A-Zenith(SH:603389) Zheng Quan Zhi Xing·2025-08-27 12:04Core Viewpoint - The company, Yazhen Home Co., Ltd., is facing significant challenges in the furniture industry due to multiple factors including real estate market adjustments, raw material price fluctuations, and macroeconomic changes, leading to growth bottlenecks. The company is diversifying its business by acquiring a 51% stake in Guangxi Zirconium Industry to enhance its operational capabilities and profitability [6]. Company Overview - Company Code: 603389 - Company Name: Yazhen Home Co., Ltd. - Stock Type: A-shares listed on Shanghai Stock Exchange - Stock Abbreviation: *ST Yazhen [2] Financial Performance - Total Assets at the end of the reporting period: ¥572.66 million, a decrease of 2.49% compared to the previous year [6] - Revenue for the reporting period: ¥105.99 million, an increase of 3.34% year-on-year [6] - Total Profit: -¥34.04 million, compared to -¥29.82 million in the previous year [6] - Net Profit attributable to shareholders: -¥33.09 million, compared to -¥28.09 million in the previous year [6] - Net Cash Flow from Operating Activities: -¥17.74 million, an improvement from -¥26.33 million in the previous year [6] - Basic Earnings per Share: -¥0.13, compared to -¥0.11 in the previous year [6] Shareholder Information - Total number of shareholders at the end of the reporting period: 7,286 [4] - Major shareholders include: - Shanghai Yazhen Investment Co., Ltd.: 25.12% [4] - Wu Tao: 24.54% [4] - Fan Weihao: 5.46% [4] - New controlling shareholder: Wu Tao, effective from May 29, 2025 [4] Significant Events - The company has acquired a 51% stake in Guangxi Zirconium Industry for ¥55.45 million, aiming to diversify its business into zirconium mining, which is expected to improve operational performance and profitability [6].