia, Wang Linpeng, has been released from detention and returned to his position [1] - Wang Linpeng's shares, totaling 372 million, remain judicially frozen since the day after his detention [1][2] - The company's stock price has significantly declined from 4.1 yuan per share on April 17 to 3.17 yuan per share on July 23, resulting in a market value loss of approximately 5.79 billion yuan, a decrease of over 22% [2] Company Summary - Juran Zhijia's revenue for the first quarter was 3.312 billion yuan, reflecting a year-on-year growth of 5.58%, while the net profit attributable to shareholders decreased by 39.39% to 212 million yuan [2] - The company has not yet released its earnings forecast for the first half of the year, but the overall economic cycle and the downturn in the real estate market continue to pose challenges for performance [2] Industry Context - The competitive landscape is affected by the legal issues surrounding key figures in the industry, including the founder of Juran Zhijia's main competitor, Red Star Macalline, who is currently under investigation [2]

[Qumei Home Furnishings Group Co., Ltd. 2025 H1 Earnings Forecast](index=1&type=section&id=%E6%9B%B2%E7%BE%8E%E5%AE%B6%E5%B1%85%E9%9B%86%E5%9B%A2%E8%82%A1%E4%BB%BD%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8%202025%20%E5%B9%B4%E5%8D%8A%E5%B9%B4%E5%BA%A6%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A) [Current Period Earnings Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%83%85%E5%86%B5) The company anticipates a significant reduction in net loss for the first half of 2025 2025 H1 Earnings Forecast | Indicator | 2025 H1 Forecast | 2024 H1 Actual | YoY Change | | :--- | :--- | :--- | :--- | | **Net Profit Attributable to Parent (CNY 10,000)** | -5,000.00 to -3,600.00 | -12,458.72 | Loss narrowed by 59.87% to 71.10% | | **Non-recurring P/L Adjusted Net Profit (CNY 10,000)** | -8,200.00 to -6,800.00 | -10,842.07 | Loss narrowed by 24.37% to 37.28% | [Prior Year Period Operating Performance and Financial Status](index=1&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8A%E5%B9%B4%E5%90%8C%E6%9C%9F%E7%BB%8F%E8%90%A5%E4%B8%9A%E7%BB%A9%E5%92%8C%E8%B4%A2%E5%8A%A1%E7%8A%B6%E5%86%B5) The company recorded a net loss in H1 2024, with a net loss attributable to the parent of -124.59 million CNY 2024 H1 Performance Review | Indicator | Amount | | :--- | :--- | | **Net Profit Attributable to Parent** | -124.59 million CNY | | **Non-recurring P/L Adjusted Net Profit** | -108.42 million CNY | | **Earnings Per Share (EPS)** | -0.18 CNY | [Main Reasons for the Projected Loss in the Current Period](index=2&type=section&id=%E4%B8%89%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E4%BA%8F%E7%9A%84%E4%B8%BB%E8%A6%81%E5%8E%9F%E5%9B%A0) Despite operational improvements, a decline in revenue is the primary cause of the continued net loss [Analysis of Main Reasons for the Loss](index=2&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%E4%BA%8F%E6%8D%9F%E7%9A%84%E4%B8%BB%E8%A6%81%E5%8E%9F%E5%9B%A0) The core reason for the sustained loss is declining revenue, which offset gains from operational improvements - The company's core business operations showed significant improvement compared to H1 last year, with a **substantial increase in operating profit**[6](index=6&type=chunk) - Cost reduction and efficiency measures in the domestic Qumei Home Furnishings business **reduced the amount of loss year-over-year**, but declining revenue continues to pressure net profit[6](index=6&type=chunk) [Operational Improvements and Positive Factors](index=2&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%E7%BB%8F%E8%90%A5%E6%94%B9%E5%96%84%E5%8F%8A%E6%AD%A3%E9%9D%A2%E5%9B%A0%E7%B4%A0) The company benefited from lower debt costs due to interest rate cuts and increased rental income - Benefiting from interest rate cuts by the Federal Reserve and in the European market, the company's **overall debt costs have decreased**[6](index=6&type=chunk) - Continuously rising rental income from the company's Beijing factory and land has **contributed more revenue, profit, and cash flow**[6](index=6&type=chunk) [Risk Warning](index=2&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) The preliminary earnings forecast is unaudited and final figures may differ in the official report - This earnings forecast is based on the company's preliminary calculations and has not been audited; **final data will be subject to the official semi-annual report**[7](index=7&type=chunk)

证券代码：603818 证券简称：曲美家居 公告编号：2025-036 曲美家居集团股份有限公司 董事减持股份结果公告 本公司董事会、全体董事及相关股东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： 董事持股的基本情况：截至本公告披露日，公司董事谢文斌先生持有公 司 545,600 股股份，占公司总股本的 0.0792%。 减持计划的实施结果情况：截至本公告披露日，谢文斌先生通过集中竞 价方式减持所持有的公司股份 75,100 股，约占公司总股本的 0.0109%，本次减持 计划实施完毕。 上述减持主体无一致行动人。 1 股东名称 谢文斌 股东身份 控股股东、实控人及一致行动人 □是 √否 直接持股 5%以上股东 □是 √否 董事、监事和高级管理人员 √是 □否 持股数量 620,700股 持股比例 0.09% 当前持股股份来源 IPO 前取得：540,700股 股权激励取得：80,000股 一、减持主体减持前基本情况 二、减持计划的实施结果 (一)大股东及董监高因以下事项披露减持计划实施结果： 减持计划实施完毕 | 股东名称 | ...

曲美家居集团股份有限公司 证券代码：603818 证券简称：曲美家居 公告编号：2025-035 董事减持股份结果公告 本公司董事会、全体董事及相关股东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： 董事持股的基本情况：截至本公告披露日，公司董事吴娜妮女士持有公 司 530,200 股股份，占公司总股本的 0.0770%。 减持计划的实施结果情况：截至本公告披露日，吴娜妮女士通过集中竞 价方式减持所持有的公司股份 176,700 股，约占公司总股本的 0.0257%，本次减 持计划实施完毕。 | 股东名称 | 吴娜妮 | | | --- | --- | --- | | 股东身份 | 控股股东、实控人及一致行动人 | □是 √否 | | | 直接持股 5%以上股东 | □是 √否 | | | 董事、监事和高级管理人员 | √是 □否 | | 持股数量 | 706,900股 | | | 持股比例 | 0.1026% | | | 当前持股股份来源 | IPO 前取得：706,900股 | | 一、减持主体减持前基本情况 上述减持主体无一致 ...

证券代码：603818 证券简称：曲美家居 公告编号：2025-034 曲美家居集团股份有限公司 董事减持股份计划公告 本公司董事会、全体董事及相关股东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： 预披露期间，若公司股票发生停牌情形的，实际开始减持的时间根据停牌时间相应顺延。 (一)相关股东是否有其他安排 □是 √否 (二)董事此前对持股比例、持股数量、持股期限、减持方式、减持数量、减持价 格等是否作出承诺 √是 □否 董事持股的基本情况：截至本公告披露日，公司董事谢文斌先生持有公 司 620,700 股股份，占公司总股本的 0.09%。 减持计划的主要内容：因董事个人资金需求，谢文斌先生拟自本减持计 划公告之日起 15 个交易日后的 3 个月内（窗口期不减持），在符合上市公司董监 高减持规定的前提下，通过集中竞价方式减持所持股份不超过 75,175 股，占公 司总股本的 0.0109%，不超过其持有公司股份总数的 25%，具体减持价格按照减 持实施时的市场价格确定。若减持计划实施期间公司实施派息、送股、资本公积 金转增股本、增发 ...