该消息发布后，富森美午盘后股价大涨，涨幅一度达到6.8%，最后收盘报收12.04元/股，涨幅4.97%，接近收复刘兵留置期间的股价跌幅。 今日富森美股价低开低走，截止发稿，股价报11.74元/股，跌幅2.49%。 资料显示，富森美成立于2000年12月，前身为成都富森美家居置业有限公司，2016年登陆A股市场，成为"家居建材流通第一股"，核心业务聚焦大型家居商 业市场的开发、运营、管理及营销策划，总部位于成都市成华区。公司旗下拥有"富森·美家居装饰建材总部""富森·美家居建材MALL"等多个大型卖场。 凤凰网财经《公司研究院》 1月23日午间，成都富森美家居股份有限公司（简称：富森美）发布公告披露，公司控股股东、实际控制人、董事长刘兵已被解除留置措施，相关措施变更 为责令候查。此次变更源于成都市郫都区监察委员会1月22日签发的《变更留置通知书》，标志着自2025年7月25日刘兵被实施留置以来，持续187天的监察 调查迎来关键转折。 富森美董事长刘兵 公告明确，刘兵目前已能正常履行董事长、法定代表人及公司董事会相关委员会成员的职责，公司生产经营情况保持正常，副董事长刘云华不再代为履行董 事长相关职责。从法律层面 ...

1月23日晚，美凯龙(601828.SH、01528.HK)发布业绩预告，预计2025年度归母净利润亏损。造成亏损的 原因，主要是公司对所持有的投资性房地产项目进行大额公允价值变动损失的调整，涉及金额约126亿 ~215亿元。 美凯龙解释称，受地产行业以及家居建材行业需求下滑的持续影响，家居零售市场需求减弱，公司持续 通过减免租金及管理收入的方式稳商留商，同时积极调整战略与品类布局，以优惠的商业条件吸引优质 业态及品牌入驻，并在拓展初期给与租金及管理费优惠，使得租赁及管理收入受到较为明显的影响，租 金水平较以往年度显著下降。由于市场对未来租金预期发生了转变，租金价格短期内得到修复的估计已 需要进行调整，因此公司对未来租金预期的收益情况进行了相应调整，致使投资性房地产价值显著下 降。 业内人士指出，美凯龙对投资性房地产的价值调整，是基于市场行业情况，客观反映真实资产价值的优 化之举。不仅通过非现金的资产估值调整夯实了报表，更剔除了资产估值波动对业绩的干扰，让核心业 务的真实盈利能力更清晰显现，为公司轻装上阵聚焦主业、迈向长期高质量发展筑牢了坚实基础。 客观反映真实资产，不影响长期使用价值 此举恰恰体现了新管理层 ...

集团2025年度的预期亏损主要是缘于投资性房地产的公允价值变动损失，以及相关资产的减值损失造成 的。受房地产行业不景气以及家居建材行业需求下滑的持续影响，家居零售市场的需求减弱，公司持续 通过减免租金及管理收入的方式稳商留商，同时积极调整战略与品类布局，以优惠的商业条款吸引优质 业态及品牌入驻，并在拓展初期给与租金及管理费优惠，使得租赁及管理收入受到较为明显的影响，租 金水平较以往年度显著下降。由于市场对未来租金预期发生了转变，租金价格短期内得到修复的估计已 需要进行调整，因此公司对未来租金预期的收益情况进行了相应调整，致使投资性房地产价值的显著下 降，2025年度投资性物业估值(包括按公允价值计量的使用权资产)相应下调约人民币131亿元至人民币 220亿元。 此外，由于公司历史形成的各类资产底层价值也同样与投资性房地产的评估价值及房地产市场的出让价 格等因素紧密相关，公司根据各项资产最新可回收情况，对各类资产截至2025年末的可回收金额进行了 初步测算，计提了相应的减值准备人民币45亿元至人民币57亿元。 格隆汇1月23日丨红星美凯龙(01528.HK)公告，集团预期2025年度的亏损约人民币159.85亿 ...

家得宝 20260120 摘要 嘉德宝通过教育消费者，在美国成功培养了 DIY 装修习惯，并建立起强 大的渠道壁垒，这得益于其 2000 多家大店的长期扩张和对客户服务的 重视，使其单店坪效领先。 中国市场难以复制嘉德宝模式，主要原因在于中美住宅交易结构、人力 成本以及家居建材供应链的差异，中国家居市场仍以摊贩式和租赁式卖 场为主。 嘉德宝的发展历程可分为五个阶段：早期扩张、多元化尝试、拓展 B 端 业务、聚焦主业以及重新做大 Pro 客户业务，每个阶段都伴随着战略调 整和市场适应。 嘉德宝的核心商业壁垒包括极致优质的客户服务、持续创新以及重视员 工伙伴关系，其低价策略借鉴沃尔玛，并通过常年低价节省引流费用。 嘉德宝通过设立施工指导教室、电视节目和出版书籍等方式，积极推广 DIY 理念，成功将 DIY 装修渗透率从 5%提升至 96%，引导并满足了市 场需求。 Q&A 嘉德宝在美国市场取得成功的主要原因是什么？ 嘉德宝在美国市场的成功主要归因于其主动培育和教育消费者 DIY 装修习惯， 以及其独特的企业文化和持续创新能力。虽然美国确实存在 DIY 装修需求的红 利，但嘉德宝在成立初期，美国并没有大规模的 DI ...

纵深推进"百千 万工程"助力连 山高质量发展座 谈会在穗召开_ 南方+_南方plus 1月20日，纵深 推进"百千万工 程"助力连山高 质量发展座谈会 在广州召开。会 议凝聚政企校多 方合力，推动连 山壮族瑶族自治 县高质量发展， 助力民族地区共 同繁荣。 0:00 / 1:03 (连山聚能，共谋发展，时长共1分03秒) 省委统战部副部 长、省工商联党 组书记陈志清， 省代建局党组书 记、局长孙渊， 省工商联党组成 员、专职副主席 戴文威，华南农 业大学党委常 委、副校长陈乐 天，广州市花都 区副区长胡标 发，广州城市职 业学院党委副书 记陈立新，清远 市工商联党组书 记梁智威、连山 壮族瑶族自治县 县长陆治杰等领 导出席会议。省 委统战部、省发 展改革委、省农 业农村厅、省民 宗委、省"百千 万工程"指挥 办、中建四局等 省直有关单位， 连山县直有关部 门、驻连山各帮 扶工作队，以及 广东民营企业商 会、省民营企业 本次座谈会立足 实现连山"十五 五"发展规划， 与会各方积极建 言献策、共谋帮 扶良策，形成了 务实可行的帮扶 计划。此次会议 既是一次凝心聚 力、担当作为的 部署会，也是一 次团结奋斗、务 实 ...

Industry Overview - The home building materials industry is experiencing a significant downturn, with many listed companies reporting declines in net profit or losses for 2025, reflecting common challenges faced across the sector [1] - The ongoing slump in the real estate market is the primary factor affecting demand for home building materials, leading to reduced engineering orders and weak retail market demand, which in turn has resulted in sales revenues falling short of expectations [1] - Intense market competition has pressured product prices, and the slow recovery of end-consumer spending has eroded gross margins for many companies [1] - Some companies have made substantial asset impairment provisions based on asset recoverability and industry outlook adjustments, further dragging down current profits [1] - Many companies are proactively implementing measures such as executive salary reductions, optimizing channels, and advancing global capacity layouts to improve efficiency [1] Company-Specific Insights - Mona Lisa (002918.SZ) expects a net profit of 45 million to 66 million yuan for 2025, a decline of 47.18% to 63.99% year-on-year, primarily due to intense competition and reduced orders from the real estate sector [3] - ILO Home (603326.SH) anticipates a net profit of 171 million to 190 million yuan for 2025, representing a year-on-year increase of 40.78% to 56.42%, driven by a differentiated brand strategy and improved retail operations [4] - Red Star Macalline (601828.SH) expects to report a loss for 2025, attributed to the ongoing downturn in the real estate market and a significant decline in rental income [4] - Jinyu Group (601992.SH) forecasts a loss of 900 million to 1.2 billion yuan for 2025, impacted by the downturn in the building materials and real estate sectors [5] - Haolaike (603898.SH) projects a net profit of 13.5 million to 20 million yuan for 2025, a decrease of 75.16% to 83.23% year-on-year, due to a sluggish home consumption market [5] - Qu Mei Home (603818.SH) expects a net loss of 110 million to 75 million yuan for 2025, with a reduction in losses compared to the previous year [6] - Songlin Technology (603992.SH) anticipates a net profit of 180 million to 210 million yuan for 2025, a decrease of 52.96% to 59.68% year-on-year, affected by macroeconomic challenges and trade tensions [6] - Meike Home (600337.SH) is also expected to report a negative net profit for 2025, influenced by macroeconomic fluctuations and insufficient market demand [7]

家居建材行业苦于同质化竞争困境已久，但好在仍有部分企业未随波逐流，而是将目光回归本质，聚焦 于用户与市场的长期需求，坚持通过技术创新突破行业瓶颈，构建起难以复制的核心竞争壁垒。 近日，大自然家居在2026经销商年会上发布了重磅新品"超级实木"，大自然家居超级实木的出现，直指 行业长期痼疾，为行业提供了"科技赋能自然"的思路，并开拓了木材应用的更多可能性。大自然家居正 试图以这款跳出价格战内卷、深耕价值创新的新物种，引领行业突破困境，实现全新升维。 行业迈入深水区，材料创新成关键赛点 当前家居建材行业正处在多重变量交织的转型关键期，政策导向、市场结构与消费需求的深刻变化，共 同将材料创新推向了行业竞争的关键赛点。 宏观政策层面，绿色低碳已成为行业发展的硬性导向。《"十四五" 建筑节能与绿色建筑发展规划》明 确提出，到 2025 年城镇新建建筑全面建成绿色建筑；《加快推动建筑领域节能降碳工作方案》进一步 强化了建筑领域的节能降碳要求。在 "双碳" 目标引领下，绿色建材将慢慢成为家居企业进入市场的准 入证。 市场层面，房地产行业的结构性调整彻底改变了行业增长逻辑。过去依赖新房增量的粗放式增长模式难 以为继，存量房改 ...

Group 1 - The establishment of the Huzhou Quality and Standardization Association aims to build a communication bridge between the government, enterprises, and the market, promoting quality improvement and standardization innovation to empower the transformation and upgrading of Huzhou's related industries [2][3] - The first council of the association was elected during the founding conference, laying a solid foundation for the association's future standardized operations [2][3] Group 2 - Tubaobao, a leading enterprise in the home building materials industry, has long placed quality and standardization at the core of its strategy [5] - The company actively introduces advanced technology and equipment in quality management, accelerating intelligent upgrades and green transformation, thereby continuously improving production efficiency [5] - Tubaobao has accumulated rich experience in standard formulation and practice, participating in the development of over 320 international, national, and industry standards, with two standards awarded the China Standard Innovation Contribution Award [6] Group 3 - Tubaobao's election as a council member is a recognition of the company's strength and comes with significant responsibilities [6] - The company will actively fulfill its duties as a council member, participating deeply in the association's work and exploring quality improvement paths to contribute to Huzhou's goal of becoming a quality and standard strong city [6]

Core Insights - The article highlights the transformation of Dongguan from a "world factory" to a "city of manufacturing aesthetics," showcasing the integration of design and manufacturing to enhance product value and quality [2][5][9] Group 1: Event Overview - The program "Aesthetic Journey of Dongguan Manufacturing" was broadcasted across various media platforms, featuring brands like OPPO, vivo, and Marco Polo, emphasizing the aesthetic value of Dongguan manufacturing [2] - Well-known host Sa Beining served as the "chief curator," engaging in challenges that explored the city's evolution in manufacturing aesthetics over a 120-minute live stream [2][3] Group 2: Design and Innovation - The event included discussions on "the beauty of design" and "the beauty of concepts," with examples such as Marco Polo tiles reflecting local culture and OPPO's innovative phone designs [3][5] - Dongguan's industrial ecosystem supports over 60,000 products across 34 categories, with a significant focus on precision manufacturing and smart robotics [5][8] Group 3: Strategic Goals - The city aims to implement a strategy centered on "intelligent and creative products" and "harmonious living," which reflects a commitment to merging industrial aesthetics with humanistic values [8] - The local government has outlined nine major actions to kickstart the "14th Five-Year Plan," focusing on enhancing both product design and cultural narratives [8] Group 4: Market Positioning - Dongguan is recognized as a major hub for various products, including one-quarter of the world's animation derivatives and 85% of China's trendy toys, indicating its significant role in the global market [8] - The narrative emphasizes that the evolution of manufacturing in Dongguan is not just about functionality but also about creating emotional connections and stories through products [8][9]

Core Viewpoint - The company announced a transaction involving the sale and acquisition of shares in Da Ziran Home (China) Co., Ltd, indicating strategic moves to enhance its investment portfolio [1] Group 1: Transaction Details - The company’s wholly-owned subsidiary, Tuhua Investment, sold a 19.79% stake in Da Ziran China to the actual controller, She Xuebin, for 400 million yuan [1] - Following the share transfer, Tuhua Investment will acquire specific equity in a joint venture company for 305 million yuan after an internal restructuring of Da Ziran China [1] - The transaction does not constitute a related party transaction or a major asset restructuring as defined by the regulations for listed companies [1]