第六届董事会第四十六次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 琏升科技股份有限公司（简称"公司"）于2025年6月6日以邮件和微信等形式发出 会议通知，公司定于2025年6月9日上午10:00以通讯表决的方式召开第六届董事会第 四十六次会议审议相关议案。本次会议由董事长黄明良先生召集和主持。本次会议应 出席的董事共7名，实际出席董事共7名；公司监事、高级管理人员列席会议。本次董 事会会议的通知和召开程序均符合相关法律法规和公司章程的规定。 二、董事会会议审议情况 经与会董事审议并记名投票表决，会议通过了如下议案： （一） 审议通过《关于为控股孙公司向金融机构申请借款提供担保的议案》 证券代码：300051 证券简称：琏升科技 公告编号：2025-043 琏升科技股份有限公司 为促进公司控股孙公司眉山琏升光伏科技有限公司（简称"眉山琏升"）业务发 展，满足其资金周转需要，眉山琏升拟向中国银行股份有限公司（简称"中国银行"） 申请融资额度6,000万，授信期限12个月，账期不超过6个月，用于生产经营周转；非 敞口授信2 ...

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].

Core Viewpoint - The control change of Diou Home (002798.SZ) is distinct from other listed companies, with the introduction of Zhu Jiang as a new actual controller alongside existing controllers Liu Jin and Wu Zhixiong through a strategic cooperation agreement [1][5]. Group 1: Control Change and Governance - Zhu Jiang will gain significant control over Diou Home, with the right to nominate the chairman and five out of nine board members, and his opinion will prevail in case of disagreements during negotiations [2][6][7]. - The board will consist of nine members, with Zhu Jiang having the authority to nominate five candidates, indicating a shift in governance dynamics [6][8]. Group 2: Financial Situation and Risks - Diou Home faces convertible bond repayment risks, having issued a total of 1.5 billion yuan in convertible bonds in October 2021, with the conversion price adjusted down to 5.1 yuan per share by November 2024 [3][4]. - As of March 2023, the outstanding balance of these convertible bonds was 1.452 billion yuan, and Zhu Jiang's entities began increasing their stake in the company around the same time [4][5]. - The company's debt situation has deteriorated significantly, with the debt-to-asset ratio rising from approximately 16.6% in 2017 to 72.3% in 2024, and owner equity dropping from 4.54 billion yuan in 2021 to about 1.59 billion yuan in early 2023 [5]. Group 3: Zhu Jiang's Background and Investment Strategy - Zhu Jiang, born in 1983, has extensive experience in the securities and investment sectors, previously serving as chairman of San Tai Holdings and engaging with multiple listed companies in Sichuan [1][10]. - His investment strategy focuses on "problematic companies," particularly those with frozen or judicially auctioned shares, as seen in his involvement with companies like San Wu Huliang (now Liansheng Technology) and Xunyou Technology [2][12].

| 股东名称 | A 股普通股 (股) | 持有权益比例 | | --- | --- | --- | | 刘进 | 31,016,189 | 7.86% | | 陈伟 | 30,055,597 | 7.62% | | 吴志雄 | 30,421,897 | 7.71% | | 合计 | 91,493,683 | 23.20% | 每日经济新闻在报道《帝欧家居控制权生变！"80后"资本老手朱江入局，与多名四川资本"玩家"有 交集》中指出，1983年出生的朱江，在资本市场上却已是老手，其曾涉足三泰控股(SZ002312，川发龙 蟒前身)、三五互联(SZ300051，琏升科技前身)和迅游科技(SZ300467)，并与资本市场上的重要玩家唐光 跃和黄明良均存在交集。 2022年、2023年、2024年，帝欧家居的营业收入分别为41.12亿元、37.60亿元、27.41亿元；归属于 上市公司股东的净利润分别为-15.08亿元、-6.58亿元、-5.69亿元；归属于上市公司股东的扣除非经常性 中国经济网北京6月6日讯 帝欧家居(002798.SZ)今日复牌，截至收盘报5.46元，跌幅4.04%，总市值 21.52亿元。停牌 ...

Core Viewpoint - The control of Diou Home (SZ002798) has changed hands to Zhu Jiang, Liu Jin, Chen Wei, and Wu Zhixiong as of June 5, 2023, following the signing of a concerted action agreement. Zhu Jiang is the actual controller of Chengdu Shuihua Hulian Technology Co., which holds 100% of Chengdu Shuihua Zhiyun Technology Co., a significant shareholder of Diou Home [1][2][4]. Group 1: Control Change and Shareholding - On June 5, 2023, Diou Home announced a change in its actual controller to Zhu Jiang and others, indicating a shift in company governance [1][4]. - As of the announcement date, Zhu Jiang and his concerted actors hold a combined 26.46% equity in Diou Home, establishing them as the actual controllers [4][6]. - Prior to this, on May 17, 2023, Shuihua Zhiyun had increased its stake in Diou Home, acquiring approximately 12.87 million shares and 526,200 convertible bonds, bringing their total equity to 5.000011% [2][4]. Group 2: Financial Performance and Challenges - Diou Home has faced declining performance and asset conditions, with a reported accumulated deficit of 1.258 billion yuan as of December 31, 2024, exceeding one-third of its paid-in capital of 394 million yuan [6]. - The company operates in the bathroom and building ceramics sector, with brands including "Diwang" sanitary ware and "Oushinou" ceramics [5][6]. Group 3: Zhu Jiang's Background - Zhu Jiang, born in 1983, is an experienced player in the capital market, having previously been involved with companies such as San Tai Holdings and San Wu Hulian [1][7]. - He has held significant positions in various financial institutions and has been a key figure in several companies, showcasing his extensive experience in corporate governance and investment [8][9].

Core Viewpoint - Since 2025, A-shares have experienced a significant reshuffling in revenue recognition methods, with over 30 listed companies adjusting their accounting practices, leading to a total revenue reduction exceeding 10 billion yuan [1][2]. Group 1: Revenue Recognition Adjustments - More than 30 listed companies have announced corrections related to revenue recognition methods, switching from gross to net accounting, resulting in a total revenue adjustment of over 10 billion yuan [1]. - Companies like *ST Hu Ke and Te Rui De have made significant adjustments, with *ST Hu Ke's revenue dropping by over 90% for the first nine months of 2024 due to the change in accounting method [1]. - The adjustments are primarily concentrated in trade, especially in bulk commodities and supply chain trade, where misapplication of revenue recognition methods is common [2]. Group 2: Areas of Misapplication - The misapplication of revenue recognition methods is prevalent in several sectors, including trade, charging services, and technical services [2]. - For instance, companies like Aote Xun and Beiba Media have changed their revenue recognition from gross to net due to their role as service intermediaries in the new energy charging service business [2]. - Other sectors affected include e-commerce platform operations, advertising agency services, and entrusted processing, where the choice between gross and net accounting is frequently misused [2]. Group 3: Regulatory and Practical Challenges - The improper use of gross and net methods has been highlighted in multiple regulatory cases, with 63 companies penalized by the China Securities Regulatory Commission for such misapplications since 2020 [4]. - The complexity of determining control transfer and the distinction between principal and agent roles in transactions complicates the correct application of revenue recognition methods [5]. - Regulatory bodies have emphasized the need for clearer guidelines and training to help companies navigate the complexities of revenue recognition [7]. Group 4: Investor Considerations - Investors are advised to focus on cash flow rather than revenue, remain cautious of companies frequently changing their main business, and avoid complex related-party transactions that may indicate financial manipulation [8]. - The use of net accounting can reflect a company's true commercial role, and investors should analyze the underlying business logic and regulatory dynamics to assess revenue authenticity [7][8].

Core Viewpoint - The article discusses the potential change in control of Diou Home (002798.SZ), a leading company in the bathroom industry, as its major shareholders are planning to reorganize their shareholding structure, which may lead to a change in the company's control [2][4]. Group 1: Company Overview - Diou Home is one of the earliest bathroom manufacturing enterprises in China, having expanded into the ceramic industry through acquisitions. It owns two major brands: "Diwang" sanitary ware and "Oushennu" ceramics, covering a full range of tiles and bathroom products [10]. - The company has six production bases located in Chengdu, Chongqing, Foshan, Guangxi, and Jingdezhen [10]. Group 2: Financial Performance - Diou Home has reported continuous losses for three consecutive years, with total losses amounting to 2.7 billion yuan. Its total assets have decreased from 11 billion yuan to approximately 6 billion yuan [4][11]. - The company's revenue has declined from 41.12 billion yuan in 2022 to 27.41 billion yuan in 2024, with net profits of -15.09 billion yuan, -6.58 billion yuan, and -5.69 billion yuan during the same period [11]. - In the first quarter of 2025, the company's revenue continued to decline by 10.16% to 507 million yuan, with a net loss of 44.07 million yuan, which is a slight improvement compared to the previous year [11]. Group 3: Shareholding Changes - The major shareholders, Liu Jin, Chen Wei, and Wu Zhixiong, are planning to reorganize their shareholding structure, which may involve a change in control of the company. They currently hold 7.87%, 7.72%, and 7.62% of the shares, respectively [7][11]. - Zhu Jiang, another shareholder, has increased his stake in Diou Home to over 6.45%, making him the fifth-largest shareholder [7][8]. - The Sichuan Capital Market Rescue Fund, which was introduced in 2022 to help the company, remains the fourth-largest shareholder, holding 21.89 million shares, equivalent to 5.55% of the total shares [11]. Group 4: Market Context - The article highlights the challenges faced by the home furnishing market, particularly due to the sluggish real estate sector and increasing competition among brands [8][10]. - Despite the current difficulties, there are expectations for a rebound in demand for home improvement and smart home products due to government policies aimed at boosting domestic consumption [12].

北京兰台（厦门）律师事务所 关于琏升科技股份有限公司 2024 年年度股东大会的 法律意见书 北京兰台（厦门）律师事务所 关于琏升科技股份有限公司 2024 年年度股东大会的 法律意见书 致：琏升科技股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）《中华 人民共和国证券法》（以下简称"《证券法》"）及中国证券监督管理委 员会《上市公司股东大会规则》（以下简称"《股东大会规则》"）《律 师事务所从事证券法律业务管理办法》（以下简称"《从业办法》"） 《律师事务所证券法律业务执业规则 (试行)》（以下简称"《执业规则》"） 等法律、法规和规范性文件的规定及《琏升科技股份有限公司章程》(以 下简称"《公司章程》")的有关规定， 北京兰台（厦门）律师事务所 （以下简称"本所"）受琏升科技股份有限公司（以下简称"公司"）的 委托，委派卓漫桦、邱世豪律师（以下简称"本所律师"）列席公司 2024 年年度股东大会（以下简称"本次股东大会"）进行见证，并出具本法律 意见书。 本所及本所律师依据《公司法》《证券法》《股东大会规则》《从业 办法》和《执业规则》等规定及本法律意见书出具日以前已经发生或者 存在的 ...

证券代码：300051 证券简称：琏升科技 公告编号：2025-042 琏升科技股份有限公司 2024 年年度股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东大会未出现否决议案的情形 2、本次股东大会不涉及变更先前股东大会决议的情形 一、会议召开与出席情况 （一）会议召开情况 2025 年 4 月 29 日，琏升科技股份有限公司（以下简称"公司"）以公告方 式向全体股东发出 2024 年年度股东大会通知，具体内容详见公司在巨潮资讯网 （www.cninfo.com.cn）披露的《关于召开 2024 年年度股东大会的通知》（公告 编号：2025-036）。 2025 年 5 月 23 日，公司 2024 年年度股东大会采用现场表决与网络投票相 结合的方式召开；其中： 1、现场会议于 2025 年 5 月 23 日下午 14:50 起在厦门市思明区软件园二期 观日路 8 号琏升科技股份有限公司会议室召开。 2、网络投票时间为 2025 年 5 月 23 日特定时间段： （1）通过深圳证券交易所交易系统进行网络投票的具体时间 ...

琏升科技股份有限公司 投资者关系活动记录表 证券代码：300051 证券简称：琏升科技 编号：2025-001 | | 能够实现量产？ | | --- | --- | | | 答:尊敬的投资者，您好！公司高度重视新技术开发，目前公 | | | 司研发的HJT/钙钛矿叠层太阳能电池，经过国家太阳能光伏产品质 | | | 量检验检测中心认证，转换效率达到32.99%。后续公司将积极推进 | | | 该技术进一步的研发，直至量产。感谢您的关注！ | | | 4.子公司天津琏升、眉山琏升亏损的原因是什么 | | | 答:尊敬的投资者，您好！公司子公司天津琏升、眉山琏升亏 | | | 损，主要系晶硅异质结太阳能电池项目受光伏行业周期性影响，产 | | | 品价格下滑，产能利用率不足所致。公司管理层将深化精益管理， | | | 增强核心竞争力，提升经营业绩。感谢您的关注！ | | | 5.靶材无铟化技术是不是已经应用到量产线上了 | | | 答:尊敬的投资者，您好！公司无铟靶材技术已完成量产技术 | | | 开发，相关产品已通过可靠性验证，并于2024年批量出货。感谢您 | | | 的关注！ | | | 6.去年营业收入 ...