索菲亚家居股份有限公司 独立董事 2024 年度述职报告 （述职人：徐勇） 各位股东及股东代表： 1、审计委员会 本人作为索菲亚家居股份有限公司（以下简称"公司"）独立董事，严格按 照《公司法》《上市公司独立董事管理办法》《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》等法律法规和《索菲亚家居股份有限 公司章程》《独立董事制度》的规定，在 2024 年的工作中，勤勉履职，积极出 席公司股东大会、董事会及各专门委员会会议，对公司的生产经营和业务发展提 出合理建议，充分发挥独立董事的作用，积极维护了公司整体利益，保护中小股 东合法权益。现就本人在 2024 年度履行独立董事职责情况汇报如下： 一、独立董事的基本情况 本人徐勇，1959 年 9 月生，中国国籍，曾任公司第五届董事会独立董事， 现任公司第六届董事会独立董事。曾任中山大学管理学院副院长、教授、博士生 导师，广州珠江发展集团股份有限公司独立董事，广东粤财金融租赁股份有限公 司董事，广东裕田霸力科技股份有限公司独立董事。现任广东省创业投资协会会 长，广东中大科技创业投资管理有限公司董事长兼总经理，广州创联投资咨询有 限公司执行董事 ...

索菲亚家居股份有限公司 二〇二五年四月二十七日 董事会关于独立董事独立性自查情况评估的专项报告 根据《上市公司独立董事管理办法》《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》等相关规 定，并结合独立董事自查情况，索菲亚家居股份有限公司（以下简称"公司"） 董事会就公司在任独立董事吉争雄先生、徐勇先生、郭飏先生的独立性情况进行 评估并出具专项意见如下： 索菲亚家居股份有限公司董事会 根据公司独立董事自查及其在公司的履职情况，董事会认为公司独立董事均 能胜任独立董事的职责要求，其未在公司担任除独立董事以外的任何职务，也未 在公司主要股东控制的公司担任任何职务，与公司以及主要股东之间不存在利害 关系或其他可能妨碍其进行独立客观判断的关系。公司独立董事符合《上市公司 独立董事管理办法》《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》等法律法规、规范性文件对 独立董事独立性的相关要求。 ...

索菲亚家居股份有限公司 舆情管理制度 第一章 总则 （二）一般舆情：指除重大舆情之外的其他舆情。 第一条 为了提高索菲亚家居股份有限公司（以下简称"公司"）应对各类 舆情的能力，建立快速反应和应急处理机制，及时、妥善处理与预防各类舆情 对公司股价、商业信誉及正常生产经营活动造成的影响，切实保护投资者合法 权益，根据《深圳证券交易所股票上市规则》等相关法律法规、规范性文件以 及《索菲亚家居股份有限公司章程》（以下简称"《公司章程》"）的有关规定， 结合公司实际情况，制定本制度。 第三条 舆情信息的分类 第二条 本制度所称"舆情"包括但不限于： （一）重大舆情：指传播范围较广，严重影响公司公众形象或正常经营活 动，使公司已经或可能遭受损失，已经或可能造成公司股票及其衍生品交易价 格变动的负面舆情； （一）报刊、电视、网络等媒体及自媒体（以下合称"媒体"）对公司进行 的负面报道； （二）社会上存在的已经或将给公司造成不良影响的传言或信息； （三）可能或者已经影响社会公众投资者投资取向，造成股价异常波动的 信息； （四）其他涉及公司信息披露且可能对公司股票及其衍生品交易价格产生 较大影响的事件信息。 1 / 6 第二 ...

Financial Performance - In 2024, the company achieved a revenue of 9.448 billion yuan, with an average transaction value of 23,307 yuan per order[7]. - The company's operating revenue for 2024 was ¥10,494,353,781.39, a decrease of 10.04% compared to ¥11,665,646,381.23 in 2023[6]. - The net profit attributable to shareholders for 2024 was ¥1,370,944,152.08, an increase of 8.69% from ¥1,261,277,793.86 in 2023[6]. - The total revenue for 2024 is approximately ¥10.49 billion, a decrease of 10.04% compared to ¥11.67 billion in 2023[102]. - The furniture manufacturing sector contributed ¥10.30 billion, accounting for 98.14% of total revenue, with a year-on-year decline of 10.10%[102]. - The company reported a total of ¥277,941,485.03 in non-recurring gains for 2024, significantly higher than ¥126,661,858.11 in 2023[37]. - The company has distributed a cash dividend of 1.00 RMB per 10 shares, totaling 952 million RMB for the 2023 fiscal year, and plans to distribute a similar amount of 963 million RMB for 2024, pending shareholder approval[157]. Market Trends and Strategies - The company expanded its overseas market presence, covering 22 countries/regions with 22 distributors and engaging in approximately 80 projects across 21 countries[10]. - The company actively responded to government policies promoting home consumption, becoming one of the early adopters of the "old-for-new" subsidy platform[11]. - The real estate market in China is experiencing a structural shift towards renovation of existing homes, with 600 million existing homes and 270 million over 20 years old[41]. - The custom furniture industry is transitioning from an incremental market to a stock-driven market, with a focus on renovation demands for existing and second-hand homes[44]. - The company is focused on promoting green manufacturing and has been recognized with seven authoritative certifications, including five international environmental recognitions[67]. - The company aims to deepen its urban operator capabilities and implement the "1+N+X" strategy to enhance service reach in 2025[12]. Product Development and Innovation - The company launched the "5A Standard" for product quality, increasing core quality indicators from 12 to 14, enhancing its market competitiveness[7]. - The company is committed to integrating AI technology into its operations to drive cost reduction and efficiency improvements[12]. - The company has developed an E0 level environmental standard that exceeds the national E1 standard, and has introduced formaldehyde-free boards ahead of the new national ENF standard by five years, showcasing its commitment to environmental upgrades[67]. - The company is focusing on innovative green health products to enhance its brand image and market share in the industry[116]. - Research and development investment reached 375 million RMB during the reporting period, with a total of 641 patents obtained, including 109 invention patents and 281 utility model patents[155]. Operational Efficiency and Cost Management - The net cash flow from operating activities decreased by 49.30% to ¥1,345,427,797.11 from ¥2,653,600,254.53 in 2023[6]. - The company's total operating costs for the furniture manufacturing sector decreased by 9.08% to approximately ¥6.72 billion[109]. - The labor cost for customized wardrobes and furniture in 2024 was CNY 531,864,341.06, down 13.26% from 2023[110]. - The sales expenses for 2024 were CNY 1,011,372,493.95, a decrease of 10.23% compared to CNY 1,126,673,569.71 in 2023, mainly due to reduced employee compensation[113]. - The company has implemented a digital operation platform that allows distributors to design custom products and place orders digitally, enhancing efficiency and reducing operational costs[66]. Corporate Governance and Investor Relations - The board of directors and senior management have confirmed the accuracy and completeness of the annual report, assuming legal responsibility for any misrepresentation or omissions[16]. - The company has maintained a robust governance structure, with a board of directors consisting of 5 members, including 3 independent directors, ensuring compliance with legal requirements[161]. - The company has established multiple communication channels with investors, including investor meetings and a dedicated investor relations platform, to ensure effective engagement[167]. - The company has published 65 announcements in 2024, maintaining a high level of transparency and communication with investors, and has received an A-level rating for information disclosure for 11 consecutive years[156]. - The company has a structured approach to managing its executive compensation, ensuring alignment with shareholder interests[184]. Workforce and Human Resources - The total number of employees at the end of the reporting period is 12,901, with 2,757 in the parent company and 10,144 in major subsidiaries[193]. - The company has established a comprehensive training development system to enhance employee skills and capabilities[196]. - The company has a structured approach to employee training, utilizing both external resources and an internal lecturer training system[196]. - The company has confirmed that its cash dividend policy complies with its articles of association and shareholder resolutions[198]. - The company has implemented a performance-based compensation policy linked to company performance and individual contributions[194].

Financial Performance - The company's revenue for Q1 2025 was ¥2,038,095,098.80, a decrease of 3.46% compared to ¥2,111,108,168.34 in the same period last year[4] - Net profit attributable to shareholders was ¥12,101,242.34, down 92.69% from ¥165,465,208.07 year-on-year[4] - Net profit for the current period is ¥18,113,412.90, a decline of 89.58% compared to ¥173,975,526.47 in the previous period[26] - Total operating revenue for the current period is ¥2,038,095,098.80, a decrease of 3.46% from ¥2,111,108,168.34 in the previous period[25] - Total operating costs decreased to ¥1,842,683,212.73, down 3.85% from ¥1,916,191,944.98[25] - Total comprehensive income for the period was CNY 18,113,412.90, with CNY 12,101,242.34 attributable to the parent company[27] - Basic and diluted earnings per share were both CNY 0.0126, down from CNY 0.1734 in the previous period[27] Cash Flow - The net cash flow from operating activities improved by 31.07%, reaching -¥702,318,353.18 compared to -¥1,018,881,928.64 in the previous year[12] - Net cash flow from operating activities was CNY -702,318,353.18, an improvement from CNY -1,018,881,928.64 in the previous period[29] - Cash inflow from sales of goods and services was CNY 2,114,849,384.70, an increase from CNY 1,926,083,890.65[28] - Total cash outflow from operating activities was CNY 2,981,219,090.93, slightly down from CNY 2,998,581,444.79[28] - Cash inflow from investment activities totaled CNY 3,206,213,159.52, compared to CNY 872,166,318.72 in the prior period[29] - Net cash flow from financing activities was CNY -211,148,845.58, worsening from CNY -148,026,957.53 year-over-year[29] - Investment cash outflow was CNY 2,328,636,421.54, significantly higher than CNY 349,375,740.08 in the previous period[29] Assets and Liabilities - Total assets decreased by 8.34% to ¥15,005,930,222.83 from ¥16,372,088,949.73 at the end of the previous year[4] - The company's total assets decreased to ¥15,005,930,222.83 from ¥16,372,088,949.73, reflecting a reduction of 8.35%[24] - Total liabilities decreased to ¥7,221,966,194.33, down 16.12% from ¥8,606,170,396.68[24] - Current liabilities totaled ¥6,259,709,366.52, a decrease of 17.94% from ¥7,633,546,417.51[24] - The company’s total liabilities decreased significantly, with contract liabilities down by 34.44% to ¥1,496,163,809.73 from ¥2,282,203,935.82[7] Research and Development - Research and development expenses were ¥59,052,643.11, a reduction of 32.49% from ¥87,474,797.24 in the prior year[10] - Research and development expenses were ¥59,052,643.11, down 32.5% from ¥87,474,797.24[26] Investments and Subsidiaries - The company established a wholly-owned subsidiary in Dubai with an investment of 150,000 dirhams to support its overseas business expansion[18] - The company has not reported any related party transactions or significant asset restructuring in the establishment of the Dubai subsidiary[18] - The company plans to sell 293,901,542 shares of Minsheng Securities for a total price of RMB 767.8054 million, receiving 68,738,175 shares of Guolian Securities as consideration[16] - The company has completed the registration of the new shares with China Securities Depository and Clearing Corporation Limited, Shanghai Branch[17] Financial Ratios and Metrics - The weighted average return on equity decreased to 0.16% from 2.35% in the same period last year[4] - The company reported a significant increase in financial expenses, which rose by 4782.44% to ¥8,025,238.26 due to increased service fees related to government subsidies[10] - The company reported a financial expense of ¥8,025,238.26, significantly higher than ¥164,369.31 in the previous period[26] - Deferred income tax assets rose to ¥449,167,373.98, an increase of 19.1% from ¥376,902,309.49[24] Inventory and Receivables - The company's accounts receivable increased to RMB 1,479,585,450.44 from RMB 1,359,296,476.29, reflecting a growth of approximately 8.8%[22] - Inventory decreased to RMB 436,259,170.58 from RMB 586,015,120.18, indicating a reduction of about 25.6%[22] - The company’s trading financial assets decreased to RMB 859,801,657.76 from RMB 1,757,895,164.31, a decline of approximately 51%[22] - The company’s prepayments increased to RMB 66,242,741.69 from RMB 60,095,217.36, showing an increase of about 10.0%[22]

Investment Rating - Industry rating: Recommended [4] Core Views - The report highlights a positive outlook on domestic demand recovery, driven by supportive policies and improving real estate data [2][3] - The retail sector shows significant recovery, with March retail sales growth at 5.9%, surpassing expectations [1][6] - The report emphasizes the potential for the home furnishing sector to rebound due to policy support and consumer demand [3][7] Summary by Sections Retail Data - In the first three months of 2025, total retail sales increased by 4.6% year-on-year, with March showing a 5.9% increase, exceeding the consensus forecast of 4.36% [1] - Specific categories such as furniture, cultural office supplies, cosmetics, and gold and silver jewelry saw growth rates of 18.1%, 21.7%, 3.2%, and 6.9% respectively [1] - Online retail sales growth was recorded at 7.9% in the first quarter, indicating a steady increase in online consumption [6] Real Estate Data - National residential new construction area, completion area, sales area, and development investment completed in the first three months of 2025 showed declines of 23.9%, 14.7%, 2.0%, and 9.0% respectively [1] - In March, the new construction area and completion area declined by 18.6% and 8.1% year-on-year, while the sales area decreased by 1.2% [1][2] Policy Impact - The government has released favorable signals to stabilize the real estate market, including measures to optimize housing provident fund policies [2][3] - The "Consumption Promotion Special Action Plan" emphasizes support for upgrading consumer goods, which is expected to stimulate demand in the home furnishing sector [3][7] Investment Recommendations - For the home furnishing sector, the report recommends companies like Oppein Home, Kuka Home, and others, anticipating steady growth driven by policy support and consumer demand [7] - In the cultural office supplies sector, it suggests Morning Glory Co., which is expected to benefit from collective procurement policies [7] - The cosmetics sector is highlighted for its potential growth, recommending domestic brands like Runben and Pechoin [7] - Gold and silver jewelry consumption is expected to remain strong, with recommendations for companies like Laopu Gold [7]

Investment Rating - The report provides a positive investment outlook for various sectors, particularly recommending companies in the home furnishing, new tobacco, light consumer goods, and paper packaging industries [5][23][24][26]. Core Insights - The home furnishing sector is expected to stabilize with the introduction of consumer subsidies, leading to improved order intake for many companies [5][19]. - New tobacco products, particularly from Smoore International, are anticipated to benefit from market expansion despite tariff challenges [23]. - The paper packaging industry is facing high pulp inventory levels, which may slow down profit recovery, but consolidation efforts are expected to improve competition [24]. - The light consumer goods sector, especially in pet products, is likely to see accelerated domestic brand growth due to increased tariffs on imports [26]. Summary by Sections Home Furnishing Sector - Domestic sales are improving as consumer subsidies are rolled out, with expectations for further stimulus policies [5][19]. - Companies like Gujia Home and Sophia are highlighted for their strong market positions and growth potential [5][19]. - Export challenges due to increased tariffs are noted, but companies with strong domestic sales channels are expected to perform well [5][19]. New Tobacco - Smoore International is positioned to adapt to tariff impacts due to its production capabilities in Indonesia [23]. - The electronic cigarette market is expected to maintain consumer demand despite potential price increases from tariffs [23]. - The overall market for compliant brands is projected to expand, providing growth opportunities [23]. Paper Packaging - High pulp inventory levels are suppressing price increases, with a slow recovery in profitability expected [24][25]. - The acquisition of Zhongliang Packaging by Aorijin is expected to enhance competitive dynamics in the industry [24]. - The introduction of new consumer electronics subsidies is anticipated to benefit leading packaging companies [24]. Light Consumer Goods - The pet food market is expected to see a shift towards domestic brands as tariffs on imports increase [26]. - Companies like Guibao Pet are positioned to capture market share due to their competitive pricing and product quality [26]. - The AI glasses segment is highlighted for its growth potential, with recommendations to focus on key supply chain players [26].

2025年3月15日，在中国消费者协会"共铸诚信 提振消费"国际消费者权益日主题活动中，索菲亚家居集团凭借卓越的综合实力荣膺"3·15放心消费品牌"称 号，并成为"广东3·15消费维权 【下载黑猫投诉客户端】打假工程共建单位"。而作为索菲亚家居十年战略合作伙伴的炬森精密，亦在活动现场获颁"2024 年度优秀供应商"殊荣。这一荣誉不仅是对炬森五金产品力与服务力的高度认可，更标志着双方十年合作从"供应链协同"迈向"品质生态共建"的新阶段。 十年同行：从"制造"到"质造"的协同跃迁自2015年开启合作以来，炬森精密与索菲亚家居始终以"技术驱动品质升级"为合作内核，共同见证并推动了中国 定制家居行业从规模扩张向高质量发展的转型。作为索菲亚家居核心五金供应商，十年间，双方通过技术共研、标准共建、服务共担，打造了"品质共 生"的行业范本。 市场监督管理总局处长王卫东在大会中特别指出："行业标准是规范市场秩序、促进行业健康发展的重要保障，市场监管总局将积极推动像中国定制家5A 标准，推动行业持续创新和提高消费者满意度，让'中国定制'有标可循、有质可鉴，也让世界向'中国标准'看齐。" 荣誉背后："更耐用更省心"的价值锚点"优 ...

Group 1 - The Ministry of Industry and Information Technology, Ministry of Education, and State Administration for Market Regulation have issued a plan to support key enterprises in the home appliance and furniture industries to develop AI application scenarios [1] - In the first two months of 2023, the furniture manufacturing industry in China reported a total profit of 3.41 billion yuan, a year-on-year decrease of 29.7% [2] - The 14th Guangzhou Custom Home Furnishing Exhibition and Light High-end Exhibition has opened, featuring over 800 brands and covering the entire custom home furnishing industry chain [3] Group 2 - The 55th China Home Expo (Guangzhou) for office commercial and equipment supply has commenced, showcasing the latest global office space solutions [4] - Tutu Technology Co., Ltd. has successfully listed on the New Third Board, focusing on precision hardware solutions for the home furnishing sector [5] - Beike has launched its full-case renovation 4.0 model in Guangzhou, enhancing the home decoration experience through a comprehensive service approach [6] Group 3 - Red Star Macalline is developing an outlet model space exceeding 20,000 square meters, featuring over 70 home brands [7] - Huari Home has signed a strategic cooperation agreement with Nanyang Hushi to operate under a dual-brand model [8] - Dream Lily has opened its first fully smart bed hotel in Shanghai, integrating technology and design for a unique guest experience [9] Group 4 - Lin's Home has released a white paper on home health relaxation methods in collaboration with Keep and iResearch, emphasizing the evolving role of home spaces [10] - Sophia has launched a national channel flow cultivation strategy and the "1+N+X" model to enhance market penetration [11] - Ruli Wood has introduced a new formaldehyde-free PP board technology at the Guangzhou Custom Home Furnishing Exhibition [12] Group 5 - DTC Dongtai has unveiled the C82 hinge series in partnership with athlete Su Bingtian, showcasing innovative features for home spaces [13] - Shini Man and Fan Ke have launched the "Star Selection Home Decoration Alliance," focusing on high-quality materials and a transparent delivery experience [14]