华凯易佰 20260122 摘要 公司四季度业绩显著反转，归母净利润环比增长 552%至 788%，主要 得益于前期高库存、库存减值及高费用压力缓解，以及股权激励费用冲 回的积极影响。 公司通过收购易佰网络转型为跨境电商，目前主要收入和利润来源于易 佰网络，母公司华凯创意主要为费用中心，新老管理层正在交替，胡范 金和庄俊超分别负责 IT 架构与供应链。 公司聚焦宠物用品、家具及母婴玩具三大核心品类，SKU 超过 110 万， 通过系统自动管理，主要销售平台包括亚马逊、沃尔玛及 TikTok，并积 极拓展精品业务。 亚马逊占公司销售额的 60%，仍是最重要平台，美国市场贡献 40%销 售额，欧洲市场占比近 30%，俄罗斯、波兰等新兴市场增速较快，占比 超 10%。 预计 2026 年公司将实现持续高增长，高库存问题已解决，新管理层对 未来充满信心，并推进泛品向精品化发展，通过内部孵化与外部并购扩 展业务。 Q&A 华凯 100 在 2025 年的业绩表现如何？ 华凯 100 在 2025 年的业绩预告显示，公司盈利为 1.32 亿元至 1.62 亿元，同 比下降 22.43%至 4.8%。公司全年收入预计为 9 ...

1月23日，华凯易佰大宗交易成交71.1万股，成交额900.13万元，占当日总成交额的1.13%，成交价12.66 元，较市场收盘价14.39元折价12.02%。 | 交易日期 | 证券代码 | 证券简称 | 成交价格 | 成交量 | 成交舍额 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | (元) | (万股/万份) | (万元) | | | | 2026-01-23 | 300592 | 华凯易佰 | 12.66 | 23.70 | 300.04 华泰证券股份有限 | | 中信证券股份有限 | | | | | | | | 公司北京分公司 | 公司武汉中北路证 | | | | | | | | | 券营业部 | | 2026-01-23 | 300592 | 华凯易佰 | 12.66 | 15.80 | 200.03 机构专用 | | 中信证券股份有限 | | | | | | | | | 公司武汉中北路证 | | | | | | | | | 券营业部 | | 2026-01-23 | 300592 | 华凯 ...

Market Overview - On January 23, the internet e-commerce sector rose by 0.74% compared to the previous trading day, with Qingmu Technology leading the gains [1] - The Shanghai Composite Index closed at 4136.16, up 0.33%, while the Shenzhen Component Index closed at 14439.66, up 0.79% [1] Stock Performance - Notable gainers in the internet e-commerce sector included: - Yubuke Technology (301110) with a closing price of 79.22, up 4.11% [1] - Xinghui Co., Ltd. (300464) with a closing price of 6.80, up 3.82% [1] - Jihong Co., Ltd. (002803) with a closing price of 20.40, up 3.13% [1] - Other significant performers included: - New Xunda (300518) at 23.66, up 2.78% [1] - Kaichun Co., Ltd. (301001) at 34.22, up 2.00% [1] Capital Flow - The internet e-commerce sector saw a net inflow of 133 million yuan from institutional investors, while retail investors experienced a net outflow of 130 million yuan [2] - The main capital flow data indicated: - Focus Technology (002315) had a net outflow of 47.32 million yuan from main investors [3] - Huakai Yibai (300592) saw a net inflow of 24.34 million yuan from main investors [3] - Jihong Co., Ltd. (002803) had a net inflow of 17.27 million yuan from main investors [3]

第2笔成交价格为13.64元，成交22.00万股，成交金额300.08万元，溢价率为-10.03%，买方营业部为机 构专用，卖方营业部为中信证券股份有限公司武汉中北路证券营业部。 1月22日，华凯易佰收涨20.03%，收盘价为15.16元，发生2笔大宗交易，合计成交量40.5万股，成交金 额552.42万元。 第1笔成交价格为13.64元，成交18.50万股，成交金额252.34万元，溢价率为-10.03%，买方营业部为机 构专用，卖方营业部为中信证券股份有限公司武汉中北路证券营业部。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 进一步统计，近3个月内该股累计发生2笔大宗交易，合计成交金额为552.42万元。该股近5个交易日累 计上涨18.25%，主力资金合计净流入9166.95万元。 责任编辑：小浪快报 ...

华凯易佰今日涨停，全天换手率15.33%，成交额7.64亿元，振幅16.35%。龙虎榜数据显示，机构净卖出 467.90万元，深股通净买入1370.70万元，营业部席位合计净卖出340.28万元。 资金流向方面，今日该股主力资金净流入1.02亿元，其中，特大单净流入9233.78万元，大单资金净流入 1007.87万元。近5日主力资金净流入1.07亿元。（数据宝） 华凯易佰1月22日交易公开信息 | 买/ | 会员营业部名称 | 买入金额（万 | 卖出金额（万 | | --- | --- | --- | --- | | 卖 | | 元） | 元） | | 买一 | 深股通专用 | 5875.70 | 4505.00 | | 买二 | 机构专用 | 2558.05 | 832.89 | | 买三 | 开源证券股份有限公司西安太华路证券营业部 | 1895.39 | 0.00 | | 买四 | 机构专用 | 1698.94 | 1139.12 | | 买五 | 华鑫证券有限责任公司上海宛平南路证券营业部 | 1515.66 | 0.00 | | 卖一 | 深股通专用 | 5875.70 | 4505.00 | | ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 003010 | 若羽臣 | 37.52 | -1.86% | 4.37万 | 1.64亿 | | 301110 | 青木科技 | 76.09 | -1.81% | 4.84万 | 3.69亿 | | 605136 | 丽人丽妆 | 12.13 | -0.25% | 14.20万 | 1.73亿 | | 603613 | 国联股份 | 29.08 | -0.10% | 0 11.19万 | 3.26亿 | | 002315 | 焦点科技 | 53.00 | 0.13% | 9.04万 | 4.83亿 | | 600539 | 师头股份 | 11.23 | 0.27% | 11.03万 | 1.24亿 | | 600365 | ST通葡 | 3.20 | 0.63% | 2.60万 | 828.67万 | | 301558 | 三态股份 | 8.97 | 0.67% | 17.20万 | 1.55亿 | | 002640 | 跨境通 | 4.20 | ...

Core Viewpoint - The A-share market shows a slight increase with the Shanghai Composite Index at 4121.37 points, above the five-day moving average, indicating a positive market sentiment [1]. Group 1: Market Performance - The A-share total trading volume reached 21,972.69 billion yuan today [1]. - 817 A-shares have prices that surpassed the five-day moving average, reflecting a bullish trend in the market [1]. Group 2: Individual Stock Performance - Stocks with significant deviations from the five-day moving average include: - Huakai Yibai (300592) with a deviation rate of 15.34% and a daily increase of 20.03% [2]. - Shenxinfeng (300454) with a deviation rate of 12.65% and a daily increase of 20.00% [2]. - Qingyun Technology (688316) with a deviation rate of 12.47% and a daily increase of 16.94% [2]. - Other notable stocks with smaller deviations include: - Qizheng Tibetan Medicine, Dekeli, and Anfu Technology, which have just crossed the five-day moving average [1].

Group 1: Market Overview - The commercial aerospace and AI application sectors experienced a rebound, with commercial aerospace showing stronger performance, boosting related sectors such as military industry and photovoltaic equipment [2] - The mining sector also saw gains, particularly in oil and gas extraction, with "three major oil companies" collectively rising, and China National Offshore Oil Corporation increasing by over 4% [2] - Overall, the market favored small-cap stocks, with the micro-cap index rising by 1.1%, reaching a historical high, while major indices like the Shanghai Composite Index and Shenzhen Component Index declined [2] Group 2: Commercial Aerospace Sector - The commercial aerospace sector rebounded, with stocks like Zhongtai Co., Triangle Defense, and Tianli Composite experiencing significant increases [4] - Notable stock performances included Zhongtai Co. rising by 15.82% with a market cap of 13.1 billion, Triangle Defense up by 14.92% with a market cap of 20.1 billion, and Tengjing Technology increasing by 14.09% with a market cap of 26.4 billion [5] - Recent news regarding SpaceX's IPO plans and updates from three commercial aerospace companies on their IPO guidance have positively influenced market sentiment [6] Group 3: Investment Opportunities in Commercial Aerospace - The value chain of commercial aerospace can be divided into five core levels: "sky, ground, terminal, rocket, and application," with unique market opportunities and technical challenges expected from 2026 to 2030 [7] - Current investment opportunities in commercial aerospace are categorized into three main lines: 1. Launch and manufacturing segments, which are expected to benefit directly from increased orders as satellite constellations enter a dense deployment phase 2. Core components and systems, which include satellite payloads and critical electronic systems, characterized by high technical barriers and essential for long-term competitiveness 3. Downstream applications and operational services, which, while currently limited in scale, hold the most significant long-term potential for value realization [7] Group 4: AI Application Sector - The AI application sector also saw a rebound, with stocks like Huakai Yibai and Deepin Technology experiencing substantial gains [8] - Key stock performances included Huakai Yibai rising by 20.03% with a market cap of 5.29 billion and Deepin Technology increasing by 10.21% with a market cap of 42.5 billion [9] - Recent developments include Baidu's release of the Wenxin large model 5.0, which supports multi-modal understanding and is now available on various platforms, indicating a competitive landscape among major AI model providers [10][11]

整体看，上午市场风格偏向小盘股，微盘股指数上涨1.1%，刷新历史新高，沪深300、上证50等大盘股 指数下跌。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 今天上午，商业航天、AI应用两大人气主线反弹，前者表现更强，带动军工、光伏设备等板块走强。 此外，采掘板块上涨，油气开采板块大涨，煤炭、页岩气等板块上涨。"三桶油"集体上涨，中国海油涨 超4%。 科技股方面，CPU涨价和封测涨价主题高开低走，海光信息、通富微电、长电科技、华天科技等个股下 跌。 截至上午收盘，上证指数下跌0.15%，深证成指下跌0.17%，创业板指下跌0.4%。 | 上证指数 | 深证成指 | 创业板指 | | --- | --- | --- | | 4110.86 | 14230.97 | 3282.48 | | -6.08 -0.15% | -24.16 -0.17% | -13.04 -0.40% | 商业航天板块反弹 今天上午，商业航天板块迎来反弹，中泰股份、三角防务、天力复合等个股大涨。 | | V | 商业航天 | A | C | | --- | --- | --- | --- | --- | | ...

经济观察网2026年1月21日，华凯易佰（300592）发布2025年度业绩预告，预计2025年净利润1.32亿元 至1.62亿元，同比下降4.80%至22.43%；扣除非经常性损益后的净利润1.04亿元至1.34亿元，同比下降 17.05%至35.62%。 ...