证券代码：000016、200016 证券简称：深康佳 A、深康佳 B 公告编号：2025-80 债券代码：133333、133759 债券简称：22 康佳 05、24 康佳 01 133782、133783 24 康佳 02、24 康佳 03 134294、134334 25 康佳 01、25 康佳 03 4、现场会议召开日期、时间：2025年9月29日（星期一）下午2:30。 网络投票时间：2025年9月29日。 康佳集团股份有限公司 关于召开 2025 年第五次临时股东会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 一、召开会议的基本情况 1、股东会届次：2025 年第五次临时股东会。 2、股东会召集人：康佳集团股份有限公司（以下简称"公司"）董事会。经公司第十 一届董事会第三次会议研究，决定召开本次股东会。 3、会议召开的合法、合规性：本次股东会由公司董事会负责召集，公司董事会认为本 次会议的召开符合有关法律、行政法规、部门规章、规范性文件和公司章程的规定。本次 股东会的召开无需相关部门批准或履行必要程序。 其中： （1）通过深圳证券交易所交 ...

以上议案，提请公司股东会审议。 康佳集团股份有限公司 2025 年第五次临时股东会会议文件 康佳集团股份有限公司 2025 年第五次临时股东会会议文件之一 关于重庆康佳光电科技有限公司按股权比例 向股东提供借款展期的议案 各位股东及股东代表： 为提高资金使用效率，重庆康佳光电科技有限公司拟在不影响自 身正常运营的情况下，将按股权比例向其股东提供的借款进行展期， 其中对重庆两山产业投资有限公司的展期金额不超过 1 亿元，借款展 期至 2026 年 10 月 31 日，借款年化利率为不低于一年期中国人民银行 的存款利率及不高于同期的中国人民银行贷款利率。在重庆康佳光电 科技有限公司需要资金时，重庆康佳光电科技有限公司的股东将按照 股权比例及时归还上述借款。 具体情况请见公司在《证券时报》《中国证券报》《上海证券报》 和巨潮资讯网（http://www.cninfo.com.cn/new/index）上披露的《关 于控股子公司按股权比例向股东提供借款展期的公告》（公告编号： 2025-79）。 拟请股东会授权公司经营班子落实具体方案。 各位股东及股东代表： 康佳集团股份有限公司（简称"公司"）拟续聘信永中和会计师 ...

证券代码：000016、200016 证券简称：深康佳 A、深康佳 B 公告编号：2025-77 债券代码：133333、133759 债券简称：22 康佳 05、24 康佳 01 133782、133783 24 康佳 02、24 康佳 03 134294、134334 25 康佳 01、25 康佳 03 康佳集团股份有限公司 二、董事会会议审议情况 会议经过充分讨论，审议并通过了以下决议： （一）以 9 票同意，0 票弃权，0 票反对审议并通过了《关于重庆康佳光电科 技有限公司按股权比例向股东提供借款展期的议案》。 为提高资金使用效率，会议同意将重庆康佳光电科技有限公司按股权比例向股 东提供的借款进行展期，其中对重庆两山产业投资有限公司的展期金额不超过 1 亿元，借款展期至 2026 年 10 月 31 日，借款年化利率为不低于一年期中国人民银 行的存款利率及不高于同期的中国人民银行贷款利率。会议要求，在重庆康佳光电 科技有限公司需要资金时，重庆康佳光电科技有限公司的股东应按照股权比例及时 归还上述借款。 会议授权公司经营班子落实最终方案。 根据有关法律法规及《公司章程》的有关规定，此议案还须提交公司股东 ...

Market Overview - On September 11, the white goods sector rose by 0.19% compared to the previous trading day, with Shenzhen Konka A leading the gains [1] - The Shanghai Composite Index closed at 3875.31, up 1.65%, while the Shenzhen Component Index closed at 12979.89, up 3.36% [1] Stock Performance - Key stocks in the white goods sector showed varied performance: - Shenzhen Konka A: Closed at 5.40, up 1.89% with a trading volume of 469,100 shares and a turnover of 251 million [1] - Aucma: Closed at 6.80, up 1.19% with a trading volume of 120,400 shares and a turnover of 80.72 million [1] - Changhong Meiling: Closed at 7.53, up 0.94% with a trading volume of 103,100 shares and a turnover of 77.03 million [1] - Hisense Home Appliances: Closed at 25.05, up 0.52% with a trading volume of 74,700 shares and a turnover of 186 million [1] - Gree Electric Appliances: Closed at 41.37, up 0.51% with a trading volume of 528,200 shares and a turnover of 2.174 billion [1] - Whirlpool: Closed at 10.70, up 0.47% with a trading volume of 28,300 shares and a turnover of 30.07 million [1] - Midea Group: Closed at 77.02, unchanged with a trading volume of 459,600 shares and a turnover of 3.516 billion [1] Capital Flow - The white goods sector experienced a net inflow of 42.03 million from main funds, while retail funds saw a net inflow of 12.8 million [1] - Notable capital flows for specific companies include: - Haier Smart Home: Main funds net inflow of 10.4 million, retail funds net outflow of 64.02 million [2] - Shenzhen Konka A: Main funds net inflow of 31.45 million, retail funds net outflow of 22.25 million [2] - Midea Group: Main funds net inflow of 20.70 million, retail funds net inflow of 71.68 million [2]

Core Viewpoint - The stock of Deep Konka A has shown mixed performance in recent trading sessions, with a slight year-to-date decline but a notable increase over the past two months, indicating potential volatility and investor interest in the company [2][3]. Group 1: Stock Performance - As of September 11, Deep Konka A's stock price increased by 2.08% to 5.41 CNY per share, with a trading volume of 1.23 billion CNY and a market capitalization of 13.027 billion CNY [1]. - Year-to-date, the stock has decreased by 1.99%, with a 0.37% decline over the last five trading days, a 1.31% increase over the last 20 days, and a 17.10% increase over the last 60 days [2]. Group 2: Financial Performance - For the first half of 2025, Deep Konka A reported revenue of 5.248 billion CNY, a year-on-year decrease of 3.05%, while the net profit attributable to shareholders was -383 million CNY, showing a year-on-year increase of 64.75% [3]. - The company has not distributed any dividends in the last three years, with a total payout of 2.557 billion CNY since its listing [4]. Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders for Deep Konka A was 151,800, a decrease of 9.90% from the previous period [3]. - The top ten circulating shareholders include招商证券(香港)有限公司, holding 19.3095 million shares, a decrease of 200,000 shares, and香港中央结算有限公司, holding 10.9024 million shares, an increase of 1.4358 million shares [4]. Group 4: Business Overview - Deep Konka A, established in 1980 and listed in 1992, is primarily engaged in the production and sale of various electronic products, with its main business revenue derived from color TV (42.78%), white goods (39.93%), and other segments [2]. - The company operates within the household appliances sector, specifically in the white goods category, and is associated with several concept sectors including ride-hailing and central enterprise reform [2].

Global TV Market Overview - In 2023, global TV shipments reached 214 million units, a decline of 3.0% year-on-year, marking the lowest level in nearly a decade due to weak demand influenced by global economic downturn, high inflation, and consumer downgrade [1] - A slight recovery is expected in 2024, with shipments projected to increase to 215 million units, reflecting a year-on-year growth of 0.6% [1] 4K Ultra HD TV Market - In 2023, global 4K TV shipments were approximately 150 million units, accounting for over 70% of total TV shipments, solidifying its position as the market's absolute mainstream [2] - The 4K TV market is expected to grow to 160 million units in 2024, representing a year-on-year increase of about 6.7% [2] - North America is the largest contributor, with shipments reaching 65 million units, representing 40% of the global total, followed by the Asia-Pacific region, driven by the expansion of the middle class and broadband accessibility [2] Competitive Landscape of 4K/8K TV Market - Major players in the global 4K/8K TV market include Sony, LG, Samsung, and Sharp, with Samsung and Sony offering a wider range of sizes, while LG and Sony have relatively higher entry prices [4] - Domestic manufacturers such as TCL, Skyworth, and Hisense also hold a significant share in the global market [4] 8K Ultra HD TV Market - The growth of the 8K TV market has been slow compared to 4K TVs, with global shipments only reaching approximately 150,000 units in 2024, accounting for just 0.7% of total TV shipments [8] - The 8K TV market has faced several challenges, including high production costs, insufficient native 8K content, and the need for high bandwidth for streaming, which limits its penetration [9] - Despite these challenges, the 8K TV market still holds long-term potential under favorable policies, technological advancements, and industry collaboration [9]

Core Viewpoint - Konka Group's consumer electronics business continues to face challenges in the first half of the year, despite a change in ownership to China Resources Group, which marks a significant transition for the former "king of color TVs" [3][4]. Financial Performance - In the first half of 2025, the company reported operating revenue of 5.248 billion yuan, a slight decrease of 3.05% year-on-year; net profit attributable to shareholders was a loss of 383 million yuan, significantly narrowing from a loss of 1.088 billion yuan in the same period last year, a reduction of 64.75% [3][4]. - The net profit reduction was primarily due to non-recurring gains totaling 644 million yuan, with the largest portion being 656 million yuan from changes in accounting for equity in Wuhan Tianyuan Group and the disposal of financial assets [3][4]. Consumer Electronics Business - The consumer electronics segment, which includes color TVs and white goods, generated revenue of 4.713 billion yuan, a slight decline of 0.87% year-on-year; while TV revenue grew by 6.09%, the gross margin was only 0.39%, and white goods revenue fell by 6.76% [4][5]. - The overall gross margin for the consumer electronics business was just 3.23%, indicating a challenging environment where revenue growth does not translate into profit [4][5]. Financial Challenges - The company faces high financial costs and tight cash flow, with financial expenses reaching 311 million yuan in the first half of the year; net cash flow from operating activities was -676 million yuan, worsening by 53.78% compared to the previous year [5]. - The high level of interest-bearing debt continues to burden the company's financial operations [5]. Semiconductor Business - The semiconductor business generated revenue of 97 million yuan, a year-on-year increase of 17.38%, but remains in the early stages of industrialization without achieving scale or profitability [6][7]. - There is potential for synergy between China Resources' semiconductor resources and Konka's existing optoelectronic and storage businesses, which could accelerate the industrialization process [8]. PCB Business - The PCB (printed circuit board) business was a rare highlight, achieving revenue of 263 million yuan, a year-on-year growth of 13.63%, indicating stable growth in this segment [8]. Strategic Outlook - The entry of China Resources Group brings a new governance structure and strategic opportunities, but the new management team faces the complex challenge of revitalizing the struggling core business while nurturing new ventures [8].

Core Insights - Konka Group's consumer electronics business continues to face challenges, with a slight revenue decline in the first half of 2025 despite a significant reduction in net losses [2][3] - The company reported a revenue of 5.248 billion yuan, a year-on-year decrease of 3.05%, while net loss attributable to shareholders was 383 million yuan, a 64.75% improvement from the previous year's loss of 1.088 billion yuan [2] - The improvement in net loss was primarily due to non-recurring gains totaling 644 million yuan, indicating that the core business remains under pressure [2][3] Consumer Electronics Business - The consumer electronics segment generated revenue of 4.713 billion yuan, a slight decrease of 0.87% year-on-year, with TV revenue growing by 6.09% but with a low gross margin of only 0.39% [3] - The white goods segment saw a revenue decline of 6.76%, and the overall gross margin for the consumer electronics business was just 3.23%, highlighting ongoing challenges in profitability [3] Financial Challenges - The company faces high financial costs and tight cash flow, with financial expenses reaching 311 million yuan in the first half of the year [4] - The net cash flow from operating activities was -676 million yuan, worsening by 53.78% compared to the previous year, indicating significant financial pressure [4] Semiconductor Business - Konka's semiconductor business reported revenue of 97 million yuan, a year-on-year increase of 17.38%, but remains in the early stages of industrialization without achieving scale or profitability [5][6] - There are expectations that the resources from China Resources Group could synergize with Konka's existing semiconductor operations to accelerate growth [7] PCB Business - The PCB (Printed Circuit Board) segment emerged as a bright spot, achieving revenue of 263 million yuan, a year-on-year growth of 13.63%, marking it as one of the few segments with stable growth [7] Strategic Outlook - The entry of China Resources Group as a new controlling shareholder brings potential for strategic restructuring and resource integration, but the new management faces the challenge of revitalizing the core business and nurturing new growth areas [5][7]

Core Viewpoint - The financial report of Konka Group shows a mixed performance under the new ownership of China Resources Group, with a slight decline in revenue but a significant reduction in net losses, indicating ongoing challenges in its core business despite some positive signs from non-recurring gains [2][5]. Financial Performance - In the first half of 2025, Konka achieved operating revenue of 5.248 billion yuan, a year-on-year decrease of 3.05% [2]. - The net loss attributable to shareholders was 383 million yuan, a substantial improvement of 64.75% compared to a loss of 1.088 billion yuan in the same period last year [2]. - However, the adjusted net profit, excluding non-recurring items, was a loss of 1.028 billion yuan, nearly unchanged from the previous year's loss of 1.103 billion yuan [2]. Core Business Challenges - The consumer electronics segment, which includes color TVs and white goods, generated revenue of 4.713 billion yuan, a slight decline of 0.87% year-on-year [3]. - The color TV business saw a revenue increase of 6.09%, but the gross margin was only 0.39%, while the white goods segment experienced a revenue drop of 6.76% [3]. - The overall gross margin for the consumer electronics business was just 3.23%, highlighting the ongoing struggle to convert revenue into profit amid fierce market competition [3]. Financial Pressures - High financial costs and tight cash flow continue to exert pressure on the company's operations, with financial expenses reaching 311 million yuan in the first half of the year [4]. - The net cash flow from operating activities was -676 million yuan, worsening by 53.78% compared to -440 million yuan in the same period last year, indicating significant operational cash flow challenges [4]. New Ownership and Future Prospects - The transition to China Resources Group as the new controlling shareholder has introduced a new management team and strategic direction for Konka [5]. - The semiconductor business reported revenue of 97 million yuan, a year-on-year increase of 17.38%, but remains in the early stages of industrialization and is not yet profitable [6]. - The PCB (printed circuit board) business was a bright spot, achieving revenue of 263 million yuan, a growth of 13.63%, amidst challenges in both core and new business areas [6].

Market Overview - The Shanghai Composite Index fell by 0.45% on September 2, with six industries experiencing gains, led by the banking sector with a rise of 1.95% and public utilities at 0.99% [2] - The household appliances industry ranked third in terms of daily gains, increasing by 0.91% [3] - The communication and computer sectors faced the largest declines, with drops of 5.73% and 4.06% respectively [2] Capital Flow Analysis - The main capital outflow from the two markets totaled 151.28 billion yuan, with only four industries seeing net inflows [2] - The banking sector had the highest net inflow of 3.42 billion yuan, while public utilities followed with 936 million yuan [2] - The electronics industry experienced the largest net outflow, totaling 34.54 billion yuan, followed by the computer sector with 24.56 billion yuan [2] Household Appliances Sector - Within the household appliances sector, 94 stocks were tracked, with 21 stocks rising and 70 falling [3] - The top three stocks with significant net inflows included Sanhua Intelligent Controls with 259 million yuan, Midea Group with 189 million yuan, and Sunrise Orient with 109 million yuan [3] - Notable outflows were seen in Sichuan Changhong, Tianyin Electric, and Haier Smart Home, with net outflows of 395 million yuan, 124 million yuan, and 81.76 million yuan respectively [3] Individual Stock Performance - The top gainers in the household appliances sector included Midea Group with a rise of 2.88% and Sanhua Intelligent Controls with an increase of 3.48% [6] - Conversely, Sichuan Changhong and Tianyin Electric saw declines of 4.33% and 5.34% respectively [4] - The overall trading activity in the household appliances sector showed a mixed performance, with some stocks experiencing significant capital outflows despite the sector's overall positive movement [3][4]