Financial Performance - In Q1 2025, the company achieved a revenue of 994 million RMB, remaining stable compared to the same period last year, while net profit decreased year-on-year due to product price adjustments [2] - The total period expenses decreased by 11.27% year-on-year, with sales expense ratio and management expense ratio dropping by 2.25 and 1.42 percentage points respectively [3][6] Market Strategy - The company plans to capture opportunities in the existing housing market and renovation sector by enhancing retail channels and launching new product lines, including the "Cream Style" and "Light Luxury Style" series [3] - In 2024, the company added 188 retail stores and was recognized as a key promoter in the "Home Decoration Industry Replacement Action" [3] Policy Impact - The national home decoration subsidy policy has stimulated demand for tiles and sanitary products, with coverage extending to over 260 cities, leading to increased sales and improved online transaction values [4] - The company actively participated in the spring promotion week, launching new products to meet consumer demands for high-quality living [4] Industry Outlook - According to the China Building Sanitary Ceramics Association, the national ceramic tile production in 2024 is projected to be 5.91 billion square meters, with a decrease in the number of large-scale enterprises [5] - The industry is expected to face challenges from market demand fluctuations, energy consumption policies, and increased competition, while opportunities arise from the growing renovation market and supportive policies [5] Growth Drivers - The company aims for growth through innovation, lean operations, digital empowerment, and green development strategies [5] - The focus on high-margin business development and the introduction of high-end brands, such as DPI CASA, are part of the company's strategy to enhance its market position [6]

Group 1 - The company achieved a total operating revenue of 6.469 billion yuan in 2024, with net profit attributable to shareholders of 328 million yuan and a net cash flow from operating activities of 859 million yuan [1][2] - The company plans to distribute a cash dividend of 2.50 yuan per 10 shares, amounting to approximately 283 million yuan, which represents 86% of the net profit attributable to shareholders for 2024 [1][2] - The company has maintained a strong financial position with cash and cash equivalents of 3.215 billion yuan and a debt-to-asset ratio of 36.29%, down 1.67 percentage points year-on-year [1][2] Group 2 - The company has seen a 10.19% year-on-year increase in revenue from its large retail business in the first quarter of 2025, driven by product innovation and refined operations [2][3] - The total expenses for the company decreased by 11.27% year-on-year, with sales and management expense ratios dropping by 2.25 and 1.42 percentage points, respectively [2][3] - The company is focusing on high-margin segments and has adjusted its business structure to concentrate resources on profitable areas, leading to improved profit quality [2][3] Group 3 - The company has expanded its retail network by adding 188 new stores in 2024, primarily through existing distributors [2][3] - The company has been recognized as a key promoter in the building materials industry for its "old-for-new" policy, which has significantly stimulated consumer demand for tiles [2][3] - The company is actively exploring investments in high-end equipment manufacturing and new-generation information technology through its investment platform [1][2]

根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指引 第 9 号——回购股份（2023 年修订）》等相关规定，回购股份占上市公司总股本 的比例每增加百分之一，应当在事实发生之日起三个交易日内予以披露；每个月 的前三个交易日内披露截至上月末的回购进展情况。现将回购股份进展情况公告 如下: 证券代码：003012 证券简称：东鹏控股 公告编号:2025-036 广东东鹏控股股份有限公司 关于回购股份比例达到1%暨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。 广东东鹏控股股份有限公司（以下简称"公司"）于2024年11月18日召开第 五届董事会第十三次会议，审议通过了《关于以集中竞价交易方式回购公司股份 方案的议案》，公司拟使用自有资金及回购专项贷款以集中竞价交易方式回购公 司股份，回购总金额不低于人民币10,000万元（含）且不超过20,000万元（含）， 回购价格不超过9.08元/股。具体情况详见公司于2024年11月19日披露的《关于 以集中竞价交易方式回购公司股份方案暨取得回购专项贷款承诺函的公告》（公 告编号：2024 ...

Group 1 - The overall market outlook for 2025 is expected to fluctuate at a relatively low level, with potential improvements driven by government policies in real estate, stimulating domestic demand, and consumption [1] - The company adopts a proactive approach in the competitive stock market, leveraging its extensive retail channel layout and relatively flat distributor advantages to enhance market presence and empower distributors [1] - Collaboration with leading companies in the integrated channel aims to reduce costs and improve gross margins through service efficiency [1] Group 2 - The company is cautious regarding engineering projects related to real estate, focusing on driving growth for distributors in niche markets such as healthcare, wellness, and hotel commercial chains [1] - The "old-for-new" national subsidy program is a key strategy for the company to capture market share during downturns, benefiting from quick response and strong execution capabilities to intercept traffic and expand customer orders [1]

投资者关系活动记录表 编号：2025-02 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系 | □媒体采访 业绩说明会 | | 活动类别 | □新闻发布会 ☑路演活动 | | | □现场参观 ☑其他（线上电话交流） 广发证券、中泰证券、大成基金管理有限公司、富国基金管理有限公司、工银瑞信 | | | 基金管理有限公司、嘉实基金管理有限公司、国联基金管理有限公司、景顺长城基 金管理有限公司、华商基金管理有限公司、国泰基金管理有限公司、天弘基金管理 有限公司、泉果基金管理有限公司、深圳市中欧瑞博投资管理股份有限公司、东兴 | | | 基金管理有限公司、华泰资管、高熵资管、太平资产管理有限公司、中英人寿保险 | | | 有限公司、上海国赞私募基金管理合伙企业(有限合伙)、工银理财有限责任公司、 | | 参与单位名称 | 上海景熙资产管理有限公司、上海国际信托有限公司、中信证券股份有限公司、深 | | 及人员 | 圳前海百创资本管理有限公司、长江养老保险股份有限公司、上海申宸私募基金管 | | | 理合伙企业（有限合伙）、中国人寿保险股份有限公司、中意资产管理有限责任公 | | ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [7]. Core Views - The company achieved an annual revenue of 6.5 billion yuan, a year-on-year decrease of 17%, and a net profit attributable to shareholders of 330 million yuan, down 54% year-on-year [2][4]. - In the first quarter, the company reported a revenue of 1 billion yuan, a decline of 2% year-on-year, with a net profit of -30 million yuan, a decrease of 164% year-on-year [2][4]. - The ongoing price war in the industry is expected to continue, with a significant impact on profitability and revenue [11]. Summary by Sections Financial Performance - The company's revenue for 2024 is projected to decline by 17%, with tile revenue down 18% due to weak terminal demand and a 9% decrease in tile sales volume [11]. - The average price of tiles fell by approximately 10%, while production costs decreased by 7%, leading to a decline in gross margin from 33.5% in 2023 to 31.0% in 2024 [11]. - The net profit margin for 2024 is estimated to be around 5.1%, down 4.2 percentage points year-on-year [11]. Market Conditions - The first quarter showed a slight recovery in revenue decline, but profitability remains under pressure due to the ongoing price war [11]. - The construction area is expected to decline by about 28% in 2024, impacting overall demand in the industry [11]. Future Projections - The company is expected to achieve net profits of approximately 340 million yuan and 480 million yuan in 2025 and 2026, respectively, corresponding to valuation multiples of 21 and 15 times [6]. - The cash flow performance is strong, with a net cash flow from operating activities of 860 million yuan in 2024 [11]. Industry Dynamics - The supply side of the tile industry is experiencing significant exits, with production expected to decrease by 12% in 2024 compared to previous years [11]. - Environmental policies are pushing the industry towards green production and smart manufacturing, which may further influence supply dynamics [11].

证券代码：003012 证券简称：东鹏控股 公告编号:2025-035 朱端明先生任职期间分管公司人资运营平台，积极推动公司完善人力资源管 理体系和组织效能提升，助力公司实现运营成本和效率持续优化。公司及董事会 对其在任职期间的工作给予充分肯定，对朱端明先生为公司发展做出的贡献表示 衷心感谢！ 特此公告。 广东东鹏控股股份有限公司董事会 二〇二五年四月二十八日 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。 广东东鹏控股股份有限公司（以下简称"公司"）董事会于 2025 年 4 月 19 日披露了《关于调整部分高级管理人员的公告》（公告编号：2025-031）。现将 有关信息补充公告如下： 朱端明先生的离任，系公司基于其因个人原因及未来职业规划于 2025 年 3 月 17 日主动提出的申请、结合公司经营管理情况所作出的审慎决策，朱端明先 生与公司董事会及管理层始终保持着良好的沟通协作，不存在歧见或未决事项。 广东东鹏控股股份有限公司 关于调整部分高级管理人员的补充公告 ...

Core Viewpoint - The company reported stable operating performance in the first quarter of 2025 despite industry challenges, with revenue remaining flat year-on-year and a decrease in net profit due to price adjustments in the previous year [4][5]. Financial Data - The company achieved operating revenue of 994 million yuan in the first quarter, which is approximately the same as the previous year [4]. - Net profit decreased compared to the same period last year, influenced by a decline in product prices [4][5]. - The company reported a non-recurring loss of 277,000 yuan related to employee compensation for factory relocation [3]. Operational Strategies - The company focused on channel optimization and cost control, leading to an 11.27% reduction in total expenses year-on-year [5]. - The retail business for tiles saw a revenue increase of 10.19% year-on-year, driven by product innovation and a response to national policies promoting home renovation [5]. Shareholder Information - As of the end of the reporting period, the company repurchased 6,038,900 shares, accounting for 0.52% of the total share capital, with a total transaction amount of approximately 36.25 million yuan [6]. Board Meeting - The company's board of directors held a meeting on April 25, 2025, where they unanimously approved the first quarter report and the 2024 ESG report [10][12].

2024 广东东鹏控股股份有限公司 环境、社会及管治（ESG）报告 2024 Environmental, Social and Governance (ESG) Report 目录 | | | | 01 | 02 | | 03 | | 04 | | 05 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 责任担当，百年东鹏 | | 绿色融合，美好人居 | | 匠心品质，用户至上 | | 携手前行，鹏翼未来 | | 秉承初心，社区共融 | | 22 公司治理 | 36 | 环境合规 | 58 | 创新驱动 | 92 | 合规雇佣 | | 118 文化可持续 | | 26 风险管理 | 39 | 能源使用 | 68 | 产品品质 | 100 | 员工培训与发展 | | 122 社会贡献 | | 30 商业道德 | 44 | 资源管理 | 74 | 负责任供应链 | 106 | 员工权益与关怀 | | 124 乡村振兴 | | 32 数据安全与客户隐私保护 | 46 | 污染物排放 | 86 | 客户服务 | 111 | 职业健康与安全 | ...

证券代码：003012 证券简称：东鹏控股 公告编号:2025-032 广东东鹏控股股份有限公司 第五届董事会第十六次会议决议公告 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 广东东鹏控股股份有限公司（以下简称"公司"）第五届董事会第十六次会 议于2025年4月25日以通讯表决方式召开，会议通知于2025年4月17日以书面或电 子邮件方式发出。本次会议应出席董事9名，实际出席董事9名，出席董事占东鹏 控股全体董事人数的100%。本次会议符合《公司法》等有关法律、行政法规、部 门规章、规范性文件和《公司章程》的规定，会议合法有效。 二、董事会会议审议情况 经与会董事认真审议，以记名投票表决方式通过了以下议案： 1、审议通过了《关于 2025 年第一季度报告的议案》。 公司《2025 年第一季度报告》披露于《中国证券报》《证券时报》《上海 证券报》《证券日报》和巨潮资讯网（www.cninfo.com.cn）。 表决结果：同意 9 票，占全体董事人数的 100%；反对 0 票；弃权 0 票。 2、审议通过了《2024 年环境、社会及管治 ...