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]

Market Overview - The small home appliance sector experienced a decline of 0.63% on September 26, with Hongzhi Technology leading the drop [1] - The Shanghai Composite Index closed at 3828.11, down 0.65%, while the Shenzhen Component Index closed at 13209.0, down 1.76% [1] Stock Performance - Key stocks in the small home appliance sector showed mixed performance, with the following notable movements: - Ecovacs (603486) closed at 106.45, up 0.42% with a trading volume of 41,500 and a turnover of 441 million [1] - Liren Technology (001259) closed at 25.74, up 0.27% with a trading volume of 7,920 and a turnover of 20.29 million [1] - Hongzhi Technology (870726) closed at 18.95, down 4.29% with a trading volume of 24,400 and a turnover of 46.58 million [2] Capital Flow - The small home appliance sector saw a net outflow of 27.98 million from institutional investors, while retail investors contributed a net inflow of 27.29 million [2] - The capital flow for key stocks indicated that: - Stone Technology (688169) had a net inflow of 52.13 million from institutional investors, but a net outflow of 47.69 million from speculative funds [3] - Ecovacs (603486) experienced a net outflow of 1.45 million from institutional investors, while speculative funds saw a net inflow of 47.30 million [3]

Core Viewpoint - Jiuyang Co., Ltd. has experienced a decline in stock price and financial performance, indicating potential challenges in the kitchen small appliance market [1][2]. Financial Performance - As of June 30, 2025, Jiuyang reported a revenue of 3.987 billion yuan, a year-on-year decrease of 9.11% [2]. - The net profit attributable to shareholders was 123 million yuan, down 30.02% compared to the previous year [2]. - Year-to-date, Jiuyang's stock price has dropped by 8.82%, with a 3.82% decline over the last five trading days and a 10.65% drop over the last 20 days [1]. Shareholder Information - As of June 30, 2025, the number of Jiuyang shareholders was 41,400, a decrease of 5.22% from the previous period [2]. - The average circulating shares per shareholder increased by 5.50% to 18,510 shares [2]. - The company has distributed a total of 8.39 billion yuan in dividends over the past three years [3]. Stockholder Composition - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 4.6641 million shares, a decrease of 502,900 shares [3]. - Southern CSI 1000 ETF increased its holdings by 517,200 shares to 2.8228 million shares [3]. - Guangfa Pension Index A is a new entrant among the top ten shareholders, holding 1.8064 million shares [3]. Business Overview - Jiuyang specializes in the research, production, and sales of kitchen small appliances, with main revenue sources being nutrition cookers (39.65%), food processors (36.67%), Western-style appliances (18.28%), cookware (3.69%), and other products (1.72%) [1].

Market Overview - The small home appliance sector increased by 1.38% on September 16, with Bi Yi Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3861.87, up 0.04%, while the Shenzhen Component Index closed at 13063.97, up 0.45% [1] Top Performers - Bi Yi Co., Ltd. (603215) closed at 22.65, up 10.00% with a trading volume of 93,300 shares and a turnover of 204 million yuan [1] - Fu Jia Co., Ltd. (603219) closed at 19.49, up 6.50% with a trading volume of 189,400 shares and a turnover of 363 million yuan [1] - De Chang Co., Ltd. (605555) closed at 18.10, up 5.48% with a trading volume of 179,500 shares and a turnover of 319 million yuan [1] Market Capital Flow - The small home appliance sector saw a net inflow of 56.71 million yuan from institutional investors, while retail investors experienced a net inflow of 5.81 million yuan [2] - The sector faced a net outflow of 62.53 million yuan from speculative funds [2] Individual Stock Capital Flow - Bi Yi Co., Ltd. had a net inflow of 66.99 million yuan from institutional investors, but a net outflow of 32.30 million yuan from speculative funds [3] - De Chang Co., Ltd. experienced a net inflow of 30.21 million yuan from institutional investors, with a net outflow of 29.60 million yuan from speculative funds [3] - Fu Jia Co., Ltd. had a net inflow of 9.49 million yuan from institutional investors, but a net outflow of 12.61 million yuan from speculative funds [3]

Group 1 - The core point of the announcement is the election of the seventh board of directors for Joyoung Co., Ltd., with Zhu Hongtao elected as the employee representative director for a term of three years [1][3] - The seventh board will consist of seven directors, including one employee representative, in compliance with the Company Law and the company's articles of association [1][3] - The employee representative director has been confirmed to meet all qualifications and conditions as per relevant laws and regulations [1][3] Group 2 - The second extraordinary general meeting of shareholders was held on September 15, 2025, with a total of 143 shareholders and representatives present, representing 390,376,541 shares, which is 51.1622% of the total voting shares [10][11] - The meeting adopted a combination of on-site voting and online voting, with specific time slots for each method [5][7] - The meeting approved several proposals, including the independent director's allowance and amendments to the company's articles of association, with significant support from shareholders [15][16][18] Group 3 - The first meeting of the seventh board of directors was held on September 15, 2025, where Yang Ningning was elected as the chairperson of the board [31][32] - The board also elected Han Run as the vice-chairperson and appointed Qian Jiangang as the financial officer, with all appointments effective immediately [33][34][35] - The board established various specialized committees, including the audit committee and the nomination committee, to enhance corporate governance [39]

一、备查文件 1、职工代表大会决议。 特此公告 证券代码：002242 证券简称：九阳股份 公告编号：2025-037 九阳股份有限公司 关于选举第七届董事会职工代表董事的公告 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 性陈述或重大遗漏。 鉴于九阳股份有限公司（以下简称：公司）第六届董事会任期即将届满，结 合公司实际情况，根据《中华人民共和国公司法》（以下简称：《公司法》）、 《公司章程》和《董事会议事规则》等有关规定，公司第七届董事会将由 7 名董 事组成，其中职工代表出任的董事 1 名，由公司职工代表大会选举产生。 为保证董事会的正常运行，公司于 2025 年 9 月 15 日在公司会议室召开职 工代表大会。经职工代表表决审议，一致同意选举朱宏韬先生（简历附后）担任 公司第七届董事会职工代表董事，任期三年，自股东会选举董事会其他非职工代 表董事之日起计算。 上述职工代表董事符合《公司法》《公司章程》有关董事任职的资格和条件。 公司第七届董事会中拟兼任高级管理人员的董事以及由职工代表担任的董事，总 计不超过公司董事会总人数的二分之一，符合相关法律法规和《公司章程》的规 定 ...

证券代码：002242 证券简称：九阳股份 公告编号：2025-0 38 九阳股份有限公司 关于 2025 年第二次临时股东会决议公告 本公司及董事会全体成员保证信息披露内容真实、准确和完整，没有虚假记载、误导性 陈述或者重大遗漏。 特别提示： 1、本次股东会无增加、修改、否决议案的情况； 2、本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开情况 1、 股东会届次：2025 年第二次临时股东会 2、 会议召集人：九阳股份有限公司（以下简称"公司"）董事会 3、会议召开时间： 1）现场会议时间：2025 年 9 月 15 日（星期一）15:00 2）网络投票时间：2025 年 9 月 15 日 通过深圳证券交易所交易系统进行网络投票的时间为 2025 年 9 月 15 日 9:15－9:25、9:30－11:30，13:00－15:00；通过深圳证券交易所互联网投票系 统投票的时间为 2025 年 9 月 15 日 9:15－15:00 期间的任意时间。 股东应选择现场表决、网络投票中的一种方式进行表决，如果同一表决权出 现重复投票表决的，以第一次有效投票表决结果为准。 7、会议主持人：公司董事长杨宁 ...

关于 九阳股份有限公司 2025 年第二次临时股东会的 法律意见书 国浩律师（上海）事务所 九阳股份有限公司（以下简称"公司"）2025 年第二次临时股东会（以下简 称"本次股东会"）现场会议于 2025 年 9 月 15 日（星期一）下午 15:00 在杭州 市钱塘区下沙街道银海街 760 号杭州公司会议室召开。国浩律师（上海）事务所 （以下简称"本所"）接受公司的委托，指派林琳律师、李晗律师（以下简称"本 上海市静安区山西北路 99 号苏河湾中心 25-28 楼。邮编：200085 电话: (8621) 5234-1668 传真: (8621) 5243-3320 网址：http://www.grandall.com.cn 国浩律师（上海）事务所 股东会法律意见书 国浩律师（上海）事务所 关于九阳股份有限公司 2025 年第二次临时股东会的法律意见书 致：九阳股份有限公司 所律师"）出席会议并见证。现依据《中华人民共和国公司法》《中华人民共和国 证券法》和《九阳股份有限公司章程》（以下简称"《公司章程》"）出具本法律意 见书。 本所律师按照有关法律、法规及规范性文件的规定对本次股东会的召集、召 开程序是否 ...

证券代码：002242 证券简称：九阳股份 公告编号：2025-039 九阳股份有限公司 第七届董事会第一次会议决议公告 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 性陈述或重大遗漏。 一、董事会会议召开情况 九阳股份有限公司（以下简称：公司、本公司）于 2025 年 8 月 28 日以书 面的方式发出关于召开公司第七届董事会第一次会议的通知，会议于 2025 年 9 月 15 日以现场和通讯表决相结合的方式召开。本次会议应参与表决董事 7 名， 实际参与表决董事 7 名。会议由全体董事共同推举杨宁宁女士主持。本次会议的 召集、召开与表决程序符合《公司法》和《公司章程》等的有关规定，合法有效。 董事会就以下议案进行了审议，经书面表决，通过决议如下： 二、董事会会议审议情况 1、审议通过《关于选举公司第七届董事会董事长的议案》 表决结果：6 票同意，0 票反对，0 票弃权，1 票回避。董事杨宁宁女士为 第七届董事会董事长候选人，回避表决。 同意选举杨宁宁女士为公司第七届董事会董事长，任期自本次董事会审议通 过之日起至第七届董事会任期届满之日止。 杨宁宁女士的简历详见巨潮资讯网h ...