2月1日上午消息，近日，追觅科技创始人兼CEO俞浩在社交媒体发文，喊话科沃斯："要买水军黑粉啥 的，管理水平也应该提高提高啊。" 俞浩表示，"不是说好，朴实无华的商战，应该是互相浇浇发财树的嘛？怎么搞这一套。我发出来的还 是最轻的，那些一模一样买来黑我们的我就不发了。不过，要买水军黑粉啥的，管理水平也应该提高提 高啊。这种作弊太容易被发现了呀。不会用chatgpt嘛，至少要求每个人的评论话术各不相同啊。难道还 是说要买的水军太多了，把能用的话术都用光了！" 据俞浩发布的图片显示，在多条社交媒体发帖内容的评论区内出现内容相同且夸赞科沃斯的内容，内容 为"3000多块入手科沃斯T80s，用了半年，一点毛病没有，太值了。" 2月1日上午消息，近日，追觅科技创始人兼CEO俞浩在社交媒体发文，喊话科沃斯："要买水军黑粉啥 的，管理水平也应该提高提高啊。" 俞浩表示，"不是说好，朴实无华的商战，应该是互相浇浇发财树的嘛？怎么搞这一套。我发出来的还 是最轻的，那些一模一样买来黑我们的我就不发了。不过，要买水军黑粉啥的，管理水平也应该提高提 高啊。这种作弊太容易被发现了呀。不会用chatgpt嘛，至少要求每个人的评论话术各不 ...

Investment Rating - The report indicates a cautious outlook for the home appliance sector, with a recommendation to focus on leading companies that exhibit low valuations, high dividends, and stable growth potential [5][10]. Core Insights - The home appliance sector underperformed compared to the Shanghai and Shenzhen 300 Index, with a decline of 2.4% in the appliance index while the broader index rose by 1.1% [5][6]. - Major companies like Opple Lighting, Boss Electric, and Midea Group showed positive performance, while companies like Ecovacs, Lek Electric, and Huaxiang suffered significant declines [5][8]. - Production data for major appliances in February 2026 revealed substantial year-on-year declines, with air conditioner production down 31.6%, refrigerators down 17%, and washing machines down 3.2% [10][11]. - The report highlights three main investment themes: 1. **Dividend Play**: Leading white and black appliance companies are characterized by low valuations and high dividend yields, providing a safety margin and growth potential [5]. 2. **Technology Transition**: Key component manufacturers are diversifying into emerging tech sectors such as robotics and semiconductor cooling, indicating a shift in business strategy [5]. 3. **Export Opportunities**: Major appliance firms are well-positioned in global markets, with production bases in various regions to mitigate trade risks and capitalize on demand in emerging markets [5]. Industry Dynamics - The report notes a significant drop in production for major appliances in February 2026, with air conditioners at 11.49 million units, refrigerators at 6 million units, and washing machines at 6.3 million units, all showing declines compared to the previous year [10]. - The report also mentions a planned acquisition by Minexplosion Optoelectronics, which aims to purchase a 49% stake in Xiamen Maida and a 51% stake in cash, with a total consideration not exceeding 250 million yuan [11]. Data Observations - Sales data for cleaning appliances in December 2025 showed an increase in volume but a decrease in revenue and average price, with robotic vacuum sales up 29.11% but revenue down 2.14% [34]. - Personal care products like hair dryers saw a decline in sales volume and revenue, while electric shaver sales revenue increased despite a drop in volume [40][41]. Macro Economic Environment - As of January 30, 2026, the USD to RMB exchange rate showed a decrease of 0.87% since the beginning of the year, indicating potential impacts on import costs for raw materials [47]. Company Announcements - Ecovacs announced a bond buyback option, with no investors opting for the buyback during the specified period, indicating confidence in the company's stock performance [63]. - Other companies like Aojiahua and Foshan Lighting provided profit forecasts indicating significant declines in net profits for 2025, reflecting broader industry challenges [60][64].

Investment Rating - The report maintains a positive outlook on the home appliance sector, particularly recommending leading companies in the white and black goods categories due to their low valuations, high dividends, and stable growth potential [5][11]. Core Insights - The home appliance sector underperformed compared to the Shanghai and Shenzhen 300 Index, with a decline of 2.4% in the home appliance index while the broader index rose by 1.1% [5][6]. - Production data for major home appliances in February 2026 shows significant year-on-year declines: air conditioners down 31.6%, refrigerators down 17%, and washing machines down 3.2% [11][12]. - The report highlights the resilience of leading companies in the face of international trade fluctuations and emphasizes the growth potential in emerging markets [5][11]. Summary by Sections Industry Performance - The home appliance sector index decreased by 2.4%, while the Shanghai and Shenzhen 300 Index increased by 1.1% [5][6]. - Key companies such as Opple Lighting, Boss Electric, and Midea Group showed gains, while companies like Ecovacs and Lek Electric faced significant declines [5][8]. Production Data - February 2026 production figures indicate a total of 11.49 million air conditioners produced, a 31.6% decrease from the previous year; 6 million refrigerators, down 17%; and 6.3 million washing machines, down 3.2% [11][12]. Company Developments - Minexplosion Optoelectronics announced plans to acquire a 49% stake in Xiamen Maida and a cash purchase of 51% stake in Xiamen Precision, with a total cash consideration not exceeding 250 million yuan [12]. Market Trends - The report notes a year-on-year increase in sales of cleaning appliances, with robotic vacuum sales up 29.11% in December 2025, although sales revenue decreased by 2.14% [35][40]. - Personal care products showed mixed results, with hairdryer sales down 26.36% but electric shaver sales revenue up by 1.78% [42][45]. Investment Opportunities - The report identifies three main investment themes: 1. Leading white and black goods companies with low valuations and high dividends [5]. 2. Core component manufacturers expanding into new technology sectors [5]. 3. Companies like Ecovacs and Roborock benefiting from strong demand for cleaning appliances [5][11]. Economic Environment - As of January 30, 2026, the USD to RMB exchange rate has decreased by 0.87% since the beginning of the year [50][51]. - Retail sales in December 2025 showed a slight increase of 0.86% year-on-year, while disposable income for urban residents rose by 4.27% [52][53]. Regulatory Developments - Shenzhen's three-year action plan aims to enhance the consumption environment, promoting smart home products and digital consumption [73][75]. - The plan encourages the integration of artificial intelligence in home appliances and aims to boost home renovation and smart home adoption [75][76].

证券代码：603486 证券简称：科沃斯 公告编号：2026-020 转债代码：113633 转债简称：科沃转债 科沃斯机器人股份有限公司 2025年年度业绩预增公告 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： ● 本期业绩预告适用于实现盈利，且净利润与上年同期相比上升50%以上的情形。 二、上年同期业绩情况 （一）利润总额90,204.97万元。归属于母公司所有者的净利润：80,608.71万元。归属于母公司所有者的 扣除非经常性损益的净利润：71,621.32万元。 ● 科沃斯机器人股份有限公司（以下简称"公司"）预计2025年年度实现归属于母公司所有者的净利润 170,000万元到180,000万元，与上年同期相比将增加89,391.29万元到99,391.29万元，同比增加110.90% 到123.30%。归属于母公司所有者的扣除非经常性损益的净利润160,000万元到170,000万元，与上年同 期相比将增加88,378.68万元到98,378.68万元，同比增加123.40%到137.36%。 ...

经济观察网科沃斯（603486）公告，预计2025年年度实现归属于母公司所有者的净利润17亿元到18亿 元，与上年同期相比将增加8.94亿元到9.94亿元，同比增加110.90%到123.30%。归属于母公司所有者的 扣除非经常性损益的净利润16亿元到17亿元，与上年同期相比将增加8.84亿元到9.84亿元，同比增加 123.40%到137.36%。 ...

凤凰网科技讯 1月30日，追觅科技创始人兼CEO俞浩在社交平台连发多条动态，控诉友商科沃斯 （603486）雇佣水军抹黑追觅。 对此，俞浩连发多条博文吐槽"科沃斯大量购买水军"。他表示："我最近刷到大量这种莫名其妙的评 论……""原来某些友商是这样用社交媒体的。""还有之前我们直播的时候，有组织地系统性地冲进来， 刷某些抹黑的话，把我们直播间搞崩。""我们以前那么多黑子黑粉黑稿怎么来的？答案很明显。" 此外，据俞浩发出的最新截图显示，在追觅扫地机创新发布会预告的视频下，也有网友发出了同样的评 论："3000多块入手科沃斯T80s，用了半年，一点毛病没有，太值了。" 根据俞浩晒出的图片显示，有网友发视频纪念自己入职追觅两个月，接着有网友评论称："3000多块入 手科沃斯T80s，用了半年，一点毛病没有，太值了。" ...

Group 1 - Guangdong Mingzhu expects a net profit increase of 2908.49%-3577.04% year-on-year for 2025 [1] - Sainuo Medical anticipates a net profit growth of 2767%-3233% year-on-year for 2025 [1] - Lingdian Electric Control forecasts a net profit rise of 640.16%-804.64% year-on-year for 2025 [1] - Bojie Co. predicts a net profit increase of 484.16%-618.97% year-on-year for 2025 [1] - Kexing Pharmaceutical expects a net profit growth of 328.83%-455.89% year-on-year for 2025 [1] - Xiangcai Co. anticipates a net profit increase of 266.41%-403.81% year-on-year for 2025 [1] - Xinyi Sheng forecasts a net profit rise of 231.24%-248.86% year-on-year for 2025 [1] - Tongzhou Electronics predicts a net profit increase of 151.40%-230.42% year-on-year for 2025 [1] - Zhaofeng Co. expects a net profit growth of 136.26%-164.89% year-on-year for 2025 [1] - Kaige Precision Machinery anticipates a net profit increase of 133.99%-193.55% year-on-year for 2025 [1] - Sankeshu forecasts a net profit rise of 128.96%-189.21% year-on-year for 2025 [1] - Huazi Industrial expects a net profit growth of 128.00%-167.00% year-on-year for 2025 [1] - Zhite New Materials anticipates a net profit increase of 117.11%-171.39% year-on-year for 2025 [1] - Ecovacs expects a net profit growth of 110.90%-123.30% year-on-year for 2025 [1] - Jingquan Hua forecasts a net profit increase of 109.32%-140.72% year-on-year for 2025 [1] - Guoxuan High-Tech anticipates a net profit rise of 107.16%-148.59% year-on-year for 2025 [1] - Changjiang Securities expects a net profit growth of 101.37% year-on-year for 2025 [1] - Shanwaishan forecasts a net profit increase of 98%-125% year-on-year for 2025 [1] - Zhongji Xuchuang anticipates a net profit rise of 89.50%-128.17% year-on-year for 2025 [1] - Huachuang Yuxin expects a net profit growth of 86%-175% year-on-year for 2025 [1] - Kori Technology forecasts a net profit increase of 68.61%-115.25% year-on-year for 2025 [1] - Western Gold anticipates a net profit rise of 67.58%-93.21% year-on-year for 2025 [1] - Shandong Gold expects a net profit growth of 56%-66% year-on-year for 2025 [1] - Huaxi Biological anticipates a net profit increase of 54.93%-83.63% year-on-year for 2025 [1] - Nairui Radar expects a net profit growth of approximately 54.16% year-on-year for 2025 [1] - Lingyun Optical anticipates a net profit rise of approximately 50.75% year-on-year for 2025 [1] - Zhongjin Company expects a net profit increase of 50%-85% year-on-year for 2025 [1] - Dongwu Securities forecasts a net profit growth of 45%-55% year-on-year for 2025 [1] - Longping High-Tech anticipates a net profit increase of 14.17%-66.86% year-on-year for 2025 [1] Group 2 - Jiangfeng Electronics expects a net profit increase of 7.5%-27.5% year-on-year for 2025 [2]

Group 1 - Yuehongyuan A announced the transfer of 45% equity in Hongxi Mining for 22.37 million yuan, aiming to optimize its business and promote transformation, expecting a positive impact on financial results with an estimated gain of over 22 million yuan [2] - Wanhua Chemical plans to increase capital by 19.086 billion yuan to its wholly-owned subsidiary Wanhua Olefins, consolidating its carbon two industry operations to enhance competitiveness [3] - Huayou Cobalt signed a cooperation framework agreement to build an integrated battery industry chain project in Indonesia, aiming to establish the country as a production base for electric vehicle batteries [4] Group 2 - Gansu Energy reported that the first batch of wind turbines for its 1 million kW green electricity aggregation pilot project has been connected to the grid, contributing to over 10% of the company's expected installed capacity by the end of 2025 [5] - Lingyi Zhizao completed the acquisition of 35% equity in Liminda for 875 million yuan, gaining control over 52.78% of voting rights, making Liminda a subsidiary [6] - Tianqi Lithium's third-phase expansion project for chemical-grade lithium concentrate produced its first batch of qualified products, enhancing raw material supply for its lithium chemical production bases [7] Group 3 - Ecovacs expects a net profit of 1.7 billion to 1.8 billion yuan for 2025, a year-on-year increase of 110.90% to 123.30% due to product upgrades and cost optimization [9] - Cambrian anticipates a turnaround with a net profit of 1.85 billion to 2.15 billion yuan for 2025, a significant increase in revenue driven by operational improvements [10] - China Southern Airlines expects a net profit of 800 million to 1 billion yuan for 2025, recovering from a loss of 1.696 billion yuan in the previous year [11] Group 4 - Shandong Gold forecasts a net profit of 4.6 billion to 4.9 billion yuan for 2025, a year-on-year increase of 56% to 66% due to improved production efficiency and rising gold prices [16] - Perfect World expects a net profit of 720 million to 760 million yuan for 2025, recovering from a loss of 1.288 billion yuan, driven by successful game launches and cost reductions [17] - CICC anticipates a net profit of 8.542 billion to 10.535 billion yuan for 2025, a year-on-year increase of 50% to 85% due to strong performance in investment banking and wealth management [18] Group 5 - *ST Songfa expects a net profit of 2.4 billion to 2.7 billion yuan for 2025, recovering from a loss of 76.64 million yuan, attributed to a major asset restructuring [19] - New Hope predicts a net loss of 1.5 billion to 1.8 billion yuan for 2025, down from a profit of 473.6 million yuan, impacted by fluctuations in the pig market [20] - 360 expects a net profit of 213 million to 318 million yuan for 2025, turning around from a loss, driven by increased investment income from equity method accounting [21]

格隆汇1月30日丨科沃斯(603486.SH)公布，公司预计2025年年度实现归属于母公司所有者的净利润17亿 元到18亿元，与上年同期相比将增加8.94亿元到9.94亿元，同比增加110.90%到123.30%。归属于母公司 所有者的扣除非经常性损益的净利润16亿元到17亿元，与上年同期相比将增加8.84亿元到9.84亿元，同 比增加123.40%到137.36%。 本期业绩预增的主要原因：(一)报告期内，公司通过创新引领产品升级、聚焦中高价格带、积极开拓新 市场，线上线下并重以及大力发展新品类等综合举措，实现国内外业务收入规模持续稳步增长。报告期 内，公司在国内外中高端市场占有率提升显著，海外业务占比进一步扩大，新品类已形成规模效应，为 公司后续实现进一步多元增长奠定了坚实的基础。(二)公司以经营质量为本，持续聚焦全链路运营成本 优化和效率提升，推动报告期内毛利率和经营利润率的显著提升。(三)报告期内，公司参与对外投资公 司的公允价值显著提升，带动公司非经常性损益的同比增加。 ...

本期业绩预增的主要原因：(一)报告期内，公司通过创新引领产品升级、聚焦中高价格带、积极开拓新 市场，线上线下并重以及大力发展新品类等综合举措，实现国内外业务收入规模持续稳步增长。报告期 内，公司在国内外中高端市场占有率提升显著，海外业务占比进一步扩大，新品类已形成规模效应，为 公司后续实现进一步多元增长奠定了坚实的基础。(二)公司以经营质量为本，持续聚焦全链路运营成本 优化和效率提升，推动报告期内毛利率和经营利润率的显著提升。(三)报告期内，公司参与对外投资公 司的公允价值显著提升，带动公司非经常性损益的同比增加。 格隆汇1月30日丨科沃斯(603486.SH)公布，公司预计2025年年度实现归属于母公司所有者的净利润17亿 元到18亿元，与上年同期相比将增加8.94亿元到9.94亿元，同比增加110.90%到123.30%。归属于母公司 所有者的扣除非经常性损益的净利润16亿元到17亿元，与上年同期相比将增加8.84亿元到9.84亿元，同 比增加123.40%到137.36%。 ...