Core Viewpoint - The company, Bee Assistant (301382.SZ), has disclosed its performance forecast for the fiscal year 2025, expecting a net profit attributable to shareholders ranging from 142 million to 174 million yuan, indicating a year-on-year growth of 6.16% to 30.09% [1] Summary by Categories - **Net Profit Forecast**: The company anticipates a net profit of 142 million to 174 million yuan for 2025, reflecting a growth rate of 6.16% to 30.09% compared to the previous year [1] - **Net Profit Excluding Non-Recurring Items**: The forecasted net profit, excluding non-recurring gains and losses, is expected to be between 140 million and 171 million yuan, with a year-on-year increase of 6.61% to 30.21% [1]

智通财经APP讯，蜂助手(301382.SZ)披露2025年度业绩预告，公司预计归属于上市公司股东的净利润 1.42亿元至1.74亿元，同比增长6.16%至30.09%;扣除非经常性损益后的净利润1.4亿元至1.71亿元，同比 增长6.61%至30.21%。 ...

南财智讯1月28日电，蜂助手发布年度业绩预告，预计2025年全年归属于上市公司股东的净利润为14200 万元—17400万元，同比预增6.16%—30.09%；预计2025年全年归属于上市公司股东的扣除非经常性损 益的净利润为14000万元—17100万元，同比预增6.61%—30.21%。业绩变动原因说明：（1）营收规模 扩张：主要是数字商品综合运营业务板块营收规模上升，叠加云终端产品研发和算力运营板块收入增 加，推动公司整体盈利基数实现提升。（2）销售、管理费用管控优化：增速远低于营收增速，费用效 率提升，利润侵蚀减少。 ...

证券代码：301382 证券简称：蜂助手 公告编号：2026-002 蜂助手股份有限公司 2025年度业绩预告 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、本期业绩预计情况 以区间数进行业绩预告 单位：万元 项目 本报告期 上年同期 归属于上市 公司股东的 净利润 14,200 ～ 17,400 13,375.67 比上年同期增长 6.16% ～ 30.09% 扣除非经常 性损益后的 净利润 14,000 ～ 17,100 13,132.26 比上年同期增长 6.61% ～ 30.21% 营业收入 190,000 ～ 230,000 153,864.98 二、与会计师事务所沟通情况 公司已就业绩预告有关事项与会计师事务所进行了预沟通，公司与会计师事务所在业 绩预告方面不存在分歧，本次业绩预告未经注册会计师审计。 三、业绩变动原因说明 （1）营收规模扩张：主要是数字商品综合运营业务板块营收规模上升，叠加云终端 产品研发和算力运营板块收入增加，推动公司整体盈利基数实现提升。 （2）销售、管理费用管控优化：增速远低于营收增速，费用效率提升，利润侵蚀减 少。 ...

Summary of the Conference Call Company Overview - The conference call discusses the performance and strategies of Fengzhushou Company, which operates in the AI application integration sector, focusing on smart home solutions and IoT services [2][4]. Key Industry Insights - The macroeconomic downturn has led to lower returns from traditional investment channels, making high-dividend, high-growth, and reasonably valued companies in the stock market attractive investment opportunities [2][3]. - The Chinese capital market is experiencing a rare slow bull market, coinciding with a significant technological transformation driven by AI advancements [3]. - The decline in risk-free returns, such as trust product yields dropping from over 15% to 2.5% and 10-year government bond yields below 2%, has made equities more appealing [3]. Core Business Strategies - Fengzhushou's AI application integration products primarily target home scenarios, combining digital goods, IoT, and cloud terminal capabilities to offer a comprehensive smart service experience [2][5]. - The company has established partnerships with custom home companies like Haolaike to penetrate the home market, moving away from traditional hardware sales to a service-oriented model [2][7]. - The integration of AI capabilities with IoT and cloud technologies allows for personalized design and enhanced user interaction through smart devices [4][8]. Financial Performance - In 2025, Fengzhushou reported strong growth across all business segments, setting a solid foundation for further R&D and new product launches in 2026 [5][18]. - The company anticipates significant growth in its smart home solutions, with a focus on expanding its service offerings through a membership model [5][6]. Product Differentiation - The AI fusion gateway distinguishes itself from traditional gateways by offering multiple integrated services, including internet access, video, and audio, under a membership service model [6][7]. - The company plans to enhance its product ecosystem by integrating various smart home devices and services, ensuring seamless connectivity and user experience [10][12]. Future Development Plans - Fengzhushou aims to expand its AI capabilities into various consumer electronics, including toys and smart speakers, while deepening its membership service model [9][18]. - The company is also exploring opportunities in the aviation internet sector, planning to deploy communication bases on civil aircraft to improve user connectivity [15][16]. Market Penetration and Collaboration - The company is leveraging partnerships with distributors like Haotaitai and Haolaike to promote its products through existing sales channels, with plans to expand online sales by late 2026 [11][12]. - Fengzhushou is developing a proprietary communication protocol to ensure compatibility and stability among smart home devices, enhancing the overall user experience [13][14]. Conclusion - Fengzhushou is well-positioned to capitalize on the growing demand for AI-integrated smart home solutions and the expanding aviation internet market, with a focus on innovation, strategic partnerships, and a service-oriented business model [18].

Market Overview - The communication services sector declined by 0.54% on January 27, with the stock "二六三" leading the decline [1] - The Shanghai Composite Index closed at 4139.9, up 0.18%, while the Shenzhen Component Index closed at 14329.91, up 0.09% [1] Stock Performance - "三维通信" saw a significant increase of 10.00%, closing at 15.73, with a trading volume of 1.1458 million shares [1] - "世纪恒通" and "奧飞致居" also experienced gains of 6.05% and 4.61%, respectively, with closing prices of 40.82 and 23.59 [1] - Conversely, "二六三" dropped by 4.97%, closing at 6.50, with a trading volume of 1.774 million shares [2] Capital Flow - The communication services sector experienced a net inflow of 115 million yuan from institutional investors, while retail investors saw a net outflow of 229 million yuan [2] - "三维通信" attracted the highest net inflow from institutional investors at 704 million yuan, representing 39.33% of its trading volume [3] - "世纪恒通" and "润建股份" also had notable net inflows of 57.24 million yuan and 53.37 million yuan, respectively [3]

本报讯(记者李昱丞)近日，蜂助手（301382）股份有限公司(以下简称"蜂助手")在深交所互动易平台上 表示，2026年，公司在AI应用方面的布局已全面展开，且在部分业务领域实现了重要进展。 在AI云手机方面，基于成熟的云终端技术，公司已完成豆包等模型与云端OS平台的适配与融合测试， 逐步构建起能够服务多种云端生态的AI云手机能力，从而提升其市场竞争力和应用多样化，商业化进 程将依据客户实际需求稳步推进。 同时，蜂助手正积极规划生活服务智能体，涵盖音视频内容、点餐、快递等服务，并在大模型领域致力 于AI能力平台的研发，通过基于Qwen基座模型的全参微调，构建了精准意图识别模型，已训练50多个 意图分类，并整合了ASR、TTS、声纹识别等能力，覆盖生活类以及智能家居控制等垂直类意图，后续 还将根据应用场景的扩展，不断丰富意图种类，以支持更高准确性场景的应用需求。 此外，蜂助手明确将商业航天作为未来第四条业务增长曲线进行布局。公司的规划是创新采用空中基站 与卫星、地面通信网络直接连接的模式，构建客舱与地面互联互通的网络能力，联合运营商、航司及其 他合作伙伴，并围绕此场景开发客舱娱乐、商务办公及"云+AI"应用等服 ...

Group 1 - The communication services sector increased by 0.33% on January 23, with Sanwei Communication leading the gains [1] - The Shanghai Composite Index closed at 4136.16, up 0.33%, while the Shenzhen Component Index closed at 14439.66, up 0.79% [1] - Key stocks in the communication services sector showed significant price increases, with Sanwei Communication rising by 7.85% to a closing price of 15.39 [1] Group 2 - Major stocks in the communication services sector experienced varied performance, with some stocks like Guoan Co. and ST Tongmai showing declines of 2.69% and 2.52% respectively [2] - The overall net capital flow in the communication services sector indicated a net outflow of 489 million yuan from institutional investors, while retail investors saw a net inflow of 666 million yuan [2][3] - Specific stocks such as China Unicom and Puhua Technology had notable net inflows and outflows, reflecting diverse investor sentiment [3]

Group 1 - The core point of the article highlights that the trading volume of Bee Assistant reached 1.521 billion RMB, marking a new high since March 21, 2025 [2] - The latest stock price increased by 6.54%, with a turnover rate of 19.90% [2] - The previous trading day's total transaction volume for the stock was 1.501 billion RMB [2] Group 2 - Bee Assistant Co., Ltd. was established on January 13, 2012, with a registered capital of 2,855.93903 million RMB [2]

Group 1: Industry Overview - The light industry and beauty sector is expected to stabilize and improve due to the dual drivers of domestic demand policies and steady export growth [3] - The "14th Five-Year Plan" marks a year of enhanced domestic demand policies, coupled with consumers' increasing pursuit of high-quality living, creating significant growth opportunities for the industry [3] - The penetration rate of cross-border e-commerce has ample room for improvement, and the recovery of international relations and demand from emerging markets will further drive market expansion [3] Group 2: Beauty Sector - The cosmetics market is projected to grow steadily, with the skincare segment being the largest, reaching a market size of 4,619 billion yuan in 2024, and expected to grow at a CAGR of 8.6% from 2024 to 2029 [19] - The high-end cosmetics market is rapidly expanding, with the market size for high-end skincare products increasing from 749 billion yuan in 2019 to 1,144 billion yuan in 2024, reflecting a CAGR of 8.84% [19] - Key companies in the beauty sector include: - **Mao Geping**: Revenue reached 25.88 billion yuan in H1 2025, with a growth rate of 31.28% [23] - **Lin Qingxuan**: Revenue grew to 10.52 billion yuan in H1 2025, marking a 98.28% increase [27] - **Marubi**: Revenue is expected to reach 29.70 billion yuan in 2024, recovering from previous declines [32] Group 3: Medical Aesthetics - The medical aesthetics sector is facing short-term pressure due to cautious consumer spending, but the long-term growth potential remains strong, with a projected CAGR of 10%-15% from 2024 to 2027 [36] - The market penetration rate for medical aesthetics in China is currently at 4-5%, indicating a growth potential of 2-5 times compared to countries like the US and South Korea [36] - Key companies in the medical aesthetics sector include: - **Jinbo Biological**: Achieved revenue of 12.96 billion yuan in Q1-Q3 2025, with a year-on-year growth of 31.10% [45] Group 4: Daily Chemicals - The daily chemical industry is benefiting from domestic demand policies, with local brands poised to capture market share [49] - Companies such as **Dengkang Oral Care** and **Runben** are highlighted for their strong market positions and growth potential [51][55] - **Shanghai Jahwa** has shown significant growth, with revenue reaching 49.61 billion yuan in Q1-Q3 2025, reflecting a 10.83% increase [59] Group 5: Home Furnishing - The home furnishing sector is under pressure due to weak real estate sales, with a 15% decline in residential investment in 2025 [65] - National subsidies for home appliances and furnishings have provided some support, but the long-term effects are limited [65] - Leading companies such as **Oppein Home** and **Kuka Home** are noted for their strong channel capabilities and multi-category layouts [65]