Market Overview - The small home appliance sector experienced a decline of 0.42% on September 29, with Xinbao Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 3862.53, up 0.9%, while the Shenzhen Component Index closed at 13479.43, up 2.05% [1] Stock Performance - Notable gainers in the small home appliance sector included: - Biyi Co., Ltd. (603215) with a closing price of 22.38, up 3.90% and a trading volume of 185,400 shares, totaling 422 million yuan [1] - ST Dehao (002005) closed at 2.40, up 3.45% with a trading volume of 168,000 shares, totaling 40.13 million yuan [1] - Major decliners included: - Xinbao Co., Ltd. (002705) with a closing price of 15.69, down 1.81% and a trading volume of 85,200 shares, totaling 133 million yuan [2] - Supor (002032) closed at 47.79, down 1.40% with a trading volume of 19,900 shares, totaling 95.41 million yuan [2] Capital Flow - The small home appliance sector saw a net outflow of 19.45 million yuan from institutional investors, while retail investors experienced a net outflow of 8.96 million yuan [2] - Conversely, speculative funds recorded a net inflow of 28.41 million yuan [2] Individual Stock Capital Flow - Biyi Co., Ltd. (603215) had a net outflow of 29.01 million yuan from institutional investors, with a net inflow of 10.83 million yuan from speculative funds [3] - Covos (603486) saw a net inflow of 17.62 million yuan from institutional investors, while retail investors had a net outflow of 15.22 million yuan [3] - Other notable stocks included: - ST Dehao (002005) with a net inflow of 3.48 million yuan from institutional investors [3] - Kaineng Health (300272) with a net inflow of 3.47 million yuan from institutional investors [3]

Core Insights - The Chinese vacuum sealing machine industry is experiencing rapid growth, with a market size projected to reach 17.157 billion yuan in 2024, representing a year-on-year increase of 19.90% [1][4][8] - The demand for vacuum sealing machines is significantly driven by the health food trend, with pre-packaged meals and fresh e-commerce contributing to increased consumer focus on food freshness and safety [1][4] - Non-food sectors, such as pharmaceuticals and electronics, are also expanding the application scenarios for vacuum sealing machines, leading to higher performance and reliability requirements [1][4] Industry Overview - Vacuum sealing machines are designed to remove air from packaging to extend the shelf life of products, primarily by inhibiting microbial growth and oxidation [2][4] - The machines are widely used across various sectors, including food, pharmaceuticals, electronics, and more, categorized into internal and external vacuum sealing machines based on their vacuuming methods [2][4] Industry Value Chain - The upstream of the vacuum sealing machine industry includes materials like plastics, metals, electronic components, and rubber, while the midstream focuses on manufacturing [4] - The downstream applications span food, electronics, pharmaceuticals, hardware, chemicals, and cosmetics [4] Market Size - The vacuum sealing machine market in China is set to grow significantly, with a projected market size of 17.157 billion yuan in 2024, driven by health trends and increased investment in vacuum packaging equipment [1][4][8] Key Companies' Performance - Major players like Midea, Supor, and Bear are leading the market, leveraging technology and brand advantages to capture significant market shares [8] - Midea has introduced innovative products with features like high suction power and multiple preservation modes, achieving a revenue of 251.124 billion yuan in the first half of 2025, up 15.58% year-on-year [8][9] - Tai Li Technology focuses on smart operations and eco-friendly materials, reporting a revenue of 577 million yuan in the first half of 2025, though its net profit declined by 21.86% [8][10] Industry Development Trends 1. **Technological Innovation and Smart Upgrades** - The industry is expected to integrate AIoT technologies for enhanced operational efficiency, with companies like Midea and Tai Li leading in smart product development [11][12] 2. **Green Manufacturing and Circular Economy** - Under the "dual carbon" policy, the industry is shifting towards low-carbon production, with companies implementing recycling initiatives and sustainable practices [11][12] 3. **Market Segmentation and Global Expansion** - The market is witnessing a dual trend of high-end and mass-market products, with companies expanding internationally to enhance competitiveness [11][12]

Group 1 - The company Supor (SZ 002032) announced that its 17th meeting of the 8th board of directors was held on September 26, 2025, via telecommunication voting, where it reviewed the proposal regarding the transfer of subsidiary equity [1] - For the first half of 2025, Supor's revenue composition was as follows: 71.11% from the electrical appliance sector, 27.56% from the cookware sector, and 1.33% from other sectors [1] - As of the report date, Supor's market capitalization was 38.8 billion yuan [1]

证券代码：002032 证券简称：苏泊尔 公告编号：2025-051 浙江苏泊尔股份有限公司 关于向激励对象授予股票期权的公告 本公司及董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"）《2025 年股票期权激 励计划（草案）》（以下简称"激励计划"）中股票期权的授予条件已经成就，公司于 2025 年 9 月 26 日召开第八届董事会第十七次会议审议通过了《关于向激励对象授予股票期权的议案》，董事会 同意授予 56 名激励对象 102.60 万份股票期权，授权日为 2025 年 9 月 26 日。现对有关事项公告如 下： 一、股票期权激励计划简述及已履行的相关审批程序 浙江苏泊尔股份有限公司 （一） 股票期权激励计划简述 本激励计划已经公司 2025 年第一次临时股东大会审议通过，主要内容如下： 1、 标的股票种类 本激励计划拟授予激励对象的激励工具为股票期权； 2、 标的股票来源 本激励计划的标的股票来源为公司向激励对象定向发行公司 A 股普通股； 3、 股票期权的行权价格、授予对象及数量 本激励计划授予的 ...

公司简称：苏泊尔 证券代码：002032 上海荣正企业咨询服务（集团）股份有限公司 关于 浙江苏泊尔股份有限公司 2025 年股票期权激励计划授予相关事项 之 独立财务顾问报告 2025 年 9 月 | 一、释义 | 2 | | --- | --- | | 二、声明 | 3 | | 三、基本假设 | 4 | | 四、独立财务顾问意见 | 5 | | （一）本计划已履行的相关审批程序 5 | | | （二）本计划授予条件满足的情况说明 5 | | | （四）本计划的授予情况 6 | | | （五）本次授予对公司经营能力和财务状况的影响 7 | | | （六）结论性意见 7 | | | 五、备查文件及咨询方式 | 7 | | （一）备查文件 7 | | | （二）咨询方式 8 | | 一、释义 以下词语如无特殊说明，在本文中具有如下含义： | 苏泊尔、公司 | | 指 | 浙江苏泊尔股份有限公司 | | --- | --- | --- | --- | | 本激励计划 | | 指 | 浙江苏泊尔股份有限公司 年股票期权激励计划 2025 | | 股票期权 | | 指 | 公司授予激励对象在未来一定期限内以预先确定的 ...

致：浙江苏泊尔股份有限公司 国浩律师（杭州）事务所 苏泊尔 2025 年股票期权激励计划授予事项的法律意见书 国浩律师（杭州）事务所 关 于 浙江苏泊尔股份有限公司 2025 年股票期权激励计划授予事项的 法律意见书 国浩律师（杭州）事务所作为浙江苏泊尔股份有限公司（以下简称"苏泊尔"） 聘请的为其实施 2025 年股票期权激励计划事项提供法律服务的律师，已于 2025 年 8 月出具了《国浩律师（杭州）事务所关于浙江苏泊尔股份有限公司 2025 年 股票期权激励计划之法律意见书》。 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司股权激 励管理办法》等有关法律、法规及规范性文件的规定，按照律师行业公认的业务 标准、道德规范和勤勉尽责精神，遵照中国证券监督管理委员会的要求，就公司 根据本激励计划授予激励对象股票期权（以下简称"本次授予"）所涉及的相关 事宜，出具本法律意见书。 第一部分 引 言 一、律师声明的事项 本所是依法注册具有执业资格的律师事务所，有资格就中国法律、法规、规 范性文件的理解和适用出具法律意见。 本所及经办律师依据《证券法》《律师事务所从事证券法律业务管理办法》 和《律师事务 ...

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：2025-052 浙江苏泊尔股份有限公司 关于子公司股权划转的公告 本公司及董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。 重要内容提示： 浙江苏泊尔股份有限公司于2025年9月26日召开第八届董事会第十七次会议审议通过了《关 于子公司股权划转的议案》，同意公司全资子公司武汉压力锅公司将其持有的武汉炊具公司75% 的股权划转给公司。本次股权划转事宜无需提交公司股东大会审议，董事会审议批准后即可办理 相关手续。具体情况如下： 一、本次股权划转情况概述 为优化公司管理架构，提升公司内部管理效率，优化公司治理结构，武汉压力锅公司拟以 2025 年 8 月 31 日为基准日向本公司划转其持有标的公司 75%的股权。本次拟划转股权的账面净资产 价值约为人民币 38,682 万元。 二、本次划转的具体内容 （一）划出方及标的公司基本情况 1、划出方基本情况 企业名称：武汉苏泊尔压力锅有限公司 1 1、 股权划转所涉标的公司：武汉苏泊尔炊具有限公司（以下简称"武汉炊具公司"或"标 的公司"）。浙江苏泊尔股份有限 ...

一、 审议通过《关于向激励对象授予股票期权的议案》 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：2025-050 浙江苏泊尔股份有限公司 第八届监事会第十七次会议决议公告 本公司及监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。 浙江苏泊尔股份有限公司（以下简称"公司"、"本公司"或"苏泊尔"）第八届监事会第十七 次会议通知已于2025年9月19日以电子邮件方式发出，会议于2025年9月26日以通讯表决的方式召开。 公司本次监事会应参与表决监事3名，实际参与表决监事3名。会议符合《公司法》和《公司章程》 的有关规定，会议由公司监事会主席Philippe SUMEIRE先生召集。 经与会监事认真审议，会议通过了如下决议： 浙江苏泊尔股份有限公司 《关于向激励对象授予股票期权的公告》详见 2025 年 9 月 27 日《证券时报》、《中国证券报》、 《证券日报》和巨潮资讯网 http://www.cninfo.com.cn。 二、 审议通过《关于子公司股权划转的议案》 经监事投票表决，以 3 票同意、0 票反对、0 票弃权、0 票回避的表决结 ...

证券代码：002032 证券简称：苏泊尔 公告编号：2025-049 浙江苏泊尔股份有限公司 第八届董事会第十七次会议决议公告 浙江苏泊尔股份有限公司 浙江苏泊尔股份有限公司（以下简称"公司"、"本公司"或"苏泊尔"）第八届董事会第十七 次会议通知已于 2025 年 9 月 19 日以电子邮件形式发出，会议于 2025 年 9 月 26 日以通讯表决的方 式召开。公司本次董事会应参加表决董事 9 人，实际参加表决董事 9 人。会议符合《公司法》和《公 司章程》的有关规定，会议由董事长 Thierry de LA TOUR D'ARTAISE 先生召集。 经与会董事认真审议，形成以下决议： 一、审议通过《关于向激励对象授予股票期权的议案》 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。 鉴于公司 2025 年股票期权激励计划授予条件已经成就，公司董事会根据 2025 年第一次临时股 东大会的授权确定 2025 年 9 月 26 日为授权日，向符合条件的 56 名激励对象授予 102.60 万份股票 期权。 经董事投票表决，以 9 票同意、0 票反对、0 票弃权、 ...

Market Overview - On September 25, the small home appliance sector rose by 0.68% compared to the previous trading day, with Stone Technology leading the gains [1] - The Shanghai Composite Index closed at 3853.3, down 0.01%, while the Shenzhen Component Index closed at 13445.9, up 0.67% [1] Stock Performance - Key stocks in the small home appliance sector showed varied performance, with Stone Technology (688169) closing at 210.25, up 4.50%, and Kewo (603486) closing at 106.00, up 1.84% [1] - Other notable performers included ST Dehao (002005) at 2.33, up 1.75%, and Kaineng Health (300272) at 6.56, up 1.55% [1] Trading Volume and Value - The trading volume for Stone Technology was 48,000 shares, with a transaction value of 1.008 billion [1] - Kewo had a trading volume of 45,500 shares, with a transaction value of 481 million [1] Capital Flow Analysis - The small home appliance sector experienced a net outflow of 134 million from institutional investors, while retail investors saw a net inflow of 148 million [3] - The capital flow for key stocks indicated that Kaineng Health had a net inflow of 17.07 million from institutional investors, while Bi Yi Co. (603215) had a net inflow of 13.25 million [4] ETF Performance - The Food and Beverage ETF (515170) tracked the sub-index with a recent five-day decline of 2.84% and a P/E ratio of 20.37 [6] - The Gaming ETF (159869) showed a five-day decline of 1.25% with a P/E ratio of 45.91 [6] - The Cloud Computing 50 ETF (516630) had a five-day increase of 1.94% with a P/E ratio of 123.26 [7]