证券代码：002084 证券简称：海鸥住工 公告编号：2025-051 广州海鸥住宅工业股份有限公司 关于参加广东辖区2025年投资者网上集体接待日 暨辖区上市公司中报业绩说明会活动的公告 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。 为进一步加强与投资者的互动交流，广州海鸥住宅工业股份有限公司（以下 简称"公司"、"本公司"、"海鸥住工"）将参加由广东证监局、广东上市公司协 会联合举办的"向新提质、价值领航——广东辖区 2025 年投资者网上集体接待 日暨辖区上市公司中报业绩说明会"活动，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net）或关注微信公众号：全景财经，或下载全景路演 APP, 参与本次互动交流，活动时间为 2025 年 9 月 19 日（周五）15:30-17:00。 届时公司高管将在线就 2025 年半年度业绩、公司治理、发展战略、经营状 况和可持续发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资 者踊跃参与！ 特此公告。 广州海鸥住宅工业股份有限公司 ...

Core Viewpoint - The domestic real estate market continues to face pressure in the first half of 2025, impacting the home furnishing industry, although the implementation of a subsidy policy for durable consumer goods has somewhat mitigated the downturn [1] Investment and Construction - Residential investment reached 3.58 trillion yuan, a year-on-year decline of 10.4% - New residential construction area was 22.3 million square meters, down 19.6% - Completed residential area was 16.3 million square meters [1] Home Furnishing Industry Performance - Six listed bathroom product companies reported a total revenue of 10.076 billion yuan, a year-on-year decrease of 9.5% - Arrow Home ranked first with a revenue of 2.837 billion yuan, surpassing the second-ranked Jianlin Home by approximately 451 million yuan - Rietter's revenue fell significantly by 19.5% to 920 million yuan compared to the first half of 2024 [1] Cost Control - Operating costs for bathroom product companies generally decreased due to business contraction, with Arrow Home and Jianlin Home's cost reductions outpacing revenue declines - Arrow Home's operating cost was 2.001 billion yuan, leading the sector [1] Expense Efficiency - Jianlin Home was the only company to see an increase in sales, management, and R&D expenses year-on-year - Rietter reduced all three expense categories, while Huida Bathroom had the highest sales expense ratio at 11.8% - Songlin Technology had the highest management expense ratio at approximately 13.5% [1] Profitability - Jianlin Home reported a net profit of approximately 238 million yuan, while the combined net profit/loss of the other five companies was only 165 million yuan - Jianlin Home also experienced the smallest decline in net profit compared to the first half of 2024 [1] Profit Quality - Only Arrow Home reported a net outflow in operating cash flow, while Songlin Technology, Jianlin Home, and Huida Bathroom saw a year-on-year decrease in net operating cash flow - Huida Bathroom had high accounts receivable and inventory turnover days, at 98 days and 160 days respectively, affected by the weak performance of upstream real estate companies [1]

Core Viewpoint - The domestic real estate market in China continues to face pressure in the first half of 2025, impacting related industries such as home furnishings and sanitary ware, with significant declines in investment, construction, and sales metrics [1][3]. Investment and Construction - Residential investment reached 3.58 trillion yuan, down 10.4% year-on-year - New residential construction area was 22.3 million square meters, a decrease of 19.6% - Completed residential area was 16.3 million square meters, down 15.5% [1]. Sales Performance - Residential sales area declined by 3.7% - New residential property sales amounted to 442 billion yuan, down 5.5%, with residential sales dropping by 5.2% [1]. Home Furnishing Industry Impact - The home furnishing industry is affected, but the implementation of trade-in subsidies for durable consumer goods since Q4 2024 has somewhat mitigated the downturn [1]. - In the first half of 2025, revenue for furniture manufacturing enterprises above designated size totaled 302.39 billion yuan, down 4.9%, while total profit fell by 23.1% to 10.64 billion yuan [1]. Financial Performance of Sanitary Ware Companies - Six listed sanitary ware companies reported a combined revenue of 10.076 billion yuan, down 9.5%, with a total net profit of 403 million yuan, compared to 681 million yuan in the same period of 2024 [1][3]. - Arrow Home led in revenue with 2.837 billion yuan, while Seagull Home reported a net loss of 26.06 million yuan, marking its first loss since 2009 [11]. Cost Control - Operating costs for sanitary ware companies generally decreased, with Arrow Home's costs at 2.001 billion yuan, 1.15 times that of the second-largest, Jianlin Home [4]. - Seagull Home's operating cost ratio was notably high at 87.1%, primarily due to geopolitical tensions affecting export costs [4]. Expense Efficiency - Jianlin Home was the only company to see increases in sales, management, and R&D expenses, while others like Ruierte reduced all three [7]. - Huida Sanitary had the highest sales expense ratio at 11.8% [7]. R&D Investment - R&D expense ratios for sanitary ware companies ranged from 3% to 5%, with Songlin Technology leading at 10.2% [8]. - Huida Sanitary's R&D expenses fell over 33% due to project fluctuations [8]. Profitability - Jianlin Home reported a net profit of approximately 238 million yuan, the highest among peers, with a minimal decline of 8.0% year-on-year [11]. - Seagull Home's net profit margin was -2.4%, the lowest among the companies analyzed [11]. Cash Flow and Quality - Only Arrow Home reported a net outflow in operating cash flow, while others like Songlin Technology and Jianlin Home saw declines in cash flow net amounts [14]. - Huida Sanitary's accounts receivable and inventory turnover days were notably high, indicating potential liquidity issues [16].

Core Insights - The home goods sector experienced a slight decline of 0.02% on September 11, with C艾芬达 leading the drop [1] - The Shanghai Composite Index closed at 3875.31, up 1.65%, while the Shenzhen Component Index closed at 12979.89, up 3.36% [1] Market Performance - The top-performing stocks in the home goods sector included 美之尚, which rose by 19.29% to a closing price of 21.71, and 梦天家居, which increased by 5.51% to 16.66 [1] - Conversely, C文分达 led the declines with a drop of 4.36% to 71.51, followed by 中源家居, which fell by 4.04% to 14.74 [2] Trading Volume and Capital Flow - The home goods sector saw a net outflow of 284 million yuan from institutional investors, while retail investors contributed a net inflow of 313 million yuan [2] - The trading volume for the top stocks included 美之尚 with 95,800 shares traded and a transaction value of 191 million yuan [1] Individual Stock Analysis - 好太太 experienced a net outflow of 31.96 million yuan from institutional investors, while retail investors contributed a net inflow of 8.19 million yuan [3] - C艾芬达 had a net inflow of 16.09 million yuan from institutional investors, but saw a net outflow of 11.72 million yuan from retail investors [3]

Market Overview - The home goods sector experienced a decline of 0.29% on September 10, with Zhongyuan Home leading the drop [1] - The Shanghai Composite Index closed at 3812.22, up 0.13%, while the Shenzhen Component Index closed at 12557.68, up 0.38% [1] Stock Performance - Notable gainers included: - N Wenfenda: closed at 74.77, up 170.03% with a trading volume of 137,200 shares and a turnover of 1.11 billion yuan [1] - Bingtai Turf: closed at 36.07, up 10.00% with a trading volume of 83,000 shares and a turnover of 290 million yuan [1] - Filinger: closed at 29.18, up 6.30% with a trading volume of 84,100 shares and a turnover of 238 million yuan [1] - Major decliners included: - Zhongyuan Home: closed at 15.36, down 10.02% with a trading volume of 179,300 shares and a turnover of 278 million yuan [2] - Songgu Technology: closed at 28.99, down 7.38% with a trading volume of 80,800 shares and a turnover of 243 million yuan [2] - Yuma Technology: closed at 17.40, down 6.10% with a trading volume of 291,000 shares and a turnover of 509 million yuan [2] Capital Flow - The home goods sector saw a net inflow of 108 million yuan from institutional investors, while retail investors experienced a net outflow of 119 million yuan [2][3] - Key stocks with significant capital flow included: - N Wenfenda: net inflow of 282.1 million yuan from institutional investors, with a net outflow of 35.25 million yuan from retail investors [3] - Gongchuang Turf: net inflow of 57.01 million yuan from institutional investors, with a net outflow of 30.83 million yuan from retail investors [3] - Opai Home: net inflow of 22.03 million yuan from institutional investors, with a net outflow of 9.07 million yuan from retail investors [3]

Group 1 - The home goods sector increased by 0.38% on September 4, with Zhongyuan Home leading the gains [1] - The Shanghai Composite Index closed at 3765.88, down 1.25%, while the Shenzhen Component Index closed at 12118.7, down 2.83% [1] - Zhongyuan Home's stock price rose by 9.99% to 15.30, with a trading volume of 82,800 shares and a transaction value of 122 million yuan [1] Group 2 - The home goods sector experienced a net outflow of 89.65 million yuan from institutional funds, while retail investors saw a net inflow of 143 million yuan [2] - Major stocks in the home goods sector showed varied fund flows, with Zhongyuan Home receiving a net inflow of 48.21 million yuan from institutional investors [3] - Retail investors had a net outflow of 15.18 million yuan from Zhongyuan Home, despite the overall positive performance of the stock [3]

Group 1 - The company announced a share buyback plan, intending to repurchase a total of 1,524,500 shares, which represents approximately 0.2360% of its current total share capital [2] - The buyback will be executed through centralized bidding transactions, with a maximum transaction price of 3.74 CNY per share and a minimum transaction price of 2.84 CNY per share [2] - The total amount for the share buyback is 5,478,941 CNY, excluding transaction fees [2]

Core Viewpoint - The company, Seagull Housing (002084.SZ), has announced a share buyback program, indicating a commitment to enhancing shareholder value through capital management [1] Group 1: Share Buyback Details - The company plans to repurchase a total of 1,524,500 shares, which represents approximately 0.2360% of its current total share capital [1] - The buyback will be executed through a centralized bidding transaction method via a dedicated securities account [1] - The highest transaction price during the buyback was 3.74 yuan per share, while the lowest was 2.84 yuan per share, with a total transaction amount of 5.478941 million yuan (excluding transaction fees) [1]

Core Viewpoint - The company, Seagull Housing (002084.SZ), has announced a share buyback program, indicating a strategic move to enhance shareholder value through repurchasing its own shares [1] Summary by Categories Share Buyback Details - The company has repurchased a total of 1,524,500 shares, which accounts for approximately 0.2360% of its current total share capital [1] - The highest transaction price during the buyback was 3.74 CNY per share, while the lowest was 2.84 CNY per share [1] - The total amount spent on the buyback was 5.478941 million CNY, excluding transaction fees [1]

Market Overview - The home goods sector experienced a decline of 0.74% on September 2, with Dongpeng Holdings leading the drop [1] - The Shanghai Composite Index closed at 3858.13, down 0.45%, while the Shenzhen Component Index closed at 12553.84, down 2.14% [1] Stock Performance - Notable gainers in the home goods sector included: - Zhongyuan Home (603709) with a closing price of 15.44, up 9.97% on a trading volume of 90,800 shares and a turnover of 136 million yuan [1] - Haotaitai (603848) closed at 24.80, up 3.77% with a trading volume of 48,300 shares and a turnover of 116 million yuan [1] - Seagull Home (002084) closed at 3.71, up 3.34% with a trading volume of 326,100 shares and a turnover of 118 million yuan [1] - Major decliners included: - Dongpeng Holdings (003012) closed at 6.98, down 5.29% with a trading volume of 227,700 shares and a turnover of 160 million yuan [2] - ST Yazhen (603389) closed at 24.68, down 5.00% with a trading volume of 36,100 shares and a turnover of 90.5 million yuan [2] - Meng Tian Home (603216) closed at 14.15, down 4.97% with a trading volume of 85,700 shares and a turnover of 122 million yuan [2] Capital Flow - The home goods sector saw a net outflow of 235 million yuan from institutional investors, while retail investors contributed a net inflow of 109 million yuan [2] - The capital flow for selected stocks showed: - Zhongyuan Home had a net inflow of 42.45 million yuan from institutional investors, but a net outflow of 16.45 million yuan from retail investors [3] - Haotaitai experienced a net inflow of 17.46 million yuan from institutional investors, with a net outflow of 1.07 million yuan from retail investors [3] - Jiayuan Technology (301193) had a net inflow of 29.46 million yuan from institutional investors, but a net outflow of 29.23 million yuan from retail investors [3]