证券代码： 301187 证券简称： 欧圣电气 公告编号： 2025-040 苏州欧圣电气股份有限公司 第三届监事会第十七次会议决议公告 本公司及监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。 表决结果：3 票同意，0 票反对，0 票弃权。 三、备查文件 1. 第三届监事会第十七次会议决议。 特此公告。 一、监事会会议召开情况 苏州欧圣电气股份有限公司（以下简称"公司"）于2025年5月23日以通讯和 电子邮件方式向全体监事发出会议通知及会议材料，以现场结合通讯表决的方式 于2025年5月27日在公司会议室召开第三届监事会第十七次会议。本次监事会会 议应出席监事3人，实际出席3人（何顺莲女士以通讯表决方式参加）。会议由公 司监事会主席何顺莲女士主持。公司部分高级管理人员列席了本次会议。本次会 议符合《中华人民共和国公司法》等相关法律法规以及《公司章程》等制度的规 定。 二、监事会会议审议情况 （一）审议通过《关于调整公司2025年员工持股计划购买价格的议案》 监事会审议通过了《关于调整公司 2025 年员工持股计划购买价格的议案》， 同意根据相关规定对公司 2025 ...

Investment Rating - The report suggests a positive outlook for the home appliance industry, indicating strong growth potential in both domestic and emerging markets [4][54]. Core Insights - In April, home appliance exports showed a mixed performance, with a slight increase in quantity (+1.5%) but a decrease in value (-1.7%). Notably, air conditioner exports rose significantly by 14.5% [11][13]. - Emerging markets, particularly Southeast Asia and Africa, demonstrated robust growth in appliance exports, with increases of 70% and 43% respectively [13][16]. - The domestic air conditioner production is expected to increase by 35% in June 2025, driven by improved consumer confidence and government policies [21][23]. Summary by Sections 1. Export Performance - In April, air conditioner exports reached 10.68 million units, a year-on-year increase of 14.5%, while refrigerator exports slightly declined by 0.7% [11][12]. - Southeast Asia and Africa led the growth in appliance exports, with significant increases in export values [13][14]. 2. Production Insights - Air conditioner production in June 2025 is projected at 20.75 million units, a 17% increase year-on-year, with domestic production up by 35.4% [21][23]. - Factors contributing to this growth include enhanced retail market dynamics and government incentives [23]. 3. Market Trends - The home appliance retail sector has maintained high growth, supported by domestic demand and favorable government policies [4][54]. - The report emphasizes the importance of focusing on domestic demand and subsidy-driven growth opportunities in the white goods sector [4][54]. 4. Investment Recommendations - The report recommends focusing on three main lines: domestic demand and subsidies, structural upgrades in the black goods sector, and opportunities in small appliances [4][54].

Investment Rating - The report suggests a positive outlook for the home appliance industry, particularly focusing on domestic demand and emerging market exports [4][54]. Core Insights - In April, home appliance exports showed a mixed performance with a slight increase in quantity (+1.5%) but a decrease in value (-1.7%). Air conditioner exports rose significantly by 14.5% [11][13]. - The report highlights strong growth in emerging markets, particularly Southeast Asia and Africa, with export values increasing by 70% and 43% respectively [13][16]. - The air conditioning production for June is projected to increase by 35%, driven by domestic demand and favorable market conditions [21][23]. Summary by Sections 1. April Home Appliance Export Performance - Home appliance exports in April showed a quantity increase of 1.5% but a value decrease of 1.7%. Air conditioners, refrigerators, washing machines, and LCD TVs had varied performances with air conditioners and washing machines showing notable growth [11][12][14]. 2. Regional Export Trends - Southeast Asia and Africa led the growth in exports, while North America and Europe experienced significant declines. For instance, air conditioner exports to South America and the Middle East grew by 37% and 31% respectively [16][18]. 3. Production Insights - The report indicates that air conditioning production in June is expected to reach 20.75 million units, a 17% increase year-on-year, with domestic production rising by 35.4% [21][23]. 4. Market and Sector Tracking - The report tracks market performance, noting a slight decline in the Shanghai Composite Index but a 0.4% increase in the home appliance sector index. Key stocks showed varied performance, with notable gains in companies like Stone Technology and Aishida [24][27]. 5. Investment Recommendations - The report recommends focusing on domestic demand and subsidy-driven growth in the white goods sector, as well as opportunities in the black goods sector and small appliances [4][54].

Investment Rating - The report maintains a "Positive" outlook for the home appliance industry [6] Core Viewpoints - The first quarter results for home appliances generally exceeded expectations, with domestic sales expected to benefit from policy support. There is a notable performance differentiation in high-end positioning and cost-effectiveness. The air conditioning peak season is anticipated to benefit from higher temperatures and lower inventory levels, making the demand for home appliances in the second quarter promising [4][9] - In April, the export of white goods showed steady growth, indicating potential in emerging markets. The disruptions in exports to the U.S. are also expected to ease [4][9] Summary by Sections Investment Recommendations and Targets - The report suggests focusing on quality white goods leaders that benefit from ongoing domestic policies and proactive overseas expansion, such as Midea Group (000333, not rated), Haier Smart Home (600690, Buy), and Hisense Home Appliances (000921, not rated) [4] - It recommends companies that are reshaping their market share in mature overseas markets and have short-term global supply chain advantages, such as Hisense Visual (600060, Overweight) and Ousheng Electric (301187, Buy) [4] - The report also highlights small appliance companies that are expected to benefit from national subsidy policies in the short term and enjoy demand dividends from emerging appliance categories in the medium to long term, recommending Stone Technology (688169, Buy) and Bear Electric (002959, Overweight) [4] Market Trends - Since May, many regions have experienced average maximum temperatures higher than in previous years, positively impacting air conditioning sales. The demand for air conditioning is closely related to temperature, with a significant increase in sales expected during the peak season from April to July [9] - In April, air conditioning exports reached 7.51 million units, a year-on-year increase of 12.1%, while washing machine exports grew by 10.9%. The export of refrigerators saw a slight decline [9][20] - The report indicates that the risk of a price war in the air conditioning market is manageable, with efficiency improvements and high-end upgrades occurring simultaneously. The average prices for air conditioners in April were 2,609 yuan online and 4,418 yuan offline, showing a slight decrease and increase respectively [9]

苏州欧圣电气股份有限公司 2024年年度权益分派实施公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整， 没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1、苏州欧圣电气股份有限公司（以下简称"公司"）回购专用证券账户中的 1,793,000 股公司股份不参与本次权益分派。 证券代码： 301187 证券简称： 欧圣电气 公告编号： 2025-038 2、本次权益分派后，按公司总股本 182,607,661 股（含回购股份）折算的每 10 股现金分红金额、转增股数公式计算如下：按公司总股本折算的每 10 股现金 分 红 金 额 = （ 本 次 实 际 现 金 分 红 总 额 / 公 司 总 股 本 ） *10= （45,203,665.25/182,607,661）*10=2.475452 元（保留六位小数，最后一位直接截 取，不四舍五入，下同）；按公司总股本折算的每 10 股转增股数=转增股份总额 /总股本*10=72,325,864/182,607,661*10=3.960724 股。 3、本次权益分派实施后的除权除息参考价格=（除权除息前一交易日收盘价 -按公司总股本折算每股现金分红金额 ...

Summary of the Conference Call for 欧圣电气 Company Overview - 欧圣电气 is a leading player in the North American market for small air compressors, holding approximately 20% market share. The company also has a market share of about 8%-10% in the wet and dry vacuum cleaner segment. The company is actively expanding into Europe, Central and South America, with non-North American sales accounting for about 10% as of the end of 2024 [2][6]. Key Points and Arguments - **Market Expansion**: The company is making significant strides in global markets, with a focus on Europe and Central and South America. Sales in the European market are projected to reach €15 million in 2024, indicating rapid growth [2][17]. - **Production Strategy**: To mitigate the impact of US-China tariff disputes, the company has accelerated the construction of its factory in Malaysia, which began large-scale production in May 2025. This factory primarily supplies US orders, reducing reliance on Chinese production [2][7][8]. - **Cost Advantages**: The Malaysian factory benefits from favorable tax incentives, including a 15-year exemption from corporate income tax and permanent land ownership, which significantly lowers operational costs [2][9]. - **Financial Performance**: In Q1 2025, the company reported a 61% year-over-year revenue increase, with profits growing by 43% and non-GAAP profits increasing by 48%, indicating sustained high growth [2][10][11]. - **Customer Base**: Major clients include well-known home improvement retailers such as Lowe's, The Home Depot, Costco, and Walmart, which order directly from the company [4][5]. - **Product Diversification**: The company produces cleaning equipment and air power equipment, with recent expansions into garden tools and the acquisition of a German company to enhance its industrial vacuum cleaner offerings [3][4]. Additional Important Insights - **Impact of Tariffs**: The company has faced challenges due to tariffs imposed since 2018, but it has adapted by increasing production in Malaysia and diversifying its market presence to reduce dependency on any single region [8][21]. - **Production Capacity**: The Malaysian factory is expected to reach full capacity soon, allowing the company to alleviate production pressure from its Suzhou factory, which has been operating at full capacity [17][19]. - **Future Market Development**: The US market remains the core revenue source, but the company plans to continue expanding its presence in new markets without rushing due to competitive pressures [20][30]. - **Technological Advancements**: The company is developing new features for its smart care robots, targeting the aging population and aiming for significant sales growth in 2025, with expectations to sell 1,000 units [27][28]. Conclusion - 欧圣电气 is well-positioned to navigate the challenges posed by global trade dynamics and tariffs, leveraging its strategic production locations and strong customer relationships to maintain growth and profitability in the coming years [30].

Investment Rating - The report maintains a "Positive" outlook on the home appliance industry for 2024 and Q1 2025, driven by the old-for-new policy and the long-term trend of overseas expansion [1]. Core Insights - The home appliance industry continues to show revenue growth, with a year-on-year increase of 14.79% in Q1 2025, reaching a total revenue of 456.1 billion yuan [3][24]. - The white goods sector experienced significant revenue growth, with Q1 2025 revenue increasing by 16.16% year-on-year, totaling 289.42 billion yuan [3][47]. - The kitchen appliance sector saw a decline in both revenue and profit in Q1 2025, with revenue dropping to 6.99 billion yuan, a decrease of 36.2% year-on-year [3][43]. - The small appliance sector reported a revenue increase of 24.02% year-on-year in Q1 2025, totaling 35.26 billion yuan, despite a decline in profit [3][43]. - The black goods sector showed a modest revenue increase of 3.61% year-on-year in Q1 2025, with profits soaring by 150.83% [3][43]. - The components sector experienced robust growth, with revenue increasing by 35.02% year-on-year in Q1 2025, reaching 34.75 billion yuan [3][43]. Summary by Sections 1. Industry Performance Overview - The home appliance sector's revenue and profit growth outpaced other industries, with a net profit increase of 29.48% in Q1 2025 [3][28]. 2. Subsector Performance - **White Goods**: Revenue increased to 289.42 billion yuan in Q1 2025, with a profit growth of 28.87% [3][49]. - **Kitchen Appliances**: Revenue decreased to 6.99 billion yuan in Q1 2025, with a profit decline of 32.99% [3][43]. - **Small Appliances**: Revenue rose to 35.26 billion yuan in Q1 2025, with a profit increase of 11.41% [3][43]. - **Black Goods**: Revenue reached 89.67 billion yuan in Q1 2025, with a significant profit increase of 150.83% [3][43]. - **Components**: Revenue grew to 34.75 billion yuan in Q1 2025, with a profit increase of 22.73% [3][43]. 3. Investment Highlights - Three main investment themes are identified: 1. **Domestic Sales**: The reversal of real estate policies and the old-for-new policy are expected to boost demand for white goods [5]. 2. **Exports**: Companies like Ousheng Electric and Dechang Co. are recommended due to their stable profitability and expanding overseas orders [5]. 3. **Core Components**: Companies such as Huaxiang Co. and Shun'an Environment are highlighted for their competitive advantages in the components sector [5].

一、保荐工作概述 | 项目 | 工作内容 | | --- | --- | | 1、公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 0次 | | 2、督导公司建立健全并有效执行规章制度的情况 | | | （1）是否督导公司建立健全规章制度（包括但不限于 | | | 防止关联方占用公司资源的制度、募集资金管理制度、 | 是 | | 内控制度、内部审计制度、关联交易制度） | | | （2）公司是否有效执行相关规章制度 | 是 | | 3、募集资金监督情况 | | | （1）查询公司募集资金专户次数 | 12次 | | （2）公司募集资金项目进展是否与信息披露文件一致 | 是 | | 4、公司治理督导情况 | | | （1）列席公司股东大会次数 | 3次 | | （2）列席公司董事会次数 | 6次 | | （3）列席公司监事会次数 | 6次 | | 5、现场检查情况 | | | （1）现场检查次数 | 1次 | | （2）现场检查报告是否按照交易所规定报送 | 是 | | （3）现场检查发现的主要问题及整改情况 | 不适用 | | 6 ...

致：苏州欧圣电气股份有限公司 国浩律师（上海）事务所（以下简称"本所"）担任苏州欧圣电气股份有限公 司（以下称"公司"）之特聘法律顾问，根据《中华人民共和国公司法》（以下简 称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、《深 圳证券交易所创业板股票上市规则》、《上市公司股东会规则》（以下简称"《股 东会规则》"）、《深圳证券交易所上市公司股东会网络投票实施细则》（以下简 称"《网络投票实施细则》"）等法律、法规及《苏州欧圣电气股份有限公司章程》 国浩律师（上海）事务所 法律意见书 国浩律师（上海）事务所 关于苏州欧圣电气股份有限公司 2024 年年度股东大会的 法律意见书 （以下称"《公司章程》"）等有关规定，指派金诗晟律师、何佳欢律师出席并见 证公司 2024 年年度股东大会（以下简称"本次股东大会"），对本次股东大会的 召集、召开程序、出席人员资格、会议表决程序等事宜进行了审查。 本所依据本法律意见书出具日之前已经发生或存在的事实及中国现行法律、 法规及规范性文件发表法律意见。 本所同意将本法律意见书作为公司本次股东大会公告的法定文件，随公司其 他公告文件一并公告。 本所律师已经 ...

证券代码： 301187 证券简称： 欧圣电气 公告编号： 2025-037 苏州欧圣电气股份有限公司 2024年年度股东大会决议公告 1、本次股东大会未出现否决议案的情形； 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1、会议召开的日期、时间： 网络投票时间：通过深圳证券交易所（以下简称"深交所"）交易系统进行 网络投票的具体时间为：2025年5月9日的交易时间，即9:15-9:25，9:30-11:30 和13:00-15:00；通过深圳证券交易所互联网投票系统投票的具体时间为：2025 年5月9日9:15-15:00。 2、会议地点：江苏省苏州市吴江区来秀路888号公司会议室。 现场会议时间：2025年5月9日（星期五）下午14:30。 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。 特别提示： 3、会议召开的方式：本次股东大会采取现场投票和网络投票相结合的表决 方式。 4、股东大会的召集人：苏州欧圣电气股份有限公司董事会。 5、会议主持人：本次会议由公司独立董事俞子辰先生主持。 6、会议召开的合法、 ...