证券代码：301606 证券简称：绿联科技 公告编号：2025-046 深圳市绿联科技股份有限公司 （一）股东减持计划 公司持股 5%以上股东珠海锡恒投资合伙企业（有限合伙）保证向本公司提 供的信息内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 特别提示： 持有本公司股份 28,779,695 股（占本公司总股本比例 6.94%）的大股东珠 海锡恒投资合伙企业（有限合伙）计划在本公告披露之日起 15 个交易日后的 3 个月内（即 2025 年 12 月 24 日至 2026 年 3 月 23 日），以集中竞价方式或大宗 交易方式合计减持本公司股份数量不超过 8,298,196 股（即不超过本公司总股本 比例 2.00%）。 深圳市绿联科技股份有限公司（以下简称"公司"）近日收到公司持股 5% 以上股东珠海锡恒投资合伙企业（有限合伙）的通知，其计划以集中竞价或大宗 交易方式减持本公司股份合计不超过 8,298,196 股（即不超过本公司总股本比例 2.00%）。现将有关情况公告如下： | 一、减持主体的基本情况 | | --- | ...

人民财讯11月28日电，绿联科技（301606）11月28日在机构调研时表示，公司将存储类业务定位为重点 发展和持续创新的核心品类，成功开辟了第二条增长曲线。目前，公司的NAS产品线已全面覆盖从入门 级到高端级的各类设备，并加速推进AI技术与硬件的深度融合。凭借AI智能特性、简洁易用的设计、 强大的扩展性和兼容性，公司产品能够满足不同用户的多样化需求，逐步树立了良好的市场口碑和先发 优势，已在市场中确立了领先地位。未来，公司将根据市场需求优化产能规划，确保产品的稳定交付。 ...

每经AI快讯，绿联科技（SZ 301606，收盘价：62.75元）发布公告称，2025年11月28日，绿联科技接受 南方基金等投资者调研，公司董事会秘书兼财务负责人王立珍等人参与接待，并回答了投资者提出的问 题。 2025年1至6月份，绿联科技的营业收入构成为：消费电子业占比100.0%。 截至发稿，绿联科技市值为260亿元。 每经头条（nbdtoutiao）——已有75人遇难，1名死者为消防员，还有10名消防员受伤！记者现场直击香 港大埔火灾：燃烧的宏福苑，五级大火的五个谜团 （记者 王晓波） ...

投资者关系活 动类别 ☑ 特定对象调研 ☐ 分析师会议 ☐ 媒体采访 ☐ 业绩说明会 ☐ 新闻发布会 ☐ 路演活动 ☑ 现场参观 ☐ 其他 参与单位名称 共计 27 家机构 33 人次，详见附件 时间 2025 年 11 月 28 日 地点 公司会议室 形式 现场 上市公司接待 人员姓名 董事会秘书兼财务负责人：王立珍 证券事务代表：申利群 投资者关系活 动主要内容介 绍 一、问答交流（同类问题已作汇总整理，近期已回复问题不再重复） Q1.公司 NAS 产品的定位是什么？ 答：公司将存储类业务定位为重点发展和持续创新的核心品类，成 功开辟了第二条增长曲线。目前，公司的 NAS 产品线已全面覆盖从入门 级到高端级的各类设备，并加速推进 AI 技术与硬件的深度融合。凭借 AI 智能特性、简洁易用的设计、强大的扩展性和兼容性，公司产品能够 满足不同用户的多样化需求，逐步树立了良好的市场口碑和先发优势， 已在市场中确立了领先地位。未来，公司将根据市场需求优化产能规划， 确保产品的稳定交付。 | | Q2.NAS 购买者的画像是否有所更新和变化？ | | --- | --- | | | 答：NAS 产品用户的画像目前尚 ...

Core Insights - The stock price of Ugreen Technology increased by 2.11% on November 25, reaching 59.98 CNY per share, with a market capitalization of 24.886 billion CNY [1] - Ugreen Technology's stock has risen 61.24% year-to-date, but has seen declines of 2.94% over the last five trading days, 14.25% over the last 20 days, and 11.83% over the last 60 days [1] - The company reported a revenue of 6.364 billion CNY for the first nine months of 2025, a year-on-year increase of 47.80%, and a net profit of 467 million CNY, up 45.08% year-on-year [2] Company Overview - Ugreen Technology, established on March 16, 2012, is located in Longhua District, Shenzhen, Guangdong Province, and specializes in the R&D, design, production, and sales of 3C consumer electronics [2] - The company's main business segments include charging products (37.01% of revenue), transmission products (26.64%), audio and video products (16.34%), storage products (10.75%), mobile peripherals (7.88%), and others (1.33%) [2] Shareholder Information - As of September 30, 2025, Ugreen Technology had 8,578 shareholders, a decrease of 10.42% from the previous period, with an average of 19,235 circulating shares per shareholder, an increase of 454.77% [2] - The top ten circulating shareholders include notable funds such as the Fortune Small and Medium Cap Selected Mixed Fund, which increased its holdings by 1.3456 million shares [3]

Core Insights - The Chinese safety hammer industry is experiencing steady growth driven by increased public awareness, regulatory support, and rising demand for emergency response tools, with a projected market size of 2.662 billion yuan in 2024, up 24% year-on-year [1][10] - The industry is supported by mandatory regulations requiring all public transport vehicles to be equipped with safety hammers, ensuring continuous demand [1][10] - The market is expanding into the civilian sector as more households prioritize safety tools for home and travel [1][10] Industry Overview - Safety hammers, also known as life hammers, are essential emergency tools designed to break glass in vehicles during emergencies, featuring a compact design and multiple functionalities [4][5] - The industry supply chain includes raw materials like stainless steel and engineering plastics, with the core manufacturing process transforming these materials into finished products [6] Market Dynamics - The number of motor vehicles in China is expected to grow from 327 million in 2018 to 453 million by 2024, increasing the demand for safety hammers [8] - Traffic accidents remain a significant concern, with 254,738 incidents reported in 2023, highlighting the importance of emergency tools like safety hammers [8][9] Competitive Landscape - International brands such as Resqme and Lifehammer dominate the high-end market, while domestic companies like Baseus and Ugreen leverage local advantages to capture market share [12] - Baseus, established in 2011, focuses on innovative design and technology in its safety hammer products, while Ugreen, listed in 2024, emphasizes smart solutions across various consumer electronics [12][13] Industry Trends - There is a growing demand for customized safety hammers tailored to specific user scenarios, such as vehicle compatibility and public transport requirements [13] - Multi-functional safety hammers are becoming mainstream, integrating features like LED lighting and emergency signaling, with high-end models incorporating IoT technology for enhanced functionality [14] - Chinese companies are increasingly expanding into international markets, particularly in the Asia-Pacific region, while enhancing product quality to compete in high-end markets [15]

Core Insights - The report emphasizes the importance of "strong, change, and new" in the 2026 strategy for the trading industry, focusing on both external and internal demand, particularly through consumer exports and resource trading [1][3] Group 1: Industry Review and Trends - In 2025, the trading industry benefited from national subsidies, leading to a recovery in consumer demand, particularly in discretionary categories, with growth rates of 18-21% for various consumer goods [3][14] - The "anti-involution" trend has led to a recovery in production profits, with industrial profits showing over 20% year-on-year growth in August and September [3][23] - The rise of new consumption patterns, the impact of trade wars on consumer exports, and the significant increase in gold prices present unique opportunities for the industry [3][24][26] Group 2: Future Directions for the Trading Industry - Consumer exports and trade security are expected to play a crucial role in China's economy, with a focus on building "Chinese brands" globally [3][28] - The gold and jewelry retail sector is anticipated to remain a key area of focus in 2026, despite high gold prices, as consumer habits typically lag behind price changes [3][29] - The bulk trading sector is at a turning point, with potential for the emergence of large Chinese trading groups similar to Japan's trading houses [3][30] - Retail and tourism sectors are expected to undergo significant changes and reforms, providing marginal catalysts for growth [3][31] Group 3: Investment Recommendations - Strong investment opportunities include companies involved in consumer exports such as Xiaoshangcheng, Anker Innovations, and Luguan Technology, as well as gold retail brands like Luk Fook Holdings and Chow Tai Fook [3][33] - Companies undergoing changes in trading cycles and brand development, such as Xiamen Xiangyu and Yonghui Superstores, are also recommended [3][34] - New consumption trends represented by brands like Laopu Gold and Pop Mart are highlighted as potential growth areas [3][35] - Companies with low valuations, including Huazhu Group and Miniso, are suggested for consideration [3][36] Group 4: Cross-Border E-commerce Growth - The cross-border e-commerce sector is experiencing high growth, with exports reaching 2.6 trillion yuan in 2024, a 10.8% increase year-on-year [42] - The sector's growth is driven by China's supply chain advantages and increasing e-commerce penetration in overseas markets [42][45] - Future growth in cross-border e-commerce is expected to be fueled by the branding of supply chains and the continued rise of overseas e-commerce platforms [42][45] Group 5: Bulk Supply Chain Recovery - The bulk supply chain industry is fragmented, with leading companies holding less than 2% market share, indicating significant growth potential [54] - The market concentration in the bulk supply chain sector is increasing, with leading companies showing continuous growth [54][58] - As domestic manufacturing becomes more specialized, the advantages of leading supply chain companies in terms of scale and efficiency are expected to enhance their market share [58]

Core Insights - On November 20, 2023, Ugreen Technology experienced a slight decline of 0.17% in stock price, with a trading volume of 94.20 million yuan [1] - The company reported a net financing outflow of 481.20 thousand yuan for the same day, indicating a higher level of financing activity compared to the previous year [1] Company Overview - Ugreen Technology, established on March 16, 2012, is located in Longhua District, Shenzhen, Guangdong Province, and is set to be listed on July 26, 2024 [2] - The company specializes in the research, design, production, and sales of 3C consumer electronics, offering comprehensive digital solutions across five main product categories: charging (37.01%), transmission (26.64%), audio-video (16.34%), storage (10.75%), and mobile peripherals (7.88%) [2] Financial Performance - For the period from January to September 2025, Ugreen Technology achieved a revenue of 6.364 billion yuan, reflecting a year-on-year growth of 47.80%, while the net profit attributable to shareholders was 467 million yuan, up 45.08% year-on-year [2] - The company has distributed a total of 373 million yuan in dividends since its A-share listing [3] Shareholder Structure - As of September 30, 2025, Ugreen Technology had 8,578 shareholders, a decrease of 10.42% from the previous period, with an average of 19,235 circulating shares per shareholder, an increase of 454.77% [2] - Notable changes in institutional holdings include an increase in shares held by the eighth largest shareholder, 富国中小盘精选混合A/B, which added 1.3456 million shares [3]

Core Insights - The event focused on "Unlocking New Ways of Data Storage," addressing the practical needs of students in data management and providing effective solutions for efficient digital campus life [1][2][3] Group 1: Event Overview - The UGREEN NAS private cloud storage campus exchange event was held across four universities, concluding with a special session at Guangzhou Academy of Fine Arts [1] - The event aimed to respond to the "storage anxiety" faced by students, such as insufficient storage space, inefficient multi-device collaboration, weak data security, and cumbersome file retrieval [1] Group 2: Product Features and Applications - UGREEN NAS products are designed to meet campus needs, offering features like massive literature classification and quick retrieval to enhance learning efficiency [2] - The cross-device automatic synchronization feature supports real-time updates of documents and materials, addressing the challenges of switching between devices [2] - Real-time editing and version management capabilities facilitate group project collaboration, resolving traditional issues of version confusion [2] - Encryption and secure backup features provide data privacy protection, alleviating concerns about data loss [2] Group 3: User Engagement and Feedback - Interactive discussions and a quiz segment allowed UGREEN to gather valuable feedback from students, identifying optimization directions for storage products based on suggestions like "lightweight operation" and "campus network adaptation" [3] - The event served as a practical basis for future product iterations, aligning product features with actual user needs [3] Group 4: Market Implications - The four-university collaboration not only addressed student storage needs but also provided insights for technology consumer brands to deepen their engagement in the campus market [3] - As digital transformation accelerates in higher education, the demand for efficient and secure campus data management solutions is expected to grow [3]

Core Insights - Ugreen Technology (301606) has officially received dual certifications for ISO27001 and ISO27701 from SGS, a globally recognized inspection and certification body, marking a significant achievement in its data security governance efforts [1][2] - The dual certification enhances Ugreen's compliance foundation for its NAS private cloud's global development and signifies a new level in data security and privacy protection [1][3] Company Summary - Ugreen has been a pioneer in the private cloud NAS storage sector in China, continuously investing in system security, data encryption, and application permission governance, resulting in a multi-tiered privacy protection system for individuals, families, and small teams [2] - The successful attainment of the ISO dual certification reflects Ugreen's commitment to a user-centric core value and provides crucial support for its compliance operations in domestic and international markets [2] - Achieving the ISO27001 and ISO27701 certifications indicates Ugreen's maturity in constructing a data security governance system, which includes organizational management, technical protection, risk processes, and emergency mechanisms [2][3] Industry Summary - The increasing global digitalization has heightened consumer demand for data sovereignty and privacy protection, making data security a critical focus for technology companies [2][3] - Ugreen's dual certification is seen as a milestone in its long-term data security efforts and signifies international recognition of its data protection capabilities [3] - The industry is calling for more companies to adopt international standards and implement systematic management frameworks to provide more reliable products and services to users [3]