Core Viewpoint - Ousheng Electric experienced a slight decline in stock price and notable changes in financing activities, indicating a high level of financing balance relative to its market value, while the company continues to show growth in revenue and profit year-on-year [1][2]. Financing Activities - On October 13, Ousheng Electric's stock price fell by 0.30%, with a trading volume of 82.44 million yuan. The financing buy-in amount was 7.83 million yuan, while the financing repayment was 9.81 million yuan, resulting in a net financing outflow of 1.97 million yuan [1]. - As of October 13, the total financing and securities lending balance for Ousheng Electric was 127 million yuan, which accounts for 7.22% of its circulating market value, indicating a high level compared to the past year [1]. - The company had no securities lending activity on October 13, with a balance of 0 shares and 0 yuan, also reflecting a high level compared to the past year [1]. Company Performance - As of September 10, Ousheng Electric had 12,800 shareholders, a decrease of 9.49% from the previous period, with an average of 5,167 circulating shares per person, an increase of 10.48% [2]. - For the first half of 2025, Ousheng Electric reported a revenue of 878 million yuan, representing a year-on-year growth of 18.89%, and a net profit attributable to shareholders of 115 million yuan, also showing an 18.52% increase year-on-year [2]. Dividend Distribution - Since its A-share listing, Ousheng Electric has distributed a total of 581 million yuan in dividends, with 489 million yuan distributed over the past three years [3]. Institutional Holdings - As of June 30, 2025, among the top ten circulating shareholders of Ousheng Electric, Southern New Preferred Flexible Allocation Mixed A (000527) ranked as the fourth largest shareholder with 661,300 shares, an increase of 111,900 shares from the previous period [3]. - Changxin Domestic Demand Balanced Mixed A (012493) entered the top ten shareholders as the fifth largest with 591,300 shares, while other funds like Jiashi Theme New Power Mixed (070021) saw a decrease in holdings [3].

Investment Rating - The report maintains an "Outperform" rating for the industry [7] Core Insights - The report highlights a significant increase in holiday travel and consumption, with an average of 3.04 billion people traveling daily from October 1 to 8, a year-on-year increase of 6.3% [3][11] - Domestic consumption is showing steady improvement, with average daily sales in related sectors increasing by 4.5% during the holiday period, driven by strong performance in digital products, jewelry, and cultural services [3][15] - The offline performance of the entertainment sector is robust, with a 39.5% year-on-year increase in audience numbers for live performances during the holiday [3][20] Summary by Sections Holiday Consumption Trends - The report notes a rise in domestic travel, with 8.88 billion domestic trips taken during the holiday, an increase of 1.23 billion trips compared to the previous year [11][12] - The average spending per person decreased by 13% despite the increase in total expenditure, which reached 809 billion yuan [11][12] Retail and E-commerce Performance - Key retail and catering enterprises saw a 2.7% year-on-year increase in sales during the holiday [19] - E-commerce platforms experienced a surge in sales of green organic foods (up 27.9%), smart home products (up 14.3%), and domestic fashion brands (up 14.1%) [19][20] Investment Recommendations - The report suggests focusing on several sectors for potential investment, including: 1. Major appliances benefiting from trade-in programs, recommending companies like Midea Group, Haier Smart Home, and Gree Electric [4][23] 2. The pet industry, which is expected to remain resilient, with recommendations for companies like Guai Bao Pet and Zhongchong Co [4][23] 3. Small appliances and branded apparel, which may see a rebound in demand, with recommendations for companies like Bear Electric and Anta Sports [4][23] 4. Electric two-wheelers, with a strong outlook for domestic sales improvement, recommending companies like Ninebot and Yadea [4][23] Global Market Opportunities - The report emphasizes the long-term theme of international expansion, recommending companies like Ecovacs and Roborock in the cleaning appliance sector, and Midea and Haier in the major appliance sector [5][24] - It also highlights the potential for motorcycle brands to increase their market share overseas, suggesting companies like Chunfeng Power and Longxin General [5][24] Market Data - The home appliance sector saw a slight decline of 0.4% this week, with specific segments showing varied performance: white goods up 0.8%, black goods down 0.3%, and kitchen appliances down 1.0% [25]

Core Viewpoint - The small home appliance sector experienced a slight decline of 0.11% on October 10, with Stone Technology leading the drop. The Shanghai Composite Index closed at 3897.03, down 0.94%, while the Shenzhen Component Index closed at 13355.42, down 2.7% [1]. Small Home Appliance Sector Performance - The small home appliance sector saw mixed performance among individual stocks, with notable gainers including: - Biyi Co., Ltd. (603215) closed at 24.15, up 4.32% with a trading volume of 199,300 shares and a transaction value of 474 million yuan [1]. - Jizhi Technology (920926) closed at 19.52, up 3.44% with a trading volume of 32,100 shares and a transaction value of 63.17 million yuan [1]. - Beiyikang (6610Z6) closed at 35.54, up 2.19% with a trading volume of 13,200 shares and a transaction value of 46.74 million yuan [1]. - Conversely, Stone Technology (688169) led the decline, closing at 197.79, down 2.47% with a trading volume of 43,700 shares and a transaction value of 88.1 million yuan [3]. Capital Flow Analysis - The small home appliance sector experienced a net outflow of 146 million yuan from institutional investors, while retail investors saw a net inflow of 13.22 million yuan [3]. - Specific stock capital flows included: - Biyi Co., Ltd. had a net inflow of 20.41 million yuan from institutional investors, but a net outflow of 27.13 million yuan from retail investors [4]. - Dechang Co., Ltd. (605555) saw a net inflow of 7.70 million yuan from institutional investors, but a net outflow of 7.58 million yuan from retail investors [4]. - New Treasure Co., Ltd. (002705) had a net inflow of 2.34 million yuan from institutional investors, with a net outflow of 3.53 million yuan from retail investors [4].

Core Insights - On October 9, Ousheng Electric experienced a decline of 2.78% with a trading volume of 111 million yuan, indicating a significant market reaction [1] - The company reported a financing buy-in of 12.04 million yuan and a net financing buy of 3.83 million yuan on the same day, reflecting strong investor interest despite the stock price drop [1] - As of October 9, the total margin balance for Ousheng Electric reached 130 million yuan, accounting for 7.37% of its market capitalization, which is above the 90th percentile of the past year [1] Financial Performance - For the first half of 2025, Ousheng Electric achieved a revenue of 878 million yuan, representing a year-on-year growth of 18.89%, while the net profit attributable to shareholders was 115 million yuan, up 18.52% [2] - The company has distributed a total of 581 million yuan in dividends since its A-share listing, with 489 million yuan distributed over the past three years [3] Shareholder Structure - As of September 10, the number of shareholders for Ousheng Electric decreased by 9.49% to 12,800, while the average number of circulating shares per person increased by 10.48% to 5,167 shares [2] - Notable changes in institutional holdings include Southern New Preferred Flexible Allocation Mixed Fund becoming the fourth largest shareholder with an increase of 111,900 shares, while several funds exited the top ten list [3]

Core Viewpoint - The company announced its profit distribution plan for the year 2024, which includes cash dividends and capital reserve transfers to shareholders [2] Group 1: Profit Distribution Plan - The company will distribute a cash dividend of RMB 2.50 per 10 shares (including tax), totaling RMB 45,203,665.25, based on a total share capital of 182,607,661 shares, after deducting 1,793,000 shares held in the repurchase account [2] - Additionally, the company will increase its share capital by transferring 4 shares for every 10 shares held, resulting in a total increase of 72,325,864 shares, bringing the total share capital to 254,933,525 shares [2] Group 2: Corporate Governance Changes - The company held meetings to review and approve amendments to its articles of association and governance rules, which were completed with the registration of changes to its registered capital and the filing of the amended articles with the local market supervision authority [2]

证券代码： 301187 证券简称： 欧圣电气 公告编号： 2025-062 苏州欧圣电气股份有限公司 2025年员工持股计划第一次持有人会议决议公告 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、持有人会议召开情况 苏州欧圣电气股份有限公司（以下简称"公司"）2025 年员工持股计划第 一次持有人会议于 2025 年 9 月 29 日以现场结合通讯的方式举行。本次会议由公 司董事会秘书罗刚先生召集和主持，出席本次会议的持有人共 63 人，代表 2025 年员工持股计划首次授予份额 1979.9 万份，占公司 2025 年员工持股计划总份额 的 80.68%。会议的召集、召开和表决程序符合公司 2025 年员工持股计划的有关 规定。 二、持有人会议审议情况 经与会持有人认真审议，通过了如下决议： 1、审议通过《关于设立苏州欧圣电气股份有限公司 2025 年员工持股计划管 理委员会的议案》 为了提升公司 2025 年员工持股计划（以下简称"本员工持股计划"）日常管 理的效率，根据《苏州欧圣电气股份有限公司 2025 年员工持股计划（草案）修 订稿》和《苏州 ...

证券代码： 301187 证券简称： 欧圣电气 公告编号： 2025-063 法定代表人：WEIDONG LU 关于完成工商变更登记并换发营业执照的公告 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。 苏州欧圣电气股份有限公司（以下简称"公司"）于 2025 年 4 月 16 日召开 第三届董事会第十六次会议、第三届监事会第十五次会议及 2025 年 5 月 9 日召 开2024年年度股东大会，审议通过了《关于公司2024年度利润分配预案的议案》， 并于 2025 年 5 月 19 日披露了《2024 年年度权益分派实施公告》，以董事会决 议日公司总股本182,607,661股，扣减公司回购专用证券账户股份1,793,000股后， 以 180,814,661 股为基数，向全体股东每 10 股派发现金股利人民币 2.50 元（含 税），合计派发现金 45,203,665.25 元，同时以资本公积金向全体股东每 10 股转 增 4 股，合计转增 72,325,864 股，转增后公司总股本增加至 254,933,525 股。具 体内容详见公司刊登在巨潮资讯网（www ...

Market Overview - The small home appliance sector experienced a decline of 0.42% on September 29, with Xinbao Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 3862.53, up 0.9%, while the Shenzhen Component Index closed at 13479.43, up 2.05% [1] Stock Performance - Notable gainers in the small home appliance sector included: - Biyi Co., Ltd. (603215) with a closing price of 22.38, up 3.90% and a trading volume of 185,400 shares, totaling 422 million yuan [1] - ST Dehao (002005) closed at 2.40, up 3.45% with a trading volume of 168,000 shares, totaling 40.13 million yuan [1] - Major decliners included: - Xinbao Co., Ltd. (002705) with a closing price of 15.69, down 1.81% and a trading volume of 85,200 shares, totaling 133 million yuan [2] - Supor (002032) closed at 47.79, down 1.40% with a trading volume of 19,900 shares, totaling 95.41 million yuan [2] Capital Flow - The small home appliance sector saw a net outflow of 19.45 million yuan from institutional investors, while retail investors experienced a net outflow of 8.96 million yuan [2] - Conversely, speculative funds recorded a net inflow of 28.41 million yuan [2] Individual Stock Capital Flow - Biyi Co., Ltd. (603215) had a net outflow of 29.01 million yuan from institutional investors, with a net inflow of 10.83 million yuan from speculative funds [3] - Covos (603486) saw a net inflow of 17.62 million yuan from institutional investors, while retail investors had a net outflow of 15.22 million yuan [3] - Other notable stocks included: - ST Dehao (002005) with a net inflow of 3.48 million yuan from institutional investors [3] - Kaineng Health (300272) with a net inflow of 3.47 million yuan from institutional investors [3]

证券代码：301187 证券简称：欧圣电气 公告编号：2025-059 苏州欧圣电气股份有限公司 第三届董事会第二十一次会议决议公告 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、董事会会议召开情况 特此公告。 （一）审议通过《关于调整2025年员工持股计划参与对象名单及股份数量的 议案》 公司董事会审议通过了《关于调整 2025 年员工持股计划参与对象名单及股 份数量的议案》。本次对员工持股计划参与对象名单及股份数量的调整事项已事 先经过第三届董事会薪酬与考核委员会第六次会议审议通过。 具体内容详见公司于同日刊登在巨潮资讯网（www.cninfo.com.cn）的相关公 告。 表决结果：7 票同意，0 票反对，0 票弃权。 三、备查文件 1.第三届董事会第二十一次会议决议； 2.深交所要求的其他文件。 苏州欧圣电气股份有限公司（以下简称"公司"）于 2025 年 9 月 23 日以通 讯和电子邮件方式向全体董事发出会议通知及会议材料。以现场结合通讯的方式 于 2025 年 9 月 26 日在公司会议室召开第三届董事会第二十一次会议并作出决议。 本次董事 ...

证券代码： 301187 证券简称： 欧圣电气 公告编号： 2025-061 苏州欧圣电气股份有限公司 关于全资子公司募集资金专项账户部分资金 公司全资子公司南通欧圣于近日收到南京海事法院（以下简称"法院"）送 达的《南京海事法院民事裁定书》（（2025）苏 72 民初 1504 号之二）等相关法 律文书，获悉德州力虎地基基础工程有限公司（以下简称"德州力虎"或"原告 方"）与上海瑞翼宇灏市政建筑工程有限公司等工程承包合同纠纷一案因原告方 撤诉，同时申请解除对被告方采取的保全措施，法院裁定解除对南通欧圣的募集 资金专项账户部分资金的冻结措施。经公司查询相应银行账户信息发现，被冻结 的银行账户及资金已解除冻结，恢复正常使用状态。 本次募集资金专项账户部分资金被冻结期间，未影响公司募集资金投资项目 的开展，未对公司及子公司的正常运行、经营管理造成实质性影响，亦没有对募 集资金投资项目产生重大不利影响。 特此公告。 苏州欧圣电气股份有限公司 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。 苏州欧圣电气股份有限公司（以下简称"公司"）全资子公司欧圣（南通） 电气科技有 ...