Group 1 - The registered capital of Beijing Juran Home Smart Technology Co., Ltd. has increased from 200 million to 500 million yuan [2] - The company was established in March 2016 and its business scope includes electronic product sales, enterprise management, and domestic cargo transportation agency [2] - Beijing Juran Home Smart Technology Co., Ltd. is wholly owned by Juran Home (000785) under Beijing Juran Home Furnishing Chain Co., Ltd. [2]

Core Viewpoint - The transition of Juran Home from a "fixed rent" model to a "sales commission" model has sparked widespread discussion in the industry, with initial results showing high tenant recruitment rates and positive merchant feedback, raising questions about the potential for this model to revitalize the home furnishing market [1][2][5] Group 1: Transition to Sales Commission Model - Juran Home's chairman announced the shift to a "sales commission" model, aiming to complete the transition for 80% of its direct stores within three years [1][5] - The pilot implementation at Juran Home's Harbin store increased tenant recruitment from approximately 40% to 100%, while the new intelligent home experience center in Neijiang achieved a recruitment rate of 98% with sales exceeding 20 million yuan in just half a month [2][5] - The rental management income of Juran Home has been declining as a percentage of total revenue, dropping from 82.3% in 2019 to 55.75% in 2022, indicating a shift in the business model is necessary [5][6] Group 2: Industry Context and Challenges - The home furnishing market has seen a decline in foot traffic and tenant retention, leading to demands for reduced rent from merchants in various regions [9][10] - The traditional rental model, which relies heavily on fixed rents, is being challenged as merchants seek more flexible arrangements that align with their sales performance [10][12] - Juran Home's approach to eliminate fixed rent in favor of sales commissions is seen as a radical departure from industry norms, which typically combine fixed rents with sales-based incentives [6][10] Group 3: Potential Implications and Future Directions - The "sales commission" model may not be a universal solution, as previous attempts at "zero rent" models have not gained significant traction or proven effective [12][13] - Juran Home's strategy aims to reduce the financial burden on merchants, fostering a collaborative environment that could enhance marketing and supply chain partnerships [13][21] - The shift towards a sales commission model is expected to stimulate competition among home furnishing retailers, potentially leading to broader industry changes and innovations [21][23]

证券代码：000785 证券简称：居然智家 公告编号：临 2025-084 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 武汉中商集团有限公司（以下简称"中商集团"）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，武汉中江房地产开 发有限公司（以下简称"中江公司"）为中商集团全资子公司。因业务发展需要， 中商集团拟向中国民生银行股份有限公司武汉分行（以下简称"民生银行武汉分 行"）申请 19,000 万元授信（以下简称"本次授信"、"主债权"），授信期 限 12 个月。中江公司拟以其持有的位于湖北省武汉市武昌区中南路 7-9 号 1-9 层的房产、武昌区中南路 7-9 号写字楼 25-43 层共计 159 套的房产为本次授信提 供抵押担保，并签订《最高额抵押合同》。 本次抵押担保事项无需提交本公司董事会和股东会审议。 二、被担保人基本情况 1、被担保人名称：武汉中商集团有限公司 2、成立日期：1995 年 6 月 28 日 3、注册地址：武汉市武昌区中南 ...

查公司 查老板 查大系 查风险 都 在 用 的 商 业 查 询 工 具 国家中小企业发展了基金旗下机构 x 北京居然之家智能科技有限公司 天眼一下 ▲ 北京居然之家智能科技有... 办不美誉 股权结构全景 股权穿透图 企业关系 实际控制人 企业受益股东 4 居然智家新零售集团股份有 龄7宫 100% 日 北京居然之家家居连锁有限 √宫 融资轮次：并购融资 100% 北京居然之家智能科技有限公司 | | 都在用的商业查询工具 | 夏公司 童老板 童关系 | 查风险 | | | | | --- | --- | --- | --- | --- | --- | --- | | | 家中小企业发展子其全旗下机构 | 北京居然之家智能科技有限公司 | | × 天眼一下 | 脂 应用 ▼ | 商务合作 | | 基本信息 179 | 法律诉讼 2 | 经营风险 11 | 经营信息 148 | | 公司发展 31 | 知识 | | 变更记录 30 ○ ● | | | | | | 变更项目 · | | 变更日期 序号 | 变更项目 | | 变更前 | | | | | 1 2025-12-24 | 注册资本变更(注册资 金、资金数 ...

Core Viewpoint - The stock price of Juran Smart Home has experienced fluctuations, with a year-to-date decline of 12.89%, but a slight recovery in recent trading days. The company is involved in various business segments, including retail and smart home solutions, and has reported a decrease in revenue and net profit for the year. Group 1: Stock Performance - As of December 25, Juran Smart Home's stock rose by 2.64%, trading at 3.11 yuan per share, with a total market capitalization of 19.366 billion yuan [1] - Year-to-date, the stock has decreased by 12.89%, with a 0.65% increase over the last 5 trading days, 2.30% over the last 20 days, and 4.36% over the last 60 days [2] Group 2: Trading Activity - The net inflow of main funds was 3.1426 million yuan, with large orders accounting for 28.82% of total buying and 23.89% of total selling [1] - Juran Smart Home has appeared on the trading leaderboard five times this year, with the most recent instance on February 17, where the net buying was -160 million yuan [2] Group 3: Financial Performance - For the period from January to September 2025, Juran Smart Home reported operating 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% year-on-year [3] - Cumulative cash dividends since the company's A-share listing amount to 3.617 billion yuan, with 1.643 billion yuan distributed in the last three years [4] Group 4: Shareholder Information - As of December 20, the number of shareholders for Juran Smart Home was 97,800, a decrease of 5.01% from the previous period, while the average number of circulating shares per person increased by 5.28% to 60,276 shares [3] - As of September 30, 2025, Hong Kong Central Clearing Limited has exited the list of the top ten circulating shareholders [4]

根据居然之家12月23日晚公告，公司于2025年12月22日召开第十二届董事会第一次会议，完成了新一届董事会及高级管理团队的换届选举与聘任。 董事会选举王宁担任公司第十二届董事会董事长，兼任公司首席执行官（CEO），任期三年。 其他核心高管包括副总裁李杰、王鹏、何勇、方予之；副总裁兼财务总监朱蝉飞，董事会秘书兼投资及资本总监王建亮，风险及合规总监李晓，工程总监孙 勇争，人力行政总监王丁，内部审计机构负责人李晓，证券事务代表刘蓉、郝媛媛。 同时，董事会下设审计委员会、提名和薪酬考核委员会、战略和投资委员会、预算委员会四个专门委员会，其中审计委员会与提名和薪酬考核委员会由独立 董事主导，符合上市公司治理规范。组成情况如下： 审计委员会：王跃堂先生（主任委员）、杨芳女士、王一婷女士、董皞先生、许兰亭先生 提名和薪酬考核委员会：赵英明先生（主任委员）、王宁先生、张万新先生、许兰亭先生、王永先生 战略和投资委员会：王宁先生（主任委员）、李杰先生、邱鹏先生、霍焱先生、董皞先生 预算委员会：王宁先生（主任委员）、徐重先生、黄文阁先生、黄新华女士 公告显示，原财务总监杨帆因任期届满不再担任该职务，仍在子公司任职。公司对其在任 ...

（文章来源：证券日报） 证券日报网讯 12月23日，居然智家发布公告称，公司第十二届董事会第一次会议审议通过《关于选举 公司第十二届董事会董事长的议案》等多项议案。 ...

居然智家新零售集团股份有限公司 关于选举董事长、聘任高级管理人员的公告 证券代码：000785 证券简称：居然智家 公告编号：临 2025-083 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（以下简称"公司"）于 2025 年 12 月 22 日召开第十二届董事会第一次会议，选举产生公司第十二届董事会董事长、 董事会各专门委员会委员及主任委员，聘任高级管理人员、内部审计机构负责人、 证券事务代表。现将相关情况公告如下： 一、选举公司第十二届董事会董事长及各专门委员会委员情况 1、公司董事会同意选举王宁先生为第十二届董事会董事长，任期三年，自 第十二届董事会第一次会议审议通过之日起至第十二届董事会任期届满之日止。 2、公司第十二届董事会设立审计委员会、提名和薪酬考核委员会、战略和 投资委员会、预算委员会，各专门委员会任期与公司第十二届董事会任期一致， 自第十二届董事会第一次会议审议通过之日起至第十二届董事会任期届满之日 止，各专门委员会组成情况如下： 审计委员会：王跃堂先生（主任委员）、杨芳女士、王一婷女士、董皞先生、 许兰亭 ...

证券代码：000785 证券简称：居然智家 公告编号：临 2025-082 居然智家新零售集团股份有限公司 第十二届董事会第一次会议决议公告 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"）第十二届董事会第 一次会议于 2025 年 12 月 22 日以现场及通讯形式召开，本次会议在公司同日召 开 2025 年第四次临时股东会选举产生第十二届董事会成员后，为更好地衔接新 一届董事会的工作,全体董事一致同意豁免本次会议通知时间要求，于同日以口 头方式通知。本次会议应出席会议董事 15 人，实际出席会议董事 15 人，会议由 公司董事王宁先生主持。本次会议的召开符合《中华人民共和国公司法》（以下 简称"《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《关于选举公司第十二届董事会董事长的议案》 公司董事会同意选举王宁先生担任公司第十二届董事会董事长，任期三年， 自本次董事会审议通过之日起至第十二届董事会任期届满 ...

Core Viewpoint - The company, Juran Smart Home, is facing financial challenges with a significant debt maturity of 2 billion yuan and ongoing negotiations for debt extension, while also having over 10 billion yuan in public debt maturing next year [1] Group 1: Company Announcement - Juran Smart Home held its 12th first temporary board meeting on December 22, 2025, to discuss the appointment of the head of the internal audit institution [1] - The company's revenue composition for the first half of 2025 is as follows: 56.34% from product sales, 40.34% from leasing and franchise management services, and 1.61% from renovation services [1] - As of the report, Juran Smart Home has a market capitalization of 19.1 billion yuan [1] Group 2: Industry Context - The real estate sector is experiencing significant stress, with a notable "top performer" facing a 2 billion yuan debt maturity and ongoing negotiations for debt extension [1] - The industry is expected to see over 10 billion yuan in public debt maturing next year, indicating potential liquidity challenges for companies within the sector [1]