Core Viewpoint - The domestic small home appliance market is experiencing intense competition and slowing growth, prompting many listed companies to focus on overseas markets for expansion [1][2]. Company Summary - Aishida Co., Ltd. plans to invest up to 150 million RMB (approximately 20.84 million USD) to establish a subsidiary in Vietnam for cooking utensils, small appliances, and industrial robots [1][2]. - The project aims to build a production and service system to shorten supply chain response times and better meet overseas customer demands, enhancing Aishida's market share and international brand recognition [2]. - Aishida's overseas sales revenue reached 1.34 billion RMB in 2024, a year-on-year increase of 39.79%, with the proportion of total revenue rising from 39.01% in 2023 to 45.80% in 2024 [2]. - The investment in Vietnam is a key move in Aishida's internationalization strategy, focusing on global market reconfiguration and cost structure optimization [2]. Industry Summary - Other small appliance companies are also expanding internationally, with Supor achieving 7.502 billion RMB in overseas sales in 2024, a 21.07% increase [3]. - Bear Electric's overseas sales reached 668 million RMB in 2024, growing by 80.81%, with a focus on Southeast Asia, Japan, South Korea, Europe, and North America [3]. - Beiding Crystal Technology's overseas revenue was 231 million RMB in 2024, up 36.15%, utilizing online and offline channels to cater to local market needs [3]. - Data from the China Electromechanical Products Import and Export Chamber indicates that kitchen and personal care appliance exports grew by 9.1% and 16.9% respectively in 2024 [4]. - The overall retail sales of kitchen small appliances declined by 0.8% in 2024, while the personal care appliance market showed mixed results, with only hair dryers experiencing growth [4]. - The future growth of Chinese small appliance companies is expected to rely on overseas market expansion, while domestic market success will depend on brand strength, user engagement, and product innovation [4].

Core Viewpoint - The signing of the "China-US Geneva Economic and Trade Talks Joint Statement" has not alleviated foreign trade manufacturers' concerns about their products' circulation in overseas markets. Companies like Aishida are increasingly investing overseas to mitigate potential adverse impacts from changing international trade dynamics [1][2]. Group 1: Company Strategy - Aishida plans to establish a subsidiary in Vietnam to invest in cookware, small appliances, and industrial robots, with a budget not exceeding 150 million yuan [2]. - The overseas investment aligns with Aishida's long-term strategic plan to enhance its global presence and respond flexibly to global macroeconomic fluctuations and changes in international trade patterns [2][4]. - Aishida's foreign sales revenue is projected to reach 45.8% by 2024, indicating a significant reliance on international markets [4]. Group 2: Market Conditions - The domestic market is experiencing insufficient growth momentum, prompting companies to seek expansion in overseas markets [5][6]. - The cookware market is facing challenges, with offline retail sales declining by 17.3% year-on-year in Q1 2025, while online sales increased by 10% [5]. - Aishida's internal sales revenue is expected to grow by only 5.8% in 2024, while foreign sales are projected to increase by 39.79% [6]. Group 3: Competitive Landscape - Aishida competes in the international market by producing for well-known brands and also selling its own brand products, although the profit margins for overseas sales are lower compared to domestic sales [7]. - The gross profit margin for domestic sales is 34.85%, while for foreign sales, it is only 24.01% in 2024 [7]. - The company has faced challenges in maintaining profitability, with a decline in revenue and net profit in the first quarter of the current year [7].

一、董事会会议召开情况 爱仕达股份有限公司（以下简称"公司"）第六届董事会第十次会议于 2025 年 5 月 31 日以通讯方式召开，会议通知及会议材料于 2025 年 5 月 27 日以电子 邮件及专人送达方式发出。会议应到董事 7 人，实到董事 7 人，公司监事及高管 人员列席会议。会议由董事长陈合林先生主持，会议的召开程序符合《公司法》 和《公司章程》的规定。 股票代码：002403 股票简称：爱仕达 公告编号：2025-032 爱仕达股份有限公司 第六届董事会第十次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 二、董事会会议审议情况 审议通过《关于公司在越南设立子公司投资建设生产项目的议案》 在当前国际贸易形势变化的大背景下，为践行公司 2025 年炊具、小家电和 工业机器人出海战略，积极拓展东南亚及欧美市场，快速响应海外客户需求，实 现供应链全球化布局，提升公司核心竞争力，公司拟在越南地区投资建设现代化 的炊具、小家电、工业机器人研发、生产和同步建设相应的营销网络。 巨潮资讯网（www.cninfo.com.cn）披露的《关于对外投资 ...

Core Viewpoint - The company Aishida (002403.SZ) plans to invest in Vietnam to establish modern cookware, small appliances, and industrial robot R&D and production, with a total investment not exceeding 150 million RMB [1] Investment Details - The investment amount will primarily be used for setting up a foreign subsidiary, leasing factory space, and constructing production lines and supporting facilities [1] - The stated investment amount is a budget figure, with the actual investment to be determined based on real expenditures [1] Strategic Implications - This investment aims to enhance the company's global layout and increase its market share in overseas markets [1] - The move is also intended to help the company mitigate potential adverse impacts from fluctuations in the global macroeconomic environment [1]

股票代码：002403 股票简称：爱仕达 公告编号：2025-033 爱仕达股份有限公司 关于对外投资的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、交易概述 2、2025 年 5 月 31 日，公司召开第六届董事会第十次会议，审议通过《关 于公司在越南设立子公司投资建设生产项目的议案》。根据《深圳证券交易所股 票上市规则》、《公司章程》和《对外投资管理制度》的相关规定，本次对外投 资在公司董事会决策权限范围内，无须提交公司股东大会审议批准。同时，公司 提请董事会授权公司管理层办理与本次投资建设生产项目相关事宜，包括但不限 于落实投资具体金额、公司注册地及选址、厂房租赁、有权部门审批等事项以及 签署相关文件、合同及办理相关手续等。 本次交易不构成关联交易，不构成《上市公司重大资产重组管理办法》规定 的重大资产重组，不构成重组上市。本次投资为海外投资，在越南设立公司尚需 经商务部门、发改部门和外汇管理等有关主管部门的批准后方可实施，能否取得 相关的备案或审批以及最终取得备案或审批时间存在不确定性。 1、在当前国际贸易形势变化的大背景下，为践行公司 2 ...

Core Viewpoint - The company plans to establish a subsidiary in Vietnam through its wholly-owned subsidiary, aiming to invest in cookware, small appliances, and industrial robotics projects with a total investment not exceeding 150 million RMB (approximately 20.84 million USD) [1] Investment Strategy - The investment is intended to expand the company's presence in Southeast Asia and the European and American markets [1] - The funding for the investment will come from the company's own funds or self-raised funds, ensuring that it will not affect the normal operation of its existing main business [1]

股票代码：002403 股票简称：爱仕达 公告编号：2025-031 爱仕达股份有限公司 2024 年年度权益分派实施公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 爱仕达股份有限公司（以下简称"公司"或"本公司"）于 2025 年 5 月 19 日召开 2024 年年度股东大会，审议通过了《公司 2024 年度利润分配预案》。现 将权益分派事宜公告如下： 一、股东大会审议通过利润分配方案的情况 1、公司 2024 年年度股东大会审议通过的利润分配方案具体内容为：以公司 现有总股本 340,638,579 股为基数，向全体股东每 10 股派送现金 0.18 元（含税）， 不送红股，不以公积金转增股本，预计派发现金分红 6,131,494.42 元。本分配 方案公布后至实施前，如公司总股本因股权激励行权、可转债转股、股份回购等 原因发生变动的，公司将按照现金红利总额不变的原则相应调整每股分配金额。 2、自分配方案披露至实施期间公司股本总额未发生变化。 3、本次实施的分配方案与 2024 年年度股东大会审议通过的分配方案及其调 整原则一致。 4、本次实施分配 ...

Investment Rating - The report suggests a positive outlook for the home appliance industry, indicating strong growth potential in both domestic and emerging markets [4][54]. Core Insights - In April, home appliance exports showed a mixed performance, with a slight increase in quantity (+1.5%) but a decrease in value (-1.7%). Notably, air conditioner exports rose significantly by 14.5% [11][13]. - Emerging markets, particularly Southeast Asia and Africa, demonstrated robust growth in appliance exports, with increases of 70% and 43% respectively [13][16]. - The domestic air conditioner production is expected to increase by 35% in June 2025, driven by improved consumer confidence and government policies [21][23]. Summary by Sections 1. Export Performance - In April, air conditioner exports reached 10.68 million units, a year-on-year increase of 14.5%, while refrigerator exports slightly declined by 0.7% [11][12]. - Southeast Asia and Africa led the growth in appliance exports, with significant increases in export values [13][14]. 2. Production Insights - Air conditioner production in June 2025 is projected at 20.75 million units, a 17% increase year-on-year, with domestic production up by 35.4% [21][23]. - Factors contributing to this growth include enhanced retail market dynamics and government incentives [23]. 3. Market Trends - The home appliance retail sector has maintained high growth, supported by domestic demand and favorable government policies [4][54]. - The report emphasizes the importance of focusing on domestic demand and subsidy-driven growth opportunities in the white goods sector [4][54]. 4. Investment Recommendations - The report recommends focusing on three main lines: domestic demand and subsidies, structural upgrades in the black goods sector, and opportunities in small appliances [4][54].

Group 1 - Qingmu Technology plans to reduce its shareholding by up to 3%, amounting to no more than 2.776 million shares [1] - Newcap received a decision from the police to revoke the case against its actual controller, who was previously detained for insider trading [2] - Rhine Biotech's directors and executives plan to collectively reduce their holdings by up to 0.14%, totaling no more than 1.0185 million shares [3] Group 2 - Puli Tui's stock and convertible bonds will be delisted on May 22, 2025 [5] - *ST Nong Shang will have its delisting risk warning lifted and will resume trading on May 23, 2025 [7] - State Grid Information Communication plans to acquire 100% equity of Yili Technology for approximately 1.853 billion yuan [9] Group 3 - Kelun Pharmaceutical's subsidiary received drug registration approval for a new injectable product, which is the first of its kind in China [10] - Aishida plans to acquire 7% equity of its subsidiary Zhejiang Qianjiang Robot Co., Ltd. for 13.09 million yuan [11] - Hongming Co. is planning to acquire 83% equity of Shenzhen Chisu Automation Equipment Co., Ltd. for approximately 151 million yuan [12] Group 4 - JuJiao Co. plans to reduce its shareholding by up to 2.6%, totaling no more than 2.093 million shares [14] - AVIC Financial's stock will be delisted on May 27, 2025 [16] - Jingwang Electronics' major shareholders plan to reduce their holdings by up to 2.99% [17] Group 5 - Huaren Health intends to acquire stakes in three pharmaceutical chain companies for a total of 327 million yuan [18] - Huanrui Century's original shareholders are required to compensate for unfulfilled performance commitments with 116 million shares [20] - Tefa Service's shareholders plan to reduce their holdings by up to 3% [21] Group 6 - Maipu Medical is planning to acquire at least 51% of Easy Medical's equity, which will constitute a major asset restructuring [22] - *ST Jinshi will have its delisting risk warning lifted and its stock will resume trading on May 23, 2025 [22] - Guoke Micro is planning a major asset restructuring and will suspend trading [23] Group 7 - Defu Technology intends to acquire 100% equity of an overseas electronic circuit copper foil company [24] - Xince Standard's shareholder plans to reduce its holdings by up to 1% [25] - Xiouqiang Co. plans to reduce its holdings by up to 3% [27]

本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、股票交易异常波动情况说明 爱仕达股份有限公司（以下简称"公司"或"本公司"）股票（证券简称： 爱仕达，证券代码：002403）于 2025 年 5 月 20 日、2025 年 5 月 21 日、2025 年 5 月 22 日连续 3 个交易日收盘价格涨幅偏离值累计超过 20%，根据《深圳证券交 易所交易规则》的有关规定，属于股票交易异常波动的情况。 股票代码：002403 股票简称：爱仕达 公告编号：2025-030 爱仕达股份有限公司 股票交易异常波动公告 5、在公司本次股票异常波动期间，公司控股股东、实际控制人不存在买卖 公司股票的情况。 二、公司关注并核实的相关情况 针对公司股票交易异常波动情况，公司董事会就有关事项通过书面询证方式 向公司控股股东、实际控制人进行了核查，现就相关情况说明如下： 1、公司前期披露的信息不存在需要更正、补充之处； 2、公司未发现近期公共传媒报道了可能或已经对本公司股票交易价格产生 较大影响的未公开重大信息； 3、近期公司经营情况正常，内外部经营环境未发生重大变化； 4、公司 ...