匠心家居（ [Table_StockNameRptType] 301061） 公司点评 25Q3 业绩高增长，零售渠道影响力持续提升 | 投资评级：买入（维持） [Table_Rank] | | --- | | 报告日期： 2025-10-30 | | [Table_BaseData] 收盘价（元） | 98.38 | | --- | --- | | 近 12 个月最高/最低（元） 119.19/48.81 | | | 总股本（百万股） | 219 | | 流通股本（百万股） | 145 | | 流通股比例（%） | 66.43 | | 总市值（亿元） | 215 | | 流通市值（亿元） | 143 | [公司价格与沪深 Table_Chart] 300 走势比较 [Table_Author] 分析师：徐偲 ⚫[Table_Summary] 事件：公司发布 2025 年第三季度报告 公司发布 2025 年第三季度报告，2025 年前三季度实现营业收入 25.11 亿元，同比增长 35.8%；实现归母净利润 6.58 亿元，同比增长 52.62%。 单季度来看，2025 年第三季度实现营业收入 8.30 亿元 ...

Investment Rating - The report maintains a "Buy" rating for the company, with projected EPS for 2025-2027 being 4.15, 5.14, and 6.19 RMB respectively, corresponding to PE ratios of 23.73, 19.13, and 15.90 times [5]. Core Insights - The company reported significant revenue and profit growth for Q1-Q3 2025, with revenue increasing by 35.80% to 2.511 billion RMB and net profit rising by 52.62% to 658 million RMB [2]. - The company has deepened its customer relationships, with nine of its top ten customers increasing their purchase amounts by 16.64% to 635.28% year-on-year [2]. - The gross margin for Q1-Q3 2025 increased by 4.6 percentage points to 38.4%, although it saw a slight decline of 1.2 percentage points in Q3 due to high tariff expenses [3]. - The company is expanding its retail channel influence, with a notable increase in the number of new customers, particularly in the U.S. market [2][4]. Performance Analysis - For Q3 2025, the company achieved revenue of 830 million RMB, with net profit and non-deducted net profit increasing by 55.06% and 45.56% respectively [2]. - The company’s sales to U.S. retailers accounted for 67.16% of total revenue, reflecting a year-on-year increase of 9.38 percentage points [2]. - The company’s MOTO "store-in-store" model is expanding, enhancing brand influence and customer trust [4]. Financial Projections - The company’s revenue is projected to grow from 1.921 billion RMB in 2023 to 5.081 billion RMB in 2027, with a compound annual growth rate (CAGR) of 31.37% to 20.38% [9]. - The net profit is expected to increase from 407 million RMB in 2023 to 1.354 billion RMB in 2027, with growth rates of 21.93% to 20.31% [9]. - The diluted EPS is forecasted to rise from 3.183 RMB in 2023 to 6.188 RMB in 2027 [9].

智通财经APP讯，匠心家居(301061.SZ)发布2025年三季度报告，该公司前三季度营业收入为25.11亿 元，同比增长35.80%。归属于上市公司股东的净利润为6.58亿元，同比增长52.62%。归属于上市公司股 东的扣除非经常性损益的净利润为6.24亿元，同比增长59.36%。基本每股收益为3.02元。 ...

北京商报讯（记者 翟枫瑞）10月29日，常州匠心独具智能家居股份有限公司（以下简称"匠心家居"） 发布2025年第三季度报告称，公司前三季实现营收25.11亿元，同比增长35.80%；实现净利润6.58亿 元，同比增长52.62%。其中，第三季度实现营业收入8.30亿元，同比增长29.25%；实现净利润2.26亿 元，同比增长55.06%。 对于营收的增长，匠心家居表示，主要系商品销售收入增加所致。 ...

证券代码：301061 证券简称：匠心家居 公告编号：2025-044 经审议，董事会一致认为公司 2025 年第三季度报告及其摘要内容符合法律、 行政法规、中国证监会和深圳证券交易所的相关规定，报告内容真实、准确、完 整，不存在任何虚假记载、误导性陈述或者重大遗漏。 该议案已经公司第二届董事会审计委员会第十四次会议审核通过。 常州匠心独具智能家居股份有限公司 第二届董事会第二十一次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、会议召开和出席情况 常州匠心独具智能家居股份有限公司（以下简称"公司"）第二届董事会第 二十一次会议于 2025 年 10 月 28 日（星期二）在公司会议室以现场表决结合通 讯表决的方式召开。本次会议通知及会议材料已于 2025 年 10 月 18 日以电子邮 件方式向公司全体董事发出。会议应到董事 9 人，实到 9 人，董事李小勤、徐梅 钧、Liu Chih-Hsiung 以通讯方式参会会议由董事长李小勤女士主持。公司高级管 理人员列席了会议。会议的召集和召开符合《公司法》及《公司章程》的有关规 定，会议合法、有 ...

每经AI快讯，匠心家居（SZ 301061，收盘价：98.38元）10月29日晚间发布公告称，公司第二届第二十 一次董事会会议于2025年10月28日在公司会议室以现场表决结合通讯表决的方式召开。会议审议了《公 司2025年第三季度报告及其摘要的议案》等文件。 2025年1至6月份，匠心家居的营业收入构成为：家具行业占比99.86%，其他业务占比0.14%。 截至发稿，匠心家居市值为215亿元。 每经头条（nbdtoutiao）——A股突破4000点！十年沉寂终迎爆发，科技主线重塑市场，"慢牛"新格局开 启！ （记者 曾健辉） ...

常州匠心独具智能家居股份有限公司 2025 年第三季度报告 1 常州匠心独具智能家居股份有限公司 2025 年第三季度报告 总经理致辞 公司专注于智能电动沙发、智能电动床及其核心配件的研究、设计、开发、 生产、销售及服务，致力于构建高度集成且注重人性化体验的智能家居体系。根 据中国证监会《上市公司行业统计分类与代码》，公司所属行业为"CC21 家具制 造业"下的"219 其他家具制造"。 一、2025 年 1-9 月经济形势与变化趋势分析 中国海关总署 10 月 18 日发布的数据显示，2025 年 1-9 月中美贸易总额达 4,258.16 亿美元，同比下降 15.6%，较上半年 10.4% 的降幅扩大 5.2%。其中，中国 对美出口 3,172.24 亿美元，同比下降 16.9%，降幅较上半年（10.9%）扩大 6%。 相比之下，中国家具及其零部件的出口表现更为稳健，1-9 月累计出口 471.47 亿美元，同比下降 4.8%，较上半年 6.8% 的降幅收窄 2%，显示行业出口逐步企 2 常州匠心独具智能家居股份有限公司 2025 年第三季度报告 稳。 根据国家统计局 2025 年 10 月 27 日发布 ...

匠心家居公告，第三季度营收为8.3亿元，同比增长29.25%；净利润为2.26亿元，同比增长55.06%。前 三季度营收为25.11亿元，同比增长35.80%；净利润为6.58亿元，同比增长52.62%。 ...

Market Overview - The home goods sector increased by 0.09% compared to the previous trading day, with Longzhu Technology leading the gains [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Top Performers - Longzhu Technology (code: 920445) closed at 14.74, up 11.25% with a trading volume of 286,100 shares and a turnover of 428 million yuan [1] - Ruilite (code: 002790) closed at 9.04, up 9.98% with a trading volume of 146,600 shares and a turnover of 129 million yuan [1] - Taipeng Intelligent (code: 920132) closed at 22.01, up 6.23% with a trading volume of 20,000 shares and a turnover of 43.28 million yuan [1] Underperformers - Zhiou Technology (code: 301376) closed at 18.39, down 6.98% with a trading volume of 95,500 shares and a turnover of 177 million yuan [2] - Meizhi Gao (code: 920765) closed at 26.60, down 4.32% with a trading volume of 31,100 shares and a turnover of 82.09 million yuan [2] - ST Songfa (code: 603268) closed at 55.35, down 3.54% with a trading volume of 34,400 shares and a turnover of 193 million yuan [2] Capital Flow - The home goods sector experienced a net outflow of 322 million yuan from institutional investors, while retail investors saw a net inflow of 306 million yuan [2] - The top stocks by net inflow from retail investors included Ruilite and Tianzhen Co., with net inflows of 30 million yuan and 21.6 million yuan respectively [3] Detailed Capital Flow - Ruilite had a net inflow of 30 million yuan from institutional investors, but a net outflow of 20.17 million yuan from speculative funds [3] - Tianzhen Co. saw a net inflow of 21.68 million yuan from institutional investors, with a net outflow of 2.34 million yuan from retail investors [3] - The overall capital flow indicates a mixed sentiment among different investor types within the home goods sector [3]

Core Viewpoint - The financing balance of the ChiNext market has increased significantly, indicating a positive trend in investor sentiment and market activity, with notable individual stocks experiencing substantial growth in financing balance [1][2]. Financing Balance Overview - The latest financing balance for ChiNext stocks is 527.196 billion yuan, an increase of 9.550 billion yuan compared to the previous period [1]. - The total margin balance for ChiNext stocks reached 529.059 billion yuan, with a day-on-day increase of 9.625 billion yuan [1]. - Among the stocks, 554 experienced an increase in financing balance, with 39 stocks seeing growth exceeding 10% [1]. Notable Stocks with Increased Financing Balance - The stock with the highest increase in financing balance is Jiangxin Home, with a balance of 29.232 million yuan, reflecting a 54.41% increase [3]. - Other significant increases were observed in Dingtai High-Tech (40.62%) and Weston (27.07%) [3]. - On average, stocks with over 10% increase in financing balance rose by 4.23% on the same day, with top performers including Xinle Energy (17.65%), Dingtai High-Tech (14.70%), and Suzhou Tianmai (14.17%) [1][3]. Stocks with Decreased Financing Balance - A total of 392 stocks saw a decrease in financing balance, with 53 stocks experiencing a decline of over 5% [4]. - The largest decrease was recorded by Guanzhong Ecology, with a financing balance of 73.5036 million yuan, down by 39.22% [4]. - Other notable declines included JuJiao Co. (-29.87%) and Weili Transmission (-19.26%) [4]. Capital Flow Insights - Among the stocks with increased financing balance, 23 stocks saw net inflows of main funds, with the highest inflows in Xiechuang Data (288 million yuan), Deepin Technology (193 million yuan), and Oulu Tong (155 million yuan) [2]. - Conversely, 16 stocks experienced net outflows, with the largest outflows in Yiwei Lithium Energy (-585 million yuan), Aerospace Intelligent Equipment (-282 million yuan), and Jinfeng Technology (-208 million yuan) [2].