傍晚六点的南京，小区里的灯陆续亮了起来，可有些家里的光，却总透着股"将就"。 客厅的灯亮得晃眼，爸妈却要眯着眼看手机，孩子趴在书桌上写作业，笔尖的影子总挡着题目，晚上起夜去厨房，摸黑走两步就怕撞到餐椅。 而雷士照明的"全民焕新节"，就是来把这份"将就"的光，换成"贴心"的光。 从9月20日到10月20日，这场覆盖全国的好光焕新行动，带着专为南京家庭准备的福利来了，不只是换一盏灯，更是换一种有温度的生活。 被"好光"照亮的日子 在南京待久了，会发现生活里都藏着和"光"有关的小事。 老门东的老房子里，爷爷奶奶总说"灯亮了晃眼，太暗了又不舒服"。河西的新公寓里，年轻爸妈为"孩子写作业用什么灯"争论半天。江宁的出租屋里，打工 人加班到深夜，总觉得头顶的灯照得人心里空唠唠。 这些小事背后，其实是我们对"好光"的渴望。好的灯光，不是越亮越好，而是能懂你的需求。这次"全民焕新节"，雷士照明喊出"全家好光，尽在雷士"，这 不仅仅是一句口号，它是想告诉人们：别再让家里的灯拖了幸福的后腿，换一套懂生活的灯，日子里的温暖和舒适，会跟着亮起来。 我们总在装修时花大价钱买家具、挑窗帘，却很少在意头顶那盏灯，直到有天看着家里冷冰冰的白光 ...

在武汉江汉路经营着一家餐馆的张师傅，每天在灶火与油烟中为一家老小的生活奔忙。 最近，一连串的细节让他发现，自己忙着打拼，却忽略了家人。三年级的孩子在写作业时总爱不自觉地揉眼睛，起初以为是孩子的坏习惯，呵斥了几句，直 到某天陪读时亲自坐在书桌前，才发现孩子屋里的灯又暗又黄，自己看一会都眼睛发酸。 更让他揪心的是父母。有天回来的晚，刚进门就听到扶墙的摩挲声，母亲摸着黑起来上洗手间。问母亲为什么不开灯，母亲说床头灯太晃眼，刺得眼睛疼。 张师傅这才意识到，不合适的亮度，对上岁数的父母来说，竟成了一种负担。 那一刻，张师傅心里又愧又疼，决心要给家里的照明设备们来一次大升级。上网对各种灯具做了研究，看到雷士照明在9月20日至10月20日期间，举办的"全 民焕新节"，尤其是海报上那句"全家好光，尽在雷士"一下就打动了张师傅，抱着试试看的心态去线下门店进行咨询，没想到大有收获。 经过门店的专业推荐，先是选了一套「成长护眼全家桶」给孩子，全光谱吸顶灯+书桌落地灯，模拟自然光，没有频闪和蓝光，用眼不易累。又给父母选了 「安心适老全家桶」，1.5倍专属高亮，光线充足均匀又柔和，父母起夜再也不用担心强光刺眼。"自从给孩子和父母升级了 ...

中秋国庆双节凑堆堆，成都人的日程表排得满满当当满：朋友聚会、火锅走起、周边露营、公园晒太阳……但耍得再巴适，最终兜兜转转，还是要回到那个 能让自己放松的窝。 成都人最懂安逸，生活要有滋味才算过得好。但说句心里话：再安逸的日子，要是回到家里，灯光昏暗、氛围欠佳，氛围多少也要打点折扣。很多人可能没 意识到，好光，才是"巴适生活"的底色。屋头那盏从住进来就没换过的灯，可能正在悄悄拖垮你的生活品质。 对于在金融城工作的成都妹子小陈来说，灯光曾是她家聚会时的"短板"。之前喊朋友来家吃火锅，头顶那盏老灯昏黄暗淡，毛肚下锅后都失了颜色，大家兴 致勃勃地合照，拍出来人均"灰头土脸"。 前些天下班回家时，成都公交站一组雷士照明的创意灯箱令她忍不住驻足。每当有人走过，灯光便会亮起，小陈觉得这冷冰冰的公众设施有了温度，把人影 笼在一片温柔里，就像提前有人帮你把回家的灯打开。 这束"懂事的光"启发了小陈，这样恰到好处的关怀和氛围感才是自己真正需要的。工作一天回到家中，不需繁琐操作就能享受温馨又有格调的照明环境，给 一天疲惫的身心来一场放松疗愈。 因为这块创意灯牌的启发，小陈周末去了趟线下门店，咨询了适合自家的照明设计方案。选了「智慧 ...

我们每天生活的重心——家，那里的光真的足够温暖和健康吗？外面的光都能这么懂人心，家里的光为什么要将就？毕竟家是待得最久的地方，孩子写作业 的桌灯、老人起夜的小灯、自己追剧的客厅灯，哪一盏不关乎日子的舒服劲儿？ 正是洞察到这份被忽略的需求，在9月20日到10月20日，雷士照明搞了个大动作！"全民焕新节"来到了西安，主题就是"全家好光，尽在雷士"。它就是想大 声告诉我们：是时候了！通过一次简单的灯光焕新，把那份本该属于家的舒适和温度，重新"照亮"。 焕新一束懂你的光，让家自带氛围感 小林是个朝九晚五的上班族，刚搬进新家时选了一盏造型很酷的吊灯。那时的他坚持"灯嘛，够亮就行"。直到某个周五晚上，他邀请朋友来家看电影，却发 现那盏灯只能在"全亮"和"全灭"之间切换。昏暗的光线下，朋友们的脸显得模糊，期待的观影之夜，气氛总差了那么一点。 这次经历让他开始琢磨：家里的光，能不能像智能手表切换表盘一样，一键适配不同场景？作为科技爱好者，他很快研究起智能灯光方案，并一眼相中了雷 士照明的"智慧愉悦全家桶"。这套方案不仅能一键切换观影、会客、用餐、阅读、入睡等多种用光模式，还支持智能语音控制，彻底击中了他的需求。趁 着"全民焕 ...

开灯，是现在年轻人回家后的第一场仪式。 26岁的互联网运营小新有个下班后雷打不动的习惯：推开家门，放下通勤包，第一件事是带有某种宣告意味地，按下那个熟悉的开关。 "啪——" 一束温暖的光瞬间涌出，将整个客厅包裹进一种低饱和度的暖橙色里。就是这一刹那，职场KPI、通勤的拥挤、外面的喧嚣，仿佛都被这层光晕温柔地隔绝 在外。"光铺满房间的瞬间，好像真的能卸下一天的疲惫。"小新说。 对她而言，灯光带给她的情绪体验不止于此。她很享受不同灯光色温带来的生活场景切换。 比如平时追剧时，她会选择观影灯光模式，墙上投下的温柔光晕，很适合沉浸式看一场电影。 周末朋友来聚会，则选择聚会模式来增加亮度，一整个happy party起来。 对小新而言，灯光早已超越了"照亮"的基础功能，它是情绪的"背景音"，是打造专属生活仪式的低成本工具。"灯光就像家里的 BGM（背景音乐），你总不 能一直单曲循环一首歌吧？" 而对灯光"上头"的，远不止小新一个。一场关于"光"的情绪主张，正在更多人的生活空间中被悄然点亮。 灯，不只是灯 如果你还以为灯只是天花板上的一个发光体，那可能就错过了让这届年轻人"上头"的灯光氛围阵地，以及生活中长情的无声告白。 ...

Core Insights - The lighting market in Shangrao, Jiangxi, is experiencing robust growth driven by its strategic location and diverse consumer demands [1][2] - Local distributors are adapting their strategies to cater to two main consumer trends: improvement-oriented demand and assurance-oriented demand [5][6] Market Characteristics - Shangrao's lighting distributors are concentrated in key commercial areas, particularly Jiangnan Trade City, with around 50 businesses specializing in lighting and smart home products [2] - Major brands such as NVC Lighting, Opple Lighting, and Philips Lighting have established a strong presence, contributing to a high market concentration [4] Consumer Demand Trends - Improvement-oriented consumers prioritize design, smart features, and brand prestige, showing less price sensitivity [5] - Assurance-oriented consumers focus on product performance, stability, cost-effectiveness, and after-sales service [5] Business Strategies - Local distributors exhibit flexibility by adopting a multi-brand strategy, combining core brands with complementary products to meet diverse customer needs [6] - Some distributors are enhancing their competitive edge by expanding their product offerings and improving service capabilities [11][19] Market Challenges and Opportunities - The market faces challenges from increased competition and brand channel expansion into rural areas, impacting local distributors reliant on city markets [8] - Despite these challenges, many brands are investing in store renovations and upgrades, indicating confidence in future market growth [8] Case Studies - A distributor expanded its operations by introducing Opple Lighting, enhancing its product range and supporting retail growth [11] - Another distributor focused on smart lighting solutions while ensuring professional service quality to maintain competitiveness in the market [17] - A distributor shifted from wholesale to a multi-channel approach, adapting to changing market demands and enhancing customer service [19][21]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 雷士國際控股有限公司 呈交日期: 2025年10月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02222 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 50,000,000,000 | USD | | 0.000001 | USD | | 50,000 | | 增加 / 減少 (-) | | | 0 | | | | USD | | 0 | | 本月底結存 | | | 50,000,000,000 | USD | | 0.000001 | USD | | 50,000 | ...

Core Points - The company, NVC Lighting, was awarded the title of "2025 China Manufacturing · Consumer Trusted Brand" during the "2025 China Brand Development Conference" held on September 15, as part of the National Quality Month [1] - NVC Lighting has established a digital quality management system that ensures traceability throughout the product lifecycle, enhancing quality control efficiency by over 15% compared to traditional methods [3] - The company emphasizes innovation by collaborating with Chinese aerospace research institutions to develop the "Accompanying Natural Light" technology, which aims to improve user experience across multiple dimensions [3] Group 1 - NVC Lighting received recognition for its commitment to quality and consumer trust, reflecting its 27 years of responsibility and innovation in the lighting industry [2][3] - The company offers tailored lighting solutions for various demographics, including eye protection for students, elderly-friendly lighting, and easy-to-use home lighting solutions for young families [3] - Each product from NVC Lighting is assigned a unique quality traceability code, ensuring transparency and reliability from production to sales [3] Group 2 - The digital quality management system implemented by NVC Lighting allows for real-time monitoring of the entire production process, ensuring high standards of quality and reliability [3] - The collaboration with aerospace institutions signifies NVC Lighting's commitment to advancing lighting technology and enhancing user experience through scientific research [3]

Core Viewpoint - The company operates in the lighting industry, focusing on the production and sales of light sources, lamps, and related products, with a commitment to providing efficient, energy-saving, and comfortable lighting solutions across various sectors [10]. Financial Performance - The company's revenue and net profit showed significant fluctuations, with a notable decline in revenue growth rate of -9.58% and net profit growth rate of -15.56% in 2023 compared to the previous year [12][14]. - In the first half of 2025, the company reported a revenue composition of $0.87 billion from international non-Raishi brand sales, $0.159 billion from international Raishi brand sales, and $0.043 billion from domestic non-Raishi brand sales [14]. - The average return on equity for the first half of 2025 was 3.3%, an increase of 1.73 percentage points from the same period last year [18]. Asset and Liability Changes - As of the first half of 2025, the company's cash and cash equivalents increased by 11.38%, while accounts receivable decreased by 8.29% [25]. - The company experienced a significant increase in short-term borrowings by 427.16%, while accounts payable decreased by 29.54% [28]. - The company's liquidity ratios were strong, with a current ratio of 3.19 and a quick ratio of 2.67 as of the first half of 2025 [31]. Industry Comparison - The company's asset-liability ratio was reported at 49.97% in 2023, which is lower than the industry average [30]. - The company's total asset turnover ratio and fixed asset turnover ratio have been tracked over the years, indicating performance relative to industry benchmarks [20][21].

Contents 目錄 | 2 | Corporate Information | 公司資料 | | --- | --- | --- | | 3 | Financial Highlights | 財務摘要 | | 4 | Management Discussion and Analysis | 管理層討論與分析 | | 29 | Disclosure of Interests | 權益披露 | | 32 | Corporate Governance and | 企業管治及其他資料 | | | Other Information | | | 37 | Report on Review of Condensed | 簡明綜合財務報表審閱報告 | | | Consolidated Financial Statements | | | 39 | Condensed Consolidated | 簡明綜合財務報表 | | | Financial Statements | | | 46 | Notes to the Condensed Consolidated | 簡明綜合財務報表附註 | | | Financial S ...