Key Points - The company Mars Kitchenware Co., Ltd. has issued convertible bonds to raise a total of RMB 528.999 million, with a net amount of RMB 518.753 million after deducting issuance costs [4][26]. - The bonds have a face value of RMB 100 each and will be traded on the Shenzhen Stock Exchange under the name "Mars Convertible Bonds" [4][25]. - The bond issuance has been approved by the China Securities Regulatory Commission and various internal company meetings [3][4]. - The bonds have a maturity period of 6 years, with an annual interest rate that increases from 0.30% in the first year to 3.00% in the sixth year [5][6]. - The initial conversion price for the bonds is set at RMB 34.59 per share, which is subject to adjustments based on various corporate actions [8][9]. - The funds raised will be used for the construction of a smart kitchen appliance production base, with a total investment of RMB 100.35 million, aiming to increase production capacity significantly [22][23]. - The company has experienced a significant decline in revenue and net profit in 2024 compared to 2023, with a revenue drop of 35.68% and a net profit decrease of 101.10% [25][26]. - The company has a credit rating of AA- from China Chengxin International Credit Rating Co., Ltd., indicating a stable outlook for the bonds [23][24].

股票代码：300894 股票简称：火 星 人 债券代码：123154 债券简称：火星转债 火星人厨具股份有限公司 向不特定对象发行可转换公司债券 受托管理事务报告 （2024 年度） 债券受托管理人 二〇二五年六月 重要声明 本报告依据《公司债券发行与交易管理办法》（以下简称"《管理办法》"）、 《可转换公司债券受托管理协议》（以下简称"《受托管理协议》"）、《火星人厨具 股份有限公司创业板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》"）、《火星人厨具股份有限公司 2024 年年度报告》等相关公开信 息披露文件、第三方中介机构出具的专业意见等，由本期债券受托管理人中信建 投证券股份有限公司（以下简称"中信建投证券"）编制。中信建投证券对本报 告中所包含的从上述文件中引述内容和信息未进行独立验证，也不就该等引述内 容和信息的真实性、准确性和完整性做出任何保证或承担任何责任。 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中信建投证券所作的 承诺或声明。在任何情况下，投资者依据本报告所进行的任何作为或不作为，中 信 ...

证券代码：300894 证券简称：火星人 公告编号：2025-040 债券代码：123154 债券简称：火星转债 火星人厨具股份有限公司 关于控股股东、实际控制人解除质押及继续质押部 分股份的公告 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。 火星人厨具股份有限公司（以下简称"公司"或"本公司"）近日接到公司 控股股东、实际控制人黄卫斌先生通知，获悉黄卫斌先生将其所持有本公司的部 分股份进行了质押及解除质押，具体情况如下： | | 是否为控 | | 占其 | 占公 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 股东名 | 股股东或 | 本次解除质 | 所持 | 司总 | | | | | 称 | 第一大股 | 押数量 | 股份 | 股本 | 质押起始日 | 质押到期日 | 质权人 | | | 东及其一 | （股） | 比例 | 比例 | | | | | | 致行动人 | | （%） | （%） | | | | | 黄卫斌 | 是 | 26,000,000 | 17.58 | 6.38 | ...

公司于近日收到控股股东、实际控制人的一致行动人海宁大有、海宁大宏出具的《减持计划期限届满的 告知函》。截至2025年6月19日，本次减持计划实施期限届满。 2025年3月24日至2025年6月11日，海宁大有通过集中竞价交易减持2,000,000股，减持比例0.49%，减持 价格区间13.01元/股至15.20元/股；2025年3月27日至2025年6月5日，海宁大有通过大宗交易交易减持 1,482,900股，减持比例0.36%，减持价格区间11.84元/股至13.71元/股。 2025年3月24日至2025年6月11日，海宁大宏通过集中竞价交易减持2,000,000股，减持比例0.49%，减持 价格区间13.01元/股至15.20元/股；2025年3月27日至2025年6月5日，海宁大宏通过大宗交易交易减持 1,343,000股，减持比例0.33%，减持价格区间11.84元/股至13.71元/股。 综上，海宁大有、海宁大宏合计减持6,825,900股，减持比例1.67%，按照减持价格区间均价计算，合计 套现约9252.09万元。 中国经济网北京6月23日讯火星人（300894）(300894.SZ)近日发布 ...

| 证券代码：300894 | 证券简称：火星人 | 公告编号：2025-039 | | --- | --- | --- | | 债券代码：123154 | 债券简称：火星转债 | | 公司于近日收到控股股东、实际控制人的一致行动人海宁大有、海宁大宏出 具的《减持计划期限届满的告知函》。截至 2025 年 6 月 19 日，本次减持计划实施 期限届满。根据《深圳证券交易所创业板股票上市规则》《上市公司股东减持股 份管理暂行办法》《深圳证券交易所上市公司自律监管指引第 18 号——股东及 董事、高级管理人员减持股份》等相关法律、法规及规范性文件的规定，现将有 关情况公告如下： 一、股东减持情况 1、减持股份来源：公司首次公开发行前已发行的股份。 | 2、股东减持股份情况 | | --- | | 股东名称 | 减持方式 | 减持期间 | | 减持价格区 间（元/ | 减持股数（股） | 减持比例 | | --- | --- | --- | --- | --- | --- | --- | | | | | | 股） | | | | | 集中竞价交易 | 2025-3-24 2025-6-11 | 至 | 13.01- ...

证券代码：300894 证券简称：火星人 公告编号：2025-038 债券代码：123154 债券简称：火星转债 火星人厨具股份有限公司 关于控股股东、实际控制人部分股份质押的公告 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。 火星人厨具股份有限公司（以下简称"公司"或"本公司"）近日接到公司 控股股东、实际控制人黄卫斌先生通知，获悉黄卫斌先生将其所持有本公司的部 分股份进行了质押，具体情况如下： 一、股东股份质押基本情况 2、股东股份累计质押情况 截至本公告披露日，上述股东及其一致行动人所持质押股份情况如下： | | | | | | | | 已质押股份 | | 未质押股份 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 本次质 | 本次质 | 占其 | 占公 | 情况 | | 情况 | | | | 持股数 | 持股 | 押前质 | 押后质 | 所持 | 司总 | 已质押股 | 占已 | 未质押股 | 占未质 | | 股东名称 | 量 | 比例 | ...

Core Viewpoint - The article discusses the launch of the program "全民真探家" which reveals the innovative "净烟" technology in integrated stoves, addressing the health risks associated with cooking fumes and promoting a healthier kitchen environment [1][4]. Group 1: Health Risks of Cooking Fumes - Cooking fumes contain harmful pollutants, including PM2.5, which can lead to respiratory and cardiovascular diseases [1][2]. - Long-term exposure to cooking fumes is linked to significant health risks, including lung diseases and increased cancer risk due to harmful compounds like PAHs and VOCs [1][2]. Group 2: Misconceptions in Smoke Extraction - Consumers often mistakenly believe that higher airflow equates to better smoke extraction, but effective smoke removal should also consider the elimination of invisible harmful particles [2][3]. - The effectiveness of an extractor can be measured by the change in PM2.5 levels before and after cooking, with a standard of less than 75μg/m3 for good air quality [2]. Group 3: Advantages of Integrated Stoves - Integrated stoves, such as those from 火星人, utilize a low suction distance of 15cm, allowing for immediate smoke absorption at the source, preventing smoke from spreading [3]. - The design features a streamlined airflow and a smaller suction area, achieving a wind speed of 13m/s, which significantly reduces the retention time of smoke particles by 76% [3]. - Integrated stoves also provide a quieter cooking experience, with noise levels as low as 49.5 decibels, allowing for comfortable communication in the kitchen [3]. Group 4: Industry Innovation - 火星人集成灶 is leading the innovation in kitchen health solutions as part of a national key research project, aiming to redefine the standards for smoke extraction in Chinese kitchens [4].

信用评级报告声明 除因本次评级事项本评级机构与评级对象构成委托关系外，本评级机构及评级从业人员与评级对象不存 在任何足以影响评级行为独立、客观、公正的关联关系。 本评级机构与评级从业人员已履行尽职调查义务，有充分理由保证所出具的评级报告遵循了真实、客 观、 创业板向不特定对象发行可转换 公司债券 2025 年跟踪评级报告 中鹏信评【2025】跟踪第【144】号 01 公正原则，但不对评级对象及其相关方提供或已正式对外公布信息的合法性、真实性、准确性和完整性 作任何保证。 本评级机构依据内部信用评级标准和工作程序对评级结果作出独立判断，不受任何组织或个人的影响。 本评级报告观点仅为本评级机构对评级对象信用状况的个体意见，不作为购买、出售、持有任何证券的 建议。本评级机构不对任何机构或个人因使用本评级报告及评级结果而导致的任何损失负责。 足等多重不利因素影响下，我国集成灶市场零售额同比大幅下降 30.6%，跌幅进一步扩大，公司 本次评级结果自本评级报告所注明日期起生效，有效期为被评证券的存续期。同时，本评级机构已对受 评对象的跟踪评级事项做出了明确安排，并有权在被评证券存续期间变更信用评级。本评级机构提醒报 告使 ...

2022 年火星人厨具股份有限公司 创业板向不特定对象发行可转换 公司债券 2025 年跟踪评级报告 中鹏信评【2025】跟踪第【144】号 01 信用评级报告声明 除因本次评级事项本评级机构与评级对象构成委托关系外，本评级机构及评级从业人员与评级对象不存 在任何足以影响评级行为独立、客观、公正的关联关系。 本评级机构与评级从业人员已履行尽职调查义务，有充分理由保证所出具的评级报告遵循了真实、客观、 公正原则，但不对评级对象及其相关方提供或已正式对外公布信息的合法性、真实性、准确性和完整性 作任何保证。 本评级机构依据内部信用评级标准和工作程序对评级结果作出独立判断，不受任何组织或个人的影响。 本评级报告观点仅为本评级机构对评级对象信用状况的个体意见，不作为购买、出售、持有任何证券的 建议。本评级机构不对任何机构或个人因使用本评级报告及评级结果而导致的任何损失负责。 本次评级结果自本评级报告所注明日期起生效，有效期为被评证券的存续期。同时，本评级机构已对受 评对象的跟踪评级事项做出了明确安排，并有权在被评证券存续期间变更信用评级。本评级机构提醒报 告使用者应及时登陆本公司网站关注被评证券信用评级的变化情况。 ...

Core Viewpoint - The kitchen and bathroom appliance market is experiencing significant differentiation, with varying performance among companies due to the downturn in the real estate sector and changing consumer preferences [2][3][4]. Group 1: Market Performance - Companies focused on integrated stoves, such as Mars and Zhejiang Meida, have seen substantial declines in performance, with Mars reporting a 35.7% drop in revenue to 1.38 billion yuan in 2024 and a 95.5% decrease in net profit [3][4]. - Zhejiang Meida's revenue in Q1 2025 fell by 63.97% to approximately 98.36 million yuan, with net profit dropping by about 90% [3][4]. - The overall retail sales of integrated stoves in China decreased by 30.6% in 2024, with Q4 experiencing a 35.3% decline [3][4]. Group 2: Challenges Faced - The decline in demand for new home renovations, consumer confidence issues, and intensified competition are the primary challenges for integrated stove companies [4]. - Companies are adjusting strategies, with Mars exploring new growth areas such as dishwashers and enhancing brand strategy [4]. Group 3: Traditional Appliance Companies - Traditional kitchen appliance leaders like Vatti and Boss Electric have maintained relatively stable performance, with Vatti achieving a revenue increase of 2.23% to 6.372 billion yuan in 2024 [5][6]. - Boss Electric reported a slight revenue increase of 0.1% to 11.212 billion yuan, although net profit decreased by 8.97% [6][7]. - Both companies benefited from the "old-for-new" appliance policy, which supported their sales channels [7]. Group 4: Product Strategy and Innovation - Vatti is focusing on high-end product development, launching new products like the "Time Capsule" series and investing in R&D, with expenses reaching approximately 263 million yuan in 2024 [7][8]. - Boss Electric faced challenges in expanding new product categories, with sales of integrated stoves and other products declining [8]. - The market share of Vatti's ultra-thin range hood reached 37.17%, maintaining the top position in the online market [10]. Group 5: Future Outlook - The kitchen and bathroom appliance industry is in a deep adjustment phase, with potential for marginal improvement in the second half of 2025 due to supportive policies and market recovery [9][10]. - The continuation of the "old-for-new" policy is expected to be a significant driver for the kitchen appliance market in 2025, with related product categories showing positive growth [10][11]. - The competitive landscape is likely to shift, with market concentration increasing as leading companies adapt to changing consumer trends and focus on innovation [11].