证券代码：001322 证券简称：箭牌家居 公告编号：2025-005 箭牌家居集团股份有限公司 关于以集中竞价交易方式回购公司股份的回购报告书 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。 重要内容提示： 1、本次回购方案已经箭牌家居集团股份有限公司（以下简称"公司"）于 2025 年 1 月 6 日召开的第二届董事会第十五次会议和第二届监事会第十四次会 议审议通过。根据《公司章程》规定，本次回购股份事项属于公司董事会权限， 无需提交公司股东大会审议。 2、本次拟使用自有资金及回购专项贷款以集中竞价交易方式回购公司发行 的人民币普通股（A 股）的部分社会公众股份，本次回购股份的资金总额不低于 人民币 5,000 万元（含）且不超过人民币 10,000 万元（含），回购价格不超过人 民币 12.62 元/股（含）；按照回购价格上限人民币 12.62 元/股测算，当回购金额 为上限人民币 10,000 万元时，预计回购股份数量约为 7,923,930 股，约占公司目 前总股本的 0.8181%；当回购金额为下限人民币 5,000 万元时，回购股份数量约 为 3 ...

箭牌家居集团股份有限公司 关于以集中竞价交易方式回购公司股份方案暨取得回购专项 贷款承诺函的公告 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。 重要内容提示： 箭牌家居集团股份有限公司（以下简称"公司"）拟使用自有资金及回购专 项贷款以集中竞价交易方式回购公司部分社会公众股份，本次回购股份将用于实 施股权激励计划或员工持股计划。 1、回购资金总额：回购的资金总额不低于人民币 5,000 万元（含），不超 过人民币 10,000 万元（含），具体回购金额以回购实施完成时实际回购的金额 为准。 2、回购资金来源：自有资金及回购专项贷款。 证券代码：001322 证券简称：箭牌家居 公告编号：2025-002 3、回购价格：不超过人民币 12.62 元/股（含本数，不超过董事会审议通过 本次回购股份决议前 30 个交易日公司股票交易均价的 150%）。如公司在回购股 份期间发生资本公积转增股本、派发股票或现金红利、股票拆细、缩股、配股及 其他除权除息事项的，自公司股票价格除权除息之日起，公司将根据中国证监会 和深圳证券交易所的相关规定调整回购价格上限。 4、回购数 ...

证券代码：001322 证券简称：箭牌家居 公告编号：2025-001 箭牌家居集团股份有限公司 第二届董事会第十五次会议决议公告 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 1 2、回购股份符合相关条件 本次公司回购股份符合《上市公司股份回购规则》（中国证券监督管理委员 会公告〔2023〕63 号）第八条、《深圳证券交易所上市公司自律监管指引第 9 号 ——回购股份》第十条的相关规定，符合《关于设立股票回购增持再贷款有关事 宜的通知》中上市公司回购股票的基本条件，且不是已被实施退市风险警示的公 司： （1）公司股票上市已满六个月； （2）公司最近一年无重大违法行为； 箭牌家居集团股份有限公司（以下简称"箭牌家居"或"公司"）已于 2025 年 1 月 6 日以电子邮件及电话通知的方式向全体董事发出了《关于召开第二届董 事会第十五次会议的通知》。2025 年 1 月 6 日，公司第二届董事会第十五次会 议（以下简称"本次会议"）以通讯表决方式在佛山市顺德区箭牌总部大厦 23 楼 会议室召开。本次会议由董事长谢岳荣先生主持，应出席董事 ...

证券代码：001322 证券简称：箭牌家居 公告编号：2025-003 箭牌家居集团股份有限公司 第二届监事会第十四次会议决议公告 本公司及监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、监事会会议召开情况 本次公司回购股份符合《上市公司股份回购规则》（中国证券监督管理委员 会公告〔2023〕63 号）第八条、《深圳证券交易所上市公司自律监管指引第 9 号 ——回购股份》第十条的相关规定，符合《关于设立股票回购增持再贷款有关事 宜的通知》中上市公司回购股票的基本条件，且不是已被实施退市风险警示的公 司： 箭牌家居集团股份有限公司（以下简称"箭牌家居"或"公司"）已于 2025 年 1 月 6 日以电子邮件及电话通知的方式向全体监事发出了《关于召开第二届监 事会第十四次会议的通知》。2025 年 1 月 6 日，公司第二届监事会第十四次会 议（以下简称"本次会议"）以通讯表决方式在佛山市顺德区箭牌总部大厦 23 楼 会议室召开。本次会议应出席监事 3 名，实际出席监事 3 名，会议由监事会主席 霍志标先生主持，公司董事会秘书等列席了本次会议。本次会议的召集和召开符 ...

财联社1月6日电，箭牌家居公告，公司拟使用自有资金及回购专项贷款以集中竞价交易方式回购公司部 分社会公众股份，用于实施股权激励计划或员工持股计划。 回购资金总额不低于5000万元且不超过1亿元，回购价格不超过12.62元/股。 预计回购股份数量约为792.39万股或396.2万股，分别约占公司目前总股本的0.8181%或0.4090%。 公司已取得民生银行佛山分行出具的《股票回购专项贷款承诺函》，承诺将为公司提供最高不超过1亿 元且贷款比例不超过回购金额90%的贷款资金专项用于公司股票回购。 ...

证券代码：001322 证券简称：箭牌家居 公告编号：2024-060 箭牌家居集团股份有限公司 关于变更持续督导保荐代表人的公告 本次变更不影响中信证券对公司的持续督导工作，公司董事会对杨锐彬先生 在公司首次公开发行股票并上市及持续督导期间所做出的贡献表示衷心感谢！ 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"）于近日收到保荐人中信证券 股份有限公司（以下简称"中信证券"）出具的《关于更换保荐代表人的函》。公 司首次公开发行股票并上市项目正处于持续督导期间，持续督导期间为 2022 年 10 月 26 日至 2024 年 12 月 31 日，该项目持续督导的保荐代表人为中信证券的 杨锐彬先生、史松祥先生。 由于原保荐代表人杨锐彬先生因个人原因不再担任该项目的保荐代表人，为 保证持续督导工作的有序进行，中信证券现委派保荐代表人邱斯晨先生（简历见 附件）接替工作，担任公司的保荐代表人，继续履行持续督导职责。本次保荐代 表人变更后，公司首次公开发行股票并上市持续督导项目的保荐代表人为史松祥 先生和邱斯晨先生，持续督导期 ...

Investment Rating - The investment rating for the company is upgraded to "Accumulate" [1][7]. Core Views - The company is focusing on promoting its old-for-new business model through multiple dimensions, including product development, channel expansion, and service enhancement [6]. - The sales of light smart toilets have shown significant growth, while full smart toilets have performed relatively weakly due to cautious consumer spending [2][3]. - The company has adjusted its earnings forecast for 2024-2026, expecting EPS of 0.1 yuan, 0.1 yuan, and 0.2 yuan respectively, with corresponding P/E ratios of 73X, 60X, and 50X [4]. Financial Performance Summary - For the first three quarters of 2024, the company's gross margin was 26.42%, a decrease of 3 percentage points year-on-year, primarily due to a slowdown in consumer demand and declining product prices [1]. - The company's revenue for Q3 2024 was 1.7 billion yuan, a decrease of 5.6% year-on-year, while the net profit attributable to the parent company was -0.06 billion yuan, down 105% [5]. - The total revenue for the first three quarters of 2024 was 4.8 billion yuan, a decrease of 8% year-on-year, with a net profit of 0.3 billion yuan, down 89% [5]. Product and Service Development - The company is committed to developing both light smart and full smart toilets, aiming to meet the increasing demand for high-quality living standards and benefiting from government policies and consumer stimulus measures [3]. - The company is enhancing its service capabilities for distributors, providing comprehensive training and support for renovation services, which includes installation and removal services [4].

Core Viewpoint - The company indicates that multiple local governments have introduced trade-in subsidy programs, which are expected to boost consumer demand for new products, particularly through online platforms due to their relative convenience in participating in these subsidy policies [1] Group 1: Government Policies and Consumer Demand - The implementation of trade-in subsidy policies is anticipated to accelerate the growth of replacement consumption demand, especially in online sales channels [1] - Offline store demand is also expected to benefit from these policies, although there may be a delay in the transmission of sales from distributors to the company [1] Group 2: Sales Structure and Product Penetration - The current online sales situation suggests that the subsidy policies will positively impact the improvement of product sales structure and the penetration rate of smart toilets [1] Group 3: E-commerce and Market Opportunities - The company plans to continue increasing its investment in new e-commerce channels to further promote the development of its e-commerce business [1] - In the engineering channel, the company will focus on exploring opportunities in niche markets such as education, healthcare institutions, enterprises, hotels, and government projects while strictly controlling accounts receivable risks [1]

Group 1: Policy Impact on Sales and Market Dynamics - The implementation of the old-for-new subsidy policy has positively influenced sales growth and the penetration rate of smart toilets, with online platforms showing quicker demand response due to the convenience of subsidy participation [1] - The policy is expected to enhance the sales structure and improve the penetration rate of smart toilets, leading to a more favorable competitive landscape in the industry [1] - The old-for-new subsidy policy will promote industry standardization and increase market concentration, stimulating continuous replacement demand and consumption growth [1] Group 2: Future Strategies and Market Expansion - The company plans to enhance resource investment in overseas markets, focusing on developed countries and Belt and Road Initiative countries, with tailored market strategies for different regions [2] - The company aims to deepen its presence on e-commerce platforms like Tmall and JD.com, optimizing product categories and structures to boost e-commerce channel development [2] - In the engineering channel, the company will explore opportunities in education, healthcare, corporate, hotel, and government projects while strictly controlling receivable risks [2]

Group 1: Policy Impact on Sales and Market Dynamics - The implementation of the old-for-new subsidy policy is expected to enhance sales and improve the penetration rate of smart toilets, with online platforms showing quicker growth in replacement consumption demand due to their convenience in participating in subsidy policies [1] - The policy is anticipated to positively influence the sales structure of products and the overall market demand, although there may be a delay in the transmission of sales from dealers to the company [1] - The old-for-new subsidy policy will further standardize industry participants, increase industry concentration, and stimulate consumer demand for replacements, leading to sustained growth in replacement business and consumption [1] Group 2: Company Strategies and Initiatives - The company plans to continuously monitor policies and actively collaborate with offline and online stores to seize growth opportunities presented by these policies [2] - The company will enhance the renewal service capabilities of dealers by providing comprehensive training and support, covering everything from basic to professional renovation services [2] - To improve profitability, the company aims to optimize product sales structure, refine cost-reduction measures for various categories, and enhance promotional policies to boost gross margins [2]