Core Viewpoint - The company, Mulinson (002745.SZ), expects a significant net loss for 2025, with estimates ranging from -1.5 billion to -1.1 billion yuan for net profit attributable to shareholders, and from -1.45 billion to -1.08 billion yuan for net profit after deducting non-recurring gains and losses [1] Group 1: Financial Performance - The anticipated net profit loss is attributed to weak demand in the European market and a decline in orders [1] - The company has increased operational costs due to accelerated channel transformation efforts to cope with intense competition in the global lighting market [1] - The company has made provisions for asset impairment, including goodwill, based on a cautious approach [1] Group 2: Market Conditions - The company's performance is impacted by changes in the supply-demand dynamics of the industry and fluctuations in product prices, leading to a decrease in gross profit [1] - The company is actively pursuing product adjustments and upgrades, and has conducted impairment tests on related inventory and assets [1]

证券代码：002745 证券简称：木林森 公告编号：2026-002 木林森股份有限公司 关于参与股权竞买的进展公告 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、竞买股权事项概述 木林森股份有限公司（以下简称"公司"）及其下属子公司 LEDVANCE GmbH （以下简称"LEDVANCE"），于 2026 年 1 月 19 日参与了无锡国联实业投资集团 有限公司（以下简称"无锡国联实业"）和无锡国联产业升级投资中心（有限合 伙）（以下简称"无锡国联产业"）在无锡产权交易所挂牌出售的普瑞光电（厦 门）股份有限公司 34.7849%股权（对应 10435.4849 万股）。该股权的挂牌价格 为 90,000 万元。 按照公司战略发展规划，公司于 2025 年 11 月 28 日召开第六届董事会第四 次会议审议通过了《关于参与竞买普瑞光电(厦门)股份有限公司 34.7849%股权 的议案》。同意公司在不超过人民币 90,000 万元(含 90,000 万元)的权限范围内 根据竞标情况进行竞买，并授权董事长按照无锡产权交易所有限公司的规定签署 相关提交竞标材 ...

证券代码：002745 证券简称：木林森 公告编号：2026-003 2、业绩预告情况：预计净利润为负值 （1）以区间数进行业绩预告的 单位：万元 | 项 | 目 | | 本报告期 | | | 上年同期 | | --- | --- | --- | --- | --- | --- | --- | | 归属于上市公司股 | | -150,000 | ～ | -110,000 | | 37,378.71 | | 东的净利润 | | | | | | | | 扣除非经常性损益 后的净利润 | | -145,000 | ～ | -108,000 | | 31,094.58 | | 基本每股收益（元/ | | -0.7412 | ～ | | -1.0107 | 0.2518 | | 股） | | | | | | | 二、与会计师事务所沟通情况 本次业绩预告的相关财务数据未经会计师事务所审计。公司就本次业绩预告已与会计师事务所进行了预 沟通，与会计师事务所在业绩预告方面不存在分歧。 三、业绩变动原因说明 木林森股份有限公司 2025 年度业绩预告 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 ...

Group 1 - The "Guanghuo Hang Tianxia" spring promotional event for lighting products aims to enhance the exposure and market influence of high-quality lighting products from Guangdong, driving new sales breakthroughs across the province [1] - The event is held at the Xingguang Alliance Global Brand Lighting Center in Zhongshan, which is recognized as the largest lighting industry base and trade center in China, featuring over 600 flagship stores of leading brands [3] - The promotional activities include both on-site and online live broadcasts, with major companies like Opple Lighting and Mulinsen setting up 20 premium exhibition booths and 80 other quality enterprises conducting store live streams, offering discounts of up to 50% [5] Group 2 - Guangdong produces 2 out of every 3 lighting products in China, making it the largest production, export, and consumption base for lighting products globally [7] - The province has developed a unique competitive advantage through a "1+1+N" clustered chain development model, which includes one innovation and brand marketing cluster, one manufacturing integration center, and multiple collaborative industrial clusters [7] - The Greater Bay Area is forming a world-class lighting industry belt, with Shenzhen focusing on high-end segments like LED chips and smart controls, while Zhongshan is the largest production base for lighting fixtures [7]

Core Viewpoint - The company Mulinson has introduced an innovative smart lamp called "Senbao," which integrates advanced technology and user-friendly design, serving as a smart life companion with features like intelligent dimming, voice interaction, and personal care [2] Group 1: Product Features - The "Senbao" lamp combines multiple functionalities, including intelligent dimming, voice interaction, and personal companionship [2] - The company emphasizes that the smart lamp will continue to evolve and improve with ongoing technological advancements [2]

Core Viewpoint - Mulinson's stock performance shows a mixed trend with a slight increase in share price and significant financing activity, indicating investor interest despite a decline in revenue and profit [1][2]. Group 1: Stock Performance - On January 15, Mulinson's stock rose by 0.52% with a trading volume of 374 million yuan [1]. - The financing buy-in amount for Mulinson on the same day was 68.38 million yuan, while the financing repayment was 45.37 million yuan, resulting in a net financing buy of 23.01 million yuan [1]. - As of January 15, the total financing and margin balance for Mulinson was 1.085 billion yuan, with the financing balance accounting for 7.56% of the circulating market value, indicating a high level compared to the past year [1]. Group 2: Margin Trading - On January 15, Mulinson repaid 5,400 shares in margin trading and sold 8,400 shares, with the selling amount calculated at 81,100 yuan [1]. - The margin balance was 1.75 million yuan, which is below the 20th percentile level of the past year, indicating a low level of margin trading activity [1]. Group 3: Financial Performance - For the period from January to September 2025, Mulinson reported operating revenue of 12.178 billion yuan, a slight decrease of 0.10% year-on-year [2]. - The net profit attributable to shareholders for the same period was 209 million yuan, reflecting a significant decline of 42.36% year-on-year [2]. - Mulinson has distributed a total of 2.466 billion yuan in dividends since its A-share listing, with 1.259 billion yuan distributed over the past three years [2]. Group 4: Shareholder Structure - As of September 30, 2025, Mulinson had 49,900 shareholders, a decrease of 5.03% from the previous period [2]. - The average number of circulating shares per shareholder increased by 5.30% to 21,337 shares [2]. - Hong Kong Central Clearing Limited is the second-largest circulating shareholder, holding 81.3921 million shares, an increase of 11.6746 million shares from the previous period [2].

（文章来源：证券日报） 证券日报网讯 1月13日，木林森发布公告称，公司2026年第一次临时股东会审议通过《关于2026年度预 计日常关联交易的议案》《关于2026年度向银行申请综合授信敞口额度及相关授权的议案》《关于2026 年度公司对子公司提供担保额度的议案》等多项议案。 ...

证券代码：002745 证券简称：木林森 公告编号：2026-001 木林森股份有限公司 2026年第一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。 特别提示： 1、本次股东会无变更、取消、否决提案的情况； 2、本次股东会以现场投票与网络投票相结合方式召开； 3、本次股东会不涉及变更前次股东会决议。 一、会议召开情况 1、会议召开时间： （1）现场会议召开时间：2026 年 1 月 13 日（星期二）15:00； （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时间为： 2026 年 1 月 13 日 9:15--9:25，9:30--11:30 及 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：2026 年 1 月 13 日上午 9:15 至下午 15:00 的任意时间； 2、现场会议召开地点：广东省中山市小榄镇木林森大道 1 号木林森股份有 限公司办公大楼一楼会议室； 3、会议召开方式：本次股东会采取现场表决和网络投票相结合方式； 4、会议召集人：木林森股份有限公司董事会； 5、会议主持人：公 ...

上海市锦天城（深圳）律师事务所 关于木林森股份有限公司 2026年第一次临时股东会的 法律意见书 地址：深圳市福田中心区福华三路卓越世纪中心 1 号楼 21/22/23 层 电话：0755-82816698 传真：0755-82816898 上海市锦天城（深圳）律师事务所 法律意见书 上海市锦天城（深圳）律师事务所 关于木林森股份有限公司 2026 年第一次临时股东会的法律意见书 致：木林森股份有限公司 上海市锦天城（深圳）律师事务所（下称"本所"）接受木林森股份有限公 司（下称"公司"）的委托，指派律师出席公司 2026 年第一次临时股东会（下 称"本次股东会"），并根据《中华人民共和国公司法》（下称"《公司法》"）、 《上市公司股东会规则》（下称"《股东会规则》"）等法律、法规和规范性文 件及公司现行章程（下称"《公司章程》"）的有关规定，就本次股东会的召集 和召开程序、召集人资格、出席和列席会议人员资格、表决程序及表决结果等事 宜发表法律意见。 一、本次股东会召集和召开程序 二、本次股东会的召集人资格 本次股东会由公司董事会召集。公司董事会具备召集本次股东会的资格。 三、本次股东会出席、列席人员的资格 ...

Group 1 - The core viewpoint of the news is that Mulinson's stock performance shows slight fluctuations, with a current price of 9.57 CNY per share and a market capitalization of 14.203 billion CNY [1] - As of January 8, Mulinson's stock has seen a year-to-date price change of 0.00%, a decline of 0.21% over the last five trading days, an increase of 1.38% over the last 20 days, and a rise of 4.59% over the last 60 days [1] - The company reported a revenue of 12.178 billion CNY for the first nine months of 2025, reflecting a year-on-year decrease of 0.10%, while the net profit attributable to shareholders decreased by 42.36% to 209 million CNY [2] Group 2 - Mulinson has distributed a total of 2.466 billion CNY in dividends since its A-share listing, with 1.259 billion CNY distributed over the last three years [3] - As of September 30, 2025, the number of shareholders decreased by 5.03% to 49,900, while the average circulating shares per person increased by 5.30% to 21,337 shares [2] - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 81.3921 million shares, which increased by 11.6746 million shares compared to the previous period [3]