证券代码：000785 证券简称：居然智家 公告编号：临 2025-065 居然智家新零售集团股份有限公司 第十一届董事会第二十三次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 一、董事会会议召开情况 居然智家新零售集团股份有限公司（以下简称"公司"）第十一届董事会第 二十三次会议（以下简称"本次会议"）于 2025 年 11 月 11 日以现场结合通讯形 式召开，会议通知已于 2025 年 11 月 4 日以电子邮件的方式发出。本次会议应出 席会议董事 12 人，实际出席会议董事 12 人。会议由公司董事长兼 CEO 王宁先 生主持。本次会议的召开符合《中华人民共和国公司法》及《居然智家新零售集 团股份有限公司章程》（以下简称"《公司章程》"）的规定。 二、董事会会议审议情况 （一）审议通过《关于修订〈公司章程〉及附件的议案》 根据《中华人民共和国公司法》、中国证监会《上市公司章程指引》等规定， 结合公司实际，对《公司章程》及附件《股东会议事规则》《董事会议事规则》 进行修订。《公司章程》及附件中关于公司监事会、监事的条款，待公司股东大 会审 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000785 证券简称：居然智家 公告编号：临2025-064 居然智家新零售集团股份有限公司 关于子公司提供担保的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 一、担保情况概述 北京居然之家家居连锁有限公司（以下简称"家居连锁"）为居然智家新零售集团股份有限公司（以下简 称"公司"、"本公司"）全资子公司，北京居然之家商业物业有限公司（以下简称"商业物业"）为家居连 锁全资子公司，哈尔滨信源商业管理有限公司（以下简称"哈尔滨信源"）、吉林太阳城物业管理有限公 司（以下简称"吉林太阳城"）、内江居然之家物业管理有限公司（以下简称"内江居然"）为商业物业全 资子公司。 前期因业务发展需要，家居连锁与中国工商银行股份有限公司北京东城支行（以下简称"工商银行北京 东城支行"）签订《电子供应链数字信用凭据融资业务合作协议》等相关协议，工商银行北京东城支行 为家居连锁提供最高额为人民币7.4亿元的保理融资服务（以下简称"本次主债权"）。哈尔滨信源以其 持有的黑龙江省哈尔滨市道外区先锋路168号地产、吉林 ...

近期，经与工商银行北京东城支行友好协商，内江居然拟以其持有的位于四 川省内江市东兴区汉安大道西段 89 号四楼 1 号的地产对本次主债权提供最高额 抵押担保。 本次抵押担保事项无需提交本公司董事会和股东大会审议。 证券代码：000785 证券简称：居然智家 公告编号：临 2025-064 居然智家新零售集团股份有限公司 关于子公司提供担保的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 一、担保情况概述 北京居然之家家居连锁有限公司（以下简称"家居连锁"）为居然智家新零 售集团股份有限公司（以下简称"公司"、"本公司"）全资子公司，北京居然 之家商业物业有限公司（以下简称"商业物业"）为家居连锁全资子公司，哈尔 滨信源商业管理有限公司（以下简称"哈尔滨信源"）、吉林太阳城物业管理有 限公司（以下简称"吉林太阳城"）、内江居然之家物业管理有限公司（以下简 称"内江居然"）为商业物业全资子公司。 前期因业务发展需要，家居连锁与中国工商银行股份有限公司北京东城支行 （以下简称"工商银行北京东城支行"）签订《电子供应链数字信用凭据融资业 务合作协议》等相关协议， ...

Core Viewpoint - The change in actual control of the company is due to the passing of the original actual controller, Mr. Wang Linpeng, with his spouse, Ms. Yang Fang, inheriting shares through property division and inheritance, which will not have a significant adverse impact on the company [2][6]. Summary by Sections 1. Basic Situation of Equity Change - Following the death of Mr. Wang Linpeng, Ms. Yang Fang has gained control of 2,735,620,872 shares, representing 43.93% of the total share capital of the company, thus becoming the new actual controller [2][3]. 2. Progress of Equity Change - Ms. Yang Fang is actively processing the transfer of shares. The 100% equity of Beijing Zhongtian Jiyie Commercial Management Co., Ltd. has been successfully transferred to her, while the transfer of shares held by Mr. Wang in other entities is still underway [3][4]. 3. Indirect and Direct Equity Changes - Mr. Wang directly held 16.7003% of the shares in the company and 100% of the shares in the subsidiary, which are still in the process of being transferred [4][5]. - The direct equity held by Mr. Wang in the company amounts to 372,049,824 shares, accounting for 5.97% of the total share capital, with the transfer process ongoing [5]. 4. Other Matters - The equity change is not expected to significantly impact the company's daily operations or financial status, nor will it affect the company's independence and ongoing viability [6].

证券代码：000785 证券简称：居然智家 公告编号：临 2025-063 居然智家新零售集团股份有限公司 关于实际控制人发生变更暨股东权益变动的 《收购报告书》披露后，公司实际控制人杨芳女士正在积极办理相关过户手 续。汪林朋先生持有北京中天基业商业管理有限公司（以下简称"中天基业"） 100%股权，中天基业持有北京居然之家投资控股集团有限公司（以下简称"居然 控股"）69.6190%股权，中天基业持有北京华联综艺广告有限公司（以下简称"华 联综艺"）99.1736%股权，华联综艺持有居然控股 3.1308%股权。目前，汪林朋 先生持有的中天基业 100%股权已完成工商变更手续，杨芳女士现持有中天基业 100% 股 权 ， 具 体 详 见 公 司 于 2025 年 10 月 14 日 在 巨 潮 资 讯 网 （http://www.cninfo.com.cn）披露的《关于实际控制人发生变更暨股东权益变 动的进展公告》（公告编号：临 2025-061）。 进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 重要提示： 1、本次权益变动系居然智家新零售集团股 ...

Core Viewpoint - The company is undergoing significant transformation, focusing on professionalization, risk management, and a shift from rental to retail business, indicating a strong growth potential in the home furnishing industry [1][2]. Industry Outlook - The home furnishing and building materials industry is characterized by a large market size of approximately 5 trillion yuan, yet low market concentration, with leading companies like the company and Red Star Macalline holding less than 20% market share, suggesting substantial growth opportunities for top players [1][2]. - Over 82% of consumers still prefer traditional furniture markets for purchasing furniture and building materials, indicating a strong competitive advantage for offline home furnishing markets [1]. - The industry has low repurchase rates but high cross-selling potential, as consumers often buy multiple related products in a single transaction [1]. Company Strategy and Adjustments - The company is transitioning from a phase of rapid expansion to a focus on refined operations, adapting to a new cycle characterized by "survival of the fittest" [2]. - The company has established a standardized operational system across nearly 400 stores nationwide, enhancing its market presence [2]. - Organizational restructuring has led to the creation of a new retail marketing center, integrating online marketing tools with physical store operations to improve efficiency [2]. Business Segments and Future Plans - As of mid-2025, the company aims for a "retail-led" business structure, with retail revenue of 3.631 billion yuan, accounting for 56.34% of total revenue, reflecting a year-on-year growth of 29.49% [3]. - The company plans to develop 50 lifestyle experience centers in major cities over the next three years, focusing on immersive experiences for home office, pet cohabitation, and family interaction [3]. - The rental business remains a significant revenue source, generating 2.6 billion yuan, or 40.34% of total revenue, with a gross margin of 47.24% [4]. Digital Transformation and Brand Strategy - The company has reverted its name back to "居然之家" to emphasize a return to its core business essence, while integrating digital and intelligent upgrades into its operations [6]. - The company has achieved significant digital integration, with over 19 million registered designers globally and extensive design case studies, enhancing its service offerings [6]. International Expansion Plans - The company plans to integrate supply chains and promote domestic brands internationally, with a focus on Southeast Asia and the Middle East, targeting regions with rising property prices and a young population [7]. - The company aims to diversify its overseas business to include not only home furnishing but also local dining experiences, enhancing its market presence abroad [7]. Financial Management and Future Projections - The company maintains a moderate debt level, primarily for long-term beneficial projects, ensuring short-term repayment pressure is low [8]. - The company anticipates increasing its market share from 12.5% to 15-20% over the next three to five years, particularly in economically strong regions like East China [8].

Core Viewpoint - The company is entering a new phase of development characterized by a shift to a "professional management team" model and a strategic focus on "digital intelligence, scenario-based services, globalization, and sustainable development" to transform from a home furnishing operator to a comprehensive industry digital service provider [1][2][3] Group 1: Company Development and Strategy - On October 29, the company held a strategic launch event in Beijing, announcing its transition to a new management model and strategic focus [1] - The company has a 26-year history, evolving from a pioneer in service commitments to a leading player with 399 stores nationwide, emphasizing standardized operations and digital transformation [2] - The company aims to optimize its organizational structure and focus on core business areas to strengthen its physical store operations [2] Group 2: Market Trends and Challenges - The home furnishing industry is undergoing a significant transformation driven by consumer upgrades, technological advancements, and intense market competition [3] - The market is shifting towards a "stock competition" model, with the renovation of existing homes projected to account for 44.4% of the home decoration market by 2024, up 5 percentage points from 2023 [3] - The smart home market is expected to grow to 651.56 billion yuan by 2025, with a compound annual growth rate (CAGR) of 16.32% from 2016 to 2025 [3] Group 3: Strategic Upgrades - The company has upgraded its four strategic pillars to "digital intelligence, scenario-based services, globalization, and sustainable development" [4][5] - The digital intelligence strategy includes platforms that streamline the design, selection, and delivery processes, enhancing the overall customer experience [4] - The company plans to create 50 lifestyle experience centers in major cities over the next three years to meet diverse consumer needs [4] Group 4: Service and Business Model Innovations - The company is addressing the challenges of high vacancy rates and competition by enhancing its service offerings and introducing the "Hundred Rivers Plan," which allows for dynamic rent adjustments based on traffic [6] - The new service system includes a unified cash register and several customer-centric services, such as a three-year warranty and a price guarantee [6] - The company emphasizes the importance of trust and collaboration with partners and consumers, showcasing its commitment to customer value [6][7] Group 5: Industry Impact and Future Outlook - The company's strategic upgrades are not only aimed at its own growth but also at fostering a healthier industry ecosystem [7] - The company is committed to maintaining a customer-first approach and building a symbiotic ecosystem with partners [7]

Core Viewpoint - The company acknowledges the decline in its stock price but attributes it to multiple external factors rather than internal management issues [2]. Group 1: Company Management and Strategy - The company asserts that its operational management is normal and emphasizes ongoing strategic upgrades, service enhancements, and business model improvements to boost enterprise value creation [2]. - The management team plans to utilize various market value management tools legally to enhance shareholder returns [2]. Group 2: Investor Communication - The company is committed to improving investor communication and information disclosure to enhance the effectiveness of value transmission [2].

Core Viewpoint - The stock of Juran Smart Home has shown fluctuations, with a recent increase of 2.12% but a year-to-date decline of 19.05%, indicating potential volatility in its market performance [1][2]. Financial Performance - For the period from January to September 2025, Juran Smart Home reported a revenue of 9.159 billion yuan, a year-on-year decrease of 3.38%, and a net profit attributable to shareholders of 398 million yuan, down 45.58% compared to the previous year [2]. - The company has cumulatively distributed dividends of 3.617 billion yuan since its A-share listing, with 1.643 billion yuan distributed over the last three years [3]. Stock Market Activity - As of October 31, Juran Smart Home's stock price was 2.89 yuan per share, with a market capitalization of 17.996 billion yuan. The trading volume was 150 million yuan, with a turnover rate of 0.89% [1]. - The stock has appeared on the "Dragon and Tiger List" five times this year, with the most recent instance on February 17, where it recorded a net buy of -160 million yuan [1]. Shareholder Information - As of September 30, 2025, the number of shareholders for Juran Smart Home was 101,600, a decrease of 8.96% from the previous period, while the average circulating shares per person increased by 9.85% to 58,038 shares [2].

Group 1 - The company, Juran Smart Home, announced the convening of its 11th Board of Directors meeting on October 29, 2025, to review the proposal for the Q3 2025 report [1] - For the first half of 2025, the revenue composition of Juran Smart Home was as follows: 56.34% from product sales, 40.34% from leasing and franchise management services, and 1.61% from renovation services [1]