Core Viewpoint - Aishida (002403.SZ) reported a decline in revenue and incurred net losses in the first three quarters of 2025 compared to the previous year [1] Financial Performance - The company's operating revenue for the first three quarters was 1.954 billion yuan, representing a year-on-year decrease of 7.57% [1] - The net loss attributable to shareholders of the listed company was 58.986 million yuan [1] - The net loss attributable to shareholders after deducting non-recurring gains and losses was 75.133 million yuan [1] - The basic loss per share was 0.17 yuan [1]

股票代码：002403 股票简称：爱仕达 公告编号：2025-050 爱仕达股份有限公司 关于 2025 年第三季度计提资产减值准备的公告 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。 爱仕达股份有限公司（以下简称"公司"）根据《深圳证券交易所股票上市 规则》（以下简称"《股票上市规则》"）、《深圳证券交易所上市公司自律监管指南 第 1 号——业务办理》和《企业会计准则》等相关规定，将 2025 年第三季度计 提资产减值准备的具体情况披露如下： 一、2025 年第三季度计提资产减值准备情况 根据《企业会计准则》、《股票上市规则》等有关规定和公司相关会计政策， 为真实、准确地反映公司 2025 年第三季度的经营成果及截至 2025 年 9 月 30 日 的资产价值，基于谨慎原则，公司对截至 2025 年 9 月 30 日的存货、应收款项、 合同资产、长期股权投资、固定资产及无形资产等资产进行了全面清查，对各项 资产是否存在减值进行评估和分析，并遵循谨慎性原则对存在减值的资产计提了 减值准备。 二、2025 年第三季度计提资产减值准备总体情况 公司 2025 年 ...

股票代码：002403 股票简称：爱仕达 公告编号：2025-048 爱仕达股份有限公司 第六届董事会第十二次会议决议公告 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。 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"）第六届董事会第十二次会议于 2025 年 10 月 29 日以通讯方式召开，会议通知及会议材料于 2025 年 10 月 18 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。 二、董事会会议审议情况 （二）审议通过《关于确认董事会审计委员会成员及召集人的议案》 根据《公司法》《公司章程》等有关规定，公司第六届董事会审计委员会仍 由孙红梅女士、蓝发钦先生、肖乐心先生担任，审计委员会成员中独立董事占多 数，并由会计专业人士孙红梅女士担任召集人。任期自本次董事会审议通过之日 起至第六届董事会届满之日止。 议案表决结果：同意 7 票，无反对或弃权票。 （三）审议通过《公司 2025 年第三季度报告》 经审核， ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥683,674,538.45, a decrease of 16.98% compared to the same period last year[5] - The net profit attributable to shareholders was -¥61,781,119.43, representing a significant decline of 1,284.20% year-on-year[5] - The basic earnings per share for the period was -¥0.18, a decrease of 1,000.00% compared to the previous year[5] - Total operating revenue for the third quarter was CNY 1,953,843,693.67, a decrease of 7.5% compared to CNY 2,113,846,012.64 in the previous year[18] - Net profit for the period was a loss of CNY 62,633,633.79, compared to a profit of CNY 1,089,806.60 in the same period last year[19] - The total equity attributable to shareholders decreased to CNY 1,602,099,836.40 from CNY 1,660,171,216.97, a reduction of 3.5%[17] - Basic and diluted earnings per share were both -0.17, compared to 0.01 in the previous period[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,753,892,929.40, a decrease of 0.78% from the end of the previous year[5] - The total assets decreased to CNY 4,753,892,929.40 from CNY 4,791,457,856.36, a decline of 0.8%[17] - Long-term borrowings increased by 201.52% to ¥238,500,000.00, primarily due to the repayment of maturing loans and the increase in new loans[10] - The company reported a significant increase in short-term borrowings, rising to CNY 1,293,981,007.26 from CNY 1,253,525,824.13, reflecting a 3.5% increase[16] - Non-current liabilities increased to CNY 578,124,020.94, up from CNY 445,470,143.97, representing a 29.7% increase[16] Cash Flow - The company reported a net cash flow from operating activities of -¥34,108,193.69, an improvement of 36.31% compared to the same period last year[12] - Cash inflow from operating activities totaled ¥2,150,103,331.13, an increase of 10.7% from ¥1,941,590,346.96 in the previous period[20] - Net cash flow from operating activities was -¥34,108,193.69, an improvement from -¥53,557,599.58 in the previous period[21] - Cash inflow from investing activities was ¥12,381,276.58, compared to ¥6,790,117.46 in the previous period[21] - Net cash flow from investing activities was -¥24,688,023.81, an improvement from -¥47,393,746.93 in the previous period[21] - Cash inflow from financing activities was ¥1,255,522,783.48, up from ¥943,015,369.06 in the previous period[21] - Net cash flow from financing activities was ¥9,893,728.94, compared to -¥2,448,109.82 in the previous period[21] Shareholder Information - The total number of common shareholders at the end of the reporting period is 47,929[13] - Aishida Group Co., Ltd. holds 36.89% of the shares, making it the controlling shareholder with 125,648,134 shares[13] - The number of preferred shareholders with restored voting rights is zero, indicating no such shareholders exist[13] - The top ten shareholders collectively hold significant stakes, with the largest shareholder holding nearly 37%[13] - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending[13] Income and Expenses - Other income decreased by 44.59% to ¥24,905,186.95, mainly due to a reduction in government subsidies[11] - The company experienced a 68.98% decline in non-operating income, totaling ¥763,488.84, attributed to the previous year's fire compensation from a subsidiary[11] - Research and development expenses were CNY 110,021,487.93, down from CNY 121,106,661.91, a decrease of 9.1%[18]

Market Overview - On October 23, the small home appliance sector rose by 0.02% compared to the previous trading day, with Rainbow Group leading the gains [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Stock Performance - Key stocks in the small home appliance sector showed varied performance, with Rainbow Group closing at 25.17, up 4.66%, and Lek Electric at 24.67, up 1.86% [1] - Other notable performers included Liren Technology at 27.44, up 1.70%, and Ousheng Electric at 26.13, up 0.85% [1] Trading Volume and Value - Rainbow Group had a trading volume of 156,000 shares and a transaction value of 386 million yuan [1] - Lek Electric recorded a trading volume of 130,000 shares with a transaction value of 316 million yuan [1] Capital Flow - The small home appliance sector experienced a net outflow of 101 million yuan from institutional investors, while retail investors saw a net inflow of approximately 89.85 million yuan [2] - The capital flow data indicates that retail investors were more active in the market compared to institutional investors [2] Individual Stock Capital Flow - Rainbow Group had a net inflow of 31.61 million yuan from institutional investors, while it faced a net outflow of 2.87 million yuan from retail investors [3] - Lek Electric saw a net inflow of 4.47 million yuan from institutional investors but a significant outflow of 19.97 million yuan from speculative funds [3]

Core Viewpoint - The stock price of Aishida has shown a slight increase of 0.27% year-to-date, but has experienced a decline of 12.89% over the past 20 days, indicating volatility in its recent performance [2]. Group 1: Stock Performance - As of October 23, Aishida's stock price decreased by 2.00%, trading at 14.19 CNY per share with a total transaction volume of 43.66 million CNY and a turnover rate of 1.03% [1]. - Year-to-date, Aishida's stock has risen by 0.27%, while it has dropped by 0.28% in the last five trading days and increased by only 0.07% over the past 60 days [2]. Group 2: Financial Performance - For the first half of 2025, Aishida reported a revenue of 1.27 billion CNY, reflecting a year-on-year decrease of 1.57%, while the net profit attributable to shareholders was 2.80 million CNY, showing a significant increase of 178.60% [2]. - The company has distributed a total of 409 million CNY in dividends since its A-share listing, with 6.13 million CNY distributed over the past three years [3]. Group 3: Company Overview - Aishida, established on May 13, 1993, and listed on May 11, 2010, is located in the Economic Development Zone of Wenling City, Zhejiang Province. Its main business includes the production of kitchen cookware, small kitchen appliances, household goods, and robots [2]. - The revenue composition of Aishida's main business includes cookware at 71.88%, small appliances at 14.40%, robots at 10.55%, and other products at 3.17% [2]. - As of June 30, 2025, Aishida had 50,300 shareholders, a decrease of 5.97% from the previous period, with an average of 5,912 circulating shares per shareholder, an increase of 6.35% [2].

Market Performance - The small home appliance sector increased by 0.2% compared to the previous trading day, with Beiyikang leading the gains [1] - The Shanghai Composite Index closed at 3863.89, up 0.63%, while the Shenzhen Component Index closed at 12813.21, up 0.98% [1] Stock Highlights - Beiyikang (code: 6610Z6) closed at 39.75, with a significant increase of 11.28% and a trading volume of 39,800 shares, amounting to 153 million yuan [1] - Other notable performers included: - Jizhi Technology (code: 920926) with a closing price of 19.62, up 3.54% [1] - Rainbow Group (code: 003023) at 24.80, up 3.33% [1] - Beiqingsong (code: 688793) at 28.67, up 2.54% [1] Capital Flow - The small home appliance sector experienced a net outflow of 46.53 million yuan from institutional investors, while retail investors saw a net inflow of 27.27 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Individual Stock Capital Flow - Stone Technology (code: 688169) had a net inflow of 8.92 million yuan from institutional investors, but a net outflow of 18.99 million yuan from retail investors [3] - Other stocks like Fuhua Co. (code: 603219) and ST Dehao (code: 002005) also showed varied capital flows, with institutional inflows and retail outflows [3]

Market Overview - The small home appliance sector experienced a decline of 2.16% on October 17, with BeiYikang leading the drop [1] - The Shanghai Composite Index closed at 3839.76, down 1.95%, while the Shenzhen Component Index closed at 12688.94, down 3.04% [1] Stock Performance - Notable stock performances included: - Rainbow Group (003023) rose by 9.99% to a closing price of 24.00, with a trading volume of 103,000 shares and a turnover of 240 million [1] - BeiYikang (6610ZG) fell by 7.39% to a closing price of 35.72, with a trading volume of 24,600 shares and a turnover of approximately 90.78 million [2] - Other companies like Supor (002032) and Joyoung (002242) showed minimal changes, with slight declines of 0.02% and 1.58% respectively [1][2] Capital Flow - The small home appliance sector saw a net outflow of 79.06 million from institutional investors, while retail investors contributed a net inflow of 66.28 million [2] - The capital flow for specific stocks indicated: - Rainbow Group had a net inflow of 81.11 million from institutional investors, while it faced a net outflow of 37.75 million from retail investors [3] - Other companies like Lek Electric (603355) and ST Dehao (002005) also experienced mixed capital flows, with varying degrees of institutional and retail investor activity [3]

Core Insights - Aishida (002403) has reached a deep strategic cooperation consensus with JD Retail, establishing a solid foundation for future win-win development [1] - The collaboration will focus on product innovation, marketing promotion, and channel construction, aiming to explore new directions in the kitchenware and home industry [1] - The partnership is expected to enhance consumer experience by delivering more high-quality products [1]

Market Overview - The small home appliance sector increased by 0.44% on October 15, with BeiYikang leading the gains [1] - The Shanghai Composite Index closed at 3912.21, up 1.22%, while the Shenzhen Component Index closed at 13118.75, up 1.73% [1] Stock Performance - BeiYikang (code: 6610Z6) closed at 38.15, rising by 4.72% with a trading volume of 26,900 lots and a transaction value of 102 million yuan [1] - Other notable performers include: - Aishida (code: 002403) at 14.57, up 3.26% [1] - Ousheng Electric (code: 301187) at 26.48, up 2.20% [1] - Kaineng Health (code: 300272) at 6.56, up 2.18% [1] - Delma (code: 301332) at 9.88, up 1.96% [1] Capital Flow - The small home appliance sector experienced a net outflow of 115 million yuan from institutional investors, while retail investors saw a net inflow of 94.22 million yuan [2] - The capital flow for specific stocks includes: - Xinbao (code: 002705) with a net inflow of 12.21% from institutional investors [3] - Feike Electric (code: 603868) with a net inflow of 18.64% from retail investors [3] - Kaineng Health (code: 300272) with a net outflow of 1.35% from retail investors [3]