Core Insights - The company is focused on creating a comprehensive digital infrastructure for the retail industry, aiming to enhance efficiency across the entire value chain [2] - The company has developed several applications, including Dongwo, Juran Design Home, and Juran Smart Home, each targeting different aspects of consumer and business needs [2] - Juran Design Home is a key product that collaborates with Alibaba, leveraging its cloud resources to enhance data processing and operational efficiency [2] Group 1: Application Overview - Dongwo provides full-scope solutions for B-end partners, including insights into product flow, customer profiles, and consumption trends [2] - Juran Smart Home offers interconnected smart living solutions that enhance user experiences across various devices [2] - Juran Design Home aggregates designer resources and offers a one-stop solution from creativity to material selection, supporting personalized 3D design generation for users [2] Group 2: Collaboration with Alibaba - Alibaba is a significant strategic shareholder and partner for Juran Design Home, facilitating technological integration [2] - The platform utilizes Alibaba Cloud resources to optimize data processing efficiency and enhance terminal operations [2] - Juran Design Home has integrated Alibaba's Tongyi Qianwen model, enabling natural language interaction and AI-assisted design, improving the efficiency of 3D home decoration solutions [2]

Core Viewpoint - The duty-free shop concept has seen a rise of 1.72%, ranking third among concept sectors, with significant gains from stocks like Dongbai Group and Guangbai Co., which hit the daily limit [1][2]. Market Performance - The duty-free shop sector had 20 stocks rising, with notable increases from Dongbai Group (7.26%), Bubugao (4.27%), and Zhuhai Duty-Free Group (3.39%) [1]. - Conversely, stocks like China Merchants Shekou, Caesar Travel, and Tibet Zhufeng experienced declines of 1.77%, 1.73%, and 1.31% respectively [1]. Capital Flow - The duty-free shop sector attracted a net inflow of 630 million yuan, with 15 stocks receiving net inflows, and 6 stocks exceeding 50 million yuan in net inflow [2]. - The leading stock in net inflow was Juran Zhijia, with a net inflow of 217 million yuan, followed by China Duty-Free Group (174 million yuan) and Dongbai Group (118 million yuan) [2]. Stock Performance Metrics - Juran Zhijia led with a 9.89% increase and a net inflow ratio of 37.14%, while Guangbai Co. rose by 9.95% with a net inflow ratio of 25.00% [3]. - Other notable performers included Dongbai Group (10.01% increase, 9.24% net inflow ratio) and Zhongbai Group (7.26% increase, 7.27% net inflow ratio) [3][4].

| 000058 | 深赛格 | 0.86 | 1.58 | 779.98 | | --- | --- | --- | --- | --- | | 300464 | 星徽股份 | 1.79 | 6.99 | 708.74 | | 002640 | 跨境通 | 0.65 | 3.75 | 682.07 | | 600790 | 轻纺城 | 1.07 | 1.12 | 664.52 | | 003010 | 若羽臣 | 0.36 | 1.81 | 468.1 1 | | 000007 | 全新好 | 2.22 | 2.94 | 466.34 | | 600824 | 益民集团 | 2.91 | 4.60 | 456.93 | | 603214 | 爱婴室 | -0.23 | 1.96 | 398.42 | | 601010 | 文峰股份 | 2.66 | 1.99 | 397.38 | | 600785 | 新华百货 | 1.38 | 2.83 | 392.48 | | 000417 | 合百集团 | 0.15 | 5.62 | 338.47 | | 600729 | 重庆百货 | 1.18 | 1.07 | 3 ...

Core Points - The Shanghai Composite Index closed at 3864.18 points, below the five-day moving average, with a decline of 0.15% [1] - The total trading volume of A-shares reached 1,797.19 billion yuan [1] - A total of 693 A-shares broke through the five-day moving average today, with notable stocks showing significant deviation rates [1] Summary by Category Stock Performance - Mingwei Electronics (688699) saw a price increase of 20.01% with a deviation rate of 15.61% [1] - Dongxin Co., Ltd. (688110) also increased by 20.00%, with a deviation rate of 14.05% [1] - Ningbo Color Masterbatch (301019) rose by 20.00%, showing a deviation rate of 12.63% [1] Trading Activity - The trading turnover rate for Mingwei Electronics was 6.94% [1] - Dongxin Co., Ltd. had a turnover rate of 11.72% [1] - Ningbo Color Masterbatch recorded a turnover rate of 16.34% [1] Deviation Rate Rankings - Other notable stocks with high deviation rates include: - Huanle Home (300997) with a deviation rate of 12.38% [1] - Zhu Laoliu (920726) at 10.64% [1] - Haitong Development (603162) at 8.63% [1]

Core Points - The Shanghai Composite Index is at 3869.21 points, slightly above the five-day moving average, with a change of -0.02% [1] - The total trading volume of A-shares today is 146.13 billion yuan [1] - A total of 832 A-shares have surpassed the five-day moving average, with notable stocks showing significant deviation rates [1] Summary by Category Stock Performance - Mingwei Electronics (688699) has the highest deviation rate at 15.61%, with a daily increase of 20.01% and a turnover rate of 6.03% [1] - Haitong Development (603162) and Qingshan Paper (600103) follow with deviation rates of 8.63% and 8.56%, respectively, both showing daily increases of over 9% [1] - Other notable stocks with significant daily increases include Xueqi Electric (001387) at 10.04% and Huashu Holdings (000509) at 10.11% [1] Deviation Rate Rankings - The top stocks with the highest deviation rates from the five-day moving average include: - Mingwei Electronics: 15.61% - Haitong Development: 8.63% - Qingshan Paper: 8.56% [1] - Additional stocks with notable performance include: - Xueqi Electric: 8.20% - Huashu Holdings: 8.16% [1]

Group 1 - The core point of the news is that Juran Smart Home's stock price increased by 5.65% to 2.99 CNY per share, with a trading volume of 155 million CNY and a turnover rate of 0.91%, resulting in a total market capitalization of 18.619 billion CNY [1] - Juran Smart Home was established on April 25, 1990, and listed on July 11, 1997. The company operates in various sectors including chain home furnishing stores, shopping centers, digital and intelligent businesses, smart logistics, and smart home decoration [1] - The revenue composition of Juran Smart Home includes 56.34% from product sales, 36.97% from leasing and management, 3.37% from franchise management, 1.71% from other sources, and 1.61% from decoration services [1] Group 2 - According to data from the top ten holdings of funds, one fund under GF Fund has a significant position in Juran Smart Home. The GF Innovation-Driven Mixed Fund (004119) held 368,000 shares, accounting for 0.65% of the fund's net value, ranking as the tenth largest holding [2] - The GF Innovation-Driven Mixed Fund (004119) was established on June 9, 2017, with a current scale of 163 million CNY. The fund has achieved a return of 14.8% this year, ranking 4651 out of 8134 in its category, and an 18.9% return over the past year, ranking 4184 out of 8056 [2] - The fund manager of GF Innovation-Driven Mixed Fund (004119) is Yang Dingguang, who has been in the position for 5 years and 107 days. The fund's total asset size is 163 million CNY, with the best return during his tenure being 13.81% and the worst being -18.69% [3]

Core Viewpoint - The stock of Juran Smart Home has experienced fluctuations, with a year-to-date decline of 19.05%, while recent trading activity shows mixed results in terms of net inflow and outflow of funds [1][2]. Group 1: Stock Performance - As of November 26, Juran Smart Home's stock price increased by 2.12% to 2.89 CNY per share, with a total market capitalization of 17.996 billion CNY [1]. - The stock has seen a net inflow of 5.975 million CNY from main funds, with significant buying and selling activity recorded [1]. - Year-to-date, the stock has dropped 19.05%, with a slight increase of 0.70% over the past 20 days [1]. Group 2: Company Overview - Juran Smart Home, established on April 25, 1990, and listed on July 11, 1997, operates in various sectors including chain home furnishing, shopping centers, digital and smart services, and intelligent home decoration [2]. - The company's revenue composition includes 56.34% from product sales, 36.97% from leasing and management, and smaller contributions from franchise management and other services [2]. - As of November 20, the number of shareholders decreased to 98,800, while the average circulating shares per person increased by 3.49% [2]. Group 3: Financial Performance - For the period from January to September 2025, Juran Smart Home reported a revenue of 9.159 billion CNY, a year-on-year decrease of 3.38%, and a net profit of 398 million CNY, down 45.58% compared to the previous year [2]. - The company has distributed a total of 3.617 billion CNY in dividends since its A-share listing, with 1.643 billion CNY distributed over the last three years [3]. - As of September 30, 2025, Hong Kong Central Clearing Limited has exited the list of the top ten circulating shareholders [3].

证券代码：000785 证券简称：居然智家 公告编号：临 2025-072 居然智家新零售集团股份有限公司 关于召开 2025 年第三次临时股东大会的提示性公告 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（以下简称"公司"或"本公司"）于 2025 年 11 月 13 日在信息披露网站巨潮资讯网（www.cninfo.com.cn）、《证券时报》、 《中国证券报》和《上海证券报》上刊登了《居然智家新零售集团股份有限公司 关于召开 2025 年第三次临时股东大会的通知》，公司拟于 2025 年 11 月 28 日以 现场投票与网络投票相结合的表决方式召开公司 2025 年第三次临时股东大会。 现将会议有关事项提示如下： 一、召开会议的基本情况 1、股东大会届次：2025 年第三次临时股东大会 2、股东大会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易所 股票上市规则》《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公 司规范运作》等法律、行政法规、部门规章、规范性文件及《公司章程 ...

Core Viewpoint - The company, Juran Smart Home, announced that as of now, the total guarantee balance between the company and its subsidiaries amounts to 513,004.99 million yuan, which represents 25.38% of the company's most recent audited net assets [2] Summary by Category - **Guarantee Balances** - The total guarantee balance between the company and its subsidiaries is 513,004.99 million yuan [2] - This guarantee balance constitutes 25.38% of the company's most recent audited net assets [2] - The guarantee balance for entities outside the consolidated financial statements is 0 yuan, accounting for 0.00% of the company's most recent audited net assets [2]

证券代码：000785 证券简称：居然智家 公告编号：临 2025-071 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"、"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"）和北京居然之家商业物业有限 公司均为家居连锁全资子公司（以下简称"商业物业"）。 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 14 日、2025 年 9 月 1 日，公司分别召开第十一届董事会第十九 次 ...