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].

证券代码：301391 证券简称：卡莱特 公告编号：2025-036 卡莱特云科技股份有限公司 2024 年年度股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东大会不存在否决议案的情形。 2、本次股东大会不涉及变更以往股东大会已通过的决议。 二、会议出席情况 （一）股东出席的总体情况 一、会议召开和出席情况 1、召开时间： 现场会议时间：2025 年 5 月 23 日（星期五）下午 14:30 网络投票时间：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 5 月 23 日上午 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互联 网系统投票的时间为 2025 年 5 月 23 日 9:15-15:00 期间的任意时间。 2、召开地点：深圳市南山区西丽街道西丽社区留新四街万科云城三期C区 八栋A座 39 楼高级会议室 3、召开方式：本次股东大会采用现场投票与网络投票表决相结合的方式召 开 4、召集人：公司董事会 5、主持人：董事长周锦志 6、本次会议的召集、召开程序符合《 ...

中国 深圳 福田区益田路6001号太平金融大厦11、12楼 邮政编码：518038 11、12/F, TaiPing Finance Tower, Yitian Road 6001, Futian District, ShenZhen P.R.China 518038 电话（Tel）：（0755）88265288 传真（Fax）：（0755）88265537 网址（Website）：http://www.sundiallawfirm.com 广东信达律师事务所 2024年年度股东大会之 法律意见书 信达会字（2025）第171号 致：卡莱特云科技股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《上市公司股 东会规则》（以下简称"《规则》"）等法律、法规以及现行有效的《卡莱特云科 技股份有限公司章程》（以下简称"《公司章程》"）的规定，广东信达律师事务 所（以下简称"信达"）接受卡莱特云科技股份有限公司（以下简称"公司"）的 委托，指派丛启路、张昊律师（以下简称"信达律师"）出席公司2024年年度股东 大会（以下简称"本次股东大会"），在进行必要验证工作的基础上，对本次股东 大会的召集、召 ...

Core Viewpoint - The company, Kaleite, reported significant declines in revenue and net profit for the year 2024, indicating financial challenges and operational difficulties [1][2][3]. Financial Performance Summary - For the year 2024, Kaleite achieved operating revenue of 643 million yuan, a decrease of 36.97% compared to the previous year [1][2]. - The net profit attributable to shareholders was 19.35 million yuan, down 90.45% year-on-year [1][2]. - The net profit after deducting non-recurring gains and losses was -22.19 million yuan, compared to 165 million yuan in the same period last year, reflecting a decline of 113.46% [1][2]. - The net cash flow from operating activities was -143.42 million yuan, compared to 4.80 million yuan in the previous year [1][2]. Quarterly Performance Summary - In the first quarter of 2025, the company reported operating revenue of 10.56 million yuan, a decrease of 26.04% year-on-year [3][4]. - The net profit attributable to shareholders for the first quarter was 3.15 million yuan, down 83.32% compared to the same quarter last year [3][4]. - The net profit after deducting non-recurring gains and losses was -3.09 million yuan, compared to 5.48 million yuan in the previous year, indicating a decline of 156.41% [3][4]. - The net cash flow from operating activities improved to 50.07 million yuan, compared to -76.63 million yuan in the same period last year, showing a significant recovery [3][4]. Dividend Distribution - The board of Kaleite proposed a cash dividend distribution plan for 2024, offering 1.2 yuan per 10 shares, totaling 11.05 million yuan [2].

中国国际金融股份有限公司 关于卡莱特云科技股份有限公司 | 项目 | 工作内容 | | --- | --- | | | 保荐机构在 2024 年度对公司开展 | | | 现场检查时发现，公司存在 IPO 募 | | | 集资金使用进度滞后、业绩下滑等问 | | | 题。截至 2024 年末，公司 IPO 募 | | | 投项目中的 "LED 显示屏控制系统 | | | 及视频处理设备扩产项目""营销服务 | | | 及产品展示中心建设项目""卡莱特研 | | | 发中心建设项目" 资金使用进度均 | | | 未达预期目标。 | | | 经核查，公司基于当前市场环境及自 | | | 身经营状况，已对上述募投项目的可 | | （3）现场检查发现的主要问题及整改情 | 行性和必要性进行重新论证，确认项 | | 况 | 目仍具备实施价值。目前，公司正采 | | | 取有效措施，积极推进相关项目建设 | | | 工作。 | | | 保荐机构将持续履行督导职责，密切 | | | 关注募投项目进展情况。同时提醒投 | | | 资者，若未来募投项目所处市场环境 | | | 发生重大不利变化，或项目出现搁 | | | 置、停滞 ...

证券代码：301391 证券简称：卡莱特 公告编号：2025-035 （二）本次计提资产减值准备的资产范围和总金额 公司计提2025年1-4月各项资产减值准备共-745.81万元，其中，计提资产减 值损失188.10万元，冲回信用减值损失933.91万元，详细如下表：（下表中损失 以"-"列示） 单位：元 | 类别 | 项目 | 本期金额 | | --- | --- | --- | | | 应收票据坏账损失 | -1,203,816.73 | | 信用减值损失 | 应收账款坏账损失 | 10,440,751.61 | | | 应收款项融资减值损失 | 102,156.05 | 卡莱特云科技股份有限公司 关于2025年1-4月计提及冲回资产减值准备的公告 本公司及董事会全体成员保证信息披露内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 根据《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》《企业会计准则》等相关规定，公司本着谨慎性原则，对合并财务报表 范围内的各项需要计提减值的资产进行了评估和分析，对预计存在可能发生减值 损失的相关资产计提减值准备。现将相关情况公告如下： 一 ...

Group 1: Cost Optimization Strategies - The company plans to implement strict control over procurement processes and collaborate closely with suppliers to reduce raw material costs through centralized purchasing and long-term agreements [2] - There will be a focus on optimizing production processes to minimize waste and enhance production efficiency, thereby lowering the unit production cost [2] - The company aims to strictly control sales and management expenses, cutting unnecessary non-core expenditures [2] Group 2: Business Growth and Market Expansion - The company is committed to R&D in LED display control and video processing, with core products including LED display control systems and video processing equipment [3] - Plans for future market expansion include increasing sales personnel and establishing overseas marketing networks to enhance brand recognition and market influence [4] - The company has allocated 20.94% of its revenue (approximately 134.64 million yuan) for R&D in 2024, focusing on innovative products and solutions [4] Group 3: Financial Performance - In Q1 2025, the company reported total revenue of 105.57 million yuan and a net profit of 3.15 million yuan [4] - The gross margins for various products in 2024 are as follows: receiving cards at 21.00%, transmitters at 48.55%, video processing equipment at 57.38%, and cloud-connected players at 51.30% [5] Group 4: Risk Management - The company faces several risks, including market competition, high customer concentration, technology upgrade risks, and exchange rate fluctuations [4] - To mitigate these risks, the company is enhancing its overall strength by leveraging its brand and capital advantages, improving product quality, and expanding its R&D team [4] Group 5: Future Growth Drivers - The company aims to achieve operational quality improvement through a dual strategy of "technological innovation + operational management optimization" [5] - It is focusing on high-growth business segments such as video processing equipment and software platforms, while reducing low-margin product lines [5] - The company is positioned to benefit from the ultra-high-definition display industry's market opportunities, forming a complete solution capability across hardware, software, and services [5]

Core Viewpoint - The company has decided to terminate the 2023 Restricted Stock Incentive Plan and invalidate the second category of restricted stocks due to significant changes in the macroeconomic environment and market conditions, which hinder the achievement of the intended incentive objectives [1][2][4]. Summary by Sections Implementation Process of the Incentive Plan - The company held multiple board meetings to approve the 2023 Restricted Stock Incentive Plan, including independent opinions from directors and legal opinions from law firms [1][2]. Reasons for Termination and Quantity - The decision to terminate the incentive plan was based on the assessment that continuing it would not meet the expected incentive goals, considering the company's industry, operational situation, and market environment. A total of 952,000 shares of the second category of restricted stocks, which were granted but not vested, will be invalidated [2][4]. Impact of Termination and Follow-up Measures - The termination of the incentive plan is compliant with relevant laws and regulations and will not adversely affect the company's daily operations or the diligence of its management team. The company plans to optimize its compensation system and performance evaluation methods to motivate its key personnel [4][5]. Opinions from Supervisory and Compensation Committees - The Supervisory Committee and the Compensation and Assessment Committee both agree that terminating the incentive plan aligns with the company's overall development direction and does not harm the interests of the company or its shareholders [5]. Legal Opinions - Legal counsel has confirmed that the termination and invalidation of the restricted stocks have obtained the necessary approvals and are in compliance with relevant laws and regulations, with no evident harm to the interests of the company and its shareholders [5].

证券代码：301391 证券简称：卡莱特 公告编号：2025-032 审议结果：赞成票 3 票，反对票 0 票，弃权票 0 票。 二、监事会会议审议情况 性股票的议案》 经审核，监事会认为：公司本次终止实施 2023 年限制性股票激励计划暨作 废第二类限制性股票事项符合《公司法》《证券法》《上市公司股权激励管理办 法》等相关法律、法规、规范性文件及公司《2023 年限制性股票激励计划》的规 定，相关审议和决策程序合法合规，不会影响公司的持续经营，不存在损害公司 及全体股东利益的情形。 具体内容详见公司同日于巨潮资讯网（www.cninfo.com.cn）披露的《关于终 止实施 2023 年限制性股票激励计划暨作废第二类限制性股票的公告》（公告编 号：2025-033）。 卡莱特云科技股份有限公司 本公司及监事会全体成员保证信息披露内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 一、监事会会议召开情况 卡莱特云科技股份有限公司（以下简称"公司"）第二届监事会第八次会议 通知于 2025 年 5 月 9 日以邮件的形式发出，会议于 2025 年 5 月 12 日以现场表 决的方式召开。会议由监事会主 ...

证券代码：301391 证券简称：卡莱特 公告编号：2025-033 卡莱特云科技股份有限公司 关于终止实施 2023 年限制性股票激励计划 暨作废第二类限制性股票的公告 本公司及董事会全体成员保证信息披露内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 卡莱特云科技股份有限公司（以下简称"公司"）于 2025 年 5 月 12 日召开第 二届董事会第十次会议、第二届监事会第八次会议，审议通过了《关于终止实施 2023 年限制性股票激励计划暨作废第二类限制性股票的议案》，同意终止实施 2023 年限制性股票激励计划（以下简称"本次激励计划"）暨作废第二类限制性股票事 项。同时，与之配套的《2023 年限制性股票激励计划》《2023 年限制性股票激励 计划实施考核管理办法》等相关文件亦一并终止，本议案尚需提交公司股东大会 审议。现将有关事项说明如下： 一、本次激励计划已履行的相关审批程序 5、2024 年 6 月 12 日，公司召开第二届董事会第三次会议和第二届监事会 第三次会议，审议通过了《关于调整 2023 年限制性股票激励计划授予价格与授 予数量的议案》、《关于作废 2023 年限制性股票激励 ...