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： 会议召开时间：2023 年 05 月 23 日(星期二) 下午 16:00-17:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 证券代码：603818 证券简称：曲美家居 公告编号：2023-044 曲美家居集团股份有限公司 关于召开 2022 年度及 2023 年第一季度业绩暨现金分红说 明会的公告 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 05 月 16 日(星期二) 至 05 月 22 日(星期一)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 ir@qumei.com.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 曲美家居集团股份有限公司（以下简称"公司"）已于 2023 年 3 月 31 日发布 公司 2022 年年度报告、于 2023 年 4 月 30 日发布了公 ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 967,240,842.64, representing a decrease of 26.33% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was a loss of CNY 96,116,178.26, a decline of 265.30% year-on-year[5]. - Total revenue for Q1 2023 was ¥967,240,842.64, a decrease of 26.2% compared to ¥1,312,907,201.48 in Q1 2022[19]. - Net profit for Q1 2023 was a loss of ¥98,753,585.68, compared to a profit of ¥58,548,258.69 in Q1 2022, representing a significant decline[20]. - Operating profit for Q1 2023 was a loss of ¥124,034,179.57, compared to a profit of ¥75,172,335.74 in Q1 2022[20]. Cash Flow - The net cash flow from operating activities was CNY 121,370,861.96, an increase of 577.77% compared to the previous year[5]. - Cash flow from operating activities for Q1 2023 was ¥121,370,861.96, an increase from ¥17,907,458.53 in Q1 2022[22]. - Net cash flow from financing activities was -332,311,886.30, compared to -4,483,618.60 in the previous year[23]. - Cash inflow from financing activities amounted to 1,293,265,132.35, significantly higher than 200,000,000.00 in the previous year[23]. - The total cash outflow from financing activities was 1,625,577,018.65, compared to 204,483,618.60 in the previous year[23]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 6,987,452,060.85, down 8.37% from the end of the previous year[6]. - Current assets totaled CNY 2,072,293,057.32, down from CNY 2,481,283,694.35, indicating a decrease of about 16.5%[16]. - Total liabilities as of March 31, 2023, were CNY 4,823,132,599.06, down from CNY 5,277,881,209.26, indicating a decrease of about 8.6%[17]. - The company's equity attributable to shareholders decreased to CNY 2,018,464,292.62 from CNY 2,194,390,004.16, reflecting a decline of approximately 8.0%[17]. Shareholder Information - The company reported a total of 28,675 common shareholders at the end of the reporting period[12]. Research and Development - The company's R&D expenses decreased by 30.28% compared to the same period last year[9]. - Research and development expenses for Q1 2023 were ¥16,411,876.99, down 30.2% from ¥23,540,248.07 in Q1 2022[19]. Other Financial Metrics - The company's basic earnings per share were -CNY 0.16, a decrease of 260.00% year-on-year[5]. - The company's basic and diluted earnings per share of -¥0.16 for Q1 2023, compared to ¥0.10 in Q1 2022[20]. - The weighted average return on equity decreased by 4.56 percentage points to 7.37%[6]. - The company experienced a significant increase in financial expenses, with interest expenses rising to ¥94,836,539.03 in Q1 2023 from ¥58,953,908.08 in Q1 2022[19]. - Other comprehensive income for Q1 2023 was a loss of ¥86,193,555.95, compared to a gain of ¥44,420,736.81 in Q1 2022[20]. Cash and Cash Equivalents - Cash and cash equivalents decreased to CNY 536,538,720.19 from CNY 815,386,218.23, representing a decline of approximately 34.2%[15]. - Cash and cash equivalents at the end of the period totaled 527,868,016.83, slightly down from 529,788,030.27 year-over-year[23]. - Total cash and cash equivalents decreased by 278,316,908.56 compared to a decrease of 16,744,428.90 in the previous year[23]. - The company experienced a negative impact of -31,518,163.27 from exchange rate fluctuations on cash and cash equivalents[23]. Accounting Standards - The company has not adopted new accounting standards for the current year[23].

Financial Performance - The company's operating revenue for 2022 was approximately ¥4.85 billion, a decrease of 4.35% compared to ¥5.07 billion in 2021[19]. - The net profit attributable to shareholders was approximately ¥36.96 million, down 79.23% from ¥177.91 million in the previous year[19]. - The basic earnings per share decreased by 80.65% to ¥0.06 from ¥0.31 in 2021[20]. - The total assets at the end of 2022 were approximately ¥7.63 billion, a slight decrease of 0.20% from ¥7.64 billion at the end of 2021[19]. - The cash flow from operating activities was approximately ¥418.24 million, down 5.19% from ¥441.14 million in 2021[19]. - The weighted average return on equity decreased by 6.73 percentage points to 1.71% from 8.44% in 2021[20]. - The net profit attributable to shareholders decreased by 79.23% compared to the same period last year, primarily due to a decline in revenue and an increase in raw material and transportation costs[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 117.34% year-on-year, mainly due to the reduction in net profit and non-operating deductions[21]. - The company achieved a revenue of 4.852 billion yuan, a decrease of 4.35% compared to the previous year[63]. Market and Sales Strategy - The company reported a decline in sales orders due to regulatory policies and economic downturns[20]. - The company launched new product series such as "He Wan," "Yang," and "Ji Mu," which provided strong product support for distributors[32]. - The company optimized its product structure and engaged in supply chain negotiations to mitigate the impact of rising raw material and shipping costs on profitability[31]. - The company initiated brand content and online asset optimization to enhance brand exposure and drive both offline and e-commerce business growth[31]. - The company effectively countered the negative impact of reduced offline traffic through innovative sales models and support strategies[32]. - The company achieved breakthroughs in the North American and Chinese markets through the development of non-comfort chair products[31]. - The company's direct sales business countered the decline in offline customer traffic, achieving a more than 10% year-on-year increase in average transaction value[34]. - The innovative business segment has rapidly developed, with the bulk business unit achieving a 50% revenue growth in 2022 and turning profitable[35]. - The company is focusing on expanding its market presence in China, with plans to establish a sales region for the Stressless brand and increase store openings[39]. - The company is experiencing a recovery in offline customer traffic in 2023, which is expected to support growth in the Chinese market[39]. Product Development and Innovation - The company has a diversified product line, including customized furniture, finished furniture, and home decor items, meeting various consumer needs[59]. - The company is the first in the industry to use water-based paint for all its products, ensuring high environmental and quality standards[59]. - The company has a strong commitment to R&D, continuously enhancing its product offerings and brand image through design-driven innovation[45]. - The company aims to provide comprehensive home furnishing solutions, focusing on high-quality, aesthetically pleasing, and environmentally friendly products[45]. - The company is focused on optimizing product efficiency and reducing ineffective SKUs through continuous product development, emphasizing environmental sustainability and design[101]. Financial Management and Governance - The company plans not to distribute profits or issue dividends for 2022[4]. - The company has a cash dividend policy that mandates at least 20% of the distributable profits to be distributed in cash each year[132]. - The company has established a clear decision-making process for profit distribution, involving independent directors and shareholder meetings[134]. - The company’s internal control system has been effectively implemented, ensuring the protection of shareholder rights and interests[108]. - The company’s governance structure complies with the regulatory requirements set by the China Securities Regulatory Commission[110]. - The company’s management team has undergone changes, with specific shareholding adjustments noted among key executives[112]. - The company has maintained a focus on enhancing investor relations and improving the quality of information disclosure[108]. Environmental and Social Responsibility - The company invested approximately 4,050 million yuan in environmental protection equipment and upgrades, including 3,000 million yuan for water-based paint and 750 million yuan for dust explosion prevention[153]. - The company has established a dedicated energy and environmental management department to integrate green concepts throughout the product lifecycle[154]. - The company has achieved compliance with local air pollution discharge standards, with emissions well below regulatory limits[156]. - The company has implemented an environmental emergency response plan across all production bases, establishing a system for monitoring and responding to environmental pollution incidents[159]. - During the reporting period, the company invested 80,000 CNY in poverty alleviation and rural revitalization projects, benefiting 2,076 individuals[164]. Challenges and Risks - The company faces risks from rising raw material and labor costs, which could adversely affect profitability if not managed effectively[104]. - The competitive landscape is intensifying, with increased capacity and aggressive pricing strategies among larger furniture companies potentially impacting revenue and profit margins[104]. - The company reported a non-operating fund occupation by controlling shareholders and related parties, with an initial balance of CNY 35 million and a year-end balance of CNY 48.92 million, indicating an increase of CNY 6.92 million during the reporting period[171]. Shareholder and Stock Information - The company reported a total of 293,684,072 shares held by directors and supervisors at the beginning of the reporting period, which decreased to 289,977,572 shares by the end, reflecting a reduction of 3,706,500 shares[112]. - The company’s total share capital after the changes is 587,410,546 shares[186]. - The top three shareholders hold a combined 68.89% of the shares, with Zhao Ruihai holding 21.77%, Zhao Ruibin 21.29%, and Zhao Ruijie 5.83%[193]. - The company has a total of 580,395,546 unrestricted circulating shares, accounting for 98.81% of total shares[185]. Future Outlook - The company provided a positive outlook for 2023, projecting a revenue growth of 10% to 1.32 billion, driven by new product launches and market expansion strategies[113]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in sales from this region by 2024[113]. - The company is actively pursuing market expansion, targeting a 25% increase in market share in the next two years, particularly in the Southeast Asian region[200].

公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人赵瑞海、主管会计工作负责人孙海凤及会计机构负责人（会计主管人员）张砾元 保证季度报告中财务信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 2022 年第三季度报告 证券代码：603818 证券简称：曲美家居 曲美家居集团股份有限公司 2022 年第三季度报告 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： 一、 主要财务数据 (一)主要会计数据和财务指标 | | | | 单位：元 | 币种：人民币 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 本报告期 比上年同 | 年初至报告期末 | 年初至报告期 末比上年同期 | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 1,213,502,616.35 | -1.29 | 3,7 ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 2,536,930,123.88, representing a year-on-year increase of 0.94% compared to CNY 2,513,422,891.38 in the same period last year[20]. - The net profit attributable to shareholders of the listed company decreased by 2.18% to CNY 125,548,592.49 from CNY 128,345,655.66 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 24.93% to CNY 87,248,071.47, primarily due to increased raw material and transportation costs[20]. - The net cash flow from operating activities increased by 33.74% to CNY 200,430,540.72, attributed to reduced expenditures on raw materials and purchased goods[20]. - The total assets at the end of the reporting period were CNY 7,606,753,080.41, showing a slight decrease of 0.45% compared to the end of the previous year[20]. - The net assets attributable to shareholders increased by 3.64% to CNY 2,091,393,815.85 from CNY 2,017,956,666.29 at the end of the previous year[20]. - Basic earnings per share remained stable at CNY 0.22, with diluted earnings per share also at CNY 0.22[21]. - The weighted average return on net assets increased by 0.34 percentage points to 6.11% compared to the previous year[21]. - The company reported a revenue of 25.37 billion yuan during the reporting period, ranking among the top domestic furniture brands[42]. - In the first half of 2022, the company achieved revenue of 2.537 billion yuan, remaining basically flat year-on-year, while net profit attributable to the parent company was 126 million yuan, a decrease of 2.18%[49]. Market and Industry Trends - In the first half of 2022, the Chinese furniture industry saw a total revenue of 360.4 billion yuan, a year-on-year decrease of 0.99%, while total profit increased by 2.58% to 17.48 billion yuan[39]. - The furniture industry faced challenges due to the pandemic, with real estate sales significantly declining, but a recovery in profitability is expected in the second half of 2022 as raw material costs decrease[39]. - The trend of increasing second-hand housing transactions presents a growth opportunity for furniture companies, particularly in first and second-tier cities[40]. - The shift towards fully furnished apartments is accelerating brand concentration in the furniture industry, benefiting leading companies[40]. - The demand for overseas high-end furniture brands is rising in China, driven by consumer upgrades and the appeal of brand prestige[41]. Strategic Initiatives and Acquisitions - The company completed the acquisition of Ekornes ASA, holding 100% of its shares, which operates over 7,000 stores globally and has a strong brand presence in the high-end furniture market[29]. - The company formed a diversified brand matrix after acquiring Ekornes, enhancing its market presence and supporting rapid development in both domestic and global markets[44]. - The company’s new product development accelerated, launching the "He Wan" series of curved wood products and the "Ji Mu" series of high-cost performance furniture, which effectively boosted dealer confidence during the pandemic[52]. Production and Supply Chain - Ekornes has a highly automated production model with nine factories worldwide, enhancing production efficiency and reducing delivery times in key markets[33]. - The company employs a mixed production model combining order-based and batch production, with production cycles ranging from 12 to 25 days depending on the product type[31]. - The procurement strategy includes unified sourcing of raw materials and establishing long-term relationships with suppliers, ensuring quality and cost efficiency[34]. - The company has established a mature supply chain system, leveraging Ekornes' global supplier network to enhance raw material procurement capabilities and reduce costs[46]. Risks and Challenges - The company has indicated potential risks in its forward-looking statements, advising investors to be cautious[5]. - The company faces risks from rising raw material costs, which significantly impact production costs due to high material input ratios[80]. - Labor cost increases pose a risk to the company's operational performance and profitability[80]. - The competitive landscape in the furniture industry has intensified, leading to potential revenue and profit pressures[80]. - The ongoing COVID-19 pandemic may continue to negatively affect the company's business operations[80]. Environmental and Compliance Efforts - The company has been listed as a key pollutant unit in Beijing, indicating its commitment to environmental protection and compliance with regulations[91]. - The company has implemented ISO9001 and ISO14001 certifications, demonstrating its focus on quality and environmental management systems[92]. - The company invested approximately 40.5 million yuan in environmental upgrades, including around 30 million yuan for water-based paint, 7.5 million yuan for explosion-proof modifications, and 3 million yuan for online monitoring equipment[93]. - The company launched a formal zero formaldehyde solid wood structure board in 2020, which uses PMDI ecological glue, enhancing its environmental competitiveness[94]. - The company has implemented a comprehensive environmental monitoring system, including automatic monitoring equipment linked to environmental protection authorities since 2019[100]. Shareholder and Governance Matters - The company did not distribute any dividends or bonus shares for the first half of 2022, with a profit distribution plan indicating no allocation of shares or cash[86]. - The company approved a stock incentive plan in April 2022, which includes a management assessment method for the implementation of the plan[87]. - The company granted 400,000 restricted stocks to an employee on July 15, 2022, as part of the stock incentive plan[88]. - The controlling shareholders, Zhao Ruihai and Zhao Ruibin, committed to not participating in any business activities that directly or indirectly compete with the company's main business during their tenure[106]. Financial Position and Capital Structure - The total amount of guarantees provided by the company, excluding those to subsidiaries, reached ¥1,553,997,602.58, which accounts for 74.15% of the company's net assets[120]. - The company issued 6,865,000 new shares, increasing the total shares from 580,395,546 to 587,260,546[124]. - The total number of common shareholders reached 18,872 by the end of the reporting period[129]. - The company reported a net profit margin improvement, with net profit increasing to RMB 1,054,982,273.88 from RMB 929,433,681.39, a rise of approximately 13.5%[143]. - The company has maintained a stable financial position with no significant doubts regarding its ability to continue as a going concern for the next 12 months[178].

Financial Performance - In 2021, the company's operating revenue reached ¥5,073,255,641.21, representing an increase of 18.57% compared to ¥4,278,737,933.65 in 2020[21] - The net profit attributable to shareholders was ¥177,908,525.50, a significant increase of 71.31% from ¥103,850,669.82 in the previous year[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥147,605,725.25, up by 55.59% from ¥94,867,052.22 in 2020[21] - Basic earnings per share increased by 55.00% to CNY 0.31 compared to the previous year[23] - Net profit attributable to shareholders increased by 71.31% year-on-year, driven by increased operating profit and reduced financial expenses[23] - Revenue from operations rose by 18.57%, primarily due to increased overseas and bulk business income[23] - The company’s overall net profit reached CNY 192 million, reflecting a year-on-year growth of 60.30%[34] - The total operating revenue for the Qu Mei brand reached ¥1,761,885,822.26, with a gross profit margin of 30.23%, reflecting a year-on-year increase of 7.50% in revenue[96] - The operating revenue from the Stressless brand was ¥2,376,211,029.96, with a gross profit margin of 41.69%, showing a year-on-year revenue increase of 27.34%[99] - The total operating revenue from all sales channels was ¥4,976,263,191.55, with a gross profit margin of 35.97%, reflecting a year-on-year revenue increase of 19.27%[101] Cash Flow and Assets - The net cash flow from operating activities decreased by 28.71% to ¥441,139,642.35 from ¥618,753,040.54 in 2020[21] - As of the end of 2021, the net assets attributable to shareholders were ¥2,017,956,666.29, down by 6.60% from ¥2,160,512,617.15 at the end of 2020[21] - Total assets at the end of 2021 were ¥7,640,936,989.88, a slight decrease of 0.54% from ¥7,682,310,985.52 in 2020[21] - The company's overseas assets amounted to 3.62 billion yuan, representing 47.34% of total assets[88] - The total amount repaid during the reporting period was CNY 22,080,382.28, leaving a balance of CNY 35,000,000.00 at the end of the period[176] Business Growth and Strategy - The company plans not to distribute profits, pay cash dividends, or issue bonus shares for 2021[5] - The company is transitioning from a furniture production brand to a furniture commercial brand, aiming to enhance operational and marketing capabilities[49] - The company is focusing on developing B2B engineering and home decoration channels to create new business growth points[110] - The company plans to increase the number of Stressless stores in China by over 50% in 2022, focusing on a three-tiered store strategy[111] - The company aims to enhance its domestic business by optimizing dealer policies and increasing marketing efforts to accelerate market penetration[110] Risks and Challenges - The company has disclosed potential risks in its management discussion and analysis section[7] - The company faces risks from rising raw material costs, which could adversely affect profitability if prices increase significantly[112] - The furniture industry is experiencing pressure on profit growth due to rising raw material costs and currency appreciation, despite recovering demand post-pandemic[45] Corporate Governance - The company has established a sound corporate governance structure, enhancing internal control systems and improving information disclosure quality[119] - Independent directors have actively participated in decision-making, ensuring the protection of shareholder interests without raising objections during board meetings[119] - The company has not reported any significant differences in governance compared to regulations set by the China Securities Regulatory Commission[120] Environmental Responsibility - The company is the first in the industry to use water-based paint across its entire product line, emphasizing its commitment to environmental standards[65] - The company invested approximately 40.5 million yuan in environmental upgrades, including around 30 million yuan for water-based paint, 7.5 million yuan for explosion-proof modifications, and 3 million yuan for online monitoring equipment[161] - The company has established a comprehensive environmental protection management system, with the factory head as the primary responsible person for environmental protection[165] Employee Management - The company employs a performance-driven incentive mechanism to improve employee compensation and benefits continuously[145] - The training program is tailored to different management levels, focusing on management innovation for middle management and business skills for frontline staff[146] - The total number of employees in the parent company is 736, while the main subsidiaries employ 3,654, resulting in a total of 4,390 employees[142] Future Outlook - Future outlook suggests a focus on expanding market presence and enhancing product offerings, with specific strategies to be detailed in upcoming reports[127] - The company aims to achieve a revenue growth target of 10% in the next fiscal year through strategic investments and market expansion efforts[127] - The management team emphasizes the importance of adapting to market trends and consumer preferences to sustain growth[127]

Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,312,907,201.48, representing a year-on-year increase of 14.25%[5] - The net profit attributable to shareholders was CNY 58,147,422.86, showing a decrease of 5.30% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 44,349,684.69, down by 10.63% year-on-year[5] - Basic earnings per share were CNY 0.10, reflecting a decrease of 9.09% year-on-year[6] - The company reported a revenue growth of 34% year-on-year for Q1 2022, with a net profit increase of 32%[12] - Net profit for Q1 2022 was CNY 58,548,258.69, a decrease of 15.8% from CNY 69,555,076.56 in Q1 2021[19] - Total operating revenue for Q1 2022 was CNY 1,312,907,201.48, an increase of 14.2% compared to CNY 1,149,115,901.46 in Q1 2021[18] - Total operating costs for Q1 2022 were CNY 1,247,117,195.39, up 15.3% from CNY 1,081,586,073.01 in Q1 2021[18] Cash Flow - The net cash flow from operating activities was CNY 17,907,458.53, an increase of 133.80% compared to the previous year[5] - Operating cash inflow for Q1 2022 was CNY 1,390,242,451.44, an increase of 11.3% from CNY 1,249,698,187.93 in Q1 2021[23] - Net cash flow from operating activities was CNY 17,907,458.53, a significant recovery from a negative CNY 52,975,023.50 in the same period last year[23] - Cash outflow for purchasing goods and services was CNY 729,477,171.01, up from CNY 680,679,288.47, indicating a 7.2% increase[23] - Cash inflow from investment activities totaled CNY 9,077,845.32, compared to CNY 5,947,279.93 in Q1 2021, marking a 52.0% increase[24] - Net cash flow from investment activities was negative at CNY -40,645,241.51, worsening from CNY -33,784,161.63 year-over-year[24] - Cash inflow from financing activities was CNY 200,000,000.00, a decrease of 74.5% from CNY 781,120,000.00 in Q1 2021[24] - Net cash flow from financing activities was CNY -4,483,618.60, compared to CNY -120,563,086.03 in the previous year, showing an improvement[24] - The ending balance of cash and cash equivalents was CNY 529,788,030.27, down from CNY 620,030,322.00 at the beginning of the period[24] Assets and Liabilities - The total assets at the end of the reporting period were CNY 7,870,576,054.77, an increase of 3.01% from the end of the previous year[6] - Total liabilities as of Q1 2022 amounted to CNY 5,744,216,195.32, compared to CNY 5,617,546,125.93 in Q1 2021, reflecting an increase of 2.3%[18] - The total assets of the company reached ¥7,870.58 million as of March 31, 2022, compared to ¥7,640.94 million at the end of 2021[14] - The company’s long-term equity investments remained stable, with non-current assets totaling approximately ¥5,405.83 million as of March 31, 2022[14] - The company’s short-term borrowings increased to approximately ¥302.95 million as of March 31, 2022, compared to ¥221.32 million at the end of 2021[14] - Total equity attributable to shareholders was CNY 2,120,524,825.96 in Q1 2022, up from CNY 2,017,956,666.29 in Q1 2021, representing a growth of 5.1%[18] Research and Development - Research and development expenses increased by 30.99% year-on-year, indicating a rise in investment in innovation[7] - Research and development expenses for Q1 2022 were CNY 23,540,248.07, an increase of 30.9% from CNY 17,971,422.79 in Q1 2021[18] Challenges and Market Performance - The company faced challenges in production due to the Winter Olympics and COVID-19, impacting revenue in March 2022[11] - The domestic business showed strong performance, with a significant increase in dealer channel operations and a more than 300% growth in engineering business contract amounts compared to the same period last year[11] - The order growth for the Stressless brand in the Chinese market exceeded 100% in Q1 2022[11] - The company has implemented emergency plans to address logistics disruptions caused by the pandemic, leading to a gradual recovery in shipping operations[11] Other Financial Metrics - Other comprehensive income after tax for Q1 2022 was CNY 44,420,736.81, compared to a loss of CNY 1,698,950.94 in Q1 2021[19] - The company reported a total comprehensive income of CNY 102,968,995.50 for Q1 2022, an increase of 51.7% from CNY 67,856,125.62 in Q1 2021[19] - The company’s long-term borrowings as of Q1 2022 were CNY 822,794,028.73, an increase of 4.7% from CNY 785,844,322.35 in Q1 2021[18] - The impact of exchange rate changes on cash and cash equivalents was CNY 10,476,972.68, up from CNY 5,652,450.19[24] - The company has not adopted the new accounting standards for the current year, indicating a potential for future adjustments in financial reporting[24]

证券代码： 603818 证券简称：曲美家居 公告编号：2022-015 关于接待机构投资者调研情况的公告 本公司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。 曲美家居集团股份有限公司（以下简称"公司"）于近日通过电话会议交流形 式接待了机构调研，现将情况公告如下： 一、调研情况 调研时间：2022年3月21日至2022年3月22日 调研方式：电话会议交流 调研机构名称（排名不分先后）：中欧基金、华夏基金、泰康资产、盘京投 资、广发基金、中意保险资管、新华基金、国寿养老保险、浙商证券、招商证券、 华西证券、西南证券、信达证券、德邦证券、民生资管、兴业证券等多家机构。 公司接待人员：董事会秘书孙潇阳 二、交流的主要问题及公司回复概要 1、公司2022年开年以来的经营情况如何 答：2022年以来，公司整体经营情况向好，保持了良好的增长趋势。Ekornes 提价顺利，盈利能力显著增强；亚太市场、欧洲市场快速增长，北美市场在高基 数的背景下仍有良性增长，全球订单维持较快的增长状态。Svane品牌床垫、 Stressless品牌电动椅、 ...

Financial Performance - The company's operating revenue for Q3 2021 was CNY 1,229,312,872.87, representing a year-on-year increase of 7.52%[5] - The net profit attributable to shareholders for the same period was CNY 53,036,873.49, a decrease of 26.85% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 46,561,404.37, down 29.72% year-on-year[5] - The basic earnings per share for Q3 2021 was CNY 0.09, reflecting a decrease of 30.77% compared to the same period last year[6] - The company reported a significant increase in net profit attributable to shareholders for the year-to-date, up 481.68% compared to the previous year[9] - The company experienced a 29.00% increase in operating revenue year-to-date due to market recovery and new product sales[9] - Total operating revenue for the first three quarters of 2021 reached ¥3,742,735,764.25, a significant increase of 29.1% compared to ¥2,901,283,998.89 in the same period of 2020[22] - Net profit for the first three quarters of 2021 was ¥199,177,487.34, a substantial increase of 426.5% compared to ¥37,769,569.39 in the same period of 2020[23] - Basic earnings per share for the third quarter of 2021 was ¥0.31, compared to ¥0.06 in the third quarter of 2020, reflecting a 416.7% increase[23] Assets and Liabilities - The total assets at the end of the reporting period were CNY 7,671,355,657.81, a slight decrease of 0.14% from the end of the previous year[6] - As of September 30, 2021, the company's total assets amounted to RMB 7.67 billion, slightly down from RMB 7.68 billion at the end of 2020[21] - The company's current liabilities increased to RMB 2.30 billion from RMB 1.96 billion year-over-year, primarily due to short-term borrowings[20] - The total liabilities rose to RMB 5.53 billion from RMB 5.07 billion, reflecting an increase in both current and non-current liabilities[20] - The total assets increased to 7,889,972,851.22 RMB, up from 7,682,310,985.52 RMB, showing growth in the company's asset base[30] - The total liabilities rose to 5,280,926,684.68 RMB, compared to 5,073,264,818.98 RMB, indicating an increase in financial obligations[30] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 203,684,797.71, a decrease of 51.36% compared to the previous year[5] - Cash flow from operating activities for the first three quarters of 2021 was ¥203,684,797.71, down 51.3% from ¥418,789,591.49 in the same period of 2020[25] - The net cash flow from investment activities was -118,866,492.25 RMB, compared to -106,389,665.17 RMB in the previous period, indicating a decline in investment cash flow[26] - The total cash inflow from financing activities was 1,460,647,269.37 RMB, up from 1,009,692,615.20 RMB, reflecting an increase in financing efforts[26] - The net cash flow from financing activities was -342,602,068.36 RMB, an improvement from -415,955,513.68 RMB in the previous period, suggesting better cash management[26] Inventory and Costs - The inventory level increased to RMB 1.07 billion, up from RMB 845 million, indicating a buildup of stock[19] - Total operating costs for the first three quarters of 2021 were ¥3,506,962,259.29, up 24.0% from ¥2,828,617,256.48 in the first three quarters of 2020[22] Market and Production - The company's revenue growth was impacted by temporary shutdowns at its factories in Thailand and Vietnam due to COVID-19, but production has resumed with 95% of the workforce back by early October, achieving a capacity utilization rate of 75%[15] - New orders have been placed at increased prices to offset rising raw material and shipping costs, which is expected to positively impact profitability in the future[15] - The order reserve for the Stressless product line exceeds two months, approximately 174% higher than normal levels, indicating strong demand[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,405[11] - The company's equity attributable to shareholders was 2,160,512,617.15 RMB, unchanged from previous reports, reflecting stability in shareholder equity[30]

Financial Performance - Revenue for the first half of 2021 reached ¥2,513,422,891.38, an increase of 42.97% compared to the same period last year[20]. - Net profit attributable to shareholders was ¥128,345,655.66, a significant increase of 410.60% year-on-year[20]. - Basic earnings per share rose to ¥0.22, up 375.00% from a loss of ¥0.08 in the previous year[19]. - Net profit after deducting non-recurring gains and losses increased by 547.73% to ¥116,225,694.79[20]. - The company reported a significant improvement in financial performance driven by market recovery and new product sales[20]. - The company achieved a revenue growth of 43% year-on-year, with a net profit increase of 183 million yuan compared to the same period last year[48]. - Retail business saw a double-digit growth, with direct sales revenue increasing by over 50% year-on-year in the first half of 2021[50]. - The company reported a net profit of 143 million RMB, a significant increase of 183 million RMB compared to the previous year, with a net profit margin of 5.7%[58]. - The total comprehensive income attributable to the parent company was CNY 82,827,860.42, compared to a loss of CNY 128,233,735.91 in the previous period[146]. Assets and Liabilities - Total assets grew by 5.09% to ¥8,073,721,641.85 compared to the end of the previous year[20]. - The net assets attributable to shareholders increased by 3.83% to ¥2,243,340,477.57[20]. - Cash and cash equivalents increased to ¥779,438,340.42, representing 9.65% of total assets, up 9.80% from the previous year[65]. - Accounts receivable rose to ¥515,536,491.06, accounting for 6.38% of total assets, a significant increase of 33.39% year-over-year[65]. - Inventory reached ¥992,724,536.96, making up 12.29% of total assets, reflecting a 17.50% increase compared to the previous year[65]. - Long-term borrowings increased to ¥1,431,898,003.61, which is 17.72% of total assets, marking an 84.97% rise from the previous year[65]. - Total liabilities were reported at RMB 5,388,746,123.21, compared to RMB 5,073,264,818.98, which is an increase of about 6.2%[139]. - Non-current liabilities increased to RMB 3,861,683,153.89 from RMB 3,109,343,848.61, representing a growth of approximately 24.2%[139]. Market and Industry Trends - In the first half of 2021, the Chinese furniture industry achieved a revenue of CNY 364.08 billion, a year-on-year increase of 30.21%, and a total profit of CNY 17.04 billion, up 27.35%[38]. - The furniture industry in China experienced a significant export growth of 55.52% in the first half of 2021, amounting to USD 34.885 billion[38]. - The furniture market is experiencing a "honey period" post-pandemic, with leading companies rapidly capturing market share[39]. - The furniture industry is witnessing a shift towards high-end overseas brands, driven by domestic consumer demand for premium products[40]. Strategic Initiatives - The company focuses on mid-to-high-end furniture and home products, providing comprehensive solutions for consumers, emphasizing design and quality as core competitive advantages[25]. - The company completed the acquisition of Ekornes ASA, increasing its stake to 100%, enhancing its global market presence in the furniture sector[26]. - The company is focusing on integrating supply chains and enhancing brand marketing to transition from a product-based to a commercial brand model[40]. - The company has established a strong brand image and product quality, which enhances consumer experience and brand loyalty[36]. Research and Development - The company has a strong product design and R&D capability, with a focus on various furniture styles including Nordic, Chinese retro, and modern minimalist[26]. - R&D expenses increased by 35.51% year-on-year, reflecting higher investments in research personnel and materials[62]. - The company has collaborated with nearly 100 domestic and international designers since 1997, enhancing its brand reputation for original design[46]. Environmental Initiatives - The company invested approximately 40.5 million yuan in environmental protection upgrades, including around 30 million yuan for water-based paint, 7.5 million yuan for explosion-proof modifications, and 3 million yuan for online monitoring equipment[93]. - The company launched a formal zero formaldehyde solid wood structure board in 2020, which uses PMDI ecological glue, enhancing its product's environmental competitiveness[94]. - The company has implemented automatic monitoring equipment for air pollutant emissions since 2019, ensuring real-time monitoring and compliance with environmental standards[100]. - The company promotes a "0 Carbon" concept through its "Upgrade and Exchange" program, advocating for sustainable living practices[102]. Risks and Challenges - The company faces risks from rising raw material costs, which significantly impact production costs due to high material cost ratios[76]. - Labor costs are increasing, which may affect the company's operating performance and profitability if the trend continues[76]. - The real estate market's regulatory environment poses a risk to consumer demand for home products, as home purchases are closely linked to furniture sales[76]. - The ongoing global COVID-19 pandemic may adversely affect the operations of overseas subsidiaries if it persists for an extended period[77]. Shareholder Information - The controlling shareholders, Zhao Ruihai and Zhao Ruibin, committed to not reducing their shareholdings by more than 6% of the total shares within two years after the lock-up period[107]. - The company completed a non-public offering of 96,275,546 shares in July 2020, with the shares becoming tradable on January 22, 2021, after a 6-month lock-up period[121]. - The total number of ordinary shareholders at the end of the reporting period is 16,970[126]. - The top ten shareholders hold a total of 132,944,972 shares, representing 22.81% of the total shares[128].