Financial Performance - In the first half of 2025, the company achieved operating revenue of 1.353 billion CNY, a decrease of 1.95% compared to the same period last year [2] - Revenue from headphone products was 790 million CNY, down 10.85% year-on-year; while revenue from speaker products was 508 million CNY, an increase of 17.40% year-on-year [2] - Gross profit margin stood at 40.36%, remaining stable year-on-year [2] - Domestic sales revenue was 1.043 billion CNY, a decline of 5.93% year-on-year; export revenue increased by 14.30% [2] Product Development and Innovation - The company launched several new products in 2025, including: - Evo headphones weighing only 3.8g and TWS X1 with adaptive noise cancellation [3] - Lolli ANC headphones with a noise reduction depth of -48dB [3] - OWS LolliClip AI, an open-style active noise-canceling ear clip [3] - The company is focusing on the rapidly growing open-ear headphone market, with over ten models launched to date [5] Market Strategy - The company is enhancing its overseas operations and expanding international e-commerce channels, leading to rapid growth in export business [3] - A dual-line endorsement strategy was implemented in 2025, partnering with local celebrities in Thailand and popular actors in Japan to reach core Asian markets [5] Investor Relations - The investor relations activity involved discussions about the company's current status and performance, with no significant undisclosed information leaked [5] - The meeting was attended by representatives from various investment firms, including CITIC Securities and E Fund [2]

Core Viewpoint - The stock price of Edifier has declined significantly, with a year-to-date drop of 20.80% and a recent 5-day decline of 7.54%, indicating potential challenges in the company's performance and market perception [1]. Financial Performance - For the first half of 2025, Edifier reported a revenue of 1.353 billion yuan, a year-on-year decrease of 1.95%, and a net profit attributable to shareholders of 200 million yuan, down 9.07% compared to the previous year [2]. - Cumulatively, Edifier has distributed 1.632 billion yuan in dividends since its A-share listing, with 578 million yuan distributed over the last three years [3]. Shareholder and Market Activity - As of June 30, 2025, the number of Edifier's shareholders increased to 75,300, with an average of 6,922 shares held per shareholder, a decrease of 2.75% from the previous period [2]. - The major shareholders include Hong Kong Central Clearing Limited, which holds 15.1502 million shares, a decrease of 11.4228 million shares from the previous period [3].

Core Viewpoint - The company, Edifier Technology Co., Ltd., experienced a decline in stock price and trading volume on October 16, with a drop of 1.87% and a trading volume of 173 million yuan, indicating potential investor concerns [1]. Financing Summary - On October 16, Edifier had a financing buy-in amount of 28.11 million yuan and a financing repayment of 17.11 million yuan, resulting in a net financing buy of 11.01 million yuan [1]. - As of October 16, the total financing and securities lending balance for Edifier was 333 million yuan, with the financing balance of 332 million yuan accounting for 2.84% of the circulating market value, which is above the 70th percentile level over the past year, indicating a high level of financing activity [1]. - In terms of securities lending, Edifier had no shares repaid on October 16, with 2,600 shares sold short, amounting to 34,200 yuan at the closing price. The remaining short selling volume was 128,300 shares, with a short selling balance of 1.69 million yuan, also above the 80th percentile level over the past year [1]. Business Performance Summary - As of June 30, Edifier had 75,300 shareholders, an increase of 2.83% from the previous period, with an average of 6,922 circulating shares per person, a decrease of 2.75% [2]. - For the first half of 2025, Edifier reported operating revenue of 1.353 billion yuan, a year-on-year decrease of 1.95%, and a net profit attributable to shareholders of 200 million yuan, down 9.07% year-on-year [2]. - Since its A-share listing, Edifier has distributed a total of 1.632 billion yuan in dividends, with 578 million yuan distributed over the past three years [2]. Shareholding Structure Summary - As of June 30, 2025, the top ten circulating shareholders of Edifier included Hong Kong Central Clearing Limited as the third-largest shareholder with 15.15 million shares, a decrease of 11.42 million shares from the previous period [2]. - The Southern CSI 1000 ETF ranked as the ninth-largest circulating shareholder with 4.10 million shares, an increase of 0.7681 million shares from the previous period [2]. - The Yinhua Digital Economy Stock Initiation A ranked as the tenth-largest circulating shareholder with 2.86 million shares, a decrease of 0.4934 million shares from the previous period, while the Invesco Great Wall Prosperity Growth Mixed A exited the top ten circulating shareholders [2].

Core Points - The stock price of the company, Edifier, dropped by 2.02% on October 16, reaching 13.12 CNY per share, with a total market capitalization of 11.665 billion CNY [1] - Year-to-date, Edifier's stock has decreased by 19.26%, with a 6.62% drop over the last five trading days [1] - The company's main business segments include headphones (58.42% of revenue), audio systems (37.57%), and others (3.61%), with automotive audio contributing 0.39% [1] Financial Performance - For the first half of 2025, Edifier reported a revenue of 1.353 billion CNY, a year-on-year decrease of 1.95%, and a net profit of 200 million CNY, down 9.07% compared to the previous year [2] - Cumulative cash dividends since the company's A-share listing amount to 1.632 billion CNY, with 578 million CNY distributed over the last three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders increased by 2.83% to 75,300, while the average number of circulating shares per person decreased by 2.75% to 6,922 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 15.1502 million shares, a decrease of 11.4228 million shares from the previous period [3]

深圳市漫步者科技股份有限公司 关于公司董事股份减持计划实施完成的公告 证券代码：002351 证券简称：漫步者 公告编号：2025-033 深圳市漫步者科技股份有限公司 2. 本次减持前后持股情况 关于公司董事股份减持计划实施完成的公告 股东王晓红女士保证向本公司提供的信息内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 深圳市漫步者科技股份有限公司（以下简称"公司"）于 2025 年 7 月 30 日 在《证券时报》、《中国证券报》及巨潮资讯网（www.cninfo.com.cn）披露了《关 于公司董事股份减持计划的预披露公告》（公告编号：2025-025）。 公司于近日收到股东王晓红女士出具的《关于股份减持计划实施完成的告知 函》。王晓红女士本次减持计划已实施完成，现将具体情况公告如下： 一、 股东减持情况 1. 股东减持股份情况 | 股东名称 | 减持方式 | | 减持期间 | | | | 减持均价 （元/股） | 减持股数 （股） | 减持比例 （%） | | --- | --- | --- | --- | --- | - ...

Group 1 - The consumer electronics sector saw a slight increase of 0.1% on September 25, with Jiebang 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] - Notable gainers in the consumer electronics sector included Jiebang Technology, which rose by 15.95% to a closing price of 134.50, and Zhidong Technology, which increased by 12.67% to 16.10 [1] Group 2 - The consumer electronics sector experienced a net outflow of 3.123 billion yuan from institutional investors, while retail investors saw a net inflow of 3.2 billion yuan [2] - Major stocks with significant net inflows from retail investors included Gaor Technology, which had a net inflow of 3.52 million yuan, and Xinya Electronics with 3.13 million yuan [3] - Conversely, stocks like Longyang Electronics and Yingqu Technology faced notable net outflows from both institutional and retail investors, indicating a shift in market sentiment [3]

北京市万商天勤律师事务所 关于 深圳市漫步者科技股份有限公司 2025 年第二次临时股东大会的 法律意见书 北京市朝阳区建国门外大街 8 号北京国际财源中心 A 座 32 层 100022 电话：+86 10 82255588 www.vtlaw.cn 北京 深圳 上海 成都 武汉 西安 长沙 杭州 海口 南京 广州 昆明 福州 重庆 天津 合肥 郑州 香港(联营) 北京市万商天勤律师事务所 关于深圳市漫步者科技股份有限公司 2025 年第二次临时股东大会的 法律意见书 致：深圳市漫步者科技股份有限公司 根据《中华人民共和国证券法》《中华人民共和国公司法》及中国证券监督管理 委员会《上市公司股东会规则》（以下称"《股东会规则》"）等法律、法规和规范性文 件的规定，北京市万商天勤律师事务所（以下称"本所"）接受深圳市漫步者科技股 份有限公司（以下称"公司"）的委托，指派律师参加公司 2025 年第二次临时股东大 会，并出具法律意见。 本所律师同意将本法律意见书随公司本次股东大会决议一并予以公告，并依法对 本法律意见书承担相应的责任。 本所律师根据《股东会规则》第六条的要求，按照律师行业公认的业务标准、道 德规范 ...

深圳市漫步者科技股份有限公司 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公告内容的真实、准确和完整，并对公告中的 虚假记载、误导性陈述或重大遗漏承担责任。 一、 重要提示 1. 本次股东会无增加、变更、否决提案的情况； 深圳市漫步者科技股份有限公司 2025 年第二次临时股东会决议公告 证券代码：002351 证券简称：漫步者 公告编号：2025-032 2. 本次审议的提案 1、提案 2.01、提案 2.02 为特别决议事项，需经出席会 议的股东所持表决权的 2/3 以上通过方可实施。 二、 会议召开的情况 1. 会议召开时间： （1）现场会议时间：2025 年 9 月 23 日（星期二）下午 14:30 起 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时 间为：2025 年 9 月 23 日 09:15~09:25，09:30~11:30，13:00~15:00；通过深圳 证券交易所互联网投票系统投票的开始时间（2025 年 9 月 23 日 9:15）至投票 结束时间（2025 年 9 月 23 日 15:00）期间的任意时间。 2. 现场会议召开地点：广东省东莞 ...

Core Points - The Shanghai Composite Index closed at 3822.59 points, above the six-month moving average, with a slight increase of 0.07% [1] - The total trading volume of A-shares reached 13556.41 billion yuan, indicating active market participation [1] - A total of 49 A-shares have surpassed the six-month moving average, with notable stocks showing significant deviation rates [1] Summary by Category Market Performance - The Shanghai Composite Index is currently at 3822.59 points, reflecting a 0.07% increase [1] - The total trading volume for A-shares today is 13556.41 billion yuan [1] Stocks Surpassing Six-Month Moving Average - 49 A-shares have broken through the six-month moving average [1] - Stocks with the highest deviation rates include: - Shengyuan Environmental Protection: 6.76% - Zhixin Electronics: 6.18% - Weixing Intelligent: 6.16% [1] Additional Stock Information - Other stocks that have recently crossed the six-month line with lower deviation rates include: - Shuanglu Pharmaceutical - China Merchants Jiyu - Libote [1]

Group 1 - Company Edifier (SZ 002351) announced that on September 18, 2025, it will accept investor research from CITIC Securities and other investors, with the company's investor relations director Zhang Bei participating in the reception and answering questions from investors [1] - For the first half of 2025, Edifier's revenue composition is entirely from the electronics industry, with a 100.0% share [2] - As of the time of reporting, Edifier's market capitalization stands at 11.7 billion yuan [3]