| 证券代码：603833 | 证券简称：欧派家居 公告编号：2025-010 | | --- | --- | | 转债代码：113655 | 转债简称：欧 转债 22 | 欧派家居集团股份有限公司 关于 2025 年度预计对外担保额度的公告 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法律责任。 重要内容提示： ●被担保人名称：欧派家居集团股份有限公司（以下简称"公司"）及其合并报表范围内 各级子公司 ●本次担保金额：自 2025 年第一次临时股东大会审议通过相关议案之日起 12 个月，公 司及下属子公司预计对外担保额度不超过 200.00 亿元（单位：人民币，下同），对资产负债 率为 70%以上和资产负债率为 70%以下两类公司的预计对外担保额度分别为 171.00 亿元和 29.00 亿元。 ●本次担保是否有反担保：无 一、担保额度预计情况概述 （一）担保基本情况 为满足公司及其合并报表范围内各级子公司日常生产经营需要，增强资金运用的灵活 性，提高资金使用效率。2025 年度公司对各级子公司、子公司对公司、子公司对子公司之 间因 ...

证券代码：603833 证券简称：欧派家居 公告编号：2025-011 转债代码：113655 转债简称：欧 22 转债 欧派家居集团股份有限公司 一、 召开会议的基本情况 (一) 股东大会类型和届次 2025 年第一次临时股东大会 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票 相结合的方式 关于召开 2025 年第一次临时股东大会的通知 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： (四) 现场会议召开的日期、时间和地点 召开的日期时间：2025 年 3 月 12 日 15 点 00 分 召开地点：广州市白云区广花三路 366 号公司新总部办公楼三楼会议室 (五) 网络投票的系统、起止日期和投票时间。 至 2025 年 3 月 12 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 股东大会召开日期：2025年3月12日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 东大会召开当日的交易时间段，即 9:15- ...

| 证券代码：603833 | 证券简称：欧派家居 公告编号：2025-006 | | --- | --- | | 转债代码：113655 | 转债简称：欧 转债 22 | 欧派家居集团股份有限公司 第四届董事会第二十一次会议决议公告 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。 一、董事会会议召开情况 欧派家居集团股份有限公司（以下简称"公司"或"本公司"）于 2025 年 2 月 24 日以现场结合通讯表决方式召开了第四届董事会第二十一次会议，本次会议 通知已于 2025 年 2 月 20 日以邮件、书面等方式送达全体董事。本次会议由董事 长姚良松先生主持，应出席董事 7 名，实际出席董事 7 名，公司监事、高级管理 人员列席了本次会议。本次会议的召集和召开符合《中华人民共和国公司法》和 《欧派家居集团股份有限公司章程》的有关规定，所作决议合法有效。 二、董事会会议审议情况 同意公司及子公司在风险可控的范围内，根据公司资金管理要求和日常经营 需要，开展总额度不超过人民币 30 亿元（或等值外币）的金融衍生品业务，并 授权 ...

| 证券代码：603833 | 证券简称：欧派家居 | 公告编号：2025-007 | | --- | --- | --- | | 转债代码：113655 | 转债简称：欧 转债 22 | | 欧派家居集团股份有限公司 关于不向下修正"欧 22 转债"转股价格的公告 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法律责任。 重要内容提示： 2025 年 1 月 26 日至 2025 年 2 月 24 日，欧派家居集团股份有限公司（以下简称"公 司"）股票在连续 30 个交易日中已有 15 个交易日的收盘价低于当期转股价格的 80%，触发了 "欧 22 转债"转股价格向下修正条款。 经公司第四届董事会第二十一次会议决议，公司董事会决定不向下修正"欧 22 转债"的 转股价格，并且自本次董事会决议公告日起未来 3 个月内（即自 2025 年 2 月 25 日至 2025 年 5 月 24 日期间），若再次触发"欧 22 转债"的转股价格向下修正条款，亦不向下修正"欧 22 转 债"的转股价格。从 2025 年 5 月 25 日起，若再次触发 ...

| 证券代码：603833 | 证券简称：欧派家居 | | 公告编号：2025-009 | | --- | --- | --- | --- | | 转债代码：113655 | 转债简称：欧 22 | 转债 | | 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： 欧派家居集团股份有限公司 关于使用部分闲置自有资金进行现金管理的公告 投资金额：总额度不超过人民币 120 亿元（含） 投资种类：投资期限不超过 36 个月的商业银行或其他金融机构的安全性高、流动性好 的中低风险投资产品以及银行等金融机构发售的不超过 5 年期的可转让大额存单。 投资期限：自 2025 年第一次临时股东大会审议通过之日起 12 个月内有效，在上述额 度及决议有效期内可循环滚动使用 履行的审议程序：欧派家居集团股份有限公司（以下简称"公司"）于第四届董事会第 二十一次会议审议通过《关于使用部分闲置自有资金进行现金管理的议案》，本事项尚需提交 公司 2025 年第一次临时股东大会审议。 特别风险提示：尽管公司购买安全性高、流动性好的中低风险投 ...

欧派家居集团股份有限公司 关于开展金融衍生品交易业务的可行性分析报告 一、开展金融衍生品交易业务的背景 为防范汇率、利率波动风险，减少汇率和利率波动对欧派家居集团股份有限 公司（以下简称"公司"）经营活动产生的不利影响，在遵守国家政策法规的前 提下，公司及子公司拟选择适合的市场时机开展金融衍生品交易业务，增强公司 财务稳健性，提高盈利能力稳定性。公司及子公司金融衍生品交易业务基于自身 业务需求，以正常生产经营为基础，不进行单纯以投机为目的的金融衍生品交易， 不会影响公司主营业务发展，开展金融衍生品交易业务具有必要性和可行性，资 金使用安排合理，不会对公司的流动性造成影响。 二、开展金融衍生品交易业务的基本情况 （一）交易额度 2025 年度公司及子公司拟开展金融衍生品业务的交易金额不超过 30 亿元人 民币（含等值外币），开展期限内任一时点的交易金额（含使用前述交易的收益 进行交易的相关金额）不超过董事会审议额度，资金可循环使用，具体投资金额 将在上述额度内根据公司和子公司经营需求确定。 （二）资金来源 本次交易的资金来源为公司及控股子公司自有资金或银行信贷资金，不涉及 募集资金。缴纳的保证金比例根据与金融机 ...

重要内容提示： 欧派家居集团股份有限公司 关于使用闲置募集资金进行现金管理的进展公告 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。 证券代码:603833 证券简称:欧派家居 公告编号:2025-005 转债代码:113655 转债简称:欧 22 转债 特此公告。 公司于 2024 年 8 月 27 日披露了《欧派家居关于使用闲置募集资金进行现金管理的进展公 告》（公告编号：2024-065），公司对暂时闲置的募集资金人民币 45,000 万元进行了现金管理。 2025 年 2 月 20 日，公司购买的 25,000 万元单位结构性存款已到期赎回，募集资金本金及其产 生的收益已全部到账，并存放于募集资金专用账户，具体情况如下： | | | | 投入金 | | | 赎回 | | 实际 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 受托方 | 产品 | 产品名称 | 额（万 | 预计年化 | 存续 | 金额 | 实际年化 | 收益 | | 名称 | 类型 ...

Summary of the Conference Call for Oppein Home Company Overview - **Company**: Oppein Home - **Industry**: Home Furnishing and Custom Furniture Key Points and Arguments 2024 Performance Forecast - Oppein Home anticipates a revenue decline of 10% to 20% in 2024, marking the first revenue drop since its establishment in 1994 [3][4] - Revenue growth has slowed from approximately 30% in 2021 to around 10% in recent years, with 2024 showing a significant decline due to macroeconomic factors, the real estate market, and consumer expectations [3][4] Strategic Responses - The company is implementing cost control, organizational restructuring, and strategic adjustments to address challenges, while enhancing its overall home furnishing layout [5][3] - Despite revenue decline, gross margins are stable, and cost management is effective, indicating a focus on maintaining profitability [5] Policy Impact on the Industry - From July 2024, regions like East and South China, particularly Guangzhou, have introduced trade-in and consumption subsidy policies, positively impacting market demand [6][3] - Although new housing starts and completions are declining, the demand from the existing market is gradually emerging, providing some confidence to the company [6] Future Policy Expectations - More subsidy policies are expected post-Chinese New Year in 2025, with large enterprises likely to benefit from these policies due to their established management and sales networks [7][8] - The company is actively engaging with government policies to maximize benefits from regional subsidies [9] 2025 Management Goals - The management goal for 2025 is to stabilize revenue and achieve profit growth that outpaces revenue growth, with plans for annual dividends of at least 1.5 billion yuan from 2025 to 2027 [10][11] - The retail home furnishing business is projected to grow rapidly, with over 850 stores and a nearly 200% increase in total orders year-on-year [12] Market Dynamics and Opportunities - The decline in new housing completions directly affects overall demand, but the existing market presents significant opportunities [13] - The company plans to adapt quickly to regional policies to maximize sales growth, despite lower subsidy amounts compared to previous years [14][15] Operational Efficiency - The company’s headquarters in Guangzhou allows for rapid response to policy changes, with regional management delegated to marketing departments for better market alignment [16] - The company has established bases in several cities to ensure timely access to policy information and market dynamics [16] Challenges in Strategic Implementation - The home furnishing strategy has faced challenges due to the economic environment, requiring adjustments in sales approaches and training for marketing personnel [17][18] - The integration of multi-category sales and the adaptation of support systems to meet market demands are ongoing challenges, but improvements are expected by 2025 [19] Additional Important Insights - The company is optimistic about the long-term demand in the home furnishing sector, despite short-term fluctuations due to subsidy policies and market conditions [13] - The focus on enhancing partnerships and expanding product categories through platform resources is a key part of the growth strategy moving forward [12]

Investment Rating - The investment rating for the company is "Buy" (maintained) [6] Core Views - The company is expected to achieve operating revenue of 182.26 to 205.04 billion yuan in 2024, representing a year-on-year decline of 10% to 20%. The forecasted net profit attributable to the parent company is between 25.80 to 28.84 billion yuan, reflecting a year-on-year decrease of 5% to 15% [6] - The company has seen a narrowing decline in revenue and profit for Q4 2024, with expected revenue of 54.86 billion yuan, down 11.8% year-on-year, and a net profit of 7.01 billion yuan, down 3.4% year-on-year [6] - The implementation of the "old-for-new" subsidy policy has positively impacted sales, with significant sales of related products driven by this initiative [6] - The company is advancing its home furnishing strategy, transitioning from a category-centered model to a city-centered model, and has increased its retail home furnishing stores to over 850 by H1 2024 [6] - The company is expected to benefit from improved real estate policies and ongoing subsidies, which may enhance the valuation of the home furnishing industry [6] Financial Summary - Total operating revenue for 2023 is reported at 22,782 million yuan, with a projected decline to 19,528 million yuan in 2024, followed by a recovery to 20,321 million yuan in 2025 and 21,465 million yuan in 2026 [2][7] - The net profit attributable to the parent company is forecasted to decrease from 3,036 million yuan in 2023 to 2,667 million yuan in 2024, before increasing to 2,784 million yuan in 2025 and 2,945 million yuan in 2026 [2][8] - The company's gross profit margin is expected to remain stable at around 34.8% from 2025 onwards, with a return on equity (ROE) projected to decline slightly from 16.8% in 2023 to 11.2% in 2026 [2]

Investment Rating - The investment rating for the company is "Accumulate" [2][7] Core Views - The company is expected to see marginal improvement in Q4 of the previous year and anticipates a gradual recovery throughout this year [1] - The company is implementing a "big home" strategy to address the overall decline in demand for home products due to pressures in new home sales and a sluggish existing home market [5] - The company is expected to benefit from government policies promoting home renovation and replacement, particularly in 2025 [5] Financial Summary - The company forecasts a net profit attributable to shareholders of the parent company for 2024 to be between 258.03 million and 288.39 million yuan, a year-on-year decrease of 5% to 15% [4] - The expected operating revenue for 2024 is projected to be between 1,825.67 million and 2,050.39 million yuan, reflecting a year-on-year decrease of 10% to 20% [4] - For Q4 2024, the estimated revenue is between 4.347 billion and 6.625 billion yuan, with a year-on-year change ranging from a decline of 30.10% to an increase of 6.54% [4] - The company anticipates a net profit margin of 14.11% for 2024, an increase of 0.78 percentage points from 2023 [6] Earnings Forecast - The company maintains its EPS forecast for 2024-2026 at 4.37 yuan, 4.61 yuan, and 4.93 yuan respectively, with a PE ratio of 13 times for 2025 [7] - The company is expected to see a slight increase in profitability due to enhanced internal management and operational efficiency [6]