南财智讯1月30日电，科沃斯公告，预计2025年全年归属于上市公司股东的净利润为17亿元—18亿元， 同比预增110.90%—123.30%；预计2025年全年归属于上市公司股东的扣除非经常性损益的净利润为16 亿元—17亿元，同比预增123.40%—137.36%；主要变动原因为：（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。 ...

1月30日，科沃斯公告称，预计2025年归属于上市公司股东的净利润为17亿元至18亿元，同比增加 110.90%至123.30%。报告期内，公司通过创新引领产品升级、聚焦中高价格带、开拓新市场、发展新 品类等举措推动收入增长；同时优化全链路运营成本，提升毛利率和经营利润率；此外，对外投资公允 价值提升带动非经常性损益增加。 （文章来源：每日经济新闻） ...

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。 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%。 （二）业绩预告情况 1、经财务部门初步测算，预计公司 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 ...

格隆汇1月30日｜科沃斯(603486.SH)公告称，预计2025年归属于上市公司股东的净利润为17亿元-18亿 元，同比增加110.90%-123.30%。报告期内，公司通过创新引领产品升级、聚焦中高价格带、开拓新市 场、发展新品类等举措推动收入增长；同时优化全链路运营成本，提升毛利率和经营利润率；此外，对 外投资公允价值提升带动非经常性损益增加。 ...

Group 1 - The small home appliance sector experienced a decline of 1.22% on January 30, with Hongzhi Technology leading the drop [1] - The Shanghai Composite Index closed at 4117.95, down 0.96%, while the Shenzhen Component Index closed at 14205.89, down 0.66% [1] - Notable gainers in the small appliance sector included Fujia Co., which rose by 2.58% to a closing price of 18.68, and Rainbow Group, which increased by 1.92% to 23.33 [1] Group 2 - The small home appliance sector saw a net outflow of 123 million yuan from main funds, while retail investors contributed a net inflow of 105 million yuan [2] - Key stocks with significant fund flows included Feike Shiqi, which had a main fund net inflow of 8.34 million yuan, and Delmar, which saw a net inflow of 6.38 million yuan [3] - Conversely, Hongzhi Technology experienced a main fund net inflow of 739,500 yuan, but also had a significant retail net inflow of 610,200 yuan [3]

1月30日消息，追觅科技创始人兼CEO俞浩发布多条微博称"科沃斯大量购买水军"。他直言，我们以前 那么多黑子黑粉黑稿怎么来的？答案很明显。 "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。" "原来某些友商是这样用社交媒体的。恶心！" 据俞浩发布的图片显示，在追觅内容的评论区下，出现夸赞科沃斯的内容。 责任编辑：李思阳 1月30日消息，追觅科技创始人兼CEO俞浩发布多条微博称"科沃斯大量购买水军"。他直言，我们以前 那么多黑子黑粉黑稿怎么来的？答案很明显。 "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。" "原来某些友商是这样用社交媒体的。恶心！" 据俞浩发布的图片显示，在追觅内容的评论区下，出现夸赞科沃斯的内容。 责任编辑：李思阳 ...

转债代码：113633 转债简称：科沃转债 证券代码：603486 证券简称：科沃斯 公告编号：2026-019 科沃斯机器人股份有限公司 关于"科沃转债"可选择回售结果的公告 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： ● 本次回售申报期内无投资者进行回售申报，无须办理向投资者支付回售资金等 后续业务事项，本次回售已完成。 一、本次可转债回售的公告情况 科沃斯机器人股份有限公司（以下简称"公司"）于2026年1月14日披露了《关 于"科沃转债"可选择回售的公告》（公告编号：2026-007），并分别于2026年1月 15日、2026年1月16日、2026年1月19日、2026年1月20日、2026年1月21日、2026年1 月22日、2026年1月23日、2026年1月26日、2026年1月27日披露了关于"科沃转债" 可选择回售的提示性公告（公告编号分别为2026-008、2026-009、2026-010、2026- 011、2026-013、2026-015、2026-016、2026-017、20 ...

Core Viewpoint - Beijing BlueFocus Data Technology Group Co., Ltd. (BlueFocus) is preparing for a dual listing on the A+H stock markets, leveraging its position as a leading cross-border marketing agency for Chinese brands [2][26]. Group 1: Company Overview - BlueFocus was founded in 1996 and became the largest marketing communication group in China after its A-share listing in 2010, currently boasting a market capitalization of over 74.46 billion yuan [5][26]. - The company operates three main business segments: cross-border marketing, domestic integrated marketing, and domestic full-service advertising [5][27]. Group 2: Business Performance - In 2024, BlueFocus's revenue is projected to reach 60.8 billion yuan, with cross-border marketing services contributing 48.33 billion yuan, accounting for 79.5% of total revenue [5][31]. - The company has seen a compound annual growth rate of 28.7% in revenue from 2022 to 2024, with revenue increasing from 36.68 billion yuan in 2022 to 60.8 billion yuan in 2024 [8][31]. Group 3: Profitability Challenges - Despite significant revenue growth, BlueFocus faces a "growth without profit" dilemma, with a projected net loss of 297 million yuan in 2024 and a declining gross margin from 4.7% in 2022 to 2.5% in 2024 [4][31]. - The average annual spending per customer in the cross-border marketing segment has decreased from 472,000 yuan in 2022 to approximately 323,000 yuan in 2025, indicating a trend of increasing customer numbers but declining individual spending [32][36]. Group 4: Strategic Initiatives - BlueFocus is investing in AI transformation, with its proprietary Blue AI engine processing vast amounts of data and generating marketing intelligence, although AI-driven revenue is currently only about 2.5 billion yuan, less than 4% of total revenue [12][37]. - The company aims to enhance its AI capabilities and expand its global business network through the funds raised from the upcoming IPO [37]. Group 5: Historical Context and Leadership - The founder, Zhao Wenquan, has played a pivotal role in the company's evolution from a public relations firm to a comprehensive marketing group, with a history of aggressive acquisitions since 2013 [38][41]. - BlueFocus has accumulated approximately 3 billion yuan in goodwill due to its acquisition strategy, which poses risks if the performance of acquired subsidiaries does not meet expectations [41][43].

证券代码：603486 证券简称：科沃斯 公告编号：2026-018 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 关于"科沃转债"可选择回售的第九次提示性公告 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： 公司的股票自2025年12月1日至2026年1月13日连续三十个交易日的收盘价格低于 本公司可转换公司债券（以下简称"科沃转债"）当期转股价格的70%，且"科沃转 债"处于最后两个计息年度。根据《科沃斯机器人股份有限公司公开发行A股可转换 公司债券募集说明书》（以下简称《募集说明书》）的约定，"科沃转债"的有条件 回售条款生效。 现依据《上市公司证券发行注册管理办法》《可转换公司债券管理办法》《上海 证券交易所股票上市规则》和《募集说明书》的约定，就回售有关事项向全体"科沃 1 ● 回售价格：100.26元人民币/张（含当期应计利息、含税） ● 回售期：2026年1月21日至2026年1月27日 ● 回售资金发放日：2026年1月30日 ● 回售期内"科沃转债"停止转股 ● 本次回 ...

Investment Rating - The report maintains an "Outperform" rating for the home appliance industry [3] Core Insights - The home appliance sector's fund holding ratio remains low at 2.40% for Q4 2025, with a slight increase of 0.08 percentage points from the previous quarter, which is still at a low level compared to historical data since 2010 [6][9] - The white goods segment saw an increase in holdings, while the vacuum cleaner segment experienced a reduction in allocation [17][21] - There is a divergence in northbound holdings, with some companies like Hisense Home Appliances and Bull Group seeing increases, while others like Vatti and Roborock saw declines [42] Summary by Sections Home Appliance Sector Fund Holding Ratio - The fund holding ratio for the home appliance sector in Q4 2025 is 2.40%, ranking 12th among all sectors, with a cumulative increase of 4.09% in the CITIC home appliance index, also ranking 12th in absolute returns [6][9][14] White Goods Increase and Vacuum Cleaner Reduction - The fund holding ratios for sub-segments in Q4 2025 are as follows: white goods at 1.88% (+0.24 percentage points), small appliances at 0.71% (+0.08 percentage points), upstream appliances at 0.27% (-0.16 percentage points), black goods at 0.08% (-0.03 percentage points), kitchen appliances at 0.03% (-0.01 percentage points), and lighting at 0.03% (stable) [17][21] Northbound Holdings Divergence - The northbound holdings for the home appliance sector showed mixed results in Q4 2025, with increases for Hisense Home Appliances (+0.78 percentage points), Bull Group (+0.41 percentage points), and Yitian Smart (+0.41 percentage points), while declines were noted for Vatti (-2.31 percentage points), Roborock (-1.69 percentage points), and XGIMI (-1.47 percentage points) [42][44] Investment Recommendations - The report recommends leading white goods companies such as Midea Group, Haier Smart Home, Gree Electric Appliances, and Hisense Home Appliances, as well as TV leader Hisense Visual and cleaning appliance leaders Roborock and Ecovacs [57]