证券代码：603216 证券简称：梦天家居 公告编号：2025-028 梦天家居集团股份有限公司 2025 年半年度主营业务分产品情况 单位：万元 | 分产品 | 营业收入 | 营业成本 | 毛利率 | 营业收入比 上年增减 | 营业成 本比上 | 毛利率比上年 | | --- | --- | --- | --- | --- | --- | --- | | | | | （%） | （%） | 年增减 （%） | 增减 | | 门类 | 19,822.68 | 15,826.71 | 20.16 | -12.34 | -13.60 | 增长 1.17 个百 分点 | | 柜类 | 16,375.06 | 11,906.89 | 27.29 | 14.61 | 21.97 | 下降 4.38 个百 分点 | | 墙板 | 6,399.75 | 3,755.52 | 41.32 | 5.67 | 2.29 | 增长 1.94 个百 分点 | | 其他家具 | 821.84 | 551.29 | 32.92 | 8.28 | 18.83 | 下降 5.95 个百 分点 | | 合计 | 43,419.33 | 32, ...

公司最新资产负债率为57.39%，较上季度资产负债率增加1.11个百分点，较去年同期资产负债率增加 2.15个百分点。 公司最新毛利率为34.23%，较上季度毛利率减少1.01个百分点。最新ROE为-2.57%。 2025年8月27日，尚品宅配(300616.SZ)发布2025年中报。 公司营业总收入为15.52亿元，较去年同报告期营业总收入减少1.58亿元，同比较去年同期下降9.24%。 归母净利润为-8066.94万元。经营活动现金净流入为-2.18亿元。 公司最新总资产周转率为0.20次，较去年同期总资产周转率减少0.01次，同比较去年同期下降2.46%。 最新存货周转率为1.43次，较去年同期存货周转率减少0.17次，同比较去年同期下降10.80%。 公司股东户数为1.48万户，前十大股东持股数量为1.10亿股，占总股本比例为48.83%，前十大股东持股 情况如下： | 序号 | 股东名称 | 持股比例 | | --- | --- | --- | | I | 李连柱 | 20.78% | | 2 | 周淑毅 | 7.79% | | | 彭劲雄 | 7.71% | | 4 | 付建平 | 3.90% | ...

据证券之星公开数据整理，近期梦百合（603313）发布2025年中报。截至本报告期末，公司营业总收入 43.16亿元，同比上升9.35%，归母净利润1.15亿元，同比上升117.82%。按单季度数据看，第二季度营 业总收入22.73亿元，同比上升6.83%，第二季度归母净利润5583.46万元，同比上升70.39%。本报告期 梦百合盈利能力上升，毛利率同比增幅2.86%，净利率同比增幅76.28%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率39.21%，同比增2.86%，净利率2.53%，同比增 76.28%，销售费用、管理费用、财务费用总计14.41亿元，三费占营收比33.39%，同比增2.41%，每股净 资产6.56元，同比减3.98%，每股经营性现金流0.43元，同比增16.93%，每股收益0.2元，同比增122.22% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 39.47 Z | 43.16 Z | 9.35% | | 归母净利润(元) | 5259.19万 | 1.15/Z | 117.8 ...

Group 1 - President Trump announced the completion of trade agreements with the EU, Japan, and South Korea, indicating a focus on revitalizing the U.S. furniture manufacturing industry through potential high tariffs on imported furniture, possibly up to 200% [1][5] - Following Trump's comments on furniture tariffs, furniture stocks experienced volatility, with Wayfair dropping nearly 6% after a previous rise, and other furniture stocks like Williams-Sonoma and RH also closing lower [5] - The U.S. stock market showed slight gains during Trump's speech, with the S&P 500 and Nasdaq both rising, while semiconductor stocks outperformed the broader market [1] Group 2 - The trade agreements with the EU, Japan, and South Korea, announced in July, have raised concerns about potential issues and fairness, particularly regarding tariff rates and investment commitments [10][11][12] - The EU agreement includes a 15% tariff on many EU imports, while the EU has committed to significant investments in the U.S. However, there are doubts about the reciprocity of the agreement [10] - The Japan agreement involves a reduction of tariffs from 25% to 15% and a commitment from Japan to invest $550 billion, but there are discrepancies in profit distribution interpretations between the U.S. and Japan [11][12] - The South Korea agreement sets a tariff cap of 15% on imports, avoiding a previously threatened 25% rate, but U.S. officials have expressed dissatisfaction with the lack of detail on South Korea's investment commitments [12]

Core Viewpoint - The company reported a strong performance in the first half of 2025, with revenue and net profit showing significant year-on-year growth, indicating a positive trend in both domestic and international markets [1][2]. Revenue Performance - In 1H2025, the company achieved revenue of 4.32 billion yuan, up 9.4% year-on-year, and a net profit of 110 million yuan, up 117.8% year-on-year [1]. - Domestic and international sales for 1H2025 were 750 million yuan and 3.42 billion yuan, respectively, reflecting growth of 11.7% and 8.1% year-on-year [2]. - In 2Q2025, the company reported revenue of 4.4 billion yuan for domestic sales, up 17.7% year-on-year, and 1.75 billion yuan for international sales, up 2.8% year-on-year [2]. Channel Performance - The company experienced a reduction in the number of offline stores, with a net decrease of 17 direct stores and 10 dealer stores compared to the end of 2024 [3]. - Online sales for the company's proprietary brand saw rapid growth, driven by enhanced e-commerce and live-streaming strategies [3]. Profitability - The gross margin for 1H2025 was 39.2%, an increase of 1.1 percentage points year-on-year, with domestic gross margins reaching 51.1%, up 6.7 percentage points [5]. - In 2Q2025, the gross margin was 39.1%, up 1.3 percentage points year-on-year, with domestic gross margins at 51.3%, up 6.8 percentage points [6]. Cost Structure - The company's expense ratio for 1H2025 was 34.9%, up 0.8 percentage points year-on-year, primarily due to increased e-commerce operational costs [8]. - In 2Q2025, the expense ratio remained at 34.9%, with sales expenses increasing due to the focus on online business development [8]. Market Outlook - The domestic furniture retail market showed strong growth, with a 22.6% year-on-year increase in total retail sales from January to July 2025 [8]. - The company is expected to benefit from potential interest rate cuts and tariff policies that may enhance its competitive position in the U.S. market [8].

Core Insights - The company reported a significant decline in revenue for the first half of 2025, with total revenue reaching 268 million yuan, representing a year-on-year decrease of 40.65% [1] - The net profit attributable to shareholders was negative, amounting to -12.5764 million yuan, indicating financial challenges [1] - The net profit after deducting non-recurring gains and losses was also negative, at -19.8019 million yuan, reflecting ongoing operational difficulties [1] - The basic earnings per share were reported at -0.07 yuan, further highlighting the company's financial struggles [1]

Business Performance - The total operating revenue for the first half of 2025 is 794,910,746.73 CNY, with a decrease of 9.67% compared to the previous year [1] - The total operating cost is 538,788,041.15 CNY, reflecting a decrease of 5.99% year-on-year [1] - The overall gross profit margin is 32.22%, which is a reduction of 2.65 percentage points compared to the previous year [1] Product Segment Analysis - The revenue from overall wardrobes is 566,635,378.03 CNY, with a gross profit margin of 36.39%, showing a decrease of 14.38% in revenue year-on-year [1] - The revenue from cabinets is 164,884,014.74 CNY, with a gross profit margin of 22.27%, reflecting a year-on-year decrease of 17.16% [1] - The revenue from finished matching products is 30,615,828.06 CNY, with a gross profit margin of 18.38%, indicating a significant increase of 31.17% in revenue year-on-year [1] - The revenue from wooden doors is 32,775,525.90 CNY, with a gross profit margin of 23.11%, showing a slight decrease of 0.60% in revenue year-on-year [1] Channel Performance - Direct store revenue is 20,439,882.65 CNY, with a gross profit margin of 44.19%, reflecting a significant decrease of 42.64% year-on-year [1] - Dealer store revenue is 590,922,491.51 CNY, with a gross profit margin of 37.33%, showing a decrease of 17.27% compared to the previous year [1] - Bulk business revenue is 183,548,372.57 CNY, with a gross profit margin of 14.45%, indicating an increase of 41.08% year-on-year [1] Store Changes - The number of dealer stores is 1,848, with 221 new openings and 162 closures [2] - The number of direct stores is 9, with 0 new openings and 6 closures [2]

| 分渠道 | 营业收入（元） | 营业成本（元） | 毛利率 | 营业收入 比上年增 | 营业成本 比上年增 | | 毛利率比上年增减 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | （%） | | | | （%） | | | | | | 减（%） | 减（%） | | | | 直营店 | 20,439,882.65 | 11,408,072.43 | 44.19 | -42.64 | -36.45 | 减少 5.43 | 个百分点 | | 经销店 | 590,922,491.51 | 370,351,576.15 | 37.33 | -17.27 | -17.20 | 减少 0.05 | 个百分点 | | 大宗业务 | 183,548,372.57 | 157,028,392.57 | 14.45 | 41.08 | 45.50 | 减少 2.60 | 个百分点 | | 合计 | 794,910,746.73 | 538,788,041.15 | 32.22 | -9.67 | -5.99 | 减少 2.65 | 个百分点 | 证券代 ...

尚品宅配8月26日披露的半年报显示，公司上半年实现营业收入15.52亿元，同比下降9.24%；归属于上 市公司股东的净利润亏损8066.94万元，上年同期亏损1.06亿元；基本每股收益-0.36元。 ...

格隆汇8月26日丨尚品宅配(300616.SZ)公布2025年半年度报告，上半年公司实现营业收入15.52亿元，同 比下降9.24%；归属于上市公司股东的净利润-8066.94万元；归属于上市公司股东的扣除非经常性损益 的净利润-8846.42万元；基本每股收益-0.36元。 ...