Core Viewpoint - Qu Mei Home Furnishing Group Co., Ltd. has completed the registration change of its business license, reflecting a reduction in registered capital and total shares [1] Group 1: Company Changes - The company held its 2024 annual general meeting on May 20, 2025, where it approved the amendment to the articles of association, changing the registered capital from RMB 688,861,855 to RMB 686,543,855 [1] - The total number of shares has been adjusted from 688,861,855 shares to 686,543,855 shares [1] - The company has received a new business license from the Market Supervision Administration of Shunyi District, Beijing, with updated information reflecting the changes [1] Group 2: Business Information - The new registered capital is RMB 68,654.3855 million [1] - The company operates in various sectors including furniture manufacturing, transportation, home decoration, and sales of a wide range of products [1] - The legal representative of the company is Zhao Ruihai, and it was established on April 10, 1993 [1]

Core Viewpoint - The company, Yazhen Home Co., Ltd., has experienced a significant stock price fluctuation, leading to a temporary suspension of trading to protect investor interests. The stock will resume trading on August 21, 2025, after a thorough review of its trading activities and financial performance [2][3][13]. Group 1: Stock Trading and Suspension - The company's stock price increased by 33.92% from July 30 to August 6, 2025, significantly deviating from the Shanghai Composite Index and the furniture manufacturing industry [2][3]. - The stock was suspended from trading on August 7, 2025, for a period not exceeding 10 trading days, to conduct a review of the trading situation [3][13]. - The stock will resume trading on August 21, 2025, following the completion of the review [3][13]. Group 2: Financial Performance - For the fiscal year 2024, the company reported total revenue of 202.40 million yuan, with a net loss attributable to shareholders of 116.96 million yuan [4][9]. - The company expects a net loss for the first half of 2025 to be between 39.50 million yuan and 33.00 million yuan [4][9]. - The company has been placed under delisting risk warning since May 6, 2025, due to its financial performance [4][9]. Group 3: Acquisition and Business Development - The company plans to acquire 51% of Guangxi Zirconium Industry Technology Co., Ltd. from Hainan Zirconium Titanium Resources Holdings Group Co., Ltd. for 55.45 million yuan [5][15]. - As of August 20, 2025, the acquisition has been completed, and Guangxi Zirconium has become a subsidiary of the company [5][16]. - The company has initiated the pledge procedures for the acquired shares, which have been successfully registered [18].

Core Viewpoint - The company reported a net profit of RMB 266,491,172.67 for the first half of 2025, with a proposed cash dividend distribution of RMB 2.80 per 10 shares, amounting to a total of RMB 104,003,614.40, which represents 39.03% of the net profit attributable to shareholders [3][27][47]. Group 1: Financial Performance - The company achieved a revenue of RMB 4.021 billion in the first half of 2025, reflecting a year-on-year increase of 1.59% [13]. - The net profit attributable to shareholders increased by 14.04% year-on-year, reaching RMB 266.49 million [13]. - The company’s undistributed profits as of June 30, 2025, amounted to RMB 2.487 billion [3][26]. Group 2: Dividend Distribution - The proposed cash dividend is RMB 2.80 per 10 shares, with a total distribution of RMB 104 million, subject to shareholder approval [3][27][49]. - The dividend distribution plan was approved by the board and will be submitted for shareholder meeting approval [9][29][49]. Group 3: Corporate Governance - The company held its sixth board meeting on August 20, 2025, where the half-year report and dividend proposal were approved unanimously [42][44]. - The company emphasizes compliance with legal regulations and internal management systems in its reporting processes [7][45]. Group 4: Strategic Initiatives - The company is transitioning from a traditional furniture manufacturer to a technology-driven sleep solution provider, focusing on AI integration in its products [13][14]. - Significant technological advancements include the upgrade of formaldehyde removal technology and the introduction of new AI product lines [14][15]. Group 5: Investor Relations - The company is committed to enhancing communication with investors, having disclosed 32 temporary announcements and 2 periodic reports during the reporting period [20][21]. - An investor meeting is scheduled for September 2, 2025, to discuss the half-year results and address investor inquiries [34][35].

Core Viewpoint - *ST Yazhen's stock price experienced a significant deviation, with a cumulative increase of 33.92% from July 30 to August 6, 2025, compared to the Shanghai Composite Index and the furniture manufacturing industry [1] Company Summary - The company conducted an investigation into the stock trading situation due to the abnormal price movement [1] - Following the completion of the investigation, the company applied for the resumption of trading, which will take effect on August 21 [1]

来源：金融界 经营范围含技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；信息技术咨询服务；互 联网销售（除销售需要许可的商品）；针纺织品销售；针纺织品及原料销售；家居用品销售；日用百货 销售；日用品销售；金属制品销售；电气设备销售；家用电器销售；家用电器研发；软件开发；金属制 品研发；新材料技术研发；家政服务；租赁服务（不含许可类租赁服务）；专业保洁、清洗、消毒服 务。（除依法须经批准的项目外，凭营业执照依法自主开展经营活动） 企业名称上海可韵睡眠实业有限公司法定代表人张开明注册资本200万人民币国标行业制造业>家具制 造业>其他家具制造地址上海市奉贤区南桥镇环城西路2511号6幢6层企业类型有限责任公司（自然人投 资或控股的法人独资）营业期限2025-8-19至无固定期限登记机关奉贤区市场监管局 天眼查显示，近日，上海可韵睡眠实业有限公司成立，法定代表人为张开明，注册资本200万人民币， 由人人康健康科技（上海）有限公司全资持股。 序号股东名称持股比例1人人康健康科技（上海）有限公司100% ...

Core Viewpoint - Qu Mei Home (603818) reported a decline in stock price and significant net outflow of funds, while showing mixed performance in its latest quarterly earnings report [1] Financial Performance - As of the first quarter of 2025, Qu Mei Home achieved total revenue of 879 million yuan, a year-on-year decrease of 0.99% [1] - The net profit attributable to shareholders was 4.25 million yuan, reflecting a year-on-year increase of 94.65% [1] - The non-recurring net profit was 27.21 million yuan, up 52.76% year-on-year [1] - The current ratio stood at 0.728, the quick ratio at 0.523, and the debt-to-asset ratio at 66.07% [1] Stock Market Activity - On August 19, 2025, Qu Mei Home's stock closed at 4.52 yuan, down 0.88% with a turnover rate of 3.84% [1] - The trading volume was 263,600 hands, with a transaction amount of 118 million yuan [1] - There was a net outflow of main funds amounting to 16.28 million yuan, accounting for 13.77% of the transaction amount [1] - Large orders saw a net outflow of 10.83 million yuan, representing 9.16% of the transaction amount [1] Company Overview - Qu Mei Home Group Co., Ltd. was established in 1993 and is based in Beijing, primarily engaged in furniture manufacturing [2] - The company has a registered capital of 6.8886 billion yuan and the same amount in paid-in capital [1] - The legal representative of the company is Zhao Ruihai [1] Investment and Intellectual Property - Qu Mei Home has invested in 26 enterprises and participated in 171 bidding projects [2] - The company holds 262 trademark registrations and 1,370 patent registrations, along with 19 administrative licenses [2]

天眼查显示，近日，哈尔滨松涛家居智能科技有限公司成立，法定代表人为包洪涛，注册资本2000万人 民币，由哈尔滨小包总家居有限公司全资持股。 序号股东名称持股比例1哈尔滨小包总家居有限公司100% 经营范围含家具制造；家具销售；家具零配件生产；人造板制造；人造板销售；地板制造；地板销售； 木材加工；木材销售；门窗制造加工；门窗销售；家居用品销售；建筑装饰材料销售；建筑材料销售； 办公设备销售；建筑陶瓷制品销售；卫生陶瓷制品销售；卫生洁具销售；照明器具销售；工艺美术品及 收藏品零售（象牙及其制品除外）；金属制品销售；五金产品零售；家用电器销售；日用百货销售；机 械设备销售；仪器仪表销售；食品销售（仅销售预包装食品）；农副产品销售；室内木门窗安装服务； 家具安装和维修服务；金属门窗工程施工；工业设计服务；专业设计服务；平面设计；货物进出口；技 术进出口；进出口代理。（除依法须经批准的项目外，凭营业执照依法自主开展经营活动）许可项目： 住宅室内装饰装修；建设工程施工。（依法须经批准的项目，经相关部门批准后方可开展经营活动，具 体经营项目以相关部门批准文件或许可证件为准） 企业名称哈尔滨松涛家居智能科技有限公司法定代表 ...

Core Viewpoint - At least seven companies have announced plans to invest over 1 billion yuan in securities, with Liou Co. leading at 3 billion yuan, followed by Fangda Carbon and Qipilang at 2 billion yuan each [1] Group 1: Company Investment Plans - Zhejiang Yongqiang plans to invest up to 1 billion yuan of its own funds in the securities market, which has sparked significant controversy [1] - The company's decision to invest in the securities market is viewed as a high-risk gamble due to market volatility risks [1] - In 2024, Zhejiang Yongqiang reported a net profit surge of 808% to 462 million yuan, primarily driven by non-recurring gains [1] Group 2: Investment Performance and Risks - In 2024, Zhejiang Yongqiang achieved investment income of 27.2 million yuan from securities investments and reported a fair value change gain of 161.4 million yuan [2] - The initial investment cost for the company's stock account was 625.8 million yuan, with a reported gain of 188.6 million yuan during the reporting period [2] - Industry experts highlight that while securities investment can enhance financial performance, it also introduces significant earnings volatility risks [2] Group 3: Regulatory and Strategic Recommendations - To maximize the benefits of securities investment, regulatory frameworks should be improved to set clear limits on investment proportions and require full disclosure of investment logic and risk control measures [2] - Companies should focus on their core business and treat investments as a supplementary strategy, establishing sound decision-making and risk management systems [2] - Investors are advised to focus on the core competitiveness and sustainable development of companies rather than being misled by short-term performance fluctuations [2]

序号股东名称持股比例1浙江朴愫智能家居有限公司100% 来源：金融界 经营范围含许可项目：道路货物运输（不含危险货物）（依法须经批准的项目，经相关部门批准后方可 开展经营活动，具体经营项目以审批结果为准）供应链管理服务；家居用品制造；家居用品销售；家具 制造；家具销售；家具零配件生产；家具零配件销售；木材销售；五金产品批发；五金产品零售；金属 制品销售；普通货物仓储服务（不含危险化学品等需许可审批的项目）；国内货物运输代理；包装服 务；装卸搬运（除依法须经批准的项目外，凭营业执照依法自主开展经营活动） 企业名称南通拾影供应链有限公司法定代表人魏勇平注册资本200万人民币国标行业制造业>家具制造 业>其他家具制造地址海安市城东镇兴联路56号（商贸物流产业园内）企业类型有限责任公司营业期限 2025-8-14至无固定期限登记机关海安市行政审批局 天眼查显示，近日，南通拾影供应链有限公司成立，法定代表人为魏勇平，注册资本200万人民币，由 浙江朴愫智能家居有限公司全资持股。 ...

源氏木语则是多次登上质量黑榜，属于屡曝屡犯的典型。此次抽检中，标称生产企业(或供货)为"上海 朵艺家具有限公司"、标称商标或品牌为"源氏木语"、规格型号为"Y47M01， 400mm×350mm×900mm"、生产日期或批号为"2020-06-18"的一款储物柜(实木家具类)被检出"标识与实 物一致性"项目不合格。就在8个月前的2020年9月11日，上海市场监管官方公众号发布的抽检结果显 示，上海朵艺家具有限公司在天猫源氏木语家居旗舰店销售的标称由其生产(或供货)的一款"源氏木 语"牌升降学习桌(桌椅套装)的桌面板下方间隙不合标准，另一款"源氏木语"牌床头柜的抽屉与抽屉之间 间隙不符合标准。孔及间隙是结构安全要求，如果不符合标准，小朋友将手指伸入这些孔洞或间隙时可 能被卡住而造成伤害。 这三个典型的质量黑榜主角都身份尊贵，声名不凡。梵克美筑成立于2018年，属于东莞市梵克家居有限 公司，经营范围包括家居用品、家具、工艺品(不含象牙及其制品)、床上用品、装修材料(不含危险化学 品)等;华师傅家居成立于1982年，属于东莞市华辉家具实业有限公司，主打现代家具;源氏木语创立于 2010年，属于上海朵艺家具有限公司， ...