证券代码:603833 证券简称:欧派家居 公告编号:2025-035 转债代码:113655 转债简称:欧 22 转债 欧派家居集团股份有限公司 关于签订募集资金专户存储四方监管协议的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其 内 容的真实性、准确性和完整性承担法律责任。 一、募集资金基本情况 经中国证券监督管理委员会《关于核准欧派家居集团股份有限公司公开发行可转换公司债 券的批复》（证监许可【2022】1328号）核准，欧派家居集团股份有限公司（以下简称"欧派 家居"）向社会公开发行可转换公司债券2,000万张，每张面值100元，按面值发行，募集资金 总 额 为 人 民 币 2,000,000,000.00 元 。 经 华 兴 会 计 师 事 务 所 （ 特 殊 普 通 合 伙 ） " 华 兴 验 字 202221010220082号"《验资报告》审验，截至2022年8月11日止，公司募集资金总额为人民币 二、《募集资金专户存储四方监管协议》的签订情况和募集资金专户的开立情况 公司于2025年4月24日召开第四届董事会第二十二次会议，审议通过了《关于新设募 ...

证券代码：603833 证券简称：欧派家居 公告编号：2025-036 转债代码：113655 转债简称：欧 22 转债 欧派家居集团股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一) 股东大会召开的时间：2025 年 05 月 28 日 (二) 股东大会召开的地点：广州市白云区广花三路 366 号公司新总部办公 楼三楼会议室 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 份总数的比例（%） (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况 等。 本次股东大会由公司董事会召集，鉴于董事长姚良松先生因工作原因未能出 席本次会议，根据《公司章程》有关规定，经出席会议全体董事（半数以上董事） 共同推举副董事长姚良柏先生主持本次股东大会。 本次会议以现场投票和网络投票相结合的方式对股东大会通知中列明的事 项进行了投票表决。其中：出席本次股东大会现场会议的股东以记名表决的方式 对本次股东大会通知中列明 ...

码：518038 广东信达律师事务所 股东大会 法律意见书 中国 深圳 福田区益田路6001号太平金融大厦11、12楼 邮政编 广东信达律师事务所（下称"信达"）接受欧派家居集团股份有限公司（下 称"欧派家居"或"公司"）的委托，指派信达律师出席欧派家居 2024 年年度 股东大会（下称"本次股东大会"），对欧派家居本次股东大会的合法性进行见 证，并出具本《广东信达律师事务所关于欧派家居集团股份有限公司 2024 年年 度股东大会的法律意见书》（下称"本法律意见书"）。 本法律意见书系根据《中华人民共和国公司法》（下称"《公司法》"）、 《上市公司股东大会规则》（下称"《股东大会规则》"）等法律、法规、规范 性文件以及现行有效的《欧派家居集团股份有限公司章程》 （下称"《公司章程》"） 的规定，并基于对本法律意见书出具日前已经发生或存在事实的调查和了解发表 法律意见。 为出具本法律意见书，信达已严格履行法定职责，遵循了勤勉尽责和诚实信 广东信达律师事务所 股东大会法律意见书 用原则，现场参与和审阅了欧派家居本次股东大会的相关文件和资料，并得到了 欧派家居的如下保证：其向信达提供的与本法律意见书相关的文件资料均 ...

欧派家居集团股份有限公司 关于签订募集资金专户存储四方监管协议的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内 容的真实性、准确性和完整性承担法律责任。 一、募集资金基本情况 证券代码:603833 证券简称:欧派家居 公告编号:2025-035 转债代码:113655 转债简称:欧 22 转债 经中国证券监督管理委员会《关于核准欧派家居集团股份有限公司公开发行可转换公司债 券的批复》（证监许可【2022】1328号）核准，欧派家居集团股份有限公司（以下简称"欧派 家居"）向社会公开发行可转换公司债券2,000万张，每张面值100元，按面值发行，募集资金 总额为人民币2,000,000,000.00元。经华兴会计师事务所（特殊普通合伙）"华兴验字 [2022]21010220082号"《验资报告》审验，截至2022年8月11日止，公司募集资金总额为人民币 2,000,000,000.00元，扣除发行承销费5,000,000.00元后，收到募集资金为1,995,000,000.00元。 二、《募集资金专户存储四方监管协议》的签订情况和募集资金专户的开立情况 公司于 ...

广东信达律师事务所 股东大会法律意见书 中国 深圳 福田区益田路6001号太平金融大厦11、12楼 邮政编码：518038 11-12/F, TaiPing Finance Tower,Yitian Road 6001,Futian District, ShenZhen, P.R.China 518038 电话(Tel.)：(86 755)88265288 传真(Fax.)：(86 755)88265537 电子邮件（Email）：info@sundiallawfirm.com 网址（Website）：www.sundiallawfirm.com 广东信达律师事务所 关于欧派家居集团股份有限公司 广东信达律师事务所（下称"信达"）接受欧派家居集团股份有限公司（下 称"欧派家居"或"公司"）的委托，指派信达律师出席欧派家居 2024 年年度 股东大会（下称"本次股东大会"），对欧派家居本次股东大会的合法性进行见 证，并出具本《广东信达律师事务所关于欧派家居集团股份有限公司 2024 年年 度股东大会的法律意见书》（下称"本法律意见书"）。 2024 年年度股东大会的法律意见书 信达会字（2025）第 182 号 ...

证券代码：603833 证券简称：欧派家居 公告编号：2025-036 转债代码：113655 转债简称：欧 22 转债 欧派家居集团股份有限公司 2024年年度股东大会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一) 股东大会召开的时间：2025 年 05 月 28 日 (二) 股东大会召开的地点：广州市白云区广花三路 366 号公司新总部办公 楼三楼会议室 (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况 等。 本次股东大会由公司董事会召集，鉴于董事长姚良松先生因工作原因未能出 席本次会议，根据《公司章程》有关规定，经出席会议全体董事（半数以上董事） 共同推举副董事长姚良柏先生主持本次股东大会。 本次会议以现场投票和网络投票相结合的方式对股东大会通知中列明的事 项进行了投票表决。其中：出席本次股东大会现场会议的股东以记名表决的方式 对本次股东大会通知中列明的事项进行了投票表决，并进行了监票、计票，待网 络投票结果出具后 ...

"从2024年10月到现在，'国补'一直在进行，促进了整体的消费，公司收到了很多的订单。"在5月28日 的2024年年度股东大会上，欧派家居（603833.SH）财务负责人王欢说，按照会计核算规则，以后会逐 步转成收入。根据真实发货情况，出仓之后才能形成收入。 2024年下半年，在"国补"政策下，积压多时的消费需求有所释放，已经形成的合同负债将会在收入体 现，形成一定的时间差，比如某些客户，一季度下订单后，实际装修可能在二、三季度甚至更晚。该负 责人称，各地补贴政策不一样，也有一定的额度限制，比如某些地区固定额度后，很多企业都加大营销 力度来争取这些有限的补贴额度。 关于2024年业绩，该负责人称，全年收入虽然有所下滑，没有实现预定目标，但这是因为行业和公司出 现了意料以外的变化。尽管收入下滑，但该公司的毛利率有所提升。 根据2024年年报，该公司全年实现营业收入189.25亿元，同比下降16.93%；净利润实现25.99亿元，同 比下降14.38%；为成立三十年以来的首次收入、利润双下滑。毛利率则从2023年的34.16%上升到2024 年35.91%。 该负责人称，海外业务的收入，目前占比大约为2%，该公 ...

Investment Rating - The report maintains a positive outlook on the pet supplies sector, AI glasses, and the home improvement market, highlighting potential acquisition opportunities and new product launches [2][6][27]. Core Insights - The report emphasizes the resilience of essential consumer goods in the personal care sector, with a notable trend towards domestic brands, particularly during promotional events like the 618 sales [6][14]. - The pet supplies market is experiencing consolidation opportunities, with companies like Tianyuan Pet and Yiyi Co. being recommended for their strong market positions and growth potential [6][7]. - The AI glasses segment is expected to see significant product launches in the latter half of 2025, driven by collaborations between major tech companies [12][20]. - The report highlights the positive impact of government policies on the real estate market, which is anticipated to stabilize and boost related sectors, including home improvement [27][28]. Summary by Sections New Consumer Trends - The report identifies the pet supplies sector as a key area for mergers and acquisitions, recommending companies such as Tianyuan Pet and Yiyi Co. for their strong market presence and growth prospects [6][7]. - AI glasses are positioned for growth with new product launches expected from major players like Google and XREAL, indicating a robust market expansion [12][20]. Personal Care Sector - The personal care market shows resilience, with domestic brands gaining traction, particularly during promotional periods [14]. - Recommended companies in this sector include Baiya Co., Haoyue Care, and Dengkang Oral Care, which are expected to benefit from the ongoing consumer trends [14][15]. Home Improvement and Real Estate - The report notes that government initiatives are likely to support the real estate market, leading to improved conditions for the home improvement sector [27][28]. - Companies like Sophia and Oppein Home are highlighted for their potential to benefit from the anticipated recovery in the housing market [23][27]. Paper Industry - The report mentions a price increase in the paper sector, with expectations for price stabilization due to supply adjustments [25]. - Recommended companies in this space include Sun Paper, which is noted for its integrated operations and cost advantages [25]. Export and Trade - The report discusses the impact of tariff changes on exports, particularly in the light industrial sector, with a focus on companies that have a strong competitive edge [6][20].

Investment Rating - The industry investment rating is "Positive" [2] Core Viewpoints - The report highlights a potential divergence in new consumption performance, suggesting a focus on leading companies and undervalued targets [2][3] - The report emphasizes the importance of supply chain digitalization as a core barrier in the mother and baby industry, indicating a shift towards a "content + community" ecosystem [4][5] Summary by Sections Pulp and Paper - Supply chain disruptions continue, with pulp prices recovering rapidly; needle pulp prices are at $740 (down $30 MoM) and unbleached kraft pulp at $620 (down $30 MoM) [2] - Short-term pulp prices are expected to remain low due to ongoing pressure from downstream demand [2] - Recommendations include focusing on companies like Sun Paper and Xianhe Shares for profit improvement [2] Exports - April export data shows a stable overall performance with a YoY increase of 8.1%, but regional disparities are evident [2] - Exports to the US decreased by 21%, while those to ASEAN increased by 20.8% [2] - Companies like Jiangyi Shares and Hars are recommended for short-term performance recovery [2] New Tobacco - Increased scrutiny from the FDA on illegal e-cigarette products, with a warning issued to 24 importers [3] - The report suggests that compliance suppliers will become increasingly scarce, benefiting compliant brands like Smoore International and China Tobacco Hong Kong [3] Home Furnishing - Stabilization in second-hand housing prices is noted, with 52% of key city neighborhoods seeing price increases [3] - Recommendations include companies like Gujia Home and Mousse Shares for their strong market positions [3] Consumer Goods - The pet brand sector shows strong growth, with Petty's sales during the 618 shopping festival exceeding 12 million [3] - 52TOYS has submitted an IPO application, indicating a growing trend in the collectible toy sector [3] Packaging - Yongxin Shares and Yutong Technology show stable operations with robust overseas orders [3] - The report anticipates a double-digit growth recovery in Q2 for these companies [3] Two-Wheelers - Ninebot's sales during the 618 pre-sale reached 210 million, showing a significant YoY increase [3] - Aima Technology's stock incentive plan reflects confidence in future growth [3] Jewelry - Chaohongji is planning an H-share issuance to enhance its global strategy [4] - Recommendations include brands like Laopuhuangjin and Chaohongji for their brand value [4] Cross-Border E-commerce - Increased pressure on low-value package tariffs is anticipated, with G7 discussions on imposing tariffs on Chinese products [4] - TikTok's new policies in Europe may provide growth opportunities for cross-border sellers [4] IP Retail - Pop Mart's jewelry brand is set to open its first store in Shanghai, indicating a new growth avenue [4] - Miniso's Q1 revenue reached 4.43 billion, with a notable increase in overseas store openings [4] Mother and Baby - The industry is transitioning towards a digital supply chain model, focusing on efficiency and flexibility [4] - Recommendations include leading companies like Kidswant and Goodbaby for their growth potential [4] E-commerce - Huitongda's self-branding strategy shows promising results, with significant growth in orders [5] - The report highlights the potential of AI-driven live commerce strategies [5] Electrical and Lighting - Bull Group continues to innovate with new products meeting national standards for charging stations [5] - Op Lighting is exploring new applications for LED technology in agriculture [5] Tools - The report notes a recovery in profit expectations for tool companies, despite weak global demand [5] - Recommendations include companies like Juxing Technology for their market positioning [5]

Investment Rating - The report maintains an "Outperform" rating for the light industry manufacturing sector [3] Core Viewpoints - The light industry manufacturing sector is experiencing price increases, with wood pulp paper companies announcing price hikes for various paper products starting from May 21, 2025 [2] - The report highlights a positive outlook for new consumption sub-sectors, including personal care, IP cultural products, new tobacco, smart glasses, and pet-related products [2] - Following the temporary suspension of tariffs between China and the U.S., there is a recommendation to focus on the recovery of the export chain [2] Summary by Sections Home Furnishing - In April, residential construction area decreased by 26% year-on-year, and residential sales area fell by 3.5% year-on-year [6] - Retail sales of furniture increased by 26.9% year-on-year in April, while sales in building materials and home furnishing markets decreased by 2.52% [6][39] - The report suggests focusing on leading companies in the customized home furnishing sector, such as Oppein Home and Sophia [6] Paper and Packaging - As of May 23, 2025, prices for various paper products show mixed trends, with double glue paper at 5162.5 CNY/ton and boxboard paper at 3525.4 CNY/ton [6][50] - The report recommends companies with integrated wood pulp and paper operations, such as Sun Paper, and those with strong domestic sales expectations like Huawang Technology [6] - The report notes a 7.6% year-on-year increase in fixed asset investment in the paper industry for the first four months of 2025 [6][64] Light Industry Consumption - The approval of new national standards for disposable sanitary products is expected to benefit compliant leading brands [6] - The report highlights the strong performance of personal care e-commerce in April and suggests focusing on brands like Dengkang Oral Care and Baiya [6] - The report also mentions the positive outlook for cultural products, recommending companies like Morning Glory [6] Export Chain - In April, exports of certain products like thermos cups increased by 7.34%, while pet food exports decreased by 9.08% [6] - The report anticipates a significant effect from the temporary suspension of tariffs, benefiting companies with robust domestic and international production capabilities [6] New Tobacco - The report notes the potential for new tobacco products to gain traction as international tobacco companies launch HNB products [6] - It recommends focusing on leading companies in the new tobacco sector, such as Smoore International, which has strong partnerships with major clients [6] Textile and Apparel - The textile and apparel sector is also noted for outperforming the market, with specific companies showing significant stock price increases [6][29] - The report suggests monitoring companies like Anta and Li Ning in the sportswear segment [6]