Core Insights - The Chinese whole-home smart industry is experiencing a growth trend in revenue, with a projected revenue of 211.85 billion in 2024, reflecting a growth rate of 10.6% [1] - The industry's sales gross margin shows a fluctuating trend, peaking at 34.8% in 2023 before declining to 33.5% in 2024 [2] - Inventory turnover rates are on a downward trend, decreasing from 5.14 times in 2020 to 4.64 times in 2024, attributed to changing consumer demands and rapid product updates [6] - Accounts receivable turnover rates have also shown a declining trend, from 17.53 times in 2020 to 15.23 times in 2024, indicating increasing management pressure [9] - The asset-liability ratio has fluctuated, decreasing to a low of 42.1% in 2022, then rising to 44.4% in the first half of 2025, reflecting dynamic adjustments in capital structure [11] Revenue Trends - The average revenue of representative companies in the Chinese whole-home smart industry is expected to grow significantly, reaching 211.85 billion in 2024, with a notable increase in the first half of 2025 at 116.69 billion [1] Profitability Analysis - The sales gross margin for the industry has shown volatility, starting at 33.9% in 2020, dropping to 32.2% in 2021, and then rising to 34.8% in 2023 before falling to 33.5% in 2024 [2] Inventory Management - The inventory turnover rate has decreased from 5.14 times in 2020 to 4.64 times in 2024, influenced by diverse consumer preferences and concerns over product depreciation [6] Accounts Receivable Management - The accounts receivable turnover rate has declined from 17.53 times in 2020 to 15.23 times in 2024, reflecting increased challenges in managing receivables [9] Capital Structure - The asset-liability ratio has shown a downward trend to 42.1% in 2022, followed by a rise to 44.4% in the first half of 2025, indicating changes in the industry's capital structure [11]

Group 1 - The core point of the article is the announcement by Anjubao regarding the election of Fan Wenmei as the employee representative director of the company's sixth board of directors [2]

Group 1 - The core point of the article is that Anjubao (SZ 300155) held its 13th meeting of the 6th Board of Directors on November 20, 2025, to discuss the adjustment of the Audit Committee members [1] - For the fiscal year 2024, Anjubao's revenue composition is 88.7% from industrial operations and 11.3% from other businesses [1] - As of the report date, Anjubao's market capitalization is 3.2 billion yuan [1]

证券代码：300155 证券简称：安居宝 公告编号：2025-038 广东安居宝数码科技股份有限公司 第六届董事会第十三次会议决议公告 本公司及董事会全体人员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 一、董事会会议召开情况 广东安居宝数码科技股份有限公司（以下简称"公司"）第六届董事会第十 三次会议于 2025 年 11 月 20 日上午 10:30 在公司五楼会议室以现场的方式召开。 会议通知于 2025 年 11 月 17 日以专人送达、电话、传真、电子邮件等方式发给 各位董事。会议应到董事 5 人，实到董事 5 人。会议由公司董事长张波先生召集 和主持，部分高级管理人员列席了会议。会议的召集和召开程序符合《中华人民 共和国公司法》及《公司章程》的规定。 二、董事会会议审议情况 会议采取记名投票的方式进行表决，经与会的董事充分讨论与审议，会议形 成以下决议： 审议通过了《关于调整公司第六届董事会审计委员会委员的议案》 鉴于公司董事会成员调整，根据《公司法》、《公司章程》等相关规定，公 司董事会对审计委员会委员进行调整，任期与第六届董事会任期一致。调整后的 审计委员会成员 ...

关于变更董事、副总经理暨选举职工代表董事的公告 证券代码：300155 证券简称：安居宝 公告编号：2025-039 广东安居宝数码科技股份有限公司 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。 一、董事、副总经理辞职情况 公司董事会于 2025 年 11 月 20 日分别收到公司非独立董事李乐霓女士；副 董事长、副总经理张频先生的书面辞职报告（原定任期至 2027 年 3 月 26 日）。 因《公司法》、《关于新<公司法>配套制度规则实施相关过渡期安排》等相关规定 要求，公司治理结构进行调整，为符合《公司章程》关于董事会成员组成的相关 规定，李乐霓女士申请辞去公司第六届董事会非独立董事及董事会审计委员会委 员职务，辞职后其仍在公司任职；张频先生申请辞去副总经理职务，辞职后其仍 在公司担任副董事长职务。上述人员辞职后不会影响公司相关工作的正常运行。 截止本公告披露日，李乐霓女士直接持有公司股份 5,134,442 股，占公司总 股本 0.91%；张频先生直接持有公司股份 132,091,832 股，占公司总股本 23.54%, 上述两人皆不存在应当履行而未履 ...

Group 1 - The new urbanization concept is gaining strength, with companies like Huaxia Happiness, Shikong Technology, and Tianjian Group hitting the daily limit up [1] - Anju Bao, Hainan Ruize, and Pubang Shares are among the top gainers in terms of percentage increase [1]

北京上海深圳杭州广州昆明天津成都宁波福州西安南京南宁济南重庆苏州长沙太原武汉贵阳乌鲁木齐郑州石家庄 合 肥 海 南 青 岛 南 昌 大 连 银 川 拉 孜 香 港 巴 黎 马 德 里 斯 德 哥 尔 摩 纽 约 马 来 西 亚 柬 埔 寨 乌 兹 别 克 斯 坦 广州市天河区华夏路 32 号太平洋金融大厦 19 楼 邮编：510620 电话：(+86)(20) 3879 9346、3879 9348 传真：(+86)(20) 3879 9348-200 国浩律师(广州)事务所 关于广东安居宝数码科技股份有限公司 2025 年第一次临时股东大会的法律意见 广东安居宝数码科技股份有限公司： 根据中国证券监督管理委员会发布的《上市公司股东会规则》(以下简称《股 东会规则》)的要求，国浩律师(广州)事务所(以下简称"本所")接受广东安居 宝数码科技股份有限公司(以下简称"安居宝")的委托，指派钟成龙、陈伟律师 (以下简称"本所律师")出席安居宝 2025 年第一次临时股东大会的法律意见(以 下简称"本次股东大会")，对本次股东大会的召集与召开程序、出席会议人员 与召集人的资格、表决程序与表决结果等重要事项出具法律意见 ...

证券代码：300155 证券简称：安居宝 公告编号：2025-036 3、本次股东大会以现场投票与网络投票相结合的方式召开。 一、会议召开情况 1、现场会议召开时间：2025 年 11 月 11 日（星期二）下午 2:30 网络投票时间：2025 年 11 月 11 日，其中，通过深圳证券交易系统进行网 络投票的具体时间为交易日 2025 年 11 月 11 日上午 9:15-9:25、9:30-11:30， 下午 1:00-3:00；通过深圳证券交易所互联网投票系统投票的时间为 2025 年 11 月 11 日上午 9:15-下午 15:00 期间的任意时间。 2、会议召开地点：广州开发区科学城起云路6号自编一栋A会议室 广东安居宝数码科技股份有限公司 2025年第一次临时股东大会决议公告 本公司及董事会全体人员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 特别提示： 1、本次股东大会没有出现否决议案的情形。 2、本次股东大会不涉及变更前次股东大会决议。 3、会议召开方式：采用现场投票与网络投票相结合的方式。 4、会议召集人：公司董事会 5、会议主持人：董事长张波先生 本次会 ...

Core Viewpoint - Anjibao's stock price has shown a notable increase this year, with a current market capitalization of 2.99 billion yuan, despite a significant decline in revenue and net profit for the first nine months of 2025 [2][3]. Group 1: Stock Performance - Anjibao's stock price increased by 11.27% year-to-date, with a 4.10% rise in the last five trading days and a 12.45% increase over the past 20 days [2]. - As of November 11, the stock was trading at 5.33 yuan per share, with a trading volume of 43.91 million yuan and a turnover rate of 2.54% [1]. Group 2: Financial Performance - For the period from January to September 2025, Anjibao reported a revenue of 107 million yuan, a year-on-year decrease of 30.48%, and a net profit attributable to shareholders of -33.17 million yuan, down 56.06% year-on-year [2]. - Cumulatively, Anjibao has distributed 304 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Group 3: Business Overview - Anjibao, established on December 29, 2004, and listed on January 7, 2011, specializes in the production and sales of building intercom systems, smart home systems, anti-theft alarm systems, parking systems, monitoring systems, and cables [2]. - The company's main revenue sources include building intercom systems (49.97%), smart home systems (15.62%), and other related products [2]. Group 4: Shareholder Information - As of October 31, 2025, Anjibao had 22,000 shareholders, a decrease of 2.27% from the previous period, with an average of 15,049 circulating shares per shareholder, an increase of 2.33% [2]. - Among the top ten circulating shareholders, Jinyuan Shun'an Yuanqi Flexible Allocation Mixed Fund is the fifth largest, holding 2.6467 million shares as a new shareholder [3].

Core Viewpoint - After three consecutive years of losses, Guangdong Anjubao Digital Technology Co., Ltd. continues to struggle with its performance, reporting a significant decline in revenue and net profit due to the impact of the real estate industry [1][2]. Financial Performance - For the first three quarters, the company achieved operating revenue of 107.33 million CNY, a year-on-year decrease of 30.48% [2]. - The net profit attributable to shareholders was -33.17 million CNY, representing an increase in losses of 243% year-on-year [2]. - The net cash flow from operating activities plummeted by 938.8% to -16.13 million CNY, attributed to a decrease in sales collections [1][2]. - Basic and diluted earnings per share were both -0.0152 CNY, reflecting a decline of 237.78% [2]. - Total assets at the end of the reporting period were approximately 1.38 billion CNY, down 4.08% from the previous year [2]. Business Strategy and Developments - The company has attempted to pivot by establishing Guangdong Anjubao Yan Ce E-commerce Co., Ltd. in 2023, focusing on quality control and sales of dry goods [3]. - The newly developed "Meiyouyou" shopping platform generated only 57,670 CNY in revenue with a net loss of 252,880 CNY in the first half of 2025 [3]. - In September 2023, the company changed the name of its e-commerce subsidiary to Guangdong Anjubao Smart Beverage Co., Ltd., shifting its focus from wholesale to the catering industry [4]. - Future plans include leveraging AI technology to enhance existing products and develop new ones, such as commercial robots and smart automation devices, with expected market launches by the end of the year [4]. Stock Performance - The company's stock price has significantly declined, dropping over 80% from its peak of 37.54 CNY per share in 2015, currently trading at 5.13 CNY per share with a total market capitalization of 2.88 billion CNY [5].