证券代码:603833 证券简称:欧派家居 公告编号: 2025-103 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 关于 2025 年中期分红方案的公告 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： 每股分配比例：每股派发现金红利 1.24 元（含税）。 2025 年中期分红以实施权益分派股权登记日登记的总股本扣减回购专用 证券账户的股数为基数，具体将在权益分派实施公告中明确。 在实施权益分派的股权登记日前欧派家居集团股份有限公司（以下简称 "公司"或"欧派家居"）总股本发生变动的，拟维持每股分配比例不变，相应调整 分配总额，并将在相关权益分派实施公告中披露。 公司于 2025 年 12 月 1 日召开第五届董事会第三次会议，审议通过了《关于 公司 2025 年中期分红方案的议案》，现将相关内容公告如下： 一、2025年中期分红方案内容 截 至 2025 年 9 月 30 日 ， 公 司 母 公 司 报 表 中 期 末 未 分 配 利 润 为 人 民 币 2,600,589, ...

Core Viewpoint - The regular adjustment of index samples for various indices including CSI 300, CSI 500, CSI 1000, CSI A50, CSI A100, and CSI A500 will take effect after the market closes on December 12, as announced by China Securities Index Co., Ltd. on November 28 [1]. Group 1: CSI 300 Index Adjustments - The CSI 300 index will replace 11 samples, with new additions including Guolian Minsheng, Guangqi Technology, Ningbo Port, Huadian New Energy, Dongshan Precision, Zhongtian Technology, Zhinanceng, and Light Media. The removed samples include FAW Liberation, Oppein Home, Flat Glass, Longyuan Power, and Trina Solar [2][3]. - The number of samples in the information technology and communication services sectors will increase by 4 and 2 respectively, with weightings rising by 1.46% and 0.75% [5]. Group 2: CSI 500 Index Adjustments - The CSI 500 index will replace 50 samples, with new additions such as Dongfang Yuhong, Heertai, Huahong Company, Yantian Port, Dazhu CNC, Oppein Home, Zhongce Rubber, and Supor. Removed samples include China Great Wall, Semir Apparel, Zhongwen Media, and Wangfujing [5]. - The industrial sector will see an increase of 11 samples, with a weighting rise of 2.48% [6]. Group 3: CSI 1000 Index Adjustments - The CSI 1000 index will replace 100 samples, with new additions including Fenghua Hi-Tech, Shijia Photon, Guoji Precision, Yongding Co., Fuling Pickled Cabbage, Galaxy Magnet, and Hanyu Pharmaceutical [6]. - The number of samples in the communication services and industrial sectors will increase by 6 and 2 respectively, with weightings rising by 0.44% and 0.37% [6]. Group 4: Other Indices Adjustments - The CSI A50 index will replace 4 samples, with new additions including Zhongji Xuchuang, Huagong Technology, Guangqi Technology, and Shenghong Technology, while removing ZTE, Sanhuan Group, Shanghai Airport, and Hualu Hengsheng [7]. - The CSI A100 index will replace 6 samples, with new additions such as Dongfang Fortune, Guangqi Technology, and Zhongke Shuguang, while removing Shanghai Airport, Unisplendour, and CITIC Securities [8]. - The CSI A500 index will replace 20 samples, with new additions including Zhongtian Technology, Genesis, Borui Pharmaceutical, Guotai Haitong, and Chip Origin [9].

Group 1 - The company plans to lease out part of its idle facilities, totaling 13,800 square meters, for a period of 12 months to improve resource allocation efficiency and overall asset yield [2] - The leased properties are located at the intersection of Huayuan Bay Street and Zhulin Third Road in Caidian District, Wuhan, and are part of the fundraising project from the 2022 public issuance of convertible bonds [2] - The leasing contracts have been signed with three companies for production, office, and storage purposes [2] Group 2 - For the first nine months of the year, the company reported a revenue of 13.2 billion yuan, a year-on-year decrease of 4.8%, with Q3 revenue at 4.97 billion yuan, down 6.1% [3] - The net profit attributable to the parent company for the first nine months was 1.83 billion yuan, a decline of 9.8%, with Q3 net profit at 814 million yuan, down 21.79% [3] - The company's investment department remains focused on the home furnishing industry, anticipating a shift from decentralization to concentration, and will dynamically track market demand for potential resource integration and expansion opportunities [3]

Core Insights - The home decoration industry is becoming increasingly competitive, with companies transitioning from rigid product transactions to emotional value resonance, and Oppein's strategic adjustments align well with industry transformations [1] Group 1: Market Trends - Oppein is redefining the concept of "home and love" by stepping outside traditional family scenarios to address new relationship dynamics such as divorced parents, unmarried couples, and friends living together, reflecting changes in social structures and evolving consumer demands [1] - The emotional marketing strategy of Oppein has been consistent over the years, and the recent deep integration of brand philosophy with diverse family needs is aimed at building a competitive moat through the exploration of emotional value [1] Group 2: Business Model - The "emotional co-creation" business model adopted by Oppein aligns with the industry's shift from transaction-driven to value-driven development, providing core momentum for long-term growth and offering a replicable business logic for industry value reconstruction [1]

Core Viewpoint - The stock price of Oppein Home has experienced a decline of 19.66% year-to-date, with a slight increase of 1.56% over the last five trading days, indicating volatility in its market performance [2]. Company Overview - Oppein Home was established on July 1, 1994, and went public on March 28, 2017. The company is based in Guangzhou, Guangdong Province, and specializes in personalized design, research and development, production, sales, installation, and interior decoration services for whole-home furniture products [2]. - The company's main business revenue composition includes: wardrobes and supporting furniture products (51.74%), cabinets (28.80%), wooden doors (6.00%), bathrooms (5.74%), and others (4.69%) [2]. Financial Performance - For the period from January to September 2025, Oppein Home reported operating revenue of 13.214 billion yuan, a year-on-year decrease of 4.79%, and a net profit attributable to shareholders of 1.832 billion yuan, down 9.77% year-on-year [2]. - Since its A-share listing, Oppein Home has distributed a total of 7.234 billion yuan in dividends, with 4.249 billion yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders of Oppein Home was 20,700, a decrease of 1.78% from the previous period. The average number of circulating shares per person increased by 1.81% to 29,382 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 11.1909 million shares (a decrease of 488,600 shares), and several new institutional shareholders such as ICBC Value Selection Mixed A and E Fund Yuxin Bond A [3].

11月23日，人民目报重磅发布《为中国式现代化提供坚强物质支撑》专题报道，系统阐述建设现代化产 业体系的核心路径，并聚焦"智能化、绿色化"产业升级三大方向。其中，欧派家居作为"融合 化"发展的标杆企业被重点报道，其从"产品制造商"向"生态服务商"的战略转型，展现了企业在产业融 合与模式创新上的实践成果。 (上接第一版) 观察一个行业,可以领略"绿色化"的澎湃 活力。 对比一组数据。2010年,我国新能源汽车年 产量不足1万辆;2024年,我国新能源汽车产销量 均超 1200万辆,渗透率为 40.9%。 10余年发展,我国抓住绿色化转型机遇,率外 转换赛道,形成国际竞争新优势。如今,我国新能 源汽车产销量连续10年位居全球首位,一跃成为 全球第一大汽车出口国。 置身一个场景,可以体会"融合化"的协同 魅力。 对着毛坯房拍张照,选择喜爱的装修风格,小 程序自动生成精美效果图;一键切换样式,各类吊 顶、墙面、地板、沙发随意搭配 …… "我们即将上线 人工智能设计助手,为客户提供所感即所要、设计 即制造、制造即服务的一站式家居解决方案。"欧 派家居集团副总裁朱耀军说。 "制造业+现代服务业",眼下,越来越多企业 正从 ...

Core Viewpoint - The company has decided to temporarily adjust the use of part of its idle space in the "Oupai Home Intelligent Manufacturing (Wuhan) Project" by leasing it out to enhance resource allocation efficiency and overall asset yield [2] Summary by Sections Company Meetings - The company will hold the 31st meeting of the 4th Board of Directors and the 19th meeting of the 4th Supervisory Board on September 26 and October 13, 2025, respectively, along with the 4th temporary shareholders' meeting in 2025 [2] Lease Agreements - On November 22, 2025, the company signed property lease contracts with three companies: Jingmen Jiancheng Supply Chain Management Co., Ltd., Wuhan Dawei Xing Technology Co., Ltd., and Hubei Jiajia Plastic Products Co., Ltd. [2] - The total area of the leased factory space is 13,800 square meters, with a lease term of 12 months [2] - The breakdown of leased areas includes 6,500 square meters to Jingmen Jiancheng, 3,300 square meters to Dawei Xing, and 4,000 square meters to Jiajia Plastic [2]

欧派家居公告称，公司拟将"欧派家居智能制造（武汉）项目"部分闲置场地对外出租。2025年，武汉欧 派与荆门建成、达伟兴、佳佳塑料签订《物业租赁合同》，出租厂房面积共1.38万平方米。荆门建成、 达伟兴、佳佳塑料承租面积分别为6500平方米、3300平方米、4000平方米。该事项经董事会、监事会及 股东会审议通过，不构成关联交易和重大资产重组，预计对财务状况有积极影响。 ...

| 证券代码：603833 | 证券简称：欧派家居 | | 公告编号：2025-102 | | --- | --- | --- | --- | | 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 关于暂时调整募投项目部分闲置场地用途的进展公告 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： ●本次交易对方与公司、出租方武汉欧派智能家居有限公司（以下简称"武汉欧派"）均不 存在关联关系，本次交易不构成关联交易，亦不构成重大资产重组。 ●公司将严格遵循"保障生产经营稳定性"的原则，本次交易事项不会对公司正常经营产生 重大不利影响，通过将募投项目部分闲置场地对外出租，有助于提高场地利用效率，盘活存量 资产并增强整体运营效能，并能够获取相应的租金收益，对公司未来财务状况将产生一定的积 极影响。本次交易事项遵循公平、公正、公开的原则，定价公允合理，对外出租面积和出租期 限均在股东会审批的范围内，不存在损害公司及全体股东利益的情形。 一、交易情况概述 公司于 2025 年 9 月 ...

Summary of Conference Call Records Industry Overview - The conference call primarily discusses the real estate industry and its related sectors, including construction materials and banking. Key Points on Real Estate Industry - The real estate price decline cycle is categorized into small, medium, and large bubbles, each with different declines and durations [1] - Core city housing prices are under pressure due to pessimistic income or inflation expectations, as well as inverted rent-to-sale ratios and interest rates [1][4] - Valuation indicators like rent-to-sale ratios and price-to-income ratios are useful for identifying price turning points but typically lag behind actual price changes [2] - Loan interest subsidy policies can significantly impact the real estate market, with the coverage scope and duration being critical factors [5] - Improving income expectations is more crucial than the interest rates themselves for enhancing housing attractiveness [5] Challenges Facing the Real Estate Sector - The real estate industry is currently facing multiple challenges, including weakened transaction volumes, pressure from old and new inventory, and low income expectations [6] - New and second-hand housing transactions have declined, affecting related sectors like construction materials [6] - Quality leading companies are showing strong risk resistance and growth potential by increasing market share and optimizing their structures [6] Insights on Construction Materials Industry - Despite the ongoing downturn in the real estate market, some leading companies in the construction materials sector are showing signs of operational turning points [7] - Companies like Oriental Yuhong and Beixin Materials are expected to achieve year-on-year growth even if the real estate market continues to decline [7] - The waterproofing industry leaders are experiencing strong growth momentum, with market share increasing from 28% to 30-35% [7] Investment Opportunities in the Construction Sector - The construction industry is poised for new investment opportunities as the real estate market stabilizes and policy expectations strengthen [8] - Key players in the construction sector, such as China State Construction and China Railway Construction, are highlighted as significant investment targets [9] Banking Sector Insights - Banks are facing significant interest margin pressure, with asset yields continuing to decline [14] - Future policies may focus on alleviating pressure on banks and residents through loan interest subsidies [15] - The overall valuation of bank stocks is expected to recover, with attractive dividend yields [16] Home Furnishing Industry Analysis - The home furnishing industry shows strong investment value, particularly among leading companies with good cash flow [10] - Companies like Oppein and Gujia are expected to perform well, providing a safety net for investors [10][11] - The soft furniture segment is outperforming the custom furniture segment, benefiting from increased market share in the second-hand housing market [10] Conclusion - The real estate sector is currently under pressure but presents potential investment opportunities in leading companies within the construction materials and home furnishing industries. The banking sector is also expected to recover, providing attractive investment options.