2024 688169 2024 议案十：《关于使用部分超募资金、节余资金和自有资金新建募集资金投 资项目的议案》 听取：《北京石头世纪科技股份有限公司2024年独立董事述职报告》 议案一：《关于<2024年度董事会工作报告>的议案》 议案二：《关于<2024年度监事会工作报告>的议案》 议案三：《关于<2024年年度报告>及其摘要的议案》 议案四：《关于<2024年度财务决算报告>的议案》 议案五：《关于董事薪酬的议案》 议案六：《关于监事薪酬的议案》 议案七：《关于2024年年度利润分配方案及资本公积转增股本方案的议案 》 议案八：《关于修订<公司章程>、部分治理制度并办理工商变更登记的议 案》 议案九：《关于增补独立董事的议案》 2024 为了维护全体股东的合法权益，确保股东会的正常秩序和议事效率，保证大会 的顺利进行，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《上市 公司股东会规则》以及《北京石头世纪科技股份有限公司章程》(以下简称"《公 司章程》")《北京石头世纪科技股份有限公司股东大会议事规则》的相关规定，特 ...

Core Insights - The humanoid robot industry is expected to transition from the formation phase to the expansion phase, with significant acceleration in industrial development anticipated by 2025, marking a potential year for commercial mass production of humanoid robots [1][2] - The first batch of national standards for humanoid robots has been officially established, and the index for the robot industry has undergone a significant revision, with humanoid robot-related companies now accounting for over 50% of the index weight, reaching 53% [1][4] - The E Fund National Robot Industry ETF (159530) has seen its scale increase to 630 million shares this year, with a remarkable growth rate of 313% [1][3] Investment Logic - The humanoid robot sector is poised for a major investment opportunity in 2025, driven by continuous breakthroughs in AGI technology, improved supply chain structures, and growing downstream application demands [2][3] - The National Robot Industry Index has outperformed similar indices, with an annualized return of 7.8% since 2018, exceeding comparable indices by 5.1 percentage points, and a return of 83.7% since the "9.24" market rally in 2024, outperforming peers by 24.7 percentage points [5] Index Composition - The National Robot Industry Index includes companies involved in robot bodies, core components, and other related fields, with the top 50 companies selected based on average daily market capitalization over the past six months [3][4] - Key weight stocks in the index include Shuanghuan Transmission (5.26%), Grepow (4.69%), and Stone Technology (4.43%) [4]

股东密集减持 近日，石头科技披露了2024年业绩报告。报告显示，前十大股东中有四家减持股份。其中，联合创始人 之一毛国华减持了23.17万股，"小米系"旗下的顺为资本也已退出公司前十大股东。 截至2024年12月31日，香港中央结算有限公司减持了148万股，持股比例从6.07%降至3.52%；天津石头 时代企业管理咨询合伙企业（有限合伙）减持了20万股，持股比例从1.95%降至1.28%；天津金米投资 合伙企业（有限合伙）减持了48万股，持股比例从4.49%降至2.93%。毛国华持股数量减少了47万股， 持股比例从2.04降至1.20%。此外，顺为资本减持后已退出前十大股东行列。此前，顺为资本是石头科 技的早期投资者之一，从2016年起就已是主要股东。 近日，石头科技发布2024年业绩报告，其总营收为119.27亿元，相较于2023年大幅增长37.82%，而归母 净利润却同比下降3.42%至19.81亿元，增收不增利的现象明显。 业绩报告还显示，2024年下半年，石头科技前十大股东中的多个股东对其进行了股票抛售行动，其中包 括香港中央结算有限公司持股石头科技的比例下降6.66个百分点，顺为资本甚至退出了前十大 ...

针对美方拟恢复加征对华关税，石头科技在2024年度业绩暨现金分红说明会上回应称，公司正积极研究 应对策略，包括价格调整与海外供应链合作。目前越南代工厂保持正常发货，后续公司将扩大内销、拓 展欧洲与亚太市场。董事长昌敬表示，公司将通过丰富价格矩阵、增强品牌影响力提升竞争力。(科创 板日报) ...

Summary of Conference Call Industry Overview - The conference focused on the global robotic vacuum cleaner industry, with specific emphasis on market data for 2024 - According to IDC, global shipments of robotic vacuum cleaners are projected to reach 20.6 million units in 2024, representing an 11% year-over-year growth, with a total market value of $9.3 billion [1] Company Performance - Stone Technology leads the market with a 16% share in unit sales and a 22.3% share in revenue for 2024, particularly strong in the Nordic region [1] - iRobot, facing significant operational challenges, is projected to generate $682 million in revenue for 2024, down 23% year-over-year, with a loss of $160 million [2] - iRobot's revenue for Q4 was only $172 million, a 44% decline, with a quarterly loss exceeding $70 million [2] Market Dynamics - Stone Technology has seen a continuous increase in market share, while iRobot's share is declining, particularly in markets outside the US and Japan, where Chinese brands are performing better [3][4] - In the US Amazon market, Stone Technology has achieved a market share of 25%, while iRobot's share is around 13% [5][6] - The competitive landscape is shifting, with Chinese brands like Dreamy and Roborock gaining traction in both online and offline channels [7][8] Sales Channels and Growth - The online and offline sales channels are now evenly split, with significant growth in both areas. Stone Technology's offline sales grew over 300% during the last Black Friday [6] - In Germany, Stone Technology's sales growth reached 75% in early 2024, outperforming competitors [7] - The overall market in Europe is expected to see a growth rate of 40-50% in Q1 2024 [9] Domestic Market Insights - In the domestic market, Stone Technology's GMV increased by 200% in February 2024, benefiting from government subsidies that have expanded coverage [10][11] - The introduction of cost-effective products is expected to enhance market penetration in lower price segments [12] Financial Projections - For Q1 2024, a conservative estimate predicts a revenue growth of 50%, with potential profit margin declines due to increased marketing expenses for new products [13][14] - The company anticipates a recovery in profit margins in Q2 2024, driven by improved gross margins and a higher proportion of mid-to-high-end products [15][16] Product Innovations - The G30 Space product, launched on March 16, 2024, features advanced cleaning capabilities, including a mechanical arm for enhanced functionality [19][20] - This product represents a significant shift towards multifunctional home service robots, indicating a broader trend in the industry [22][23] Conclusion - The robotic vacuum cleaner industry is experiencing rapid growth, with Stone Technology positioned as a market leader. The competitive landscape is evolving, with increasing pressure on traditional players like iRobot. The introduction of innovative products and government support in the domestic market are expected to drive further growth in 2024 [24]

CICC reserves the right to investigate the relevant legal liability. 大家好我是那个中金家电的分析师汤亚伟在线的还有我们的这个分析师张景瑜那今天早上呢也非常感谢各位投资者的介入我们来解读一下就是说在AI和这个人形机器人技术溢出和这个整个的一个技术赋能下如何看扫地机器人这个市场的昨天和明天 那我们今天的电话会应该说主要也分成四个部分来讲我先讲一个整体的框架那么具体的细节由我们锦鱼来给大家做一个详细的讲解总共分成四个部分第一部分是产品端就AI和基层加持下扫地机的产品有核心的迭代趋势我们也看到其实今年扫地机也发了很多的新品像石头的机械手是吧就是一个非常典型的代表 格局观国内和海外的扫地机格局如何演变因为我们看到最近其实像石头之类的其实也加大了整个投入其实整个策略应该说最近半年到一年也发生了很大的变化而且对整个市场可能也其他的品牌也造成了一定的影响第三就是空间端如何看扫地机市场的一个长期趋势第四我们也顺便讲一下洗地机市场海外和国内的一个趋势 那么首先我们来讲一下我们整体的观点,我们是觉得现在整个扫地机行业应该说是面临着技术跃迁和格局演变的一个双重的变 ...

Market Overview - The Shanghai Composite Index rose by 0.15% on April 15, with 12 sectors experiencing gains, led by the beauty and personal care sector at 2.27% and the banking sector at 1.50% [1] - The home appliance sector ranked third in terms of gains for the day [1] - Conversely, the defense and military industry and retail sector saw declines of 1.78% and 1.37%, respectively [1] Capital Flow - The main capital flow showed a net outflow of 19.301 billion yuan across both markets, with 11 sectors experiencing net inflows [1] - The media sector led the net inflow with 800.2 million yuan and a daily increase of 0.96%, followed by the banking sector with a net inflow of 780 million yuan and a daily increase of 1.50% [1] - A total of 20 sectors experienced net outflows, with the electronics sector leading at 3.841 billion yuan, followed by the computer sector at 2.799 billion yuan [1] Home Appliance Sector Performance - The home appliance sector increased by 1.35% with a net inflow of 278 million yuan, comprising 95 stocks, of which 51 rose and 38 fell [2] - The top three stocks with the highest net inflow were Midea Group at 187 million yuan, Gree Electric Appliances at 161 million yuan, and Shenzhen Konka at 143 million yuan [2] - The stocks with the highest net outflows included Sanhua Intelligent Control at 63.297 million yuan, Stone Technology at 60.431 million yuan, and Starlight Shares at 45.593 million yuan [2] Notable Stocks in Home Appliance Sector - Midea Group: Increased by 2.23% with a turnover rate of 0.50% and a main capital flow of 187.256 million yuan [2] - Gree Electric Appliances: Increased by 2.21% with a turnover rate of 0.94% and a main capital flow of 160.982 million yuan [2] - Shenzhen Konka: Increased by 7.58% with a turnover rate of 17.10% and a main capital flow of 143.227 million yuan [2]

年收入突破百亿大关，石头科技稳居扫地机器人行业龙头。 作为智能清洁领域的龙头企业，扫地机器人一直是石头科技财报中的中流砥柱。按产品分类，石头科技 2024年主营业务中，智能扫地机及配件收入已经超过百亿，达108.48亿元，同比增长34.17%，占营业收 入的90.8%；同期，其洗地机、洗衣机等其他智能电器产品营收突破10亿元，达10.7亿元，同比增长 93.13%，占营业收入的8.96%。石头科技表示，主要原因是本年多款新品上市，销售规模扩大。 与之对应的，2024年石头科技智能扫地机生产量362.27万台，同比增加26.07%；销售量344.93万台，同 比上涨32.91%；作为第二增长曲线的洗地机及洗衣机等其他智能电器产品生产量73.73万台，同比增加 146.58%；销售量61.89万台，同比上涨141.46%。 石头科技的增长潜力远不止于此。众所周知，在智能清洁行业，作为市场份额最大的品类，扫地机器人 行业正处于高速发展阶段，技术及产品迭代频率密集。奥维云网（AVC）数据显示，2024年国内扫地机 器人市场规模达到了193.6亿元，销额同比增长41.1%，且均价同比仍有提升、增长7.2%。 至于其他智 ...

财报数据显示，2024年石头科技包括洗衣机业务在内的"其他智能电器产品"实现收入10.7亿元，相较 2023年同比提升93.13%。 在2024年双11期间，石头洗衣机位列奥维云网黑马品牌TOP1，京东平台销售额同比激增282%，天猫渠 道实现408%的强劲增长，抖音暴涨12672%。 人头攒动的AWE（中国家电及消费电子博览会）石头科技洗衣机展区，有着一道独特风景线： 吸睛的"布料艺术馆"，以极具艺术感的创意装置，打造了一场关于水流、气泡等元素与织物交融的视觉 盛宴，让观众沉浸式感受，洗衣机在洗涤与烘干过程中对衣物的极致呵护；石头洗衣机家族的多款产 品，则以透明机身的独特形式呈现了内部精密结构；现场还设有分子筛展示装置，演示石头科技首创的 分子筛低温烘干技术的工作原理，吸引了众多参观者驻足观看。 与华丽展台相互衬托的，是石头科技洗衣机团队取得的亮眼业绩。4月3日晚间发布的年报显示，2024年 石头科技包括洗衣机业务在内的"其他智能电器产品"实现收入10.7亿元，相较2023年同比提升93.13%。 傲人成绩背后，是市场对于这群理工男技术情怀的奖励。 基于市场趋势做出的技术创新 "石头在洗衣机领域，多少有点孤 ...

2025 年 4 月 14 日 公司研究 内外销维持高增，全球市场积极布局 ——石头科技（688169.SH）2024 年年报业绩点评 增持（维持） 当前价：190.80 元 作者 分析师：洪吉然 执业证书编号：S0930521070002 021- 52523793 hongjiran@ebscn.com 联系人：周方正 021- 52523855 zhoufangzheng@ebscn.com 市场数据 | 总股本(亿股) | 1.85 | | --- | --- | | 总市值(亿元)： | 352.45 | | 一年最低/最高(元)： | 173.00/333.50 | | 近 3 月换手率： | 107.59% | 股价相对走势 -25% -10% 5% 19% 34% 04/24 07/24 10/24 01/25 石头科技 沪深300 | 收益表现 | | | | | --- | --- | --- | --- | | % | 1M | 3M | 1Y | | 相对 | -15.28 | -14.02 | -29.87 | | 绝对 | -19.78 | -13.27 | -21.97 | 资料 ...