记者丨李益文 编辑丨曾静娇 7月25日，富森美(002818.SZ)开盘竞价跌停，截至午间收盘，富森美股价跌幅收窄至4.48%， 总市值93亿元。 消息面上，昨日晚间，富森美公告称，公司于近日收到成都市郫都区监察委员会签发的关于公 司董事长刘兵被留置的通知书。刘兵在留置期间暂时无法履行董事长职责，由公司副董事长刘 云华代为履行董事长相关职责。 公告表示，目前公司控制权未发生变化，除刘兵外的公司其他全部董事、监事、高级管理人员 均正常履职。公司董事会运作正常，公司及子公司生产经营情况正常，高管团队已对日常经营 管理相关事项做了妥善安排，该事项不会对公司的生产经营产生重大影响。 针对上述事件，富森美工作人员向以投资者身份采访的21财经·南财快讯记者表示， 董事长刘 兵被留置一事与公司业务并无直接关系，目前留置只针对其个人，公司暂未收到配合调查通 知。 公开信息显示，刘兵生于1968年，曾任成都金牛建材经营部负责人，1998年起先后创办成都 市富森木业工贸有限公司、郫县富森木业有限公司及富森美等。 值得注意的是，刘兵与代职的刘云华、公司董事兼总经理刘义为亲姐弟，截至2025年一季度 末，三人作为一致行动人合计持有公 ...

Core Viewpoint - The company received an inquiry letter from the Shanghai Stock Exchange regarding its 2024 annual report, focusing on performance commitments and related party transactions, and has provided detailed responses to the inquiries raised [1][2]. Group 1: Performance Commitments - The company acquired 100% of the shares of Xiangyuan Construction for 195 million yuan, with performance commitments of net profits of 40.68 million yuan, 34.48 million yuan, and 60.53 million yuan, achieving a cumulative completion rate of 113% [1]. - The controlling shareholder, Xiangyuan Holdings, pledged to compensate for any impairment losses incurred during the disposal of 82 properties used to offset construction payments totaling 132 million yuan [1][2]. Group 2: Related Party Revenue - Revenue from related parties during the performance commitment period (2021-2023) showed a decreasing trend, with related sales revenue of 86.81 million yuan in 2021, 66.97 million yuan in 2022, and 46.82 million yuan in 2023, representing 95.07%, 82.57%, and 50.23% of total revenue respectively [2][3]. - The company has actively expanded its external business, resulting in a significant reduction in revenue from related parties [2][3]. Group 3: Accounts Receivable and Bad Debt Provisions - The accounts receivable from related parties at the end of 2023 amounted to 7.08 billion yuan, with a bad debt provision rate of 1.27%, significantly lower than the 6.83% for non-related parties [10][12]. - The company reported that the accounts receivable from the top ten related parties showed normal repayment status, with no significant under-provisioning of bad debts during the performance commitment period [6][9]. Group 4: Asset Disposal and Impairment - As of now, the company has completed the disposal of assets totaling 107.38 million yuan, accounting for 81.31% of the total 132.05 million yuan of assets used for debt offset [6][7]. - There were no impairment losses reported for the properties held for debt offset as of the reporting period [6][8]. Group 5: 2024 Performance and Future Outlook - The company expects to achieve operating revenue of 69.14 million yuan and net profit of 14.57 million yuan in 2024, with a notable decrease in related sales revenue to 21.23 million yuan [7][8]. - The company has successfully reduced the proportion of related transactions in its construction business to 30.71% by actively pursuing external business opportunities [7][8].

Core Points - The establishment of the "Building Decoration Quality Appraisal Standard" aims to create a unified standard for quality assessment in the decoration industry, addressing the lack of standardized judicial appraisal processes and criteria [5][9][48] - The initiative is driven by the need to meet the growing demand for high-quality housing and to reduce disputes related to decoration quality, which have been exacerbated by inconsistent appraisal results and high costs [3][8][9] - The standard is expected to promote the healthy development of the industry by providing a scientific basis for judicial proceedings and enhancing the efficiency of quality assessments [9][12][46] Group 1 - The meeting on May 22 focused on the theme of "Collaborative Innovation and Standard Leadership," with nearly 50 representatives from various sectors of the building decoration industry participating [1][5] - Zhao Fengshan, Director of the Standardization Committee of the All-China Real Estate Chamber of Commerce, highlighted the government's emphasis on high-quality housing and the need for a unified appraisal process to resolve quality disputes [3][8] - The standard aims to fill the existing gaps in judicial appraisal for decoration projects, providing a framework for quality evaluation and repair cost assessments [9][12][31] Group 2 - The decoration industry is undergoing a deep adjustment period, characterized by trends such as technological integration, industrialization, standardization, and branding [11][12] - The standard will help unify the appraisal criteria across the industry, ensuring that quality assessments are consistent and reliable, which is crucial for consumer trust [12][21][46] - The initiative is supported by various stakeholders, including real estate developers, material suppliers, and professional testing organizations, emphasizing the collaborative effort to enhance industry standards [16][19][48] Group 3 - The standard's development will incorporate existing national and industry standards, ensuring a comprehensive approach to quality assessment [13][31] - The focus will also include addressing issues such as noise pollution and material safety, which are increasingly relevant in modern construction practices [19][24] - The All-China Real Estate Chamber of Commerce aims to create a systematic standard ecosystem that aligns with existing standards for a cohesive approach to quality in housing [48][49]

Core Viewpoint - The company, Zhejiang Yasha Decoration Co., Ltd., has announced its profit distribution plan for the fiscal year 2024, which includes a cash dividend of 0.70 yuan per share, amounting to a total cash dividend of approximately 90.91 million yuan, representing 30.03% of the net profit attributable to shareholders [26][27]. Company Overview - The company specializes in construction decoration, curtain wall engineering, and intelligent system integration, positioning itself as a leader in the Chinese construction decoration industry [3][4]. - It has maintained a strong market presence, being ranked second among the top 100 construction decoration companies in China for 18 consecutive years and holding various industry accolades [3][4]. Business Performance - For the reporting period, the company achieved operating revenue of 12.136 billion yuan, operating profit of 346 million yuan, and net profit attributable to the parent company of 303 million yuan, with basic earnings per share of 0.23 yuan [12]. - The total assets as of December 31, 2024, were 22.768 billion yuan, with equity attributable to shareholders amounting to 8.019 billion yuan [12]. Market Dynamics - The construction decoration industry in China is experiencing stable growth driven by new urbanization, stock housing renovation, and green low-carbon policies, leading to increased market concentration [12][13]. - The company is focusing on technological innovation and the transition to industrialized and digital construction methods, enhancing its competitive edge [13]. Project Management and Execution - The company employs a self-managed project model, directly assigning teams to oversee all project aspects, ensuring quality and efficiency [14]. - It has a robust project management structure, with a focus on quality control and adherence to national standards [21][22]. Financial Health - The company reported a decrease in cash and cash equivalents by 30.08% compared to the beginning of the period, primarily due to cash outflows from operating activities [38]. - The net cash flow from operating activities increased by 32.74%, indicating improved operational efficiency [38]. Future Outlook - The company aims to expand its market presence and enhance its leadership position in the decoration industry while continuing to innovate and optimize its operational processes [20].