证券代码：603801 证券简称：志邦家居 公告编号：2025-082 债券代码：113693 债券简称：志邦转债 志邦家居股份有限公司 关于 2025 年三季度主要经营情况的公告 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个别及连带责任。 （二）主营业务分渠道情况 | 分渠道 | 营业收入（元） | 营业成本（元） | 毛利率 | 营业收入比 | 营业成本比 | 毛利率比上 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 上年增减 | 上年增减 | 年同期增减 | | | 零售业务 | 2,005,041,227.76 | 1,248,594,404.15 | 37.73% | -7.57% | -3.69% | 下降 2.51 | 个 | | | | | | | | 百分点 | | | 大宗业务 | 629,727,365.57 | 420,356,454.25 | 33.25% | -43.03% | -40.13% | 下降 3.24 | 个 | ...

| 证券代码：603833 | 证券简称：欧派家居 | | 公告编号：2025-094 | | --- | --- | --- | --- | | 转债代码：113655 | 转债简称：欧 | 22 | 转债 | 欧派家居集团股份有限公司 一、2025 年前三季度（1-9 月）主营业务分产品情况 单位：人民币万元 | | | | | | 营业收入 | 营业成本 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 分产品 | | 营业收入 | 营业成本 | 毛利率 | 比上年同 | 比上年同 | | 毛利率比上年同期 | | | | | | （%） | 期增减 | 期增减 | | 增减 | | | | | | | （%） | （%） | | | | 橱 | 柜 | 383,541.78 | 260,943.04 | 31.96 | -4.80 | -6.65 | 增加 1.34 | 个百分点 | | 衣柜及配套 家具产品 | | 678,621.07 | 381,734.56 | 43.75 | -5.58 | -10.16 | 增加 ...

Core Viewpoint - The company reported a decline in both revenue and net profit for the third quarter of 2025 compared to the same period last year, indicating potential challenges in its financial performance [1] Financial Performance - In Q3 2025, the company achieved a revenue of 4.973 billion yuan, a year-on-year decrease of 6.10% [1] - The net profit attributable to shareholders was 814 million yuan, down 21.79% year-on-year [1] - Basic earnings per share for Q3 2025 were 1.34 yuan [1] Year-to-Date Performance - For the first three quarters of 2025, the company reported a total revenue of 13.214 billion yuan, reflecting a year-on-year decline of 4.79% [1] - The net profit attributable to shareholders for the first three quarters was 1.832 billion yuan, a decrease of 9.77% year-on-year [1] - Basic earnings per share for the first three quarters were 3.01 yuan [1]

Core Insights - Mousse Health Sleep Co., Ltd. reported a revenue of 1.284 billion yuan for Q3 2025, a year-on-year increase of 2.79%, while the revenue for the first three quarters was 3.761 billion yuan, reflecting a year-on-year decline of 3.01%. The net profit attributable to shareholders for the same period was 466 million yuan, down 10.61% year-on-year [1] Group 1: Strategic Focus - The company is focusing on three strategic pillars: enhancing health sleep, deepening AI capabilities, and global brand development [1] - Mousse has implemented a comprehensive brand activity matrix throughout the year, including initiatives like "321 World Sleep Day" and "618 World Dust Mite Day" to strengthen its brand positioning and user engagement [1] Group 2: Technological Advancements - The company introduced the AutoFit adaptive technology, which utilizes sleep data collection, processing, analysis, and decision-making to create a comprehensive ecosystem covering sleep monitoring, intelligent adjustment, and health management [1] - At the "Deep AI Sleep New Revolution" global product launch, Mousse unveiled the AI mattress T11+ featuring the "Mousse Tide Algorithm 2.0," integrating perception, decision-making, and evolution into a new smart mattress format [2] Group 3: International Expansion - Mousse is significantly increasing its overseas investment, having acquired a well-known Singaporean home brand and its production base in Indonesia, establishing a localized professional team for market operations and brand management [2] - The company signed strategic cooperation agreements with leading enterprises in Vietnam, Malaysia, Indonesia, and Saudi Arabia in 2025 to accelerate its global network expansion, demonstrating a strong commitment to overseas market development [2]

Core Viewpoint - Qu Mei Home reported a decline in revenue and an increase in net loss for the third quarter and the first three quarters of the year [1] Financial Performance - The revenue for the third quarter was 823 million yuan, a year-on-year decrease of 1.36% [1] - The net loss for the third quarter was 20.07 million yuan, an increase of 3.23% year-on-year [1] - For the first three quarters, the revenue totaled 2.555 billion yuan, reflecting a year-on-year decline of 3.14% [1] - The net loss for the first three quarters was 66.93 million yuan, which is a significant increase of 53.94% year-on-year [1]

Core Insights - The company reported a total revenue of 773 million yuan for Q3 2025, ranking 44th among disclosed peers, which represents a decrease of 23.36 million yuan or 2.93% year-on-year [1] - The net profit attributable to shareholders was 56.30 million yuan, ranking 32nd among peers [1] - The net cash inflow from operating activities was 66.44 million yuan, ranking 33rd among peers [1] Financial Ratios - The latest debt-to-asset ratio is 21.44%, an increase of 1.48 percentage points from the previous quarter [3] - The gross profit margin stands at 29.39% [4] - The return on equity (ROE) is 3.14%, ranking 29th among disclosed peers [4] Earnings and Turnover - The diluted earnings per share (EPS) is 0.25 yuan [5] - The total asset turnover ratio is 0.34 times, ranking 46th among peers, remaining flat compared to the same period last year, with a decrease of 0.50% year-on-year [5] - The inventory turnover ratio is 5.67 times, a decrease of 0.48 times or 7.81% year-on-year [5] Shareholding Structure - The number of shareholders is 11,300, with the top ten shareholders holding 171 million shares, accounting for 76.62% of the total share capital [5] - The largest shareholder is Zhejiang Mengtian Holdings Co., Ltd., holding 55.91% [5]

Company Performance - Pianuo (SZ 002853) reported a revenue of approximately 420 million yuan for the first three quarters of 2025, representing a year-on-year decrease of 37.27% [1] - The net profit attributable to shareholders of the listed company was a loss of approximately 7.53 million yuan [1] - The basic earnings per share showed a loss of 0.04 yuan [1]

Core Viewpoint - Mousse Health Sleep Co., Ltd. reported a mixed performance in Q3 2025, with revenue growth but a significant decline in net profit [1] Financial Performance - In Q3 2025, the company achieved revenue of 1.284 billion yuan, representing a year-on-year increase of 2.79% [1] - The net profit for Q3 2025 was 109 million yuan, showing a year-on-year decline of 26.80% [1] - For the first three quarters of 2025, the company reported total revenue of 3.761 billion yuan, which is a year-on-year decrease of 3.01% [1] - The net profit for the first three quarters was 467 million yuan, reflecting a year-on-year decline of 10.61% [1]

Core Insights - The company reported a revenue of 15.01 billion yuan for Q1-Q3 2025, representing a year-on-year increase of 8.8%, with a net profit attributable to shareholders of 1.54 billion yuan, up 13.2% year-on-year [1] - The company plans to raise up to 1.997 billion yuan through a private placement to its indirect controlling shareholder, demonstrating confidence in long-term development [1] - The company is investing 1.12 billion yuan to establish an overseas production base in Indonesia, with expected annual revenue of approximately 2.52 billion yuan once fully operational [2] Financial Performance - For Q3 2025, the company achieved a revenue of 5.21 billion yuan, a year-on-year increase of 6.5%, and a net profit of 520 million yuan, up 12.0% year-on-year [1] - The gross profit margin for Q1-Q3 2025 was 32.4%, an increase of 0.5 percentage points year-on-year, while the net profit margin was 10.2%, up 0.4 percentage points year-on-year [1] - In Q3 2025, the gross profit margin was 31.4%, an increase of 1.6 percentage points year-on-year, with a net profit margin of 9.9%, up 0.5 percentage points year-on-year [1] Strategic Initiatives - The company plans to use the funds raised from the private placement for various projects, including smart upgrades of home product production lines, expansion of functional iron frame production lines, R&D for smart home products, and digital transformation projects [1] - The establishment of the Indonesian production base is part of the company's ongoing global expansion strategy, with a construction period of four years and partial production lines expected to commence during this period [2] - The company is undergoing a strategic transformation towards retail models through digitalization and improved logistics systems, alongside a steady global expansion in foreign trade [2] Profit Forecast - The company forecasts net profits attributable to shareholders of 1.91 billion yuan, 2.11 billion yuan, and 2.31 billion yuan for the years 2025, 2026, and 2027, respectively, indicating a positive outlook for long-term development [2]

Core Insights - The company reported a revenue of 2,440,056,641.62 yuan for the third quarter of 2025, representing a year-on-year growth of 11.98% [1] - The net profit attributable to shareholders of the listed company was 46,347,700.05 yuan, showing a significant year-on-year increase of 122.55% [1]