OPPEIN(SH:603833) Zhong Jin Zai Xian·2025-08-05 08:55Core Viewpoint - The home furnishing industry is undergoing significant adjustments and structural challenges due to macroeconomic fluctuations and consumer recovery pressures, prompting leading companies like Oppein Home (603833.SH) to issue strong statements to counter misinformation regarding operational crises and dividend violations, reaffirming their positive fundamentals [1] Group 1: Credit and Compliance - Oppein Home has a solid credit foundation, holding a top AAA credit rating from banks, with total bank credit reaching 30.39 billion yuan and unused credit at 24.93 billion yuan, reflecting strong trust from financial institutions [2] - The company was awarded the highest tax compliance honor as a "Class A Taxpayer" for 2025, adhering strictly to national tax regulations [3] - Oppein Home has maintained the highest level of information disclosure rating (Class A) for six consecutive years, with only about 18.9% of companies achieving this rating during the evaluation period, highlighting its commitment to transparency and compliance [3] Group 2: Operational Resilience - Despite industry-wide growth pressures, Oppein Home demonstrated robust performance with Q1 2025 revenue of 3.447 billion yuan and a net profit of 307.9 million yuan, marking a year-on-year increase of 41.29% [4] - The company reported a healthy cash flow, with net cash from operating activities reaching 5.499 billion yuan in 2024, up 12.73%, and 772 million yuan in Q1 2025, up 270.91% [4] - Oppein Home's financial structure is secure, with strong cash reserves and low debt ratios, indicating low short-term and long-term repayment pressure [4] Group 3: Shareholder Returns - The cash dividend plan for 2024 aligns with the company's three-year shareholder return strategy, ensuring compliance with decision-making procedures [6] - Oppein Home has progressively increased its cash dividend payout ratios over the past three years, reaching 57.8% [7] - Since its listing in 2017, the company has distributed a total of 7.23 billion yuan in dividends, significantly exceeding its cumulative financing of 5.574 billion yuan, demonstrating a commitment to shareholder returns [8] Group 4: Legal and Industry Advocacy - Oppein Home has initiated legal actions against the spread of false information, asserting that its operations are normal and management is stable [9] - The company recognizes that the challenges it faces reflect broader issues within the home furnishing industry, urging for objective and rational reporting to foster a supportive environment for industry recovery [10] - Oppein Home emphasizes the importance of industry collaboration and adherence to ethical standards to navigate through current challenges and achieve future growth [11]