Core Viewpoint - The event "Ying in Jiangsu" held in Nanjing focused on deepening communication and collaboration among listed companies and financial institutions, highlighting the importance of market sentiment and value management in the current economic landscape [1] Group 1: Company Performance - Iole Home achieved a revenue of 1.055 billion yuan in the first three quarters, marking a year-on-year increase of 2.18% [2] - The net profit attributable to the parent company for the same period was 138 million yuan, reflecting a significant year-on-year growth of 70.92% [2] - In Q3, Iole Home reported revenues of 386 million yuan and a net profit of approximately 45.37 million yuan, with year-on-year increases of 2.84% and 29.2% respectively [2] Group 2: Strategic Initiatives - Iole Home aims to enhance its product premiumization by focusing on original design and craftsmanship innovation, thereby increasing the sales proportion of high-value-added products [2] - The company is expanding its presence in third and fourth-tier cities and the existing housing market while continuing to develop flagship stores in core cities to strengthen its terminal coverage [2] Group 3: Industry Collaboration - The "Ying in Jiangsu" event serves as a platform to gather quality resources and foster communication among capital market participants, aiming to establish stronger and broader cooperative relationships [2]

Core Viewpoint - Iola Home's stock price has shown a significant increase of 55.76% year-to-date, despite recent declines in the short term [2] Group 1: Stock Performance - As of October 16, Iola Home's stock price decreased by 2.07%, trading at 8.52 CNY per share with a market capitalization of 2.719 billion CNY [1] - Year-to-date, Iola Home's stock has risen by 55.76%, but it has experienced a slight decline of 0.35% over the last five trading days and 2.63% over the last 20 days [2] - The company has appeared on the trading leaderboard three times this year, with the most recent instance on June 4, where it recorded a net buy of -20.35 million CNY [2] Group 2: Financial Performance - For the period from January to September 2025, Iola Home reported a revenue of 1.055 billion CNY, reflecting a year-on-year growth of 2.18%, while the net profit attributable to shareholders reached 138 million CNY, marking a significant increase of 70.92% [2] - The company has distributed a total of 562 million CNY in dividends since its A-share listing, with 343 million CNY distributed over the past three years [3] Group 3: Shareholder Information - As of September 30, 2025, Iola Home had 11,900 shareholders, a decrease of 3.74% from the previous period, with an average of 26,869 circulating shares per shareholder, an increase of 3.88% [2] - Among the top ten circulating shareholders, Guangfa Multi-Factor Mixed Fund is the fourth largest with 3.3178 million shares, while China Europe Value Select Mixed Fund remains the ninth largest with 1.3607 million shares [3]

10月14日晚，定制家居行业上市公司南京我乐家居股份有限公司（以下简称"我乐家居"）发布2025年第 三季度报告。报告显示，今年前三季度，我乐家居实现营业收入10.55亿元，同比增长2.18%；归属于上 市公司股东的净利润1.38亿元，同比增长70.92%。其中，第三季度营业收入3.86亿元，归属于上市公司 股东的净利润4537.01万元，同比分别增长2.84%、29.20%。 我乐家居专注从事整体厨柜、全屋定制家具产品的设计、研发、生产、销售及相关服务，坚持以"原创 +高频迭代"保持创新活力，不断延展传统定制家居边界。 为延续上半年的发展态势，下半年，我乐家居持续提升产品高端化水平，通过加强原创设计与工艺创 新，提高高附加值产品的销售占比。渠道方面，进一步优化布局，在拓展三四线及存量房市场的同时， 继续推进核心城市旗舰店建设，增强终端覆盖能力。此外，公司还深化成本精细化管理，通过集约采购 和精益生产提升运营效率，保障整体盈利能力的稳定。 盘古智库（北京）信息咨询有限公司高级研究员江瀚对《证券日报》记者表示："随着消费者对家居品 质要求的提升，能否提供一站式解决方案和线上线下融合的购物体验，成为吸引顾客的关键 ...

Core Viewpoint - I乐家居 achieved revenue and net profit growth in the first half of the year despite overall industry pressure, with revenue increasing by 1.80% and net profit rising by 103.18% compared to the previous year [1][4]. Financial Performance - In the first half of 2025, I乐家居 reported revenue of 669 million yuan and a net profit of 92.31 million yuan, with a non-recurring net profit of 75.89 million yuan, reflecting a growth of 201.73% [1][4]. - The company's sales expenses, management expenses, and R&D expenses decreased by 16.73%, 12.19%, and 43.47% respectively [1][4][5]. Strategic Initiatives - The growth in performance is attributed to three main strategies: high-end and original design focus, optimized channel layout, and refined cost control through supply chain optimization [4][5]. - I乐家居 emphasizes a shift from scale expansion to deep integration in the custom home market, focusing on differentiated competition in the mid-to-high-end market [3][4]. R&D and Cost Management - The significant reduction in R&D expenses has drawn attention, with a 43.47% decrease noted in the first half of the year [7][8]. - The company maintains that the focus is on the quality of R&D rather than quantity, ensuring that new products perform well in the market [8][9]. Market Positioning - I乐家居 is committed to high-end positioning and original design, gradually shifting product structure towards a combination of board and solid wood [9][10]. - The company is launching a "thousand-square-meter store plan" to enhance competitiveness and support dealers in core cities [10].

Group 1 - The core point of the news is the performance of Iole Home, which saw a stock price increase of 5.47% to 8.68 CNY per share, with a total market capitalization of 2.77 billion CNY [1] - Iole Home, established on June 19, 2006, and listed on June 16, 2017, specializes in the design, research and development, production, sales, and related services of custom furniture and overall kitchen cabinets, with revenue composition of 82.18% from custom furniture and 17.82% from kitchen cabinets [1] Group 2 - From the perspective of major circulating shareholders, the fund under China Europe Fund, specifically the China Europe Value Select Mixed A (166019), reduced its holdings by 1.3872 million shares in the second quarter, now holding 1.3607 million shares, which accounts for 0.43% of circulating shares [2] - The China Europe Value Select Mixed A fund, established on May 14, 2013, has a latest scale of 3.428 billion CNY, with a year-to-date return of 35.88% and a one-year return of 61.53% [2]

Group 1: Export Growth - Chengdu's local furniture export value increased by 83.2% year-on-year in the first seven months of this year [1] - Sichuan Xingkongcang Technology Co., Ltd. reported over 50% growth in order volume from Southeast Asian countries [1] - Sichuan Taishufu Technology Co., Ltd. expects a 50% increase in overall order volume due to repeat orders from Japanese clients [3][4] Group 2: Online Sales and Customer Engagement - Sichuan Xingkongcang Technology Co., Ltd. has focused on expanding online sales channels, with nearly 100% of new customers coming from social media platforms [4] - The company utilizes real-life product demonstration videos to engage Japanese and Korean customers effectively [4] Group 3: Traditional Furniture Appeal - Chengdu Xiaomei Smart Home Co., Ltd. has shifted its market focus to Europe and Southeast Asia, anticipating a 60% increase in order volume this year [7] - The appeal of new Chinese-style furniture lies in its "Eastern poetic" style, which resonates well with Southeast Asian customers [5][7] Group 4: Diverse Market Strategies - Chengdu's furniture industry is leveraging both modern smart furniture and traditional Chinese designs to cater to different global markets [9] - The combination of smart furniture meeting the needs of East Asian consumers and traditional furniture captivating European and Southeast Asian clients indicates a robust export strategy [9]

Company Overview - Iole Home is located in Jiangning Economic and Technological Development Zone, Nanjing, Jiangsu Province, and was established on June 19, 2006. The company was listed on June 16, 2017. Its main business involves the design, research and development, production, sales, and related services of overall kitchen cabinets and whole-house custom furniture [1] - The revenue composition of Iole Home is 82.18% from whole-house customization and 17.82% from overall kitchen cabinets [1] Stock Performance - As of September 5, Iole Home's stock price was 8.56 CNY per share, with a market capitalization of 2.732 billion CNY. The stock has increased by 52.31% year-to-date, but has seen a decline of 2.39% over the last five trading days and 5.93% over the last twenty days [1] - The stock has appeared on the "Dragon and Tiger List" three times this year, with the most recent appearance on June 4, where it recorded a net buy of -20.35 million CNY [1] Financial Performance - For the first half of 2025, Iole Home achieved an operating income of 669 million CNY, representing a year-on-year growth of 1.80%. The net profit attributable to shareholders was 92.31 million CNY, showing a significant year-on-year increase of 103.18% [2] - Since its A-share listing, Iole Home has distributed a total of 514 million CNY in dividends, with 295 million CNY distributed over the past three years [3] Shareholder Information - As of June 30, 2025, Iole Home had 12,300 shareholders, a decrease of 10.09% from the previous period. The average number of circulating shares per person increased by 11.22% to 25,865 shares [2] - Among the top ten circulating shareholders, the fund "China Europe Value Select Mixed A" (166019) ranked as the eighth largest shareholder, holding 1.3607 million shares, a decrease of 1.3872 million shares compared to the previous period [3]

Core Viewpoint - Iola Home's stock price closed at 9.23 yuan on August 27, 2025, down 3.95% from the previous trading day, with a trading volume of 106 million yuan [1] Financial Performance - For the first half of 2025, Iola Home reported a revenue of 669 million yuan, representing a year-on-year increase of 1.80% [1] - The net profit attributable to shareholders for the same period was 92.31 million yuan, showing a significant year-on-year growth of 103.18% [1] - The company and its subsidiaries received a total of 21.41 million yuan in government subsidies during the first half of the year [1] Market Activity - On August 27, 2025, the net outflow of main funds for Iola Home was 4.29 million yuan, with a cumulative net outflow of 11.61 million yuan over the past five days [2]

Group 1 - The stock price of ILejia Home closed at 9.22 yuan on August 15, 2025, down 0.28 yuan or 2.95% from the previous trading day [1] - The trading volume for the day was 110,100 hands, with a transaction amount of 104 million yuan and a turnover rate of 3.45% [1] - The stock experienced significant intraday volatility, reaching a high of 9.70 yuan and a low of 9.22 yuan, resulting in an amplitude of 5.05% [1] Group 2 - ILejia Home primarily engages in the research, production, and sales of integrated kitchen cabinets and whole-house custom furniture, operating within the renovation and building materials industry [1] - The company's product offerings include integrated kitchens, whole-house customization, and finished furniture, aiming to provide consumers with one-stop home solutions [1] Group 3 - On the morning of August 15, ILejia Home experienced a rapid decline, with a drop of over 2% within five minutes [1] - The net outflow of main funds for the day was 3.4699 million yuan, accounting for 0.12% of the circulating market value [1] - However, over the past five trading days, the main funds showed an overall net inflow, totaling 9.8177 million yuan [1]

Group 1 - The stock price of Shangpin Home Collection is reported at 14.01 yuan, down 0.42 yuan from the previous trading day, with a trading range of 15.52 yuan (high) to 13.96 yuan (low) and a trading volume of 169,106 hands, amounting to 246 million yuan [1] - The company specializes in the design, production, and sales of customized furniture, providing personalized home solutions to consumers [1] - Shangpin Home Collection employs a combination of online and offline models to create a one-stop service system from design to installation [1] Group 2 - On August 14, the stock price of Shangpin Home Collection experienced rapid fluctuations, with a more than 2% quick pullback at 9:35 AM, followed by a more than 2% quick rebound at 9:47 AM, indicating active market trading [1] - The net inflow of main funds on that day was 17.45 million yuan, accounting for 0.8% of the circulating market value, with a cumulative net inflow of 46.57 million yuan over the past five trading days, representing 2.13% of the circulating market value [1]