市值蒸发超百亿，卫浴龙头帝欧家居要“卖身”？

Core Viewpoint - The leading bathroom company, Diao Home, is at a critical juncture, potentially facing a change in control as its major shareholders plan to alter their unified action [1][3]. Group 1: Company Background and Control Change - Diao Home's major shareholders, Liu Jin, Chen Wei, and Wu Zhixiong, are considering a change in control, which may involve the actual controller of Chengdu Shuihua Zhiyun Technology Co., Ltd., Zhu Jiang [1][4]. - The company was founded in the 1990s by Liu Jin, Chen Wei, and Wu Zhixiong, who initially made their fortune in agate before transitioning to the acrylic sanitary ware market [7][8]. - Diao Home, previously known as Diwang Sanitary Ware, went public in 2016 and later acquired the ceramic giant Oushennuo, rebranding itself as Diao Home [1][8]. Group 2: Financial Performance - Diao Home's market value has plummeted by over 10 billion, with revenue dropping from 6.147 billion in 2021 to 2.741 billion in 2024, marking a significant decline [1][11]. - The company's net profit has been in a continuous loss for three years, with losses of 1.509 billion, 658 million, and 569 million recorded from 2022 to 2024 [11][12]. - The revenue from both distribution and engineering channels has decreased, with the engineering channel seeing a staggering 51.93% drop in 2024 [11]. Group 3: Management and Employee Trends - Despite the declining performance, the total compensation for the management team has increased, contrasting with a reduction in employee numbers from 6,848 in 2021 to 3,942 in 2024 [2][14]. - The management's total pre-tax compensation rose from 4.4278 million in 2021 to 6.6734 million in 2024, while the number of employees decreased significantly [14]. Group 4: Future Outlook - Diao Home's stock price has fallen over 80% from its peak of 43.7 yuan per share, with a current market value of only 2.243 billion [14]. - The potential change in control raises questions about whether the company can revitalize under new leadership [14].