Group 1 - The gross margin is under pressure due to a decline in product prices, impacting profitability [1] - Domestic OEM business is a drag on performance, while overseas operations remain relatively stable [1] - Focus on product innovation, with attention to the competitive landscape improvement following the implementation of 3C certification [1]

Market Overview - The home goods sector increased by 1.08% on October 31, with Rietter leading the gains [1] - The Shanghai Composite Index closed at 3954.79, down 0.81%, while the Shenzhen Component Index closed at 13378.21, down 1.14% [1] Top Performers - Rietter (002790) closed at 12.02, up 9.97% with a trading volume of 83,100 shares and a turnover of 99.91 million yuan [1] - Xidamen (605155) closed at 17.04, up 9.94% with a trading volume of 188,200 shares and a turnover of 316 million yuan [1] - Yuma Technology (300993) closed at 18.57, up 7.22% with a trading volume of 298,500 shares and a turnover of 542 million yuan [1] Underperformers - Marco Polo (001386) closed at 26.41, down 7.33% with a trading volume of 401,200 shares and a turnover of 1.071 billion yuan [2] - ST Yazhen (603389) closed at 44.65, down 5.00% with a trading volume of 51,400 shares and a turnover of 23.2 million yuan [2] - Meizhi Gao (920765) closed at 26.53, down 4.57% with a trading volume of 19,400 shares and a turnover of 52.47 million yuan [2] Capital Flow - The home goods sector experienced a net outflow of 283 million yuan from institutional investors, while retail investors saw a net inflow of 274 million yuan [2] - The top net inflows from retail investors were observed in Xidamen (605155) with 52.35 million yuan, and Rietter (002790) with 9.21 million yuan [3]

Group 1 - The stock of Xiamen Ruilite Sanitary Ware Technology Co., Ltd. has hit the daily limit up for four consecutive trading days, with a current price of 12.02 yuan and a total market capitalization of 50.23 billion yuan [2][3] - During the consecutive limit-up period, the stock has increased by 46.23%, with a cumulative turnover rate of 18.86% [2][3] - The stock has appeared on the Dragon and Tiger list due to a cumulative deviation of 20% in its price over three trading days, with institutional investors net selling 66.60 million yuan [2][3] Group 2 - The company's Q3 report shows a revenue of 1.363 billion yuan, a year-on-year decrease of 20.26%, and a net profit of 61.57 million yuan, down 51.26% year-on-year [2][3] - The basic earnings per share are reported at 0.1474 yuan, with a weighted average return on equity of 2.85% [2][3] - The company was established on April 19, 1999, with a registered capital of 4.178723 billion yuan [2][3]

Core Viewpoint - The company, 瑞尔特, announced that its stock experienced an abnormal trading fluctuation, with a cumulative price increase of over 20% on October 29 and 30, 2025 [1] Summary by Relevant Sections - **Stock Performance** - The stock price of 瑞尔特 showed a cumulative increase of over 20% across two consecutive trading days [1] - **Company Disclosure** - The company confirmed that there are no corrections or supplements needed for previously disclosed information [1] - No significant undisclosed information that could impact the stock price has been identified in recent public media reports [1]

一、 股票交易异常波动的情况 厦门瑞尔特卫浴科技股份有限公司（以下简称"公司"）股票（证券简称： 瑞尔特；证券代码：002790）于2025年10月29日和10月30日连续两个交易日收 盘价格涨幅偏离值累计达到20%以上，根据《深圳证券交易所交易规则》的相关 规定，属于股票交易异常波动。 二、 公司关注并核实情况的说明 针对公司股票交易异常波动，本公司对有关事项进行了核查，公司为无控股 股东、实际控制人的上市公司，经与公司第一大股东及主要股东、公司董事会、 管理层进行询问核实，就有关情况说明如下： 1、公司前期披露的信息不存在需要更正、补充之处； 证券代码：002790 证券简称：瑞尔特 公告编号：2025-037 厦门瑞尔特卫浴科技股份有限公司 股票交易异常波动公告 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。 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、经自查和询问，公司、第一大股东及主要股东不存在关于本公司的应披 露而未披露的重大事项，或处于筹划阶段的重大事项； 5、经询问，公司股票异常波动期间，第一大股东及主要股东不存在买卖公 司股 ...

Market Overview - The Shanghai Composite Index closed at 3986.90 points, down 0.73%, while the Shenzhen Component Index closed at 13532.13 points, down 1.16% [1] - The ChiNext Index fell by 1.84%, and the STAR Market 50 Index decreased by 1.87% [1] - Among the tradable A-shares, 1242 stocks rose (22.87%), while 4100 stocks fell, and 89 stocks remained flat [1] Stock Performance - A total of 62 stocks hit the daily limit up, while 13 stocks hit the limit down [1] - The leading sectors for limit-up stocks included machinery equipment, electric power equipment, and real estate, with 9, 6, and 6 stocks respectively [1] - ST Zhongdi and ST Wanfang were among the 16 ST stocks that hit the limit up [1] Trading Volume and Capital Flow - The stock with the highest limit-up order volume was Hezhan Energy, with 52.31 million shares, followed by Ruilite and Kangsong Shares with 40.14 million and 22.99 million shares respectively [1] - In terms of capital flow, the highest amounts for limit-up stocks were for Shikong Technology (¥574.87 million), Ruilite (¥438.70 million), and Fulongma (¥324.26 million) [1] Notable Stocks - Key stocks that hit the limit up included: - Shikong Technology (closing price ¥63.48, turnover rate 6.25%) - Ruilite (closing price ¥10.93, turnover rate 3.66%) - Fulongma (closing price ¥28.13, turnover rate 27.73%) [1] - Other notable limit-up stocks included: - Jiangte Electric (closing price ¥11.35, turnover rate 19.88%) - Hezhan Energy (closing price ¥3.48, turnover rate 3.71%) [1]

Group 1 - The stock of Xiamen Reiter Bathroom Technology Co., Ltd. has hit the daily limit up for three consecutive trading days, with a current price of 10.93 yuan and a trading volume of 5.94 million shares, amounting to 64.88 million yuan in transaction value [2][2][2] - During the consecutive limit-up period, the stock has increased by 32.97%, with a cumulative turnover rate of 15.75% [2][2][2] - The latest total market capitalization of the A-shares reached 4.57 billion yuan, with a circulating market capitalization of 2.85 billion yuan [2][2][2] Group 2 - The company's Q3 report shows a total operating revenue of 1.36 billion yuan for the first three quarters, a year-on-year decrease of 20.26%, and a net profit of 61.57 million yuan, down 51.26% year-on-year [2][2][2] - The basic earnings per share are reported at 0.1474 yuan, with a weighted average return on equity of 2.85% [2][2][2] - Xiamen Reiter Bathroom Technology Co., Ltd. was established on April 19, 1999, with a registered capital of 4.18 billion yuan [2][2][2]

Group 1 - The market focus stocks include Shikong Technology, which has reached a limit-up for six consecutive trading days [1] - Local stock Pingtan Development opened high with a 0.33% increase, achieving seven limit-ups in nine days [1] - Rierte also reached a limit-up for two consecutive days [1] Group 2 - Coal stock Antai Group opened low with a 3.10% decrease, marking six limit-ups in ten days [1] - Robotics concept stock Yashichuangneng opened low with a 0.22% decrease, while Ningbo Jingda opened low with a 1.12% decrease [1] - The electrolytic aluminum sector saw Chang Aluminum open high with a 3.35% increase, while PCB sector stocks Zhongtung Gaoxin opened high with a 5.98% increase and Honghe Technology opened low with a 3.14% decrease [1] Group 3 - Solid-state battery concept stock Fangda Carbon opened high with a 0.80% increase [1] - Haixing Power, which reported better-than-expected performance, opened low with a 0.60% decrease [1]

Core Viewpoint - Xiamen Ruiter Bathroom Technology Co., Ltd. reported a significant decline in both revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The company achieved a revenue of 1.363 billion yuan in the first three quarters, representing a year-on-year decrease of 20.26% [1] - The net profit for the same period was 61.5737 million yuan, down 51.26% year-on-year [1] - In the third quarter alone, revenue was 444 million yuan, reflecting a year-on-year decline of 21.81% [1] - The net profit for the third quarter was 9.90775 million yuan, which is a substantial decrease of 71.99% compared to the same quarter last year [1]

Group 1: Financial Performance - In the first three quarters of 2025, the company achieved revenue of approximately 1.5 billion yuan, a decrease of 20.26% year-on-year [3] - The net profit attributable to shareholders was 61.57 million yuan, down 51.26% compared to the previous year [3] - The gross profit margin for the first three quarters was 26.07%, a decline of 4.52 percentage points year-on-year [3] Group 2: Market Challenges - The decline in revenue was primarily due to intense competition in the home and bathroom industry and weak overall demand [3] - The domestic market's OEM business saw a significant drop, while the overseas market remained stable due to diversified deployment [3] Group 3: Product and Channel Strategy - The company is focusing on product innovation aimed at enhancing consumer experience, with recent launches including the UX85 smart toilet featuring multifunctional assistive arms [5] - A comprehensive online and offline channel system has been established to enhance brand awareness and market share, with ongoing efforts to optimize traditional distribution channels and expand store numbers [4] Group 4: Industry Regulations and Competition - The implementation of the 3C certification for smart toilets on July 1 has improved consumer trust in certified products, benefiting mid-to-high-end market shares [6] - The certification process is expected to phase out non-compliant products, positively impacting the competitive landscape of the industry [6] Group 5: Brand Expansion Strategies - The company is enriching its product matrix and focusing on technological innovation while maintaining quality as a priority [8] - Marketing efforts are being enhanced through platforms like Douyin and Xiaohongshu to increase brand and product recognition [8]