Core Viewpoint - The company is undergoing a business adjustment by dissolving its Suzhou team to enhance resource allocation efficiency and focus on core R&D capabilities, responding to changes in the macroeconomic environment and business development needs [1] Group 1: Company Adjustments - The dissolution of the Suzhou team affects nearly 100 employees and is primarily due to continuous losses in the cleaning appliance segment, which includes vacuum cleaners and floor washers [1] - The company aims to improve operational efficiency and concentrate on core business areas to support long-term strategic development [1][3] Group 2: Financial Performance - In Q3 2025, the company reported a net profit of 20.04 million yuan, a decrease of 44.34% year-on-year, with main revenue of 699 million yuan, down 10.26% year-on-year [2] - For the first three quarters of 2025, the main revenue totaled 2.384 billion yuan, a slight decline of 0.63%, and the net profit attributable to shareholders was 88.72 million yuan, down 14.66% year-on-year [2] Group 3: Product Segments - The company's main product categories include water health, home environment, and personal health, with revenues of 657 million yuan, 677 million yuan, and 342 million yuan respectively, accounting for 38.97%, 40.15%, and 20.30% of total revenue [2] - The gross profit margins for these categories are 39.61%, 21.98%, and 36.50%, indicating that the home environment products have a significantly lower margin compared to other segments [2] Group 4: Market Trends - The robot vacuum market is highly competitive, with the top five brands holding nearly 90% of the market share as of mid-2025, with total online sales reaching 2.3193 million units, a year-on-year increase of 45.98% [3] - The company recently launched its first series of robot vacuum products in Russia, introducing five models ranging from entry-level to high-end, along with 17 other cleaning products [3] Group 5: Strategic Goals - The company aims to enhance operational quality and will conduct structural optimization and dynamic assessments of underperforming business segments to consolidate competitive advantages [3] - The water health business has shown double-digit growth in the first three quarters, driven by strong performance in countertop water purifiers and filter products, with a focus on maintaining market leadership and expanding overseas [4]

Core Insights - Derma, a small appliance brand known for OEM partnerships with Xiaomi and Philips, is undergoing significant adjustments due to changes in the business environment and operational needs [1] Company Adjustments - Derma has disbanded its Suzhou team, affecting nearly 100 employees, as part of a strategic realignment to support long-term development [1] - The official statement from the company confirms that the adjustments are aimed at better aligning with the company's long-term strategic goals [1] Financial Performance - Derma's latest financial report indicates a substantial decline in performance, with a net profit of 20.04 million yuan for Q3 2025, representing a year-on-year decrease of 44.34% [1] - The main revenue for the same quarter was 699 million yuan, down 10.26% year-on-year [1] - For the first three quarters of 2025, the main revenue totaled 2.384 billion yuan, a slight decline of 0.63% year-on-year, while the net profit attributable to the parent company was 88.72 million yuan, down 14.66% year-on-year [1]

Core Viewpoint - The small appliance brand Derma, known for manufacturing for Xiaomi and Philips, is undergoing significant adjustments due to declining performance and has disbanded its Suzhou team, affecting nearly 100 employees [1][2]. Financial Performance - In Q3 2025, Derma reported a net profit of 20.04 million yuan, a year-on-year decline of 44.34% [2]. - The main revenue for the same quarter was 699 million yuan, down 10.26% year-on-year [2]. - For the first three quarters of 2025, the main revenue totaled 2.384 billion yuan, a slight decline of 0.63% year-on-year [2]. - The net profit attributable to the parent company for the first three quarters was 88.72 million yuan, reflecting a year-on-year decrease of 14.66% [2].

Core Viewpoint - The small appliance brand Derma, known for its OEM partnerships with Xiaomi and Philips, is undergoing significant adjustments in response to changes in the current environment and the company's operational needs [1] Company Adjustments - Derma has officially confirmed adjustments to certain operations in the Suzhou region [1] - The purpose of these adjustments is to better support the company's long-term strategic development [1]

文|《BUG》栏目 罗宁 但与追觅、科沃斯不同的是，德尔玛是于2011年7月在佛山市顺德区成立的家电品牌企业，这意味着苏 州并非德尔玛的"主场"。知情人士直言，苏州作为分公司，在运营以及决策方面缺乏"主场作战"的迅速 与高效。 以代工小米、飞利浦而出名的小家电品牌德尔玛，正面临重大调整。 近日，《BUG》栏目从知情人士处获悉，德尔玛已解散其苏州团队，涉及员工近百人。德尔玛官方确 认了该消息，称基于当前环境变化与公司经营发展需要，公司对苏州地区部分业务做出调整，目的是更 好地支撑公司长期战略发展。 上述知情人士称，苏州地区裁撤与公司业绩下滑有直接关系。根据最新财报，德尔玛2025年第三季度单 季净利润2004.41万元，同比下降44.34%；主营收入6.99亿元，同比下降10.26%。前三季度主营收入 23.84亿元，同比下降0.63%；归母净利润8872.47万元，同比下降14.66%。 对于亏损，官方归因于小家电行业整体市场规模增速放缓，市场竞争激烈，并且公司为持续提高产品竞 争力，增加了研发投入。但如今，面对追觅、科沃斯、石头科技等行业头部企业的激烈竞争，德尔玛的 挑战也愈发严峻。 苏州业务调整，知情人称 ...

Market Overview - The small home appliance sector experienced a slight decline of 0.07% on November 28, with Ousheng Electric leading the drop [1] - The Shanghai Composite Index closed at 3888.6, up 0.34%, while the Shenzhen Component Index closed at 12984.08, up 0.85% [1] Stock Performance - Notable gainers in the small home appliance sector included: - Dechang Co., Ltd. (605555) with a closing price of 17.80, up 3.73% and a trading volume of 95,900 shares, totaling 169 million yuan [1] - Lek Electric (603355) closed at 31.27, up 1.92% with a trading volume of 67,700 shares, totaling 208 million yuan [1] - Conversely, Ousheng Electric (301187) saw a decline of 2.21%, closing at 24.33 with a trading volume of 28,700 shares, totaling 70 million yuan [2] Capital Flow - The small home appliance sector saw a net outflow of 32.12 million yuan from institutional investors, while retail investors contributed a net inflow of 42.27 million yuan [2] - The capital flow for key stocks showed: - Lek Electric had a net inflow of 16.51 million yuan from institutional investors, but a net outflow of 19.54 million yuan from retail investors [3] - Dechang Co., Ltd. experienced a net inflow of 7.60 million yuan from institutional investors, with a net outflow of 14.95 million yuan from retail investors [3]

证券日报网讯 11月27日晚间，德尔玛发布公告称，公司不存在对合并报表范围外单位提供担保的情 形，也不存在逾期担保、涉及诉讼的担保及因担保被判决败诉而应承担损失等情况。 （文章来源：证券日报） ...

证券代码：301332 证券简称：德尔玛 公告编号：2025-056 广东德尔玛科技股份有限公司 关于为全资子公司提供担保的进展公告 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。 特别风险提示： 广东德尔玛科技股份有限公司（以下简称"公司"或"德尔玛"）对资产负债率 超过 70%的单位担保金额超过公司最近一期经审计净资产 50%，前述担保均为公司合 并报表范围内主体之间的担保，财务风险处于公司可控范围内，敬请投资者注意相关 风险。 （一）公司对广东水护盾的担保进展 公司就全资子公司广东水护盾健康科技有限公司（以下简称"广东水护盾"）向 中国民生银行股份有限公司佛山分行（以下简称"民生银行"）申请综合授信额度的 相关事项与民生银行签署《最高额保证合同》，担保金额最高不超过 5,000 万元。 本次担保发生前，公司为广东水护盾提供的担保余额为 55,600 万元，剩余可用担 保额度为 16,000 万元。 本次担保发生后，公司为广东水护盾提供的担保余额为 60,600 万元，剩余可用担 保额度为 11,000 万元。 （二）公司对德尔玛健康的担保进展 公司就全资 ...

Core Viewpoint - Delmar's stock has experienced fluctuations, with a recent decline of 2.06% and a year-to-date increase of 1.31%, indicating mixed performance in the market [1][2]. Company Overview - Guangdong Delmar Technology Co., Ltd. was established on July 12, 2011, and went public on May 18, 2023. The company operates as an innovative home appliance brand, focusing on self-research, original design, self-production, and self-sales [1]. - Delmar's main product categories include home environment (40.15% of revenue), water health (38.97%), personal health (20.30%), and others (0.58%) [1]. Financial Performance - For the period from January to September 2025, Delmar reported a revenue of 2.384 billion yuan, a year-on-year decrease of 0.63%, and a net profit attributable to shareholders of 88.7247 million yuan, down 14.66% year-on-year [2]. - Since its A-share listing, Delmar has distributed a total of 115 million yuan in dividends [3]. Shareholder Information - As of September 30, 2025, Delmar had 21,900 shareholders, a decrease of 1.36% from the previous period, with an average of 12,097 circulating shares per shareholder, an increase of 1.38% [2]. - The eighth largest circulating shareholder is Hong Kong Central Clearing Limited, which holds 2.2895 million shares as a new shareholder [3]. Market Activity - On November 19, Delmar's stock price was 10.00 yuan per share, with a trading volume of 25.2586 million yuan and a turnover rate of 0.95%. The total market capitalization stood at 4.616 billion yuan [1]. - The stock has seen a decline of 2.34% over the last five trading days and a decrease of 11.43% over the last 60 days [1].

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]