Core Insights - The article emphasizes that smart lighting has evolved beyond basic visual needs to become a key component in enhancing quality of life and promoting energy efficiency in modern urban development [1] - The smart lighting market is rapidly growing due to advancements in IoT and LED technologies, with projections indicating a market size of 54.7 billion yuan in China by 2025 [1][8] - The integration of AI and big data will lead to higher levels of intelligence in smart lighting, enabling personalized and adaptive lighting solutions [1] Smart Lighting Industry Overview - Smart lighting refers to the intelligent control of lighting systems using technologies such as computer processing, wireless communication, and energy-efficient control devices [3] - It features functions like brightness adjustment, soft start, timing control, and scene setting, achieving safety, energy savings, comfort, and efficiency [3] Smart Lighting Industry Policies - The Chinese government has introduced various policies to support the development of the smart lighting industry, recognizing its role in smart city frameworks [4][5] - Recent initiatives include the Ministry of Industry and Information Technology's focus on smart home applications, including smart lighting [5] Smart Lighting Industry Value Chain - The upstream of the smart lighting value chain includes raw material suppliers and communication technology providers, while the midstream consists of related equipment and platforms [5] - The downstream applications cover smart homes, office and commercial spaces, public facilities, and automotive lighting [5] Smart Lighting Industry Development Trends - The industry is expected to see deeper integration with IoT, AI, big data, and edge computing, transitioning from simple lighting control to comprehensive environmental sensing and adaptive regulation [12] - There is a growing focus on health and personalized experiences, with smart lighting systems designed to cater to individual needs and preferences [13] - Sustainability will be a core principle, with a focus on low-carbon solutions throughout the product lifecycle, including the use of eco-friendly materials and energy-efficient designs [14] Key Companies in Smart Lighting Industry - Opple Lighting Co., Ltd. focuses on green energy-efficient smart lighting solutions and has seen a revenue decline of 3.92% in the first half of 2025, with a revenue of 3.183 billion yuan [10] - Sanan Optoelectronics Co., Ltd. reported a revenue increase of 16.55% in the first three quarters of 2025, reaching 13.817 billion yuan, and is involved in semiconductor materials and LED technology [11]

Core Viewpoint - The announcement details the achievement of the unlocking conditions for the second restricted stock incentive plan of Opple Lighting, allowing 9 eligible participants to unlock a total of 44,040 shares [2][8][12]. Summary by Sections 1. Stock Incentive Plan Implementation Overview - The stock incentive plan was approved by the board on March 3, 2023, and the relevant management measures were established [2][3]. - The list of incentive participants was publicly disclosed from March 4 to March 13, 2023, with no objections raised during the public notice period [3]. - The first extraordinary general meeting of shareholders approved the plan on April 12, 2023 [3]. - Adjustments to the plan were made and approved on May 4, 2023, with a total of 271 participants receiving 6,538,000 shares after some participants voluntarily forfeited their shares [4][6]. 2. Conditions for Unlocking Restricted Stocks - The second unlocking period for the reserved stock grant began on January 1, 2026, after the completion of the registration on January 2, 2024, and lasts until the last trading day within 36 months [7]. - The board confirmed that all conditions for unlocking the second reserved stock grant have been met, allowing 9 participants to unlock 44,040 shares [8][12]. 3. Participants and Share Details - A total of 9 participants are eligible to unlock 44,040 shares, which represents 0.01% of the company's total share capital [11]. - The number of shares has been adjusted to exclude those from participants who did not meet the unlocking conditions, totaling 254,460 shares that were repurchased and canceled [9][11]. 4. Board and Legal Opinions - The board's remuneration and assessment committee reviewed the unlocking conditions and confirmed that they have been met, recommending the necessary actions for unlocking the shares [12]. - Legal opinions from Tongli Law Firm affirm that the unlocking of restricted stocks has received the necessary approvals and complies with relevant laws and regulations [13].

（文章来源：证券日报） 证券日报网讯 2月10日，欧普照明发布公告称，公司于 2026 年 2 月 10 日召开的第五届董事会第十次会 议审议通过了《关于 2023 年限制性股票激励计划预留授予部分第二个限售期解锁条件成就的议案》， 公司《2023 年限制性股票激励计划》授予限制性股票预留授予部分第二个解锁期解锁条件已经成就。 ...

证券代码：603515 证券简称：欧普照明 公告编号：2026-002 欧普照明股份有限公司 关于 2023 年限制性股票激励计划预留授予部分 第二个限售期解锁条件成就的公告 2、2023 年 3 月 4 日，公司在上海证券交易所网站（www.sse.com.cn）及公 司内部对激励对象名单进行了公示，公示时间为 2023 年 3 月 4 日至 2023 年 3 月 13 日。公示期限内，公司监事会未收到任何组织或个人提出的异议。此外， 公司监事会对本次激励计划激励对象名单进行了核查，并公告了《监事会关于公 司 2023 年限制性股票激励计划激励对象名单审核及公示情况的说明》。 3、2023 年 4 月 12 日，公司 2023 年第一次临时股东大会审议并通过了《关 于<欧普照明股份有限公司 2023 年限制性股票激励计划（草案）>及其摘要的议 案》《关于<欧普照明股份有限公司 2023 年限制性股票激励计划实施考核管理办 法>的议案》《关于提请股东大会授权董事会办理公司 2023 年限制性股票激励计 划有关事宜的议案》。 4、2023 年 5 月 4 日，公司第四届董事会第十一次会议和第四届监事会第九 次会 ...

Investment Rating - The report maintains a positive outlook on the home appliance industry, particularly for major players in the white goods sector, indicating a favorable investment environment for 2025 [3][5][6]. Core Insights - The home appliance sector is expected to benefit from the continuation of the "trade-in" policy and improvements in overseas production capacity, leading to enhanced profitability in the supply chain [2][5]. - The report highlights three main investment themes: 1. **Dividend**: Major white and black appliance companies are characterized by low valuations, high dividends, and stable growth, providing a high margin of safety and significant elasticity in stock prices [6][7]. 2. **Technology**: Core component manufacturers are transitioning into emerging tech fields such as robotics and semiconductor cooling, seeking cross-industry growth [7]. 3. **Export**: Recovery in export demand and sustained domestic sales of new products, particularly in the small appliance sector, are expected to drive growth [7]. Summary by Sections 1. White Goods and Components - In 2025, the air conditioning sector is projected to produce 195.37 million units, a 3% year-on-year decline, while sales are expected to reach 198.39 million units, down 1% year-on-year, with domestic sales increasing by 1% [5][13]. - The average price of white goods is declining due to high base effects from the trade-in policy, with air conditioning prices dropping by 13% year-on-year [23][24]. 2. Kitchen Appliances - The kitchen appliance sector is experiencing a recovery driven by real estate and trade-in policies, with online sales of range hoods and gas stoves increasing by 7.9% and 1.7% respectively in 2025 [33][34]. - Major companies like Boss Electric and Vatti are leveraging trade-in policies to boost sales, with Boss Electric maintaining a leading market share in range hoods [35][36]. 3. Small Appliances - The small appliance sector is seeing a revival due to the trade-in policy, with significant growth in cleaning appliances, although overall market consumption remains subdued [6][7]. - Companies like Roborock and Ecovacs are expected to benefit from high demand for new products, with projected revenue growth of 34% and 12% respectively in Q4 2025 [5][7]. 4. New Displays and Lighting - The emerging display sector is at a turning point, while the lighting industry is anticipated to see growth as it awaits market recovery [6][7]. - Companies like Hisense and OP Lighting are expected to experience revenue declines in Q4 2025, with projections of -10% and -2% respectively [6][7]. 5. Investment Highlights - The report recommends a combination of leading white goods companies such as Haier, Midea, and Gree, along with Hisense, as they are currently undervalued and offer stable growth prospects [6][7]. - The report also emphasizes the importance of component manufacturers adapting to new technologies and markets, with companies like Huaxiang and Sanhua expected to see significant growth in their respective sectors [7][29][30].

SHANGHAI hanahai 200120 PR 上海市通力律师事务所关于欧普照明股份有限公司 2023 年限制性股票激励计划预留授予限制性股票 第二个解除限售期解除限售条件成就相关事宜之法律意见书 致:欧普照明股份有限公司 敬启者: 上海市通力律师事务所(以下简称"本所")受欧普照明股份有限公司(以下简称"欧普 照明"或"公司")委托,指派本所夏青、茹秋乐律师(以下合称"本所律师")作为公司特聘 专项法律顾问,根据《中华人民共和国公司法》(以下简称"《公司法》")、《中华人民共和 国证券法》(以下简称"《证券法》")、中国证券监督管理委员会(以下简称"中国证监会") 发布的《上市公司股权激励管理办法》(以下简称"《管理办法》")等法律、行政法规以及其 他规范性文件(以下简称"法律、法规以及规范性文件")、《欧普照明股份有限公司章程》(以 下简称"《公司章程》")以及《欧普照明股份有限公司 2023 年限制性股票激励计划》(以下 简称"《激励计划》")的有关规定,就公司 2023 年限制性股票激励计划(以下简称"本次股 权激励计划")预留授予限制性股票第二个解除限售期解除限售条件成就(以下简称"本次解 除 ...

Core Viewpoint - The quality supervision inspection results for fixed general lighting fixtures (without power adapters) in Hainan Province for Q4 2025 show that all 15 batches tested met the required standards, indicating a high level of product compliance in the market [2]. Group 1: Inspection Results - The inspection was conducted by the Hainan Provincial Market Supervision Administration, and all products tested were found to be compliant with standards [2]. - The inspection adhered to various standards including GB 7000.1—2015, GB 7000.201—2008, GB/T 7000.1—2023, and GB/T 7000.201—2023, covering aspects such as marking, structure, wiring, grounding, protection against electric shock, dust and solid foreign object protection, waterproofing, insulation resistance, and electrical strength [2]. Group 2: Product Details - The inspected products included various models of LED ceiling lights and fixed lighting fixtures from different manufacturers, all of which passed the quality checks [2]. - Notable brands included CDN, FSL, MLS, OPPLE, NVC, and BULL, with specifications ranging from 12W to 36W and operating voltages of 220V to 240V [2].

Group 1 - The core viewpoint of the article is that Opple Lighting (603515) is actively deepening its global presence and has successfully exported its products to EU member countries [1] Group 2 - The company encourages investors to pay attention to its periodic reports for details on overseas operations and sales models [1]

Group 1 - The core viewpoint of the article is that Opple Lighting (603515.SH) is actively deepening its global layout, with existing products already exported to EU member countries [1] - The company encourages stakeholders to pay attention to its periodic reports for details on overseas operations and sales models [1]

Group 1 - The company, Opple Lighting (603515.SH), is actively deepening its global layout and has successfully exported its products to EU member countries [1] - Investors are encouraged to pay attention to the company's periodic reports for details on overseas operations and sales models [1]