资料显示，广东德尔玛科技股份有限公司位于广东省佛山市顺德区北滘镇马龙村委会龙汇路4号之一， 成立日期2011年7月12日，上市日期2023年5月18日，公司主营业务涉及德尔玛是一家集自主研发、原创 设计、自有生产、自营销售于一体的创新家电品牌企业。公司旗下品牌包括"德尔玛"、"飞利浦1"、"薇 新"等,主要产品类型包括家居环境类、水健康类、个护健康类以及生活卫浴类。主营业务收入构成为： 家居环境类40.15%，水健康类38.97%，个护健康类20.30%，其他0.58%。 11月19日，德尔玛盘中下跌2.06%，截至10:58，报10.00元/股，成交2525.86万元，换手率0.95%，总市 值46.16亿元。 资金流向方面，主力资金净流出477.09万元，特大单买入0.00元，占比0.00%，卖出259.30万元，占比 10.27%；大单买入156.07万元，占比6.18%，卖出373.87万元，占比14.80%。 德尔玛今年以来股价涨1.31%，近5个交易日跌2.34%，近20日涨2.04%，近60日跌11.43%。 截至9月30日，德尔玛股东户数2.19万，较上期减少1.36%；人均流通股12097股 ...

Market Overview - The small home appliance sector experienced a decline of 1.01% on November 17, with ST Dehao leading the drop [1] - The Shanghai Composite Index closed at 3972.03, down 0.46%, while the Shenzhen Component Index closed at 13202.0, down 0.11% [1] Stock Performance - Notable gainers in the small appliance sector included: - Lek Electric (603355) with a closing price of 29.09, up 2.68% on a trading volume of 57,000 shares and a turnover of 163 million yuan [1] - Supor (002032) closed at 49.81, up 1.14% with a trading volume of 28,400 shares and a turnover of 141 million yuan [1] - Other stocks showed mixed performance, with some experiencing slight declines, such as: - Kewo (603486) closed at 80.50, down 1.01% on a trading volume of 33,800 shares and a turnover of 272 million yuan [1] Capital Flow - The small home appliance sector saw a net outflow of 148 million yuan from institutional investors, while retail investors had a net inflow of 170 million yuan [2] - The capital flow for specific stocks indicated: - Supor (002032) had a net outflow of 43.21 million yuan from institutional investors [3] - Stone Technology (688169) recorded a net inflow of 15.83 million yuan from institutional investors [3]

Core Points - Delmar announced the resignation of its director and deputy general manager, Cai Yanqiang, due to adjustments in the company's governance structure [2] - Cai Yanqiang will continue to hold other positions within the company after his resignation [2] - The company held a staff representative meeting on November 13, 2025, where Cai Yanqiang was elected as a representative director of the second board of directors [2]

Core Points - The Guangdong Delmar Technology Co., Ltd. held its second extraordinary general meeting of shareholders for 2025 on November 13, where two key proposals were approved with over 99% voting approval, although there was significant dissent among minority shareholders, with the highest opposition rate reaching 53.21% [1][3][4] Meeting Details - The meeting was convened by the board of directors and chaired by Chairman Cai Tieqiang, adhering to legal and regulatory requirements for shareholder meetings [2] - A total of 157 shareholders and representatives attended, holding 198,837,478 voting shares, which is 43.2959% of the total voting shares [2] Proposal Voting Results - The proposal to amend the company’s articles of association and change its registered address received 99.4863% approval from total votes, but only 52.9846% approval from minority shareholders, indicating a narrow margin for approval [3] - The proposal to revise certain transaction and governance systems achieved 99.3670% approval overall, but faced significant opposition from minority shareholders, with only 42.0616% in favor [4] Legal Opinion - The legal opinion from Beijing Junhe (Guangzhou) Law Firm confirmed that the meeting's procedures and voting were in compliance with laws and regulations, validating the voting results [5]

二、选举职工代表董事情况 公司于 2025 年 11 月 13 日召开 2025 年第二次临时股东大会，审议通过了《关于 修订〈公司章程〉暨变更公司住所的议案》。根据审议通过后的《公司章程》规定， 董事会提名委员会对职工代表董事候选人任职资格进行审查，认为本次提名的职工代 表董事候选人蔡演强先生具备《公司法》《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》及《公司章程》所规定的上市公司董事任职资格， 具备履行董事职责所必需的工作经验，未受到过中国证监会及其他有关部门的处罚和 证券交易所纪律处分的情形；不存在因涉嫌犯罪被司法机关立案侦查或涉嫌违法违规 被中国证监会立案稽查，尚未有明确结论的情形；不存在被中国证监会在证券期货市 场违法失信信息公开查询平台公示或者被人民法院纳入失信被执行人名单的情形。其 任职资格符合相关法律法规及《公司章程》关于职工代表董事任职的资格和条件。同 意提名蔡演强先生为公司职工代表董事候选人。公司于 2025 年 11 月 13 日召开职工 证券代码：301332 证券简称：德尔玛 公告编号：2025-055 广东德尔玛科技股份有限公司 关于董事、高级管理人员变 ...

广州市天河区珠江新城珠江西路 21 号 粤海金融中心 28 层 邮编：510627 电话：(86-20) 2805-9088 传真：(86-20) 2805-9099 北京市君合（广州）律师事务所 关于广东德尔玛科技股份有限公司 2025 年第二次临时股东大会的法律意见 致：广东德尔玛科技股份有限公司 北京市君合（广州）律师事务所（以下简称"本所"）接受广东德尔玛科技股份有 限公司（以下简称"公司"）的委托，指派本所经办律师出席了公司于 2025 年 11 月 13 日在广东省佛山市顺德区北滘镇龙汇路 4 号德尔玛 2 楼会议室召开的 2025 年第二次 临时股东大会（以下简称"本次股东大会"）的现场会议。现根据《中华人民共和国公 司法》《中华人民共和国证券法》《上市公司股东会规则》等中华人民共和国（以下简 称"中国"，包括中国香港特别行政区、中国澳门特别行政区及中国台湾地区，仅为本 法律意见之目的，特指中国大陆地区）现行法律、法规和规范性文件（以下简称"法律、 法规"）以及《广东德尔玛科技股份有限公司章程》（以下简称"公司章程"）、《广 东德尔玛科技股份有限公司股东大会议事规则》（以下简称"公司股东大会议事 ...

2、本次股东大会未涉及变更以往股东大会已通过决议的情况。 一、会议召开情况 1、现场会议召开时间：2025 年 11 月 13 日 14:30。 2、网络投票时间：2025 年 11 月 13 日。 证券代码：301332 证券简称：德尔玛 公告编号：2025-054 广东德尔玛科技股份有限公司 2025 年第二次临时股东大会决议公告 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。 特别提示： 1、本次股东大会未出现否决议案的情形。 通过深圳证券交易所交易系统进行网络投票的时间为 2025 年 11 月 13 日上午 9:15—9:25，9:30—11:30 和下午 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 11 月 13 日上 午 9:15 至下午 15:00 的任意时间。 3、会议的召开方式：现场表决与网络投票相结合的方式召开。 4、会议地点：广东省佛山市顺德区北滘镇龙汇路 4 号德尔玛 2 楼会议室。 5、会议召集人：广东德尔玛科技股份有限公司（以下简称"公司"）董事会 6、主持人：蔡铁强 7、本次股东大会 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [7] Core Views - The company reported a slight decline in performance due to intense industry competition, with a year-on-year revenue drop of 0.63% to 2.384 billion yuan for the first three quarters of 2025. The net profit attributable to shareholders decreased by 14.66% to 89 million yuan, while the net profit excluding non-recurring items fell by 16.36% to 80 million yuan [2][4][10] - In Q3 2025, the company achieved a revenue of 699 million yuan, down 10.26% year-on-year, and a net profit of 20 million yuan, down 44.34% year-on-year, indicating increased operational pressure in this quarter [2][4][10] - The company is actively responding to market challenges through product innovation and iteration, establishing three major R&D centers focused on cleaning, water health, and personal care products [10] - The gross margin remained stable at 31.81% for the first three quarters of 2025, with a slight increase to 32.01% in Q3 2025. However, the operating profit for the first three quarters decreased by 5.26% to 58 million yuan, with an operating profit margin of 2.42% [10] - The company aims to build a brand matrix targeting different market segments and consumer needs, with projected net profits of 154 million, 179 million, and 206 million yuan for 2025, 2026, and 2027 respectively, corresponding to PE ratios of 29.58, 25.45, and 22.12 [10] Summary by Sections Financial Performance - For the first three quarters of 2025, the company reported total revenue of 2.384 billion yuan, a decrease of 0.63% year-on-year. The net profit attributable to shareholders was 89 million yuan, down 14.66%, and the net profit excluding non-recurring items was 80 million yuan, down 16.36% [2][4] - In Q3 2025, revenue was 699 million yuan, a decline of 10.26% year-on-year, and net profit was 20 million yuan, a decrease of 44.34% [2][4] Market and Competitive Landscape - The small home appliance industry is facing a slowdown in market growth and intensified competition, with overall retail sales in the appliance sector declining by 19.2% year-on-year in September 2025 [10] - The company is enhancing its R&D capabilities to foster product innovation, with a focus on cleaning and health-related products [10] Cost and Profitability - The gross margin for the first three quarters of 2025 was 31.81%, remaining stable compared to the previous year. The operating profit margin was 2.42%, reflecting a decline [10] - The company has increased its investment in marketing and R&D, leading to a rise in expense ratios [10]

Core Insights - As of November 6, a total of 111 stocks in the Shanghai and Shenzhen markets have experienced net buying from major funds for five consecutive days or more [1] - The stock with the longest consecutive net buying days is ST Zhongdi, which has seen net buying for 16 trading days [1] - Other notable stocks with significant net buying days include CITIC Metal, Haitian Flavoring, Guorui Technology, Derma, Xiamen Airport, China Enterprise, Bailong Oriental, and Hangcha Group [1]

Core Insights - The Shanghai Municipal Market Supervision Administration conducted a quality inspection of humidifiers, revealing that out of 35 batches tested, 7 were found to be non-compliant [2][5]. Summary by Categories Inspection Results - A total of 35 batches of humidifiers were inspected, with 7 batches failing to meet quality standards [2]. - Among the inspected products, 15 batches were sold through physical stores, with 1 batch failing, while 20 batches were sold online, with 6 batches failing [2]. - The inspection covered products from Shanghai, Anhui, and Zhejiang provinces, with 4 batches from Shanghai showing no non-compliance [2]. Non-compliance Analysis - The non-compliance issues primarily involved labeling and instructions, which are critical for consumer safety [5]. - Specific failures included the absence of necessary information such as rated voltage, power symbols, and manufacturer details, which could mislead consumers [5]. Consumer Guidance - Humidifiers are categorized into ultrasonic, cool evaporative (non-fog), and electric heating types, each with distinct advantages and suitability for different environments [6]. - Consumers are advised to prioritize well-known brands for better quality assurance and after-sales service [6]. - Key performance parameters to consider include humidification capacity (measured in mL/h), water tank capacity, noise levels, and safety features [7][8]. Additional Features and Considerations - Some humidifiers offer extra features like ion purification, aromatherapy, humidity display, and timer functions, which can enhance user experience [8]. - The price of humidifiers varies based on brand, type, and features, and consumers should balance cost with quality and performance [9].