12月9日，由中国建材市场协会指导、卫浴新闻主办的2025世界卫浴大会在佛山盛大启幕。被誉为行 业"奥斯卡"的2025年度"中国家居力量榜"现场揭晓，箭牌卫浴不仅夺得行业唯一"商用公共空间领先标 杆奖"，更将"年度影响力品牌"、"年度消费者喜爱品牌"、"年度技术领先企业"及"人气产品奖-洁净大师 P50智能座便器"悉数收入囊中，以五奖加身的亮眼成绩，彰显头部品牌的绝对领导力。 2025年度 影响力品牌 and and the lates of the lates ARROW 2025世界卫浴大会 2025年度 消费者喜爱品牌 ARROW 2025世界卫浴大会 2025年度 人气产品奖 ARROW 箭 牌 卫 浴 2025世界 P P P P A S A 特别值得一提的是，2025 年白云机场 T3 全面启用箭牌智慧卫浴系统，从如厕到盥洗全流程覆盖，以智 能、便利、舒适的体验，为千万旅客打造优质中转空间；厚塘庄园携手箭牌推进的"心远计划"第二期， 则将智感科技与自然场景融合，打造出能疗愈身心的卫浴环境。 በ - 1 - 0 & E e B ren 5,21 & the first and 5 and 2 == ...

2025年12月15日，在消费升级与产业转型交织的背景下，一场指向未来的深度战略对话在箭牌家居集团总部展 开。居然之家集团董事长兼CEO王宁率核心团队到访，与箭牌家居集团董事长、总经理谢岳荣及管理团队，就行 业趋势、渠道协同与价值共创展开深入交流，并正式签署2026年度战略合作协议。这标志着双方合作从传统的渠 道联动，迈向以用户为中心、以智慧场景为载体的生态融合新阶段，共同致力于为中国家庭提供更完整的卫浴生 活解决方案。 (双方高层签约合照) 以沉淀铸就信任，以协同应对变革 箭牌家居与居然之家的合作渊源深厚。多年来，双方不仅是渠道上的紧密伙伴，更在市场拓展、品牌共建、服务 升级等方面积累了深厚的协同基础。箭牌旗下ARROW箭牌卫浴、FAENZA法恩莎卫浴、ANNWA安华卫浴三大品 牌，已深度融入居然之家全国卖场网络，共同服务千万中国家庭。 (居然之家集团董事长兼CEO王宁与箭牌家居集团董事长、总经理谢岳荣及双方管理团队合照) 面对当前复杂多变的市场环境，箭牌家居坚信，越是充满挑战，越要回归本质——即产品品质、交付体验与用户 服务。箭牌持续深耕全卫定制细分领域，通过智能制造升级、产品设计创新与服务流程再造，构建 ...

随着2025年步入尾声，多家家居建材领域上市公司密集发布人事调整公告，涉及高级管理人员的聘任、董事会成 员的变动以及治理结构的优化。从传统制造业到智能家居领域，企业通过人事布局积极应对市场变化、完善内部 治理，为新一轮发展蓄力。 一、北新建材：聘任徐谦为副总经理 12月13日，北新建材（股票代码：000786.SZ）发布公告，宣布聘任徐谦为公司副总经理。徐谦生于1981年，拥有 管理学硕士学位及高级经济师职称。其职业履历显示，他自2022年1月至2025年12月担任北新建材纪委书记，此前 还曾担任中材科技股份有限公司纪委书记、中国建材股份有限公司党群工作部主任等职务。此次任命进一步充实 了公司管理层力量，体现其在党建与企业治理方面的双重经验受到重视。 二、图特股份：孙命阳出任总裁 12月11日，图特股份（股票代码：874697.NQ）发布公告，聘任孙命阳为公司总裁，全面负责公司日常经营管理工 作。公告称，此次任命是为了适应公司战略发展需要，提升经营管理的专业化水平。 孙命阳出生于1978年11月，拥有四川大学工商管理硕士学位。其职业生涯始于美的集团，在多个事业部从事营 销、服务及管理等工作超过十一年。此后，他 ...

Core Insights - The central economic work conference emphasizes stabilizing the real estate market and combating "involution" in competition, aiming to promote the construction of "good houses" and accelerate the establishment of a new model for real estate development [6][15] - The report suggests that the cement, glass, and certain consumer building materials industries may see continued optimization in supply-side dynamics, leading to increased concentration and improved profitability [6][15] Consumer Building Materials - The consumer building materials sector is experiencing a recovery in retail due to high demand for second-hand housing and supportive subsidy policies, with leading companies showing strong operational resilience [6][31] - Long-term demand stability and increasing industry concentration provide significant growth potential for quality leading companies in the consumer building materials sector [6][31] - Key companies to watch include Sanke Tree, Rabbit Baby, Hanhai Group, Dongfang Yuhong, China Liansu, Beixin Building Materials, Weixing New Materials, and others [6][31] Cement - National cement market prices increased by 0.05% week-on-week, with the average price at 355 RMB/ton as of December 12, 2025, reflecting a year-on-year decrease of 69.17% [6][31] - The report anticipates that cement prices will maintain a slight fluctuation in the future, with industry valuations at historical lows, highlighting companies like Huaxin Cement, Conch Cement, and others for potential investment [6][31] Glass - Float glass prices are showing mixed trends, while photovoltaic glass inventories continue to rise, with the average price of float glass at 1156 RMB/ton, down 1.0% month-on-month and 18.0% year-on-year [6][31] - The report indicates that leading glass companies have low valuations and suggests focusing on Qibin Group, Xinyi Solar, and others for investment opportunities [6][31] Fiberglass/Carbon-based Composites - The market for fiberglass is stable, with direct yarn prices holding steady, while electronic yarn prices have stabilized after previous increases [6][31] - The report identifies leading companies in the fiberglass sector, including China Jushi and others, as having a significant competitive edge [6][31] Market Data and Trends - The report notes that the consumer building materials sector has seen a year-on-year revenue decline of 4.2% in the first three quarters of 2025, with a notable improvement in revenue growth rates for leading companies [33][34] - The profitability of the consumer building materials sector is stabilizing, with net profit margins hovering at the bottom, indicating potential for recovery as market conditions improve [34][41]

Core Insights - The report emphasizes the importance of identifying investment opportunities in the building materials sector as it transitions from a period of intense competition to one focused on value extraction and growth [1]. Group 1: Investment Opportunities in the Building Materials Sector - Four key investment themes are highlighted: traditional building material leaders emerging from the bottom of the cycle, overseas capacity expansion, high-demand new materials, and policy support for industry consolidation [5]. - Traditional building material leaders are expected to recover first, with a focus on alpha opportunities as the sector stabilizes [14]. - The overseas expansion of building material capacity is driven by high demand in foreign markets, particularly in Africa, where Chinese companies are increasingly investing [20][22]. Group 2: Consumer Building Materials - The consumer building materials sector is stabilizing, with a narrowing decline in real estate indicators expected in 2026, leading to a potential rebound in demand [15]. - Strong alpha leaders in the sector are anticipated to achieve positive revenue growth first, with companies like Sanke Tree and Dongfang Yuhong highlighted as key players [15][16]. - Profit margins are expected to improve in 2026 due to price stabilization, structural optimization, and enhanced operational efficiency [15]. Group 3: Glass Fiber Industry - The glass fiber market is projected to maintain a tight supply-demand balance, with demand expected to grow by 5.8% in 2025 and 4.6% in 2026 [5][25]. - The report notes that the profitability of traditional glass fiber products is on an upward trajectory, with leading companies benefiting from differentiated product advantages [5][28]. Group 4: Cement Industry - The domestic cement market is facing a decline in demand, with expectations of a 7% drop in 2025 and a 6% drop in 2026, while overseas markets remain robust [5][31]. - The report suggests that supply-side policies will play a crucial role in stabilizing the market, with potential profitability improvements anticipated in 2026 [5][36]. Group 5: Glass Industry - The glass industry is expected to see supply optimization as a key theme in 2026, with a slight decline in demand for float glass anticipated [5][40]. - The photovoltaic glass segment is projected to experience a balanced supply-demand situation, with potential profitability improvements if production resumes [5][45].

证券简称： 箭牌家居 证券代码：001322 编号：2025-014 | 投资者关系活动类 | √ 特定对象调研 □ 分析师会议 | | | --- | --- | --- | | 别 | □ 媒体采访 □ 业绩说明会 | | | | □ 新闻发布会 □ 路演活动 | | | | □ 现场参观 | | | | □ 其他 （请文字说明其他活动内容） | | | 活动参与人员 | 国泰海通证券 刘佳昆 常绍轩 | 长城证券 | | | 华泰柏瑞基金 钱建江 | 沣谊投资 刘军 | | | 天弘基金 俞仁钦 长城基金 | 李澳 | | 时间 | 2025 年 12 月 12 日 | | | 地点 | 箭牌总部大厦 | | | 形式 | 现场会议 | | | 公司接待人员 | 副总经理、董事会秘书 杨伟华 | | | | 1、市场竞争情况以及公司 2026 年的竞争策略 | | | | 面对当前市场环境，公司将继续以零售渠道建设为核心，深 | | | | 耕零售渠道的精细化运营管理，以店效倍增项目为抓手，向经销 | | | | 商持续赋能，重点促进零售渠道的增长，同时将零售渠道的精细 | | | | 化管理模式逐步复 ...

Core Views - The building materials sector slightly underperformed the overall A-share market in 2025, with a return of 19.62% compared to a -4.85% excess return relative to the Wind All A Index [2][10] - The macro outlook suggests that total policies are expected to strengthen, with physical demand support likely to increase, as emphasized in the December Politburo meeting [2][15][20] - The glass fiber industry is anticipated to see a resonance between traditional and emerging fields, with demand growth expected to remain stable despite a potential slowdown [2][23][45] 2025 Market Review - The building materials sector's performance can be segmented into several phases, with notable periods of underperformance and outperformance against the A-share market [10][12] - The glass fiber sub-sector showed significant excess returns driven by high demand in wind power and thermoplastics [10][12] - The cement sub-sector experienced a boost due to improved domestic demand expectations and effective supply-side discipline [10][12] Macro Outlook - Fixed asset investment in China saw a year-on-year decline of 1.7% from January to October 2025, with infrastructure and real estate investments dropping by 0.1% and 14.7%, respectively [15][19] - The Politburo's focus on expanding domestic demand and optimizing supply is expected to lead to a moderate increase in total policies [15][20] - The anticipated fiscal spending for 2026 is projected to reach 41.62 trillion yuan, a 2.1% increase year-on-year, with a focus on effective investment [20][21] Glass Fiber Industry - The supply shock in the glass fiber industry is gradually being digested, with new capacity expected to be limited in the medium term [23][39] - The effective production capacity for glass fiber is projected to reach 759.2 million tons for roving and 107.7 million tons for electronic fabrics in 2026, representing year-on-year increases of 6.9% and 7.3%, respectively [23][40] - Demand for glass fiber is expected to remain stable, supported by wind power and thermoplastics, despite potential declines in growth rates [45][46] Cement Industry - The cement industry is expected to maintain self-discipline in supply, with a focus on eliminating outdated capacity, which will support profitability [3][20] - The exit of 10,952 million tons of outdated capacity is projected, which will enhance the utilization rate of clinker capacity [3][20] - The profitability of the cement sector is expected to improve in 2026, particularly in regions with significant infrastructure projects [3][20] Glass Industry - The glass industry is experiencing accelerated supply clearance, which is expected to provide price elasticity in 2026 [2][3] - The current state of losses in the industry is likely to drive the closure of high-cost production lines, leading to a potential rebound in prices in the first half of 2026 [2][3] - Long-term policies aimed at curbing disorderly competition are expected to stabilize industry profitability and enhance the competitive advantage of leading companies [2][3]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：001322 证券简称：箭牌家居 公告编号：2025-070 箭牌家居集团股份有限公司 关于召开2025年第二次临时股东会的通知 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。 箭牌家居集团股份有限公司（以下简称"公司"）董事会决定于2025年12月25日（星期四）召开公司2025 年第二次临时股东会（以下简称"本次股东会"），本次股东会采用现场投票与网络投票表决相结合的方 式，现将有关事项通知如下： 一、召开会议的基本情况 1、股东会届次：2025年第二次临时股东会 2、股东会的召集人：董事会。公司于2025年12月9日召开的第二届董事会第二十二次会议审议通过了 《关于召开公司2025年第二次临时股东会的议案》。 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》的有关规定。 4、会议时间： （1）现场会议开始时间：2025年12月25日（星期四 ...

每经头条（nbdtoutiao）——处方药变"瘾品"：国内首次报告普瑞巴林滥用致成瘾病例，网络平台暴 露"无病历可购药"漏洞，列管与否尚需科学考量 （记者 曾健辉） 2025年1至6月份，箭牌家居的营业收入构成为：制造业占比98.68%，其他业务占比1.32%。 截至发稿，箭牌家居市值为80亿元。 每经AI快讯，箭牌家居（SZ 001322，收盘价：8.3元）12月9日晚间发布公告称，公司第二届第二十二 次董事会会议于2025年12月9日在佛山市顺德区箭牌总部大厦23楼会议室召开。会议审议了《关于制定 <董事 高级管理人员薪酬管理制度="高级管理人员薪酬管理制度"> 的议案》等文件。 ...

箭牌家居集团股份有限公司 承诺人：杨玉成 2025 年 12 月 9 日 独立董事候选人关于参加独立董事培训并取得独立董事资格 证书的承诺书 本人 杨玉成 尚未取得独立董事资格证书，承诺参加最近一次独立董事培训 并取得深圳证券交易所认可的独立董事资格证书。上市公司箭牌家居集团股份有 限公司（股票简称：箭牌家居 股票代码：001322）将公告本人的上述承诺。 ...