茶花现代家居用品股份有限公司
2026年度日常关联交易预计公告深度解读

一、公告要点概述

• 预计2026年度日常关联交易总额为人民币15,400万元，大幅高于2025年实际发生金额（6,246.40万元）。
• 日常关联交易涉及公司与多家关联公司，包括上海莱枫生活用品、深圳市达迈科技信息、先进科技（香港）、深圳市玄武科技信息、玄武国际（香港）等。
• 本次关联交易方案已经独立董事提前认可、董事会审议通过，尚需提交公司股东大会审议。
• 独立董事认为交易公允、合理，不存在损害中小股东利益情形，预计不会对公司独立性、持续经营能力造成不利影响。
• 公司与关联方交易采取市场价格、成本加合理利润等定价方式，确保定价公允。

二、具体交易明细及变化分析

• 合计预计金额：15,400万元（2025年实际为6,246.40万元），显示公司与关联方业务合作预期将大幅提升。
• 2025年部分关联交易预计未达标，主要受市场及业务调整影响，部分业务未实际发生。

三、关联方详细信息及财务状况

• 上海莱枫生活用品有限公司：
  • 茶花股份持股20%，董事翁林彦个人持股15%并任董事长。
  • 2025年末资产总额780.32万元，净资产-8万元；2025年营业收入2,868.03万元，净利润-158.21万元。
  • 公司实际控制力较强，未来业务合作空间大。
• 深圳市达迈科技信息有限公司：
  • 持有茶花股份5%以上股份。
  • 2025年末资产总额92,327万元，净资产31,969万元，营业收入27,594万元，净利润-2,016万元。
  • 全资持有先进科技（香港）、玄武科技信息，资本实力雄厚。
• 先进科技（香港）有限公司：
  • 2025年末资产总额3,139万美元，净资产1,587万美元，营业收入8,289万美元，净利润572万美元。
• 深圳市玄武科技信息有限公司：
  • 2025年末资产总额18,117万元，净资产3,520万元，营业收入7,397万元，净利润129万元。
• 玄武国际（香港）有限公司：
  • 2025年末资产总额4.4万美元，净资产-0.6万美元，营业收入2万美元，净利润-0.6万美元。

四、关联交易公允性与对公司的影响

• 所有交易均采取市场公允价格或成本加合理利润方式定价，确保公司及中小股东利益。
• 独立董事认为交易不会对公司财务状况、持续经营能力、独立性造成不利影响，也不会导致对关联方的依赖或被控制。
• 公司与关联方历史合作履约情况良好，财务及履约能力有保障。

五、潜在对股价的影响及股东须知

• 日常关联交易金额大幅增长，特别是销售收入的提升，显示公司正加大与关联企业的业务协同，预计将推动公司主营业务拓展和业绩提升，这可能成为市场关注的利好因素，对股价构成正面影响。
• 但需关注部分关联方2025年度亏损（如上海莱枫、达迈科技、玄武国际），若未来持续亏损，可能影响公司部分回款或合作稳定性。
• 本次关联交易尚需股东大会审议，存在一定不确定性，投资者需密切跟进后续进展。

六、总结

本次茶花股份披露的2026年度日常关联交易预计方案，不仅体现了公司对未来业务协同的高度预期，也显示出公司与关联方间紧密的资本与业务合作关系。大幅增长的交易金额若能落地，将有望成为公司业绩增长的推动力，值得投资者重点关注。

免责声明： 本文内容仅为基于公开信息的新闻解读，不构成投资建议。投资有风险，决策需谨慎。请投资者关注公司后续公告及相关法规要求。

English Version

Chahua Modern Homewares Co., Ltd.
In-depth Review of the 2026 Routine Related Party Transactions Forecast

1. Overview of Key Announcements

• Estimated total amount of routine related party transactions for 2026 is RMB 154 million, significantly higher than the actual figure for 2025 (RMB 62.464 million).
• Transactions involve Chahua and several related entities, including Shanghai Laifeng Homewares, Shenzhen Damai Technology, Advanced Technology (Hong Kong), Shenzhen Xuanwu Technology, and Xuanwu International (Hong Kong).
• The proposal has been pre-approved by independent directors and passed by the Board, pending final approval at the shareholders’ meeting.
• Independent directors believe the transactions are fair and reasonable, do not harm minority shareholder interests, and will not adversely affect the company’s independence or sustainability.
• Transaction prices will be set at market rates or cost plus reasonable profit, ensuring fair pricing.

2. Detailed Transaction Breakdown & Analysis

• Total estimated amount: RMB 154 million (2025 actual: RMB 62.464 million), showing a strong expectation of increased business cooperation with related parties.
• Some 2025 transactions did not meet forecasts due to market and business adjustments; some did not occur at all.

3. Related Party Profiles & Financial Status

• Shanghai Laifeng Homewares:
  • Chahua holds 20%, director Wen Linyan holds 15% and is chairman.
  • End 2025: assets RMB 7.8032 million, net assets -0.08 million; revenue RMB 28.6803 million, net profit -1.5821 million (loss).
  • Company has strong control, significant future cooperation potential.
• Shenzhen Damai Technology:
  • Holds over 5% of Chahua shares.
  • End 2025: assets RMB 923.27 million, net assets RMB 319.69 million, revenue RMB 275.94 million, net profit -20.16 million (loss).
  • Wholly owns Advanced Tech (HK), Xuanwu Tech, strong capital base.
• Advanced Technology (HK):
  • End 2025: assets USD 31.39 million, net assets USD 15.87 million, revenue USD 82.89 million, net profit USD 5.72 million.
• Shenzhen Xuanwu Technology:
  • End 2025: assets RMB 181.17 million, net assets RMB 35.2 million, revenue RMB 73.97 million, net profit RMB 1.29 million.
• Xuanwu International (HK):
  • End 2025: assets USD 44,000, net assets -USD 6,000, revenue USD 20,000, net profit -USD 6,000 (loss).

4. Fairness & Impact on Company

• Transactions are based on market prices or cost plus reasonable profit, protecting company and minority shareholder interests.
• Independent directors believe the transactions will not harm the company’s financial position, sustainability, or independence, nor create undue reliance on related parties.
• Historical cooperation with related parties has been stable, and the counterparties have good credit and financial standing.

5. Potential Share Price Impact & Shareholders’ Key Points

• Significant increase in related sales, especially in revenue, indicates enhanced business cooperation which may drive core business growth and improve financial performance—a potential positive catalyst for the share price.
• However, some related parties posted losses in 2025 (Laifeng, Damai, Xuanwu International); if losses persist, there may be risk to company’s receivables or cooperation stability.
• The proposal still requires shareholders’ meeting approval, so there is some uncertainty. Investors should monitor follow-up announcements closely.

6. Summary

The disclosure of Chahua’s 2026 routine related party transactions plan not only reflects high expectations for business synergy but also highlights close capital and business ties with related parties. If the substantial growth in transaction volume materializes, it could drive the company’s performance and is worth close attention from investors.

Disclaimer: The above is a news analysis based on publicly available information and does not constitute investment advice. Investments carry risks. Please pay attention to further company disclosures and comply with regulatory requirements.

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