证券代码：002301 证券简称：齐心集团 深圳齐心集团股份有限公司 投资者关系活动记录表 编号：2025-004 投资者关系活动类别 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观□其他 （） 参与单位名称及人员姓名 华创证券刘一怡、周星宇，永赢基金庄子童 时间 2025 年 6 月 11 日 10:30-11:40 地点 深圳市坪山区锦绣中路 18 号齐心科技园公司会议室 交流形式 现场交流 上市公司接待人员姓名 公司副总经理、董事会秘书王占君 交流内容及具体问答记录 一、参观公司展厅 二、公司业务介绍 公司主营业务为 B2B 办公物资集采业务，持续聚焦央企、央管金融机构、政府、世界 500 强等优质大客户，其中当前 98 家央企中，已服务过半客户数。基于核心业务场景的客 户重叠度情况，公司在深度经营办公行政物资基础上，业务场景延展和强化 MRO 工业品、员 工福利和营销物料等核心场景和服务边界，深度契合客户业务发展过程中的新场景与新需 求，打造延展性的综合物资集采服务平台。 1.B2B 办公物资集采业务 证券代码：002301 证券简称：齐心集团 MRO 销售 ...

近期，中美互降关税后，此前受关税争端影响的外贸企业压力有所缓解，生产经营迎来转机。 在河南洛阳卡尔办公家具有限公司的生产车间内，积压了不少产品。如今，随着中美互降关税，这些产 品也重新启程踏上去美国的路程。公司总经理毛向南表示，此前不少美国本土客户全面暂停下单，在美 国的供应链客户也取消了对美区域的订单，导致库存积压，最高的时候积压了2万多件产品，给企业经 营造成了压力。毛向南告诉记者，企业积极寻求解决之道。"美国本土客户停止下单后，我们就把主要 精力放到其他海外市场和零售消费者上。"毛向南说。 毛向南表示，公司下一阶段将持续深化多元化市场战略，重点布局日本、欧洲、中亚等新兴市场，同时 深化"半托管模式"，增加海外仓布局和本土化服务，降低物流成本与合规成本，同时申请跨境电商综合 试验区政策支持，降低企业成本。此外，企业还将持续推动品牌化战略，通过市场多元化、技术自主化 和供应链优化提升企业抗风险能力。 记者从河南瑞贝卡发制品股份有限公司了解到，今年3月份以来，随着关税升高，美国经销商暂停了前 期订单发货，后续订单全线停滞，在产订单随即全部停产，涉及金额400万美元。 河南瑞贝卡公司总经理办公室陈勇告诉记者，发 ...

Investment Rating - The investment rating for the company is "Buy-A" with a target price of 33.67 CNY, based on a projected PE of 10.8x for 2025 [4][9][13]. Core Views - The company is positioned as a leading exporter of office furniture, benefiting from a recovery in U.S. home demand and a robust cross-border e-commerce strategy. The integration of multiple quality acquisitions is expected to gradually contribute to performance, with long-term growth prospects remaining strong [9][11][13]. Financial Performance Summary - In 2024, the company achieved a revenue of 11.03 billion CNY, a year-on-year increase of 34.59%, while the net profit attributable to shareholders was 263 million CNY, a slight decrease of 0.02% [1]. - The first quarter of 2025 saw revenues of 2.65 billion CNY, up 12.74% year-on-year, but net profit dropped by 49.49% to 52 million CNY [1]. - The gross margin for 2024 was 18.64%, down 5.15 percentage points year-on-year, primarily due to increased shipping costs [4][11]. Business Segment Performance - The company's OBM (Original Brand Manufacturer) business generated 5.94 billion CNY in revenue in 2024, a significant increase of 76.97%, accounting for 53.86% of total revenue [2]. - International revenue reached 9.89 billion CNY in 2024, a growth of 48.88%, while domestic revenue fell by 27.45% to 1.11 billion CNY [3]. Strategic Initiatives - The company is actively expanding its cross-border e-commerce operations, establishing overseas warehouses for efficient logistics and building independent online platforms to enhance brand visibility [3][8]. - The company is also focusing on a "big home" strategy, upgrading product systems and expanding categories to enhance competitiveness [8][9]. Future Projections - Revenue forecasts for 2025-2027 are projected at 12.72 billion CNY, 14.51 billion CNY, and 16.80 billion CNY, with year-on-year growth rates of 15.30%, 14.07%, and 15.79% respectively [9][11]. - Net profit forecasts for the same period are 390 million CNY, 467 million CNY, and 577 million CNY, with growth rates of 48.44%, 19.53%, and 23.58% respectively [9][11].

2025 年 05 月 18 日 恒林股份(603661.SH) 据国家统计局与海关总署，2024 年我国家具及其零件出口 4830 亿 元，同比增长 7.0%，其中，办公金属家具/办公木家具/带软垫的木 框架坐具/带软垫的金属框架坐具/木质可调节高度的转动坐具/非木 质 可 调 节 高 度 的 转 动 坐 具 累 计 出 口 额 75.1/100.37/477.96/493.03/3.39/248.74 亿元，同比 +22.7%/+15.52%/+3.28%/+9.84%/+23.94%/+9.2%。 分销售模式看，24 年公司 OBM 业务营业收入为 59.40 亿元，同比增 加 76.97%，占比达到总营业收入的 53.86%。 分产品看，1）24 年办公家具销售收入为 35.52 亿元，同比增长 2.37%。 2）24 年板式家具实现销售收入 10.21 亿元，同比下降 8.83%。3）24 年新材料地板收入为 15.33 亿元，同比增长 2.89%。4）24 年软体家 具收入为 14.27 亿元，同比增长 10.83%。 分地区看，1）24 年国际营收 98.87 亿元，同比增长 48.88%。2） ...

在全球化与消费升级的双重驱动下，中国家具行业正经历深刻变革。品牌作为高质量发展的核心载体， 其竞争力已成为衡量企业乃至行业成熟度的关键指标。由中国家具协会发布的中国家具十大品牌榜单备 受瞩目，圣奥科技、顾家家居（603816）、喜临门（603008）、全友家居等标杆企业荣耀上榜。 此次评选综合考量了品牌的市场表现、创新能力、产品质量、品牌建设以及社会责任等多个维度，旨在 树立行业标杆，为市场提供权威导向。这些上榜品牌不仅彰显了卓越的综合实力，更为行业高质量发展 树立了典范。 3、顾家家居：顾家家居股份有限公司 顾家家居股份有限公司前身为顾家工艺，创立于 1982 年。顾家家居作为行业内的综合性家具品牌，其 产品线覆盖沙发、床垫、软床等多个品类，形成了完整的家居产品矩阵。公司秉持 "为消费者提供舒 适、时尚、环保的家具产品" 的核心理念，将环保材料的应用与人体工程学设计深度结合，打造了众多 符合现代生活方式的产品系列。通过持续的技术创新与工艺改进，顾家家居不仅提升了产品的耐用性与 舒适性，更在智能化家具领域取得了突破性进展。其完善的销售渠道与高效的物流配送体系，确保了产 品能够快速响应市场需求，为消费者提供便捷 ...

生产环节中，圣奥引入3D激光封边、7-PLUS水性涂饰等先进技术，全面优化制造过程的"无醛"化。公 司还依托通过CNAS认证的企业实验室，对原材料筛选、生产流程及成品进行200余项检测，确保环保 标准贯穿产品全生命周期。 产业链协同：共建低碳可持续生态 图片来源：万华微视界 智能制造：全流程环保升级 在每日长时间工作的办公室环境中，对甲醛等有害物质的有效控制，是保障职场人士健康办公的关键。 圣奥公司以"无醛空间"理念为核心，通过绿色原材料与创新工艺的深度结合，为职场人提供"无醛"的办 公环境，并联合产业链上下游伙伴共同推动行业绿色发展。 绿色基材：源头把控甲醛释放 圣奥选用自主研发的"清芯板"作为核心基材，结合天然原木与环保型MDI胶，摒弃了传统板材中甲醛胶 黏剂的使用。据悉，该技术由圣奥与全球化化工新材料企业万华化学（600309）合作研发，后者在减少 醛添加领域有深入研究并拥有相关知识产权，其提供的MDI无醛胶合剂及解决方案为提升板材环保性能 提供了技术支持。在联合研发过程中，圣奥科技与万华化学通过高分子结构以代替有害物质，在保持板 材强度的同时实现了无甲醛添加。 为了推动办公家具行业的绿色发展，圣奥充分 ...

Investment Rating - The report maintains a "Buy" rating for the company, with expected EPS for 2025-2027 at 2.95, 3.60, and 4.10 RMB respectively, corresponding to PE ratios of 9, 8, and 7 times [5]. Core Insights - The company achieved a revenue of 11.03 billion RMB in 2024, representing a year-on-year growth of 34.6%, while the net profit attributable to shareholders was 260 million RMB, showing no change year-on-year [2]. - The cross-border e-commerce business is a significant growth driver, with notable revenue contributions from various segments, particularly the OBM business, which grew by 77% to 5.94 billion RMB [2][4]. - The company is pursuing a dual strategy of "manufacturing going abroad and brand going abroad," aiming for quality growth while optimizing asset allocation and improving operational efficiency [4]. Revenue and Profit Analysis - In 2024, the company reported revenues of 35.5 billion RMB from office furniture, 14.3 billion RMB from soft furniture, 10.2 billion RMB from panel furniture, 15.3 billion RMB from new material flooring, and 34.6 billion RMB from comprehensive home furnishings, with respective year-on-year growth rates of 2.4%, 10.8%, -8.8%, 2.9%, and 331.1% [2]. - The gross profit margin for 2024 decreased by 5.2 percentage points to 18.5%, primarily due to rising shipping costs and price reductions for cross-border e-commerce inventory [3]. Cost and Expense Management - The company saw a decline in inventory by 4.3 billion RMB to 18.9 billion RMB in Q1 2025, indicating effective inventory optimization [3]. - The expense ratios for sales, management, R&D, and financial expenses for the full year of 2024 were 7.1%, 3.9%, 2.1%, and 0.4% respectively, with a notable decrease in sales expense ratio in Q1 2025 due to reclassification of delivery fees and discounts [3]. Future Projections - The company expects stable performance in traditional OEM business amid steady overseas demand and increasing trade frictions, while overall revenue growth in Q1 2025 is projected at 12.7%, mainly driven by cross-border e-commerce [2][4].

Steelcase Inc. (NYSE:SCS) Q4 2025 Earnings Conference Call March 27, 2025 8:30 AM ET Company Participants Mike O'Meara - Director, Investor Relations and Financial Planning and Analysis Sara Armbruster - President and Chief Executive Officer David Sylvester - Senior Vice President and Chief Financial Officer Conference Call Participants Gregory Burns - Sidoti & Company Joseph Gomes - Noble Capital Markets Steven Ramsey - Thompson Research Group Reuben Garner - The Benchmark Company Operator Good morning. My ...