Group 1 - The small home appliance sector increased by 0.32% on September 11, with Ecovacs leading the gains [1] - The Shanghai Composite Index closed at 3875.31, up 1.65%, while the Shenzhen Component Index closed at 12979.89, up 3.36% [1] - Key stocks in the small home appliance sector showed varied performance, with Ecovacs closing at 100.45, up 3.74%, and other notable stocks like Beikong and Supor experiencing minor declines [1][2] Group 2 - The small home appliance sector saw a net outflow of 173 million yuan from institutional investors, while retail investors contributed a net inflow of 174 million yuan [2] - Specific stocks like Supor and Beiyi experienced mixed capital flows, with Supor having a net inflow of 10.51 million yuan from institutional investors [3] - The overall trend indicates a divergence in capital flow, with institutional investors pulling back while retail investors increased their positions [2][3]

Meeting Overview - The fourth temporary shareholders' meeting of Zhejiang Biyi Electric Co., Ltd. was held on September 10, 2025, at the company's conference room in Ningbo, Zhejiang Province [2][3] - The meeting was convened by the board of directors and was presided over by the chairman, Wen Jiwang, using a combination of on-site and online voting methods, complying with the Company Law and the company's articles of association [2][3] Resolutions Passed - Three resolutions were reviewed and passed during the meeting: 1. Amendment to the Articles of Association and handling of business registration changes [3][4] 2. Cancellation of the Supervisory Board and abolition of the Supervisory Meeting Rules [3][4] 3. Revision of several governance systems of the company [3][4] - The first resolution was a special resolution, requiring more than two-thirds of the voting rights held by attending shareholders to pass, while the second and third resolutions were ordinary resolutions, requiring more than half [4] Legal Compliance - The meeting was witnessed by Zhejiang Yangming Law Firm, with lawyers Jian Li and Lou Xin confirming that the convening and procedures of the meeting complied with legal regulations and the company's articles of association [4] Employee Director Election - On the same day, the company held its second employee representative assembly, where Jin Xiaohong was elected as the employee director of the second board of directors [6][10] - Jin Xiaohong, previously a non-independent director, will now serve as the employee director, with her term lasting until the end of the current board's term [6][10] Qualifications of Employee Director - Jin Xiaohong meets all legal and regulatory requirements for the position of director and does not fall under any disqualifying conditions as per the Company Law and the Shanghai Stock Exchange listing rules [7][10]

证券日报网讯9月10日晚间，比依股份（603215）发布公告称，公司于2025年9月10日召开2025年第二次 职工代表大会，经与会职工代表选举并审议，同意选举金小红女士为公司第二届董事会职工董事。 ...

Core Viewpoint - The fundraising amount for Biyih Holdings has decreased significantly, raising concerns about the company's financial health and operational challenges, particularly in the context of rising debt and declining net profits despite increasing revenues [1][3]. Group 1: Fundraising and Financial Performance - Biyih Holdings announced a reduction in its fundraising target from 624 million yuan to no more than 482 million yuan, a decrease of 142 million yuan or 23% [1]. - The company reported a revenue of 1.157 billion yuan for the first half of 2025, a year-on-year increase of 34.53%, while net profit fell by 21.04% to 53.71 million yuan [3][5]. - In 2024, the company achieved a revenue of 2.059 billion yuan, up 32% year-on-year, but the net profit dropped by 31% to 140 million yuan [3][5]. Group 2: Cost Structure and Debt Levels - The decline in net profit is attributed to increased expenses related to new product molds and adjustments in customer product structures, alongside rising sales and management costs [5]. - Sales expenses surged by 73.71% in 2024, reaching approximately 29.99 million yuan, with significant increases in e-commerce platform promotion fees [5]. - The company's asset-liability ratio has risen sharply from 34.37% at the end of 2022 to 61.52% by mid-2025, indicating a notable increase in leverage [6]. Group 3: Market Opportunities and R&D Investment - The global small appliance market is projected to grow from 133.65 billion USD in 2024 to 170.33 billion USD by 2029, with a compound annual growth rate of 4.97% [7]. - Biyih Holdings is actively investing in R&D, with expenditures of approximately 69.45 million yuan in 2024, a 7.01% increase year-on-year, and 31.59 million yuan in the first half of 2025, a 6.31% increase [8][9]. - The company has obtained 353 patents and is focusing on AI-driven cooking algorithms to enhance product quality and expand its market presence [9][10].

证券代码：603215 证券简称：比依股份 公告编号：2025-055 根据《公司法》《上市公司章程指引》等法律法规和规范性文件及《公司章 程》的相关规定，浙江比依电器股份有限公司（以下简称"公司"）董事会成员 中应包含一名职工董事。 金小红女士作为公司第二届董事会非独立董事，其任职资格符合相关法律法 规、行政法规、规范性文件对董事任职资格的要求，不存在《公司法》《上海证 券交易所股票上市规则》及《公司章程》等规定的不得担任公司董事的情形。 本次选举后，金小红女士将调整为公司第二届董事会职工董事，公司第二届 董事会成员不变。 浙江比依电器股份有限公司 2025 年第二次职工代表大会决议公告 本公司董事会及全体董事保证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、准确性和完整性依法承担法律责任。 浙江比依电器股份有限公司（以下简称"公司"）于 2025 年 9 月 10 日召开 2025 年第二次职工代表大会，选举公司职工董事。本次会议的召集、召开符合 《中华人民共和国公司法》的有关规定，经决议通过如下事项： 一、审议通过了《关于选举金小红女士作为公司第二届董事会职工董事的 议案》 ...

关于选举职工董事的公告 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。 根据《公司法》《上市公司章程指引》等法律法规和规范性文件及《公司章 程》的相关规定，浙江比依电器股份有限公司（以下简称"公司"）董事会成员 中应包含一名职工董事。 证券代码：603215 证券简称：比依股份 公告编号：2025-056 浙江比依电器股份有限公司 金小红女士，1968 年出生，中国国籍，无永久境外居留权，本科学历。现 任公司职工董事兼财务总监。金小红女士 1997 年至 2001 年任宁波金得基发展有 限公司财务部经理；2001 年至今先后任公司财务部经理、监事、非独立董事和 财务总监。 特此公告。 浙江比依电器股份有限公司董事会 2025 年 9 月 11 日 职工董事简历： 公司于 2025 年 9 月 10 日召开 2025 年第二次职工代表大会，经与会职工代 表选举并审议，同意选举金小红女士为公司第二届董事会职工董事（简历附后）， 任期自本次职工代表大会审议通过之日起至公司第二届董事会任期届满之日止。 金小红女士原为公司第二届董事会非 ...

证券代码：603215 证券简称：比依股份 公告编号：2025-054 本次会议是否有否决议案：无 浙江比依电器股份有限公司 2025年第四次临时股东会决议公告 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。 重要内容提示： 一、 会议召开和出席情况 (一)股东会召开的时间：2025 年 9 月 10 日 (二)股东会召开的地点：浙江省宁波市余姚市城区经济开发区城东新区俞赵江路 88 号公司会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 86 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 123,439,100 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 65.6773 | (四)表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 本次会议由公司董事会召集，采用现场投票和网络投票相结合的方式，现场 会议由公司董事长闻继望先生主持，符合《公司法》及《 ...

浙江阳明律师事务所 关于 关 于 浙江比依电器股份有限公司 浙江比依电器股份有限公司 2025 年第四次临时股东会的 法律意见书 浙江阳明律师事务所 （ZHEJIANG YANGMING LAW FIRM） 浙江余姚市南雷南路 298 号合力大厦北楼 16 楼 315400 电话：0574-6272 4297 传真：0574-6271 9499 http://www. yangminglf.com 浙江阳明律师事务所 2025 年第四次临时股东会的 法律意见书 根据《中华人民共和国证券法》（以下简称"《证券法》"）、《中华人民共 和国公司法》（以下简称"《公司法》"）和中国证券监督管理委员会关于《上市 公司股东会规则》（以下简称"《股东会规则》"）等法律、法规和其他有关规范 性文件的要求，浙江阳明律师事务所（以下简称"本所"）接受浙江比依电器股份 有限公司（以下简称"比依股份"或"公司"）的委托，指派律师出席公司 2025 年 第四次临时股东会（以下简称"本次股东会"），并出具本法律意见书。 本法律意见书仅为贵公司 2025 年第四次临时股东会之目的使用。本所律师 同意将本法律意见书随公司本次股东会其他信息披 ...

Core Viewpoint - Despite significant revenue growth, the net profit of Biyi Co., Ltd. continues to decline, and the fundraising amount for its private placement project has been reduced from 624 million yuan to no more than 482 million yuan [1][5]. Financial Performance - In the first half of 2025, Biyi Co., Ltd. achieved an operating income of 1.157 billion yuan, a year-on-year increase of 34.53%, while net profit was 53.71 million yuan, a year-on-year decrease of 21.04% [2][9]. - The company's asset-liability ratio has increased from 34.37% at the end of 2022 to 61.52% by the end of the first half of 2025 [2][14]. Fundraising and Investment Projects - The total investment for the fundraising project remains unchanged at 807 million yuan, but the amount to be raised has decreased by 142 million yuan, approximately 23% [2][6]. - The funds are intended for the construction of the "Zhongyi Industrial Park Smart Kitchen Appliances Project (Phase II)," which aims to enhance production capacity and strengthen the company's core competitiveness [3][4]. Performance Assessment - Biyi Co., Ltd. has struggled to meet performance targets set for 2023-2025, with revenue and net profit growth rates not reaching the required benchmarks [8][10]. - The company has experienced a decline in gross margin, with rates of 21.21%, 15.55%, and 14.36% for 2023, 2024, and the first half of 2025, respectively [10]. Inventory Management - The book value of inventory has increased significantly, reaching 338 million yuan in the first half of 2025, a year-on-year growth of 66.85% [13]. - The company acknowledges that further increases in inventory could adversely affect operational performance if not managed effectively [12].

Core Viewpoint - The company, Zhejiang Biyi Electric Co., Ltd., is expanding its production capacity through a new fundraising project aimed at enhancing its smart kitchen appliance manufacturing capabilities, with significant market growth potential in the small home appliance sector [2][3]. Fundraising Project and Capacity Analysis - The fundraising project, "Zhongyi Industrial Park Smart Kitchen Appliance Construction Project (Phase II)," aims to establish automated production lines and a vertical warehouse, with a target annual production capacity of 15 million units of air fryers, air ovens, and environmental appliances [2]. - The project plans to raise no more than 624.375 million yuan, with an overall construction period of three years, and is expected to achieve an average annual revenue of 1.618 billion yuan and an average annual net profit of 166.19 million yuan, with a gross profit margin of 17.91% [2]. - The global small appliance market is steadily growing, with a market size of 243.31 billion USD in 2022, projected to reach 323.66 billion USD by 2028. The air fryer/air oven market is expected to grow from 3.71 billion USD in 2024 to 10 billion USD by 2032, with a compound annual growth rate of 13.18% [2]. Competitive Landscape - The small appliance market is highly competitive, with Biyi holding an 8.0% market share in air fryer sales in 2022. The company has competitive advantages due to its quality customer resources and technological innovation capabilities [2][3]. - Competitors like Liren Technology, Xiaoxiong Electric, and Xinbao Co., Ltd. are also expanding their capacities and investing in smart and digital production [3]. Previous Fundraising Project Status - The previous fundraising project faced changes in land use planning, leading to a reallocation of funds towards the current smart kitchen appliance project. The first phase of the project is nearing completion, expected to be operational by October 2025, while the second phase is 75% complete and expected to be operational by October 2026 [4]. Business and Operational Analysis - The company's revenue for the reporting period was 1.499 billion yuan, 1.559 billion yuan, 2.059 billion yuan, and 530 million yuan, with net profits of 178 million yuan, 201 million yuan, 139 million yuan, and 15 million yuan, respectively. The gross profit margins were 19.48%, 20.81%, 15.41%, and 13.07% [5]. - Revenue growth is primarily driven by increased sales of air fryers and air ovens, while net profit fluctuations are influenced by declining gross margins and increased e-commerce promotion costs. The company’s performance trends are consistent with comparable industry peers [5]. - The company’s competitive advantages include customer resources, technological innovation, and supply chain strengths, although its ODM/OEM business model presents certain disadvantages. To mitigate risks associated with declining gross margins, the company is enhancing customer communication, targeting high-margin clients, and advancing new product development [5]. Other Relevant Matters - During the reporting period, the company made joint investments with related parties in several ventures, ensuring fair pricing and compliance with decision-making procedures. The company has adjusted its fundraising total to 482.475 million yuan after accounting for financial investments [7].