证券代码：688696 证券简称：极米科技 公告编号：2026-004 极米科技股份有限公司 第三届董事会第七次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 一、董事会会议召开情况 极米科技股份有限公司（以下简称"公司"）第三届董事会第七次会议（以 下简称"本次会议"）于 2026 年 2 月 2 日在公司会议室以现场结合通讯的方式 召开。会议通知已于 2026 年 2 月 2 日以电子邮件方式送达公司全体董事。本次 会议经全体董事同意豁免通知时效。本次会议由董事长钟波先生主持。本次会议 应出席董事 5 名，实际出席董事 5 名。 本次会议的召集、召开和表决程序符合《中华人民共和国公司法》等法律、 法规、规章、规范性文件和《极米科技股份有限公司章程》（以下简称"《公司 章程》"）的有关规定。 二、董事会会议审议情况 会议审议通过以下议案： 1、《关于以集中竞价交易方式回购公司股份方案的议案》 经与会董事审议，基于对公司未来发展前景的信心和对公司价值的认可，结 合公司目前的财务状况、经营情况、估值水平等因素， ...

Major Events - ST Kaiyuan expects a negative net asset value by the end of 2025, which may lead to a delisting risk warning from the Shenzhen Stock Exchange [1] - Changfei Fiber indicates that the global fiber optic cable market is stable, with new products related to data centers representing a small proportion of total demand [1] - Litong Electronics clarifies that its liquid cooling product development is still in the early discussion stage, denying rumors of significant technological breakthroughs [1] Financial Announcements - Shanghai Yizhong reports a net profit of 64.13 million yuan for 2025, a year-on-year increase of 819.42%, driven by the inclusion of its core product in the national medical insurance directory [4] - Lianyun Technology announces a net profit of 142 million yuan for 2025, up 20.36% year-on-year, benefiting from the recovery in the storage industry and the rapid development of AI [5] Share Buybacks - Midea Group has repurchased 0.35% of its shares for a total of 1.998 billion yuan, with share prices ranging from 69.50 to 80.44 yuan [6] - XGIMI Technology plans to repurchase shares worth between 50 million and 100 million yuan for employee stock ownership plans, with a maximum price of 159.51 yuan per share [6] - GoerTek has repurchased 1.14% of its shares for a total of 1.108 billion yuan, with prices between 20.35 and 34.09 yuan [6] Contracts and Projects - Chongqing Construction has won multiple project bids, including a 673 million yuan contract for the Binzhou Qiwo Ecological Circular Industry Park [8] - Jinchengxin has signed a contract for mining and installation works at the Plang Copper Mine, with an estimated total price of 202 million yuan [9] - Far East Holdings reports that its subsidiaries signed contracts worth approximately 3.075 billion yuan in January 2026 [10] - *ST Songfa's subsidiary has signed a significant contract for the construction of a Capesize bulk carrier, valued between 70 to 100 million USD [11]

每经AI快讯，2月2日，极米科技(688696.SH)公告称，公司拟以集中竞价交易方式回购股份，资金总额 不低于5000万元（含），不超过1亿元（含）。回购价格不超过159.51元/股。回购的股份将在未来适宜 时机全部用于实施员工持股计划或股权激励。若公司未能在股份回购实施结果暨股份变动公告日后3年 内使用完毕已回购股份，尚未使用的已回购股份将予以注销。 ...

极米科技公告，拟以5000万元-1亿元回购公司股份，回购价格不超过159.51元/股。 ...

Market Overview - The black home appliance sector experienced a decline of 3.1% on February 2, with *ST Gauss leading the drop [1] - The Shanghai Composite Index closed at 4015.75, down 2.48%, while the Shenzhen Component Index closed at 13824.35, down 2.69% [1] Stock Performance - Notable declines in individual stocks include: - *ST Gauss: -4.97% closing at 11.27 with a trading volume of 5.04 million shares and a turnover of 57.28 million yuan [1] - Sichuan Changhong: -2.15% closing at 9.55 with a trading volume of 199.95 million shares and a turnover of 970 million yuan [1] - Zhaochi Co.: -4.02% closing at 9.30 with a trading volume of 121.57 million shares and a turnover of 1.15 billion yuan [1] Capital Flow - The black home appliance sector saw a net outflow of 307 million yuan from main funds, while retail funds had a net inflow of 210 million yuan [1] - Specific stock capital flows indicate: - *ST Gauss had a main fund net outflow of 13.84 million yuan, with retail inflow of 6.37 million yuan [2] - Hisense Visual had a main fund net inflow of 4.71 million yuan, but a retail outflow of 29.63 million yuan [2] - Sichuan Jiuzhou experienced a main fund net outflow of 5.95 million yuan, with a retail outflow of 2.34 million yuan [2]

Group 1 - The core viewpoint of the article highlights a significant decline in the sales of traditional large-screen televisions and projectors in China, indicating a shift in consumer preferences towards smaller screens and alternative entertainment formats [1][2][3][4][6][12] - In 2025, the domestic color TV market is projected to see a shipment volume of 32.895 million units, a year-on-year decline of 8.5%, marking the lowest level in nearly 16 years [1][3] - The projector market is also facing challenges, with an expected total sales volume of 5.203 million units in 2025, down 13.9% year-on-year, and a sales revenue of 8.36 billion yuan, a decrease of 16.5% [2][6] Group 2 - Domestic brands such as Hisense, TCL, Xiaomi, and Skyworth dominate the TV market, accounting for 77.8% of the market share, despite a 9.2% year-on-year decline in their combined shipment volume [3][4] - Foreign brands like Samsung, Sony, Philips, and Sharp have seen their combined shipment volume drop below 1 million units in 2025, leading to strategic shifts such as Panasonic's plan to sell its TV business [4][5] - The market concentration remains high, with the top 10 manufacturers accounting for 66.5% of total sales revenue, indicating that smaller brands may struggle to survive in the shrinking market [7] Group 3 - The rise of micro-short dramas and short videos has shifted consumer entertainment preferences, with the micro-short drama market expected to reach a value of 100 billion yuan in 2025, nearly double that of the national film box office [8][9][10] - The "girlfriend machine," a new category of mobile smart screens, has shown significant growth, with a 45.4% year-on-year increase in sales volume in the first half of 2025, suggesting a potential threat to traditional TVs and projectors [11][12] Group 4 - Predictions for 2026 indicate continued declines in both the TV and projector markets, with TV shipments expected to drop to 30.12 million units, a decrease of 8.4% year-on-year [13][14] - The upcoming 2026 World Cup may provide a temporary boost to large-screen usage, as past events have shown significant marketing success for Chinese brands [14][15] - Chinese TV brands are gaining ground in international markets, with a combined global market share of 31.3% for TCL, Hisense, and Xiaomi, surpassing South Korean competitors [16]

Investment Rating - The investment rating for the home appliance industry is "Positive" (maintained) [4] Core Insights - The rise of AI NAS, driven by Clawdbot, is expected to expand the demand for NAS, with Ugreen Technology likely to benefit significantly from this trend [5][14] - TCL Electronics is set to collaborate with Sony to take over Sony's television business, potentially allowing them to surpass Samsung and become the global leader in market share [22][23] - Stone Technology has launched new domestic floor cleaning robots, focusing on dual technology lines to enhance market penetration [25] - XGIMI continues to experience high growth overseas, with its new product Horizon 20 performing well in international markets [28] Summary by Sections AI NAS and Ugreen Technology - Clawdbot's popularity signifies a shift in AI applications towards local AI agents, creating a demand for edge hardware [8] - NAS is positioned as the optimal hardware for local AI agents due to its data centralization, low power consumption, and scalable computing power [11][12][13] - Ugreen Technology, as a leading consumer NAS provider in China, is expected to gain from the increased demand for local data platforms driven by AI agents [14][16] TCL Electronics and Sony Collaboration - TCL Electronics plans to establish a joint venture with Sony to manage Sony's home entertainment business, which could enhance their global market share [22] - This partnership is anticipated to leverage TCL's resources in panel production and Sony's brand strength to penetrate high-end markets [23] Stone Technology's Product Launch - Stone Technology has introduced two new high-end floor cleaning robots, targeting different market segments with innovative features [25] - The G30S Pro series and P20 Ultra are designed to address existing pain points in cleaning efficiency and user experience [25] XGIMI's Overseas Growth - XGIMI's Horizon 20 has shown strong sales performance in international markets, indicating successful product positioning and market strategy [28] - The company is expected to continue its growth trajectory as it challenges established competitors in the high-end projector market [28] Market Performance - The home appliance sector experienced a decline of 2.9% in the week of January 26 to January 30, 2026, underperforming against the Shanghai Composite Index [32][35] - Specific segments such as black appliances saw a significant drop of 7.2%, indicating varying performance across categories [32]

Investment Rating - The report maintains a recommendation for the home appliance industry, specifically for white goods, black goods, and two-wheeled vehicles [1]. Core Insights - The proportion of actively managed equity funds holding home appliance stocks has slightly increased, with a Q4 holding ratio of 3.14%, up by 0.04 percentage points from the previous quarter. The over-allocation ratio for home appliances is 0.74%, an increase of 0.15 percentage points [10][9]. - The report anticipates that the continuation of national subsidy policies in 2026 will support domestic sales, while leading home appliance companies are expected to accelerate penetration into emerging markets such as Europe, the Middle East, and Latin America, leading to steady growth in export revenues [10][9]. - The white goods sector has seen an increase in fund holdings, with a Q4 market value accounting for 1.58% of total fund holdings, up by 0.23 percentage points. The number of funds holding white goods stocks has increased by 79 [18][17]. - The report suggests that leading companies in the white goods sector, such as Midea Group, Gree Electric, and Haier Smart Home, are expected to benefit from stable performance and high dividend yields, making them attractive investment options [63][64][65]. Summary by Sections Home Appliance Sector - The report indicates a slight recovery in the proportion of actively managed equity funds holding home appliance stocks, with a Q4 holding ratio of 3.14% and an over-allocation ratio of 0.74% [10][9]. - The white goods sector has seen a recovery in fund holdings, with a market value of 1.58% of total fund holdings, and an increase in the number of funds holding these stocks [18][17]. - The black goods sector has also experienced a slight increase in fund holdings, with a market value of 0.22%, up by 0.03 percentage points [28][29]. - The two-wheeled vehicle sector has seen an increase in fund holdings, with a market value of 0.74%, up by 0.08 percentage points [32][35]. Investment Recommendations - For white goods, the report recommends Midea Group, Gree Electric, Haier Smart Home, and Hisense Home Appliances due to their strong performance and high dividend yields [63]. - In the black goods sector, companies like Hisense Visual and TCL Technology are highlighted for their technological leadership in the MiniLED field [63]. - For two-wheeled vehicles, the report suggests focusing on Ninebot, Aima Technology, and Yadea Holdings, as market demand is expected to concentrate on leading companies [63]. - In the kitchen small appliances sector, companies like Supor, Bear Electric, and Beiding Co. are recommended for their growth potential through brand expansion [63]. - The report also highlights electric tools companies such as Techtronic Industries and Greebo for their expected order growth due to rising market demand [63].

Market Overview - The black home appliance sector experienced a decline of 1.46% on January 30, with Sichuan Changhong leading the drop [1] - The Shanghai Composite Index closed at 4117.95, down 0.96%, while the Shenzhen Component Index closed at 14205.89, down 0.66% [1] Stock Performance - Notable stock performances in the black home appliance sector included: - Chenyiy Smart (301578) rose by 1.36% to close at 35.81 [1] - Hisense Visual (600060) increased by 0.93% to 24.86 [1] - Sichuan Changhong (600839) fell by 3.84% to 9.76, with a trading volume of 178.72 million shares [1] - The overall trading volume for the black home appliance sector was significant, with Sichuan Changhong contributing 1.76 billion yuan in transaction value [1] Capital Flow - The black home appliance sector saw a net outflow of 656 million yuan from institutional investors, while retail investors contributed a net inflow of 534 million yuan [1] - Detailed capital flow for specific stocks included: - Hisense Visual had a net inflow of 32.48 million yuan from institutional investors, but a net outflow of 31.61 million yuan from retail investors [2] - Sichuan Changhong experienced a significant net outflow of 414 million yuan from institutional investors, while retail investors contributed a net inflow of 36.91 million yuan [2]

证券之星消息，1月29日黑色家电板块较上一交易日下跌1.73%，兆驰股份领跌。当日上证指数报收于 4157.98，上涨0.16%。深证成指报收于14300.08，下跌0.3%。黑色家电板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入(元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 600060 | 海信视像 | = 455.35万 | 1.35% | -2229.57万 | -6.61% | 1774.22万 | 5.26% | | 688696 极米科技 | | 86.19万 | 0.75% | -115.50万 | -1.00% | 29.31万 | 0.25% | | 301578 辰奕智能 | | -16.87万 | -0.47% | 27.38万 | - 0.77% | -10.51万 | -0.30% | | 000801 四川九洲 | | -213.52万 | -0.93% | -780.62万 | -3.40% | 994.14万 ...