北京国枫律师事务所 关于小熊电器股份有限公司 2026 年第一次临时股东会的 法律意见书 国枫律股字[2026]A0022 号 北京市东城区建国门内大街 26 号新闻大厦 7 层、8 层 电话：010-88004488/66090088 传真：010-66090016 邮编：100005 致：小熊电器股份有限公司（贵公司） 北京国枫律师事务所（以下简称"本所"）接受贵公司的委托，指派律师出席并见 证贵公司2026年第一次临时股东会（以下简称"本次会议"）。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人 民共和国证券法》（以下简称"《证券法》"）、《上市公司股东会规则》（以下简称 "《股东会规则》"）、《律师事务所从事证券法律业务管理办法》（以下简称"《证 券法律业务管理办法》"）、《律师事务所证券法律业务执业规则（试行）》（以下简 称"《证券法律业务执业规则》"）等相关法律、行政法规、规章、规范性文件及《小 熊电器股份有限公司章程》（以下简称"《公司章程》"）的规定，就本次会议的召集 与召开程序、召集人资格、出席会议人员资格、会议表决程序及表决结果等事宜，出具 本法律意见书。 对本 ...

证券代码：002959 证券简称：小熊电器 公告编号：2026-007 小熊电器股份有限公司 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、本次股东会召开期间，未出现否决议案的情形。 2、本次股东会未涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 1、本次股东会的召开时间 （1）现场会议召开时间：2026 年 1 月 22 日 14:30 （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 22 日 9:15-9:25、9:30-11:30 和 13:00-15:00； 通过深圳证券交易所互联网投票系统进行网络投票的时间为：2026 年 1 月 22 日 9:15-15:00 的任意时间。 2、会议召开地点：广东省佛山市顺德区勒流街道富安工业区富兴路 3 号小熊 电器新总部一楼会议室。 3、会议召开方式：现场表决和网络投票相结合的方式 4、会议召集人：公司董事会 5、会议主持人：董事长李一峰先生 7、股东在本次会议的出席情况： （1）股东出席的总体情况 通 ...

Market Performance - The small home appliance sector increased by 0.5% compared to the previous trading day, with Lek Electric leading the gains [1] - The Shanghai Composite Index closed at 4116.94, up 0.08%, while the Shenzhen Component Index closed at 14255.12, up 0.7% [1] Individual Stock Performance - Lek Electric (603355) closed at 36.60, up 4.30%, with a trading volume of 52,700 shares and a transaction value of 190 million [1] - Other notable performers include: - Fuhua Co. (603219) at 18.15, up 2.60% [1] - Hongzhi Technology (920926) at 17.98, up 1.87% [1] - Liren Technology (001259) at 32.41, up 1.34% [1] - Xiaoneng Electric (002959) at 45.18, up 1.21% [1] - Ecovacs (603486) at 83.39, up 1.01% [1] Capital Flow Analysis - The small home appliance sector experienced a net outflow of 29.33 million from institutional investors and 43.37 million from retail investors, while retail investors saw a net inflow of 72.71 million [2] - Notable capital flows for specific stocks include: - Stone Technology (688169) had a net inflow of 24.03 million from institutional investors [3] - Lek Electric (603355) saw a net inflow of 19.94 million from institutional investors [3] - Fuhua Co. (603219) had a net inflow of 11.04 million from institutional investors [3]

Core Insights - Xiaoxiong Electric ranked 94th in the "Global Brand China Online 500 Strong List" for Q1 2025, surpassing many traditional home appliance giants, according to the report by Peking University's National Development Research Institute [1] - The ranking evaluates brands based on metrics such as brand awareness, novelty, reputation, and intellectual investment, with a focus on actual consumer purchasing behavior [1] - Xiaoxiong Electric received high scores in areas such as growth in transactions among the 18-24 age group, quality ratings, and store review rates [1] Company Overview - Founded in March 2006, Xiaoxiong Electric focuses on the research, design, production, and sales of small home appliances under its own brand "Xiaoxiong" and was listed on the Shenzhen Stock Exchange in 2019 (stock code: 002959) [2] - The company has maintained rapid and steady growth, with a compound annual growth rate (CAGR) of over 18% in revenue from 2016 to 2024 [2] - Xiaoxiong Electric implements a high-quality boutique strategy, enhancing operational foundations across multiple dimensions including user experience, design, research and development, testing, and manufacturing [2] Product and Innovation - The company has established a three-tier R&D system and owns five major smart manufacturing bases, with over 90 categories and more than 1,000 product models covering various life scenarios [2] - Xiaoxiong Electric has received over 3,900 national patents and has been recognized as a national industrial design center and a national intellectual property demonstration enterprise [2] - The company has won multiple product awards, including the Red Star Award, Red Dot Award, and iF Design Award, reflecting recognition from national and social sectors [2] Business Philosophy - Xiaoxiong Electric is committed to a user-centered approach, focusing on user needs and driving its boutique strategy to build enterprise capabilities [2] - The company aims to provide innovative, fashionable, and high-quality products to global consumers, striving to create a pleasant quality of life for users and to become a long-term enterprise driven by user value [2]

Investment Rating - The report maintains an "Outperform the Market" rating for the home appliance industry [5][6][12]. Core Views - The home appliance sector is expected to recover in 2026, driven by the continuation of national subsidies and stabilization of exports, suggesting a positive outlook for leading white goods companies [1][12][18]. - December retail performance for home appliances showed signs of bottoming out, with significant declines in major appliances but a relatively stable performance in small appliances [1][19]. - The report highlights the resilience of leading companies in the home appliance sector, with a focus on white goods, which are expected to maintain steady growth despite high base effects [12][13]. Summary by Sections 1. Key Recommendations - Recommended companies include Midea Group, Haier Smart Home, TCL Smart Home, Gree Electric Appliances, and Hisense Home Appliances for white goods; Hisense Visual for black goods; and Roborock, Bear Electric, and Ecovacs for small appliances [4][12][13]. 2. December Retail Performance - In December, the retail sales of major appliances saw declines exceeding 20%, while small appliances showed slightly better demand, with air fryers experiencing growth [1][19]. - The offline sales channels for major appliances faced declines of over 40%, while kitchen small appliances remained relatively stable [1][19]. 3. Export Performance - In December, China's home appliance exports decreased by 8.1% year-on-year, with air conditioners facing a significant decline of 20.7% [2][37]. - Other categories like refrigerators and washing machines showed modest growth, indicating a mixed performance across different product lines [2][37]. 4. U.S. Market Insights - U.S. retail sales for home appliances showed a slight increase of 0.8% in November, indicating a gradual return to stable growth despite challenges such as tariffs and inflation [3][43]. - The inventory levels in U.S. appliance stores are returning to normal, suggesting improved market conditions [3][43]. 5. Company Earnings Forecasts - The report provides earnings forecasts for key companies, indicating expected EPS growth for Midea Group, Gree Electric Appliances, and Haier Smart Home, among others, with all rated as "Outperform the Market" [5][76].

Core Viewpoint - The "Guangdong Goods Going Global" spring campaign has successfully boosted sales and showcased the evolution of Guangdong's manufacturing, emphasizing the importance of adapting to new market demands and technological advancements [2][3][7]. Group 1: Campaign Overview - The "Guangdong Goods Going Global" spring campaign features nearly 30 key events, engaging over 10 major commercial platforms and more than 6,000 enterprises, highlighting Guangdong's strengths in various sectors including smart home appliances and high-end mobile phones [2][11]. - On January 15, the campaign's launch event in Foshan saw participating companies achieve a sales increase of 110% compared to the previous day, with some products experiencing sales growth exceeding 200% [2][3]. Group 2: Sales Performance - During the campaign, companies like Mofei Technology reported a fivefold increase in sales for certain products, with their seasoning machine sales up by 159% compared to the previous day [4][6]. - The event demonstrated significant online sales, with one company reporting over 100,000 yuan in sales within just three hours of live streaming [3][6]. Group 3: Product Innovation and Market Adaptation - Guangdong's products have evolved from being perceived as merely functional to embodying advanced technology and design, with a focus on meeting specific consumer needs through innovative solutions [7][8]. - The integration of new materials and technologies has allowed Guangdong manufacturers to create products that cater to specific scenarios, leading to impressive sales figures during the campaign [6][9]. Group 4: Broader Implications for Guangdong Manufacturing - The success of the campaign reflects a broader trend of Guangdong's manufacturing sector transitioning from a focus on production to creating value through innovation and brand enhancement [8][10]. - The campaign is part of a larger strategy to expand Guangdong's market reach, including plans for numerous promotional activities across various sectors such as agriculture and tourism [11].

Core Viewpoint - The "Guangdong Goods Going Global" spring initiative aims to enhance consumer spending and expand the influence of Guangdong products, showcasing over 30 home appliance companies and their products through live streaming and on-site sales [1][3]. Group 1: Event Overview - The event took place on January 15 at the Shunde Tanzhou Convention and Exhibition Center, featuring major brands like Midea, Gree, Galanz, and Hisense [1][3]. - Sales during the live broadcast exceeded 100,000 yuan within three hours, indicating a 100% increase compared to regular sales [1][3]. Group 2: Evolution of Guangdong Goods - Guangdong goods have evolved from basic necessities to high-quality products, reflecting a shift in consumer demand from mere survival to quality and innovation [3][4]. - The evolution is characterized by three main trends: smart technology, green competitiveness, and aesthetic manufacturing [3][4]. Group 3: Strategic Changes - The Guangdong industry is transitioning from OEM to brand development, supply chain optimization, and international standards, enhancing the value proposition of Guangdong products [4]. - The initiative emphasizes not just product sales but also the transmission of quality confidence and brand value [4]. Group 4: Sales and Marketing Strategies - The initiative includes government subsidies, corporate discounts, and platform support, with companies like Gree offering up to 15% discounts and other brands providing various promotional offers [6]. - The event's success is attributed to the continuous optimization of Guangdong's industrial structure and product quality, with the home appliance sector alone exceeding 1 trillion yuan in scale [7][8]. Group 5: Regional Manufacturing Strength - Foshan was chosen as the launch site due to its concentration of advantageous manufacturing industries, contributing significantly to global production of microwaves and water heaters [8]. - The region has produced major brands like Midea and Galanz, as well as smaller innovative companies, forming a robust industrial cluster [8]. Group 6: Technological and Aesthetic Innovations - Companies are focusing on smart technology and green solutions, with products like Gree's AI-powered air conditioners and Galanz's energy-efficient appliances leading the way [11][12]. - The integration of technology and aesthetics is transforming products from mere tools to expressions of emotional and aesthetic value, enhancing user experience [13][14]. Group 7: Future Directions - Guangdong plans to continue its promotional efforts with a weekly focus on different product categories, aiming to cover all consumer needs and enhance the global reach of its products [9][14]. - The integration of cutting-edge technology, green practices, and aesthetic design is seen as essential for maintaining competitiveness in the global market [14].

Core Insights - The "Guangdong Goods Going Global" spring campaign was launched on January 15, featuring a successful home appliance promotion event in Foshan, showcasing various Guangdong brands and products [6][11]. - The event highlighted the strong sales performance of participating companies, with significant sales recorded during live streaming sessions, indicating a robust consumer interest in Guangdong-made products [9][10][16]. Group 1: Event Overview - The spring campaign commenced with a vibrant atmosphere, featuring major Guangdong home appliance brands such as Midea, Galanz, Hisense, and Bear, showcasing innovative products at competitive prices [11][12]. - The event served as a platform for small and medium enterprises to gain visibility, with reports of high sales volumes, including over 200 units of home dryers sold by Kawa Technology and 300 units of travel dryers sold during a four-hour live stream [9][10]. Group 2: Product Highlights - Midea's low-sugar rice cooker and Galanz's multifunctional microwave were among the featured products, emphasizing their practicality and quality, which resonated well with consumers [16][17]. - The event showcased the strength of Guangdong's manufacturing capabilities, with the home appliance industry alone exceeding one trillion yuan in scale, accounting for nearly half of the national revenue and exports [17]. Group 3: Market Dynamics - The campaign leveraged various e-commerce platforms, including Douyin and major online retailers, to enhance market reach and consumer engagement, facilitating direct communication with both domestic and international consumers [14][15]. - The promotion included significant discounts, with some products seeing price reductions exceeding 20%, enhancing the appeal of Guangdong products to consumers [15][16]. Group 4: Future Prospects - The campaign is set to continue with a series of themed promotions across various product categories, aiming to showcase the innovation and quality of Guangdong goods while enhancing consumer value through multiple incentives [18]. - The integration of cultural elements and technological advancements in product design is expected to further elevate the brand image of "Guangdong Goods," making them more attractive to a global audience [18].

证券日报网讯1月15日，小熊电器（002959）发布公告称，公司及子公司不存在逾期对外担保、涉及诉 讼的对外担保及因担保被判决败诉而应承担损失的情形。 ...

Core Insights - The "Guangdong Goods Going Global" spring campaign has successfully boosted sales, with reports of a 100% increase in sales during the live broadcast event [1][6] - Over 6,000 enterprises from various sectors, including home appliances, electronics, and food, participated in the campaign, supported by major e-commerce platforms [2][9] - The campaign aims to enhance the competitiveness of Guangdong's manufacturing sector and promote local products both domestically and internationally [7][10] Group 1: Campaign Overview - The spring campaign features 12 online and offline promotional events throughout the first quarter, focusing on high-quality products from Guangdong [1][9] - Major brands like Midea, Gree, and Hisense showcased their products during the event, highlighting the strength of Guangdong's manufacturing base [2][3] - The campaign is designed to create a new sales trend for Guangdong products, leveraging both online and offline channels [1][7] Group 2: Product Quality and Innovation - Guangdong's manufacturing sector is characterized by a strong product base, with 44 industrial products accounting for over 10% of national output [2][3] - The campaign emphasizes product quality improvements and innovative features, such as AI technology in air conditioning units [5][6] - The introduction of "smart" products, including consumer drones and industrial robots, showcases Guangdong's technological advancements [3][5] Group 3: Marketing Strategies - The use of live streaming and influencer marketing has transformed traditional promotional methods, enhancing consumer engagement and driving sales [4][6] - The campaign's strategy includes creating immersive experiences for consumers, allowing them to interact with products in real-time [5][6] - E-commerce platforms are actively promoting Guangdong products through targeted marketing and special promotional sections [6][9] Group 4: Future Plans - The campaign aims to establish a sustainable promotional brand that will continue to drive sales and enhance market vitality [10] - Future events will focus on various product categories, including clothing and food, to further promote local advantages [9][10] - The collaboration between government, enterprises, and platforms is expected to create a positive feedback loop, enhancing brand recognition and consumer trust [7][10]