Wen Leju Finance and Economics Strict Ming Association
At a time when A-shares have repeatedly set records, many home furnishing companies have also begun to "save themselves" for their own stock prices.
According to the news on February 6, Diou Home Furnishing (002798SZ) issued a plan on the repurchase of the company's shares, which intends to use no less than 25 million yuan (inclusive) and no more than 50 million yuan (inclusive), and no more than 9 yuan in the repurchase**Under the condition of 00 yuan shares, it is estimated that the total number of shares that can be repurchased is about 277770,000 shares to 555550,000 shares, and the proportion of repurchased shares accounts for about 072% to 144%。On the same day, Diou Home Furnishing continued to announce that some directors, senior managers and core management personnel intend to increase their holdings of the company's shares with their own or self-raised funds based on their firm confidence in the company's development prospects, with a total increase in the number of shares not less than 950,000 shares and no more than 1.9 million shares. The main entities of the increase include Wu Chaorong, director and vice president, Cai Jun, chief financial officer, etc. According to public data, as of the last trading day before the Spring Festival holiday**, on February 8, 2024, Diou Home Furnishing closed at 357 yuan shares, compared with February 3, 2023, Diou Home Furnishing closed at 838 yuan shares, in just one year, its share price fell by more than 57%.
There has been public information disclosure before, and in 2022, Wu Chaorong will be the highest-paid executive in Diou Home, at 73430,000 yuan. According to public information, Wu Chaorong was born in 1971 and has a master's degree in accounting. Judging from her introduction in the past, she is a veteran employee of "Emperor Sanitary Ware". "After graduating from Southwestern University of Finance and Economics and entering Emperor Sanitary Ware, he started from the financial department and became the financial director, accompanying Emperor Sanitary Ware all the way to the market, mergers and acquisitions, and name change. ”
In 2017, after the marriage of Emperor Sanitary Ware and Oushennuo Ceramics, with this acquisition, which is known as "snake swallowing elephant" in the industry, Emperor Sanitary Ware has achieved a soaring performance. Nowadays, Emperor Sanitary Ware has long been renamed "Diou Home", and the executives of Oushennuo have not been left with the "retirement" of the founder Bao Jiejun.
In February 2022, Diou Home Furnishing announced that Wu Chaorong was appointed as the president of Foshan Oushennuo Ceramics *** referred to as "Oushennuo"), so that Wu Chaorong was officially promoted from the person in charge of finance to the person in charge of the core brand. Also this year, Diou Home Furnishing lost more than 1.5 billion, and its net profit turned from profit to loss, of which the pillar subsidiary Foshan Oushennuo Ceramics lost nearly 1 billion.
By August 2023, Diou Home Furnishing announced again that the founder Wu Zhixiong was appointed as the president of Oushennuo, and this announcement also listed a number of core leaders of Oushennuo, namely Executive Vice President Xu Qiang, Vice President Cai Jun, Vice President Meng Zhenming, Vice President Tan Yisong, Vice President Wu Chao, and Wu Chao did not seem to mention Wu Chaorong in the list of presidents and vice presidents.
Although the founder returned to the mountain and served as the president of the main sub-brand Oushennuo, on January 31, the performance forecast released by Diou Home Furnishing showed that it may continue to lose money in 2023. The net loss attributable to shareholders of the listed company is expected to be 5$500 million to $6800 million yuan; Net loss after deducting non-recurring gains and losses was approximately 5300 million to 6600 million yuan.
Related companies: Diou SZ002798, Oushennuo.