截至2025年6月末，富森美总资产67.3亿元，净资产56.21亿元，资产负债率仅16%，财务结构持续优 化；报告期内，富森美经营性现金流净额达到6.35亿元，核心财务指标保持稳健。当日晚间，富森美还 为投资者带来了中期分红预案，该上市公司拟每10股派发现金红利3.6元（含税），合计分红2.69亿元， 延续高分红传统，以真金白银兑现投资者回报。 面对行业分化加剧，富森美凭借自持物业壁垒、天府直播港业态创新和OMO运营模式等，在家居流通 领域持续领跑。 需要指出的是，在宏观经济承压、消费市场复苏乏力的背景下，富森美上半年业绩虽有所下滑，但总体 经营业绩较为稳定。 8月27日晚间，富森美（002818）正式发布2025年半年报，今年1—6月，该上市公司实现营业收入6.49 亿元，同比下降11.55%；实现净利润3.18亿元，同比下降6.35%。 作为家居流通领域的龙头企业，富森美深耕西南20余年，合作商户超3500户，市场占有率稳居前列。与 此同时，富森美创意设计中心、全球进口家居馆、拎包入住馆、家居MALL等持续维持高出租率、高坪 效，印证其业态创新的成效。 进一步来看，富森美核心资产优势显著，上市公司拥有成都 ...

Core Insights - The company reported a revenue of 649 million yuan and a net profit of 318 million yuan for the first half of 2025, demonstrating strong financial performance despite industry challenges [1] - The company plans to distribute a cash dividend of 3.6 yuan per 10 shares, totaling 269 million yuan, continuing its tradition of high dividends to reward investors [1] - The company has maintained a leading position in the home furnishing distribution sector in Southwest China, with over 3,500 partner merchants and a significant market share [1][3] Financial Performance - The company achieved a net cash flow from operating activities of 635 million yuan, indicating robust cash generation capabilities [1] - The rental income from the company's 1.25 million square meters of self-owned properties contributes to stable long-term value [1] Strategic Initiatives - The company is innovating its business model by integrating online and offline channels, establishing a new commercial model team to enhance its ecosystem [2] - The company has successfully reached over 4 million online users and converted more than 40,000 orders in the Chengdu area through various digital platforms [2] - The launch of new stores for various brands, including the first global store for Tmall Genie and the first store for Huawei's green energy products in Southwest China, reflects the company's commitment to expanding its product offerings [2] Market Position - As the leading home furnishing distributor in Chengdu, the company benefits from strong demand for home renovation and a high occupancy rate of its retail spaces [3] - The company's innovative business model and solid asset base provide a competitive edge, allowing it to navigate industry fluctuations effectively [3]