Core Viewpoint - The company, Zhiyou Technology, is experiencing growth in its overseas revenue, benefiting from the depreciation of the RMB and its established logistics system for cross-border e-commerce [3][4]. Group 1: Company Overview - Zhiyou Technology was founded on January 8, 2010, and is located in Zhengzhou, Henan Province. It specializes in the research, design, and sales of its own brand home products [7]. - The company's revenue composition includes: furniture series 51.68%, home series 36.35%, pet series 8.32%, outdoor sports 2.52%, and others 1.13% [7]. - As of May 9, the number of shareholders is 8,995, a decrease of 3.46% from the previous period, with an average of 21,432 circulating shares per person, an increase of 3.58% [8]. Group 2: Financial Performance - For the period from January to March 2025, Zhiyou Technology achieved a revenue of 2.091 billion yuan, a year-on-year increase of 13.56%, and a net profit attributable to shareholders of 111 million yuan, up 10.30% year-on-year [8]. - The company has distributed a total of 321 million yuan in dividends since its A-share listing [9]. Group 3: Market Position and Strategy - The company has established a differentiated competitive advantage in its cross-border e-commerce logistics system, with self-operated warehouses in Germany and the United States, enhancing operational efficiency and customer satisfaction [2]. - Zhiyou Technology collaborates with influencers based on product usage scenarios and follower demographics, having partnered with influencers on platforms like TikTok to drive sales [2][3]. Group 4: Technical Analysis - The average trading cost of the stock is 19.09 yuan, with recent accumulation activity noted, although the strength of this accumulation is weak. The current stock price is near a resistance level of 18.62 yuan, indicating potential for a price correction if this level is not surpassed [6].

Investment Rating - The report provides a positive outlook on various sectors, indicating a stable recovery in the home furnishing and paper packaging sectors, while new tobacco and packaging sectors show robust growth [3][4]. Core Insights - The home furnishing sector is expected to see marginal improvement in domestic demand due to government support for consumption upgrades, with a focus on companies with high dividend yields and growth certainty for 2025 [5][10]. - The new tobacco sector is experiencing growth, particularly in heated tobacco products (HTP), with significant sales increases reported in Europe and a growing user base for IQOS [11]. - The paper packaging sector is facing a gradual recovery in pulp prices, with a focus on companies that maintain strong market positions and high dividends [12]. - The light consumer goods and pet food sectors are under pressure, but there are opportunities in innovative product launches and channel expansion [15]. - The two-wheeler sector is poised for a rebound with government subsidies and new standards expected to drive demand [16][17]. Summary by Sections Home Furnishing - Domestic sales are expected to improve due to government initiatives, with a focus on companies with strong growth prospects and high dividends [5][10]. - Export figures show a slight increase in June, but a cumulative decline for the first half of the year [10]. New Tobacco - HNB sales increased by 10.5% year-on-year, with a growing user base for IQOS [11]. - The regulatory environment in the U.S. is tightening, which may benefit compliant market players [11]. Paper Packaging - Pulp prices have shown slight increases, but overall market conditions remain challenging [12]. - Companies with strong market positions and dividend policies are recommended for investment [12]. Light Consumer Goods & Pet Food - The sector is facing challenges, but there are opportunities in new product launches and expanding distribution channels [15]. - Online sales data indicates mixed performance across different product categories [23]. Two-Wheeler - The sector is expected to benefit from government subsidies and new regulations, with a focus on companies that can leverage these changes for growth [16][17]. - Recent data shows a significant number of electric bikes being replaced under the subsidy program [26][27].

Investment Rating - The report emphasizes a focus on companies with high earnings growth certainty and relatively high dividend support in the domestic market [4][9]. Core Insights - The home furnishing sector shows a year-on-year increase of 28.7% in furniture retail sales in June, but demand has weakened since July due to the lack of new government subsidies [4][9]. - The new tobacco sector is witnessing a recovery, with Smoore's H1 2025 revenue expected to grow by 18% year-on-year, indicating stabilization in the vaping business [15][16]. - The paper and packaging industry is experiencing price stabilization, with expectations for a recovery in demand for white cardboard and cultural paper [17][18]. - The light industry and personal care sector is facing a downturn, but there are investment opportunities in leading brands [19][20]. - The toy sector, particularly Bubble Mart, is highlighted for its strong performance, with a 94% year-on-year increase in online sales of blind boxes in Q2 [21][22]. - The two-wheeler market is expected to see a rebound in Q3, driven by new policies in Vietnam promoting electric vehicle replacements [22][31]. Summary by Sections Home Furnishing Sector - Retail sales of furniture increased by 28.7% year-on-year in June, but demand has weakened since July due to subsidy issues [4][9]. - The overall real estate investment decreased by 10.3% year-on-year in June, with residential construction area down by 4.3% [4][9]. New Tobacco Sector - Smoore's H1 2025 revenue is projected to grow by 18% year-on-year, indicating a recovery in the vaping market [15][16]. - The FDA's recent approvals for JUUL products suggest a positive trend in the U.S. compliance market [15][16]. Paper and Packaging Sector - Paper prices are stabilizing, with expectations for recovery in demand for specific paper types [17][18]. - The packaging sector is seeing improvements in profitability for metal packaging companies due to industry consolidation [17][18]. Light Industry and Personal Care - The sector is experiencing a downturn, but leading brands are still seen as investment opportunities [19][20]. - Online sales for personal care products have shown mixed results, with some categories facing increased competition [20][23]. Toy Sector - Bubble Mart is highlighted for its strong performance, with a 209% year-on-year increase in GMV [21][22]. - The overall toy market is benefiting from new operational models and IP advantages [21][22]. Two-Wheeler Market - The market is expected to rebound in Q3, with new policies in Vietnam promoting electric vehicle replacements [22][31]. - Leading companies in the sector are expected to show good growth in their mid-year reports [22][31].

Group 1 - The core viewpoint of the news is that companies are actively engaging in share buyback and employee stock ownership plans to enhance investor confidence and align management interests with shareholders [1][2]. - Shenzhen Overseas Chinese Town Holdings Company plans to increase its stake in Huaqiang City A by investing between 111 million and 220 million RMB within six months, currently holding 48.78% of the total shares [1]. - Chengyi Pharmaceutical announced an employee stock ownership plan for 2025, targeting to raise up to 48.2864 million RMB, with a share price set at 5.02 RMB per share, covering up to 228 employees [1][2]. Group 2 - The employee stock ownership plan has performance targets for revenue and net profit from 2025 to 2027, with growth rates set at 30%, 55%, and 85% for revenue, and 35%, 65%, and 100% for net profit [2]. - Several companies have announced plans for share reductions by executives and major shareholders, including Jinzheng Co., which plans to reduce up to 28.8 million shares, equivalent to approximately 568 million RMB [3][4][5]. - The reduction plans are set to commence from July 15, indicating a trend of liquidity events in the market as companies adjust their shareholder structures [7][8].

致欧家居科技股份有限公司 关于合计持股 5%以上股东减持股份的预披露公告 公司股东共青城科赢投资合伙企业（有限合伙）、共青城沐桥投资合伙企 业（有限合伙）、郑州泽骞企业管理咨询中心（有限合伙）、郑州语昂企业管 理咨询中心（有限合伙）保证向本公司提供的信息内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 特别提示： 致。 证券代码：301376 证券简称：致欧科技 公告编号：2025-049 公司于近日收到公司股东科赢投资、沐桥投资、泽骞咨询、语昂咨询出具的《减 持计划告知函》，现将相关信息公告如下： 致欧家居科技股份有限公司（以下简称"公司"）股东共青城科赢投资合伙企 业（有限合伙）（以下简称"科赢投资"）、共青城沐桥投资合伙企业（有限合伙） （以下简称"沐桥投资"）、郑州泽骞企业管理咨询中心（有限合伙）（以下简称 "泽骞咨询"）、郑州语昂企业管理咨询中心（有限合伙）（以下简称"语昂咨询"） 为公司首次公开发行股票上市前股东，合计持有公司股份 52,820,716 股（占公司总 股本比例为13.1268%，占剔除公司回购专用账户股份后总股本比例为13.1774%）。 上述股东彼此之间未签署一致行动 ...

致欧家居科技股份有限公司 关于公司参与设立产业基金的进展公告 证券代码：301376 证券简称：致欧科技 公告编号：2025-048 本次变更前后合伙企业各合伙人认缴出资及认缴出资比例如下： 变更前： | 序号 | 类型 | 合伙人名称 | 认缴出资额 | 认缴出资 | | --- | --- | --- | --- | --- | | | | | （万元人民 | 比例 | 1 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、基本情况 致欧家居科技股份有限公司（以下简称"公司"）为投资孵化上下游优质项目， 提升公司核心竞争力，推动公司战略愿景实现，公司作为有限合伙人使用自有资 金与普通合伙人兼执行事务合伙人苏州维特力新创业投资管理有限公司及其他有 限合伙人共同投资设立长沙泉仲创业投资合伙企业（有限合伙）（以下简称"基金" 或"合伙企业"）。具体内容详见公司披露于巨潮资讯网（www.cninfo.com.cn）的 《关于公司参与设立产业基金的公告》（公告编号：2025-001）、《关于公司参与 设立产业基金的进展公告》（公告编号：2025-014）、《关于公 ...

致欧家居科技股份有限公司（以下简称"公司"）于 2025 年 2 月 10 日召开 第二届董事会第十三次会议、第二届监事会第十一次会议审议，审议通过了《关 于回购公司股份方案的议案》。公司拟使用自有资金及银行回购专项贷款以集中 竞价交易方式回购公司股份（以下简称"本次回购"），用于实施员工持股计划 或股权激励计划。本次回购股份的种类为公司已发行的人民币普通股（A 股）。 本次回购的资金总额不低于人民币 5,000 万元（含）且不超过人民币 10,000 万元 （含），回购价格不超过人民币 28.00 元/股（含）。具体回购股份的数量和金额 以回购期满时实际回购的股份数量和金额为准。本次回购期限为自公司董事会审 议通过回购股份方案之日起不超过 12 个月。具体内容详见公司于 2025 年 2 月 11 日在巨潮资讯网（www.cninfo.com.cn）上披露的《关于回购公司股份方案暨取得 金融机构股票回购专项贷款承诺函的公告》（公告编号：2025-007）、2025 年 2 月 19 日在巨潮资讯网（www.cninfo.com.cn）上披露的《致欧家居科技股份有限公 司回购报告书》（公告编号：2025-01 ...

Core Viewpoint - The company, Zhiyou Home Technology Co., Ltd., has announced its 2024 annual profit distribution plan, which includes a cash dividend distribution based on the adjusted total share capital after accounting for repurchased shares [1][2][4]. Summary by Sections Profit Distribution Plan - The profit distribution plan involves distributing a cash dividend of 1.992313 yuan per 10 shares, calculated based on the total share capital of 402,388,475 shares, excluding repurchased shares [2][4]. - The total cash dividend amount is expected to be 80,168,395.00 yuan (including tax) [4][7]. Share Capital Adjustments - The company's total share capital will increase from 401,500,000 shares to 402,388,475 shares after the vesting of 888,475 restricted shares [3][4]. - The actual participating share capital for the distribution is 400,841,975 shares after excluding 1,546,500 shares held in the repurchase account [2][4]. Key Dates - The record date for the profit distribution is set for June 11, 2025, and the ex-dividend date is June 12, 2025 [6][8]. Distribution Method - Cash dividends will be directly credited to the accounts of shareholders through their custodial securities companies on the ex-dividend date [6][8]. Taxation Details - The company will not withhold individual income tax at the time of distribution; instead, it will be calculated based on the holding period when shares are sold [4][5].

证券代码：301376 证券简称：致欧科技 公告编号：2025-046 致欧家居科技股份有限公司 2024 年度权益分派实施公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 特别提示： 1、公司 2024 年度股东大会审议通过《关于公司 2024 年度利润分配预案的议 案》，分配方案为：以实施分红的股权登记日在中国证券登记结算有限责任公司 登记的总股数扣除回购专户中已回购股份后的股数为基数，每 10 股派发现金红利 2 元（含税），不以公积金转增股本，不送红股，公司剩余未分配利润结转以后年 度分配。 公司权益分派具体实施前因股份回购、股权激励行权、再融资新增股份等原 因发生股本变动的，以权益分派实施时股权登记日的总股本为基数（扣除回购账 户股份），公司将按每股分配比例不变的原则，相应调整分红总额。 2、自权益分派方案披露至实施期间，公司完成了 2024 年股权激励计划首次 授予部分第一个归属期归属股份的登记工作，归属限制性股票 888,475 股。归属完 成后，公司总股本由 401,500,000 股增加至 402,388,475 股。 3、截至本公告披露 ...