惠达卫浴股份有限公司 外汇套期保值业务管理制度 河北·唐山 二零二六年三月 惠达卫浴股份有限公司 外汇套期保值业务管理制度 第一章 总则 第一条 为规范惠达卫浴股份有限公司（以下简称"公司"）的外汇套期保 值业务，防范和控制外币汇率风险，根据《中华人民共和国公司法》《中华人民 共和国证券法》《上市公司信息披露管理办法》《上海证券交易所股票上市规则》 《上海证券交易所上市公司自律监管指引第 1 号——规范运作》《上海证券交 易所上市公司自律监管指引第 5 号——交易与关联交易》等法律法规和规范性文 件及《惠达卫浴股份有限公司章程》（以下简称"《公司章程》"）等相关规定， 结合公司实际情况，特制定本制度。 第七条 公司进行外汇套期保值业务只允许与经国家外汇管理局和中国人民 银行批准、具有外汇套期保值业务经营资格的金融机构进行交易，不得与前述金 融机构之外的其他组织或个人进行交易。 第八条 公司进行外汇套期保值业务必须综合考虑公司外币收付款的预测、 对汇率变动的审慎判断、外币持有量的规模及资金周转等方面的因素。 第九条 公司以公司或子公司名义设立外汇套期保值业务账户，不得使用他 人账户进行外汇套期保值业务。 第二条 ...

证券代码：603385 证券简称：惠达卫浴 公告编号：2026-007 惠达卫浴股份有限公司 关于开展外汇套期保值业务的公告 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。 重要内容提示： 交易主要情况 | 交易目的 | □获取投资收益 √套期保值（合约类别：□商品；√外汇；□其他：________） | | | --- | --- | --- | | | □其他：________ | | | 交易品种 | 远期结售汇、外汇掉期、外汇期权或上述产品的组合 | | | 交易金额 | 预计动用的交易保证金和权利金 上限（单位：万元） | 3,000（含等值外币） | | | 预计任一交易日持有的最高合约 价值（单位：万元） | 30,000（含等值外币） | | 资金来源 | √自有资金 □借贷资金 □其他：___ | | | 交易期限 | 2026年3月11日至2027年3月10日 | | 已履行及拟履行的审议程序 惠达卫浴股份有限公司（以下简称"公司"）于 2026 年 3 月 11 日召开第七 届董事会第十次会议，审议通过《 ...

证券代码：603385 证券简称：惠达卫浴 公告编号：2026-005 惠达卫浴股份有限公司 虽然公司在授权额度范围内购买信誉好、规模大、经营效益好、资金运作能 力强的金融机构提供的安全性高、流动性好、风险可控的理财产品，但金融市场 受宏观经济的影响较大，不排除该项投资受到市场波动的影响，主要面临收益波 动风险、流动性风险等投资风险，投资的实际收益不可预期。 一、投资情况概述 （一）投资目的 关于使用闲置自有资金进行委托理财的公告 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。 重要内容提示： 基本情况 | 投资金额 | 不超过人民币 5 亿元 | | --- | --- | | 投资种类 | 银行、证券公司等信誉佳的金融机构发行的安全性高、流 动性好的中低风险等级的投资产品 | | 资金来源 | 自有资金 | 已履行及拟履行的审议程序 2026 年 3 月 11 日，惠达卫浴股份有限公司（以下简称"公司"）召开第 七届董事会第十次会议审议通过了《关于使用闲置自有资金进行委托理财的议 案》，同意公司使用最高不超过 5 亿元人民 ...

关于开展外汇套期保值业务的可行性分析报告 为有效规避和防范外汇市场的风险，降低汇率大幅波动对公司经营业绩造成 不利影响，增强财务稳健性。惠达卫浴股份有限公司（以下简称"公司"）于2026 年3月11日召开第七届董事会第十次会议，审议通过了《关于开展外汇套期保值业 务的议案》，同意公司与经监管机构批准、具有外汇套期保值业务经营资格的银行 等金融机构开展外汇套期保值业务。现将相关业务开展的可行性分析说明如下： 一、开展外汇套期保值业务的目的 为有效规避外汇市场的风险，防范汇率大幅波动对公司经营业绩造成不利影 响，提高外汇资金使用效率，公司拟开展外汇套期保值业务，旨在平抑外汇敞口风 险、合理降低财务费用、增强财务稳健性。 二、外汇套期保值业务的必要性和可行性 公司在充分保障日常经营性资金需求、不影响正常经营活动并有效控制风险 的前提下，使用闲置自有资金开展外汇套期保值业务，有利于提高公司应对外汇波 动风险的能力，防范汇率波动对公司经营带来的不利影响，具备必要性。 公司不进行单纯以盈利为目的的外汇套期保值业务，所有外汇套期保值业务 均以正常生产经营为基础，以套期保值为目的，不做投机性、套利性的交易操作， 资金使用安排 ...

证券代码：603385 证券简称：惠达卫浴 公告编号：2026-006 惠达卫浴股份有限公司 关于 2026 年度向银行申请综合授信额度的公告 为满足公司生产经营及业务发展需要，公司拟向银行申请合计不超过 30 亿 元的综合授信额度（含已生效未到期的额度），综合授信业务品种包括但不限于 流动资金贷款、项目资金贷款、资产抵押贷款、银行承兑汇票、国内证、保理、 保函、开立信用证、各类商业票据开立及贴现、国际贸易融资及衍生交易等，具 体业务品种最终以银行实际审批为准。前述授信额度不等于公司实际融资金额， 在授信额度范围内，以实际发生的融资金额为准。对于有效期内的相关授信业务 事项不再另行召开董事会进行审议，统一授权财务部门洽谈和办理相关事宜，授 权总经理（总裁）签署相关文件。 本次授信额度有效期为自本次董事会审议通过之日起 12 个月内。在授信期 限内，授信额度可循环使用。 公司本次申请银行综合授信额度是日常经营所需，有助于补充流动资金，有 利于公司业务发展，不会对公司的正常经营、财务状况以及经营成果带来不利影 响，不存在损害公司及全体股东利益的情形。 特此公告。 惠达卫浴股份有限公司董事会 2026 年 3 月 ...

证券代码：603385 证券简称：惠达卫浴 公告编号：2026-004 惠达卫浴股份有限公司 第七届董事会第十次会议决议公告 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。 一、董事会会议召开情况 （二）审议通过《关于 2026 年度向银行申请综合授信额度的议案》 具体内容详见公司同日披露的《关于 2026 年度向银行申请综合授信额度的 公告》（2026-006）。 表决结果：9 票同意、0 票反对、0 票弃权。 （三）审议通过《关于开展外汇套期保值业务的议案》 惠达卫浴股份有限公司（以下简称"公司"）第七届董事会第十次会议于 2026 年 3 月 11 日在公司会议室以现场结合通讯方式召开。会议通知和材料已于 2026 年 3 月 6 日发出。本次会议由董事长王彦庆先生召集并主持，应出席会议 的董事 9 名，实际出席会议董事 9 名，公司高级管理人员列席了本次会议。本次 董事会会议的召开及程序符合《公司法》《公司章程》的规定，所作决议合法有 效。 二、董事会会议审议情况 （一）审议通过《关于使用闲置自有资金进行委托理财的议案 ...

Core Viewpoint - The Chinese home furnishing industry is undergoing significant changes in 2025, with companies needing to adapt their strategies to meet evolving consumer demands for quality and health [1][3] Group 1: Health Technology Focus - The most notable change in 2025 is the shift in consumer decision-making from brand premium and basic functionality to tangible value enhancement, particularly health value [3] - Huida Sanitary Ware has launched the "Deep Shield" series featuring a "full waterway sterilization" system, extending health protection throughout the entire water usage chain [3] - Huida has established itself as the first company in the sanitary ware industry to standardize the "full waterway sterilization" technology, providing a basis for "healthy sanitary ware" [3][5] Group 2: Addressing Market Challenges - In the context of a saturated market, Huida's Deep Shield series has become a core growth engine in the high-end market due to its unique health technology advantages [5] - To tackle the challenges of the renovation market, Huida has introduced the "Quick Installation Magic Box" solution, promising kitchen and bathroom renovations within 2 to 7 days with a ten-year warranty [5][7] - The company is focusing on the elderly care market by developing a complete product ecosystem to address the full range of elderly bathroom needs [7] Group 3: Global Expansion and Standards - Huida is committed to quality as a foundation for global competition, achieving certifications from various international quality systems, including ETL, UPC, CE, and Watermark [7][9] - The company aims to promote global mutual recognition of technology and standards, transitioning from merely exporting products to achieving technical recognition and standard alignment [9] Group 4: Strategic Direction and Innovation - The sanitary ware industry is experiencing structural changes, and future competition will focus on professional depth, technological research, supply chain collaboration, and user experience [10] - Huida is concentrating on the smart toilet segment as a core growth point for the next five to ten years, reinforcing its strategic direction and product foundation [10][11] - The company is transitioning to become a "scene integrator" to meet complex consumer demands for functionality, aesthetics, and emotional connection [11]

Core Viewpoint - The news highlights the launch of a smart toilet facility in Harbin, designed by Huida Sanitary Ware in collaboration with JD.com, which has gained significant attention on social media for its innovative features and design [1][4]. Group 1: Product Features - The smart toilet facility offers a heated seat, automated cleaning experience, and is designed to provide comfort to users in cold weather, impressing both local and foreign visitors with its thoughtful design [3][9]. - The interior includes four independent toilet stalls, one of which is a gender-neutral, elderly-friendly stall equipped with safety handrails and anti-slip features, catering to the needs of elderly, disabled, and families with children [9][12]. - The facility also features a smart bathroom cabinet with a fog-free mirror and natural light simulation, enhancing the user experience even in high humidity conditions [12]. Group 2: Design and Concept - The design of the smart toilet is inspired by a "carriage" theme, integrating elements of Harbin's winter scenery and cultural heritage, making it a visually appealing landmark [6][7]. - The structure aims to be more than just a restroom; it is intended to be a warm and inviting space that encourages visitors to pause and enjoy the experience [7]. Group 3: Company Strategy and Vision - Huida Sanitary Ware's collaboration with JD.com represents a strategic move to extend its smart health bathroom concept from private homes to public urban spaces, addressing the diverse needs of travelers [14][15]. - The company has previously implemented similar projects in various cultural tourism locations, demonstrating its commitment to integrating smart health bathroom solutions into public settings [14][15]. - Huida aims to continue innovating in the smart bathroom sector, ensuring that health and comfort are accessible to all users, whether at home or on the go [17].

Core Insights - Recently, multiple departments released important lists involving intellectual property demonstration enterprises, manufacturing champions, specialized and innovative small and medium-sized enterprises, engineering technology research centers, and science and technology awards, with 28 bathroom enterprises listed, including Hengjie, Arrow, Huida, Dongpeng, Tino, Hanhigh, Rose Island, Laibotun, and Lidobang [1][2][3] Intellectual Property Demonstration Enterprises - Huida, Hengjie, and Tino were recognized as national intellectual property demonstration enterprises [1][2] - The announcement was made by the National Intellectual Property Administration on January 12 [1] Manufacturing Champions - Hanhigh was named a provincial manufacturing champion enterprise for 2025, while Hengjie was among the first batch of enterprises to pass the review [2][3] - The announcement was made by the Guangdong Provincial Department of Industry and Information Technology on December 29, 2025 [2] Specialized and Innovative SMEs - 20 bathroom enterprises were recognized as specialized and innovative small and medium-sized enterprises in Guangdong Province [3][4] - The announcement was made on January 12, with companies like Claudi, Rose Island, and Jingou being newly recognized, while others like Laibotun and Oubete passed the review [3][4] Engineering Technology Research Centers - Hengjie, along with two other companies, is proposed to be recognized as engineering technology research centers in Guangdong Province [5][6] - The announcement was made by the Guangdong Provincial Department of Science and Technology on January 19 [5] Science and Technology Award Nominations - Projects from Dongpeng and Arrow were nominated for the Guangdong Provincial Science and Technology Award [7][8] - The nomination includes Dongpeng's research on aging-friendly overall bathroom space and Arrow's technology for high-pressure injection molding of sanitary ceramics [7][8]

Core Viewpoint - Solid growth in core business is essential for companies to navigate through economic cycles [1] Performance Growth Highlights - **XianDao Intelligent (300450)**: Expected net profit of 150 million to 180 million, a year-on-year increase of 424.29% to 529.15% due to recovery in global battery demand and internal digital transformation [6] - **YongChuang Intelligent (603901)**: Expected net profit of 12.8 million to 15.5 million, a year-on-year increase of 721.57% to 894.86% driven by improved delivery efficiency and product structure optimization [7] - **DaoShi Technology (300409)**: Expected net profit growth of 206.01% to 269.76% due to increased production capacity and recovery in cobalt prices [8] - **FuDa Alloy (603049)**: Expected net profit growth of 119.14% to 219.95% supported by stable demand in power equipment and new energy sectors [9] - **ZhaoJin Gold (000506)**: Expected net profit of 12.2 million to 18.2 million, a turnaround from a loss of 127 million last year, driven by increased production and rising gold prices [10] - **SiTeWei (688213)**: Expected net profit of 97.635 million to 103.053 million, a year-on-year increase of 149% to 162% due to increased shipments of smartphone camera products [11] - **ZhongWei Semiconductor (688380)**: Expected net profit of around 28.4 million, a year-on-year increase of approximately 107.55% due to new product launches [12] - **Hunan Gold (002155)**: Expected net profit of 127 million to 160.8 million, a year-on-year increase of 50% to 90% driven by rising sales prices [13] - **NanFang Precision (002553)**: Expected net profit of 30 million to 37 million, a year-on-year increase of 1,130% to 1,417% due to investment project evaluations [14] - **Shanghai YiZhong (688091)**: Expected net profit of 6 million to 7 million, a year-on-year increase of 760.18% to 903.54% due to inclusion in the national medical insurance directory [15] - **RunTu Co., Ltd. (002440)**: Expected net profit of 60 million to 70 million, a year-on-year increase of 181.05% to 227.89% driven by improved operating profits [16] Major Performance Changes - **HeFu China (603122)**: Expected net loss of 36 million to 25 million, a shift from profit due to changes in the macro environment and industry policies [17] - **ChangJiu Logistics (603569)**: Expected net loss of 75 million to 50 million, a shift from profit due to asset impairment and operational challenges [18] - **ZhiChun Technology (603690)**: Expected net loss of 45 million to 30 million, a shift from profit due to increased competition and rising R&D costs [19] - **BaYi Steel (600581)**: Expected net loss of 205 million to 185 million, a shift from profit due to supply-demand imbalance in the steel industry [20] - **AoKeMa (600336)**: Expected net loss of 22 million to 17 million, a shift from profit due to increased competition in the home appliance sector [21] - **HuiDa Sanitary Ware (603385)**: Expected net loss of 21.6 million to 18 million, a shift from profit due to market demand decline [22] - **DongFeng Co. (600006)**: Expected net loss of 48 million to 39 million, a shift from profit due to competitive pressures in the commercial vehicle market [23] Industry Trend Analysis - **High Growth Industries**: Stable demand in new energy sectors benefits companies like FuDa Alloy [24] - **Performance Changes in Industries**: - New energy and lithium battery equipment sectors are experiencing explosive growth [25] - Gold and precious metals sectors are seeing significant profit improvements due to high prices [26] - Semiconductor and automotive electronics are benefiting from trends in smart vehicles [27] - Medical circulation is under pressure from cost control policies [28] - Logistics and transportation are facing profitability challenges due to falling prices [29] - Semiconductor equipment is experiencing short-term performance declines due to cyclical fluctuations [30] - Traditional manufacturing sectors like steel and home appliances are facing intensified competition [31]