Core Viewpoint - The renaming of home furnishing companies is often seen as a significant event impacting their future development and performance, with various companies changing their securities names for strategic reasons and experiencing different outcomes in their financial performance post-renaming [1]. Group 1: Reasons for Renaming - Companies often rename to align with upgraded business models and strategies, such as embracing smart home trends, as seen with Haier Smart Home and Juran Home [20]. - Transitioning from single-category products to comprehensive home customization solutions is a common reason for renaming, exemplified by companies like Golden Home and Zhihong Home [20]. - Changes in control or ownership can lead to renaming, as demonstrated by TCL Smart Home and Diou Water Huazhong, which both underwent changes in their major shareholders [20]. - Significant shifts in core business focus, such as the expansion into new business areas that surpass traditional ones, are also a reason for renaming, as noted with Keda Manufacturing and Luolai Life [20]. Group 2: Financial Performance Post-Renaming - Juran Home experienced a decline in profits six months after its renaming, with a revenue of 6.445 billion yuan, a year-on-year increase of 1.54%, but a net profit drop of 45.52% [4]. - Haier Smart Home has shown consistent growth in revenue and net profit for five consecutive years post-renaming, with a revenue of 156.494 billion yuan and a net profit of 12.033 billion yuan in the first half of 2025, marking increases of 10.2% and 15.6% respectively [6][8]. - Golden Home reported a revenue of 1.469 billion yuan in the first half of 2025, a decrease of 3.37%, and a profit of 61.24 million yuan, down 13.65% [10]. - TCL Smart Home, after its renaming, achieved a revenue of 9.476 billion yuan and a net profit of 638 million yuan in the first half of 2025, reflecting increases of 5.74% and 14.15% respectively [14]. - Keda Manufacturing saw its revenue grow from 7.298 billion yuan to 11.16 billion yuan from 2020 to 2022, with a net profit increase from 262 million yuan to 4.251 billion yuan, and reported a revenue of 8.188 billion yuan and a net profit of 745 million yuan in the first half of 2025, marking increases of 49.04% and 63.95% respectively [16][18].

Summary of Key Points Core Viewpoint The company,居然智家新零售集团股份有限公司, has announced the provision of guarantees for its subsidiaries in 2025, detailing the amounts and conditions of these guarantees. Group 1: Guarantee Overview - The total guarantee amount for the company and its subsidiaries in 2025 is approved to be no more than RMB 124 million, with a specific guarantee of up to RMB 70 million from the subsidiary,家居连锁, to居然智能 [2][3] - The company has held multiple board meetings to adjust and approve the guarantee methods and amounts for its subsidiaries [3] Group 2: Guarantee Progress -居然智能 plans to sign a loan agreement with交通银行 for RMB 14 million, with家居连锁 providing a joint liability guarantee for this loan [4][5] - The黄冈购物中心 will provide property as collateral for the loan, which includes 60 properties located in黄冈市 [4][5] Group 3: Basic Information of the Guaranteed Entity -居然智能 was established on March 22, 2016, with a registered capital of RMB 20 million and operates in various technology and sales sectors [6][7] - As of December 31, 2024,居然智能 had total assets of RMB 1.13 billion and a net profit of RMB 8.24 million for the year [8] Group 4: Guarantee Contract Details - The guarantee contract with交通银行 includes a maximum principal amount of RMB 14 million, covering all related debts and costs [10] - The collateral agreement involves黄冈购物中心 providing its properties as security for the loan, with similar coverage of all related debts and costs [12][23] Group 5: Cumulative Guarantee Amount - As of the latest report, the total guarantee amount provided by the company and its subsidiaries is RMB 471.74 million, which accounts for 23.34% of the company's latest audited net assets [14][27]

Core Viewpoint - Recently, significant personnel changes and business information adjustments occurred at Juran Smart Home New Retail Group Co., Ltd. The legal representative, chairman, and manager positions were changed from Wang Linpeng to Wang Ning, and the registered capital was reduced from approximately 6.287 billion RMB to about 6.227 billion RMB [1][5][6]. Group 1: Personnel Changes - Wang Ning has been elected as the new chairman of the board following the unfortunate passing of the former chairman and CEO, Wang Linpeng, on July 27 [5][6]. - The board of directors completed the power transition through an election process, indicating the continuity of internal governance mechanisms [6]. Group 2: Capital Structure Adjustments - The registered capital was reduced by approximately 600 million RMB, although the specific purposes and impacts of this reduction have not been publicly disclosed [6][7]. - Market analysts suggest that the personnel changes and capital structure adjustments may be synchronized to stabilize company operations in response to the change in actual control [6]. Group 3: Company Background - Juran Smart Home was established in April 1990, with business operations covering supermarket retail, decoration design, and property leasing among other areas [6][7]. - The company is jointly held by Wang Linpeng, Beijing Juran Home Investment Holding Group Co., Ltd., and Horgos Huixin Da Building Materials Co., Ltd. [6].

证券日报网讯9月10日晚间，居然智家（000785）发布公告称，截至目前，公司及控股子公司之间的担 保余额共计471，736.75万元，占公司最近一期经审计净资产的23.34%；公司及控股子公司对合并报表 范围外单位的担保余额为59.79万元，占公司最近一期经审计净资产的0.003%。 ...

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。 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，黄冈居然之 家购物中心有限公司（以下简称"黄冈购物中心"）为家居连锁全资孙公司。前 期因业务发展需要，家居连锁已向交通银行股份有限公司北京东三环支行（以下 简称"交通银行北京东三环支行"）申请 29,738 万元贷款（以下简称"本次借款"）， 并签署相应借款合同（以下简称"主合同"），贷款期限自首次放款日起计不超过 7 年。近期，黄冈购物中心拟以其持有的位于湖北省黄冈市黄州区胜利街 88 号 的黄冈垂直森林综合体 3、5、6、7 幢等 60 套房产为本次借款提供抵押担保。 一、担保情况概述 （一）子公司黄冈购物中心为子公司家居连锁提供担保的情况概述 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 证券代码：000785 证券简称：居然智家 公告编号：临 2025-057 家居连锁、黄冈购物中心已作出股东决议，同意本次抵押担保事项。本次抵 押担保事项无需提交本公司董事会和股东大 ...

证券代码：000785 证券简称：居然智家 公告编号：临 2025-056 居然智家新零售集团股份有限公司 关于公司及子公司 2025 年度担保的进展公告 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。 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"或"本公司"）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"）、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，黄冈居然之家购物中心 有限公司（以下简称"黄冈购物中心"）是商业物业全资子公司。公司于 2025 年 4 月 29 日、2025 年 5 月 23 日分别召开第十一届董事会第十八次会议、第十 届监事会第十七次会议、2024 年年度股东大会，审议通过了《关于公司及子公 司 2025 年度担保额度预计的议案》，同意公司及下属子公司 2025 年度提供担保 额度总计不超过人民币 124,000 万元，其中，家居连锁对居然智能提供担保的总 额度不超过 70,000 万元。 2025 年 8 月 ...

Core Viewpoint - The actual controller of Juran Smart Home has changed from Wang Linpeng to Yang Fang due to the inheritance and division of marital property following Wang's death, which is not expected to significantly impact the company's operations or financial status [1][2][3]. Group 1: Change in Control - The change in actual control is a result of the death of the former controller Wang Linpeng, with Yang Fang acquiring shares through inheritance [2]. - Yang Fang now directly holds 372 million shares, accounting for 5.97% of the total share capital, and controls a total of 2.736 billion shares, representing 43.93% of the total [3]. Group 2: Financial Performance - Juran Smart Home's net profit is projected to decline by 29%, 21%, and 41% from 2022 to 2024, with a further drop in the first half of 2025 [4]. - For the first half of 2025, the company reported revenue of 6.445 billion yuan, a year-on-year increase of 1.54%, but a net profit of 328 million yuan, down 45.52% year-on-year [4]. - The decline in net profit is attributed to economic fluctuations and increased competition in the home improvement market, leading to reduced rental and management income due to support measures for merchants [4][5]. Group 3: Revenue Sources - The main revenue source has shifted to product sales, which accounted for 56.34% of total revenue at 3.63 billion yuan, while traditional rental and management income fell to approximately 2.6 billion yuan, a decline of about 19.65% [4][5]. - The average gross margin for product sales is significantly lower at 6.16%, compared to 47.24% for rental and management income [5]. Group 4: Strategic Measures - The company plans to implement five strategies to improve net profit and cash flow, including enhancing sales, adjusting franchise models, optimizing store cooperation, refining management, and strengthening cash flow management [5].

Core Viewpoint - The actual controller of the company has changed from Mr. Wang Linpeng to Ms. Yang Fang due to inheritance and property division following Mr. Wang's passing, which will not adversely affect the company's operations or management stability [2][6][4]. Summary of Relevant Sections 1. Change of Actual Controller - The change in actual controller is a result of Mr. Wang Linpeng's death, with Ms. Yang Fang inheriting shares through property division [2][3]. - Prior to the change, Ms. Yang did not directly hold shares in the company but had indirect holdings through Beijing Hualian Zongyi Advertising Co., Ltd. [2][4]. 2. Shareholding Structure - Before the change, Mr. Wang directly held 372,049,824 shares, accounting for 5.97% of the total share capital, and controlled 94.02% of the shares in the holding company, which in turn held 26.47% of the company [3][4]. - After the change, Ms. Yang directly holds the same number of shares (372,049,824), and her total control over the company amounts to 2,735,620,872 shares, representing 43.93% of the total share capital [4][6]. 3. Impact on Company Operations - The change in actual controller is not expected to impact the company's operational stability, management, or independence [6][5]. - The transaction qualifies for exemption from mandatory tender offer requirements under relevant regulations due to inheritance circumstances [6][7]. 4. Disclosure Compliance - The company has fulfilled its information disclosure obligations as required by laws and regulations, with relevant documents published on the designated information platform [7][8].

图片来源：居然智家公告 9月9日晚，居然智家（000785.SZ，股价3.15元，市值185.8亿元）公告称，公司实际控制人由汪林朋变更为杨芳，公司控股股东未发生变化，仍为居然控 股。 根据公告，杨芳通过夫妻共同财产分割和遗产继承的方式依法取得汪林朋直接持有的居然智家股份，通过居然控股、慧鑫达建材间接控制的居然智家股份， 导致收购人直接及间接拥有的居然智家权益发生变动。 《每日经济新闻》记者注意到，杨芳此前并未实质性参与居然智家管理，但在北京居然传世文化艺术发展有限公司担任董事，该公司主营业务系"组织文化 艺术交流活动"。 与此同时，新任董事长王宁的最新一条朋友圈透露，目前居然智家正在筹备马来西亚吉隆坡店，同时（公司业务）也在孟加拉达卡中国城、越南河内、哈萨 克斯坦等地快速落地。 杨芳继承股权成为新实控人，收购免于要约 今年7月27日，居然智家原实际控制人汪林朋逝世，其直接持有上市公司3.72亿股股份，占上市公司总股本的5.97%。同时，汪林朋直接或者间接持有居然控 股94.02%股权，而居然控股直接持有居然智家16.48亿股股份，占公司总股本的26.47%；慧鑫达建材直接持有居然智家7.15亿股股份，占公司 ...

每经记者｜陈梦妤 每经编辑｜魏文艺 9月9日晚，居然智家（000785.SZ，股价3.15元，市值185.8亿元）公告称，公司实际控制人由汪林朋变更为杨芳，公司控股股东未发生变化，仍为居然控 股。 根据公告，杨芳通过夫妻共同财产分割和遗产继承的方式依法取得汪林朋直接持有的居然智家股份，通过居然控股、慧鑫达建材间接控制的居然智家股份， 导致收购人直接及间接拥有的居然智家权益发生变动。 据此，汪林朋生前合计控制居然智家27.36亿股股份，占公司总股本的43.93%。 根据北京市国信公证处出具的《公证书》，被继承人汪林朋直接持有居然智家3.72亿股股份、居然控股16.70%股权、中天基业100%股权、致达建材100%股 权等财产，前述财产的一半为被继承人汪林朋的遗产。鉴于被继承人汪林朋的其他法定继承人均表示自愿放弃被继承人汪林朋的前述遗产，因此，被继承人 汪林朋的前述遗产由其配偶杨芳继承。 图片来源：居然智家公告 《每日经济新闻》记者注意到，杨芳此前并未实质性参与居然智家管理，但在北京居然传世文化艺术发展有限公司担任董事，该公司主营业务系"组织文化 艺术交流活动"。 与此同时，新任董事长王宁的最新一条朋友圈透露，目 ...