EASYHOME(SZ:000785) 中国基金报·2025-07-28 03:18Core Viewpoint - The unexpected death of Wang Linpeng, the actual controller, chairman, and CEO of Juran Smart Home Group, raises concerns about the company's future and ongoing challenges in the home furnishing industry [1][3]. Group 1: Company Events - On July 27, Wang Linpeng reportedly fell to his death, confirmed by multiple industry insiders, while the company had not yet issued an official announcement [1]. - Just days prior, on July 23, the company announced that Wang's detention had been changed to a directive for investigation, allowing him to return to work [1][2]. - Wang Linpeng had been actively involved in promoting the company's digital transformation and had recently participated in industry forums [3][5]. Group 2: Financial Performance - Juran Smart Home's financial performance has been declining, with a reported revenue of 12.966 billion yuan in 2024, a decrease of 4.04% year-on-year, and a net profit drop of 32.08% to 883 million yuan [7]. - The company attributed its performance decline to economic fluctuations and increased competition in the home furnishing market, leading to pressure on merchants [7]. - As of September 2024, the company's cash reserves were only 2.082 billion yuan, while short-term debts and non-current liabilities totaled approximately 4.7 billion yuan [7]. Group 3: Company Background - Juran Smart Home, established in 1999, operates as a large commercial chain group focusing on home furnishing and related services [8]. - The company went public in December 2019 through a reverse merger with Wuhan Zhongshang, with a valuation of 35.65 billion yuan [8]. - As of the latest report, major shareholders include Juran Holdings, Huixin Da, and Beijing Jinju Group, with Wang Linpeng holding a 5.95% stake [8].