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]

Group 1: Policy Impact on Sales - The implementation of the old-for-new subsidy policy has positively influenced company sales, with online platforms showing quicker growth in replacement consumption demand due to easier participation in subsidy programs [1] - The policy is expected to enhance industry competition and concentration, stimulating consumer demand for upgrades and promoting sustainable consumption growth [1] Group 2: Service Enhancement for Old-for-New Business - The company is enhancing its old-for-new business by providing comprehensive training and support to dealers, improving their capabilities in dismantling, installation, and renovation services [2] - A one-stop service model ("delivery + dismantling + installation") is being developed to meet the increasing demand for home upgrades and renovations [2] Group 3: Export Market Strategy - The company plans to strengthen its investment in overseas markets, focusing on developed countries and Belt and Road Initiative countries, with tailored market strategies for different regions [2] - Collaboration with local dealers and brand partnerships will be pursued to accelerate the growth of overseas markets [2] Group 4: Industry Standards and Competition - The mandatory certification for electronic toilets will take effect on July 1, 2025, with the company being one of the first to obtain the CCC certification [2] - The establishment of stricter industry standards is expected to lead to a competitive shakeout, increasing industry concentration by eliminating smaller players [2]

证券代码：001322 证券简称：箭牌家居 公告编号：2024-059 箭牌家居集团股份有限公司 关于使用部分暂时闲置募集资金进行现金管理的进展公告 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。 箭牌家居集团股份有限公司（以下简称"公司"或者"箭牌家居"）于 2024 年 10 月 24 日召开第二届董事会第十四次会议及第二届监事会第十三次会议，审 议通过了《关于使用部分暂时闲置募集资金进行现金管理的议案》，同意公司在 确保不影响募集资金投资项目正常进行和募集资金安全的前提下，使用额度不超 过人民币 3.48 亿元（含本数）的部分暂时闲置募集资金进行现金管理，前述现金 管理额度由公司及子公司共享，使用期限自董事会审议通过之日起一年内有效。 在上述额度及期限内，资金可以循环滚动使用。具体内容详见公司于 2024 年 10 月 25 日在巨潮资讯网（http://www.cninfo.com.cn）等指定信息披露媒体披露的 《关于使用部分暂时闲置募集资金进行现金管理的公告》等相关公告。 公司募投项目实施主体、公司全资子公司佛山市乐华恒业厨卫有限公司（以 下简称" ...

中信证券股份有限公司 关于箭牌家居集团股份有限公司 2024年度持续督导培训情况的报告 深圳证券交易所： 中信证券股份有限公司（以下简称"中信证券"、"保荐机构"）根据《深圳 证券交易所上市公司自律监管指引第 13 号——保荐业务》对箭牌家居集团股份 有限公司（以下简称"箭牌家居"、"公司"）进行了 2024 年度持续督导培训，报 告如下： 一、本次持续督导培训的基本情况 （一）保荐机构：中信证券股份有限公司 （二）保荐代表人：杨锐彬、史松祥 （六）培训人员：杨锐彬 （七）培训对象：公司董事、监事、高级管理人员、中层以上管理人员及控 股股东相关人员 （八）培训内容：本次培训重点介绍了董监高职责、董监高股份买卖、内幕 交易信息管理、对外担保、关联交易、募集资金使用、并购新规等事项及规范运 作要求，加深了公司董事、监事、高级管理人员对相关法律法规、信息披露、内 部控制要求的理解。 二、上市公司的配合情况 保荐机构本次持续督导培训的工作过程中，公司积极予以配合，保证了培训 工作的有序进行，达到了良好效果。 （三）协办人：陈皓 （四）培训时间：2024 年 10 月 24 日 （五）培训地点：广东省佛山市顺德区乐从镇 ...

尊敬的各位投资者社会各界关心和支持剑牌家居发展的朋友们大家下午好欢迎大家参加剑牌家居集团股份有限公司2024年度业绩说明会我是公司的副总经理兼董事会秘书杨伟华也是本次会议的主持人 首先请允许我介绍出席本次业绩说明会的嘉宾剑牌家具集团股份有限公司董事长总经理谢瑞荣先生公司保健代表人中信证券全球投资银行管理委员会高级经理邱思成先生以及线上餐会的公司独立董事姚品贵先生 公司已于2025年4月22日发布了2024年年度报告及相关公告汇报了公司年度经营情况及重要事项为便宜投资者更好地了解公司的业务及经营情况特举行本次业绩说明会与广大投资者沟通交流广泛接收投资者的提问和建议 首先邀请公司董事长总经理谢瑞荣先生进行致辞尊敬的各位投资者朋友们下午好我是剑牌家机集团部分有限公司的董事长总经理谢瑞荣 欢迎各位参加剑牌家机2024年度业绩说明会2024年我们面临房地产市场的持续调整以及威逸行业竞争的加剧公司营业收入有所波动 净利润大幅下滑面对这样的业绩表现我们深刻反思并积极调整力求为投资者创造长期价值在此我代表公司董事会和管理层向每一位关注和支持建牌家居发展的投资者朋友表达我们诚挚的歉意 尽管外部环境充满挑战我们始终坚持持续改善人 ...

Investment Rating - The investment rating for the company is "Hold" [1] Core Views - The company reported a revenue of 4.83 billion yuan for the first three quarters of 2024, a year-on-year decrease of 8.5%. The net profit attributable to shareholders was 31.99 million yuan, down 88.9% year-on-year [1] - The revenue decline has narrowed in Q3, with a revenue of 1.74 billion yuan, a year-on-year decrease of 5.6%. However, the net profit for Q3 was -6.01 million yuan, a decline of 105.2% year-on-year [1] - The company is experiencing pressure on profitability, with a gross margin of 26.4% for the first three quarters, down 3 percentage points year-on-year, primarily due to weak terminal demand and continuous price declines [1] - Despite the challenges, sales of certain products, particularly smart toilets, bathroom furniture, and sanitary ceramics, have shown year-on-year growth, indicating resilience in the smart product segment [1] Summary by Sections Financial Performance - For the first three quarters of 2024, the company achieved a gross margin of 26.4%, with total expenses increasing to 24.4% of revenue, up 2.4 percentage points year-on-year. The net profit margin for the first three quarters was 0.7%, down 4.8 percentage points year-on-year [1] - In Q3, the gross margin was 25.3%, down 4 percentage points year-on-year, while the net profit margin was -0.3%, a decline of 6.6 percentage points year-on-year [1] Product Performance - Sales of smart toilets and bathroom furniture have increased year-on-year, with the company expecting to maintain or grow its market share despite a challenging consumption environment [1] - The average price of fully intelligent toilets has decreased significantly, but the company anticipates continued market growth due to rising consumer demand for high-quality living and ongoing government consumption stimulus policies [1] Industry Trends - The implementation of the old-for-new policy is expected to enhance industry concentration and encourage consumers to purchase more energy-efficient and intelligent products [1] - The company has become one of the first 23 enterprises to receive 3C certification for electronic toilets, which is expected to drive industry standardization and accelerate the exit of smaller players [1] Earnings Forecast - The company forecasts EPS of 0.2 yuan, 0.3 yuan, and 0.36 yuan for 2024, 2025, and 2026 respectively, with corresponding PE ratios of 46x, 31x, and 26x [1]

证券简称： 箭牌家居 证券代码：001322 箭牌家居集团股份有限公司投资者关系活动记录表 编号：2024-017 | --- | --- | --- | |-------------------------|----------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

证券代码：001322 证券简称：箭牌家居 公告编号：2024-058 箭牌家居集团股份有限公司 关于股份回购结果暨股份变动的公告 2023 年 11 月 29 日，公司通过股份回购专用证券账户以集中竞价交易方式 首次回购公司股份，具体内容详见公司于 2023 年 11 月 30 日在巨潮资讯网 （http://www.cninfo.com.cn）等指定信息披露媒体的《关于以集中竞价交易方式 首次回购公司股份的公告》。回购实施期间，公司按照相关规定于每个月的前三 个交易日内披露截至上月末公司的回购进展情况，且在回购股份占公司总股本的 比例每增加百分之一时于三个交易日内披露了回购进展情况，具体内容详见公司 在巨潮资讯网（http://www.cninfo.com.cn）等指定信息披露媒体披露的相关公告。 截至 2024 年 10 月 25 日，本次回购公司股份方案已实施完毕。本次回购实 际回购时间为 2023 年 11 月 29 日至 2024 年 10 月 25 日，公司以集中竞价方式累 计回购股份 12,502,300 股，占公司目前总股本的 1.2908%，最高成交价为 12.56 元/股，最低成交价为 ...

证券简称： 箭牌家居 证券代码：001322 箭牌家居集团股份有限公司投资者关系活动记录表 编号：2024-016 | --- | --- | --- | |-------------------------|----------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...