| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 870726 | 鸡智科技 | 21.16 | -3.77% | 3.24万 | 6909.33万 ly | | 002403 | 爰仕达 | 16.49 | -2.94% | 36.18万 | 5.82 Z | | 002959 | 小能电器 | 52.37 | -2.75% | 2.66万 | 1.40亿 | | 603868 | 飞科电器 | 36.91 | -0.27% | 9601.58 . | 3529.40万 | | 002032 | 苏泊尔 | 50.00 | -0.18% | 1.38万 | 6910.35万 | | 688169 | 石头科技 | 204.14 | 0.72% | 3.90万 | 7.91亿 | | 002242 | 九阳股份 | 9.68 | 0.83% | 4.60万 | 4421.12万 | | 003023 | 彩虹集团 | 22.19 | 0.91% | 2.86万 | 6281.54万 | | 603 ...

证券之星消息，9月15日小家电板块较上一交易日下跌0.34%，富佳股份领跌。当日上证指数报收于 3860.5，下跌0.26%。深证成指报收于13005.77，上涨0.63%。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) | | | --- | --- | --- | --- | --- | --- | --- | | 870726 | 鸿智科技 | 21.99 | 4.12% | 4.15万 | Iv | 8949.68万 | | 688169 | 石头科技 | 202.68 | 2.88% | 4.43万 | | 8.91亿 | | 002403 | 爰仕达 | 16.99 | 1.86% | 1 21.11万 | | 3.55亿 | | 002705 | 新宝股份 | 15.67 | 0.45% | ﻟ 6.25万 | | 9763.28万 | | 003023 | 彩虹集团 | 21.99 | 0.27% | 3.66万 | | 8024.83万 | | 001259 | 利仁科技 | 25.79 | 0.27% | 8110.0 | | 2 ...

业绩稳中有进，相对估值底部 ——家电行业8月月报及9月投资策略 国联民生证券 家电研究团队 分析师：管泉森 S0590523100007 | 孙珊 S0590523110003 | 贺本东 S0590523110005 | 崔甜甜 S0590523110009 | 莫云皓 S0590523120001 2025年09月14日 证券研究报告 报告评级：强于大市 | 维持 请务必阅读报告末页的重要声明 目 录 第一部分 9月投资观点 第二部分 8月市场回顾 第三部分 重点数据跟踪 第四部分 投资建议&核心报告 1、9月投资观点 关注外销拐点，政策支撑内需 白电：旺季动销景气延续，以旧换新补贴第三批资金如期下达，政策延续期间， 内需有支撑；中美贸易谈判持续进行中，中长期来看龙头北美敞口或有限，龙头 海外产能布局领先，应对经验充分，后续风险或可控，龙头新兴市场及OBM拓展持 续兑现增长。龙头Q2报表质量优异，表现稳健，高质量高股息，经营支撑较强， 投资价值值得重视，持续推荐美的集团、海尔智家、海信家电、格力电器等。 黑电：国内受益以旧换新政策带动，量增仍有支撑，结构升级趋势进一步兑现， 均价涨势稳健；叠加海外新兴市场 ...

浙江苏泊尔股份有限公司 证券代码：002032 证券简称：苏泊尔 公告编号：2025-046 关于公司 2025 年股票期权激励计划激励对象名单的核查意见 本公司、董事会及监事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误导性 陈述或者重大遗漏。 浙江苏泊尔股份有限公司（以下简称"公司"、"本公司"或"苏泊尔"）于 2025 年 8 月 28 日 召开第八届董事会第十六次会议及第八届监事会第十六次会议审议通过了《关于<浙江苏泊尔股份 有限公司 2025 年股票期权激励计划（草案）>及其摘要的议案》及《关于<浙江苏泊尔股份有限公 司 2025 年股票期权激励计划考核管理办法>的议案》（以下简称"《激励计划》"）。具体内容详见 2025 年 8 月 29 日巨潮资讯网 http://www.cninfo.com.cn，股票期权激励对象名单经董事会薪酬与考 核委员会及监事会初步审核后于同日披露于巨潮资讯网。 根据《上市公司股权激励管理办法》（以下简称"《管理办法》"）等有关法律、法规及规范性文 件的规定，公司对本次激励计划激励对象的姓名和职务在公司内部进行了公示，公司董事会薪酬与 考核委员会及监事会结合公 ...

Market Overview - The small home appliance sector experienced a decline of 1.47% on September 12, with Ecovacs leading the drop [1] - The Shanghai Composite Index closed at 3883.69, up 0.22%, while the Shenzhen Component Index closed at 12996.38, up 0.13% [1] Stock Performance - Notable gainers included: - Fuhua Co., Ltd. (603219) with a closing price of 18.72, up 2.80% [1] - Jizhi Technology (870726) at 21.19, up 0.95% [1] - Kaineng Health (300272) at 6.73, up 0.75% [1] - Major decliners included: - Ecovacs (603486) at 98.73, down 1.71% [2] - Dechang Co., Ltd. (605555) at 17.40, down 1.53% [2] - Xiaoxiong Electric (002959) at 54.90, down 1.38% [2] Capital Flow - The small home appliance sector saw a net outflow of 10.27 million yuan from institutional investors, while retail investors experienced a net outflow of 93.34 million yuan [2] - Conversely, speculative funds recorded a net inflow of 104 million yuan [2] Individual Stock Capital Flow - Fuhua Co., Ltd. (603219) had a net outflow of 38.21 million yuan from institutional investors, while it saw a net inflow of 24.31 million yuan from speculative funds [3] - Ecovacs (603486) had a net outflow of 38.1 million yuan from institutional investors [3] - Suo Boer (002032) recorded a net inflow of 10.76 million yuan from institutional investors [3]

从资金流向上来看，当日小家电板块主力资金净流出1.73亿元，游资资金净流出81.85万元，散户资金净 流入1.74亿元。小家电板块个股资金流向见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 603486 | 科沃斯 | 100.45 | 3.74% | 5.63万 | 5.53亿 | | 688793 | 倍轻松 | 31.31 | 1.92% | 9768.33 | 3017.32万 | | 603215 | 比依股份 | 20.87 | 1.41% | 4.74万 | 9782.05万 | | 301187 | 欧圣电气 | 29.42 | 1.10% | 3.35万 | 9725.85万 | | 002705 | 新宝股份 | 15.77 | 0.96% | 6.33万 | 9917.73万 | | 002005 | ST德豪 | 2.38 | 0.85% | 12.68万 | 2972.92万 | | 301332 | 德尔玛 | 10.57 | 0.48% | 3.80万 | ...

Investment Rating - The report maintains a "Buy" rating for the company [9]. Core Views - The company reported a revenue of 11.478 billion yuan for the first half of 2025, representing a year-on-year growth of 4.68%. However, the net profit attributable to shareholders was 940 million yuan, a slight decline of 0.07% year-on-year [2][5]. - The company is actively promoting product innovation and optimizing channel layouts, maintaining a leading market share in domestic sales. It is expected to benefit from national subsidies for high-priced products, with strong growth in external orders [7]. - The company has maintained a considerable dividend rate in recent years, with projected net profits attributable to shareholders of 2.258 billion, 2.523 billion, and 2.758 billion yuan for 2025, 2026, and 2027, respectively, corresponding to PE valuations of 18.32, 16.39, and 15.00 times [7]. Summary by Sections Financial Performance - In the second quarter of 2025, the company achieved a revenue of 5.691 billion yuan, a year-on-year increase of 1.87%, while the net profit attributable to shareholders was 443 million yuan, down 5.94% year-on-year [2][5]. - The gross profit margin for the first half of 2025 was 23.61%, with a slight decline compared to the previous year. The company’s net profit margin for the first half was 8.19%, down 0.39 percentage points year-on-year [12]. Sales Breakdown - For the first half of 2025, the company's revenue from domestic sales grew by 3.36%, while external sales increased by 7.55%. The domestic market accounted for 67.62% of total revenue [12]. - The company launched innovative products, such as a handheld garment steamer, which achieved the highest online market share in the first half of 2025 [12]. Future Projections - The company is expected to maintain steady growth in scale while optimizing profitability efficiency. The projected net profits for 2025-2027 indicate a positive outlook for the company's financial performance [7].

Market Overview - The small home appliance sector experienced a decline of 0.88% on September 3, with BeiYikang leading the drop [1] - The Shanghai Composite Index closed at 3813.56, down 1.16%, while the Shenzhen Component Index closed at 12472.0, down 0.65% [1] Stock Performance - Notable gainers included: - JiZhi Technology (code: 870726) with a closing price of 23.27, up 30.00% and a trading volume of 145,900 shares, totaling 321 million yuan [1] - Major decliners included: - BeiYikang (code: 6610Z8) with a closing price of 39.22, down 5.70% and a trading volume of 22,000 shares, totaling 89.51 million yuan [2] - BiYi Co. (code: 603215) with a closing price of 21.03, down 4.84% and a trading volume of 82,500 shares, totaling 177 million yuan [2] Capital Flow - The small home appliance sector saw a net outflow of 114 million yuan from institutional investors, while retail investors had a net inflow of 72.05 million yuan [2][3] - Specific stock capital flows included: - KaiNeng Health (code: 300272) with a net inflow of 12.42 million yuan from institutional investors [3] - SuBoEr (code: 002032) with a net inflow of 7.08 million yuan from institutional investors [3]

Market Overview - The small home appliance sector experienced a decline of 0.16% on September 2, with Beiyikang leading the drop [1] - The Shanghai Composite Index closed at 3858.13, down 0.45%, while the Shenzhen Component Index closed at 12553.84, down 2.14% [1] Stock Performance - Notable gainers included: - Ecovacs (603486) with a closing price of 96.29, up 3.54% on a trading volume of 95,300 shares and a turnover of 909 million [1] - Hongzhi Technology (870726) closed at 17.90, up 2.29% with a trading volume of 30,700 shares and a turnover of 54.37 million [1] - Yanshida (002403) closed at 15.39, up 2.19% with a trading volume of 163,700 shares and a turnover of 248 million [1] - Notable decliners included: - Beiyikang (870199) closed at 41.59, down 4.87% with a trading volume of 30,400 shares and a turnover of 127 million [2] - Fujia Shares (603219) closed at 18.08, down 3.21% with a trading volume of 99,600 shares and a turnover of 180 million [2] - Rainbow Group (003023) closed at 22.38, down 2.57% with a trading volume of 40,700 shares and a turnover of 91.56 million [2] Capital Flow - The small home appliance sector saw a net outflow of 281 million from institutional investors, while retail investors contributed a net inflow of 110 million [2] - The capital flow for individual stocks showed: - Yanshida had a net inflow of 8.90 million from institutional investors, but a net outflow of 15.74 million from retail investors [3] - Ecovacs had a net inflow of 7.28 million from institutional investors, with a net outflow of 13.91 million from retail investors [3] - Beiyikang experienced a significant net outflow of 6.87 million from retail investors [3]

Group 1 - The small home appliance sector experienced a decline of 1.38% on September 1, with Ecovacs leading the drop [1] - The Shanghai Composite Index closed at 3875.53, up 0.46%, while the Shenzhen Component Index closed at 12828.95, up 1.05% [1] - Key stocks in the small home appliance sector showed varied performance, with Xiaoxiong Electric rising by 5.76% to a closing price of 55.48 [1] Group 2 - Ecovacs saw a significant decline of 4.01%, closing at 93.00, with a trading volume of 97,900 shares and a turnover of 932 million yuan [2] - The small home appliance sector experienced a net outflow of 448 million yuan from main funds, while retail investors contributed a net inflow of 160 million yuan [2] - The trading data indicates that the sector is experiencing mixed investor sentiment, with some stocks like Xiaoxiong Electric performing well while others like Ecovacs are underperforming [2]