Group 1 - The renovation and building materials sector experienced a slight decline, closing at 16,145.05 points with a drop of 0.22% [1] - Yong'an Forestry led the decline in the sector, closing at 8.99 CNY per share with a decrease of 10.01% [1] - Huaci Co. and *ST Yazhen followed, closing at 16.73 CNY per share with a drop of 7.98% and 43.23 CNY per share with a drop of 4.99% respectively [1] Group 2 - Meike Home led the gains in the sector, closing at 2.65 CNY per share with an increase of 9.96% [1] - Leizhi Group and *ST Nachuan also saw gains, closing at 6.85 CNY per share with an increase of 9.95% and 2.64 CNY per share with an increase of 6.02% respectively [1] Group 3 - According to a report by EIU Think Tank, the robust development of technology markets supports the stable growth of China's whole-home smart industry [1] - The smart home market in China is projected to exceed 1 trillion CNY by 2025, driven by the increasing maturity of technology and the expansion of product supply [1] - Major players in the internet, home appliances, and traditional hardware sectors are actively entering the smart home market, leading to a diversified development of the industry [1]

Core Points - Hunan Hualian Ceramics Co., Ltd. experienced a significant stock price fluctuation, with a cumulative decline of over 20% in closing prices over two consecutive trading days (November 24 and November 25, 2025) [1] - The company confirmed that there are no corrections or supplements needed for previously disclosed information, and no undisclosed significant information has been found that could impact stock trading prices [1]

证券代码：001216 证券简称：华瓷股份 公告编号：2025-094 湖南华联瓷业股份有限公司 关于股票交易异常波动的公告 本公司及董事会全体人员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 一、股票交易异常波动的情况介绍 湖南华联瓷业股份有限公司（以下简称"公司"）股票（证券简称：华瓷股份， 证券代码：001216）交易价格连续两个交易日（2025 年 11 月 24 日、2025 年 11 月 25 日）收盘价格跌幅偏离值累计达到 20%以上，根据深圳证券交易所《股票 交易规则》的有关规定，属于股票交易异常波动的情形。 二、公司关注及核实情况说明 针对股价异常波动，公司进行了自查，并就有关事项向公司控股股东及实际 控制人进行核实，现将有关核实情况说明如下： 1、公司前期所披露的信息不存在需要更正、补充之处； 2、公司未发现近期公共传媒报道了可能或已经对公司股票交易价格产生较 大影响的未公开重大信息； 3、公司已披露的经营情况及内外部经营环境未发生重大变化； 4、公司控股股东、实际控制人、公司董事和高级管理人员在本公司股票交 易异常波动期间均不存在买卖本公司股票的行为； 6 ...

华瓷股份公告称，公司股票交易价格连续两个交易日（2025年11月24日、2025年11月25日）收盘价格跌 幅偏离值累计达20%以上，属异常波动情形。公司自查并向控股股东及实控人核实，前期披露信息无更 正补充，未发现公共传媒报道重大未公开信息，经营情况及环境无重大变化，相关人员在异常波动期间 无买卖公司股票行为，不存在应披露未披露重大事项及违反公平披露规定情形。公司提醒投资者注意风 险。 ...

Core Viewpoint - Hunan Hualian Ceramics Co., Ltd. (referred to as "Huaci Co.") has responded to the Shenzhen Stock Exchange's inquiries regarding the sustainability of its overseas revenue, customer concentration, inventory management, and the feasibility of its investment project in Vietnam, confirming the viability of these aspects [1] Group 1: Overseas Revenue - The proportion of overseas sales revenue for Huaci Co. was 67.20%, 62.84%, 71.06%, and 65.27% during the reporting periods, with major clients including IKEA, Guizhou Moutai, and Wuliangye [2] - The top five overseas clients contributed 76.47% of the overseas revenue for the period from January to September 2025, with the largest client accounting for 65.27% [2] - The company maintains long-term cooperation agreements with major clients, with most partnerships exceeding 10 years, mitigating significant dependency risks [2] Group 2: Authenticity of Overseas Revenue - The report indicates a strong correlation between customs data and overseas sales revenue, with a discrepancy rate of less than 0.4% from 2022 to 2024 [3] - The VAT refund rates for the years 2022 to 2024 were 14.04%, 12.82%, and 12.20%, aligning closely with the standard refund rate of 13% [3] - The impact of exchange rate fluctuations on operating performance was minimal, with the highest exchange gain or loss accounting for only 0.57% of overseas revenue [3] Group 3: Inventory Management - As of September 2025, the book value of inventory was 182.49 million yuan, representing 13.37% of current assets, with 81.07% of inventory aged less than one year [4] - The inventory turnover ratio for Huaci Co. was consistently higher than that of comparable companies, reaching 4.72 times in 2024 [4] - The provision for inventory depreciation was in line with industry peers, with rates of 10.44%, 11.21%, 9.84%, and 9.59% from 2022 to September 2025, lower than the average of comparable companies [4] Group 4: Vietnam Investment Project - Huaci Co. plans to invest 1.438 billion yuan in establishing a daily-use ceramics production base in Vietnam, aiming for an annual production capacity of 165 million pieces [5] - The project is expected to generate annual sales revenue of 1.405 billion yuan and a net profit of 272 million yuan, with an internal rate of return of 14.25% [5] - The project has completed necessary approvals and has established cooperation intentions with local suppliers, with existing clients showing interest in purchasing approximately 60% of the new capacity [5]

Core Points - 华瓷股份 experienced a significant drop, hitting the daily limit down with a trading volume of 10.86 billion yuan and a turnover rate of 20.55% [2] - The stock's daily fluctuation reached 22.03%, with a daily decline deviation of -10.87%, leading to its listing on the stock exchange's watchlist [2] - Institutional investors net sold 27.73 million yuan, while total net selling from brokerage seats amounted to 80.74 million yuan [2] Trading Activity - The top five brokerage seats accounted for a total transaction volume of 319 million yuan, with buying amounting to 10.5 million yuan and selling at 21.4 million yuan, resulting in a net sell of 10.8 million yuan [2] - Among the brokerage seats, one institutional seat was noted, with a buying amount of 1.1 million yuan and selling amount of 28.83 million yuan, leading to a net sell of 27.73 million yuan [2] Recent Performance - Over the past six months, 华瓷股份 has appeared on the watchlist nine times, with an average price drop of 0.52% the day after being listed and an average decline of 5.62% in the following five days [3] - On the day of the report, the stock saw a net inflow of 2.22 million yuan from major funds, with large orders experiencing a net outflow of 3.67 million yuan and significant orders showing a net inflow of 5.89 million yuan [3]

二〇二五年十一月 湖南华联瓷业股份有限公司 及 中原证券股份有限公司 关于湖南华联瓷业股份有限公司 申请向特定对象发行股票 的审核问询函之回复报告 保荐人（主承销商） （地址：郑州市郑东新区商务外环路10号中原广发金融大厦） 深圳证券交易所： 根据贵所《关于湖南华联瓷业股份有限公司申请向特定对象发行股票的审核 问询函》（审核函〔2025〕120031 号，以下简称"《审核问询函》"）的要求，湖 南华联瓷业股份有限公司（以下简称"华瓷股份""发行人""公司"）会同中原 证券股份有限公司（以下简称"中原证券""保荐人"）、湖南启元律师事务所（以 下简称"启元律师""发行人律师"）、天健会计师事务所（特殊普通合伙）（以下 简称"天健会计师""发行人会计师"）对《审核问询函》的问题进行了逐项核查 并回复，请予审核。 如无特别说明，本回复报告中的简称或名词释义与《湖南华联瓷业股份有限 公司 2025 年度向特定对象发行 A 股股票募集说明书（修订稿）》（以下简称"募 集说明书"）一致。 本问询函回复中的字体： | 审核问询函所列问题 | 黑体（不加粗） | | --- | --- | | 审核问询函所列问题的回复 | ...

鉴于公司2025年三季度报告已公开披露，根据深交所进一步审核意见，公司 会同相关中介机构对问询函回复、募集说明书等申请文件的部分内容进行了补充 和修订。具体内容详见公司同日在巨潮资讯网（www.cninfo.com.cn）披露的相关 文件。 关于向特定对象发行股票 的募集说明书等申请文件更新的提示性公告 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。 湖南华联瓷业股份有限公司（以下简称"公司"）分别于2025年8月29日、10月 30日收到深圳证券交易所下发的《关于湖南华联瓷业股份有限公司申请向特定对 象发行股票的审核问询函》（审核函〔2025〕120031号）及第二轮审核问询函（ 审核函〔2025〕120045号），公司会同相关中介机构对两封问询函所列问题均进 行了逐项研究、落实与回复，并更新了募集说明书等申请文件；后根据深交所进 一步审核意见，公司及相关中介机构对问询函回复、募集说明书等申请文件部分 内容进行了补充修订。具体内容详见公司分别于2025年9月19日、10月18日、11月 5日在巨潮资讯网（www.cninfo.com.cn）披露的相关公告和文 ...

第二轮审核问询函之回复报告 保荐人（主承销商） （地址：郑州市郑东新区商务外环路10号中原广发金融大厦） 二〇二五年十一月 湖南华联瓷业股份有限公司 及 中原证券股份有限公司 关于湖南华联瓷业股份有限公司 申请向特定对象发行股票 深圳证券交易所： 根据贵所《关于湖南华联瓷业股份有限公司申请向特定对象发行股票的第二 轮审核问询函》（审核函〔2025〕120045 号，以下简称"《第二轮审核问询函》"） 的要求，湖南华联瓷业股份有限公司（以下简称"华瓷股份""发行人""公司"） 会同中原证券股份有限公司（以下简称"中原证券""保荐人"）、湖南启元律师 事务所（以下简称"启元律师""发行人律师"）对《第二轮审核问询函》的问题 进行了逐项核查并回复，请予审核。 如无特别说明，本回复报告中的简称或名词释义与《湖南华联瓷业股份有限 公司 2025 年度向特定对象发行 A 股股票募集说明书（修订稿）》（以下简称"募 集说明书"）一致。 本问询函回复中的字体： | 审核问询函所列问题 | 黑体（不加粗） | | --- | --- | | 审核问询函所列问题的回复 | 宋体 | | 涉及募集说明书等申请文件的 | 楷体（加粗 ...

证券代码：001216.SZ 证券简称：华瓷股份 湖南华联瓷业股份有限公司 （住所：湖南省醴陵经济开发区瓷谷大道） 2025 年度向特定对象发行 A 股股票 募集说明书 （2025 年三季报财务数据更新稿） 保荐机构（主承销商） （郑州市郑东新区商务外环路 10 号中原广发金融大厦） 二〇二五年十一月 发行人声明 公司及全体董事、审计委员会成员、高级管理人员保证本募集说明书不存在 虚假记载、误导性陈述或重大遗漏，按照诚信原则履行承诺，并承担相应的法律 责任。 公司负责人、主管会计工作负责人及会计机构负责人保证募集说明书中财务 会计资料真实、完整。 本募集说明书按照《上市公司证券发行注册管理办法》《公开发行证券的公 司信息披露内容与格式准则第 61 号—上市公司向特定对象发行证券募集说明书 和发行情况报告书》等要求编制。 本次向特定对象发行 A 股股票并上市完成后，公司经营与收益的变化由公 司自行负责；因本次向特定对象发行股票并上市引致的投资风险，由投资者自行 负责。 本募集说明书是公司董事会对本次向特定对象发行 A 股股票并上市的说明， 任何与之不一致的声明均属不实陈述。投资者如有任何疑问，应咨询自己的股票 ...