证券代码：300464 证券简称：星徽股份 公告编号：2025-127 广东星徽精密制造股份有限公司 股票交易异常波动的公告 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。 一、股票交易异常波动的情况介绍 广东星徽精密制造股份有限公司（以下简称"公司"）股票于 2025 年 9 月 26 日、2025 年 9 月 29 日、2025 年 9 月 30 日连续三个交易日内日收盘价格涨幅 偏离值累计超过 30%。根据《深圳证券交易所交易规则》的相关规定，属于股票 交易异常波动情形。 3、目前公司经营情况及内外部经营环境未发生或预计将要发生重大变化； 4、公司、控股股东和实际控制人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、公司控股股东、实际控制人在股票异常波动期间不存在买卖公司股票的 行为。 三、不存在应披露而未披露信息的说明 本公司董事会确认，本公司目前没有任何根据《深圳证券交易所创业板股票 上市规则》等有关规定应予以披露而未披露的事项或与该事项有关的筹划、商谈、 意向、协议等；董事会也未获悉本公司有根据《深圳证券交易所创业板股 ...

Market Overview - On September 26, the internet e-commerce sector declined by 1.17% compared to the previous trading day, with Liren Lizhuang leading the decline [1] - The Shanghai Composite Index closed at 3828.11, down 0.65%, while the Shenzhen Component Index closed at 13209.0, down 1.76% [1] Stock Performance - Notable gainers included: - Jihong Co., Ltd. (002803) with a closing price of 20.83, up 9.98% and a trading volume of 236,000 shares, totaling 491 million yuan [1] - Xinghui Co., Ltd. (300464) with a closing price of 6.08, up 7.23% and a trading volume of 501,200 shares, totaling 302 million yuan [1] - Major decliners included: - Liren Lizhuang (605136) with a closing price of 10.80, down 5.51% and a trading volume of 311,600 shares, totaling 341 million yuan [2] - Jiyuan Technology (002315) with a closing price of 46.28, down 4.50% and a trading volume of 82,300 shares, totaling 386 million yuan [2] Capital Flow - The internet e-commerce sector experienced a net outflow of 179 million yuan from institutional investors, while retail investors saw a net inflow of 203 million yuan [2] - The capital flow for specific stocks showed: - Jihong Co., Ltd. had a net outflow of 32.91 million yuan from institutional investors [3] - San Tai Co., Ltd. (301558) had a net inflow of 11.11 million yuan from institutional investors [3] - ST Tongpu (600365) had a net inflow of 1.48 million yuan from institutional investors [3]

Core Viewpoint - The stock of Guangdong Xinghui Precision Manufacturing Co., Ltd. has seen a significant increase of 7.23% on September 26, with a trading volume of 302 million yuan and a market capitalization of 2.784 billion yuan [1] Group 1: Company Overview - Guangdong Xinghui Precision Manufacturing Co., Ltd. specializes in the research, production, and sales of precision metal connectors and its own brand of smart home appliances, computer and mobile peripherals, power supplies, and furniture-related consumer electronics [3][7] - The company's main products include slides, hinges, pull baskets, sinks, faucets, and smart home appliances [3] - As of June 30, the company had 27,100 shareholders, an increase of 8% from the previous period, with an average of 13,104 circulating shares per person, a decrease of 7.4% [7] Group 2: Financial Performance - In the first half of 2025, the company achieved operating revenue of 726 million yuan, a year-on-year decrease of 9.38%, and a net profit attributable to the parent company of -10.137 million yuan, a year-on-year decrease of 208.43% [7] - The company's smart home appliance sales revenue reached 240 million yuan in the 2022 semi-annual report, accounting for 37.14% of the e-commerce business revenue [3] - The company has cumulatively distributed dividends of 71.1607 million yuan since its A-share listing, with no dividends distributed in the last three years [8] Group 3: Market Position and Trends - The company's cross-border e-commerce business includes small household appliances such as aroma machines, coffee machines, air fryers, and milk frothers, primarily sold overseas [2] - The company's overseas revenue accounted for 67.99%, benefiting from the depreciation of the RMB [3] - The main business revenue composition includes slides (71.62%), smart home appliances (16.77%), power supplies (8.01%), and others (3.60%) [7] Group 4: Technical Analysis - The average trading cost of the stock is 5.70 yuan, with recent accumulation activity noted, although the strength of this accumulation is weak [6] - The current stock price is near a support level of 6.06 yuan, and if this support level is breached, it may trigger a downward trend [6]

Core Viewpoint - The company, Guangdong Xinghui Precision Manufacturing Co., Ltd., is experiencing fluctuations in stock performance and is benefiting from its cross-border e-commerce business, particularly in the small home appliance sector, amid the depreciation of the RMB [2][4]. Company Overview - Guangdong Xinghui Precision Manufacturing Co., Ltd. specializes in the research, production, and sales of precision metal connectors, as well as its own brand of smart home appliances and other consumer electronics [3][7]. - The company's main products include slides, hinges, baskets, sinks, faucets, and smart home appliances, with the revenue composition being 71.62% from slides, 16.77% from smart home appliances, 8.01% from power supplies, and 3.60% from other categories [7]. Financial Performance - For the first half of 2025, the company reported a revenue of 726 million yuan, a year-on-year decrease of 9.38%, and a net profit attributable to shareholders of -10.14 million yuan, a year-on-year decrease of 208.43% [7]. - As of June 30, the company had a total of 27,100 shareholders, an increase of 8.00% from the previous period, with an average of 13,104 circulating shares per person, a decrease of 7.40% [7]. Market Activity - On September 24, the company's stock rose by 2.61%, with a trading volume of 98.86 million yuan and a turnover rate of 5.07%, bringing the total market capitalization to 2.523 billion yuan [1]. - The company's cross-border e-commerce segment includes small appliances such as aroma machines, coffee machines, air fryers, and milk frothers, primarily sold overseas [2][3]. Investment Insights - The company's overseas revenue accounted for 67.99% of total revenue, benefiting from the depreciation of the RMB [3]. - The average trading cost of the stock is 5.65 yuan, with the current price near a support level of 5.49 yuan, indicating potential for a rebound if this support holds [6].

证券日报网讯9月23日晚间，星徽股份（300464）发布公告称，公司及子公司没有对合并报表外的单位 提供担保，无逾期对外担保、无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况。 ...

证券代码：300464 证券简称：星徽股份 公告编号：2025-126 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。 特别风险提示： 广东星徽精密制造股份有限公司（以下简称"公司"）对子公司提供担保总 额超过公司最近一期经审计净资产 100%，公司及子公司没有对合并报表外的单 位提供担保，敬请投资者注意担保风险。 一、担保情况概述 广东星徽精密制造股份有限公司 关于为全资子公司提供担保的公告 公司于 2025 年 4 月 21 日召开第五届董事会第十二次会议，于 2025 年 5 月 15 日召开 2024 年年度股东会，分别审议通过了《关于公司及子公司 2025 年度 申请综合授信额度及担保额度预计的议案》，同意公司及子公司 2025 年度向银行 等金融机构、非金融机构申请总金额不超过人民币 12 亿元或等值外币的授信额 度；同意公司 2025 年度为子公司提供总额度不超过人民币 10 亿元或等值外币的 担保。授信期限和担保期限为自 2024 年年度股东会审议通过之日起至 2025 年年 度股东会召开之日止，且不超过 12 个月。具体内容详见公司于 202 ...

Group 1 - The company hosted a specific investor research and site visit event on September 18, attended by six institutions including GF Securities and Morgan Fund [1] - The main products in the company's home hardware business include slides and hinges, with applications across various industries such as custom home furnishing and household appliances [2] - The company emphasizes its core competitiveness in R&D and technological innovation, lean manufacturing, cost control, channel network, customer service, and brand premium [2] Group 2 - Domestic home hardware brands offer high cost-performance and rapid product iteration, while foreign brands are often tied to high-end cabinetry and have stable engineering channels [2] - The company's customer base is primarily industrial, with a significant portion of sales through direct sales, and it has established over 160 agency channels in key cities [2] - Future market drivers for the home hardware industry include demand for renovation and partial remodeling, consumption upgrades, and the deepening of whole-house customization [2]

Company Overview - Xinghui Co., Ltd. (SZ 300464) announced an investor meeting scheduled for September 18, 2025, where the company’s board secretary and securities representative will address investor inquiries [1] Financial Performance - For the year 2024, the revenue composition of Xinghui Co., Ltd. is as follows: manufacturing of construction and safety metal products accounts for 64.95%, cross-border e-commerce contributes 33.54%, and other businesses make up 1.51% [1] Market Position - As of the report, Xinghui Co., Ltd. has a market capitalization of 2.5 billion yuan [1]

Group 1: Company Overview and Sales Model - The company specializes in home hardware products, including sliding rails, hinges, and kitchen and bathroom accessories, serving industries such as custom furniture and appliances [2][3] - The sales model combines direct sales and agency sales, focusing on large clients while expanding the agency network to cover various markets [3][6] - As of the first half of 2025, domestic and international sales each accounted for 50%, with channel sales making up approximately 30% [6] Group 2: Core Competencies - Key competitive advantages include R&D and technological innovation, particularly in smart and automated products [4] - Lean manufacturing and cost control are emphasized to maintain product consistency and reliability while optimizing costs [4] - A robust channel network and customer service capabilities are crucial for market penetration and customer retention [4] Group 3: Market Differentiation - Domestic brands offer high cost-performance ratios and rapid product iteration compared to foreign brands, which are often associated with higher price points [5][6] - Domestic companies have extensive coverage from urban to rural areas, establishing strong ties with small furniture manufacturers and renovation companies [5] - Brand awareness is rapidly increasing for leading domestic firms through digital marketing strategies, while foreign brands maintain a reputation for high-end reliability [5][6] Group 4: Future Market Drivers - The demand for renovation and partial upgrades in existing homes is a significant growth driver as the real estate market matures [7] - Consumer preferences are shifting towards higher quality and functionality, leading to increased demand for premium hardware products [7] - The trend of full-house customization is growing, requiring higher standards for hardware components [7] - Upgrades in manufacturing and supply chain integration are enhancing efficiency and market share for leading companies [7]

Company Overview - Guangdong Xinghui Precision Manufacturing Co., Ltd. is located in Shunde District, Foshan City, Guangdong Province, and was established on November 11, 1994. It was listed on June 10, 2015. The company's main business includes the research, production, and sales of precision metal connectors such as slides and hinges, as well as cross-border e-commerce business [7] - The revenue composition of the company includes: slides 71.62%, smart small appliances 16.77%, power supply 8.01%, and others 3.60% [7] - As of June 30, the number of shareholders of Xinghui shares is 27,100, an increase of 8.00% compared to the previous period, with an average circulating share of 13,104 shares, a decrease of 7.40% [7] Financial Performance - For the first half of 2025, the company achieved an operating income of 726 million yuan, a year-on-year decrease of 9.38%, and a net profit attributable to the parent company of -10.14 million yuan, a year-on-year decrease of 208.43% [7] - The company has cumulatively distributed cash dividends of 71.16 million yuan since its A-share listing, with no cash dividends distributed in the past three years [8] Business Segments - The company's cross-border e-commerce business includes small household appliances such as aroma machines, coffee machines, air fryers, and milk frothers, primarily sold overseas [2] - In the 2022 semi-annual report, the sales revenue of smart home appliances reached 240 million yuan, accounting for 37.14% of the company's e-commerce business revenue [3] - The company's audio products are primarily branded under TaoTronics, with annual sales reaching tens of millions of US dollars [3] Market Dynamics - The company benefits from the depreciation of the RMB, with overseas revenue accounting for 67.99% of total revenue according to the 2024 annual report [4][5] - The stock price of Xinghui shares decreased by 0.90% on September 19, with a trading volume of 97.25 million yuan and a turnover rate of 4.91%, resulting in a total market value of 2.518 billion yuan [1]