7月7日至11日，顾家家居全国购物中心816全民顾家日启动大会暨财富招商大会，在杭州主会场成功举 行，呼和浩特、成都分会场同步联动。本次大会深度聚焦购物中心渠道战略转型，通过趋势洞察、产品 革新、模式验证及生态赋能四大维度，为全国购物中心意向商与老商绘制清晰增长路径。 当前家居行业正经历深刻重构。传统卖场面临同质化竞争加剧等挑战，而购物中心凭借其"高频带低 频"的天然场景优势，成为撬动新增量的黄金入口。会上，顾家家居中国营销事业本部执行总经理林春 旺在主题演讲中指出："短期业绩不代表未来，核心在于能否抓住渠道变革的战略机遇。" 据悉，本次会议以"赢战新模式·打出新态势"为行动纲领，汇集全国200+家经销商代表，通过可复制的 商业模式验证、差异化产品矩阵及全域流量解决方案，为合作伙伴开辟第二增长曲线。 一、趋势定锚：解码消费变革，重塑渠道价值 大会首日，顾家购物中心举办了家居行业高定私享沙龙，其以"店态参观+行业趋势峰会"为核心，特邀 知名趋势营销专家肖明超、小红书家居行业平台专家烟幕，以及顾家家居用户洞察及场景力赋能负责人 尤珍等嘉宾分享家居趋势与用户洞察。活动聚焦行业前沿资源整合，参与者沉浸式体验购物中心最 ...

Core Viewpoint - The article outlines the regulations and procedures for the upcoming IPO of Hanhigh Group Co., Ltd, detailing the requirements for both online and offline investors, including minimum holding values and subscription processes [1][2][3][4][5][6]. Group 1: Investor Eligibility and Subscription Limits - Offline investors must hold non-restricted A-shares and non-restricted depositary receipts with an average daily market value of at least 1 million yuan, while other participating investors must have at least 6 million yuan [1]. - Online investors must have a minimum holding of 10,000 yuan in non-restricted A-shares and depositary receipts to participate in the IPO, with a subscription limit of 500 shares for every 5,000 yuan held [2]. Group 2: Subscription Process and Payment - Both online and offline subscriptions will occur on the same day, July 21, 2025, with specific time slots for each type of subscription [3]. - Investors are not required to pay subscription funds at the time of application, but must ensure sufficient funds are available by July 23, 2025, to fulfill their subscription obligations [4]. Group 3: Allocation and Withdrawal Mechanisms - A mechanism is in place to adjust the allocation between online and offline subscriptions based on demand, which will be determined after the subscription period ends [3]. - If the total number of shares subscribed falls below 70% of the planned issuance, the IPO may be suspended, and reasons for this will be disclosed [5]. Group 4: Compliance and Penalties - Investors who fail to comply with payment obligations or who withdraw from their subscriptions may face penalties, including being reported to the China Securities Association [6]. - Continuous non-compliance by online investors may result in a temporary ban from participating in future IPOs and related securities offerings [6]. Group 5: Company and Underwriter Information - The issuer of the IPO is Hanhigh Group Co., Ltd, with Guotai Junan Securities Co., Ltd serving as the lead underwriter [6].

Group 1 - The core viewpoint of the article is that Hanhigh Group is launching an A-share IPO to raise funds for smart home hardware automation manufacturing and R&D, with a strong growth trajectory in recent years [1][2] - Hanhigh Group's revenue is projected to grow from 1.62 billion to 2.857 billion yuan from 2022 to 2024, with a compound annual growth rate (CAGR) of 32.78%, while net profit is expected to increase from 206 million to 531 million yuan, with a CAGR of 60.74% [2] - The company has received multiple authoritative certifications, including being ranked first in domestic sales of storage hardware among peers, and has seen rapid growth in basic hardware and kitchen & bathroom hardware sales over the past three years [2] Group 2 - Hanhigh Group is focusing on innovation and smart manufacturing, participating in major industry exhibitions to expand overseas markets and enhance its customer base [3] - The company has been recognized as a national high-tech enterprise and provincial industrial design center, launching award-winning products while increasing R&D investment to break the perception of low value-added and homogeneous competition in the hardware industry [3] - The funds raised will be directed towards building a smart home hardware automation manufacturing base, enhancing R&D capabilities, and improving internal management processes to boost operational efficiency [3] Group 3 - Hanhigh Group aims to consolidate its market position in core products while developing a comprehensive hardware solution for homes, supported by a multi-channel development strategy and enhanced marketing networks [4] - The company plans to strengthen its sales channels and expand its presence in overseas strategic regions, positioning itself as a global leader in the home hardware sector through technology-driven initiatives and improved smart manufacturing capabilities [4]

悍高集团股份有限公司 审 计 报 告 华兴审字202521005440861 号 华兴会计师事务所（特殊普通合伙） 审 计 报 告 华兴审字202521005440861号 悍高集团股份有限公司全体股东： 一、审计意见 我们审计了悍高集团股份有限公司（以下简称"悍高集团"或"公司"） 财务报表，包括2022年12月31日、2023年12月31日、2024年12月31日的合并 及母公司资产负债表，2022年度、2023年度、2024年度的合并及母公司利润 表、合并及母公司现金流量表、合并及母公司股东权益变动表以及相关财务 报表附注。 我们认为，后附的财务报表在所有重大方面按照企业会计准则的规定编 制，公允反映了悍高集团2022年12月31日、2023年12月31日、2024年12月31 日的合并及母公司财务状况以及2022年度、2023年度、2024年度的合并及母 公司经营成果和现金流量。 二、形成审计意见的基础 我们按照中国注册会计师审计准则的规定执行了审计工作。审计报告的 "注册会计师对财务报表审计的责任"部分进一步阐述了我们在这些准则下 的责任。按照中国注册会计师职业道德守则，我们独立于悍高集团，并履行 ...

Core Viewpoint - Grandway Law Offices has issued a legal opinion regarding the application of Hanhigh Group Co., Ltd. for the initial public offering (IPO) of its shares on the main board, confirming that the company meets the necessary legal and regulatory requirements for the IPO [2][24]. Group 1: Company Background - Hanhigh Group Co., Ltd. was established on September 30, 2020, as a joint-stock company, evolving from Foshan Shunde Hanhigh Hardware Products Co., Ltd., which was founded on September 13, 2004 [1][2]. - The company operates in the home hardware and outdoor furniture sectors, focusing on research, design, production, and sales [8][10]. Group 2: Legal Compliance and Approval - The legal opinion confirms that the company has obtained the necessary approvals from its shareholders for the IPO, and the resolutions made during the 2022 first extraordinary general meeting are deemed legal and effective [5][6]. - The company has been operating for over three years and has a sound organizational structure, fulfilling the requirements set forth in the relevant regulations [6][10]. Group 3: Financial Health - Hanhigh Group's financial reports for the last three years have received unqualified audit opinions, indicating a stable financial condition [6][10]. - The company's revenue for 2019, 2020, and 2021 was reported as 802.48 million, 853.14 million, and 1.47 billion respectively, with a cumulative revenue exceeding 1 billion over the last three years [10][24]. Group 4: Shareholder Structure and Independence - The actual controllers of Hanhigh Group, siblings Ou Jinfeng and Ou Jinli, have remained unchanged over the past three years, ensuring stability in ownership [8][10]. - The company maintains independence from its controlling shareholders, with no significant adverse effects from related party transactions [15][16]. Group 5: Regulatory Compliance - The company has complied with the relevant laws and regulations, including the Company Law and Securities Law, and has no significant legal disputes that could hinder the IPO process [9][22]. - Hanhigh Group has disclosed all related party transactions in its prospectus, ensuring transparency and compliance with regulatory requirements [15][22].

Core Viewpoint - The company plans to publicly issue no less than 40.01 million shares of common stock, with the post-issue circulating shares accounting for at least 10% of the total shares [1] Fund Utilization - The total expected investment for the projects is 643.47 million yuan, with 420 million yuan to be raised through this public offering [2] - The company will initially use self-raised funds for the projects before the raised funds are available, and will replace the self-raised funds with the raised funds once they are in place [2] Project Summaries 1. Intelligent Home Hardware Automation Manufacturing Base - The project aims to establish an intelligent production line for home hardware by introducing advanced equipment and information systems, enhancing production capacity and efficiency to meet growing market demand [3] - Total investment for this project is 561.17 million yuan, with 370 million yuan expected to be funded from the raised funds [3] - The project is scheduled to be completed within 36 months, with various phases including preparation, engineering implementation, and personnel training [3] 2. R&D Center Construction Project - This project will upgrade the R&D and design environment by introducing advanced equipment and renovating laboratories, thereby enhancing the company's R&D capabilities [4] - Total investment is 52.26 million yuan, with 30 million yuan to be funded from the raised funds [4] - The project will also take 36 months to complete, focusing on project preparation and engineering implementation [4] 3. Information Technology Construction Project - The project aims to integrate various management modules such as ERP, R&D management, and supply chain management to improve internal management efficiency and facilitate collaboration across the company [4] - Total investment is 30.04 million yuan, with 20 million yuan to be funded from the raised funds [4] - The project will also be completed within 36 months, focusing on software development and personnel training [4]

Company Overview - HIGOLD Group has 9 wholly-owned first-level subsidiaries, 3 wholly-owned second-level subsidiaries, and 1 branch, with no equity investments in other companies [1][2][3] Subsidiary Details HIGOLD Cloud Business - Name: Foshan HIGOLD Cloud Business Technology Co., Ltd - Established: December 24, 2018 - Main Business: Software services - Total Assets: 1,212.25 million CNY - Net Assets: 1,197.02 million CNY - Revenue: 339.84 million CNY - Net Profit: 234.77 million CNY [1] HIGOLD E-commerce - Name: Foshan HIGOLD E-commerce Co., Ltd - Established: March 24, 2014 - Main Business: E-commerce platform operation - Total Assets: 847.73 million CNY - Net Assets: 738.00 million CNY - Revenue: 1,585.07 million CNY - Net Profit: 227.59 million CNY [1] HIGOLD Furniture - Name: Foshan HIGOLD Furniture Products Co., Ltd - Established: June 23, 2010 - Main Business: Production and sales of outdoor furniture - Total Assets: 25,666.94 million CNY - Net Assets: 18,756.27 million CNY - Revenue: 26,512.03 million CNY - Net Profit: 5,434.20 million CNY [2] HIGOLD Technology - Name: Foshan HIGOLD Display Technology Co., Ltd - Established: April 11, 2013 - Main Business: Leasing and property management - Total Assets: 30,756.34 million CNY - Net Assets: 4,524.83 million CNY - Revenue: 792.95 million CNY - Net Profit: -948.14 million CNY [2] HIGOLD Home - Name: Guangdong HIGOLD Home Technology Co., Ltd - Established: April 21, 2021 - Main Business: Production and sales of hardware products - Total Assets: 93,407.26 million CNY - Net Assets: 25,294.99 million CNY - Revenue: 93,381.54 million CNY - Net Profit: 18,183.79 million CNY [2] HIGOLD Vietnam - Name: HIGOLD HARDWARE VIET NAM CO., LTD - Established: November 15, 2023 - Main Business: Sales of home hardware products - Total Assets: 976.30 million CNY - Net Assets: 491.38 million CNY - Revenue: 113.41 million CNY - Net Profit: -92.58 million CNY [3] HIGOLD Sales - Name: Guangdong HIGOLD Sales Co., Ltd - Established: February 4, 2024 - Main Business: Sales of home hardware products - Total Assets: 52,406.37 million CNY - Net Assets: -569.23 million CNY - Revenue: 153,494.18 million CNY - Net Profit: -1,069.23 million CNY [3] HIGOLD Singapore - Name: SINGAPORE HIGOLD INTERNATIONAL COMPANY PTE.LTD. - Established: August 16, 2024 - Main Business: Sales of home hardware products - Financial data not available [3] HIGOLD Precision - Name: Guangdong HIGOLD Precision Technology Co., Ltd - Established: August 28, 2024 - Main Business: Production and sales of hardware products - Total Assets: 11,920.90 million CNY - Net Assets: 952.65 million CNY - Net Profit: -47.35 million CNY [4] HIGOLD E-commerce Subsidiaries - HIGOLD has several second-level subsidiaries focused on e-commerce platform operations, including: - HIGOLD Flying E-commerce - Angus E-commerce - HIGOLD E-commerce [5]

Group 1 - The Beijing Municipal Government has released the "Beijing Deepening Reform to Boost Consumption Special Action Plan," which includes multiple initiatives related to the home furnishing industry, such as encouraging home renovation design and promoting fully intelligent indoor assembly integration [1] - The action plan consists of 24 measures aimed at optimizing new housing consumption supply, including support for customized home decoration and smart home products and services, as well as the development of smart communities [1] - The plan also emphasizes the expansion of green consumption paradigms, encouraging the development and introduction of green low-carbon technologies and improving the green standards and labeling system across various sectors, including home decoration [1] Group 2 - Recent national policies have continuously promoted consumption, benefiting the home furnishing industry, with initiatives like the "Two New" policy and appliance replacement programs driving market growth [2] - In May, the sales revenue of large-scale building materials and home furnishing markets reached 125.118 billion, a month-on-month increase of 15.16%, while the cumulative sales from January to May amounted to 571.408 billion, reflecting a year-on-year increase of 3.32% [2]

随着《快乐老友记2》的热播，官方联名品牌林氏家居再次成为年轻消费者关注的焦点。作为一档豆瓣 评分9.3的高口碑综艺，节目以真实、轻松的基调引发观众共鸣，而林氏家居通过深度植入，不仅强化 了品牌"时尚、多元、舒适"的调性，更探索出一条家居品牌与综艺IP联动的新路径。 品牌与综艺深度契合，打造沉浸式营销 林氏家居与《快乐老友记2》的合作并非偶然，而是基于品牌理念与节目内核的高度契合。一方面，林 氏家居始终践行"让生活过得更好"的企业愿景，与节目传递的温暖、快乐的生活态度不谋而合；另一方 面，节目核心场景"厚米之家"为家居产品提供了自然展示空间。例如，新品包包椅凭借便携、高颜值的 特点，成为嘉宾日常互动的"宠儿"，巧妙传递了产品的跨场景使用功能。 明星单品破圈，产品力成就品牌影响力 节目中，包包椅的频繁亮相迅速引发观众种草，而这并非林氏家居首次凭借设计出圈。从"怎么做都可 椅"到"钢琴键沙发"，品牌屡次打造爆款的背后，是其强大的产供研体系支撑。通过大数据洞察和CMF 研发体系，林氏家居精准捕捉年轻用户需求，结合敏捷供应链快速落地创新设计。值得一提的是，品牌 还参与了新版《软体家具沙发》行业标准的制定，进一步彰显其技 ...

Core Viewpoint - Dream百合 reported a revenue of 8.449 billion yuan for 2024, reflecting a year-on-year growth of 5.94%, but faced a net loss of 151 million yuan, a significant decline of 242.04% compared to the previous year [3]. Financial Performance - In Q1 2025, Dream百合's revenue increased to 2.043 billion yuan, marking a year-on-year rise of 12.31%, with a net profit of 58.72 million yuan, up 196.22% year-on-year [4][5]. - For the fiscal year ending December 31, 2024, the company reported a net profit of -161 million yuan, a decrease of 242.04%, and an operating income of 8.449 billion yuan [5]. Legal Issues - Dream百合 has been involved in legal disputes with its U.S. subsidiary and clients, including a recent lawsuit against CVB for 42.6 million USD in receivables due to poor repayment performance [4]. - The company reached a settlement regarding a long-standing lawsuit with CHINA BEDS DIRECT, LLC, which has been ongoing for over a decade [3].