Financial Performance - The company reported a total revenue of 1.2 billion RMB for the fiscal year 2024, representing a year-over-year increase of 15% compared to 2023[16]. - The company's operating revenue for 2024 reached ¥8,123,835,098.24, representing a 33.74% increase compared to ¥6,074,187,229.49 in 2023[21]. - In 2024, the company achieved total revenue of 8.124 billion yuan, a year-on-year increase of 33.74%, while net profit was 334 million yuan, a decrease of 19.21%[52]. - The net profit attributable to shareholders decreased by 19.21% to ¥333,573,745.07 in 2024 from ¥412,883,749.90 in 2023[21]. - The basic earnings per share for 2024 was ¥0.83, down 23.15% from ¥1.08 in 2023[21]. - Revenue from other B2C third-party platforms reached 903 million yuan, a year-on-year growth of 99.7%, with significant contributions from the TEMU platform[54]. - The company reported a significant increase in sales from other regions, with a growth rate of 68.77% to ¥57,101,250.42[90]. - The company achieved a gross margin of 34.74% in the cross-border e-commerce retail sector, a decrease of 1.75% compared to the previous year[92]. User Growth and Market Expansion - User data indicates a growth in active users to 5 million, up from 4 million in the previous year, marking a 25% increase[16]. - The company has entered over 70 countries and regions, serving more than 20 million global households[47]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2025[16]. - The company plans to expand its presence in the European market, focusing on new product development and channel expansion to drive growth[136]. - The company is focusing on expanding its market presence in emerging markets such as Australia, Canada, and Mexico, while also exploring opportunities in Korea, Latin America, and the Middle East[138]. Product Development and Innovation - New product launches contributed to 30% of total sales, with the introduction of three innovative furniture lines[16]. - The company plans to expand its product offerings into larger furniture categories, responding to increasing online search volumes for items like beds and sofas[33]. - The company is focusing on enhancing product competitiveness through the development of new furniture designs and expanding its product matrix[104]. - The company is actively pursuing innovation in the TV cabinet category to improve market share and operational efficiency[104]. - The company launched a new product series featuring tool-less installation technology, significantly enhancing user experience and reducing packaging waste[61]. Research and Development - Research and development expenses increased by 12% to 150 million RMB, focusing on sustainable materials and smart home technology[16]. - R&D investment increased by 28.65% to 77.29 million yuan, resulting in 424 new global patent authorizations, including 383 design patents[61]. - The number of R&D personnel increased by 16.03% to 304, with a notable rise in the number of master's degree holders by 25.00%[105]. - The company is enhancing its R&D and product design capabilities to maintain its competitive edge in the furniture and home goods market[145]. Supply Chain and Logistics - The company is adapting to a "China + N" supply chain model to mitigate risks associated with global trade uncertainties[37]. - The company optimized logistics by establishing five new front warehouses in France, Spain, and Italy, reducing average shipping costs by 0.7 to 2.4 USD per package and improving delivery times by 1-2 days[52]. - The company has established a global mixed warehousing network, with self-operated warehouse area reaching 334,900 square meters by the end of 2024, covering key markets in Europe and North America[66]. - The logistics costs for foreign trade enterprises have surged due to global supply chain disruptions, impacting operational stability[39]. Financial Management and Investments - Cash dividends of 2 RMB per 10 shares will be distributed to shareholders, based on a total of 399,953,500 shares[7]. - The company raised a total of RMB 990,099,000 through the issuance of 40,150,000 shares at a price of RMB 24.66 per share[124]. - The net amount raised after deducting issuance costs was RMB 892,080,354.46, which was verified by PwC[124]. - The company has committed to several investment projects, including a research and design center with a total investment of RMB 31,802.26 million, of which RMB 2,916.76 million has been utilized, representing 17.14% of the total[128]. Risk Management - The company faces potential risks related to supply chain disruptions and inflationary pressures, with strategies in place to mitigate these risks[7]. - The company is actively monitoring foreign exchange risks and engaging in hedging activities to mitigate potential losses from currency fluctuations[142]. - The company is addressing geopolitical and trade friction risks by diversifying its supply chain and focusing on emerging markets[143]. Corporate Governance - The company emphasizes transparent information disclosure, adhering to legal requirements and ensuring fair access to information for all shareholders[158][159]. - The company maintains independence from its controlling shareholders, ensuring no interference in operational decisions and no provision of guarantees to them[153][160]. - The board of directors consists of 9 members, including 3 independent directors, and held 9 meetings to discuss various topics including financial reports and fund usage[154][155]. Employee Management - The total number of employees at the end of the reporting period is 1,662, with 1,350 in the parent company and 312 in major subsidiaries[193]. - The company has established a comprehensive employee training system to support business innovation and strategic goals, focusing on management and professional skills development[196]. - The company has a competitive salary system based on a three-dimensional evaluation system, aiming to drive rapid business growth and strategic implementation[195].

Financial Performance - The company's revenue for Q1 2025 reached ¥2,091,255,102.87, representing a 13.56% increase compared to ¥1,841,609,961.04 in the same period last year[5] - Net profit attributable to shareholders was ¥110,895,216.95, up 10.30% from ¥100,538,681.31 year-on-year[5] - The basic earnings per share rose to ¥0.28, reflecting a 12.00% increase from ¥0.25 in the same quarter last year[5] - Total operating revenue for the current period reached ¥2,091,255,102.87, an increase of 13.6% compared to ¥1,841,609,961.04 in the previous period[20] - Net profit for the current period was ¥110,895,216.95, reflecting a growth of 10.3% from ¥100,538,681.31 in the previous period[20] Cash Flow - The net cash flow from operating activities increased by 56.56% to ¥686,274,537.80, compared to ¥438,359,012.44 in the previous year[12] - Total cash inflow from operating activities reached ¥1.99 billion, compared to ¥1.80 billion in the previous period, marking an increase of 10.5%[23] - Cash inflow from operating activities included ¥1.83 billion from sales, an increase from ¥1.67 billion, representing a growth of 9.7%[23] - The company’s cash flow from operating activities showed an increase, with cash received from tax refunds rising to ¥132,876,259.85 from ¥111,723,511.66 in the previous period[22] - Net cash flow from investing activities improved by 72.36%, with a net outflow of ¥35,728,800.53 compared to a larger outflow of ¥129,285,415.76 in the previous year[12] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,462,096,110.02, a 3.03% increase from ¥6,271,767,256.53 at the end of the previous year[5] - Total liabilities increased to ¥3,114,728,387.37, up from ¥3,044,634,146.33, representing a growth of 2.3%[19] - The company’s total equity increased to ¥3,347,367,722.65 from ¥3,227,133,110.20, reflecting a growth of 3.7%[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 9,317[13] - The largest shareholder, Song Chuan, holds 50.13% of the shares, totaling 201,268,169 shares[13] - The company has not disclosed any changes in the participation of major shareholders in margin financing and securities lending[14] - There are no preferred shareholders or changes in restricted shares reported[14] - The company has not identified any related party relationships among shareholders beyond those disclosed[13] Expenses - Management expenses increased by 34.77% to ¥91,383,976.17, mainly due to higher compensation and share-based payment expenses[11] - Research and development expenses for the current period were ¥17,233,976.78, slightly down from ¥17,380,398.43 in the previous period[20] - Cash outflow for employee payments rose to ¥156.25 million from ¥131.00 million, an increase of 19.3%[23] Share Repurchase and Fundraising - The company plans to repurchase shares with a total amount not less than RMB 50 million and not exceeding RMB 100 million, with a maximum repurchase price of RMB 28.00 per share[14] - The estimated number of shares to be repurchased ranges from 178,570 shares (0.44% of total shares) to 357,140 shares (0.89% of total shares) based on the repurchase price[14] - The company is establishing an industrial fund with a target fundraising scale of RMB 1 billion, with an initial fundraising of RMB 652 million[15] - The company will contribute RMB 10 million to the industrial fund, representing 1.534% of the initial fundraising amount[15] - The repurchase period for the shares is set for up to 12 months from the board's approval date[14] Financial Gains and Losses - The company experienced a 204.09% decrease in financial expenses, resulting in a gain of ¥26,588,361.00, attributed to significant foreign exchange gains[11] - The impact of exchange rate changes on cash and cash equivalents was positive at ¥11.41 million, compared to a negative impact of -¥0.36 million in the previous period[23]

证券代码：301376 证券简称：致欧科技 公告编号：2025-017 致欧家居科技股份有限公司 关于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、完整，没有 虚假记载、误导性陈述或重大遗漏。 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 ...

证券代码：301376 证券简称：致欧科技 公告编号：2025-016 致欧家居科技股份有限公司 关于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、完整，没有 虚假记载、误导性陈述或重大遗漏。 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 ...

证券代码：301376 证券简称：致欧科技 公告编号：2025-015 致欧家居科技股份有限公司 关于首次回购公司股份的公告 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。 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）。按照回购资金总额下限人民 币 5,000 万元、回购价格上限人民币 28.00 元/股进行测算，预计回购股份数量为 178.57 万股，占公司当前总股本的 0.44%；按照回购资金总额上限人民币 10,000 万元、回购价格上限人民币 28.00 元/股进行测算，预计回购股份数量 ...

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 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）（暂定名，具体 以市场监督管理部门核准登记的名称为准，以下简称"基金"或"合伙企业"）。具体 内容详见公司于 2025 年 1 月 6 日披露于巨潮资讯网（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）。 证券代码：301376 证券简称：致欧科技 公告编号：2025-014 1 | 2 | 有限合伙人 | 长沙市产业投资基金合伙企业（有限合 | 14,500 | 22.239% | | --- | --- | --- | --- | --- | | | | 伙） | | | | 3 | 有限合伙人 | 长沙天心新 ...

1 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- ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative return of over 20% within the next six months [5][17]. Core Views - The company demonstrates confidence in its operations through a share buyback plan, which is aimed at implementing employee stock ownership and incentive plans, with a total buyback amount between 50 million to 100 million yuan, at a price not exceeding 28 yuan per share [1]. - The company is expanding its product categories, focusing on home products, furniture, pet products, and outdoor sports, with significant year-on-year growth rates of 50.2%, 39.4%, 37.3%, and 3.4% respectively for the first half of 2024 [2]. - The company is enhancing its supply chain capabilities, with a shift towards Southeast Asia for procurement to mitigate tariff impacts, and an expected improvement in gross margins due to the completion of its U.S. warehouse layout [3]. - The financial forecast has been adjusted, with expected net profits for 2024-2026 projected at 390.25 million, 568.28 million, and 727.11 million yuan respectively, reflecting a recovery in profitability [4]. Financial Data Summary - Revenue for 2022 was 5,455.39 million yuan, with a projected increase to 8,061.16 million yuan in 2024, representing a growth rate of 32.71% [10][11]. - The company's net profit for 2022 was 250.11 million yuan, with an expected decline to 390.25 million yuan in 2024, followed by a recovery to 568.28 million yuan in 2025 [10][11]. - The company's earnings per share (EPS) is projected to be 0.97 yuan in 2024, increasing to 1.42 yuan in 2025 [10][11].

Investment Rating - The investment rating for the company is not explicitly stated in the provided documents, but the report indicates a positive outlook on the company's growth potential and confidence in its future development [1]. Core Insights - The company has announced a share repurchase plan, demonstrating confidence in its future prospects and internal value recognition, which is expected to motivate core team members and stimulate growth [1]. - The company is projected to experience robust revenue growth in 2024, driven by stable performance in the European market and accelerated contributions from the U.S. market, alongside expansion into emerging markets [2]. - Profitability may face slight pressure in 2024 due to increased shipping costs, but the company is expected to benefit from a global supply chain restructuring and a decrease in shipping prices in 2025 [2]. - Sales growth is anticipated to remain steady in Q1 2025, with significant potential for growth due to the company's focus on brand development and supply chain expansion [3]. Financial Summary - Total revenue is projected to grow from 6,074 million in 2023 to 10,131 million in 2025, reflecting a year-on-year growth rate of 26.3% [6]. - The net profit attributable to the parent company is expected to increase from 413 million in 2023 to 631 million in 2025, with a year-on-year growth rate of 62.1% [6]. - The gross profit margin is forecasted to stabilize around 36.1% from 2025 onwards, while the return on equity (ROE) is expected to improve to 15.6% in 2025 [6]. - Earnings per share (EPS) is projected to rise from 1.03 in 2023 to 1.57 in 2025, indicating a positive trend in profitability [6].

证券代码：301376 证券简称：致欧科技 公告编号：2025-012 致欧家居科技股份有限公司 回购报告书 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。 重要内容提示： 1、回购方案主要内容 致欧家居科技股份有限公司（以下简称"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）。按照回购资金 总额下限人民币 5,000 万元、回购价格上限人民币 28.00 元/股进行测算，预计回购 股份数量为 178.57 万股，占公司当前总股本的 0.44%；按照回购资金总额上限人 民币 10,000 万元、回购价格上限人民币 28.00 元/股进行测算，预计回购股份数量 为 357.14 万股，占公司当前总股本的 0.89%。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 ...