Core Points - The Shanghai Composite Index closed at 3296.36 points, below the six-month moving average, with a slight decline of -0.10% [1] - The total trading volume of A-shares reached 12,624.62 billion yuan [1] - A total of 176 A-shares have surpassed the six-month moving average, with notable stocks showing significant deviation rates [1] Summary of Stocks Exceeding Six-Month Moving Average - Stocks with the highest deviation rates include: - Jiyang Precision (13.55% deviation, latest price 22.22 yuan) [1] - Weimao Electronics (10.89% deviation, latest price 29.94 yuan) [1] - Sanmu Group (9.55% deviation, latest price 4.06 yuan) [1] - Other notable stocks with smaller deviation rates include: - David Medical (just above the six-month line) [1] - Ice Wheel Environment (just above the six-month line) [1] - Ningbo United (just above the six-month line) [1] Additional Stock Performance Data - The performance of several stocks on the day includes: - Dongbei Group (9.98% increase, latest price 5.62 yuan) [1] - Fenghua Co. (10.03% increase, latest price 13.05 yuan) [1] - Niuwei Co. (7.78% increase, latest price 26.33 yuan) [1] - The trading turnover rates for these stocks vary, with some exceeding 30% [1]

Investment Rating - The report maintains a "Buy" rating for the company [1]. Core Views - The company achieved significant revenue and profit growth in 2024, with revenue reaching 2.55 billion yuan, up 32.6% year-on-year, and net profit attributable to shareholders at 680 million yuan, up 67.6% year-on-year [4][5]. - The company's strong performance is attributed to increased internal R&D investment, successful new product launches, and significant growth in direct retail customer numbers [5]. - The company has established over 500 "MOTO Gallery" store-in-store locations in the U.S. and expanded into Canada, enhancing its retail network in North America [6]. - The gross margin improved to 39.4% in 2024, up 5.4 percentage points year-on-year, driven by lower raw material prices and an increase in the revenue share of higher-margin products [6][8]. - The company plans to distribute a cash dividend of 5.0 yuan per 10 shares and increase its share capital by 3 shares for every 10 shares held [4]. Summary by Sections Financial Performance - In 2024, the company reported a revenue of 2.55 billion yuan and a net profit of 680 million yuan, with a significant increase in Q4 revenue and profit [4][5]. - The company’s revenue from smart electric sofas, smart electric beds, and accessories reached 1.96 billion yuan, 350 million yuan, and 230 million yuan respectively, with year-on-year growth rates of 37.1%, 20.5%, and 20.5% [5]. Customer and Market Expansion - 90.5% of the company's products were sold in the U.S., with 84.0% produced in Vietnam [5]. - The company added 96 new retail customers in 2024, including 14 from the top 100 furniture retailers in the U.S., indicating a strengthened customer base [5]. Cost and Profitability - The gross margin for 2024 was 39.4%, with a notable increase in Q4 gross margin to 54.3% [6][8]. - The company’s operating expenses decreased to 8.0% of revenue, down 3.1 percentage points year-on-year, with significant reductions in financial expenses due to increased foreign exchange gains [7]. Future Projections - The company’s net profit forecasts for 2025-2027 have been raised to 800 million yuan, 950 million yuan, and 1.14 billion yuan respectively, reflecting a strong growth outlook [8]. - The projected EPS for 2025, 2026, and 2027 are 4.81 yuan, 5.66 yuan, and 6.84 yuan, with corresponding P/E ratios of 13, 11, and 9 [8][9].

Core Viewpoint - The overseas concept stocks experienced a significant rebound, with multiple stocks hitting the daily limit up, driven by the expectation of reduced tariffs on imports from China as indicated by U.S. President Trump's recent comments [1] Group 1: Stock Performance - Zhejiang Natural, Guotou Zhonglu, and Jianerkang stocks hit the daily limit up, while Xiangxin Home and several others, including Juxing Technology and Chuanfeng Power, saw gains exceeding 5% [1] Group 2: Market Drivers - President Trump acknowledged that the current tariffs on Chinese imports are too high and indicated that a substantial reduction in tax rates is expected [1]

Investment Rating - The report maintains a "Buy" rating for the company, with expected EPS for 2025-2027 at 4.71, 5.54, and 6.60 RMB respectively, corresponding to PE ratios of 13, 11, and 9 times [5]. Core Insights - The company reported a revenue of 2.55 billion RMB for 2024, a year-on-year increase of 32.6%, and a net profit attributable to shareholders of 680 million RMB, up 67.6% year-on-year. The Q4 2024 results showed a revenue of 700 million RMB, a 49.8% increase year-on-year, with net profit and adjusted net profit of 250 million and 220 million RMB, respectively, reflecting increases of 197.2% and 198.6% [2]. - The company has successfully expanded its customer base and procurement scale, with significant growth in electric sofa sales. For 2024, revenue from smart electric sofas, beds, and accessories reached 1.96 billion, 350 million, and 230 million RMB, representing year-on-year growth of 37.1%, 20.4%, and 20.5% respectively. The company added 96 new retail customers in the U.S. in 2024, including 14 from the top 100 furniture retailers [2][3]. - The gross margin improved significantly, with a full-year gross margin of 39.4%, up 5.4 percentage points year-on-year. In Q4 2024, the gross margin reached 54.3%, an increase of 14.3 percentage points year-on-year, attributed to the ongoing development of the company's own brand and scale effects [3]. - The company has successfully established over 500 "MOTO Gallery" stores in the U.S. by Q1 2025, indicating a strong performance in the end market and validating the feasibility of its own brand store-in-store model [4]. Summary by Sections Performance Review - In 2024, the company achieved a revenue of 2.55 billion RMB, a 32.6% increase year-on-year, and a net profit of 680 million RMB, up 67.6% year-on-year. Q4 2024 revenue was 700 million RMB, a 49.8% increase year-on-year, with net profits showing substantial growth [2]. Operational Analysis - The company saw a continuous increase in customer acquisition and procurement scale, with electric sofa sales driving revenue growth. The revenue from electric sofas, beds, and accessories for 2024 was 1.96 billion, 350 million, and 230 million RMB, respectively, with significant year-on-year growth rates [2][3]. Financial Metrics - The gross margin for 2024 was 39.4%, an increase of 5.4 percentage points year-on-year, while Q4 2024 gross margin reached 54.3%, up 14.3 percentage points year-on-year. The company effectively controlled expenses, with sales, management, and R&D expense ratios showing favorable trends [3]. Brand Development - The company has made significant progress in developing its own brand, with the successful establishment of over 500 MOTO Gallery stores in the U.S. by Q1 2025, enhancing its market presence and brand recognition [4].

同花顺（300033）出海50指数盘初走强，匠心家居（301061）涨超16%，春风动力（603129）、巨星科 技（002444）涨超7%，杰瑞股份（002353）、浙江鼎力（603338）跟涨。消息面上，据智通财经报 道，特朗普对华态度缓和，承认美对自华进口商品关税过高 预计将大幅降低。 ...

Investment Rating - The report maintains a "Buy" rating for the company, with expected EPS for 2025-2027 at 4.71, 5.54, and 6.60 RMB respectively, corresponding to PE ratios of 13, 11, and 9 times [5]. Core Insights - The company reported a revenue of 2.55 billion RMB for 2024, representing a year-on-year increase of 32.6%, and a net profit attributable to shareholders of 680 million RMB, up 67.6% year-on-year. The Q4 2024 results showed a revenue of 700 million RMB, a 49.8% increase year-on-year, with net profits of 250 million RMB, reflecting a 197.2% increase [2]. - The growth in performance is attributed to the expansion of customer base and procurement scale, with significant contributions from electric sofas, which saw both volume and price increases. The company added 96 new retail customers in the U.S. in 2024, including 14 from the top 100 furniture retailers [2][3]. - The gross margin improved significantly, with a full-year gross margin of 39.4%, up 5.4 percentage points year-on-year, and Q4 gross margin reaching 54.3%, up 14.3 percentage points year-on-year. This improvement is driven by the ongoing development of the company's own brand and increasing scale effects [3]. - The company successfully established over 500 "MOTO Gallery" stores in the U.S. by Q1 2025, indicating a strong performance in the end market and validating the feasibility of its store-in-store model [4]. Summary by Sections Performance Review - In 2024, the company achieved a revenue of 2.55 billion RMB, a 32.6% increase year-on-year, and a net profit of 680 million RMB, up 67.6% year-on-year. Q4 2024 revenue was 700 million RMB, a 49.8% increase year-on-year, with net profits of 250 million RMB, reflecting a 197.2% increase [2]. Operational Analysis - The company saw a rise in the number of customers and procurement scale, with electric sofas driving revenue growth. The revenue from smart electric sofas, beds, and accessories reached 1.96 billion, 350 million, and 230 million RMB respectively, with year-on-year growth rates of 37.1%, 20.4%, and 20.5% [2]. - The company added 96 new retail customers in the U.S. in 2024, enhancing its customer structure and increasing its influence in mainstream retail channels [2]. Financial Metrics - The gross margin for 2024 was 39.4%, an increase of 5.4 percentage points year-on-year, while Q4 gross margin reached 54.3%, up 14.3 percentage points year-on-year. The company effectively controlled expenses, with sales, management, and R&D expense ratios showing favorable trends [3]. Brand Development - The company has made significant progress in developing its own brand, with the successful establishment of over 500 MOTO Gallery stores in the U.S. by Q1 2025, indicating a strong market presence and growth potential [4].

2025年4月23日，匠心家居(301061.SZ)发布2024年年度报告。截至2025年4月22日，共有257个机构投资 者披露持有匠心家居A股股份，合计持股量达7783.70万股，占匠心家居总股本的46.51%。其中，前十 大机构投资者包括宁波梅山保税港区随遇心蕊投资有限公司、宁波明明白白企业管理合伙企业(有限合 伙)、香港中央结算有限公司、常州清庙之器企业管理咨询合伙企业(有限合伙)、中国工商银行股份有限 公司-中欧时代先锋股票型发起式证券投资基金、中国工商银行股份有限公司-易方达价值精选混合型证 券投资基金、中国银行股份有限公司-宝盈核心优势灵活配置混合型证券投资基金、浙商银行股份有限 公司-博时凤凰领航混合型证券投资基金、中信证券资产管理(香港)有限公司-客户资金、上海浦东发展 银行股份有限公司-永赢消费主题灵活配置混合型证券投资基金，前十大机构投资者合计持股比例达 36.84%。相较于上一季度，前十大机构持股比例合计下跌了0.76个百分点。 公募基金方面，本期较上一期持股增加的公募基金共计8个，主要包括宝盈核心优势混合A、中欧时代 先锋股票A、永赢稳健增强债券A、博时凤凰领航混合A、华泰柏瑞消费成 ...

证券代码：301061 证券简称：匠心家居 公告编号：2025-016 常州匠心独具智能家居股份有限公司 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。 特别提示： 本次会计政策变更是常州匠心独具智能家居股份有限公司（以下简称"公司"） 根据中华人民共和国财政部（以下简称"财政部"）修订的相关会计准则进行的 变更，不属于公司自主变更会计政策的情形，不会对公司营业收入、净利润、净 资产等财务状况和经营成果产生重大影响。根据《深圳证券交易所上市公司自律 监管指引第 2 号——创业板上市公司规范运作》及《公司章程》等有关规定，本 次会计政策变更事项无需提交董事会和股东大会审议。 一、本次会计政策变更概述 （一）本次会计政策变更原因及日期 （二）变更介绍 1、变更前采取的会计政策 本次会计政策变更前，公司按照财政部发布的《企业会计准则——基本准则》 和各项具体会计准则、企业会计准则应用指南、企业会计准则解释公告以及其他 相关规定执行。 关于会计政策变更的公告 2023 年 10 月 25 日，财政部公布了《企业会计准则解释第 17 号》（财会 〔2023〕21 号）， ...

证券代码：301061 证券简称：匠心家居 公告编号：2025-015 常州匠心独具智能家居股份有限公司 关于公司变更电子邮箱的公告 变更后：investor_relations@motomotionfurniture.com 变更前：investor_relations@hhc-group.com.cn 除上述变更外，公司办公地址、邮政编码、电话、传真等其他联系方式保持 不变。 敬请广大投资者注意。由此给您带来的不便，敬请谅解。 常州匠心独具智能家居股份有限公司 董 事 会 2025年4月23日 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。 常州匠心独具智能家居股份有限公司（以下简称"公司"）因经营管理需要， 方便投资者沟通联络，自 2025 年 4 月 23 日起，公司投资者关系邮箱予以变更。 具体如下： ...

（二）信用减值损失 常州匠心独具智能家居股份有限公司 关于计提2024年度信用减值及资产减值准备的公告 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。 常州匠心独具智能家居股份有限公司（以下简称"公司"或"匠心家居"） 于 2025 年 4 月 21 日（星期一）召开了第二届董事会第十七次会议和第二届监事 会第十五次会议，审议通过了《关于计提 2024 年度信用减值及资产减值准备的 议案》，该议案无需提交公司股东大会审议批准，现将相关事宜公告如下： 一、本次计提信用减值及资产减值准备的情况概述 证券代码：301061 证券简称：匠心家居 公告编号：2025-017 （一）计提信用减值及资产减值准备的原因 根据《企业会计准则》及公司会计政策的相关规定，基于谨慎性原则，为真 实、准确的反映公司财务状况和资产价值，公司对合并报表范围内截至 2024 年 12 月 31 日各类资产进行了清查，并进行分析和评估，经资产减值测试，公司认 为部分资产存在一定的减值迹象，应计提减值准备。 本次计提资产减值准备事项，真实反映企业财务状况，符合会计准则和相关 政策要求，符合公司的 ...