Core Viewpoint - The credit rating of Zhibang Home Furnishing Co., Ltd. is affirmed at AA with a stable outlook, reflecting its strong market position and brand recognition in the customized home furnishing industry [3][5][9]. Company Overview - Zhibang Home Furnishing holds a significant market position and brand awareness in the customized home furnishing sector, with a diverse product range and financing channels [3][7][9]. - The company has successfully issued convertible bonds in March 2025, enhancing its financing capabilities [6][10]. Financial Performance - As of March 2025, the total assets of the company reached 67.23 billion, with total liabilities at 31.91 billion, and total equity at 35.32 billion [6][20]. - The company's operating revenue for 2022 was 53.89 billion, which increased to 61.16 billion in 2023, but saw a decline to 52.58 billion in 2024 [20][24]. - The net profit for 2022 was 5.37 billion, which decreased to 3.85 billion in 2024 [20][24]. Market Environment - The customized home furnishing industry is experiencing intense competition, and fluctuations in the real estate market are impacting the sector [3][9]. - The government has introduced various policies to support the home furnishing industry, aiming to stabilize the real estate market and promote consumption [9][10]. Risks and Challenges - The company faces challenges related to high accounts receivable, with a significant amount tied to the real estate sector, which may affect cash flow and financial stability [3][9][20]. - The operational management of a large number of distributors and the geographical spread of these distributors present additional management difficulties [4][9]. Future Outlook - The company is expected to maintain a stable credit level in the near future, with potential for upward adjustments if market share and profitability improve significantly [5][6]. - The integration of the customized home furnishing industry is anticipated, with leading companies likely to capture more market share [9][10].

Core Viewpoint - The company, Qisheng Technology Co., Ltd., has announced the cancellation of 5,497,630 shares that were repurchased, which represents 1.53% of the total share capital prior to cancellation [1][3]. Summary by Sections 1. Share Cancellation Details - The cancellation of shares will reduce the total share capital from 358,489,251 shares to 352,992,621 shares [1][3]. - The shares to be cancelled were all held in the company's repurchase special securities account [3]. 2. Decision-Making Process - The decision to cancel the repurchased shares was approved in meetings held on April 17, 2025, May 12, 2025, and at the annual shareholders' meeting in 2024 [1][2]. 3. Repurchase Approval and Plan - The repurchase plan was approved on August 18, 2022, with a total repurchase range of 3.1909 million to 5.698 million shares at a price not exceeding 17.55 yuan per share [2]. 4. Repurchase Implementation - As of November 10, 2022, the company successfully repurchased 5,497,630 shares at an average price of 13.64 yuan per share, totaling 74,963,091 yuan [3]. 5. Share Structure Changes - After the cancellation, the share structure will reflect that the repurchased shares will no longer exist, with all shares now being freely tradable [5]. 6. Impact of Share Cancellation - The cancellation of shares will not significantly impact the company's financial status or operational results, nor will it alter the control of the company [6].

Group 1 - *ST Yazhen's stock price has experienced significant volatility, with a cumulative increase of 29.43% from June 17 to June 26, 2025, leading to a trading suspension for verification [2][4] - This is the second trading suspension in June 2025 due to stock price fluctuations, with a previous cumulative increase of 107.83% from May 6 to June 11, 2025 [4] - The company's stock price has significantly diverged from its fundamentals, as it reported a total revenue of 202 million yuan and a net profit loss of 116 million yuan in 2024, continuing a three-year loss trend [5][8] Group 2 - The recent stock price surge is closely related to a change in control, with the controlling shareholder, Shanghai Yazhen Investment Co., Ltd., transferring 29.99996% of shares to Wu Tao for 448 million yuan [8] - Since the announcement of the share transfer on April 24, 2025, *ST Yazhen's stock price has increased by 144.81% [8] - Wu Tao, the new controlling shareholder, is known as a "Shandong mining tycoon" and is the executive director of Jinan Yuxiao Group, the largest zircon-titanium mining company globally [8][9]

订阅A股涨停捉妖队 +订阅 订阅A股市场资讯 +订阅 金十数据6月26日讯，*ST亚振公告称，公司股票于2025年6月17日至6月26日收盘价格涨幅偏离值累计 达到29.43%，短期涨幅与同期上证指数、家具制造业存在严重偏离。公司将就股票交易情况进行核 查，经申请，公司股票自2025年6月27日开市起停牌，自披露核查公告后复牌，预计停牌时间不超过5个 交易日。 *ST亚振：因股票交易异常波动停牌核查 ...

General Principles - The establishment of the Audit Committee aims to enhance the decision-making function of the Board of Directors, ensuring effective supervision of management and improving corporate governance structure [2][4] - The Audit Committee is a specialized working body set up by the Board of Directors, responsible for reviewing financial information, supervising internal and external audits, and evaluating internal controls [2][5] Composition of the Committee - The Audit Committee consists of four directors who are not senior management, with a majority being independent directors, including at least one accounting professional [4] - The committee members are nominated by the Chairman or a majority of independent directors and elected by the Board [4][5] - The term of the Audit Committee aligns with that of the Board, and members can be re-elected [4][5] Responsibilities and Authority - The main responsibilities include reviewing financial information, supervising internal controls, and exercising the powers of the supervisory board as stipulated by law [5][9] - Certain matters require the approval of a majority of the committee before being submitted to the Board, including financial report disclosures and hiring or firing external auditors [5][9] - The committee is responsible for reporting on the progress and quality of internal audits and any significant issues discovered [11][12] Meetings and Procedures - The Audit Committee must hold at least one regular meeting each quarter, with additional meetings called as necessary [15] - Meetings require the presence of at least two-thirds of the committee members to be valid, and decisions must be approved by a majority [23] - Meeting records must be kept for at least ten years, and all members have confidentiality obligations regarding the discussed matters [27][29] Internal and External Audit Coordination - The committee supervises and evaluates both internal and external audit work, ensuring effective coordination between them [7][10] - It has the authority to propose the hiring or replacement of external auditors and to evaluate their performance annually [10][14] Reporting and Accountability - The Audit Committee must provide written evaluations of the effectiveness of internal controls to the Board and report any significant issues or irregularities [9][14] - In cases of major internal control deficiencies or financial misconduct, the committee is responsible for overseeing corrective actions and internal accountability measures [11][14] Implementation and Amendments - The implementation rules of the Audit Committee take effect upon approval by the Board and are subject to interpretation and revision by the Board [18]

Core Points - The document outlines the responsibilities, qualifications, and operational procedures for the General Manager of Guangzhou Seagull Residential Industrial Co., Ltd. [1][2][3] Group 1: General Provisions - The General Manager is responsible for the daily management of the company under the leadership of the Board of Directors, ensuring the implementation of board resolutions and managing production and operations [1][2] - The General Manager must adhere to laws, regulations, and the company's articles of association, fulfilling obligations of integrity and diligence [1] Group 2: Appointment and Dismissal - The General Manager must meet specific qualifications, including good personal qualities, management experience, and the ability to motivate employees [2] - Certain disqualifications for the General Manager include criminal convictions related to corruption or financial misconduct, and being listed as a dishonest debtor [2] Group 3: Powers of the General Manager - The General Manager has comprehensive authority over daily operations, including implementing board decisions, managing annual plans, and proposing internal management structures [4][5] - The General Manager can approve transactions under specific financial thresholds without board approval, such as transactions not exceeding 10% of audited net profit or absolute amounts of 1 million [5][6] Group 4: Responsibilities and Reporting - The General Manager and other executives have obligations to act diligently, treat all shareholders fairly, and ensure the accuracy of company disclosures [9][10] - The General Manager must report significant changes in the business environment or expected performance variations to the Board of Directors [11] Group 5: Incentives and Constraints - The General Manager's performance is evaluated by the Board, with compensation linked to performance metrics [12][13] - Failure to meet operational targets may result in penalties, while successful management may lead to rewards [12]

*ST亚振：公司股价严重高于要约收购价格 提请广大投资者注意投资风险 智通财经6月24日电，*ST亚振(603389.SH)公告称，公司股票于2025年6月20日、23日、24日连续三个交 易日内日收盘价格涨幅偏离值累计达到12%，属于股票交易异常波动。公司股票短期涨幅与同期上证指 数、家具制造业存在严重偏离，市净率严重高于同行业水准。公司生产经营风险较大，2024年度扣除非 经常性损益后的净利润为负值，且营业收入低于3亿元，实施退市风险警示。鉴于公司最近交易日收盘 价为15.41元/股，严重高于要约收购价格，提请广大投资者注意投资风险。 ...

亚振家居股份有限公司 证券代码：603389 证券简称：*ST 亚振 公告编号：2025-041 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 证券停复牌情况：适用 因重大事项,本公司的相关证券复牌情况如下： 停牌 证券代码 证券简称 停复牌类型 停牌起始日 停牌终止日 复牌日 期间 ? 公司股票于 2025 年 5 月 6 日至 6 月 11 日连续二十六个交易日内日收盘价格涨 幅偏离值累计达到 107.83%，多次触及股票交易异常波动。公司股票短期涨幅与同 期上证指数、家具制造业存在严重偏离。为维护投资者利益，公司就股票交易情 况进行了核查。公司郑重提醒广大投资者，公司股价可能存在短期涨幅较大后下 跌的风险，请投资者务必充分了解二级市场交易风险，切实提高风险意识，理性 决策、审慎投资。 ? 生产经营风险。公司 2024 年度经审计的扣除非经常性损益后的净利润为负值， 且扣除与主营业务无关的业务收入和不具备商业实质的收入后的营业收入低于 3 亿元，触及《上海证券交易所股票上市规则》第 9.3.2 条第一 ...

Group 1 - The company received a non-standard audit opinion with an emphasis on the risk of loss related to accounts receivable from Shanghai Shufude Digital Technology Co., Ltd, amounting to 94.79 million yuan, with a bad debt provision of 66.79 million yuan for accounts receivable and 20.26 million yuan for other receivables [1][2] - Shanghai Shufude was recognized as a related party due to its significant reliance on the company's credit support and high sales on credit, leading to an additional recognition of 80.81 million yuan in related transactions for 2024 [1][2] - The company plans to purchase raw materials worth 25 million yuan and sell products worth 160 million yuan to Shanghai Shufude in 2025, indicating a growth in transaction scale [1] Group 2 - The company is required to disclose the equity structure and historical evolution of Shanghai Shufude, including any potential undisclosed related relationships or interests involving the controlling shareholders [2][3] - The independent audit and board of directors are tasked with reviewing the necessity and reasonableness of the large-scale related transactions planned for 2025, given the uncertainties surrounding the recovery of previous receivables [2][8] Group 3 - The sales model of Shanghai Shufude includes both direct sales and distribution, with a focus on order-based delivery, ensuring no inventory is held except for display samples [13][14] - The company has established a centralized system for order processing, where sales data is uploaded to facilitate procurement and delivery, ensuring credit checks are performed before shipment [12][13] - The pricing strategy for products sold to Shanghai Shufude is aligned with historical data from the company's domestic subsidiaries, ensuring consistency in pricing across channels [18][22] Group 4 - The company reported significant sales figures for smart beds and mattresses, with 2024 sales reaching 73.49 million yuan and 2025 sales in the first four months at 28.74 million yuan [16][24] - The accounts receivable from Shanghai Shufude as of 2024 amounted to 94.79 million yuan, reflecting the company's credit policy of allowing 90 days for payment after invoicing [24][25] - The company has implemented a sales policy that prohibits distributors from stockpiling products, ensuring fair pricing and market stability [15][22]

控股股东筹划股份协议转让，新实控人入局随即发起要约收购。"披星戴帽"的同时股价开启上涨模式， 26个交易日涨幅偏离值达107.83%被紧急停牌核查。"易主"后的*ST亚振成为市场焦点。 今年4月，亚振家居股份有限公司（简称"*ST亚振"）披露消息称，公司控股股东上海亚振投资有限公 司（简称"亚振投资"）筹划股份协议转让，可能导致公司控制权变更。此时距上次"易主"闪电终止不到 半年。5月底，亚振投资与吴涛及其一致行动人范伟浩协议转让公司股份事项完成过户登记。*ST亚振 控股股东由亚振投资变更为吴涛，实际控制人由高伟、户美云、高银楠变更为吴涛。而后，吴涛发起要 约收购，拟以5.68元/股要约收购*ST亚振21%股份。 2021年至2024年，*ST亚振营业收入连续4年低于3亿元，净利润也连亏4年。今年5月6日起，其股票被 实施退市风险警示，证券简称将由"亚振家居"变更为"*ST亚振"。而自5月6日至6月11日，*ST亚振连续 26个交易日内日收盘价格涨幅偏离值累计达到107.83%，多次触及股票交易异常波动，最终引发紧急停 牌核查。 6月17日，*ST亚振复牌，股票再次涨停，收报于13.60元/股，与5.68元/ ...