宁波德昌电机股份有限公司（以下简称"公司"）于2025年8月7日收到上海 证券交易所（以下简称"上交所"）出具的《关于受理宁波德昌电机股份有限公 司沪市主板上市公司发行证券申请的通知》（上证上审（再融资）【2025】237 号）。上交所依据相关规定对公司报送的沪市主板上市公司发行证券的募集说明 书及相关申请文件进行了核对，认为申请文件齐备，符合法定形式，决定予以受 理并依法进行审核。 公司本次向特定对象发行 A 股股票事项尚需经上交所审核通过并报中国证 券监督管理委员会（以下简称"中国证监会"）同意注册后方可实施。最终能否 通过上交所审核并获得中国证监会同意注册的决定及其时间尚存在不确定性。公 司将根据上述事项的进展情况，严格按照有关规定及时履行信息披露义务，敬请 广大投资者注意投资风险。 特此公告。 宁波德昌电机股份有限公司 董事会 2025 年 8 月 9 日 证券代码：605555 证券简称：德昌股份 公告编号：2025-033 宁波德昌电机股份有限公司 关于向特定对象发行 A 股股票申请获得上海证券交易所受理的公告 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 ...

股票简称：德昌股份 股票代码：605555 宁波德昌电机股份有限公司 Ningbo Dechang Electrical Machinery Made Co., Ltd. （注册地址：浙江省宁波市余姚市凤山街道东郊工业园区永兴东路 18 号） 2025年度向特定对象发行A股股票 募集说明书 （申报稿） 保荐人（主承销商） 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 二〇二五年七月 宁波德昌电机股份有限公司 2025 年度向特定对象发行 A 股股票募集说明书 声 明 本公司及全体董事、监事、高级管理人员承诺募集说明书及其他信息披露资 料不存在任何虚假记载、误导性陈述或重大遗漏，并对其真实性、准确性及完整 性承担相应的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人保证募集说明书中会计 资料真实、完整。 中国证券监督管理委员会、上海证券交易所对本次发行所作的任何决定或意 见，均不表明其对申请文件及所披露信息的真实性、准确性、完整性作出保证， 也不表明其对发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断 或保证。任何与之相反的声明均属虚假不实陈述。 根据《证券法》的规定，证券依法 ...

中信证券股份有限公司 关于 宁波德昌电机股份有限公司 2025 年度向特定对象发行 A 股股票 之 上市保荐书 保荐人（主承销商） 广东省深圳市福田区中心三路8号卓越时代广场（二期）北座 二〇二五年七月 宁波德昌电机股份有限公司 上市保荐书 声 明 中信证券股份有限公司（以下简称"中信证券""保荐人"）接受宁波德昌 电机股份有限公司（以下简称"德昌股份""发行人"或"公司"）的委托，担 任其 2025 年度向特定对象发行 A 股股票的保荐人。 中信证券股份有限公司及保荐代表人根据《公司法》《证券法》《上市公司 证券发行注册管理办法》等有关法律、法规、中国证监会及上海证券交易所的有 关规定，诚实守信，勤勉尽责，严格按照依法制订的业务规则、行业执业规范和 道德准则出具上市保荐书，并保证所出具文件的真实性、准确性、完整性。 在本上市保荐书中，除上下文另有所指，释义与《宁波德昌电机股份有限公 司 2025 年度向特定对象发行 A 股股票募集说明书》相同。 3-2-1 | 目 | 录 2 | | --- | --- | | 第一节 | 发行人基本情况 4 | | | 一、发行人概况 4 | | | 二、主营业务介绍 4 ...

中信证券股份有限公司 关于 宁波德昌电机股份有限公司 2025年度向特定对象发行A股股票 保荐人（主承销商） 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 二〇二五年七月 之 发行保荐书 声 明 中信证券股份有限公司（以下简称"中信证券"或"保荐人"）接受宁波德 昌电机股份有限公司（以下简称"德昌股份""发行人"或"公司"）的委托， 担任宁波德昌电机股份有限公司 2025 年度向特定对象发行股票的保荐人，为本 次发行出具发行保荐书。 保荐人及指定的保荐代表人根据《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》"）《上市公司 证券发行注册管理办法》（以下简称"《管理办法》"）等有关法律、法规和中 国证券监督管理委员会、上海证券交易所的有关规定，诚实守信，勤勉尽责，严 格按照依法制订的业务规则、行业执业规范和道德准则出具发行保荐书，并保证 所出具文件的真实性、准确性和完整性。 本次发行保荐代表人主要执业情况如下： 方灏，现任本保荐人投资银行管理委员会副总裁，保荐代表人。具有 8 年投 资银行工作经验，曾先后负责或参与柯力传感 IPO、卫星石化非公开发 ...

宁波德昌电机股份有限公司 审计报告及财务报表 二○二四年度 6-1-1 宁波德昌电机股份有限公司 审计报告及财务报表 （2024 年 01 月 01 日至 2024 年 12 月 31 日止） | | 目录 | 页次 | | --- | --- | --- | | 一、 | 审计报告 | 1-5 | | 二、 | 财务报表 | | | | 合并资产负债表和母公司资产负债表 | 1-4 | | | 合并利润表和母公司利润表 | 5-6 | | | 合并现金流量表和母公司现金流量表 | 7-8 | | | 合并所有者权益变动表和母公司所有者权益变动表 | 9-12 | | | 财务报表附注 | 1-92 | 6-1-2 审计报告 信会师报字[2025]第 ZA11376 号 宁波德昌电机股份有限公司全体股东： 一、 审计意见 我们审计了宁波德昌电机股份有限公司（以下简称德昌股份）财 务报表，包括 2024 年 12 月 31 日的合并及母公司资产负债表，2024 年度的合并及母公司利润表、合并及母公司现金流量表、合并及母公 司所有者权益变动表以及相关财务报表附注。 我们认为，后附的财务报表在所有重大方面按照企业会 ...

北京市中伦律师事务所 关于宁波德昌电机股份有限公司 2025 年度向特定对象发行 A 股股票的 法律意见书 二〇二五年七月 北京 • 上海 • 深圳 • 广州 • 成都 • 武汉 • 重庆 • 青岛 • 杭州 • 南京 • 海口 • 香港 • 东京 • 伦敦 • 纽约 • 洛杉矶 • 旧金山 • 阿拉木图 Beijing • Shanghai • Shenzhen • Guangzhou • Chengdu • Wuhan • Chongqing • Qingdao • Hangzhou • Nanjing • Haikou • Hong Kong • Tokyo • London • New York • Los Angeles • San Francisco • Almaty | 释 | 义 | 6 | | --- | --- | --- | | 正 | 文 | 7 | | 一、 | | 本次发行的批准和授权 7 | | 二、 | | 本次发行的主体资格 7 | | 三、 | | 本次发行的实质条件 7 | | 四、 | | 发行人的独立性 10 | | 五、 | | 发行人的股东及实际控制人 10 | ...

证券之星消息，8月8日小家电板块较上一交易日下跌0.0%，ST德豪领跌。当日上证指数报收于3635.13， 下跌0.12%。深证成指报收于11128.67，下跌0.26%。小家电板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 301187 | 欧圣电气 | 31.64 | 2.79% | 7.80万 | 2.45亿 | | 002705 | 新宝股份 | 15.53 | 2.17% | 15.91万 | 2.47亿 | | 003023 | 彩虹集团 | 25.02 | 1.75% | 12.27万 | 3.03亿 | | 870199 | 倍益康 | 42.58 | 1.38% | 11.34万 | 5.25亿 | | 002242 | 九阳股份 | 10.15 | 0.59% | 3.84万 | 3875.85万 | | 300272 | 开能健康 | 7.15 | 0.56% | 16.23万 | 1.16亿 | | 001259 | 利仁科技 | 27.50 | 0 ...

Summary of Key Points from the Conference Call Industry Overview - The home appliance industry is experiencing significant growth potential in emerging markets, which account for 67% of the global population but only 32% of home appliance retail sales, indicating a substantial opportunity for growth [1][2][4] Core Insights and Arguments - **Emerging Market Growth**: Emerging markets are expected to be a key growth driver for the home appliance industry, with a notable increase in demand for air conditioners, refrigerators, and washing machines due to low penetration rates compared to developed countries [1][2][5] - **Air Conditioner Market**: The air conditioner market is growing rapidly, closely linked to GDP per capita. Countries with GDP per capita reaching $3,000 or $6,000 show significant increases in penetration rates [1][7] - **Export Recovery**: China's home appliance exports are gradually recovering from tariff impacts, with a notable increase in exports to Southeast Asia, Latin America, and the U.S. [1][8] - **Domestic Market Growth**: The domestic market is experiencing steady growth driven by the "trade-in for new" policy, with air conditioner shipments increasing by 8% and washing machines showing double-digit growth in the first five months of 2025 [1][9] Competitive Landscape - **Market Dynamics**: The competitive landscape is stabilizing, with Xiaomi's market share leveling off and major players like Midea and Gree adjusting their product structures [3][12] - **Small Appliances Growth**: The small appliance market, particularly for robotic vacuum cleaners and floor washers, continues to show high growth, with companies like Ecovacs reporting revenue and profit growth exceeding expectations [3][13] Investment Recommendations - **Focus on Dividend Stocks**: Investment strategies should focus on companies with strong dividend yields such as Gree, Midea, Haier, and Hisense, which have dividend rates exceeding 4% [3][15] - **Export Opportunities**: Companies in the export sector, particularly in small appliances and black electronics, are recommended for investment due to their growth potential in emerging markets and the U.S. [3][16][19] Additional Important Insights - **Impact of National Subsidies**: The national subsidy policy has led to structural growth in the domestic market, with significant price increases observed [1][9][14] - **Long-term Potential of Robotic Vacuums**: The robotic vacuum segment is viewed as a long-term growth area due to its strong growth potential and limited impact from domestic subsidy policies [3][17] - **Advantages of OEMs**: OEMs like New Bao and Dechang are positioned well in the global market due to scarce overseas production capacity, which enhances their competitiveness in exports to the U.S. [3][19]

Market Overview - On August 6, the small home appliance sector rose by 0.66% compared to the previous trading day, with ST Dehao leading the gains [1] - The Shanghai Composite Index closed at 3633.99, up 0.45%, while the Shenzhen Component Index closed at 11177.78, up 0.64% [1] Stock Performance - ST Dehao (002005) closed at 2.71, with a gain of 5.04%, trading volume of 269,600 shares, and a transaction value of 71.73 million yuan [1] - Dechang Co. (605555) closed at 17.50, up 3.86%, with a trading volume of 141,300 shares and a transaction value of 245 million yuan [1] - Yanshida (002403) closed at 16.23, up 3.77%, with a trading volume of 642,100 shares and a transaction value of 1.052 billion yuan [1] - Other notable stocks include Feike Electric (603868) at 39.13 (+2.97%) and Ousheng Electric (301187) at 31.72 (+2.55%) [1] Capital Flow - The small home appliance sector experienced a net outflow of 74.19 million yuan from institutional investors, while retail investors saw a net inflow of 164 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Individual Stock Capital Flow - Dechang Co. (605555) had a net inflow of 31.29 million yuan from institutional investors, but a net outflow of 24.54 million yuan from speculative funds [3] - Ousheng Electric (301187) saw a net inflow of 19.85 million yuan from institutional investors, while retail investors had a net outflow of 20.49 million yuan [3] - ST Dehao (002005) had a net inflow of 8.79 million yuan from institutional investors, but also saw outflows from both speculative and retail investors [3]

Market Overview - On August 1, the small home appliance sector experienced a slight decline of 0.03% compared to the previous trading day, with BeiYikang leading the drop [1] - The Shanghai Composite Index closed at 3559.95, down 0.37%, while the Shenzhen Component Index closed at 10991.32, down 0.17% [1] Stock Performance - The following stocks in the small home appliance sector showed notable performance: - Liren Technology (001259) closed at 26.78, up 2.41% with a trading volume of 13,100 and a turnover of 34.74 million [1] - Delmar (301332) closed at 11.02, up 2.23% with a trading volume of 70,300 and a turnover of 77.14 million [1] - Other stocks like BeiQingSong (688793) and KaiNeng Health (300272) also saw increases of 2.02% and 2.01% respectively [1] Capital Flow - The small home appliance sector saw a net outflow of 71.78 million from institutional investors, while retail investors contributed a net inflow of 70.39 million [2] - Specific stocks experienced varied capital flows: - KaiNeng Health (300272) had a net inflow of 14.57 million from institutional investors, but a net outflow of 11.92 million from speculative funds [2] - Feike Electric (603868) saw a net inflow of 8.88 million from institutional investors, but also faced a net outflow from retail investors [2]