Core Points - The resignation of Lai Yuwen, the non-independent director and president of Wanhe Electric, was announced due to personal reasons, effective immediately, and he will no longer hold any positions within the company or its subsidiaries [1] - Lai Yuwen's original term was set to expire on July 3, 2028, and his resignation will not affect the minimum number of board members or the normal operation of the board [1] - Lai Yuwen has a notable career history, having worked at Midea Group from 2000 to 2020 before joining Wanhe Electric in September 2022 [1] Financial Performance - Wanhe Electric reported a revenue of 5.52 billion yuan for the third quarter of 2025, a year-on-year increase of 5.5%, with a net profit attributable to shareholders of 479 million yuan, also up by 5.6% [2] - The company's operating cash flow net amount decreased by 44.2% year-on-year to 553 million yuan, while the diluted EPS was 0.6444 yuan [2] - As of the end of the third quarter, total assets were 8.419 billion yuan, down 4.2% from the end of the previous year, while net assets attributable to shareholders increased by 6.4% to 5.06 billion yuan [2]

Core Points - The company announced the resignation of its non-independent director and president, Lai Yuwen, due to personal reasons [1] - Lai Yuwen's resignation is effective immediately upon submission of his written resignation report to the board [1] - His original term was set to expire on July 3, 2028, and he did not hold any shares in the company at the time of his resignation [1]

广东万和新电气股份有限公司（以下简称"公司"或"万和电气"）董事会 于 2025 年 11 月 10 日收到公司非独立董事、总裁赖育文先生提交的书面辞职报 告。赖育文先生因个人原因，申请辞去公司第六届董事会非独立董事及总裁职务， 辞职后将不再担任公司及下属子公司任何职务 证券代码：002543 证券简称：万和电气 公告编号：2025-054 广东万和新电气股份有限公司 关于非独立董事兼总裁辞职的公告 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。 特此公告。 广东万和新电气股份有限公司董事会 2025 年 11 月 11 日 赖育文先生上述职务的原定任期届满日为 2028 年 7 月 3 日。截至本公告披 露日，赖育文先生未直接持有公司股份，亦不存在应当履行而未履行的承诺事项。 赖育文先生的辞职不会导致董事会成员人数低于法定最低人数，不会影响董 事会的正常运作。根据《中华人民共和国公司法》《深圳证券交易所上市公司自 律监管指引第 1 号——主板上市公司规范运作》及《公司章程》等相关规定，其 辞职报告自送达公司董事会之日起即刻生效。目前，赖育文先生所负责的相关工 ...

Group 1 - The core transaction of Wanhua Electric involved 810,000 shares traded on November 10, with a total transaction value of 9.2421 million yuan, accounting for 21.68% of the total trading volume for that day [1][2] - The transaction price was 11.41 yuan per share, which remained stable compared to the market closing price of 11.41 yuan [1][2]

Core Insights - The kitchen and bathroom appliance sector experienced a 1.04% increase on November 10, with Zhejiang Meida leading the gains [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Stock Performance - Zhejiang Meida (002677) closed at 7.78, up 2.77% with a trading volume of 142,700 shares and a turnover of 110 million yuan [1] - Boss Electric (002508) closed at 19.95, up 1.99% with a trading volume of 85,900 shares and a turnover of 170 million yuan [1] - Sunrise Oriental (603366) closed at 9.85, up 1.97% with a trading volume of 155,600 shares and a turnover of 152 million yuan [1] - Other notable stocks include Aopu Technology (603551) at 11.17, up 1.55%, and Mars Man (300894) at 12.66, up 1.52% [1] Capital Flow - The kitchen and bathroom appliance sector saw a net outflow of 21.63 million yuan from institutional investors and 8.06 million yuan from retail investors, while individual investors contributed a net inflow of 29.69 million yuan [1] - Boss Electric had a net inflow of 15.60 million yuan from institutional investors, while experiencing a net outflow of 1.43 million yuan from retail investors [2] - Sunrise Oriental also saw a net inflow of 14.82 million yuan from institutional investors, with retail investors contributing a net outflow of 7.18 million yuan [2]

Group 1 - The first meeting of the 2025 Employee Stock Ownership Plan (ESOP) was held on November 5, 2025, with 19 participants representing 12,886,901 shares, which is 100% of the total shares in the plan [2][4] - The meeting approved the establishment of the 2025 ESOP Management Committee to oversee the plan's implementation and protect the rights of the shareholders [3][5] - The committee consists of three members, with a term aligned with the duration of the 2025 ESOP [3][6] Group 2 - The meeting also elected three members to the management committee, ensuring they have no conflicts of interest with major shareholders or company executives [5][6] - The management committee was authorized to handle various matters related to the ESOP, including convening meetings and managing shareholder rights [7][9] - The authorization for the committee is effective from the date of the meeting until the termination of the ESOP [8][9] Group 3 - The 2025 ESOP was approved by the board on September 26, 2025, and subsequently by the shareholders on October 17, 2025 [12][13] - The company has completed the opening of a securities account for the ESOP as of November 4, 2025, but has not yet transferred shares from the repurchase account [14]

证券代码：002543 证券简称：万和电气 公告编号：2025-052 广东万和新电气股份有限公司 2025 年员工持股计划第一次持有人会议决议公告 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、会议召开情况 广东万和新电气股份有限公司（以下简称"公司"或"万和电气"）2025 年员工持股计划第一次持有人会议于 2025 年 11 月 5 日上午在公司会议室以现 场表决和通讯表决相结合的方式召开，会议于 2025 年 10 月 25 日以书面及电子 邮件方式向全体持有人进行了通知。本次持有人会议实际出席持有人 19 人，代 表员工持股计划份额 12,886,901 份，占公司 2025 年员工持股计划总份额的 100%，会议由董事会秘书卢宇凡先生召集和主持。本次持有人会议的召集、召 开和表决程序符合相关法律法规、规范性文件和《广东万和新电气股份有限公司 2025 年员工持股计划管理办法》（以下简称"《2025 年员工持股计划管理办法》"） 的规定。 二、会议审议情况 经与会持有人认真审议，以现场表决和通讯表决相结合的方式表决了本次持 有人会议的全部议案， ...

证券代码：002543 证券简称：万和电气 公告编号：2025-053 广东万和新电气股份有限公司 关于 2025 年员工持股计划实施进展的公告 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。 根据中国证监会《关于上市公司实施员工持股计划试点的指导意见》及《深 圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》等相关 要求，现将公司 2025 年员工持股计划的实施进展情况公告如下： 公司 2025 年员工持股计划已于 2025 年 11 月 4 日在中国证券登记结算有限 责任公司完成证券账户的开立工作，账户信息如下： 证券账户名称：广东万和新电气股份有限公司－2025 年员工持股计划 证券账户号码：089950**** 一、2025 年员工持股计划概述 1、广东万和新电气股份有限公司（以下简称"公司"或"万和电气"）于 2025 年 9 月 26 日召开董事会六届三次会议，审议通过了《关于<广东万和新电 气股份有限公司 2025 年员工持股计划（草案）>及其摘要的议案》《关于<广东 万和新电气股份有限公司 2025 年员工持股计划管理办法>的 ...

Market Overview - The kitchen and bathroom appliance sector experienced a decline of 0.31% on November 4, with Yitian Smart leading the drop [1] - The Shanghai Composite Index closed at 3960.19, down 0.41%, while the Shenzhen Component Index closed at 13175.22, down 1.71% [1] Stock Performance - Zhejiang Meida (002677) closed at 7.64, up 0.92% with a trading volume of 133,700 shares and a turnover of 102 million yuan [1] - Shuaifeng Electric (605336) closed at 15.80, up 0.64% with a trading volume of 31,600 shares and a turnover of 49.92 million yuan [1] - Sunrise Oriental (603366) closed at 10.23, up 0.39% with a trading volume of 335,000 shares and a turnover of 342 million yuan [1] - Mars Man (300894) closed at 12.56, up 0.08% with a trading volume of 33,100 shares and a turnover of 41.35 million yuan [1] - Aopu Technology (603551) closed at 10.92, unchanged with a trading volume of 20,800 shares and a turnover of 22.69 million yuan [1] - Boss Electric (002508) closed at 19.54, down 0.46% with a trading volume of 61,200 shares and a turnover of 120 million yuan [1] - Vatti (002035) closed at 6.37, down 0.78% with a trading volume of 109,200 shares and a turnover of 69.75 million yuan [1] - Wanhe Electric (002543) closed at 11.28, down 0.79% with a trading volume of 38,800 shares and a turnover of 44.02 million yuan [1] - Yitian Smart (300911) closed at 39.41, down 1.45% with a trading volume of 46,300 shares and a turnover of 181 million yuan [1] Capital Flow - The kitchen and bathroom appliance sector saw a net inflow of 5.57 million yuan from institutional investors, while retail investors contributed a net inflow of 8.99 million yuan [1] - However, there was a net outflow of 14.56 million yuan from speculative funds [1] Individual Stock Capital Flow - Sunrise Oriental (603366) had a net inflow of 13.20 million yuan from institutional investors, while it experienced a net outflow of 13.12 million yuan from speculative funds [2] - Zhejiang Meida (002677) saw a net inflow of 10.34 million yuan from institutional investors, with a net outflow of 6.22 million yuan from speculative funds [2] - Shuaifeng Electric (605336) had a net inflow of 2.40 million yuan from institutional investors, with a net outflow of 1.24 million yuan from speculative funds [2] - Yitian Smart (300911) experienced a net inflow of 1.66 million yuan from institutional investors, but a net outflow of 9.21 million yuan from retail investors [2] - Aopu Technology (603551) had a net outflow of 0.23 million yuan from institutional investors, while retail investors contributed a net inflow of 0.70 million yuan [2] - Boss Electric (002508) saw a net outflow of 2.73 million yuan from institutional investors, but a net inflow of 11.66 million yuan from retail investors [2] - Wanhe Electric (002543) experienced a net outflow of 3.75 million yuan from institutional investors, with a net inflow of 0.46 million yuan from retail investors [2] - Vatti (002035) had a significant net outflow of 14.91 million yuan from institutional investors, while retail investors contributed a net inflow of 11.78 million yuan [2]

Core Viewpoint - Wanhe Electric's stock has experienced fluctuations, with a year-to-date increase of 13.32% but a recent decline in the last five trading days by 3.66% [1] Group 1: Stock Performance - As of November 3, Wanhe Electric's stock price was 11.31 yuan per share, with a market capitalization of 8.41 billion yuan [1] - The stock has seen a net outflow of 1.60 million yuan in principal funds, with large orders buying 3.53 million yuan (8.31% of total) and selling 5.13 million yuan (12.08% of total) [1] - The stock has appeared on the "Dragon and Tiger List" twice this year, with the most recent instance on January 20, showing a net buy of -3.32 million yuan [1] Group 2: Company Overview - Guangdong Wanhe New Electric Co., Ltd. was established on December 29, 2003, and listed on January 28, 2011, focusing on the research, production, and sales of kitchen and bathroom appliances [1] - The company's main revenue sources are kitchen appliances (50.15%), water heating (43.90%), and other services [1] Group 3: Financial Performance - For the period from January to September 2025, Wanhe Electric achieved a revenue of 5.52 billion yuan, representing a year-on-year growth of 5.54%, and a net profit of 479 million yuan, also up by 5.57% [2] - The company has distributed a total of 3.20 billion yuan in dividends since its A-share listing, with 932 million yuan distributed in the last three years [3] Group 4: Shareholder Information - As of September 30, 2025, the number of shareholders increased by 20.40% to 18,900, with an average of 34,968 circulating shares per person, down by 16.95% [2] - The top ten circulating shareholders include notable entities such as Hong Kong Central Clearing Limited and a new entrant, Chuangjin Hexin CSI Dividend Low Volatility Index A [3]