FSM(SZ:002818) Huan Qiu Wang·2026-01-26 03:52Group 1: Industry Developments - The Chinese government is implementing a unified subsidy standard for the "old-for-new" consumption policy, targeting various categories including automobiles and home appliances, while cracking down on fraudulent subsidy claims [1] - The furniture retail sector in China is projected to reach a total retail sales of 209.2 billion yuan by 2025, reflecting a year-on-year growth of 14.6% [2] - Multiple furniture projects have recently commenced in Nankang, Jiangxi, including a 6 billion yuan investment in a new furniture expo center [13] Group 2: Company News - Yunfeng Moganshan has submitted a listing application to the Hong Kong Stock Exchange, with annual revenues exceeding 3 billion yuan, aiming to expand its business [3] - Jianfa Co. has issued its first-ever profit warning, citing losses primarily due to its real estate and home retail businesses [4] - Meike Home's controlling shareholder has had all shares frozen due to a debt of 44 million yuan, although the company reports normal operations [7] - Dongyi Yisheng has undergone a change in actual control, with Zhang Jianhua becoming the new actual controller following a restructuring plan [8] - Fusenmei's chairman has had his detention lifted and is now under a "responsible inquiry" status, with the company stating normal operations [9] - IKEA has launched an instant retail service in collaboration with JD.com, marking a strategic shift towards immediate home delivery services [10] - Vanke Home has partnered with Alipay to introduce a fund custody service aimed at enhancing consumer trust in home renovation projects [11][12]