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Last week, there were constant developments in home furnishing companies. The sales of large-scale building materials and home furnishing stores nationwide achieved year-on-year and month-on-month growth in June; *ST Jiayu responded to the annual report inquiry letter: the post-period payment of accounts receivable was 25.87 million yuan; Easyhome plans to repurchase the company's shares for 30 million to 50 million yuan; Mlily: The US mattress anti-dumping has not caused a significant adverse impact on the company's production and operation.

The sales of building materials and home furnishing stores above designated size in China achieved both year-on-year and month-on-month growth in June

On July 15, the information compiled and released by the China Building Materials Circulation Association, which was approved by the Circulation Industry Development Department of the Ministry of Commerce, showed that the national building materials and home furnishing prosperity index (BHI) was 121.61 in June, up 4.97 points year-on-year. The sales of building materials and home furnishing stores above designated size nationwide increased by 4.89% month-on-month and 7.93% year-on-year. While competition in the home furnishing industry is becoming increasingly fierce in the first half of 2024, the industry as a whole is pregnant with huge opportunities. Affected by seasonal factors such as hot weather and heavy rain in the south, the BHI fell in June, but under the incentive of the "old for new" policy, the boost of the Dragon Boat Festival holiday, and the "618" large-scale promotional activities, coupled with the company's half-year impulse strategy, the sales of building materials and home furnishing stores above designated size nationwide reached 135.106 billion yuan in June, up 4.89% month-on-month and 7.93% year-on-year.

Jianlong Hardware: Adjustment of the amount of investment to be made in the raised funds investment projects

On the evening of July 16, Guangdong Jianlang Hardware Products Co., Ltd. issued an announcement stating that in response to the company's issuance of A-shares to specific objects in 2023, the company intends to adjust the amount of funds raised in this issuance plan, that is, to reduce the amount of funds raised in the investment projects by the same proportion and reduce the total amount of funds raised accordingly. Specifically, the total amount of funds raised from the issuance before the adjustment was no more than 1.985 billion yuan (including the principal amount), and after the adjustment it was 1.2 billion yuan (including the principal amount).

*ST Jiayu responded to the annual report inquiry letter: accounts receivable received after the period of 25.87 million yuan

Jiayu Holdings Co., Ltd. issued an "Announcement on the Reply to the Shenzhen Stock Exchange's Inquiry Letter on the Annual Report", stating that as of the date of the reply, the company's accounts receivable had been paid back after the period of 25.87 million yuan. The company's customers for engineering construction services are mainly central state-owned enterprises and large real estate development companies, and customers usually pay the settlement amount according to the progress of the engineering construction. When the company handles progress payment with customers, it generally requires customers to pay 60%-80% of the completed output value according to the completion progress, and pay 95% of the settlement amount after acceptance. 5% of the settlement amount is used as a project warranty, and the warranty period is usually 2-3 years, and 5 years for some projects. After the warranty period expires, the customer pays the warranty.

Yazhen Home Furnishing responds to the Shanghai Stock Exchange's regulatory work letter

On July 15, Yazhen Home Furnishing issued a reply announcement regarding the Shanghai Stock Exchange's information disclosure supervision work letter on the company's 2023 annual report, explaining the reasons and rationality for the company's sharp decline in operating income. Yazhen Home Furnishing said that the company's marketing and promotion currently relies mostly on offline channels. In recent years, due to market planning adjustments, the number of the company's stores has declined significantly, and the online promotion and traffic diversion capabilities are not strong. At the same time, as the post-80s and post-90s have become the main consumer groups in the home furnishing market, their consumption concepts are significantly different from those of the previous generation, and the customer flow has been greatly reduced compared to the past. In addition, the rapid development of the custom furniture industry has led to a sharp decline in the company's various types of event furniture revenue in recent years.

Easyhome: Plans to repurchase company shares for RMB 30 million to RMB 50 million

On July 18, Easyhome New Retail Group Co., Ltd. announced that it plans to use its own funds to repurchase some of the company's A-shares through centralized bidding transactions. The repurchased shares will be used to implement employee stock ownership plans or equity incentives. The total amount of funds the company intends to use for this share repurchase is not less than RMB 30 million (inclusive) and not more than RMB 50 million (inclusive), and the repurchase price does not exceed RMB 3.5 per share.

Mlily: US mattress anti-dumping has not caused significant adverse impact on the company's production and operations

According to the announcement of Mengli, the US Department of Commerce issued a final ruling on the anti-dumping duty investigation on mattresses in Spain, Kosovo and other countries or regions. The matter involves the company's three production bases in Spain and Thailand. Mengli said that the anti-dumping did not cause significant adverse effects on the company's production and operations. As of the close of July 19, Mengli's stock price rose 1.35% to 6.78 yuan per share.

Songlin Technology: Net profit expected to reach 200 million to 230 million yuan in the first half of the year

Xiamen Songlin Technology Co., Ltd. released an announcement on the increase in semi-annual performance in 2024, predicting that the net profit attributable to shareholders of the listed company in the first half of 2024 will be 200 million to 230 million yuan, an increase of 66.05% to 90.96% compared with the same period last year (statutory disclosure data). The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses is 187 million to 217 million yuan, an increase of 40.07% to 62.54% compared with the same period last year (statutory disclosure data).

Martian Kitchenware terminates investment in new group headquarters building project

On July 19, Martian Kitchenware Co., Ltd. issued an announcement stating that the company held the 19th meeting of the third board of directors and reviewed and approved the "Proposal on Terminating Investment in the New Group Headquarters Building Project", agreeing that the company would terminate the use of self-raised funds of RMB 580 million to invest in the construction of the group headquarters building project.

IKEA recalls 253 substandard power banks

IKEA (China) Investment Co., Ltd. announced the recall of IKEA brand VARMFRONT Wang Furong mobile power supplies produced from March to May 2023, totaling 253 units. The recall period is from July 17 to October 16, 2024. The recall information shows that the IKEA brand VARMFRONT Wang Furong mobile power supply "model/specification: E2037 (5200mAh, blue), E2038 (10400mAh, dark blue); production batch number/batch: E2037 involves batches 2318, 2319, 2322, E2038 involves batches 2313, 2316, 2318, 2319" is unqualified. The product may overheat during use, and there is a potential risk of melting or self-limiting spontaneous combustion in the event of overheating.

Guangdong Yadu Environmental Protection Technology Co., Ltd. recalls some indoor heaters

The official website of Zhaoqing Municipal Market Supervision Administration recently announced that Guangdong Yadu Environmental Protection Technology Co., Ltd. recalled 25 "YaDu" brand indoor heaters, model/specification YD-N1501A1, production batch number/batch XHS-NJ01. It is reported that the defects of the recalled products are "product input power, leakage current and electrical strength at operating temperature, internal wiring, screws and connections, etc. do not meet the requirements of GB4706.1-2005 and GB4706.23-2007 standards", which may cause electric shock and fire hazards.

Beijing News reporter Zhang Jie

Editor Wang Lin

Proofread by Liu Jun