证券代码：002959 证券简称：小熊电器 公告编号：2025-009 本次会议以书面表决方式进行表决。经与会董事认真审议，本次会议审议并通 过了如下议案： 一、审议并通过《关于不向下修正"小熊转债"转股价格的议案》 自 2025 年 3 月 10 日至 2025 年 3 月 31 日，公司股票已有 15 个交易日的收盘价 格低于当期转股价格的 85%，已触发公司可转换公司债券（以下简称"小熊转债"） 转股价格向下修正条件。 综合考虑公司实际情况、股价走势、市场环境等多重因素，基于对公司长期稳 健发展与内在价值的信心，为维护全体投资者利益，公司董事会决定本次不向下修 正"小熊转债"转股价格，且在未来六个月内（即 2025 年 4 月 1 日至 2025 年 9 月 30 日），如股价再次触发"小熊转债"转股价格向下修正条件，亦不提出向下修正 方案。自 2025 年 10 月 1 日起，开始重新计算。期后若触发"小熊转债"转股价格 向下修正条件，届时公司董事会将召开会议决定是否行使"小熊转债"转股价格向 下修正权利。 具 体 内 容 详 见 同 日 公 司 登 载 在 《 证 券 时 报 》 和 巨 潮 资 讯 ...

小熊电器: 关于小熊转债预计触发转股价格向下修 正条件的提示性公告 证券代码：002959 证券简称：小熊电器 公告编号：2025-007 债券代码：127069 债券简称：小熊转债 小熊电器股份有限公司 关于"小熊转债"预计触发转股价格向下修正条件的提示性公告 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。 （以下简称"《募集说明书》"）的相关规定及时履行后续审议程序和信息披露义 务。敬请广大投资者注意投资风险。 一、可转换公司债券发行上市概况 经中国证券监督管理委员会《关于核准小熊电器股份有限公司公开发行可转换 公司债券的批复》 （证监许可〔2022〕1099号）核准，公司向社会公开发行了5,360,000 张可转换公司债券，每张面值100元，期限6年，发行总额为53,600.00万元。 经深圳证券交易所（以下简称"深交所"） "深证上2022869 号"文同意，公司 特别提示： 称"公司"）股票已有 10 个交易日的收盘价格低于当期转股价格的 85%，预计后续 有可能触发"小熊转债"转股价格向下修正条件。若触发条件，公司将根据《深圳 证券交易所上市公司自 ...

| 证券代码：002959 | 证券简称：小熊电器 | 公告编号：2025-007 | | --- | --- | --- | | 债券代码：127069 | 债券简称：小熊转债 | | 小熊电器股份有限公司 关于"小熊转债"预计触发转股价格向下修正条件的提示性公告 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、转股期限：2023 年 2 月 20 日至 2028 年 8 月 11 日 2、转股价格：53.20 元/股 3、自 2025 年 3 月 10 日至 2025 年 3 月 24 日，小熊电器股份有限公司（以下简 称"公司"）股票已有 10 个交易日的收盘价格低于当期转股价格的 85%，预计后续 有可能触发"小熊转债"转股价格向下修正条件。若触发条件，公司将根据《深圳 证券交易所上市公司自律监管指引第 15 号——可转换公司债券》（以下简称《自律 监管指引》）及《小熊电器股份有限公司向不特定对象发行可转换公司债券募集说明 书》（以下简称"《募集说明书》"）的相关规定及时履行后续审议程序和信息披露义 务。敬请广大投资者注意投资风险。 一 ...

Core Viewpoint - The article highlights the recognition of Bear Electric for its innovative retail marketing strategy, which emphasizes user needs and integrates various platforms to enhance consumer engagement and sales conversion [1][4]. Group 1: Award Recognition - Bear Electric won the "2025 Home Appliance Innovation Retail Excellent Case Award" at the 2025 China Home Appliance Innovation Retail Summit for its IP marketing project titled "Easy Life, Feel It" [1]. - This award reflects Bear Electric's forward-thinking in retail model innovation and the dual recognition from the industry and consumers regarding its marketing effectiveness [1]. Group 2: Marketing Strategy - The award-winning case focuses on the brand value of "easy and pleasant quality life," utilizing Xiaohongshu as a core platform to integrate IP resources, KFS content ecosystem, and celebrity live-streaming events [4]. - The marketing strategy targets the "all-round life" demographic, particularly young consumers seeking a balance between quality and efficiency, by creating scene-based content that resonates with their lifestyle trends [4][5]. Group 3: Engagement and Conversion - Through celebrity live-streaming, Bear Electric achieved over 47 million exposures and topped the platform's live-streaming audience rankings, effectively converting content engagement into store traffic [7]. - The campaign generated a total exposure exceeding 600 million and a topic browsing volume of over 65 million, with target audience engagement metrics increasing by over 10% [8]. Group 4: Product Experience and Innovation - At the 2025 AWE exhibition, Bear Electric showcased over 100 quality products across eight life scenarios, reinforcing the theme of "quality life, easily accessible" [9]. - The company emphasizes user experience through innovative product offerings, such as mini rice cookers and intelligent washing machines, catering to the needs of young, independent consumers [9][11]. Group 5: Future Directions - Bear Electric aims to continue its focus on precise innovation and digital manufacturing, redefining the relationship between small appliances and daily life, making quality living a tangible reality for every household [12].

小熊电器股份有限公司（以下简称"公司"）分别于 2024 年 12 月 10 日和 2024 年 12 月 26 日召开了第三届董事会第十五次会议和 2024 年第二次临时股东大会， 审议通过了《关于变更公司经营范围、注册资本及修订〈公司章程〉的议案》，同 意变更公司经营范围，同意将公司注册资本变更为人民币 157,038,655 元，并同意 修订《 公 司 章 程 》， 具 体 内 容 详 见 公 司 在 《 证 券 时 报 》 和 巨 潮 资 讯 网 （http://www.cninfo.com.cn）上披露的《关于变更公司经营范围、注册资本及修订 〈公司章程〉的公告》（公告编号：2024-099）。 近日，公司完成了上述工商变更登记及章程备案手续，并取得了佛山市顺德 区市场监督管理局换发的《营业执照》。变更后的营业执照信息如下： 名称：小熊电器股份有限公司 统一社会信用代码：91440606786454927J 注册资本：壹亿伍仟柒佰零叁万捌仟陆佰伍拾伍元人民币 类型：股份有限公司（上市、自然人投资或控股） 证券代码：002959 证券简称：小熊电器 公告编号：2025-006 小熊电器股份有限公司 关 ...

Investment Rating - The report maintains an "Outperform the Market" rating for the home appliance industry [6][11][12]. Core Insights - The home appliance sector is experiencing a recovery driven by government subsidy policies, with offline retail sales of major appliances showing significant growth in early 2025. Online demand for small kitchen appliances has also rebounded [1][2][16]. - In January and February 2025, the total retail sales of home appliances increased by 1.4% online and 10.2% offline year-on-year, with offline sales benefiting from the "old-for-new" subsidy policy [2][17]. - The export value of home appliances in the first two months of 2025 grew by 8% year-on-year, continuing a positive growth trend despite a high base from the previous year [3][26]. Summary by Sections Retail Performance - Offline retail sales of major appliances showed strong growth, with specific categories like air conditioners, refrigerators, and washing machines increasing by 21.4%, 5.5%, and 13.1% respectively in early 2025. Online sales for these categories varied, with some experiencing declines [2][17]. - The small kitchen appliance segment saw a notable recovery in online sales, with January showing a decline of 12.9% and February rebounding by 27.3% [2][17]. Export Trends - The export volume of home appliances reached 6.9 billion units in the first two months of 2025, marking a 9.4% increase year-on-year. The export value in RMB was 1093.9 billion, reflecting a 7.6% increase [3][26]. Company Performance - iRobot reported a significant revenue decline of 44.1% in Q4 2024, facing challenges in major markets such as the US and Europe. The company's gross margin also decreased, indicating pressure on profitability [4][31]. Market Data Tracking - The home appliance sector achieved a relative return of +0.28% this week, outperforming the broader market [5][36]. - Raw material prices for copper and aluminum increased by 1.5% and 0.2% respectively, while cold-rolled steel prices rose by 2.0% [5][37]. Investment Recommendations - The report recommends several companies within the home appliance sector, including Midea Group, Haier Smart Home, TCL Smart Home, and Gree Electric, all rated as "Outperform the Market" [6][12][50].

| 证券代码：002959 | 证券简称：小熊电器 公告编号：2025-005 | | --- | --- | | 债券代码：127069 | 债券简称：小熊转债 | 小熊电器股份有限公司 关于 2022 年股票期权与限制性股票激励计划部分限制性股票 回购注销完成暨不调整"小熊转债"转股价格的公告 1、本次回购注销限制性股票涉及人数为 2 人，回购注销限制性股票数量为 23,000 股（包括首次授予限制性股票 3,000 股和预留授予限制性股票 20,000 股）， 占公司总股本的 0.01%； 2、首次授予限制性股票的回购价格为 23.17 元/股，预留授予限制性股票的 回购价格为 31.16 元/股； 3、本次回购注销完成后，公司总股本由 157,061,674 股减至 157,038,674 股； 4、截至本公告披露日，上述限制性股票已在中国证券登记结算有限责任公 司深圳分公司完成回购注销手续； 5、本次回购注销部分限制性股票对可转债转股价格影响较小，因此转股价 格未做调整，转股价格仍为 53.20 元/股。 小熊电器股份有限公司（以下简称"公司"）于 2024 年 8 月 27 日和 12 月 26 ...

证券简称：小熊电器 证券代码：002959 债券简称：小熊转债 债券代码：127069 东莞证券股份有限公司 关于小熊电器股份有限公司 可转换公司债券不调整转股价格的 临时受托管理事务报告 债券受托管理人 （住所：东莞市莞城区可园南路一号） 二〇二五年三月 1 重要声明 根据《公司债券发行与交易管理办法》（以下简称"交易管理办法"）、《可 转换公司债券管理办法》（以下简称"管理办法"）、《小熊电器股份有限公司 与东莞证券股份有限公司关于小熊电器股份有限公司向不特定对象发行可转换 债券之受托管理协议》（以下简称"受托管理协议"）、《小熊电器股份有限公 司向不特定对象发行可转换公司债券募集说明书》《公司债券受托管理人执业行 为准则》等相关规定和约定，东莞证券股份有限公司（以下简称"东莞证券"） 作为受托管理人，以公开信息披露文件、发行人提供的相关资料等为信息来源编 制本临时受托管理事务报告。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关 事宜做出独立判断，而不应将本报告中的任何内容据以作为东莞证券所作的承诺 或声明。未经东莞证券书面许可，不得将本报告用作其他任何用途。 2 释义 3 在本报告 ...

证券代码：002959 证券简称：小熊电器 公告编号：2025-004 小熊电器股份有限公司 关于为子公司提供担保的进展公告 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、担保情况概述 小熊电器股份有限公司（以下简称"公司"或"小熊电器"）于 2024 年 4 月 7 日、5 月 10 日分别召开第三届董事会第七次会议及 2023 年度股东大会，审议通过 了《关于 2024 年度对外担保额度的议案》，同意子公司申请授信及日常经营需要时 为其提供相应担保，2024 年度担保金额不超过人民币 260,000 万元，其中为资产负 债率超过 70%的子公司担保额度不超过 95,000 万元，为资产负债率 70%以下的子 公司担保额度不超过 165,000 万元。在上述额度范围内，公司与子公司之间以及子 公司与其他子公司之间可以互相提供担保。其中，公司为佛山市格皓电子技术有限 公司（以下简称"格皓电子"）提供 20,000 万元的担保额度。担保额度有效期为自 公司 2023 年度股东大会审议通过之日起至 2024 年度股东大会召开之日止，担保额 度在有效期内可循环 ...

Summary of Conference Call Company and Industry Overview - The conference call discusses the performance and challenges faced by the company, particularly in the small home appliance industry, during 2024. The year is characterized by intensified competition and a weakening demand chain [1][2][3]. Key Points and Arguments Competitive Landscape - The competition in the small home appliance sector has intensified, particularly between brands and platforms. Notably, the brand "Meidi" is re-entering the market, leading to significant price wars, especially online [1][2]. - In Q2 2024, competition among platforms, particularly with JD.com, is expected to escalate [1]. Impact of National Subsidies - National subsidies for small appliances began to affect the market in mid-2023, with the company participating in these subsidies starting in October 2023. The initial impact was neutral for the company due to its lower average product price of around 100 yuan, which results in a subsidy of only 15 to 20 yuan per product [2][3][4]. - The company has a limited number of products eligible for subsidies, with only 60 out of over 900 SKUs participating in the initial subsidy program [4][5]. Sales Performance and Seasonal Trends - The company anticipates challenges during the Q4 sales events (Double 11 and Double 12) due to high sales baselines from the previous year and ongoing price competition [6][7]. - Despite the challenges, the company expects Q4 performance to improve compared to Q3, aided by the national subsidies [10]. Product Categories and Contributions - The top five product categories for the company include health pots, rice cookers, humidifiers, electric kettles, and choppers, with the health pot contributing 8-9% to total sales. The rice cooker has shown a notable positive impact from subsidies [8][9]. Expansion and Strategic Initiatives - The company is exploring category expansion, particularly in less competitive segments like lifestyle and maternal-infant products. The acquisition of the brand "Roman" is part of this strategy, focusing on personal care products [12][13]. - The company aims to leverage Roman's strengths in OEM (Original Equipment Manufacturer) and expand its product offerings [14][15]. Export and International Market Strategy - The company has seen its export business grow, with OEM sales accounting for 50% of its export revenue. Southeast Asia, particularly Vietnam, is a key market for self-branded products [17][18]. - The company is also focusing on cross-border e-commerce, primarily through Amazon, targeting developed markets in Europe and North America [19]. Cost Management and Efficiency - The company has implemented cost-cutting measures in response to a competitive environment, focusing on reducing expenses while maintaining product quality and innovation [20][21]. - Marketing expenses are being scrutinized, particularly in relation to the performance of channels like Douyin (TikTok) [21][22]. Future Outlook - The company remains optimistic about its position in the small home appliance industry, despite current macroeconomic challenges. It believes it is undervalued and is positioned for recovery [25]. Other Important Insights - The company is actively managing its financial strategies, including potential adjustments to convertible bonds based on stock performance [24]. - There is a focus on enhancing digital capabilities and reducing consulting fees as part of overall cost management [22][23]. This summary encapsulates the key discussions and insights from the conference call, highlighting the company's strategic responses to market challenges and opportunities.