证券代码：603833 证券简称：欧派家居 公告编号：2025-001 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 关于可转债转股结果暨股份变动公告 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： 累计转股情况：自 2023 年 2 月 13 日至 2024 年 12 月 31 日，欧派家居集团股份有限公 司（以下简称"公司"）累计共有 75,000.00 元"欧 22 转债"已转换成公司 A 股普通股股票，累计 转股数为 574 股，占可转债转股前公司已发行股份总额 609,151,948 股的 0.00009%。 未转股可转债情况：截至 2024 年 12 月 31 日，尚未转股的"欧 22 转债"金额为 1,999,925,000 元，占可转债发行总量的 99.9963%。 2024 年 10 月 1 日至 2024 年 12 月 31 日期间，"欧 22 转债"累计转换成公司 A 股普通股股 票 16 股。 自 2023 年 2 月 13 日至 2024 年 12 月 3 ...

| 证券代码：603833 | 证券简称：欧派家居 | | 公告编号：2024-096 | | --- | --- | --- | --- | | 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 关于全资子公司工商登记信息变更的公告 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。 欧派家居集团股份有限公司接全资子公司清远欧派集成家居有限公司（以下简称"清远欧 派"）和天津欧派集成家居有限公司（以下简称"天津欧派"）报告，经清远市清城区市场监督管 理局和天津市静海区市场监督管理局核准，清远欧派和天津欧派对部分工商登记信息进行变更， 相关备案手续已办理完毕，并取得新换发的《营业执照》。具体情况如下： 一、本次工商登记信息主要变更情况 （一）清远欧派工商登记信息主要变更情况 | 变更事项 | 变更前内容 | | 变更后内容 | | --- | --- | --- | --- | | 注册资本 | 10,000 | 万元 | 25,000 万元 | （二）天津欧派工商登记信息主要变更情况 （ ...

| 证券代码：603833 | 证券简称：欧派家居 公告编号：2024-095 | | --- | --- | | 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 2024 年 12 月 16 日以通讯表决方式召开了第四届董事会第二十次会议，本次会议通知已于 2024 年 12 月 12 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 （一）审议通过《关于制定<欧派家居集团股份有限公司市值管理制度>的议 案》。 表决结果：7 票同意，0 票反对，0 票弃权。 为规范公司的市值管理行为，切实推 ...

证券代码：603833 证券简称：欧派家居 公告编号：2024-094 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 关于公司及控股子公司对外担保进展公告 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： ●被担保人名称及是否为上市公司关联人：清远欧派集成家居有限公司（以下简称"清远 欧派"），清远欧派为公司全资子公司，本次担保不构成关联担保。 ●本次担保金额及已实际为其提供的担保余额：为确保子公司清远欧派与平安银行股份有 限公司广州分行（以下简称"平安银行广州分行"）合同的履行，保障平安银行广州分行与清远 欧派间一系列债务的按时足额清偿，欧派家居集团股份有限公司（以下简称"公司"或"欧派家 居"）作为保证人向平安银行广州分行提供最高额连带责任保证，本次担保的最高本金余额为 人民币 5,000 万元。公司已实际为清远欧派向各银行提供的担保余额为人民币 44,000 万元。 ●本次担保是否有提供反担保：无 ●对外担保逾期的累计数量为：0 （二）本担保事项履行的内部决策程序 2024 年 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [2][4]. Core Views - The company is actively deepening its whole-house home furnishing strategy, leading a new model of home development [2][4]. - The company is a leading one-stop high-quality home service provider in China, engaged in personalized design, research and development, production, sales, installation, and interior decoration services for whole-house home products [2][4]. - The company has a diversified brand matrix and is advancing its home furnishing strategy, with a focus on integrating various product categories and channels [2][4][64]. Summary by Sections Overview - The company is transitioning from a cabinet-focused business to a comprehensive home product provider, covering kitchen, wardrobe, bathroom, wooden door systems, metal doors and windows, soft furnishings, and furniture [64]. - The brand matrix includes multiple brands targeting different consumer segments, with over 8,000 stores globally [64][66]. Industry - Policy incentives are attracting customer traffic, and the whole-house model is enhancing customer value [2][4]. - The "old-for-new" policy is expected to stimulate home consumption, benefiting leading companies due to their higher compliance [2][4]. Company - The company is undergoing significant departmental reforms to enhance product integration and deepen its omnichannel development strategy [2][4]. - The company has achieved leading revenue in the industry, with a focus on expanding its product categories and improving profit margins [2][4][76]. - The company’s revenue for 2023 was 227.82 billion yuan, with a year-on-year growth of 1.35% [76]. - The company’s net profit for 2023 was 30.36 billion yuan, with a year-on-year growth of 12.9% [76]. Financial Forecast and Investment Recommendations - Revenue forecasts for 2024-2026 are 194.75 billion yuan, 206.28 billion yuan, and 215.62 billion yuan, with respective year-on-year changes of -14.5%, +5.9%, and +4.5% [4][5]. - Net profit forecasts for the same period are 26.52 billion yuan, 28.24 billion yuan, and 29.72 billion yuan, with respective year-on-year changes of -12.7%, +6.5%, and +5.2% [4][5].

| | | | 投入金 | | | 赎回 | 实际年 | 实际 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 受托方 | 产品 | 产品名称 | 额（万 | 预计年化 | 存续 | 金额 | 化收益 | 收益 | | 名称 | 类型 | | | 收益率 | 期限 | | | | | | | | 元） | | | （万元） | 率 | （万元） | | 中国建设 | 银行 | 中国建设银 行广东省分 | | 收益率上 | | | | | | 银行股份 | 理财 | 行单位人民 | 5,000 | 限：2.00% | 31天 | 5,000 | 1.31% | 5.54 | | | | | | 收益率下 | | | | | | 有限公司 | 产品 | 币定制型结 | | 限：0.80% | | | | | | | | 构性存款 | | | | | | | 注：实际收益数值保留两位小数。 证券代码:603833 证券简称:欧派家居 公告编号:2024-093 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 关于使用 ...

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 70.38 CNY per share based on a 15x PE valuation for 2025 [6][3]. Core Views - The company's profitability has improved, with Q1-3 2024 revenue at 13.88 billion CNY, down 16.2% year-on-year, and net profit at 2.03 billion CNY, down 12.1% year-on-year. The third quarter saw revenue of 5.30 billion CNY, down 21.2% year-on-year, and net profit of 1.04 billion CNY, down 11.6% year-on-year [2][3]. - Revenue pressure continues, but the company anticipates positive effects from the "old-for-new" program starting in Q4. Revenue from cabinets, wardrobes, sanitary ware, and wooden doors in Q1-3 2024 was 4.03 billion CNY, 7.19 billion CNY, 0.80 billion CNY, and 0.83 billion CNY respectively, showing declines of 22.0%, 19.0%, 1.6%, and 17.1% year-on-year [3][2]. - Gross margin has improved, with Q1-3 2024 gross margin at 35.5%, up 1.6 percentage points year-on-year, and net margin at 14.6%, up 0.8 percentage points year-on-year. In Q3 2024, gross margin reached 40.4%, up 2.7 percentage points year-on-year, and net margin was 19.7%, up 2.2 percentage points year-on-year [3][2]. Financial Summary - The company is projected to achieve net profits of 2.70 billion CNY, 2.85 billion CNY, and 2.99 billion CNY for 2024, 2025, and 2026 respectively, with corresponding valuations of 15x, 14x, and 13x [3][5]. - The company's revenue for 2024 is estimated at 19.78 billion CNY, reflecting a decline of 13.2% year-on-year, with a projected recovery in subsequent years [5][3]. - The report highlights a decrease in the number of stores, with a net reduction of 536 stores to 8,180 by the end of Q3 2024, indicating ongoing operational pressures [3][2].

广东信达律师事务所 股东大会法律意见书 中国 深圳 福田区益田路6001号太平金融大厦11、12楼 邮政编码：518038 11-12/F, TaiPing Finance Tower,Yitian Road 6001,Futian District, ShenZhen, P.R.China 518038 电话(Tel.)：(86 755)88265288 传真(Fax.)：(86 755)88265537 电子邮件（Email）：info@sundiallawfirm.com 网址（Website）：www.sundiallawfirm.com 广东信达律师事务所 关于欧派家居集团股份有限公司 2024 年第一次临时股东大会的法律意见书 信达会字（2024）第 299 号 致：欧派家居集团股份有限公司 广东信达律师事务所（下称"信达"）接受欧派家居集团股份有限公司（下 称"欧派家居"或"公司"）的委托，指派信达律师出席欧派家居 2024 年第一 次临时股东大会（下称"本次股东大会"），对欧派家居本次股东大会的合法性 进行见证，并出具本《广东信达律师事务所关于欧派家居集团股份有限公司 2024 年第一次临时股 ...

本次会议是否有否决议案：无 2024 年第一次临时股东大会决议公告 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。 重要内容提示： | 证券代码：603833 | 证券简称：欧派家居 公告编号：2024-092 | | --- | --- | | 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 | 1、出席会议的股东和代理人人数 | 550 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 511,173,273 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 84.3901 | | 份总数的比例（%） | | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议由公司董事会召集，董事长姚良松先生主持，本次会议以现场投票 和网络投票相结合的方式对本次股东大会通知中列明的事项进行了投票表决。其 中：出席本次股东大会现场会议的股东以记名表决的方式对本次股东大会通知中 列明的事项进行了投票表决，并进行了监票、计票 ...

Investment Rating - The report maintains a "Strong Buy" rating for the company with a target price of 89 CNY per share, compared to the current price of 72.02 CNY [1]. Core Insights - The company reported a revenue of 138.8 billion CNY and a net profit attributable to shareholders of 20.3 billion CNY for the first three quarters of 2024, reflecting a year-over-year decline of 16.2% and 12.1% respectively. In Q3 alone, the revenue was 53.0 billion CNY, with a net profit of 10.4 billion CNY, showing a year-over-year decline of 21.2% and 11.6% respectively [1]. - Despite the challenging market conditions, the company continues to optimize its store structure and maintain profitability. The gross margin improved to 40.4% in Q3, up 2.7 percentage points year-over-year, attributed to cost reduction and an increase in the proportion of high-margin customized products [1]. - The company is focusing on channel transformation and cost efficiency, with expectations that the home replacement policy will boost end-demand. Projected net profits for 2024-2026 are 26.69 billion CNY, 28.52 billion CNY, and 30.82 billion CNY respectively [1]. Financial Summary - For 2023, the total revenue is projected at 22,782 million CNY, with a year-over-year growth of 1.3%. However, for 2024, a decline of 14.1% is expected, with revenues of 19,580 million CNY. The net profit for 2023 is estimated at 3,036 million CNY, with a projected decline of 12.1% to 2,669 million CNY in 2024 [2]. - The earnings per share (EPS) for 2023 is 4.98 CNY, expected to decrease to 4.38 CNY in 2024, with a price-to-earnings (P/E) ratio of 16 for 2024 [2][4].