欧派家居集团股份有限公司（以下简称"公司"）于 2025 年 12 月 17 日披露 了《欧派家居关于使用闲置募集资金进行现金管理的公告》（公告编号：2025-107）， 公司对暂时闲置的募集资金合计人民币 1,500.00 万元进行了现金管理。2026 年 1 月 15 日，公司购买的 1,500.00 万元单位大额存单已到期赎回，募集资金本金及 其产生的收益已全部到账，并存放于募集资金专用账户，具体情况如下： 单位：万元 | | | | 公告编号：2026-014 | | --- | --- | --- | --- | | | 证券简称：欧派家居 转债简称：欧 | | | | | 转债 | 22 | | | 证券代码：603833 | | | | | 转债代码：113655 | | | | 欧派家居集团股份有限公司 关于使用闲置募集资金进行现金管理的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 基本情况 | 产品名称 | 单位大额存单 2025 年第 039 | 期（1 | | 个月客户优享） ...

Group 1 - The core viewpoint of the news is that Oppein Home's stock has shown a positive trend in recent trading sessions, with a year-to-date increase of 8.43% and a 5-day increase of 5.15% [1] - As of January 15, Oppein Home's stock price reached 55.15 yuan per share, with a market capitalization of 33.595 billion yuan [1] - The company's main business involves personalized design, research and development, production, sales, installation, and interior decoration services for whole-home furniture products, with a revenue composition of 51.74% from wardrobes and matching furniture, 28.80% from cabinets, and other segments [1] Group 2 - For the period from January to September 2025, Oppein Home reported a revenue of 13.214 billion yuan, a year-on-year decrease of 4.79%, and a net profit attributable to shareholders of 1.832 billion yuan, down 9.77% year-on-year [2] - The company has distributed a total of 7.985 billion yuan in dividends since its A-share listing, with 5.001 billion yuan distributed in the last three years [3] - As of September 30, 2025, the number of shareholders decreased by 1.78% to 20,700, while the average circulating shares per person increased by 1.81% to 29,382 shares [2]

Core Viewpoint - The home furnishing industry is experiencing significant changes in 2025, with major e-commerce platforms like Taobao, Tmall, JD, and Douyin making substantial investments despite a general decline in the performance of listed companies in the third quarter [1][3] Group 1: Industry Performance - In Q3 2025, the performance of custom home furnishing listed companies was disappointing, with only one out of nine companies reporting slight revenue growth, while some experienced net profit declines of nearly 200% [1][3] - The average asset-liability ratio for listed companies in the sector was 45%, indicating a general decrease in cash flow and a prevailing trend of declining performance that is unlikely to recover quickly [1][3] Group 2: Challenges Facing the Industry - The poor performance is attributed to external factors such as the real estate sector's deep adjustment period, which exacerbates the long-standing "real estate dependency" of custom home furnishing companies [3] - Internally, many companies are struggling with unclear directions and inadequate adjustments, leading to unstable management teams, weakened core channels, and loss of target customers [3] Group 3: New Directions in the Industry - The industry is focusing on two notable directions: "light high-end customization" and "light customization," with companies like Topsolid and WoLe Home showcasing new products and concepts [3][4] - Tmall is promoting "light customization" in collaboration with brands like Oppein and Haolaike, which has become a significant consumer focus for the 2025 Double 11 shopping festival [3][4] Group 4: Cross-Industry Ventures - Companies like MengTian Home and Mona Lisa are exploring new fields such as semiconductors and artificial intelligence, driven by the need to find new growth points and reduce reliance on the home furnishing sector [5][8] - The recent failed acquisition attempts by MengTian Home highlight the volatility and uncertainty in the industry as companies seek to diversify [4][5] Group 5: Different Approaches to "Light" and "Heavy" - The industry exhibits three levels of "light" strategies: 1. Companies like MengTian and Mona Lisa are reducing their home furnishing business weight and exploring new fields [8] 2. Companies like Topsolid and WoLe are innovating within the custom home furnishing sector by developing new product lines and consumption scenarios [8] 3. Some local small businesses are adopting a "laying flat" approach, focusing solely on local markets [8] Group 6: User Experience and Marketing - The integration of AI technology in 2025 is transforming user experiences, prompting companies to enhance product details and immersive scenarios [12] - Companies are also focusing on optimizing channels and enhancing content marketing to better connect with users, especially during key events like Double 11 [12][9]

债券代码：113655 债券简称：欧 22 转债 国泰海通证券股份有限公司 关于适用简化程序召开 "欧 22 转债"2026 年第一次债券持有人会议的通知 欧派家居集团股份有限公司可转换公司债券持有人： 欧派家居集团股份有限公司（以下简称"欧派家居"、"公司"或"发行人"）于 2022 年 8 月公开发行面值总额 200,000,000.00 元可转换公司债券（以下简称"欧 22 转债"）。基于发展战略规划、募投项目建设进展及当前市场环境的综合研判， 公司经审慎评估后拟变更募投项目、调整相关募投项目资产用途，预计不会对公 司偿债能力和债券持有人权益保护造成重大不利影响。 根据《可转换公司债券管理办法》《公司债券发行与交易管理办法》《欧派 家居集团股份有限公司公开发行可转换公司债券募集说明书》《欧派家居集团股 份有限公司公开发行可转换公司债券之债券持有人会议规则》，公司本次变更募 投项目、调整相关募投项目资产用途事项适用以简化程序召开债券持有人会议， 国泰海通证券股份有限公司（以下简称"国泰海通"）作为"欧 22 转债"的债券受 托管理人，现拟于 2026 年 1 月 15 日至 2026 年 1 月 21 日 ...

Core Viewpoint - The article highlights the top-performing stocks in the S&P China A-Share Dividend Opportunity Index as of January 12, 2026, showcasing significant daily and year-to-date gains along with their respective dividend yields. Group 1: Stock Performance - The top stock, Chongqing Department Store (600729.SH), experienced a daily increase of 10.01% and a year-to-date increase of 11.58%, with a dividend yield of 5.17% [1] - Jiufeng Energy (605090.SH) saw a daily rise of 9.22% and a year-to-date rise of 18.21%, with a dividend yield of 2.42% [1] - Aotewei (688516.SH) reported a daily increase of 8.81% and a year-to-date increase of 35.02%, with a dividend yield of 3.74% [1] - Other notable performers include China Merchants Energy (600026.SH) with a daily increase of 7.24% and year-to-date increase of 16.70%, and Xin'ao Co. (603888.SH) with a daily increase of 6.35% and year-to-date increase of 9.56% [1] Group 2: Dividend Yields and Valuation Metrics - The average dividend yield for the index is reported at 4.76%, with a historical price-to-earnings (P/E) ratio of 11.75 times [2] - The expected P/E ratio is noted to be 11.07 times, indicating a stable valuation outlook for the index constituents [2]

Group 1 - The home goods sector increased by 1.17% on January 12, with QuSleep Technology leading the gains [1] - The Shanghai Composite Index closed at 4165.29, up 1.09%, while the Shenzhen Component Index closed at 14366.91, up 1.75% [1] - QuSleep Technology's stock price rose by 9.56% to 62.60, with a trading volume of 62,100 shares and a transaction value of 383 million yuan [1] Group 2 - The home goods sector experienced a net outflow of 355 million yuan from institutional investors, while retail investors saw a net inflow of 288 million yuan [2] - Among the top gainers, Dinggu Jichuang and Zhang Xiaoqin also saw significant increases of 9.39% and 7.45%, respectively [1] - The trading data indicates that the sector's performance was mixed, with some stocks like Senying Windows and Meike Home experiencing declines of 9.33% and 2.60% [2] Group 3 - The net inflow of funds for major stocks included 27.43 million yuan for Oppein Home and 24.87 million yuan for QuSleep Technology, indicating strong interest from institutional investors [3] - Conversely, QuSleep Technology faced a net outflow of 7.61 million yuan from speculative funds, suggesting some volatility in investor sentiment [3] - The overall trading activity reflects a diverse range of investor behaviors, with retail investors showing a preference for certain stocks despite the overall net outflow from institutional investors [2][3]

欧派家居集团股份有限公司 2026 年第一次临时股东会会议资料 欧派家居集团股份有限公司 2026 年第一次临时股东会会议资料 （证券代码：603833） 二零二六年一月二十一日 1 | 2026 | 年第一次临时股东会会议须知 | 3 | | --- | --- | --- | | 2026 | 年第一次临时股东会会议议程 | 4 | | 2026 | 年第一次临时股东会审议议案 | 5 | | 议案 | 1：关于 2026 年度使用部分闲置自有资金进行现金管理的议案 6 | | | 议案 | 2：关于 2026 年度预计对外担保额度的议案 | 9 | | 议案 | 3：关于 年度为公司工程经销商提供担保预计的议案 2026 | 24 | | 议案 | 4：关于制定及修订部分公司治理制度的议案 | 26 | | 附件 | 4-1：欧派家居集团股份有限公司对外提供财务资助管理制度 27 | | | 附件 | 4-2：欧派家居集团股份有限公司独立董事工作制度 31 | | | 附件 | 4-3：欧派家居集团股份有限公司对外投资管理制度 42 | | | 议案 | 5：关于变更募投项目暨调整相关募投项目资产用途的 ...

Group 1 - The article highlights the top 20 stocks in the S&P China A-Share Dividend Opportunity Index (CSPSADRP) based on their daily and year-to-date performance as of January 8, 2026 [1][5] - The stock with the highest daily increase is Aotewi (688516.SH) with a rise of 11.85% and a year-to-date increase of 29.25%, along with a dividend yield of 4.02% [1][5] - Guangri Co., Ltd. (600894.SH) and Su Yan Jingshen (603299.SH) follow with daily increases of 5.95% and 4.64%, respectively, and year-to-date increases of 5.95% and 6.14% [1][5] Group 2 - Other notable stocks include Zhongyuan Haineng (600026.SH) with a daily increase of 4.59% and a year-to-date increase of 7.36%, and Jiufeng Energy (605090.SH) with a daily increase of 4.55% and a year-to-date increase of 3.46% [1][5] - The dividend yields for these stocks vary, with Guangri Co., Ltd. offering the highest yield at 7.61%, followed by Jiufeng Energy at 2.65% [1][5] - The data is sourced from the Shanghai Stock Exchange and reflects the performance as of the market close on January 8, 2026 [1][5]

Core Viewpoint - The company, Oppein Home Group, has been recognized as one of the "Chinese Consumer Brands" for 2025 by the Ministry of Industry and Information Technology, highlighting its strong market competitiveness and consumer recognition [1][2]. Group 1: Recognition and Awards - Oppein Home has been selected for the 2025 "Chinese Consumer Brands" list alongside other notable brands like Midea, TCL, and Haitian, indicating its status as a leading brand in the home furnishing industry [1]. - The selection process is rigorous, focusing on innovation, quality, reputation, and market performance, serving as a comprehensive assessment of the company's overall strength [1]. Group 2: Business Operations and Strategy - As a pioneer and leader in the custom home furnishing industry, Oppein Home aims to create a beautiful home life for consumers, starting with integrated kitchen cabinets and expanding into various product categories [1]. - The company has developed a diversified industrial structure, including wardrobes, whole-home customization, bathroom products, soft furnishings, and more, establishing a comprehensive modern home furnishing service provider [1]. - In the context of consumption upgrades and industrial transformation, Oppein Home is committed to providing high-quality, aesthetically pleasing, and valuable home solutions to stimulate consumer potential and contribute to the high-end, intelligent, and green development of the Chinese consumer goods industry [1]. Group 3: Future Directions - The company plans to uphold its spirit of "pursuing perfection" and use this recognition as a new starting point to deepen innovation, enhance manufacturing efficiency, and improve service experiences [2]. - Oppein Home aims to lead home consumption trends with smarter, more environmentally friendly, and more humanized products and services, contributing to the transition from "Chinese manufacturing" to "Chinese brands" [2].

Investment Rating - The report indicates a positive investment outlook for the smart glasses and smart home sectors, as well as for the paper industry, personal care, pet products, and export-oriented companies [5][6][8]. Core Insights - The report highlights the implementation of a large-scale equipment update and a consumption upgrade policy for smart glasses and smart home products, which is expected to accelerate market penetration and benefit quality suppliers [6][7]. - The paper industry is projected to see a supply-demand improvement, with a focus on the potential impact of anti-involution policies and marginal demand changes contributing to cyclical elasticity [8][9]. - The personal care sector is recommended for bottom-fishing opportunities, with specific companies identified for their growth potential [11]. - The pet products sector is noted for its growth trajectory and global expansion, with strong recommendations for specific companies [13]. - The export market is expected to benefit from a potential U.S. interest rate cut, which may stimulate furniture consumption and enhance the competitive landscape for Chinese companies [14][15]. Summary by Sections Smart Glasses and Smart Home - The introduction of subsidies for smart glasses is expected to lower consumer costs and enhance market penetration, with major manufacturers launching new AI glasses products [6][7]. - Smart home products are also included in the subsidy program, with various categories expected to benefit from consumer incentives [7]. Paper Industry - The report outlines a new investment strategy for the paper industry, emphasizing the integration of wood pulp and paper production, with a focus on improving supply-demand dynamics [8][9]. - Specific segments such as cultural paper and boxboard are highlighted for their unique supply-demand characteristics, with recommendations for companies that exhibit strong performance in these areas [10]. Personal Care - Companies like Baiya, Dengkang Oral Care, and Zhongshun Jierou are identified as key players in the personal care sector, with strategies focused on national expansion and product upgrades [11][12]. Pet Products - The report emphasizes the growth potential in the pet products sector, recommending companies like Yiyi and Yuanfei Pet for their strong domestic and international performance [13]. Export Market - The report notes that U.S. interest rate cuts could boost furniture consumption, with a focus on companies like Xiangxin Home, Yongyi, and Jiayi for their export capabilities [14][15]. High Dividend Safety Margin Assets - The report identifies several companies in the packaging and home furnishing sectors with stable dividend yields and strong market positions, including Yongxin, Yutong Technology, and Huawang Technology [18][19][20].