来源：新浪证券-红岸工作室 12月22日，星徽股份跌1.32%，成交额8223.40万元，换手率3.41%，总市值30.81亿元。 异动分析 跨境电商+人民币贬值受益+无线耳机+家用电器+消费电子概念 1、2024年4月16日互动易：公司跨境电商业务板块在售的产品包含小家电品类，产品有香薰机、咖啡 机、空气炸锅、奶泡机等，主要在海外销售。 2、根据2024年年报，公司海外营收占比为67.99%，受益于人民币贬值。 3、2019年11月18日公司在互动平台称：公司音频产品的主要品牌是TaoTronics，TWS技术现已普遍应 用于公司蓝牙耳机产品，年销售额达数千万美金 今日主力净流入-922.72万，占比0.11%，行业排名11/18，该股当前无连续增减仓现象，主力趋势不明 显；所属行业主力净流入-1.56亿，当前无连续增减仓现象，主力趋势不明显。 区间今日近3日近5日近10日近20日主力净流入-922.72万-555.14万-2488.65万-773.46万-6548.10万 主力持仓 主力轻度控盘，筹码分布较为分散，主力成交额4845.44万，占总成交额的11.64%。 技术面：筹码平均交易成本为7.19元 ...

东莞证券股份有限公司 关于对广东星徽精密制造股份有限公司 2025 年度持续督导培训报告 深圳证券交易所： 东莞证券股份有限公司（以下简称"东莞证券"或"保荐机构"）作为广东 星徽精密制造股份有限公司（以下简称"星徽股份"或"上市公司"）2022 年 向特定对象发行股票并在创业板上市的保荐机构，根据《深圳证券交易所上市公 司自律监管指引第 2 号——创业板上市公司规范运作》《深圳证券交易所上市公 司自律监管指引第 13 号——保荐业务》等法规和规则的相关规定以及上市公司 的实际情况，认真履行保荐机构应尽的职责，对上市公司控股股东及实际控制人、 董事、高级管理人员、中层以上管理人员进行了有计划、多层次的后续培训，所 培训的内容严格按照中国证券监督管理委员会及深圳证券交易所有关持续督导 的最新要求进行。 2025 年 12 月 12 日，东莞证券相关人员按照要求完成了对上市公司上市公 司控股股东及实际控制人、董事、高级管理人员、中层以上管理人员的持续培训 工作，特向贵所报送培训工作报告。 | 培训日期 | 年 | 月 | 日 | 2025 | 12 | 12 | | --- | --- | --- | --- | ...

证券之星消息，12月15日互联网电商板块较上一交易日下跌1.42%，星徽股份领跌。当日上证指数报收 于3867.92，下跌0.55%。深证成指报收于13112.09，下跌1.1%。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1.12亿元，游资资金净流入4716.44万元，散户 资金净流入6504.86万元。互联网电商板块个股资金流向见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 ...

Market Overview - The internet e-commerce sector experienced a decline of 1.23% on December 1, with Xinghui Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 3914.01, up 0.65%, while the Shenzhen Component Index closed at 13146.72, up 1.25% [1] Individual Stock Performance - Key stocks in the internet e-commerce sector showed varied performance, with notable declines in stocks like Xinghui Co., Ltd. which fell by 7.79% to a closing price of 6.87 [2] - Other significant declines included New Xunda down 4.30% and Huakai Yibai down 3.10% [2] - Conversely, stocks like Kaichun Co. and Santai Co. saw slight increases of 0.85% and 0.33% respectively [1] Trading Volume and Capital Flow - The total trading volume for the internet e-commerce sector was significant, with Kaichun Co. recording a transaction amount of 2.71 billion yuan [1] - The sector saw a net outflow of 159 million yuan from main funds, while retail investors contributed a net inflow of 104 million yuan [2][3] - Notable capital movements included Focus Technology with a main fund outflow of 27.55 million yuan and retail inflow of 39.73 million yuan [3]

Core Viewpoint - Xinghui Co., Ltd. is pursuing legal action against nine former shareholders of Zebao Technology for a tax dispute arising from its 2018 acquisition, seeking compensation of 68.52 million yuan, with the case accepted by the court but not yet heard [2][5]. Group 1: Acquisition Background - Zebao Technology, once a leading player in cross-border e-commerce, was acquired by Xinghui in 2018 for 1.53 billion yuan, with a payment structure of 891 million yuan in shares and 639 million yuan in cash, resulting in approximately 1.14 billion yuan in goodwill [3][4]. - At its peak in 2020, Zebao Technology contributed 86.43% of Xinghui's cross-border e-commerce revenue, becoming a core growth driver for the company [3]. Group 2: Legal Disputes - The ongoing legal disputes between Xinghui and the former shareholders of Zebao Technology have escalated, with previous accusations of operational manipulation and tax evasion leading to significant financial losses for Zebao [4][5]. - In 2024, Zebao Technology filed a lawsuit against former executives for 242.5 million yuan due to alleged misconduct, indicating a deteriorating relationship between former partners [4]. Group 3: Tax Issues - The current lawsuit for 68.52 million yuan is rooted in undisclosed cross-border tax liabilities, with the total principal amount owed reaching 48.7752 million yuan, which was not revealed during the acquisition process [5][6]. - The former shareholders are being held accountable for compliance and financial accuracy as per the acquisition agreement, with Xinghui seeking joint liability for the tax claims [6]. Group 4: Financial Performance - Xinghui's financial performance shows a revenue decline of 6.23% year-on-year for the first three quarters of 2025, totaling 1.112 billion yuan, while net profit for the same period was 2.692 million yuan, reflecting a significant increase of 106.21% [7][8]. - The outcome of the ongoing lawsuit could significantly impact Xinghui's profitability, as a successful claim would alleviate financial pressure [7]. Group 5: Industry Implications - The ongoing disputes serve as a warning for the cross-border e-commerce industry regarding compliance risks, emphasizing the need for thorough due diligence in tax and operational compliance before acquisitions [9]. - The reliance on a single platform, as seen with Zebao's previous dependence on Amazon, poses risks, highlighting the importance of diversifying sales channels and enhancing compliance to avoid operational pitfalls [9].

星徽股份公告，公司因与孙才金等9人发生合同纠纷，向广东省深圳市中级人民法院提起诉讼，涉案金 额为6852.1万元。原告为广东星徽精密制造股份有限公司，被告包括孙才金、朱佳佳、Sunvalley E- commerce（HK）Limited等9人。诉讼请求包括判令九被告向原告连带赔偿4877.52万元及利息1974.58万 元，并承担本案全部诉讼费用。 ...

证券代码：300464 证券简称：星徽股份 公告编号：2025-132 广东星徽精密制造股份有限公司 关于公司提起诉讼的公告 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、案件所处的诉讼阶段：法院已受理，尚未开庭审理。 2、上市公司所处的当事人地位：原告。 3、涉案的金额：人民币 6,852.10 万元。 4、对上市公司损益产生的影响：案件尚未开庭，公司暂无法准确判断对本 期利润及期后利润的影响，公司将根据案件进展情况及时履行信息披露义务。 一、本次诉讼事项的基本情况 广东星徽精密制造股份有限公司（以下简称"公司"）于近期收到广东省深 圳市中级人民法院出具的《受理案件通知书》，因公司与孙才金等 9 人发生合同 纠纷，公司向广东省深圳市中级人民法院提起诉讼，目前案件已被受理，案号为 （2025）粤 03 民初 9017 号。 二、有关本案的基本情况 （一）诉讼各方当事人 原告：广东星徽精密制造股份有限公司 被告一：孙才金 被告二：朱佳佳 被告三：Sunvalley E-commerce（HK）Limited 被告五：深圳市广富云网投资管理合 ...

来源：新浪证券-红岸工作室 资金分析 今日主力净流入-206.33万，占比0.02%，行业排名12/18，连续2日被主力资金减仓；所属行业主力净流 入-5009.63万，连续2日被主力资金减仓。 11月28日，星徽股份涨0.68%，成交额1.34亿元，换手率5.10%，总市值34.11亿元。 异动分析 跨境电商+人民币贬值受益+无线耳机+家用电器+消费电子概念 1、2024年4月16日互动易：公司跨境电商业务板块在售的产品包含小家电品类，产品有香薰机、咖啡 机、空气炸锅、奶泡机等，主要在海外销售。 2、根据2024年年报，公司海外营收占比为67.99%，受益于人民币贬值。 3、2019年11月18日公司在互动平台称：公司音频产品的主要品牌是TaoTronics，TWS技术现已普遍应 用于公司蓝牙耳机产品，年销售额达数千万美金 4、根据2022年半年报，公司智能家电类产品实现销售收入 2.40 亿元，占公司电商业务收入 37.14%。 5、广东星徽精密制造股份有限公司的主营业务是精密金属连接件的研发、生产、销售和自有品牌的智 能小家电类、电脑手机周边类、电源类、家私类等消费电子产品的研发、设计、销售。公司主要产 ...

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. Group 1: Company Overview - Guangdong Xinghui Precision Manufacturing Co., Ltd. specializes in the research, production, and sales of precision metal connectors and smart home appliances, with its main products including slides, hinges, and various consumer electronics [5][7]. - The company was established on November 11, 1994, and went public on June 10, 2015 [7]. - As of October 10, the company had 23,200 shareholders, a decrease of 2.55% from the previous period, with an average of 15,296 circulating shares per person, an increase of 2.62% [7]. Group 2: Financial Performance - For the period from January to September 2025, the company achieved a revenue of 1.112 billion yuan, a year-on-year decrease of 6.23%, while the net profit attributable to shareholders was 2.6922 million yuan, a year-on-year increase of 106.21% [7]. - The company has cumulatively distributed 71.1607 million yuan in dividends since its A-share listing, with no dividends distributed in the past three years [8]. Group 3: Business Segments - The company's revenue composition includes 71.62% from slides, 16.77% from smart home appliances, 8.01% from power supplies, and 3.60% from other categories [7]. - The cross-border e-commerce segment includes small household appliances such as aroma machines, coffee machines, air fryers, and milk frothers, primarily sold overseas [2][3]. Group 4: Market Activity - On November 25, the company's stock rose by 0.55%, with a trading volume of 92.8739 million yuan and a turnover rate of 3.57%, resulting in a total market capitalization of 3.328 billion yuan [1]. - The company has experienced a net outflow of 10.5317 million yuan from major funds today, ranking 12th out of 18 in its industry, indicating a trend of reduced holdings by major investors over the past three days [4][5].

Group 1 - The core point of the news is that Xinghui Co., Ltd. experienced a 5.05% drop in stock price, closing at 7.14 CNY per share, with a total market capitalization of 3.269 billion CNY [1] - The company, founded on November 11, 1994, and listed on June 10, 2015, specializes in the research, production, and sales of precision metal link components such as slides and hinges, as well as cross-border e-commerce [1] - The main revenue composition of the company includes slides at 71.62%, smart home appliances at 16.77%, power supplies at 8.01%, and other categories at 3.60% [1] Group 2 - From the perspective of fund holdings, one fund under Furong Fund has a significant position in Xinghui Co., Ltd., with Furong Fuyou Mixed A holding 157,200 shares, accounting for 0.79% of the fund's net value [2] - The fund has reported a floating loss of approximately 59,700 CNY due to the recent stock price decline [2] - Furong Fuyou Mixed A was established on December 27, 2021, with a current scale of 2.6047 million CNY and has achieved a year-to-date return of 52.55% [2]