Financial Performance - The company's operating revenue for Q1 2025 was ¥194,346,886.95, a decrease of 23.86% compared to ¥255,260,613.03 in the same period last year[5] - The net profit attributable to shareholders was -¥32,502,833.14, representing a decline of 51.09% from -¥21,512,730.42 year-over-year[5] - The net cash flow from operating activities was -¥110,301,831.19, a decrease of 65.63% compared to -¥66,595,477.24 in the previous year[5] - The company's basic earnings per share were -¥0.0408, a decrease of 24.77% from -¥0.0327 in the same period last year[5] - Total operating revenue decreased to ¥194,346,886.95 from ¥255,260,613.03, representing a decline of approximately 23.9% year-over-year[22] - Net profit for the period was a loss of ¥32,310,104.43, compared to a loss of ¥21,441,493.33 in the previous period, indicating a worsening of approximately 50.5%[23] - Operating cash inflow from sales was ¥178,735,177.52, down from ¥273,202,473.82, a decrease of about 34.7% year-over-year[25] - The company's total liabilities decreased to ¥1,309,189,563.77 from ¥1,478,858,872.99, a reduction of about 11.5%[20] - The company reported a basic and diluted earnings per share of -0.0408, compared to -0.0327 in the previous period, indicating a decrease in earnings performance[24] Asset and Equity Changes - Total assets at the end of the reporting period were ¥3,540,377,195.85, down 5.40% from ¥3,742,356,609.49 at the end of the previous year[5] - The total equity attributable to shareholders decreased by 1.44% to ¥2,225,573,407.31 from ¥2,258,076,240.45 at the end of the previous year[5] - Cash and cash equivalents decreased from RMB 967,956,463.37 to RMB 485,452,922.16, a decline of approximately 50%[19] - The total assets decreased from RMB 3,742,356,609.49 to RMB 3,540,377,195.85, reflecting a reduction of about 5.4%[19] - The total current liabilities decreased from RMB 350,207,045.55 to RMB 300,540,957.21, a decrease of approximately 14.2%[19] - Total equity attributable to shareholders decreased to ¥2,225,573,407.31 from ¥2,258,076,240.45, a decline of approximately 1.4%[20] Cash Flow and Financing Activities - The net cash flow from operating activities was -$110.30 million, compared to -$66.60 million in the previous period, indicating a decline in operational cash generation[26] - The total cash inflow from investment activities was $2.41 billion, up from $1.48 billion, while cash outflow for investment activities increased to $2.71 billion from $1.82 billion, resulting in a net cash flow from investment activities of -$296.13 million[26] - Cash inflow from financing activities was $30.00 million, a decrease from $190.00 million, while cash outflow increased to $6.04 million from $337.55 million, leading to a net cash flow from financing activities of $23.96 million[26] - The net increase in cash and cash equivalents was -$382.47 million, compared to -$553.17 million in the previous period, reflecting an improvement in cash management[26] - The ending balance of cash and cash equivalents was $437.22 million, down from $644.46 million, indicating a significant reduction in liquidity[26] Expenses and Management - Management expenses increased by 52.04% year-over-year, primarily due to increased employee severance benefits[8] - Financial expenses decreased by 94.99% year-over-year, as the convertible bonds were redeemed in 2024, eliminating the need to accrue interest[8] - The company’s research and development expenses were ¥6,291,385.13, slightly down from ¥7,008,262.76, a decrease of about 10.2% year-over-year[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 44,149[14] - The largest shareholder, Del Group Limited, holds 44.76% of shares, amounting to 356,831,040 shares, with 150,000,000 shares pledged[14] - The company has repurchased 23,986,002 shares for a total amount of RMB 111,466,132.02, intended for the conversion of issued convertible bonds[16] - The company has not disclosed any related party relationships or concerted actions among the top shareholders[15] Future Outlook and Strategic Focus - The company is focused on improving cash flow management and reducing operational losses in the upcoming quarters[26] - There were no significant new product launches or technological advancements mentioned during the call, indicating a potential area for future growth[26] - The company is exploring market expansion opportunities, although specific strategies were not detailed in the report[26] - The company has not yet adopted the new accounting standards that will take effect in 2025, which may impact future financial reporting[27] - The first quarter report was not audited, which may affect the reliability of the financial data presented[27] Receivables and Asset Management - The company reported a 100% increase in receivables financing compared to the previous period, attributed to an increase in bank acceptance bills received[10] - The company experienced a 5825.20% increase in cash recovered from the disposal of fixed assets, intangible assets, and other long-term assets, due to gains from the sale of idle assets[12] - The inventory balance decreased from RMB 636,169,436.88 to RMB 616,897,288.23, a decline of approximately 3%[19] - The company has a total of RMB 287,357,288.50 in debt investments, down from RMB 423,205,982.93, a decrease of about 32%[19]

德尔未来（002631）公告，2025年第一季度营业收入1.94亿元，同比下降23.86%。净亏损3250.28万 元，去年同期净亏损2151.27万元。 ...

Group 1 - The renovation and building materials sector experienced a slight increase, closing at 11,851.20 points with a growth rate of 1.52% [1] - Several stocks in the renovation and building materials sector saw price increases, with Mengbaihe leading at 7.67 CNY per share, up 10.04% [1] - Gujia Home Furnishing and Filinger also showed significant gains, closing at 25.07 CNY per share (up 10.00%) and 7.14 CNY per share (up 5.93%) respectively [1] Group 2 - Dongwu Securities reported a recent easing of trade war sentiments, leading to a rally in the export sector [2] - The domestic political bureau meeting focused on implementing existing policies while preparing new monetary policy tools and promoting service consumption [2] - The real estate chain is nearing the end of its clearing phase, with a significant improvement in supply dynamics and stable demand expected through 2025 [2] - The report anticipates accelerated consumption in home appliances and furniture by Q4 2024 and Q3 2025, driven by trade-in subsidies [2] - The report recommends focusing on undervalued consumer leaders and expansion-oriented companies, while also considering infrastructure projects in central and western regions if external demand declines [2]

证券代码：002631 证券简称：德尔未来 投资者关系活动记录表 德尔未来科技控股集团股份有限公司 投资者关系活动记录表 编号：2025-001 - 2 - 投资者关系活动记录表 | 答：尊敬的投资者您好，公司 年实现营业总收 2024 | | --- | | 入 亿元，同比下降 15.25 21.11%，归属于上市公司股东的 | | 净利润亏损 万元，同比下降 381.85%，归属于上 8,952.15 | | 市公司股东的扣除非经常性损益的净利润亏损 亿元， 1.18 | | 同比下降 1,082.80%。2024 年，在房地产市场承压、市场 | | 消费不足、行业竞争愈发激烈等因素影响下，公司订单量 | | 较去年明显减少，营业收入同比下降 21%。由于订单收缩 | | 导致公司产能开工率不足，固定经营成本未能有效分摊， | | 公司本年综合毛利率下降 2%。面对复杂的内外部变化， | | 公司围绕核心优势领域，通过资源整合、技术创新与模式 | | 升级，进一步优化业务布局，同时，推行一系列降本、增 | | 效、提质工作，全年期间费用较上年同比下降 10%。感谢 | | 您对公司的关注。 | | 年扭亏 ...

Core Viewpoint - 德尔未来 has reported its third consecutive loss in five years, with significant declines in revenue and net profit, indicating severe challenges in the flooring and custom furniture sectors [1][2]. Group 1: Financial Performance - In 2024, the company's operating revenue was 1.525 billion yuan, a year-on-year decrease of 21% [1]. - The net profit attributable to shareholders was a loss of 89.52 million yuan, representing a year-on-year decline of 382% [1]. - The flooring business generated revenue of 1.012 billion yuan, accounting for 66.34% of total revenue, while the custom furniture segment brought in 500 million yuan, making up 52.71% of total revenue, with both segments combined accounting for 99.05% of total revenue [1]. Group 2: Industry Challenges - The decorative materials industry is experiencing overcapacity due to shrinking demand, affecting major competitors like 菲林格尔 and 大亚圣象, which have also reported losses and declining profits [1]. - The company has faced a significant reduction in order volume due to weak market consumption and intensified competition [1]. Group 3: Operational Issues - The custom furniture business has also reported losses, with 苏州百得胜 generating 500 million yuan in revenue, down 32.5% year-on-year, and a net loss of 61.68 million yuan compared to a profit of 14.44 million yuan in the previous year [2]. - The company's capacity utilization rate has dropped significantly, leading to a historical low gross margin of 20.79% and a net profit margin of -5.87% [2]. - Accounts receivable turnover has decreased to 9.21, marking a historical low, resulting in increased bad debt provisions of 37.69 million yuan, up 1.593 million yuan from 2023 [2]. Group 4: Asset and Control Issues - The company has significant restricted assets totaling 521 million yuan, including 148 million yuan in cash and 210 million yuan in other current assets, which are tied up in various guarantees and pledges [2]. - The actual controller of the company, 德尔集团, is facing legal issues, with 11.08 million shares frozen due to judicial reasons, representing 3.11% of its holdings and 1.68% of the company's total shares [3]. - Overall, the company is grappling with high leverage, failed diversification strategies, and the dual freeze of assets and shares, complicating its future outlook [3].

Performance Overview - The company reported a significant decline in overall performance for 2024, with total revenue of 1.525 billion yuan, a year-on-year decrease of 21.11% [2] - The net profit attributable to shareholders was -89.52 million yuan, down 381.85% year-on-year, while the net profit excluding non-recurring items was -118 million yuan, a decrease of 1082.8% [2] - The fourth quarter showed particularly poor performance, with total revenue of 396 million yuan, a year-on-year decline of 45.92% [2] Profitability Analysis - The company's profitability weakened significantly in 2024, with a gross margin of 20.79%, down 9.0% year-on-year [3] - The net profit margin was -5.56%, a decrease of 550.49% year-on-year, indicating challenges in cost control and profit levels [3] - Earnings per share were -0.13 yuan, a year-on-year decrease of 376.56% [3] Cash Flow Situation - The company's cash flow situation is concerning, with net cash flow from operating activities decreasing by 57.56%, and operating cash flow per share at 0.11 yuan, down 64.94% year-on-year [4] - The decline in cash flow is primarily due to reduced sales orders, leading to decreased cash received from sales of goods and services [4] - Cash flow from investment activities increased by 75.96%, while cash outflow from investment activities rose by 64.71%, and cash outflow from financing activities increased by 57.2% [4] Cost and Expenses - The company faced pressure in controlling costs and expenses, with total selling, administrative, and financial expenses amounting to 325 million yuan, representing 21.3% of revenue, an increase of 15.66% year-on-year [5] - This indicates an increase in operational costs, further compressing profit margins [5] Main Business Composition - The main sources of revenue for the company are flooring and custom home segments, accounting for 66.34% and 32.71% of total revenue, respectively [6] - The gross margin for flooring is 20.14%, while for custom home products, it is 21.09%, indicating stable margins but reduced income affecting overall profitability [6] Industry and Market Environment - In 2024, the global economic landscape is undergoing deep adjustments, with domestic economic pressures and new lows in the real estate sector negatively impacting the flooring and custom home industries [7] - The company is striving to enhance brand influence and market competitiveness through brand building and technological innovation, including launching the "Aomei" flooring brand and deepening collaborations with designers [7] Future Outlook - The company plans to continue focusing on the "big home" strategy and promote the digital, green, and customized transformation of the home industry, while accelerating the integration of graphene new materials with the home industry [8] - However, the company will face challenges in investment decisions, resource integration, and organizational management, along with risks from cyclical fluctuations in the real estate industry and intensified competition [8]

关于召开 2024 年年度股东大会的通知 证券代码：002631 证券简称：德尔未来 公告编号：2025-26 德尔未来科技控股集团股份有限公司 关于召开 2024 年年度股东大会的通知 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。 根据德尔未来科技控股集团股份有限公司（以下简称"公司"）第五届董事 会第二十五次会议决议，公司定于 2025 年 5 月 9 日（星期五）召开公司 2024 年年度股东大会，现将本次会议有关事项通知如下： 一、召开会议的基本情况 1、股东大会届次：2024 年年度股东大会 5、会议的召开方式：现场投票与网络投票相结合的方式 公司将通过深圳证券交易所交易系统和互联网投票系统向公司股东提供网 络形式的投票平台，股东可以在网络投票时间内通过上述系统行使表决权。 同一表决权只能选择现场投票、网络投票中的一种方式，如果同一表决权出 现重复投票表决的，以第一次投票表决结果为准。 - 1 - 关于召开 2024 年年度股东大会的通知 2、会议召集人：本次股东大会由公司董事会召集。本次股东大会的召开已 经公司第五届董事会第二十五次会议审议通过。 ...

第五届监事会第十三次会议决议公告 证券代码：002631 证券简称：德尔未来 公告编号：2025-11 德尔未来科技控股集团股份有限公司 第五届监事会第十三次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 德尔未来科技控股集团股份有限公司（以下简称"公司"）第五届监事会第 十三次会议于 2025 年 4 月 7 日以电话及电子邮件等方式发出会议通知，本次监 事会于 2025 年 4 月 17 日在公司以现场结合通讯方式召开。本次会议应出席监事 3 名，实际出席监事 3 名（其中：朱斌先生以通讯方式出席会议），会议由公司 监事会主席张芸先生主持。本次会议的召开符合《公司法》《公司章程》及《监 事会议事规则》等有关规定。 二、监事会会议审议情况 与会监事经过认真审议，通过了以下议案： （一）审议通过了《2024 年度监事会工作报告》 《2024 年度监事会工作报告》详见公司指定信息披露媒体巨潮资讯网 （http://www.cninfo.com.cn）。 本议案需提交公司 2024 年年度股东大会审议。 表决结果：3 票同意、0 票反对、0 票弃权。 ...

第五届董事会第二十五次会议决议公告 证券代码：002631 证券简称：德尔未来 公告编号：2025-10 德尔未来科技控股集团股份有限公司 第五届董事会第二十五次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，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 德尔未来科技控股集团股份有限公司（以下简称"公司"）第五届董事会第 二十五次会议于 2025 年 4 月 7 日以电话及电子邮件等方式发出会议通知，本次 董事会于 2025 年 4 月 17 日在公司以现场方式召开。本次会议应出席董事 7 名， 实际出席董事 7 名，公司监事及高级管理人员列席了会议，会议由公司董事长汝 继勇先生主持。本次会议的召开符合《公司法》《公司章程》及《董事会议事规 则》等有关规定。 二、董事会会议审议情况 与会董事经过认真审议，通过了以下议案： （一）审议通过了《2024 年度总经理工作报告》 表决结果：7 票同意、0 票反对、0 票弃权。 （二）审议通过了《2024 年度董事会工作报告》 公司独立董事向董事会提交了《独立董事 2024 年度述职报告》，并将在公 司 2024 年年度股东大会 ...

9/F. Block A. Fu Hua Mansion No.8. Chaoyangmen Beidajie Donacheng District, Beijing 100027 P R China 德尔未来科技控股集团股份有限公司 2024 年 12 月 31 日 内部控制审计报告 +86 (010) 6554 2288 联系申话: 信永中和会计师事务所| 北京市东城区朝阳门北大街 +86 (010) 6554 2288 8 号富华大厦 A 座 9 层 +86 (010) 6554 7190 内部控制审计报告 XYZH/2025BJAA5B0295 德尔未来科技控股集团股份有限公司 德尔未来科技控股集团股份有限公司全体股东: 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求,我们审计 了德尔未来科技控股集团股份有限公司(以下简称德尔未来)2024年12月31日财务报 告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企业内部控制评价指 引》的规定,建立健全和有效实施内部控制,并评价其有效性是德尔未来董事会的责任。 二、注册会计师的责任 ...