富安娜 FUANNA 深圳市富安娜家居用品股份有限公司 深圳市富安娜家居用品股份有限公司监事会 监事会 文件规定的禁止实施员工持股计划的情形。 案）》（以下简称"本员工持股计划"）及其摘要的程序合法、有效，公司 2025 年 员工持股计划内容符合《指导意见》《自律监管指引第 1 号》等法律、法规及规 范性文件的规定。 司及全体股东利益的情形，亦不存在摊派、强行分配等方式强制员工参与本员工 持股计划的情形，不存在公司向本员工持股计划持有人提供贷款、贷款担保或任 何其他财务资助的计划或安排。 及规范性文件规定的持有人条件，符合员工持股计划规定的持有人范围，其作为 公司本员工持股计划持有人的主体资格合法、有效。 公司实施 2025 年员工持股计划有利于建立和完善劳动者与所有者的利益共享机 制，有利于进一步完善公司治理水平，提高员工的凝聚力和公司竞争力，充分调 动员工的积极性和创造性，吸引和保留优秀管理人才和业务骨干，实现公司可持 续发展。 综上所述，监事会同意公司实施本员工持股计划。因公司监事陈凯为本员工 持股计划的参与对象，对审议本员工持股计划有关内容进行了回避表决。本员工 富安娜 FUANNA 深圳市富安娜家居 ...

经核查，监事会认为：根据有关法律、行政法规、规章、规范性文件和《公 司章程》的规定，并结合公司实际情况，公司实施 2025 年员工持股计划（以下简 称"本次员工持股计划"）并制定《深圳市富安娜家居用品股份有限公司 2025 年 员工持股计划（草案）》及其摘要，是为了建立公司优秀人才与股东成果共享、 风险共担机制，激发员工的主人翁意识，优化薪酬结构，合理配置短、中、长期 激励资源，吸引、保留和激励优秀人才，促进公司长期稳定发展和股东价值提升， 有利于促进公司长期、持续、健康发展，不会损害公司及全体股东的利益，不存 在摊派、强行分配等方式强制员工参与本次员工持股计划的情形。 《深圳市富安娜家居用品股份有限公司 2025 年员工持股计划（草案）》及其 摘要详见公司指定信息披露媒体《证券时报》《证券日报》和巨潮资讯网（http:/ 富安娜 FUANNA 深圳市富安娜家居用品股份有限公司 /www.cninfo.com.cn）。 表决结果：同意 2 票、反对 0 票、弃权 0 票、回避 1 票。 富安娜 FUANNA 深圳市富安娜家居用品股份有限公司 证券代码：002327 证券简称：富安娜 公告编号：2025-031 ...

富安娜 FUANNA 深圳市富安娜家居用品股份有限公司 证券代码：002327 证券简称：富安娜 公告编号：2025-034 深圳市富安娜家居用品股份有限公司 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。 根据深圳市富安娜家居用品股份有限公司（以下简称"公司"）第六届董事会 第七次会议决议，公司决定于 2025 年 8 月 18 日召开公司 2025 年第二次临时股 东会，审议董事会提交的相关议案，有关具体事项通知如下： 一、会议召开的基本情况 部门规章、规范性文件和《公司章程》等的有关规定。 （1）现场会议时间：2025 年 8 月 18 日（星期一）下午 14:00 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时间 为：2025 年 8 月 18 日上午 9:15-9:25，9:30-11:30 和下午 13:00-15:00；通过深圳 证券交易所互联网投票系统投票的具体时间为：2025 年 8 月 18 日上午 9:15-下午 择现场投票、网络投票中的一种方式，如果同一表决权出现重复投票表决的，以 第一次投票表决结果为准。 （1）现 ...

Group 1 - Jiejia Weichuang expects a net profit of 1.7 billion to 1.96 billion yuan for the first half of 2025, representing a year-on-year increase of 38.65% to 59.85% [1] - Micron Biotech's CS231295 clinical trial application has been approved by the FDA for treating advanced solid tumors [1] - Sinopec anticipates a net profit of 20.1 billion to 21.6 billion yuan for the first half of 2025, a decrease of 39.5% to 43.7% year-on-year [2] Group 2 - High Energy Environment has obtained a loan commitment letter from a financial institution for share repurchase [2] - Electric Power Investment Energy received a warning letter from the Inner Mongolia Securities Regulatory Bureau for inadequate disclosure in its semi-annual report [3] - Zhejiang University Net New won a bid for an intelligent engineering project worth 94.2712 million yuan [5] Group 3 - Daodaoquan reported a net profit of 181 million yuan for the first half of 2025, a year-on-year increase of 563.15% [8] - New Light Optoelectronics expects a net loss of 19 million to 23 million yuan for the first half of 2025 [9] - Aihua Pharmaceutical's two probiotic powder registration applications have been accepted [10] Group 4 - Xinhui Electric's subsidiary signed a product sales framework contract for commercial and household robots [11] - Baida Precision Engineering's subsidiary obtained 134,500 square meters of industrial land use rights [12] - Haiyang Technology's chief engineer resigned for personal reasons [13] Group 5 - Tianhe Magnetic Materials received a project filing notice for a 12,000-ton magnetic material deep processing project [22] - Wanlima is the pre-selected unit for a procurement project worth 43.835 million yuan from China Southern Airlines [24] - Yipin Hong's subsidiaries obtained two drug registration certificates [25] Group 6 - Zhejiang Jiaoke's subsidiary signed new construction projects worth 4.783 billion yuan in the second quarter [27] - Shenglan Co. received approval for issuing convertible bonds [29] - Jimi Technology expects a net profit of 88.6622 million yuan for the first half of 2025, a year-on-year increase of 2062.33% [31] Group 7 - Dingtong Technology reported a net profit of 115 million yuan for the first half of 2025, a year-on-year increase of 134.06% [32] - Huaheng Biological is planning to list on the Hong Kong Stock Exchange [34] - Yuntian Lihui submitted an application for H-share issuance and listing on the Hong Kong Stock Exchange [36] Group 8 - Nanchip Technology expects a net profit of 108.8 million to 133.1 million yuan for the first half of 2025, a decrease of 35.09% to 47.03% year-on-year [43] - Anglikang's Mesobam injection has received a drug registration certificate [44] - Jida Zhengyuan's shareholder plans to reduce their stake by up to 0.998% [45]

2024年1至12月份，梦百合的营业收入构成为：家居用品占比97.43%，其他业务占比2.57%。 （文章来源：每日经济新闻） 梦百合（SH 603313，收盘价：8.48元）7月31日晚间发布公告称，截至2025年7月31日，公司通过集中 竞价交易方式已累计回购股份约1879.32万股，占公司总股本的比例为3.29%，与上次披露数相比增加 0.49%，购买的最高价为约9.14元/股、最低价为8.07元/股，已支付的总金额约为1.61亿元。 ...

中国经济网北京7月31日讯 慕思股份(001323.SZ)今日股价下跌，截至收盘报31.68元，跌幅4.78%。 慕思股份首次公开发行股票募集资金总额为155,758.93万元，扣除发行费用8,044.55万元，募集资金净额 为147,714.38万元。慕思股份于2022年6月13日披露的招股说明书显示，该公司原拟募集资金147,714.38 万元，用于华东健康寝具生产线建设项目、数字化营销项目、健康睡眠技术研究中心建设项目。 慕思股份首次公开发行股票的发行费用约8,044.55万元(各项费用均为不含税金额)，其中，保荐及承销 费用5,700.00万元。 上市次日(2022年6月24日)，慕思股份盘中最高价报61.67元，为该股上市以来最高价。该股目前处于破 发状态。 慕思股份于2022年6月23日在深圳证券交易所主板上市，本次发行的股票数量为4,001.00万股，发行价格 为38.93元/股，保荐机构为招商证券股份有限公司，保荐代表人为邓永辉、康自强。 ...

Market Overview - The home goods sector experienced a decline of 1.88% on July 31, with C brand leading the drop [1] - The Shanghai Composite Index closed at 3573.21, down 1.18%, while the Shenzhen Component Index closed at 11009.77, down 1.73% [1] Stock Performance - Notable gainers in the home goods sector included: - *ST Yazhen: Closed at 22.55, up 4.98% with a trading volume of 2298.2 lots [1] - Qisheng Technology: Closed at 12.66, up 2.59% with a trading volume of 176,000 lots [1] - Gongchuang Zhangqiu: Closed at 39.44, up 1.70% with a trading volume of 160,700 lots [1] - Major decliners included: - C brand: Closed at 60.19, down 24.76% with a trading volume of 260,100 lots and a transaction value of 1.624 billion [2] - Weideng Co.: Closed at 16.77, down 9.98% with a trading volume of 357,400 lots [2] - Failingger: Closed at 18.52, down 5.12% with a trading volume of 185,700 lots [2] Capital Flow - The home goods sector saw a net outflow of 466 million from institutional investors, while retail investors contributed a net inflow of 300 million [2] - The capital flow for specific stocks showed: - Bull Group: Net inflow of 23.75 million from institutional investors, with a 10.93% share [3] - Failingger: Net inflow of 22.30 million from institutional investors, with a 6.64% share [3] - Qisheng Technology: Net inflow of 20.29 million from institutional investors, with a 9.16% share [3]

Group 1 - The core viewpoint of the report is that Chinese consumers are increasingly discerning in defining what is "worth buying," balancing rationality and self-indulgence, with emotional resonance becoming more important than mere functionality [1][4][15] - In 2024, China's consumer spending is projected to reach 48.7 trillion yuan, with a forecasted growth rate of 3.6% in 2025, bringing total spending to 50.5 trillion yuan, where nearly 60% of expenditures will focus on essential living needs [1][20][27] - Long-term growth in consumer spending is expected to be driven by service-oriented and quality-focused consumption, with a compound annual growth rate (CAGR) of 3.4% from 2024 to 2029, reaching 57.7 trillion yuan by 2029 [1][21][32] Group 2 - Different consumer categories are showing varied development trends, with essential goods like household food and dining services remaining resilient, while non-alcoholic beverages and health products are experiencing growth [2][11][21] - The report highlights a shift towards experience-driven consumption, with consumers increasingly valuing health, self-indulgence, and emotional connections with brands, indicating a need for brands to innovate based on real demands [1][21][24] - The report emphasizes that while consumers still appreciate the professionalism and innovation of "successful" brands, there is a growing preference for brands that exhibit warmth and empathy, reflecting a desire for trust and companionship in a challenging environment [1][24][15]

Investment Rating - The industry is rated as "stronger than the market" with an expected relative increase of over 10% compared to the market index in the next six months [4][27]. Core Insights - The light industry performance forecast is subdued, with a pre-profit rate of 46%. As of July 28, 2025, 54 out of 165 A-share companies in the light industry have released performance forecasts, resulting in a disclosure rate of 33%, ranking 6th among eight major consumption sectors [1][9][24]. - The paper-making sector shows a higher pre-profit rate of 67%, while the packaging and printing, home goods, and entertainment goods sectors have pre-profit rates below 50% [2][14][24]. - The report highlights a significant increase in the number of companies in the light industry experiencing losses, with 17% of companies forecasting their first loss in the first half of 2025, and 37% of companies continuing to report losses for two consecutive years [1][10][24]. Summary by Sections Light Industry Performance - The light industry has a pre-profit rate of 46%, ranking 8th among consumption sectors. The number of companies forecasting profit growth has decreased compared to the previous year, with only 17% expecting an increase and 0% expecting slight increases [1][10][24]. Paper-making Sector - The paper-making sector has a pre-profit rate of 67%, indicating stable profitability. The disclosure rate for this sector is 39%, with a notable performance differentiation among companies [2][14][15]. - In the first half of 2025, the paper-making sector saw a mix of performance forecasts, with 1 company expecting profit growth, 3 expecting a decrease, and 2 companies turning losses into profits [2][15]. Investment Recommendations - The report suggests focusing on opportunities related to the "anti-involution" initiative, which aims to eliminate excessive competition and promote reasonable pricing based on actual costs. This is expected to help restore profitability in the paper-making sector [3][24][25]. - Additionally, the report recommends paying attention to opportunities arising from the "two new" policies, which aim to stimulate investment and consumption through government support for equipment upgrades and consumer goods replacement [3][24][25].

Group 1 - The article emphasizes that the Hong Kong stock market is currently undervalued in the consumer goods sector, with a potential for a rebound driven by the child-rearing subsidy policy [2][6] - The child-rearing subsidy policy serves as a catalyst for the rotation towards the consumer goods sector, with significant price increases observed in entertainment products, jewelry, and cosmetics, which rose by 123.5%, 119.2%, and 40.5% respectively from January 2, 2025, to July 21, 2025 [2] - The valuation metrics indicate a significant disparity between new consumption and traditional consumer goods, with the weighted P/E ratios for entertainment products, jewelry, and cosmetics at 92.5x, 48.2x, and 45.5x, while the ratios for leisure food, beverages, personal care, and home goods are much lower [2] Group 2 - The mid-term outlook suggests an increased probability of a reversal in the consumer goods sector, as the market has already priced in pessimistic expectations for certain industries, including healthcare and essential consumption [3] - The article argues that while the fundamentals of the consumer goods sector may still be improving, the stock prices are poised for a breakout, reflecting future expectations [4] - The investment landscape in Hong Kong is not limited to leading companies, as there is a growing presence of institutional investors, which is expected to sustain high levels of investment in the Hong Kong market [4] Group 3 - The concept of "good housing" is introduced as a structural increment in the real estate market, which may lead to a supply-demand imbalance, further supported by the child-rearing subsidy policy [5] - The article highlights the importance of continuous supportive policies for child-rearing, such as free preschool education, which will lower the cost of raising children and enhance birth rates [5] - The introduction of the child-rearing subsidy policy reinforces the bullish outlook for the Hong Kong stock market, indicating a potential bull market driven by structural reforms and supportive policies [6]