为贯彻落实习近平总书记关于激发涌现更多专精特新中小企业的重要指示批示精神，工业和信息化部开展 2025年专精特新"小巨人"企业认定和复核工作，已完成各省级中小企业主管部门初核和推荐、专家审核等程 序，向社会进行公示。 以下为各地区公示名单数量统计表： 第七批专精特新"小巨人"企业和2025年专精特新"小巨人"复核通过企业公示名单统计表 | | 第七批 | 2025年 | | --- | --- | --- | | 地区 | 長精特新"小巨人" | 专精特新"小巨人" | | | 企业数量(家) | 复核通过企业数量(家) | | 江苏省 | 807 | 400 | | 广东省(含深圳市) | 691 | 405 | | 浙江省(含宁波市) | 398 | 576 | | 北京市 | 250 | 262 | | 山东省(含青岛市) | 243 | 360 | | 上海市 | 215 | 214 | | 安徽省 | 153 | 236 | | 湖北省 | 102 | 272 | | 湖南省 | 77 | 150 | | 四川省 | 76 | 120 | | 福建省 (含厦门市) | 72 | 121 | | 河北 ...

以下文章来源于斑马消费 ，作者范建 斑马消费 . 寻找泛消费领域的斑马企业 公牛集团刚刚完成2.5亿元的股票回购，大股东立马抛出一份约16亿元的减持计划，瞬间将公司股价打到了谷底。 在A股大盘连续上冲的最近几个月，作为行业龙头的公牛集团，却是股价持续下跌，也难怪有投资者在股吧里评论称：公牛是锻炼心理学、耐受力的最好 标的物。 更让投资者担心的，是公司的成长性。今年，公牛集团业绩持续增长的趋势突然中止，上半年营收和利润双降，给股民的心中蒙上了一层更重的阴影。 01 16亿元大减持 大股东的减持计划，让公牛集团（603195.SH）数万股东的心，始终悬在嗓子眼。公司本就处于历史低位的股价，连续多个交易日阴跌。 10月10日，公牛集团披露公告，因自身资金需求，实际控制人之一的阮学平，拟通过大宗交易方式减持3617.18万股，不超过公司总股本的2%。若以公告 披露当日45.15元/股的收盘价计，阮学平拟减持的股票市值超过16亿元。减持的时间区间为2025年10月31日-2026年1月30日。 目前，阮学平持有公牛集团14.13%股权，为第三大股东，并出任公司副董事长。其兄阮立平为公司董事长兼总裁，直接持股16.13% ...

Core Viewpoint - The stock price of Bull Group has experienced a significant decline in 2023, dropping from a high of 54 yuan in March to around 43 yuan, with a net outflow of approximately 470 million yuan this year [4][6]. Group 1: Product Quality and Market Position - Bull Group's products are characterized by safety, quality, and innovative features, such as flame-retardant materials and patented designs, which have contributed to a strong reputation in the market [5][6]. - Despite the high quality of its products, the company's overall performance has been affected by market dynamics, including competition and changing consumer preferences [6][7]. Group 2: Financial Performance - In recent years, Bull Group has shown consistent revenue growth, with increases of 23.22%, 13.7%, and 11.46% from 2021 to 2023, and net profit growth of 20.18%, 14.69%, and 21.37% respectively [6]. - However, in the first half of 2023, the company reported a revenue decline of 2.6% to 8.168 billion yuan and a net profit drop of 8% to 2.06 billion yuan, marking the first instance of simultaneous revenue and profit decline [7][9]. Group 3: Business Segments - The company's two main business segments, electrical connections and smart electrical lighting, are facing growth challenges, with revenues declining by 5.37% and 2.78% respectively due to market saturation and weak real estate demand [7][8]. - Conversely, the new energy business has shown promising growth, with a 33.52% increase in revenue to 386 million yuan, although it currently represents less than 5% of total revenue [7][8]. Group 4: Operational Challenges - The company's gross profit margin has decreased to 42.33%, and there has been a notable decline in accounts receivable and inventory turnover rates, indicating potential operational inefficiencies [9]. - Additionally, the company has faced delays in fundraising projects and the utilization of 3.5 billion yuan from its IPO, suggesting possible management shortcomings [9]. Group 5: Strategic Opportunities - To adapt to changing consumer preferences, Bull Group is encouraged to enhance product personalization and explore partnerships with smart home integrators to expand its market reach [10]. - The current period presents both challenges and opportunities for Bull Group, necessitating a proactive approach to drive growth and innovation [10].

16亿元大减持 大股东的减持计划，让公牛集团（603195.SH）数万股东的心，始终悬在嗓子眼。公司本就处于历史低位的股价，连续多个交易日阴跌。 10月10日，公牛集团披露公告，因自身资金需求，实际控制人之一的阮学平，拟通过大宗交易方式减持3617.18万股，不超过公司总股本的2%。若以公告披 露当日45.15元/股的收盘价计，阮学平拟减持的股票市值超过16亿元。减持的时间区间为2025年10月31日-2026年1月30日。 目前，阮学平持有公牛集团14.13%股权，为第三大股东，并出任公司副董事长。其兄阮立平为公司董事长兼总裁，直接持股16.13%，为第二大股东。 控股股东良机实业持有公牛集团53.82%股权，该公司由阮立平和阮学平共同控制。兄弟二人通过一致行动人关系，直接和间接持有上市公司15.33亿股，占 公司总股本的84.76%。这些股票均为IPO前及公司上市后资本公积金转增股本方式、股东解散非交易过户方式取得。 斑马消费 范建 公牛集团刚刚完成2.5亿元的股票回购，大股东立马抛出一份约16亿元的减持计划，瞬间将公司股价打到了谷底。 在A股大盘连续上冲的最近几个月，作为行业龙头的公牛集团，却是股价持续 ...

Investment Rating - The report maintains an "Overweight" rating for the industry [4] Core Views - The report emphasizes the importance of valuation switching logic in the new consumption sector, highlighting stable operational performance in the sports brand sector for Q3 [6][4] - It suggests a focus on high-growth tracks in new consumption and the valuation switching logic within the sector, particularly in the collectible toy segment [6][4] - The report identifies several companies with strong growth potential and suggests monitoring their performance closely [6][4] Summary by Sections Industry Overview - The industry consists of 175 listed companies with a total market value of 10,672.79 billion and a circulating market value of 8,623.31 billion [2] Market Performance - The Shanghai Composite Index decreased by 1.47%, while the Shenzhen Component Index fell by 4.99% during the week of October 13-17, 2025 [6][11] - The light industry manufacturing index dropped by 2.22%, ranking 13th among 28 Shenwan industries, while the textile and apparel index decreased by 0.31%, ranking 5th [6][11] Key Company Insights - Companies such as Bubble Mart are expected to release Q3 operational data, with new product launches anticipated to drive performance in Q4 [6] - 361 Degrees reported a stable performance with a 10% increase in offline and children's clothing sales, and a 20% increase in e-commerce sales [6] - Anta Sports, Li Ning, and other functional apparel brands are highlighted for their growth potential [6] Investment Opportunities - The report suggests focusing on the acceleration of the Chinese consumption supply chain going overseas, particularly in non-woven fabric manufacturing [6][7] - Companies like Yanjiang Co. are recommended for their advanced production techniques and global supply chain capabilities [7] - The pet supplies sector is also highlighted, with companies like Yuanfei Pet expected to benefit from growth in both OEM and OBM businesses [6][7] Sector Recommendations - The report recommends monitoring companies in the home furnishing sector, such as Xilinmen and Gujia Home, for potential recovery in performance and valuation [6] - In the paper industry, Sun Paper is recommended due to its integrated advantages and expected improvement in profitability [6][7] - The textile manufacturing sector suggests a focus on companies like Jingyuan International for their market share growth potential [6][7]

Core Viewpoint - Bull Electric, known for its power strips, is facing significant challenges in both its traditional and new energy businesses, leading to its first half-year performance decline in five years, with a 2.60% drop in revenue and an 8% drop in net profit [12][14][16]. Business Performance - Bull Electric's revenue for the first half of the year was 8.168 billion yuan, a decrease of 2.60% year-on-year, while the net profit attributable to shareholders was 2.060 billion yuan, down 8% year-on-year [12][14]. - The company's core businesses, including electrical connections and smart electrical lighting, reported declines in revenue, with electrical connections down 5.37% to 3.662 billion yuan and smart electrical lighting down 2.78% to 4.094 billion yuan [11][12]. New Energy Sector - Despite a 33.52% year-on-year increase in revenue from the new energy sector, which amounted to 386 million yuan, this growth is insufficient to offset declines in core business areas [12][14]. - Users have reported quality issues with Bull Electric's new energy products, including charging anomalies and poor after-sales service, leading to dissatisfaction and complaints [3][5][8]. Management Actions - Following the disappointing performance, Vice Chairman Ruan Xueping announced a plan to reduce his holdings by up to 3617.18 million shares, valued at over 1.6 billion yuan, raising concerns about management's confidence in the company's future [14][16]. - The announcement of significant share reductions by a key executive has led to skepticism among investors regarding the company's outlook [16]. Competitive Landscape - Bull Electric's traditional power strip business has been adversely affected by competition from Xiaomi, which introduced a more appealing and lower-priced product, prompting Bull Electric to diversify into new areas [9][10][11].

从用户们的反馈来看，公牛电器新能源产品的口碑似乎并不太好。一位用户向《BUG》栏目表示，他 于今年3月购买了公牛充电枪，使用没几个月就发现汽车的充电口有明显灼烧的痕迹。他前往4S店检测 后，4S店工作人员称车辆的充电口没有质量问题，灼烧的原因应该是公牛充电枪的问题，但更换充电 口配件需要2000多元。 在联系公牛电器售后后，一位公牛电器售后技术人员称需要用户自己先垫付费用，后续公司会进行理 赔。但让他气愤的是，他将4S店的维修报告单和发票都发送给公牛电器售后之后，对方却一拖再拖， 并拒绝赔付。他认为，公牛电器相关工作人员存在诱导垫付行为，导致自己出现资金损失。 《BUG》栏目在黑猫投诉【下载黑猫投诉客户端】上发现，针对公牛电器新能源产品的投诉不在少 数，有的随车充在使用半年后出现过温断电的问题；还有的充电桩使用一个月就出现了充电异常断充现 象；还有用户购买了两个充电桩连续出现故障，一个烧坏了，还有一个充不进电。 多年前与小米的一战，让以插线板起家的公牛电器意识到危机，开启了多元化之路。 近年来，公牛电器还将业务触角延伸至 新能源 领域，推出了 充电桩 、随车充等产品。不过多位用户投 诉称，公牛电器的充电桩频繁 ...

Core Viewpoint - Bull Electric, known for its power strips, is facing significant challenges as it diversifies into the new energy sector, with recent complaints about product quality and service impacting its performance [2][10]. Business Performance - Bull Electric's revenue for the first half of the year decreased by 2.60% year-on-year, with net profit down by 8%, marking the first negative growth in its mid-year performance in five years [10][14]. - The company's core business segments, including electrical connections and smart electrical lighting, have also reported declines in revenue, with electrical connections down by 5.37% to 36.62 billion yuan and smart electrical lighting down by 2.78% to 40.94 billion yuan [8][9]. New Energy Sector - Despite a 33.52% year-on-year increase in revenue from new energy products, which amounted to 3.86 billion yuan, the overall contribution remains limited due to the small revenue base [10][11]. Product Quality Issues - Users have reported multiple quality issues with Bull Electric's new energy products, including charging abnormalities and service delays, leading to dissatisfaction and complaints [3][5][6]. - Specific complaints include a user experiencing damage to their vehicle's charging port attributed to a Bull Electric charging gun, with inadequate support from customer service [3][5]. Management Actions - Following the disappointing performance, Bull Electric's vice chairman, Ruan Xueping, announced a plan to sell up to 36.17 million shares, valued at over 1.6 billion yuan, raising concerns about management's confidence in the company's future [11][13].

2025年10月17日，公司将剩余尚未归还的19,827.50万元归还至募集资金专项账户，本次用于暂时补充流 动资金的闲置募集资金已全部归还至募集资金专项账户。公司已将上述归还情况告知保荐机构及保荐代 表人。 特此公告。 公牛集团股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 公牛集团股份有限公司（以下简称"公司"）于2024年12月26日召开的第三届董事会第七次会议、第三届 监事会第六次会议，审议通过了《关于继续使用部分闲置募集资金暂时补充流动资金的议案》，同意公 司在确保不影响募投项目建设和募集资金使用的情况下，使用不超过人民币2亿元暂时闲置募集资金补 充公司流动资金。使用期限为自公司第三届董事会第一次会议授权到期之日起12个月内，即2025年2月6 日至2026年2月5日。到期后，公司将及时归还至募集资金专用账户。此次使用部分闲置募集资金暂时补 充流动资金仅限于与主营业务相关的生产经营使用，不通过直接或间接安排用于新股配售、申购或用于 股票及其衍生品种、可转换公司债券等的交易，不进行证券投资等风险投资。本次 ...

证券代码：603195 证券简称：公牛集团 公告编号：2025-075 公牛集团股份有限公司 关于提前归还暂时补充流动资金的闲置募集资金的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 公牛集团股份有限公司（以下简称"公司"）于 2024 年 12 月 26 日召开的第 三届董事会第七次会议、第三届监事会第六次会议，审议通过了《关于继续使用 部分闲置募集资金暂时补充流动资金的议案》，同意公司在确保不影响募投项目 建设和募集资金使用的情况下，使用不超过人民币 2 亿元暂时闲置募集资金补充 公司流动资金。使用期限为自公司第三届董事会第一次会议授权到期之日起 12 个月内，即 2025 年 2 月 6 日至 2026 年 2 月 5 日。到期后，公司将及时归还至募 集资金专用账户。此次使用部分闲置募集资金暂时补充流动资金仅限于与主营业 务相关的生产经营使用，不通过直接或间接安排用于新股配售、申购或用于股票 及其衍生品种、可转换公司债券等的交易，不进行证券投资等风险投资。本次以 闲置募集资金暂时补充流动资金不会影响募集资金投资项 ...