第一章 总则 第一条 为了进一步提高公司规范运作水平，加大对年报信息披露责任人的 问责力度，提高年报信息披露的质量和透明度，增强年报信息披露的真实性、准 确性、完整性和及时性，根据《中华人民共和国证券法》、《中华人民共和国会 计法》、《上市公司信息披露管理办法》、《上市公司治理准则》和《深圳证券 交易所股票上市规则》等法律、法规、规范性文件及《公司章程》、《公司信息 披露事务管理制度》的有关规定，结合公司的实际情况，特制定本制度。 第二条 公司有关人员应当严格执行《企业会计准则》及相关规定，严格遵 守公司与财务报告相关的内部控制制度，确保财务报告真实、公允地反映公司的 财务状况、经营成果和现金流量。公司有关人员不得干扰、阻碍审计机构及相关 注册会计师独立、客观地进行年报审计工作。 浙江亚厦装饰股份有限公司 年报信息披露重大差错责任追究制度 (第六届董事会第十五次会议审议通过) 第三条 公司董事、高级管理人员以及与年报信息披露相关的其他人员在年 报信息披露工作中违反国家有关法律、法规、规范性文件以及公司规章制度，未 勤勉尽责或者不履行职责，导致年报信息披露发生重大差错，应当按照本制度的 规定追究其责任。 （六） ...

浙江亚厦装饰股份有限公司 短期理财业务管理制度 （第六届董事会第十五次会议审议通过） 第一章 总 则 第一条 为规范浙江亚厦装饰股份有限公司（以下简称"公司"） 及公司控 股子公司的短期理财交易行为，保证公司资金、财产安全，根据深圳证券交易所 《股票上市规则》、《上市公司信息披露管理办法》及公司章程的规定，制定本制 度。 第二条 本制度所指"短期理财业务"是指公司为充分利用闲置资金、提高 资金利用率、增加公司收益，以自有资金或暂时闲置的募集资金进行保本收益类 理财产品（除以股票为主要投资品种的理财产品）买卖或固定收益类证券（除股 票、证券投资基金、无担保债券等有价证券及其衍生品）投资交易且投资期限不 超过一年的理财行为。 第三条 公司从事短期理财交易的原则为： （一） 短期理财交易资金为公司闲置资金，其使用不影响公司正常生产经 营活动及投资需求。 （二） 短期理财交易的标的为保本固定收益类产品或保本收益递增类产品 且其预期收益高于同期人民币定期存款利率。 （三） 公司进行短期理财业务，只允许与具有合法经营资格的金融机构进 行交易，不得与非正规机构进行交易。 （四）公司使用暂时闲置的募集资金进行现金管理的，投资 ...

独立董事工作制度 （2021年年度股东大会通过，2023年第二次临时股东大会修订，2025年第一次 浙江亚厦装饰股份有限公司 临时股东大会） 第一章 总则 第一条 为进一步完善浙江亚厦装饰股份有限公司（以下简称"公司"） 的法人治理结构，促进公司规范运作，根据《上市公司治理准则》、《上市公 司独立董事管理办法》（以下简称"《独董管理办法》"）、《关于加强社会 公众股股东权益保护的若干规定》、《深圳证券交易所股票上市规则》（以下 简称"《上市规则》"）等有关法律、法规、《浙江亚厦装饰股份有限公司公 司章程》（以下简称"《公司章程》"）的规定及深圳证券交易所（以下简称 "交易所"）的其他相关规定，特制定本制度。 第二章 一般规定 第二条 独立董事是指不在公司担任除董事外的其他职务，并与公司及公 司主要股东、实际控制人不存在直接或者间接利害关系，或者其他可能影响其 进行独立客观判断关系的董事。 第三条 独立董事对公司及全体股东负有忠实与勤勉的义务，并应当按照 相关法律法规、本制度和《公司章程》的要求，认真履行职责,在董事会中发挥 参与决策、监督制衡、专业咨询作用，维护公司整体利益，保护中小股东合法 权益。 第四条 ...

Core Insights - The report highlights the significant role of CFOs in listed companies, with the total salary of CFOs in A-share companies reaching 4.27 billion yuan in 2024, averaging 814,800 yuan per year [1][3] Salary Overview - The average salary for CFOs in the decoration and renovation sector is 593,600 yuan, which is lower than the average salary of 632,100 yuan for the construction decoration industry, showing a year-on-year increase of 2.8% [9][10] - The median salary for CFOs in this sector is 504,400 yuan, with the highest and lowest salaries differing by nearly 1 million yuan [9] Demographics - The average age of CFOs in the decoration and renovation sector is 49.41 years, with 52.9% being over 50 years old and 47.1% between 40-50 years old, indicating an aging trend [1] - Male CFOs dominate the sector, comprising approximately 64.7%, with an average age of 47.55 years, while female CFOs account for about 35.3% with an average age of 54.17 years [1] Tenure and Education - Most CFOs in the decoration and renovation sector have a short tenure, with 41.2% serving between 1-3 years, while those with 10 years or more account for about 11.8% [3] - In terms of education, approximately 43.8% of CFOs hold a bachelor's degree, while 37.5% have a master's degree [7] Salary by Gender and Education - Male CFOs earn an average salary of 571,400 yuan, which is lower than the average salary of female CFOs at 634,300 yuan [10] - CFOs with a bachelor's degree have an average salary of 654,400 yuan, while those with a master's degree earn about 554,000 yuan [10] Compliance Issues - Four CFOs in the decoration and renovation sector faced regulatory issues, with specific cases of internal reprimands and warnings issued for non-compliance in financial matters [11][12]

Core Insights - The report highlights the salary trends and demographic characteristics of CFOs in the A-share market for 2024, indicating a total salary pool of 4.27 billion yuan for CFOs across listed companies, with an average annual salary of 814,800 yuan [1][3]. Group 1: Salary and Compensation - The average annual salary for CFOs in the decoration and renovation sector is 593,600 yuan, which is lower than the average salary of 632,100 yuan for the broader construction and decoration industry, reflecting a year-on-year increase of 2.8% [9][10]. - The highest-paid CFO is Xue Wen from *ST Baoying, earning 1.2844 million yuan, while the lowest is Lin Wangchun from ST Ruihe, with a salary of 291,200 yuan, representing a year-on-year decrease of 31.6% [10][11]. Group 2: Demographics and Education - The average age of CFOs in the decoration and renovation sector is 49.41 years, with 52.9% being over 50 years old, and there are no CFOs under 40 [1][3]. - In terms of educational background, approximately 43.8% of CFOs hold a bachelor's degree, while 37.5% have a master's degree [7]. Group 3: Tenure and Experience - The majority of CFOs in the decoration and renovation sector have a short tenure, with 41.2% serving for 1-3 years, while those with 10 years or more account for about 11.8% [3]. - The longest-serving CFO is Huang Li from Mingdiao Co., who has held the position since November 2011, nearing 14 years [3]. Group 4: Gender Analysis - Male CFOs dominate the sector, comprising approximately 64.7% of the total, with an average age of 47.55 years, while female CFOs account for about 35.3% and have a higher average age of 54.17 years [1][10].

Core Viewpoint - The company, Yasha Co., Ltd. (002375.SZ), continues to perform steadily in the construction decoration industry despite market challenges, with a significant increase in new orders in the second quarter of 2025 compared to the first quarter. Group 1: Business Performance - In Q2 2025, Yasha Co. signed new orders worth 2.627 billion yuan, an increase from 2.287 billion yuan in Q1 2025, totaling 4.914 billion yuan for the first half of 2025 [2][3][6] - As of June 30, 2025, the company had approximately 11 billion yuan in hand orders, which represents 91.20% of its 2024 revenue [3][8] - The company has maintained profitability with a net profit attributable to shareholders of 67 million yuan in Q1 2025, continuing a growth trend for three consecutive years [4][11] Group 2: Financial Health - The company's asset-liability ratio has decreased for three consecutive years, standing at 60.65% as of Q1 2025, down from 66.73% at the end of 2021 [5][15] - Financial expenses have been declining for five consecutive years, indicating improved financial management [13][15] - The company reported a slight decrease in contract liabilities, from 452 million yuan in the previous year to 404 million yuan [10] Group 3: Market Context - The construction decoration market has faced challenges due to a downturn in the real estate sector, yet Yasha Co. has focused on public building decoration, which has helped maintain its order volume [10][12] - The company has a history of strong performance, having ranked second in the "Top 100 Chinese Construction Decoration Enterprises" for 13 consecutive years [3][14] - Despite industry pressures, Yasha Co. has shown resilience, with its revenue for 2022 to 2024 being relatively stable, achieving 12.116 billion yuan, 12.869 billion yuan, and 12.136 billion yuan respectively [11][12]

Group 1 - The core viewpoint of the article highlights the growth in the Chinese furniture manufacturing industry, with an increase in the number of enterprises and a positive year-on-year growth rate [1] - As of the first half of 2025, there are 7,425 furniture manufacturing enterprises, which is an increase of 87 compared to the same period last year, representing a year-on-year growth of 1.19% [1] - The furniture manufacturing enterprises account for 1.43% of the total industrial enterprises in China [1] Group 2 - The report referenced is titled "2025-2031 China Furniture Manufacturing Industry Market Production and Sales Status and Investment Potential Assessment Report" published by Zhiyan Consulting [1] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, providing comprehensive industry research reports and customized services [2] - The data used in the report is sourced from the National Bureau of Statistics and organized by Zhiyan Consulting [3]

Market Performance - The decoration and renovation sector increased by 0.56% on August 4, with Zhengzhong Design leading the gains [1] - The Shanghai Composite Index closed at 3583.31, up 0.66%, while the Shenzhen Component Index closed at 11041.56, up 0.46% [1] Stock Performance - Zhengzhong Design (002811) closed at 12.28, up 5.32% with a trading volume of 712,700 shares and a transaction value of 865 million [1] - Other notable gainers included *ST Chuangxing (600193) up 5.04%, Kexin Development (600234) up 4.12%, and Zhongtian Jingzhuang (002989) up 3.47% [1] - Conversely, Jianghe Group (601886) fell by 1.59%, and Hainan Development (002163) decreased by 0.99% [2] Capital Flow - The decoration and renovation sector experienced a net outflow of 137 million from institutional investors, while retail investors saw a net inflow of 1.32 billion [2] - The overall capital flow indicates that retail investors are more active in this sector compared to institutional investors [2] Individual Stock Capital Flow - *ST Chuangxing (600193) had a net inflow of 14.49 million from institutional investors, while it faced a net outflow of 12.26 million from speculative funds [3] - Zhengzhong Design (002811) saw a net inflow of 82.17 million from speculative funds, indicating strong retail interest despite a net outflow from institutional investors [3] - The overall trend shows that while institutional investors are withdrawing, retail investors are actively buying into certain stocks within the sector [3]

证券日报网讯 7月30日晚间，亚厦股份发布公告称，公司2025年第二季度新签订单金额合计为26.27亿元 人民币。 （文章来源：证券日报） ...

Investment Rating - The report maintains a "Buy" recommendation for the construction industry [1] Core Viewpoints - Infrastructure investment growth remains robust, with a broad infrastructure investment growth rate of 8.9% in the first half of 2025, despite a slight decline from previous values [3][30] - Real estate investment continues to face pressure, with a 11.2% year-on-year decline in real estate development investment in the first half of 2025 [44] - The construction sector is experiencing a slight increase in fund holdings, with a fund holding market value ratio of 0.43% in Q2 2025, which is still below the standard allocation ratio of 1.77% [65][66] Summary by Sections Special Debt Issuance - The pace of special debt issuance has accelerated, with a total of 2.16 trillion yuan issued in the first half of 2025, a year-on-year increase of 45% [6][3] - The government plans to issue 4.4 trillion yuan in new local government special bonds in 2025, focusing on investment construction and land acquisition [6] Infrastructure Investment - Fixed asset investment growth has slowed, with a total of 248,654 billion yuan in the first half of 2025, reflecting a 2.8% year-on-year increase [27] - Infrastructure investment remains resilient, with significant growth in the electricity, heat, gas, and water supply sectors, which saw a 22.8% year-on-year increase [35][30] Real Estate Market - Real estate investment and sales continue to decline, with a 3.5% decrease in commodity housing sales area in the first half of 2025 [44] - New construction and completion areas have seen a narrowing decline, with new construction down 20.0% year-on-year but improving from previous months [46] Fund Holdings in Construction - Fund holdings in the construction sector have slightly increased, with a market value of 132.95 billion yuan in Q2 2025, reflecting a 9.24% increase from Q1 2025 [65] - The construction sector remains underweight compared to the standard allocation, indicating potential for growth [65][66] Recommendations - The report recommends focusing on stable growth, high dividends, overseas expansion, and regional construction projects, highlighting companies such as China State Construction, China Railway, and others [3][1]