Core Viewpoint - The company, Guangdong Xinghui Precision Manufacturing Co., Ltd., is experiencing a decline in stock performance and revenue, while benefiting from its cross-border e-commerce business and the depreciation of the RMB [1][2][3]. Company Overview - Guangdong Xinghui Precision Manufacturing Co., Ltd. specializes in the research, production, and sales of precision metal connectors and smart home appliances, with a significant portion of its revenue coming from cross-border e-commerce [5][7]. - The company's main products include slides (55.24% of revenue), smart home appliances (15.69%), hinges (7.71%), and power supplies (7.54%) [7]. Financial Performance - For the first quarter of 2025, the company reported a revenue of 335 million yuan, a year-on-year decrease of 8.65%, and a net profit attributable to shareholders of -2.84 million yuan, a year-on-year decrease of 161.13% [7]. - The company's overseas revenue accounted for 67.99% of total revenue, benefiting from the depreciation of the RMB [2][3]. Market Activity - On August 14, the company's stock price fell by 2.98%, with a trading volume of 75.25 million yuan and a turnover rate of 3.79%, resulting in a total market capitalization of 2.532 billion yuan [1]. - The stock has seen a net outflow of 1.1575 million yuan from major investors, indicating a reduction in holdings over the past two days [4][5]. Technical Analysis - The average trading cost of the stock is 5.55 yuan, with the current price approaching a resistance level of 5.57 yuan, suggesting potential for a price correction if this level is not surpassed [6].

证券之星消息，8月13日互联网电商板块较上一交易日上涨0.18%，壹网壹创领涨。当日上证指数报收于 3683.46，上涨0.48%。深证成指报收于11551.36，上涨1.76%。互联网电商板块个股涨跌见下表： 从资金流向上来看，当日互联网电商板块主力资金净流出2.13亿元，游资资金净流出4024.08万元，散户 资金净流入2.53亿元。互联网电商板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 300792 壹网壹创 | | 6354.30万 | 6.80% | -4098.78万 | -4.39% | -2255.52万 | -2.41% | | 003010 | 若羽臣 | 1238.19万 | 2.40% | 803.86万 | 1.56% | -2042.04万 | -3.96% | | 301001 凯淳股份 | | 395.02万 | 3.08% | 246.49万 | 1.9 ...

Core Viewpoint - The company, Xinghui Co., stated that its operations are normal and management is focused on enhancing business expansion and operational efficiency through various strategic initiatives [2] Group 1: Business Operations - The company is actively optimizing resource allocation to improve operational performance [2] - Management is emphasizing technological innovation as a key driver for growth [2] - The company is deepening its market layout to enhance its competitive position [2]

证券代码：300464 证券简称：星徽股份 公告编号：2025-066 广东星徽精密制造股份有限公司 关于控股股东部分股份解除冻结的公告 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。 二、股东股份解除冻结的原因 谢晓华女士 6,650,000 股股份被冻结的具体情况详见公司 2025 年 6 月 9 日 在巨潮资讯网（www.cninfo.com.cn）披露的《关于控股股东部分股份被司法冻结 的公告》（公告编号：2025-060）。 广东星徽精密制造股份有限公司（以下简称"公司"）于近日收到控股股东 通知，获悉公司控股股东谢晓华女士持有的本公司部分股份已解除冻结，具体 情况如下： 一、股东股份解除冻结的基本情况 （一）本次股份解除冻结基本情况 | 股东 | 是否为控股 股东或第一 | 本次解 除冻结 | 占其所 | 占公 司总 | | | 解除冻 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 股份数 | 持股份 | | 起始日 | 解除日期 | | | 名称 | 大股东及其 | 量 | 比 ...

Core Viewpoint - The company, Guangdong Xinghui Precision Manufacturing Co., Ltd., is benefiting from its cross-border e-commerce business, particularly in the small home appliance sector, amidst the depreciation of the RMB. Group 1: Business Overview - The company specializes in the research, production, and sales of precision metal components, including slides and hinges, with a significant portion of its revenue coming from cross-border e-commerce [7]. - As of March 31, the company's revenue composition includes 55.24% from slides, 15.69% from smart home appliances, and 7.71% from hinges, among other categories [7]. - The company reported a revenue of 3.35 billion yuan for the first quarter of 2025, a year-on-year decrease of 8.65%, with a net profit of -28.42 million yuan, a significant decline of 161.13% [7]. Group 2: Financial Performance - The company's overseas revenue accounted for 67.99% of total revenue, benefiting from the depreciation of the RMB [3]. - In the first half of 2022, the sales revenue from smart home appliances reached 240 million yuan, representing 37.14% of the company's e-commerce revenue [2]. - The company has distributed a total of 71.16 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [8]. Group 3: Market Activity - On August 6, the company's stock price increased by 0.71%, with a trading volume of 59.59 million yuan and a market capitalization of 2.591 billion yuan [1]. - The stock has shown a net inflow of 5.09 million yuan from major investors today, indicating a lack of clear trend in major investor activity [4][5]. - The average trading cost of the stock is 5.53 yuan, with the current price approaching a resistance level of 5.67 yuan, suggesting potential for upward movement if the resistance is broken [6].

Core Viewpoint - The company, Guangdong Xinghui Precision Manufacturing Co., Ltd., is benefiting from its cross-border e-commerce business and the depreciation of the RMB, with a significant portion of its revenue coming from overseas sales [3]. Group 1: Company Overview - Guangdong Xinghui Precision Manufacturing Co., Ltd. was established on November 11, 1994, and listed on June 10, 2015. The company specializes in the research, production, and sales of precision metal components such as slides and hinges, with a focus on cross-border e-commerce [7]. - The company's main business revenue composition includes: slides (55.24%), smart small appliances (15.69%), hinges (7.71%), power supplies (7.54%), computer and mobile peripherals (3.54%), and others [7]. - As of March 31, the number of shareholders is 25,100, a decrease of 13.57% from the previous period, with an average of 14,152 circulating shares per person, an increase of 27.50% [7]. Group 2: Financial Performance - In the first quarter of 2025, the company achieved operating revenue of 335 million yuan, a year-on-year decrease of 8.65%, and a net profit attributable to the parent company of -2.84 million yuan, a year-on-year decrease of 161.13% [7]. - The company has distributed a total of 71.16 million yuan in dividends since its A-share listing, with no dividends distributed in the past three years [8]. Group 3: Market Activity - On August 5, the company's stock rose by 0.72%, with a trading volume of 61.45 million yuan and a turnover rate of 3.09%, bringing the total market capitalization to 2.573 billion yuan [1]. - The company's cross-border e-commerce segment includes small household appliances such as aroma machines, coffee machines, air fryers, and milk frothers, primarily sold overseas [2]. - The company reported that its audio products, under the brand TaoTronics, achieved annual sales of tens of millions of dollars, with TWS technology widely applied in its Bluetooth earphone products [2].

广东星徽精密制造股份有限公司（以下简称"公司"）于 2025 年 7 月 24 日 收到东莞证券股份有限公司（以下简称"东莞证券"）出具的《关于变更广东星 徽精密制造股份有限公司持续督导保荐代表人的函》。2023 年 7 月 20 日，中国 证券监督管理委员会出具《关于同意广东星徽精密制造股份有限公司向特定对象 发行股票注册的批复》（证监许可〔2023〕1579 号），同意公司向特定对象发行股 票的注册申请。公司向特定对象发行股票于 2023 年 9 月 20 日在深圳证券交易所 上市，东莞证券指派孙守恒先生及孔令一先生担任该项目的保荐代表人，持续督 导期至 2025 年 12 月 31 日。原保荐代表人孔令一先生因工作变动，不再负责公 司持续督导的保荐工作。为保证持续督导工作的有序进行，东莞证券决定由李钦 华先生接替孔令一先生担任公司持续督导工作的保荐代表人，继续履行持续督导 职责。 关于变更持续督导保荐代表人的公告 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。 本次保荐代表人变更后，公司向特定对象发行股票项目的持续督导保荐代表 人为孙守恒先生及李钦华先生 ...

证券代码：300464 证券简称：星徽股份 公告编号：2025-064 广东星徽精密制造股份有限公司（以下简称"公司"）于 2025 年 7 月 10 日 通过查询中国证券登记结算有限责任公司发行人在线业务办理系统的《证券质 押及司法冻结明细表》，获悉公司控股股东谢晓华女士持有的本公司部分股份 被司法冻结，具体情况如下： | | 是否为 | | | | 是否 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股 | 控股股 | | 占其 | 占公 | 为限 | | | | | | 东 | 东或第 | 本次冻结 | 所持 | 司总 | 售股 | | | 冻结 | 原 | | | 一大股 | 股份数量 | | | | 起始日 | 到期日 | 申请 | | | 名 | 东及其 | （股） | 股份 | 股本 | 及限 | | | 人 | 因 | | 称 | | | 比例 | 比例 | 售类 | | | | | | | 一致行 动人 | | | | 型 | | | | | | | | | | | | | | 广东 | | ...

Investment Rating - The report does not explicitly state an investment rating for the precision slide rail industry Core Insights - The precision slide rail industry is experiencing new opportunities due to the rapid development of industrial automation and smart manufacturing [3] - The structure of precision slide rails includes key components such as outer rail, inner rail, and functional mechanisms, which are essential for various applications [6][7] - The industry is characterized by a competitive landscape with major players like Accuride, Hettich, and domestic companies such as Haidar and Xinghui [11][15] - The domestic manufacturers are rapidly closing the technology gap with international brands, with some products even outperforming foreign counterparts [17][18] - The government’s household appliance subsidy policy is expected to drive market demand for precision slide rails, particularly in the home appliance sector [22][23] Summary by Sections Structure and Applications - Precision slide rails consist of a slide rail body and functional mechanisms, with two-section and three-section types available [6] - They are widely used in various fields, including home appliances (e.g., refrigerators, ovens), servers, and commercial equipment [5][7] Market Participants - Key players in the precision slide rail market include Accuride (USA), Hettich (Germany), and several Chinese companies like Haidar and Xinghui, which are expanding their market presence [11][15] Product Segmentation - The market for home appliance slide rails is segmented into low-end, mid-range, and high-end products, each targeting different customer needs and competitive dynamics [12][15] Technology and Domestic Progress - The technology gap between domestic manufacturers and international leaders is narrowing, with significant advancements in product performance and innovation [17][18][19] Government Policy Impact - The implementation of the household appliance subsidy policy is anticipated to stimulate demand for precision slide rails, particularly in the context of product upgrades and consumer preferences shifting towards higher quality [22][23]

证券代码：300464 证券简称：星徽股份 公告编号：2025-062 广东星徽精密制造股份有限公司 关于 2022 年限制性股票激励计划部分第一类限制性股票 回购注销完成的公告 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。 重要内容提示： 1、广东星徽精密制造股份有限公司（以下简称"公司"或"星徽股份"） 本次回购注销已获授但尚未解除限售的第一类限制性股票 4,397,000 股，占回 购注销前公司总股本 462,216,663 股的 0.9513%，涉及激励对象人数 22 名。其 中，17 名首次授予激励对象因首次授予部分第三个解除限售期的公司层面业 绩考核不达标，其已获授但尚未解除限售的 4,172,000 股第一类限制性股票的 回购价格为 3.49 元/股加上中国人民银行同期存款利息之和；5 名预留授予激 励对象因预留授予部分第二个解除限售期的公司层面业绩考核不达标，其已获 授但尚未解除限售的 225,000 股第一类限制性股票的回购价格为 3.22 元/股加 上中国人民银行同期存款利息之和。回购上述限制性股票的资金总额为人民币 16,045,759 ...