证券代码：000785 证券简称：居然智家 公告编号：临 2025-015 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"）的全资子公司，北京居 然之家智能科技有限公司（以下简称"居然智能"）为家居连锁的全资子公司， 北京居然智慧家艾谱科技有限公司（以下简称"智慧家艾谱科技"）、北京居然 智慧家智能互联科技有限公司（以下简称"智慧家智能互联"）、北京居然智慧 家教育科技有限公司（以下简称"智慧家教育科技"）为居然智能的全资子公司。 近期智慧家艾谱科技、智慧家智能互联、智慧家教育科技由于业务需要，拟向中 国银行股份有限公司北京东城支行申请综合授信额度，具体内容如下： 3、法定代表人：于文杰 4、注册资本：5,000 万元人民币 5、经营范围：技术开发；贸易经纪；货物进出口、技术进出口、代理进出 口；设计、制作、代理、发布广告；销售日用品、电子产品、家用电器、卫生用 品、工 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative price increase of over 20% compared to the market benchmark index within the next six months [18]. Core Insights - The company is leveraging AI technology to enhance its home decoration design platform, "居然设计家," which has gained significant traction with over 18 million registered designers globally, including more than 15 million overseas [2][3]. - The partnership with 优必选 aims to deploy 500 humanoid robots in retail stores by the end of 2025, enhancing customer shopping experiences and creating new smart consumption scenarios [3]. - The company is expected to see a gradual recovery in net profit from 1.02 billion yuan in 2024 to 1.19 billion yuan in 2026, with a projected growth rate of 8% in both 2025 and 2026 [4]. Financial Data and Valuation - Revenue is projected to grow from 13.74 billion yuan in 2024 to 16.60 billion yuan in 2026, reflecting a compound annual growth rate of approximately 10% [4]. - The net profit for 2024 is estimated at 1.02 billion yuan, with a significant decrease of 21.4% year-on-year, followed by a recovery in subsequent years [4]. - The company's price-to-earnings ratio (P/E) is expected to be 26x in 2025, indicating a premium valuation due to its leading position in the smart home industry [4]. Business Operations - The "居然设计家" platform utilizes advanced technologies such as AI, 3D modeling, and big data to provide personalized design solutions, aiming to integrate the entire home decoration process from design to supply chain and construction delivery [3]. - The company has established a cross-platform collaboration engine, allowing designers to work simultaneously on projects, enhancing efficiency and creativity [3].

证券代码：000785 证券简称：居然智家 公告编号：临 2025-013 居然智家新零售集团股份有限公司 关于第一期员工持股计划第二个锁定期届满的 提示性公告 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。 居然智家新零售集团股份有限公司（曾用名：居然之家新零售集团股份有限 公司，以下简称"公司"或"本公司"）于 2023 年 2 月 15 日召开第十一届董事 会第二次会议、第十届监事会第二次会议，于 2023 年 3 月 7 日召开 2023 年第一 次临时股东大会，审议通过了《关于<居然之家新零售集团股份有限公司第一期 员工持股计划（草案）>及其摘要的议案》及相关议案，同意公司实施第一期员 工持股计划（以下简称"本次员工持股计划"）。具体内容请见公司分别于 2023 年 2 月 17 日、2023 年 3 月 8 日在巨潮资讯网（http://www.cninfo.com.cn）披 露的相关公告。 鉴于公司本次员工持股计划第二个锁定期将于 2025 年 3 月 24 日届满，根据 《关于上市公司实施员工持股计划试点的指导意见》及《深圳证券交易所上市公 司 ...

Investment Rating - The report gives a "Buy" rating for the marine economy industry and for Manbang Group (YMM) [1][2][22]. Core Insights - The marine economy is driving economic acceleration, with deep-sea technology injecting new quality into the sector. The national marine production value is expected to exceed 10 trillion yuan in 2024, accounting for 7.8% of GDP, with a contribution of 11.5% to GDP growth [1][24]. - Manbang Group is a leading cross-city digital freight platform in China, with an estimated GTV of 330 billion yuan in 2023, capturing nearly 50% of the market share. The company is expected to see significant profit growth due to the rise of new energy heavy trucks and smart driving [2][41]. Summary by Sections Marine Economy - The marine economy is a crucial driver of economic growth, with significant potential for expansion. The government has highlighted "deep-sea technology" in its reports, indicating a focus on this area for future development [1][24]. - Investment opportunities in the marine economy include offshore wind power, marine oil and gas equipment, port shipping, seawater desalination, and marine aquaculture [1][26]. Manbang Group - Manbang Group's GTV in cross-city digital freight is projected to be around 300 billion yuan in 2023, with a fulfillment order volume of 159 million and active shippers and drivers at 2.24 million and 3.9 million, respectively [2][41]. - The company is expected to achieve net profits of 30.7 billion, 44.3 billion, and 63.3 billion yuan from 2024 to 2026, with a growth rate of approximately 40% [2][41]. The target PE ratio is set at 30 times, corresponding to a target price of $17.52 [2][22].

Investment Rating - The report maintains a "Buy" rating for the company with a target price not specified [5]. Core Insights - The company is accelerating its digital transformation and enhancing its smart home segment through a strategic partnership with UBTECH Robotics, aiming to deploy 500 humanoid robots by the end of 2025 and sell 10,000 units during the cooperation period [1]. - The company plans to leverage AI technology to integrate design and product transactions seamlessly, enhancing user experience in home decoration and smart home solutions [2]. - The earnings per share (EPS) forecasts for 2024, 2025, and 2026 are projected at 0.17, 0.18, and 0.19 yuan respectively, with corresponding price-to-earnings (PE) ratios of 28.76, 27.05, and 24.88 [3]. Financial Data and Valuation - The company's revenue is projected to grow from 12,980.58 million yuan in 2022 to 15,907.02 million yuan in 2026, with a compound annual growth rate (CAGR) of approximately 5.30% from 2024 to 2025 and 9.50% from 2025 to 2026 [4]. - The net profit attributable to the parent company is expected to decline from 1,648.34 million yuan in 2022 to 1,191.46 million yuan in 2026, with a notable recovery projected in 2025 [4]. - The company’s total assets are estimated to increase from 53,388.27 million yuan in 2022 to 58,521.30 million yuan in 2026, indicating a steady growth trajectory [10].

Investment Rating - The report maintains a "Buy" rating for the company with a target price not specified [5]. Core Insights - The company is accelerating its digital transformation and enhancing its smart home segment through a strategic partnership with UBTECH Robotics, aiming to deploy 500 humanoid robots by the end of 2025 and sell 10,000 units during the cooperation period [1]. - The company plans to leverage AI technology to integrate design and product transactions seamlessly, enhancing user experience in home decoration and smart home solutions [2]. - The financial forecast estimates EPS for 2024, 2025, and 2026 to be 0.17, 0.18, and 0.19 yuan respectively, with corresponding PE ratios of 28.76, 27.05, and 24.88 [3]. Financial Data and Valuation - Revenue projections show a gradual increase from 12,980.58 million yuan in 2022 to 15,907.02 million yuan in 2026, with growth rates of -0.69%, 4.09%, 2.10%, 5.30%, and 9.50% respectively [4]. - The company's net profit attributable to the parent company is expected to decline from 1,648.34 million yuan in 2022 to 1,030.79 million yuan in 2024, before recovering to 1,191.46 million yuan in 2026 [4]. - The company’s total assets are projected to grow from 53,388.27 million yuan in 2022 to 58,521.30 million yuan in 2026, indicating a stable financial position [10].

Investment Rating - The report maintains a "Buy" rating for the company with a target price not specified [5] Core Insights - The company is accelerating its digital transformation and enhancing its smart home segment through a strategic partnership with UBTECH Robotics, aiming to deploy 500 humanoid robots by the end of 2025 and sell 10,000 units during the cooperation period [1] - The company plans to leverage AI technology to integrate design and product transactions seamlessly, enhancing user experience in home decoration [2] - The earnings per share (EPS) forecast for 2024-2026 is projected at 0.17, 0.18, and 0.19 yuan respectively, with corresponding price-to-earnings (PE) ratios of 29X, 27X, and 25X [3] Financial Data and Valuation - Revenue (in million yuan) is projected to grow from 12,980.58 in 2022 to 15,907.02 in 2026, with a compound annual growth rate (CAGR) of approximately 5.30% from 2024 to 2025 and 9.50% from 2025 to 2026 [4] - The net profit attributable to the parent company is expected to decline from 1,648.34 million yuan in 2022 to 1,191.46 million yuan in 2026, with a notable decrease of 29.11% in 2022 [4] - The company’s total assets are projected to increase from 53,388.27 million yuan in 2022 to 58,521.30 million yuan in 2026 [10]

将智能机器人全面融入家居产业及家庭场景。 本文为IPO早知道原创 作者｜Stone Jin 微信公众号｜ipozaozhidao 据IPO早知道消息，居然智家日前与优必选正式签订战略合作协议。 根据战略合作协议，双方将共同推进人形机器人在居然智家新零售门店等商业销售场景的应用。协议 提到， 居然智家拟于2025年底前采购部署500台优必选仿真人形机器人，提升客户购物体验，塑造 智慧消费新场景。居然智家也将对优必选的仿真人形机器人进行推广，在战略合作目标期内计划销售 10000台 。 同时，双方还将在打造智能家居消费场景，以及全品类机器人家居行业战略合作推广等方面开展合 作。居然智家将积极推动优必选智能养老机器人在家庭服务环境及相关养老服务场景的应用，以满足 日益增长的养老服务智能化需求。 此外，双方还计划基于优必选在人形机器人核心技术上的优势，结合居然智家在家装领域的场景需求 及 AI 设计、智能装修经验，联合开发装修机器人，助力装修行业降本增效，推动居然智家家装业务 商业模式转型，提升用户装修体验。 此外，双方还计划基于优必选在人形机器人核心技术上的优势，结合居然智家在家装领域的场景需求 及 AI 设计、智 ...

证券代码：000785 证券简称：居然智家 公告编号：临2025-012 居然智家新零售集团股份有限公司 2025年第一次临时股东大会会议决议公告 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。 特别提示： （1）现场会议召开时间：2025年3月3日（星期一）14:00时； （2）网络投票时间： 通过深圳证券交易所交易系统投票的时间为2025年3月3日上午9:15—9:25， 9:30—11:30和下午13:00—15:00； 通过深圳证券交易所互联网投票系统（http://wltp.cninfo.com.cn）投票的时间 为2025年3月3日9:15－15:00期间的任意时间。 2、现场会议召开地点：北京市东城区东直门南大街甲3号居然大厦21层公 司会议室 3、召开方式：采取现场投票与网络投票相结合的方式 1、本次股东大会无增加临时提案的情况； 2、本次股东大会无否决提案或变更以往股东大会已通过决议的情况。 一、会议召开和出席情况 （一）会议召开情况 1、召开时间： 1、股东出席的总体情况： 通过现场和网络投票的股东2,123人，代表股份4,836,871, ...