Group 1 - Investment Rating: Buy [6] - Core View: The company is a leading player in the home textile industry, focusing on "super-soft bedding" and implementing a multi-brand, omnichannel development strategy. The company has maintained a high dividend payout ratio, providing substantial returns to shareholders. It has launched a "big product" strategy since 2024, introducing star products like "Zero Pressure Deep Sleep Pillow" and "Seamless Sleep Bed Cover," successfully transitioning from channel-driven to product-driven strategies [6][9]. Group 2 - Industry Insight: The home textile industry is steadily growing, driven by the awakening demand for sleep health and the deepening penetration of online channels. The emergence of "big products" with technological barriers and exceptional experiences is key for brands to stand out. Leading brands are adjusting their strategies to focus on big product development and comprehensive marketing, which is expected to enhance industry concentration [6][40][42]. - Market Overview: The home textile industry is expected to reach a scale of 336 billion yuan by 2025, with a stable growth outlook. The market remains fragmented, providing opportunities for leading companies to increase their market share [42][43]. Group 3 - Company Highlights: The company has made significant progress with its big product strategy, leading to noticeable revenue growth. The core star products have driven rapid growth in related categories, and online channels have become a major revenue contributor. The company is also seeing a recovery in its offline channels, with improved confidence among franchisees [7][9][15]. - Financial Analysis: The company has shown stable profitability, with a net profit margin maintained above 10%. Despite challenges in the furniture business, the overall financial health remains strong, supported by a solid cash flow and a high dividend payout ratio [27][29][34]. - Governance: The company has a concentrated ownership structure, with experienced management. The core team has extensive industry experience, contributing to the company's strategic direction and operational efficiency [38].

证券日报网讯 1月14日，皮阿诺发布公告称，公司2026年第一次临时股东会审议通过《关于变更公司住 所并修订的议案》。 （文章来源：证券日报） ...

业绩预亏的主要原因：1、报告期内，受房地产行业和家具消费低迷的影响，国内家具业务收入持续下 滑，对公司利润产生负面影响;2、报告期内，海外市场浮动利率逐步下行，但全年来看，公司境外有息 负债利率水平仍然较高，产生了较多的财务费用，对公司净利润产生了负面影响;3、公司2018年并购 Ekornes子公司所产生的资产增值摊销对公司净利润产生负面影响。 智通财经APP讯，曲美家居(603818.SH)发布公告，公司预计2025年度实现归属于上市公司股东的净利 润为亏损1.1亿元至7500万元，与上年同期相比亏损减少5,277.50万元至8,777.50万元，亏损幅度同比收 窄32.42%至53.92%。 ...

Core Viewpoint - Qu Mei Home (603818) expects a net profit loss attributable to shareholders of 75 million to 110 million yuan for the fiscal year 2025, indicating a reduction in losses compared to the previous year [2] Group 1: Financial Performance - The anticipated loss for 2025 represents a decrease in losses by 52.775 million to 87.775 million yuan compared to the same period last year [2] - The decline in domestic furniture business revenue is attributed to the sluggish real estate sector and weak consumer demand for furniture [2]

每日经济新闻 （记者 曾健辉） 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 每经AI快讯，曲美家居1月14日晚间发布业绩预告，预计2025年度实现归属于上市公司股东的净利润为 人民币-1.1亿元至-7500万元，与上年同期相比亏损减少人民币5277.5万元~8777.5万元，亏损幅度同比收 窄32.42%~53.92%。上年同期归属于上市公司股东的净利润为亏损约1.63亿元；归属于上市公司股东的 扣除非经常性损益的净利润为亏损约1.62亿元；每股收益为亏损0.24元。业绩变动主要原因是，报告期 内，受房地产行业和家具消费低迷的影响，国内家具业务收入持续下滑，对公司利润产生负面影响；报 告期内，海外市场浮动利率逐步下行，但全年来看，公司境外有息负债利率水平仍然较高，产生了较多 的财务费用，对公司净利润产生了负面影响；公司2018年并购Ekornes子公司所产生的资产增值摊销对 公司净利润产生负面影响。 每经头条（nbdtoutiao）——海利生物增值9倍并购的企业，估值8个月"腰斩"，其第一大客户竟是尚未 成立的公司，离奇的事还不少…… ...

人民财讯1月14日电，曲美家居（603818）1月14日公告，预计2025年度实现归属于上市公司股东的净利 润亏损7500万元—1.1亿元，与上年同期相比亏损减少5277.5万元至8777.5万元。报告期内，受房地产行 业和家具消费低迷的影响，国内家具业务收入持续下滑，对公司利润产生负面影响。 ...

21智讯1月14日电，"曲美家居"发布年度业绩预告，预计2025年全年归属于上市公司股东的净利润 为-11,000.00万元至-7,500.00万元，同比预减；预计2025年全年归属于上市公司股东的扣除非经常性损 益的净利润为-14,500.00万元至-10,500.00万元，同比预减，归属于上市公司股东的净利润：预计2025年 度实现归属于上市公司股东的净利润为人民币-11,000.00万元至-7,500.00万元，与上年同期相比亏损减 少人民币5,277.50万元至8,777.50万元，亏损幅度同比收窄32.42%至53.92%。归属于上市公司股东的净 利润同比：亏损幅度同比收窄32.42%至53.92%。原因：1、报告期内，受房地产行业和家具消费低迷的 影响，国内家具业务收入持续下滑，对公司利润产生负面影响；2、报告期内，海外市场浮动利率逐步 下行，但全年来看，公司境外有息负债利率水平仍然较高，产生了较多的财务费用，对公司净利润产生 了负面影响；3、公司2018年并购Ekornes子公司所产生的资产增值摊销对公司净利润产生负面影响。 ...

美克家居公告称，公司股票于2026年1月9日、1月12日、1月13日连续三个交易日内收盘价格跌幅偏离值 累计超20%，属异常波动。经自查，公司经营情况、内外部环境未变，无应披露未披露重大信息，未发 现影响股价的媒体报道、市场传闻及热点概念事项，董高控在此期间无买卖公司股票情况。公司提示投 资者注意交易风险。 ...

ZANHEE X 電筒H 抢平台换新大额补贴流程 选择旧品为家具-电脑椅 页面显示"无残值代处置" 无需提供旧品即可享受换新补贴 0 STEP 1 同意协议并立即换新 同意《以旧换新交易协议》 旧品选择 家具-电脑椅 点击 立即换新 即可抢补贴 点击: 7 利润新 (0) STEP 1 7 即 渔 安 同意协议并立即换新 同意《以旧换新交易协议》 旧品选择 家具-电脑椅 点高v 即换新 点击 立即换新 即可抢补贴 抢平台换新大额补贴流程 选择旧品为家具-电脑椅 页面显示"无残值代处置" 无需提供旧品即可享受换新补贴 ...

Group 1: Fund Research - The equity market saw all major indices rise, with the highest increase being 9.80% for the Sci-Tech 50 index during the week of January 5 to January 9, 2026 [2] - The average return for equity funds was 4.66%, with a positive return ratio of 98.63%, while fixed income plus funds averaged a 0.90% increase with a positive return ratio of 93.57% [3] - The ETF market experienced a net outflow of 57.215 billion yuan, with bond ETFs seeing the largest outflow of 66.431 billion yuan [3] Group 2: Industry Research - The U.S. Supreme Court has not yet announced a ruling on the Trump tariff case, which is being closely monitored, while the U.S. has postponed the tariff increase on certain imported furniture products [5] - The light industry manufacturing sector outperformed the CSI 300 index by 0.19 percentage points, while the textile and apparel sector underperformed by 0.13 percentage points during the same period [6] - China's emotional consumption market is projected to grow from 1.63 trillion yuan in 2022 to over 4.5 trillion yuan by 2029, indicating strong growth potential in sectors like trendy toys, pet consumption, and domestic fashion [7]