登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688169 证券简称：石头科技公告编号：2025-084 北京石头世纪科技股份有限公司 关于以集中竞价交易方式回购公司股份的进展公告 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： ■ 一、回购股份的基本情况 北京石头世纪科技股份有限公司（以下简称"公司"）于2025年4月2日召开第三届董事会第四次会议，会 议审议通过了《关于以集中竞价交易方式回购公司股份方案的议案》，并于2025年4月4日披露了《北京 石头世纪科技股份有限公司关于以集中竞价交易方式回购公司股份的回购报告书》。公司拟使用5,000 万元（含）至10,000万元（含）自有资金以集中竞价方式回购股份，回购价格不超过人民币373.74元/股 （含），用于实施员工持股计划及/或股权激励，回购期限自公司董事会审议通过回购方案之日起12个 月内。 二、回购股份的进展情况 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第7号一一回购股份》等相关 规定，现将公司回购进展情况公告如下 ...

（文章来源：证券日报） 证券日报网讯 9月22日晚间，石头科技发布公告称，截至2025年9月22日，公司通过上海证券交易所交 易系统以集中竞价交易方式已累计回购股份369，036股，已回购股份占公司总股本（以公司2025年9月 22日总股本259，106，368股计算）的比例为0.1424%。 ...

Investment Rating - The report maintains an "Outperform the Market" rating for the home appliance industry [5][61]. Core Views - The home appliance sector shows resilience in domestic sales driven by promotional policies for high-end air conditioning units, while exports face challenges due to tariffs and market conditions [16][22]. - The overall performance of the home appliance industry is expected to stabilize as companies expand overseas sales channels and enhance brand influence [22][12]. Summary by Sections 1. Investment Recommendations - Key recommendations include major players such as Midea Group, Gree Electric Appliances, Haier Smart Home, TCL Smart, and Hisense Home Appliances for white goods; Boss Electric for kitchen appliances; and Bear Electric, Roborock, and Ecovacs for small appliances [4][12]. 2. Research Tracking and Investment Thoughts - August air conditioning production and sales exceeded expectations, with domestic sales up 1.2% and total production at 12.881 million units, a 9.4% increase year-on-year [17]. - Home appliance exports in August decreased by 6.2% year-on-year, with air conditioning exports down 23.7%, while refrigerator exports increased by 4.4% [19][22]. - The U.S. home appliance retail sales grew by 2.6% in August, despite rising inventory levels due to tariff concerns [33]. 3. Key Data Tracking - The home appliance sector achieved a relative return of +2.04% this week, outperforming the broader market [36]. - Raw material prices showed a slight decrease, with copper and aluminum prices down by 0.9% and 0.4% respectively [39]. - Shipping indices for routes to the U.S. West Coast and East Coast increased by 6.37% and 4.14% respectively, while the European route saw a decrease of 4.31% [46]. 4. Company Announcements and Industry Dynamics - Haier Smart Home plans to grant up to 4.05 million restricted shares to 149 employees, with performance targets set for revenue and net profit growth [54]. - The industry faces challenges in the post-subsidy era, requiring companies to adapt strategies to regional market conditions [57].

北京石头世纪科技股份有限公司 关于以集中竞价交易方式回购公司股份的进展公告 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： | 回购方案首次披露日 | 2025/4/4 | | | | | | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 2025 年 4 月 4 月 1 | 2 | 日~2026 | 年 | 日 | | 预计回购金额 | 5,000万元~10,000万元 | | | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 □用于转换公司可转债 | | | | | | | □为维护公司价值及股东权益 | | | | | | 累计已回购股数 | 36.9036万股 | | | | | | 累计已回购股数占总股本比例 | 0.1424% | | | | | | 累计已回购金额 | 7,386.52万元 | | | | | | 实际回购价格区间 | 175.01元/股~219.16元/股 | | | | | 一、回购股份的基本情况 证 ...

Group 1 - The stock price of Stone Technology (688169.SH) fell by 5.33% to 200.22 yuan as of the market close on September 22 [1] - On February 21, 2025, Stone Technology's stock reached a year-to-date high of 272.42 yuan during intraday trading [2] - Research analysts from Open Source Securities maintained a "buy" rating for Stone Technology, highlighting its potential to become a benchmark enterprise in AI robotics applications [2] Group 2 - Open Source Securities analysts also projected that Stone Technology's revenue for Q4 2024 would exceed expectations due to more aggressive product and marketing strategies, maintaining a "buy" rating [2]

Group 1 - The core point of the article is that Stone Technology has announced a share buyback program, having repurchased approximately 370,000 shares, which represents 0.1424% of its total share capital as of September 22, 2025 [1] - The highest and lowest prices for the repurchased shares were 219.16 yuan and 175.01 yuan per share, respectively, with a total expenditure of approximately 73.87 million yuan [1] - As of the report date, the market capitalization of Stone Technology is 51.9 billion yuan [1] Group 2 - For the fiscal year 2024, the revenue composition of Stone Technology indicates that 99.78% of its revenue comes from smart robots and related hardware, while other businesses contribute only 0.22% [1]

格隆汇9月22日丨石头科技(688169.SH)公布，截至2025年9月22日，公司通过上海证券交易所交易系统 以集中竞价交易方式已累计回购股份36.9万股，已回购股份占公司总股本（以公司2025年9月22日总股 本259,106,368股计算）的比例为0.1424%，成交的最高价为219.16元/股，最低价为175.01元/股，已支付 的总金额为人民币7386.52万元（不含印花税、交易佣金等交易费用）。 ...

Market Overview - On September 22, the small home appliance sector fell by 1.64%, with Stone Technology leading the decline [1] - The Shanghai Composite Index closed at 3828.58, up 0.22%, while the Shenzhen Component Index closed at 13157.97, up 0.67% [1] Stock Performance - Key stocks in the small home appliance sector showed varied performance, with Bi Yi Co., Ltd. rising by 10.00% to a closing price of 22.88 [1] - Stone Technology saw a significant drop of 5.33%, closing at 200.22 [3] - Other notable declines included Fu Jia Co., Ltd. down 5.08% and Ou Sheng Electric down 4.77% [3] Trading Volume and Capital Flow - The small home appliance sector experienced a net outflow of 98.36 million yuan from institutional investors, while retail investors saw a net inflow of 114 million yuan [3][4] - Bi Yi Co., Ltd. had a net inflow of 96.24 million yuan from institutional investors, indicating strong interest [4] Individual Stock Highlights - Bi Yi Co., Ltd. had a trading volume of 89,600 hands and a transaction amount of 202 million yuan [1] - Stone Technology's trading volume was 77,300 hands with a transaction amount of 154.2 million yuan [3] - The performance of other stocks like Su Poer and Kai Neng Health was relatively stable, with minor fluctuations in their closing prices [1][3]

Group 1 - The core point of the news is that Stone Technology's stock price has dropped by 5.28% to 200.33 CNY per share, with a total market capitalization of 51.907 billion CNY as of the report date [1] - Stone Technology, established on July 4, 2014, specializes in the design, research and development, production, and sales of smart cleaning robots and other smart hardware, with 99.94% of its revenue coming from smart cleaning products and accessories [1] Group 2 - Hai Fu Tong Fund has a significant holding in Stone Technology, with its Hai Fu Tong Consumer Preferred Mixed A Fund (010421) holding 52,700 shares, accounting for 3.61% of the fund's net value, ranking as the ninth largest holding [2] - The Hai Fu Tong Consumer Preferred Mixed A Fund has achieved an 80% return year-to-date, ranking 196 out of 8,244 in its category, and a 133.65% return over the past year, ranking 195 out of 8,066 [2] Group 3 - The fund manager of Hai Fu Tong Consumer Preferred Mixed A Fund is Liu Haixiao, who has been in the position for 2 years and 170 days, with the fund's total asset size at 229 million CNY and a best return of 75.2% during his tenure [3]

Core Insights - The global market for smart home cleaning robots is projected to see significant growth, with a forecasted shipment of 15.35 million units in the first half of 2025, representing a year-on-year increase of 33% [2] - Among these, lawn mowers are expected to experience the highest growth rate, with shipments reaching 2.343 million units, a staggering increase of 327.2% year-on-year [2] - Chinese companies are rapidly entering this emerging market, showcasing their innovative products at international exhibitions [2][3] Market Dynamics - The lawn mower segment, previously a niche market, is gaining attention from global capital and industry players [2] - The market is characterized by various player categories, including technology pioneers, cross-industry entrants, and companies leveraging humanoid robotics expertise [3][4] - Traditional garden machinery manufacturers are also adapting to new technological trends, while local electric motor and battery module companies are entering the market with their own brands [4] Demand and Technology - The growth of lawn mowers is driven by cultural factors and high labor costs, particularly in regions with a strong lawn care culture [5] - The outdoor power equipment market is valued at $30 billion, with lawn mowers accounting for over one-third of this market [5] - Despite the potential, the penetration rate of smart lawn mowers remains low at under 6%, indicating significant market opportunities [5] Channel Strategy - Chinese manufacturers have a first-mover advantage in distribution channels, with companies like Stone Technology and Ecovacs having established extensive networks [6] - The top five global manufacturers hold a combined market share of 64.8%, reflecting a 4.8 percentage point increase from the previous year [6] Capital and Future Outlook - The rise of lawn mowers is seen as an extension of the household cleaning robot market, with companies expanding their product lines to create a comprehensive ecosystem [7] - The ability to present a complete narrative of indoor and outdoor solutions is crucial for attracting capital investment [7] - Despite the rapid growth, the industry faces challenges in sustainability, market acceptance, and potential price competition as more players enter the market [8]