Investment Rating - The report maintains a "Recommendation" rating for the building materials industry [2] Core Views - The real estate policy continues to stabilize, which is expected to support the recovery of leading companies in the consumption building materials sector [14][15] - The cement market is experiencing continued low demand and overall price decline, with a national average shipment rate of 43.4% [11][21] - The float glass market is facing price declines and weak supply-demand support, with a current average price of 1174 RMB/ton [12][21] - The fiberglass market shows stable pricing for alkali-free roving, while electronic yarn prices remain steady [13] Summary by Sections Industry Dynamics - The cement market saw a price drop of 1.1% this week, with significant declines in various regions, while some areas like Jilin and Henan experienced slight price increases [11][21] - The float glass market's average price decreased by 7.14 RMB/ton, with a total production of 1.0909 million tons this week, reflecting a year-on-year decline of 8.2% [12][21] - The fiberglass market remains stable, with prices for alkali-free roving around 3500-3600 RMB/ton, while electronic yarn prices are expected to remain stable due to tight supply [13] Consumption Building Materials - The real estate policy is expected to drive demand for high-quality building materials, with the "Good House" national standard promoting industry transformation [14][15] - The report highlights the potential for recovery in the consumption building materials sector, particularly for leading companies [15] Recommended Stocks - Key recommended stocks include Weixing New Materials, Keda Manufacturing, Mona Lisa, Beixin Building Materials, Keshun Co., Dongpeng Holdings, with a focus on companies like China National Materials and Tianan New Materials [16][18]

证券代码：003012 证券简称：东鹏控股 公告编号:2025-057 广东东鹏控股股份有限公司 关于获得适老化产品认证证书的公告 近日，广东东鹏控股股份有限公司（以下简称"公司"）获得由中国国检测 试控股集团股份有限公司（以下简称"国检集团"）认证和签发的《适老化产品 认证证书》，公司研发生产的净奢石系列墨丽塔、意大利浅咖瓷砖产品获得适老 化产品认证，公司成为行业内首家获得该机构适老化产品认证的企业。现将公司 本次获得认证的具体情况公告如下： 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、本次获得的《适老化产品认证证书》的主要内容 1、证书编号：10925P11064ROL 2、制造商名称及地址：广东东鹏控股股份有限公司 广东省清远市高新技术开发区陶瓷工业城内 3、生产企业名称及地址：清远纳福娜陶瓷有限公司 广东省清远市清城区源潭镇松塘村打石坳 4、认证单元：地面陶瓷砖 E≤0.5% 5、产品名称：仿古砖 YF*、仿古砖 YS* 6、认证模式：抽样检验+初始工厂检查+获证后监督 7、产品标准和技术要求：CTS 07022-2025《适老化产品评价技术规 ...

一、回购公司股份的具体情况 截至 2025 年 6 月 30 日，公司通过股票回购专用证券账户以集中竞价方式累 计回购公司股份 15,666,500 股，占公司目前总股本的 1.35%，最低成交价为 5.65 元/股,最高成交价为 6.28 元/股，成交总金额为 95,287,091.00 元（不含交易费 用）。 本次回购符合相关法律法规的要求，符合既定的回购股份方案。回购价格未 超过回购方案中拟定的上限。本次回购股份的资金来源为自有资金及回购专项贷 款，2025 年 1 月 15 日公司与中国工商银行股份有限公司佛山石湾支行签订了 《上市公司股票回购借款合同》，借款金额不超过人民币 14,000 万元，具体情况 详见公司于 2025 年 1 月 17 日披露的《关于与金融机构签订股票回购借款合同的 公告》（公告编号:2025-008），该回购专项贷款按照回购实施进度分次提款到位。 证券代码：003012 证券简称：东鹏控股 公告编号:2025-056 广东东鹏控股股份有限公司 关于回购公司股份的进展公告 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。 广东东 ...

Group 1 - The 39th China International Ceramic Industry Exhibition recently opened in Guangzhou, where Dongpeng Holdings received multiple honors, including the first prize of the China Light Industry Federation Science and Technology Progress Award [1] - Dongpeng Holdings was recognized for its research project on "Digital Decoration Technology and Key Materials for Ceramic Surfaces," which highlights its innovation in digital non-contact printing technology [1] - The company was also awarded as a "Leading Enterprise in Digital Transformation of the Ceramic Industry," and its Vice Chairman and President, He Ying, was recognized as an "Advanced Individual in Digital Transformation" [1] Group 2 - Dongpeng Holdings, established in 2011 and headquartered in Qingyuan, Guangdong, focuses on the research, production, and sales of ceramic tiles and bathroom products [2] - The company is committed to its strategy of "Digital Drive, Intelligent Manufacturing for the Future," aiming to complete the construction of a full-process QMS quality management system in the ceramic industry by 2024 [2] - Dongpeng Holdings plans to create a cluster of smart factories in Chongqing, Jiangmen, and Jiangxi, utilizing advanced automated production lines for intelligent production across all categories of tiles and bathroom products [2] - The exhibition showcased advancements in digital decoration technology and intelligent production management within the ceramic industry, with Dongpeng Holdings aiming to seize opportunities from the upgrades in intelligence, high-end, and green development [2]

Core Insights - The Chinese smart toilet industry is rapidly developing and becoming an important part of the smart home sector, offering features such as heated seats, warm water washing, and automatic lid opening, enhancing user comfort and hygiene [1][8] - The market size for smart toilets in China reached 33.8 billion yuan in 2023, with a year-on-year growth of 6.4%, and sales volume reached 11.38 million units, up 18.0% [1][8] - Despite a projected contraction in market size in 2024 due to various factors, the long-term trend remains positive with increasing market penetration [1][8] Industry Overview - Smart toilets integrate electronic control systems for various functions, categorized into integrated and split designs, and can be further divided by heating methods and flushing types [2][3] - The industry has evolved from foreign brand dominance in the 1990s to a phase of domestic innovation, with significant growth observed from 2016 to 2020, where the compound annual growth rate exceeded 30% [4][8] Market Dynamics - The smart toilet market is experiencing a shift towards online sales channels, with e-commerce platforms becoming the primary sales avenue [12] - The competitive landscape features foreign brands dominating the high-end market, while domestic companies focus on mid-range products, and internet companies target the low-end market [16][18] Future Trends - The industry is moving towards high-quality development, with a focus on health monitoring and IoT integration, as well as personalized and elderly-friendly products [20][22] - The export market is expanding, particularly to countries along the "Belt and Road" initiative, creating new opportunities for growth [23]

Core Viewpoint - HSG Growth I Holdco B, Ltd. and Beijing Sequoia Kunda Investment Management Center (Limited Partnership) plan to reduce their shareholding in Guangdong Dongpeng Holdings Co., Ltd. by a total of up to 1.00% of the company's total share capital, which amounts to 11,253,061 shares, through various trading methods within a specified period [2][3]. Group 1: Shareholding Reduction Plan - The shareholders HSG Holdco B and Shanghai Zhede plan to reduce their holdings of 33,933,743 shares (3.0155% of total shares) and 35,292,367 shares (3.1362% of total shares) respectively [2]. - The reduction will occur through centralized bidding or block trading, with a maximum reduction of 1.00% of the total share capital (11,253,061 shares) [2]. - The reduction period is set from June 4, 2025, to September 3, 2025, which is 15 trading days after the announcement [2]. Group 2: Progress of Shareholding Reduction - From June 5, 2025, to June 23, 2025, HSG Holdco B and Shanghai Zhede collectively reduced their shares by 7,749,539 shares [3]. - As of the announcement date, their combined shareholding ratio decreased to 5.0000% based on the total share capital of 1,156,981,158 shares [3]. - If calculated by excluding the shares in the company's repurchase account, their combined shareholding ratio would be 5.1508% [3]. Group 3: Shareholder Status - HSG Holdco B and Shanghai Zhede are not the largest shareholders or actual controllers of the company, and this equity change does not involve a change in control [4]. - Although they have not signed a concerted action agreement, they consider their overlapping investment decision committee members as a basis for compliance with relevant regulations [4]. - The shareholders have decided to merge their holdings for disclosure purposes to ensure compliance with regulations regarding concerted actions [4].

Core Viewpoint - The report details the equity change of Guangdong Dongpeng Holdings Co., Ltd., indicating a reduction in shareholding by HSG Growth I Holdco B, Ltd. and Shanghai Zhede Investment Center (Limited Partnership), resulting in their combined ownership falling below 5% of the company's total shares [1][6][10]. Group 1: Equity Change Details - The equity change was executed due to the funding needs of the information disclosing parties, leading to a decrease in their shareholding [6]. - As of the report signing date, the information disclosing parties had collectively reduced their holdings by 35,799,943 shares, bringing their total ownership to 57,849,010 shares, which is 5% of the total issued shares [7][10]. - The reduction in shareholding was conducted through centralized bidding and block trading from February 14, 2023, to June 23, 2025 [10][14]. Group 2: Future Plans and Compliance - The information disclosing parties plan to continue reducing their holdings within the next 12 months, adhering to relevant laws and regulations [6][10]. - The report confirms that the information disclosing parties have not engaged in any other means to increase or decrease their shareholdings outside of the disclosed transactions [2][6]. - The parties have committed to comply with disclosure obligations in case of any further equity changes [6][10].

广东东鹏控股股份有限公司 简式权益变动报告书 上市公司名称：广东东鹏控股股份有限公司 股票上市地点：深圳证券交易所 股票简称：东鹏控股 股票代码：003012 信息披露义务人 1：HSG Growth I Holdco B, Ltd. 主要负责人：Ip Siu Wai Eva 注册地址：PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands 通讯地址：香港金钟道 88 号太古广场二座 3613 室 信息披露义务人 2：上海喆德投资中心（有限合伙） 执行事务合伙人：宁波梅山保税港区红杉荟德投资管理合伙企业（有限合伙） 注册地址：中国（上海）自由贸易试验区富特北路 211 号 302 部位 368 室 通讯地址：北京市朝阳区建国路 77 号华贸中心写字楼 3 座 3606 权益变动性质：股份减少，持股比例降至 5%以下 签署日期：2025 年 6 月 23 日 1 信息披露义务人声明 一、本报告书系信息披露义务人依据《中华人民共和国公司法》、《中华人 民共和国证券法》、《上市公司收购管理办法》、《证券期货法律适用意见第19 号——<上市公司 ...

证券代码：003012 证券简称：东鹏控股 公告编号：2025-055 广东东鹏控股股份有限公司 根据《上市公司股东减持股份管理暂行办法》、《深圳证券交易所上市公司 自律监管指引第 18 号——股东及董事、高级管理人员减持股份》等相关规定， 现将 HSG Holdco B、上海喆德权益变动的具体情况公告如下： 一、本次权益变动情况 HSG Holdco B、上海喆德减持股份的具体情况如下： 关于股东权益变动至5%以下并触及1%的提示性公告 公司股东HSG Growth I Holdco B, Ltd.、北京红杉坤德投资管理中心（有 限合伙）－上海喆德投资中心（有限合伙）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。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 广东东鹏控股股份有限公司（以下简称"公司"）于 2025 年 5 月 12 日披露 了《关于公司股东减持股份的预披露公告》（公告编号 2025-037，以下简称"减 持计划""预披露公告"），分别持有本公司股份 33,933,743 股和 35,292,367 股（占公司总股本的比例分别为3.0155% ...

东鹏控股（003012）公告，股东HSG Growth I Holdco B,Ltd.和北京红杉坤德投资管理中心(有限合伙)-上 海喆德投资中心(有限合伙)自2025年6月5日至2025年6月23日通过集中竞价和大宗交易方式合计减持公 司股份774.95万股，占公司总股本的0.6698%。截至公告披露日，两股东合计持股比例降至5.0000%。此 次减持符合此前披露的减持计划，未违反相关法律法规。 ...