Group 1 - The kitchen small appliance market is experiencing a decline in revenue, with companies facing growth pressures and transformation challenges in Q3 2025 [2][3] - Supor reported Q3 revenue of 5.42 billion yuan, a year-on-year decrease of 2.30%, and a net profit of 426 million yuan, down 13.42% [3] - Aishida's Q3 revenue was 684 million yuan, down 16.98%, with a net loss of 62 million yuan, a staggering decline of 1284.20% [3] - Joyoung's Q3 revenue reached 1.598 billion yuan, down 10.99%, but its net profit increased by 101.11% to 854,600 yuan [3] Group 2 - The quality stability of kitchen small appliances has become a critical issue, with frequent reports of product failures affecting consumer trust [3] - Companies are urged to enhance quality management from the source and strengthen control over the downstream production chain to ensure high-quality output [3][4] - The market is shifting towards higher-priced products, with a 17.3% decline in online retail sales during the 2025 Double Eleven period, while the overall average price increased by 6.4% [5] - There remains a strong demand for high-quality, high-performance products, indicating potential for market upgrade [5] - Companies should focus on product quality control, optimize functionality and user experience, and drive structural growth through differentiated innovation [5]

Market Performance - The small home appliance sector increased by 0.65% on January 23, with ST Dehao leading the gains [1] - The Shanghai Composite Index closed at 4136.16, up 0.33%, while the Shenzhen Component Index closed at 14439.66, up 0.79% [1] Stock Performance - ST Dehao (002005) closed at 3.14, up 5.02% with a trading volume of 347,600 shares and a transaction value of 108 million yuan [1] - Other notable performers include: - Beiyikang (6610Z6) at 46.52, up 2.65% [1] - Kaineng Health (300272) at 7.98, up 2.31% [1] - Dechang Co. (605555) at 19.16, up 2.30% [1] - Joyoung (002242) at 10.90, up 1.68% [1] Capital Flow - The small home appliance sector experienced a net outflow of 45.04 million yuan from institutional investors, while retail investors saw a net inflow of 82.44 million yuan [2] - The overall capital flow indicates a mixed sentiment among different investor types [2] Individual Stock Capital Flow - Lek Electric (603355) had a net inflow of 23.46 million yuan from institutional investors but a net outflow of 10.31 million yuan from retail investors [3] - ST Dehao (002005) saw a net inflow of 19.80 million yuan from institutional investors, with retail investors also showing a net outflow [3] - Other stocks like Dechang Co. (605555) and Kaineng Health (300272) also reflected similar trends in capital flow [3]

Group 1 - The small home appliance sector experienced a decline of 0.29% on January 22, with Stone Technology leading the drop [1][3] - The Shanghai Composite Index closed at 4122.58, up 0.14%, while the Shenzhen Component Index closed at 14327.05, up 0.5% [1] - Major stocks in the small home appliance sector showed mixed performance, with notable gainers including Fuhua Co. (+2.37%) and Lek Electric (+2.35%) [1] Group 2 - The small home appliance sector saw a net outflow of 129 million yuan from institutional investors, while retail investors had a net inflow of 65.86 million yuan [3][4] - The top stock by net inflow from retail investors was Delmar, with a net inflow of 294.08 million yuan, indicating strong retail interest [4] - The overall trading volume in the small home appliance sector was significant, with Fuhua Co. and Lek Electric leading in transaction amounts [1][3]

Market Performance - The small home appliance sector increased by 0.5% compared to the previous trading day, with Lek Electric leading the gains [1] - The Shanghai Composite Index closed at 4116.94, up 0.08%, while the Shenzhen Component Index closed at 14255.12, up 0.7% [1] Individual Stock Performance - Lek Electric (603355) closed at 36.60, up 4.30%, with a trading volume of 52,700 shares and a transaction value of 190 million [1] - Other notable performers include: - Fuhua Co. (603219) at 18.15, up 2.60% [1] - Hongzhi Technology (920926) at 17.98, up 1.87% [1] - Liren Technology (001259) at 32.41, up 1.34% [1] - Xiaoneng Electric (002959) at 45.18, up 1.21% [1] - Ecovacs (603486) at 83.39, up 1.01% [1] Capital Flow Analysis - The small home appliance sector experienced a net outflow of 29.33 million from institutional investors and 43.37 million from retail investors, while retail investors saw a net inflow of 72.71 million [2] - Notable capital flows for specific stocks include: - Stone Technology (688169) had a net inflow of 24.03 million from institutional investors [3] - Lek Electric (603355) saw a net inflow of 19.94 million from institutional investors [3] - Fuhua Co. (603219) had a net inflow of 11.04 million from institutional investors [3]

Market Overview - The small home appliance sector experienced a decline of 0.94% on January 20, with Lek Electric leading the drop [1] - The Shanghai Composite Index closed at 4113.65, down 0.01%, while the Shenzhen Component Index closed at 14155.63, down 0.97% [1] Stock Performance - Notable gainers in the small home appliance sector included: - Beiyikang (Code: 6610Z6) with a closing price of 46.45, up 4.74% and a trading volume of 34,000 shares, totaling 154 million yuan [1] - ST Dehao (Code: 002005) closed at 3.13, up 3.64% with a trading volume of 303,400 shares, totaling approximately 93.59 million yuan [1] - Major decliners included: - Lek Electric (Code: 603355) closed at 35.09, down 2.91% with a trading volume of 52,800 shares, totaling 186 million yuan [2] - Stone Technology (Code: 688169) closed at 152.33, down 2.60% with a trading volume of 52,700 shares, totaling 812 million yuan [2] Capital Flow - The small home appliance sector saw a net outflow of 140 million yuan from institutional investors, while retail investors experienced a net inflow of 56.31 million yuan [2] - Key stocks in terms of capital flow included: - Aikan Health (Code: 300272) with a net inflow of 17.69 million yuan from institutional investors, but a net outflow of 34.55 million yuan from retail investors [3] - Biyi Co. (Code: 603215) had a net inflow of 14.55 million yuan from institutional investors, with a net outflow of 29.66 million yuan from retail investors [3]

Core Viewpoint - The company, Supor, has announced that its wholly-owned subsidiary, Shaoxing Supor Household Appliances Co., Ltd., and Zhejiang Futenbao Home Products Co., Ltd. have received the "High-tech Enterprise Certificate" from relevant authorities, which will allow them to enjoy preferential tax policies for three years [1][2]. Group 1 - The "High-tech Enterprise Certificate" is valid for three years [1]. - The subsidiaries will benefit from a corporate income tax rate of 15% from January 1, 2025, to December 31, 2027, under the relevant tax regulations for high-tech enterprises [1].

格隆汇1月19日丨苏泊尔(002032.SZ)公布，全资子公司浙江绍兴苏泊尔生活电器有限公司（简称"绍兴 苏泊尔公司"）和浙江福腾宝家居用品有限公司（简称"浙江福腾宝公司"）近日收到浙江省经济和信息 化厅、浙江省财政厅、国家税务总局浙江省税务局批准核发的《高新技术企业证书》。 ...

Core Viewpoint - Supor's subsidiaries have been recognized as high-tech enterprises, allowing them to benefit from preferential tax policies for the next three years [1] Group 1: Company Recognition - Supor's wholly-owned subsidiary, Zhejiang Shaoxing Supor Household Appliances Co., Ltd., and Zhejiang Futengbao Home Products Co., Ltd. have received the "High-tech Enterprise Certificate" from relevant authorities [1] - The validity of the "High-tech Enterprise Certificate" is three years, from January 1, 2025, to December 31, 2027 [1] Group 2: Tax Benefits - Following the re-certification as high-tech enterprises, the companies will enjoy a corporate income tax rate of 15% for three consecutive years [1] - This tax rate is in accordance with the Corporate Income Tax Law of the People's Republic of China and related tax regulations for high-tech enterprises [1]

浙江苏泊尔股份有限公司（以下简称"公司"、"本公司"或"苏泊尔"）全资子公司浙江绍兴 苏泊尔生活电器有限公司（以下简称"绍兴苏泊尔公司"）和浙江福腾宝家居用品有限公司（以下简 称"浙江福腾宝公司"）近日收到浙江省经济和信息化厅、浙江省财政厅、国家税务总局浙江省税务 局批准核发的《高新技术企业证书》，具体情况如下： | 序号 | 证书名称 | 有效期 | 发证时间 | 证书编号 | 企业名称 | | --- | --- | --- | --- | --- | --- | | 1 | 高新技术 | 三年 | 2025年12月19日 | GR202533007026 | 浙江绍兴苏泊尔生活电器有限 | | | 企业证书 | | | | 公司 | | 2 | 高新技术 企业证书 | 三年 | 2025年12月19日 | GR202533004282 | 浙江福腾宝家居用品有限公司 | 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：2026-001 浙江苏泊尔股份有限公司 关于全资子公司获得高新技术企业证书的公告 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 ...

Core Insights - As of January 15, a total of 123 stocks in the Shanghai and Shenzhen markets have experienced net buying from major funds for five consecutive days or more [1] - The stocks with the longest streak of net buying are Funiu Co., Ltd. and Fenglong Co., Ltd., both having received net purchases for 13 consecutive trading days [1] - Other notable stocks with significant net buying days include Jingwei Hengrun-W, Changshu Automotive Trim, Anhui Heli, Shanghai Airport, Xianglu Tungsten, Supor, Yong'an Forestry, and Suning Universal [1]