（文章来源：证券日报） 证券日报网2月4日讯 ，箭牌家居在接受调研者提问时表示，在深耕国内市场的同时，公司持续推进国 际化战略，加大海外市场的战略投入。通过与当地经销商合作，加快专卖店及销售网点布局；同时依托 主流海外电商平台拓展线上渠道，并通过品牌合作等多维度推进海外业务发展。得益于上述举措，前三 季度，公司在北美以外市场的收入实现明显增长，但受国际经贸环境变化影响，出口北美市场的业务收 入有所下降，导致总体境外收入同比出现下滑。未来，公司将持续投入资源，稳步推进品牌建设与渠道 拓展，夯实基础，力求实现海外业务的长期可持续发展。 ...

证券日报网2月4日讯，箭牌家居（001322）在接受调研者提问时表示，2025年，公司紧密围绕市场变 化，坚持以零售渠道建设为核心，深耕零售渠道的精细化运营管理，以店效倍增项目为抓手，向经销商 持续赋能，重点促进零售渠道的增长。前三季度，公司分阶段推进店效倍增项目，经销商试点门店店效 显著提升，有效带动了公司经销零售收入的增长。同时，公司在产品端积极发力，发布了鸿蒙智选箭牌 智能花洒、洁净大师P50智能马桶等产品，为后续发展奠定了基础。2026年，公司将继续推动店效倍增 项目由点及面，逐步覆盖更多门店，实现更大范围的推广与持续增效。同时，公司将把零售渠道的精细 化管理模式逐步复制到电商等其他渠道，带动各渠道的改善，从而推动全渠道的协同发展。公司将继续 强化产品与营销双轮驱动，持续打造旗舰产品，提升产品力，并通过优化产品销售结构带动毛利率提 升。2026年，公司将继续重点推进与鸿蒙智选的合作，通过此次合作，更将借助该平台的生态资源，提 升公司在新产品策划、研发及上市流程等方面的运营能力，同时加快相关渠道资源的开发与布局，为公 司未来在智能家居领域的拓展奠定基础。同时，公司将进一步夯实内部管理，持续推进内部管理变 ...

Market Overview - The home goods sector increased by 1.79% on February 4, with PIANO leading the gains [1] - The Shanghai Composite Index closed at 4102.2, up 0.85%, while the Shenzhen Component Index closed at 14156.27, up 0.21% [1] Stock Performance - PIANO (002853) closed at 31.08, up 10.02% with a trading volume of 92,700 shares and a turnover of 281 million yuan [1] - HANGAO Group (001221) closed at 72.10, up 6.45% with a trading volume of 57,200 shares and a turnover of 406 million yuan [1] - DINGGU (300749) closed at 19.04, up 6.43% with a trading volume of 203,900 shares and a turnover of 372 million yuan [1] - MARCO POLO (001386) closed at 26.31, up 5.11% with a trading volume of 307,600 shares and a turnover of 793 million yuan [1] - SOFIA (002572) closed at 15.07, up 5.02% with a trading volume of 228,100 shares and a turnover of 339 million yuan [1] Capital Flow - The home goods sector saw a net inflow of 112 million yuan from institutional investors, while retail investors experienced a net outflow of 77.44 million yuan [2] - The main stocks with significant net inflows included MARCO POLO (774.78 million yuan) and PIANO (360.84 million yuan) [3] - Retail investors showed a notable outflow in MARCO POLO (-566.43 million yuan) and PIANO (-278.99 million yuan) [3]

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 603389 | *ST亚振 | 46.55 | -5.00% | 2.85万 | 1.34亿 | | 603216 | 梦天家居 | 43.79 | -2.90% | 9.81万 | 4.27 Z | | 603898 | 好莱客 | 16.07 | -2.84% | 9.09万 | 1.46亿 | | 603326 | 我乐家居 | 10.03 | -1.08% | ﻛ 6.58万 | 6617.74万 | | 603838 | *ST四通 | 7.42 | -1.07% | 1.51万 | 1115.90万 | | 300749 | 顶固集创 | 17.89 | -0.61% | 19.17万 | 3.44亿 | | 603208 | 江山欧派 | 15.03 | -0.60% | 3.03万 | 4548.58万 | | 603661 | 恒林股份 | 34.26 | -0.35% | 1.03万 | 3535.12万 | | 605099 ...

行 行业月报 业 地产链估值修复可延续，白卡、瓦楞纸迎涨价 研 ——轻工制造&纺织服饰行业 2 月投资策略展望 | | | 袁艺博 | SAC | NO： | S1150521120002 | | 年 | | 日 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 分析师： | | | | | | | | | | | | | | | | 2026 | | | | | | | | | | | | 02 | | | | | | | | | | | | 月 03 | | | 究 | | | | | | | | | | 轻工制造 纺织服饰 投资要点： 行业要闻 证券分析师 （1）多家房企称已不被要求上报三道红线，仍需提交资产负债率指标。 袁艺博 yuanyb@bhzq.com （2）2025 年造纸和纸制品业实现利润总额 443.0 亿元，同比下降 13.6%。 022-23839135 行业发展情况 研子究行助业理评级 （1）2025 年，社会消费品零售总额家具类为 2,091.90 亿元，同比增长 14.62%。 证 家居用品 中 ...

Core Viewpoint - Henglin Co., Ltd. has established an effective overseas warehousing network in the United States, primarily serving cross-border e-commerce for self-use [1] Group 1: Overseas Warehousing Network - The company has built a network that covers major sales regions in the U.S. [1] - This network is designed to support cross-border e-commerce operations [1] Group 2: Strategic Initiatives - The company plans to enhance warehouse resource utilization through full-chain cost optimization, localized after-sales, service upgrades, and data-driven selection and marketing strategies [1] - Future resource allocation for overseas warehouses will be dynamically optimized based on business needs to support the "manufacturing going global + global service" strategy [1]

证券之星消息，2月2日家居用品板块较上一交易日下跌2.02%，顾家家居领跌。当日上证指数报收于 4015.75，下跌2.48%。深证成指报收于13824.35，下跌2.69%。家居用品板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 300749 | 顶固集创 | 18.00 | 7.53% | 22.84万 | | 4.14亿 | | 003011 | 海象新材 | 24.16 | 2.90% | 8.78万 | | 2.17亿 | | 301588 | 美新科技 | 22.60 | 2.36% | 5.44万 | | 1.25亿 | | 603208 | 江山欧派 | 15.12 | 1.89% | 6.15万 | 9334.15万 | | | 603195 | 公牛集团 | 42.49 | 1.70% | 5.77万 | | 2.47亿 | | 603610 | 麒盛科技 | 17.58 | 1.09% | 6.40万 | | 1.13亿 | | 603 ...

截至2026年1月30日收盘，双枪科技(001211)报收于29.3元，上涨2.52%，换手率3.25%，成交量2.18万 手，成交额6327.68万元。 当日关注点 1月30日主力资金净流入59.92万元；游资资金净流出481.39万元；散户资金净流入421.48万元。 业绩披露要点 业绩预告 双枪科技发布业绩预告，预计2025年全年归属净利润盈利850万元至1150万元；营业收入预计为15.9亿 元至16.3亿元；扣非后净利润预计盈利240万元至360万元；每股收益预计盈利0.12元至0.16元。 公司公告汇总 2025年度业绩预告 双枪科技股份有限公司预计2025年度归属于上市公司股东的净利润为850万元至1,150万元，较上年同期 下降59.54%至70.09%；扣除非经常性损益后的净利润为240万元至360万元，同比下降48.77%至 65.85%；营业收入预计为159,000万元至163,000万元，较上年同期增长。业绩下降主要由于全资子公司 补缴税款及滞纳金674.48万元计入当期损益、汇率变动导致财务费用上升，以及非经常性损益同比大幅 减少。本次业绩预告未经注册会计师审计，最终数据以2025年 ...

Group 1: Market Performance - The home goods sector increased by 2.32% on January 29, with Marco Polo leading the gains [1] - The Shanghai Composite Index closed at 4157.98, up 0.16%, while the Shenzhen Component Index closed at 14300.08, down 0.3% [1] Group 2: Individual Stock Performance - Marco Polo (001386) closed at 25.70, up 10.02%, with a trading volume of 290,000 shares and a transaction value of 717 million yuan [1] - Other notable performers included: - Bincao Lawn (6605099) at 43.05, up 9.99%, with a transaction value of 211 million yuan [1] - Home Link Technology (301193) at 23.52, up 7.40%, with a transaction value of 215 million yuan [1] - Oppein Home (603833) at 62.34, up 6.20%, with a transaction value of 413 million yuan [1] Group 3: Capital Flow Analysis - The home goods sector saw a net inflow of 263 million yuan from institutional investors, while retail investors experienced a net outflow of 122 million yuan [2] - Major stocks with significant capital flow included: - Marco Polo with a net inflow of 239 million yuan from institutional investors [3] - Bull Group (603195) with a net inflow of 41.50 million yuan [3] - Oppein Home (603833) with a net inflow of 23.39 million yuan [3]

Investment Rating - The report maintains a "Recommended" rating for the light industry manufacturing sector [2] Core Insights - Real estate data remains under pressure, but national subsidies and the expansion of the trade-in policy are driving a recovery in consumption. In 2025, the cumulative sales area of commercial housing in China reached 881.01 million square meters, down 8.7% year-on-year, while the cumulative sales amount reached 8393.68 billion yuan, down 12.6% year-on-year. The number of transactions in 30 major cities increased by 50% year-on-year, with a transaction area growth of 38% [1][11] - The implementation of a 62.5 billion yuan national subsidy on January 1 has led to a rapid qualification exhaustion, and the trade-in policy now includes smart and elderly-friendly home products. Major companies like Mousse, Oppein, and Youban are exploring strategic development and transformation in the competitive stock market [1][69] Summary by Sections Industry Key Data Tracking - **Home Furnishing**: Real estate data remains under pressure, but the return of national subsidies is expected to boost downstream demand recovery [7] - **Packaging**: Stable downstream demand and continuous optimization of the competitive landscape [52] Industry News and Dynamics - **Home Furnishing**: Policies are driving a recovery in consumption, with leading home furnishing companies pushing for strategic transformation [69] - **Packaging**: Anti-involution measures are improving corporate difficulties, and digitalization is driving industry upgrades [70] Light Industry Performance in Capital Markets - **Industry Yield Performance**: From December 2025 to January 2026, the CSI 300 index rose by 1.66%, while the light industry manufacturing sector increased by 5.10%, ranking 19th among 31 sub-industries [73] - **Industry Valuation**: The valuation of the sector has slightly increased, with the PE-TTM for packaging printing, home furnishing, paper, and entertainment products at 41.74, 29.68, 32.38, and 48.91 respectively [78] Investment Recommendations - For the home furnishing sector, it is recommended to focus on Oppein and Songlin Technology; for the packaging sector, attention should be on Aorijin, Yutong Technology, and Xianggang Technology; in the toy sector, focus on Pop Mart; in the paper sector, consider Jiulong Paper and Hengfeng Paper; additionally, the expansion of HNB is expected to drive high prosperity in the tobacco-related industry chain, recommending attention to China Tobacco Hong Kong [81]