证券代码：605555 证券简称：德昌股份 公告编号：2025-057 宁波德昌电机股份有限公司 关于募投项目结项并将节余募集资金永久补充流动资金的公告 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： 本次结项的募投项目名称：年产 150 万台家电产品生产线技术改造项 目 本次节余金额为 2,657.17 万元（含理财、利息收入净额以及尚未结 算支付的项目款，最终转出金额以资金转出当日银行结算余额为准），下一步 使用安排是将节余募集资金永久补充流动资金，用于公司日常生产经营。 本事项已经公司第三届董事会第二次会议审议通过，无需提交至公司 股东会审议。 一、募集资金基本情况 2021 年 9 月 17 日，经中国证券监督管理委员会证监许可〔2021〕3062 号文 《关于核准宁波德昌电机股份有限公司首次公开发行股票的批复》核准，公司公 开发行人民币普通股（A 股）总量为 50,000,000.00 股，每股面值 1.00 元，每 股发行价格 32.35 元，募集资金总额为人民币 1,617,500,000.00 ...

第三届董事会第二次会议决议公告 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： 一、董事会会议召开情况 宁波德昌电机股份有限公司（以下简称"公司"）第三届董事会第二次会议 于2025年12月30日以现场结合通讯方式在公司会议室召开。本次董事会已于2025 年12月27日以电子邮件、电话等方式通知全体董事、高级管理人员。会议由董事 长黄裕昌先生主持，会议应出席董事7人，实际出席董事7人。本次会议的召集和 召开符合《公司法》等有关法律法规及《公司章程》、《董事会议事规则》的规 定。 二、董事会会议审议情况 （一）审议通过《关于募投项目结项并将节余募集资金永久补充流动资金 的议案》 具体内容详见公司同日披露于上海证券交易所网站（www.sse.com.cn）的《关 于募投项目结项并将节余募集资金永久补充流动资金的公告》（公告编号： 2025-057） 证券代码：605555 证券简称：德昌股份 公告编号：2025-056 宁波德昌电机股份有限公司 三、备查文件 1、《第三届董事会第二次会议决议》 2、《2025 年第八 ...

Group 1 - The core point of the article is that 德昌股份 (Dechang Co., Ltd.) has completed its project for the technical transformation of a production line capable of producing 1.5 million home appliance products annually, and the project is now in a state of readiness for use [1] - The company plans to conclude this project and will permanently supplement its working capital with the remaining raised funds amounting to 26.5717 million yuan, subject to the actual amount transferred from the fundraising account to its own funds account on the day of transfer [1]

Core Insights - The report emphasizes the strong resilience of leading white goods companies, highlighting their high dividend yields, with Gree Electric at 7.3%, Midea Group at 5.1%, Hisense Home Appliances at 4.9%, and Haier Smart Home at 4.6% [6][22] - The "Home Appliance +" strategy indicates opportunities in extending the appliance industry into robotics, with companies like Midea Group and Fuhua Co. making significant advancements [6][58] - The export market shows potential, particularly in the U.S. real estate sector, with expectations of demand recovery due to anticipated interest rate cuts and housing stimulus policies [6][70] Section Summaries 2025 Home Appliance Review - The home appliance index has shown a modest increase of 7.7% year-to-date, underperforming the CSI 300 index by approximately 9.7 percentage points [11][14] - The market style in 2025 has favored growth stocks, while the home appliance sector has leaned towards value, leading to a mismatch in market expectations [13][14] - The public fund allocation in the home appliance sector is at a historical low of 2.94%, indicating potential for future growth as external demand remains optimistic [18][19] Dividends - Leading white goods companies maintain high dividend yields, with Gree Electric at 7.3%, Supor at 6.1%, and Midea Group at 5.1%, reflecting strong earnings resilience [24][29] - The report suggests that the dividend rates for companies like Midea and Haier may continue to increase, supported by robust profit growth [24][30] Domestic Sales - The national subsidy policy has positively impacted consumer confidence, with a clear trend towards structural upgrades in appliance consumption [34] - The sales growth of home appliances has been driven by the "trade-in" policy, although growth rates have shown a declining trend in the latter part of the year [34][39] - The air conditioning market has maintained stable pricing, with a continued trend towards mid-to-high-end products [39] "Home Appliance +" - Midea Group has made significant investments in robotics, with humanoid robots already in practical application within factories [58] - Fuhua Co. is expected to launch its grain storage robots in 2026, indicating a diversification into new growth areas [59] - Key component manufacturers like Huaxiang Co. and Hanyu Group are positioned to benefit from the robotics trend, focusing on core components such as reducers and harmonic drives [64][65] Exports - The U.S. real estate market is expected to recover, with potential interest rate cuts and housing stimulus policies likely to boost demand for home appliances [71][84] - Retail inventory levels in the U.S. are high, which may affect sales performance in the short term, but long-term housing demand remains strong [76][83] - The report anticipates that if mortgage rates fall below 6%, there could be a significant recovery in demand within the real estate chain [84]

Group 1 - The small home appliance sector increased by 0.6% compared to the previous trading day, with Ousheng Electric leading the gains [1] - The Shanghai Composite Index closed at 3965.12, showing no change, while the Shenzhen Component Index closed at 13604.07, up by 0.49% [1] - Key stocks in the small home appliance sector showed varied performance, with Ousheng Electric rising by 8.11% to a closing price of 27.59 [1] Group 2 - The small home appliance sector saw a net inflow of 11.36 million yuan from main funds, while retail investors experienced a net outflow of 20.32 million yuan [2] - The stock performance of various companies indicated a mixed trend, with some stocks like Ousheng Electric and Dechang Co. showing significant gains, while others like Beiyikang and Feimiao Electric faced declines [2][3] - The main fund inflows were led by companies such as Yuan Shida and Dechang Co., while retail investors predominantly withdrew from these stocks [3]

Group 1 - Shareholder Zhang Yu of Kehua Holdings plans to reduce his stake by up to 3%, amounting to no more than 5.83 million shares within three months [1] - Shanghai Ailu has signed a strategic cooperation agreement with Southern Road Machinery to provide packaging products for the dry-mixed mortar industry [2] - Xingyuan Zhuomei appointed Gong Chunming as the new deputy general manager [3] Group 2 - Tongyi Zhong's shareholder has set a preliminary transfer price of 15.47 yuan per share for a total of 4.27 million shares [4] - Anada's shareholder did not implement the planned share reduction of up to 2% by the deadline [5] - Rongchang Bio plans to repurchase shares worth between 20 million to 40 million yuan at a price not exceeding 95 yuan per share [6] Group 3 - Hainan Airport reported an 8.16% year-on-year increase in passenger throughput for November, totaling 2.09 million passengers [7] - Lanjian Intelligent plans to apply for a bank credit line of up to 1.2 billion yuan for various financial operations [8] - Xinlei Co. received a total of 561.43 million yuan in land acquisition and compensation payments [9] Group 4 - Foster reported a surplus of 321 million yuan from four fundraising projects, which will be used to supplement working capital [10] - China Southern Airlines experienced a 10.42% year-on-year increase in passenger turnover for November [12] - China National Airlines reported a 10.1% year-on-year increase in passenger turnover for November [17] Group 5 - Sanyou Chemical plans to register and issue mid-term notes not exceeding 1.3 billion yuan [18] - Quanyuan Spring used 60 million yuan of idle funds to purchase structured deposits [19] - Su Keng Agricultural Development appointed Zou Yi as the new deputy general manager [20] Group 6 - Jingneng Real Estate received approval to register mid-term notes totaling up to 2 billion yuan [21] - Dechang Co. received approval from the CSRC for a targeted issuance of shares [23] - Jiufeng Bio obtained a medical device registration certificate for its fructosamine testing kit [24] Group 7 - Jinzi Ham's president Guo Bo resigned for personal reasons, while Zheng Hu was appointed as the new president [25] - China Eastern Airlines reported a 10.35% year-on-year increase in passenger turnover for November [26] - Fengfan Co.'s controlling shareholder is in the process of acquiring 17.32% of the company's shares [27] Group 8 - Zhenghai Bio signed a technical development contract with the Chinese Academy of Agricultural Sciences for a collagen product project worth 12 million yuan [28] - Xinhua Insurance reported a 16% year-on-year increase in cumulative original insurance premium income for the first 11 months [29] - Jingjia Microelectronics' subsidiary completed key stages of its AI SoC chip project [30] Group 9 - Shanghai Pharmaceuticals' hydrochloride sotalol tablets passed the consistency evaluation for generic drugs [31] - Heshun Technology's subsidiary's carbon fiber project has entered a stable operational phase [32] - Spring Airlines reported an 18.02% year-on-year increase in passenger turnover for November [33] Group 10 - Huaxin New Materials proposed a mid-term dividend plan of 1 yuan per 10 shares [34] - Keda Li plans to increase capital by 300 million yuan for its wholly-owned subsidiary [35] - Jinguang Electric won a bid for a high-voltage direct current transmission project worth 84.86 million yuan [36] Group 11 - XGIMI Technology's subsidiary received a development notification for a vehicle-mounted projection project from a well-known domestic automotive manufacturer [37]

宁波德昌电机股份有限公司 关于向特定对象发行股票申请获得中国证监会同意注册批复的公告 证券代码：605555 证券简称：德昌股份 公告编号：2025-055 二、你公司本次发行应严格按照报送上海证券交易所的申报文件和发行方案 实施。 三、本批复自同意注册之日起12个月内有效。 四、自同意注册之日起至本次发行结束前，你公司如发生重大事项，应及时 报告上海证券交易所并按有关规定处理。 公司将按照上述批复文件和相关法律法规的要求及公司股东会的授权，在规 定期限内办理本次向特定对象发行股票的相关事宜，并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 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。 宁波德昌电机股份有限公司（以下简称"公司"）于2025年12月12日收到中 国证券监督管理委员会出具的《关于同意宁波德昌电机股份有限公司向特定对象 发行股票注册的批复》（证监许可[2025]2713号）（以下简称"批复文件"）， 批复文件主要内容如下： 一、同意你公司向特定对象发行股票的注册申 ...

南财智讯12月15日电，德昌股份公告，公司于2025年12月12日收到中国证券监督管理委员会出具的《关 于同意宁波德昌电机股份有限公司向特定对象发行股票注册的批复》（证监许可[2025]2713号），主要 内容包括：一、同意公司向特定对象发行股票的注册申请；二、本次发行应严格按照报送上海证券交易 所的申报文件和发行方案实施；三、本批复自同意注册之日起12个月内有效；四、自同意注册之日起至 本次发行结束前，如发生重大事项，应及时报告上海证券交易所并按有关规定处理。公司将按照上述批 复文件和相关法律法规的要求及公司股东会的授权，在规定期限内办理本次向特定对象发行股票的相关 事宜，并及时履行信息披露义务。敬请广大投资者注意投资风险。 ...

德昌股份公告，公司于2025年12月12日收到中国证券监督管理委员会出具的《关于同意宁波德昌电机股 份有限公司向特定对象发行股票注册的批复》（证监许可2713号）。根据批复文件，中国证监会同意公 司向特定对象发行股票的注册申请。本次发行应严格按照报送上海证券交易所的申报文件和发行方案实 施。本批复自同意注册之日起12个月内有效。公司将按照批复文件和相关法律法规的要求及公司股东会 的授权，在规定期限内办理本次向特定对象发行股票的相关事宜，并及时履行信息披露义务。 ...

格隆汇12月15日丨德昌股份(605555.SH)公布，公司于2025年12月12日收到中国证券监督管理委员会出 具的《关于同意宁波德昌电机股份有限公司向特定对象发行股票注册的批复》（证监许可[2025]2713 号）（以下简称"批复文件"），批复文件主要内容如下： 一、同意你公司向特定对象发行股票的注册申请。二、你公司本次发行应严格按照报送上海证券交易所 的申报文件和发行方案实施。三、本批复自同意注册之日起12个月内有效。四、自同意注册之日起至本 次发行结束前，你公司如发生重大事项，应及时报告上海证券交易所并按有关规定处理。 ...