Guys, it's Shocking! The Boss of Juran Smart Home Has Been Detained!

宝子们👋，今天爆个大瓜！居然智家的老板汪林朋被留置啦，这消息一出来，整个家居圈和资本市场都炸锅了！

Guys 👋, today I've got a big scoop! Wang Linpeng, the boss of Juran Smart Home, has been detained. As soon as this news came out, the entire home furnishing industry and the capital market were in an uproar!

突发！老板被留置，股权全冻结

Suddenly! The Boss Was Detained and All His Equity Was Frozen

4 月 17 日，居然智家发公告说，老板汪林朋被武汉市江汉区监察委员会留置，还立案了。这事儿第二天，居然智家股价直接一字跌停，收在 3.69 元 / 股，市值剩 230 亿左右，股民们估计心都凉了💔。

On April 17th, Juran Smart Home announced that its boss, Wang Linpeng, had been detained by the Jianghan District Supervisory Committee in Wuhan and the case had been filed. The next day, the stock price of Juran Smart Home dropped by the daily limit directly, closing at 3.69 yuan per share, with a market value of around 23 billion yuan. The investors must be heartbroken 💔.

而且，汪林朋持有的 3.72 亿股居然智家股份全被司法冻结了，占他持股的 100%，占公司总股本的 5.97%。这阵仗可不小！

Moreover, all of Wang Linpeng's 372 million shares in Juran Smart Home were frozen by the judicial department, accounting for 100% of his shares and 5.97% of the company's total share capital. This is quite a big deal!

借壳上市那些事儿：争议中登陆 A 股

The Story of Backdoor Listing: Landing on the A - Share Market Amid Controversy

汪林朋在行业里可是个名人，他最出名的操作就是借壳武汉中商让居然智家上市。武汉中商以前是湖北很有名的商业零售企业，背后是武汉国资委。2019 年，武汉中商花 356.5 亿收购了居然之家（当时还没改名）。

Wang Linpeng is quite famous in the industry. His most well - known move was to list Juran Smart Home through a backdoor listing by taking over Wuhan Zhongshang. Wuhan Zhongshang used to be a well - known commercial retail enterprise in Hubei, backed by the Wuhan SASAC. In 2019, Wuhan Zhongshang acquired Juran Home (before the zzxd.douyinwh.com name change) for 35.65 billion yuan.

收购完，武汉中商原来的大股东持股比例从 41.25% 降到 1.72%，汪林朋他们一伙儿成了大股东，占股 61.93%，后来武汉中商就改名叫居然之家了。

After the acquisition, the shareholding ratio of the original major shareholder of Wuhan Zhongshang dropped from 41.25% to 1.72%, and Wang Linpeng and his affiliated companies became the major shareholders, accounting for 61.93%. Later, Wuhan Zhongshang changed its name to Juran Home.

不过当时这借壳可争议不断，有人说会造成国有资产流失，深交所也盯着居然智家股权估值、资产瑕疵这些问题。但最后还是成功上市了，汪林朋也赚得盆满钵满。

However, there were constant controversies about this backdoor listing at that time. Some people said it would lead to the loss of state - owned assets, and the Shenzhen Stock Exchange also paid close attention to issues such as the equity valuation of Juran Smart Home and defects in its assets. But in the end, the listing was successful, and Wang Linpeng made a fortune.

业绩三连降，转型也难救场

Three - Year Consecutive Decline in Performance: Transformation Can't Save the Situation

居然智家主要靠家居卖场收租金和管理费赚钱。可这几年，疫情加上房地产不景气，租赁管理业务收入一路下滑，2021 - 2023 年，收入从 74.15 亿降到 64.28 亿，毛利率从 59.77% 降到 48.76%。

Juran Smart Home mainly makes money from collecting rent and management fees in its home furnishing stores. In recent years, due to the pandemic and the sluggish real estate market, the revenue of its leasing and management business has been declining. From 2021 to 2023, the revenue dropped from 7.415 billion yuan to 6.428 billion yuan, and the gross profit margin dropped from 59.77% to 48.76%.

商品销售业务收入倒是在涨，可毛利率很低，2023 年才 9.88%。所以整体上，居然智家营收还算平稳，但利润是越来越少。2021 - 2023 年，净利润从 23.25 亿降到 13 亿，2024 年更是大幅下降 32.08%，连续三年下滑。

The revenue of the commodity sales business has been increasing, but the gross profit margin is very low, only 9.88% in 2023. So overall, the revenue of Juran Smart Home is relatively stable, but the profit is getting less and less. From 2021 to 2023, the net profit dropped from 2.325 billion yuan to 1.3 billion yuan, and in 2024, it dropped by 32.08%, showing a three - year consecutive decline.

居然智家也在努力转型，搞数智化，改名字，可目前看来效果还不明显。未来到底咋样，真的很难说啊😔。

Juran Smart Home is also trying hard to transform, focusing on digital intelligence and changing its name. But so far, the results are not obvious. It's really hard to say what the future holds 😔.