志邦家居：2025年归母净利润为1.7亿元到2.2亿元 1月21日，志邦家居发布2025年业绩预告。根据公告，志邦家居预计2025年度实现归属于母公司所有者的净利润1.7亿元到2.2亿元。预计2025年度实现归属 于上市公司股东的扣除非经常性损益的净利润1.1亿元到1.5亿元。 尚品宅配预计2025年净利润亏损2.5亿元至2亿元 尚品宅配公告，预计2025年度归母净利润亏损2.5亿元至2亿元，上年同期为亏损2.15亿元。受房地产市场持续低迷的传导拖累，家居行业整体需求端持续 承压。面对行业下行压力，公司主动出击、积极破局，在AI技术深化应用、门墙柜一体化布局、渠道结构优化升级、整装业务模式革新、海外布点加速 等关键领域持续发力，同时坚定不移推进降本增效与精细化费用管控，以一系列务实举措稳步积蓄发展动能。但受房地产行业下行态势的持续影响，公司 整体经营业绩承压，营业收入同比有所下滑；叠加部分成本具有刚性特征，毛利率面临一定压力，最终导致净利润仍然亏损。 | म् 目 | | 本报告期 | | 上年同期 | | --- | --- | --- | --- | --- | | 归属于上市公司 | -25,000 | ...

Core Viewpoint - Mars has announced a profit warning for 2025, expecting a net loss of 270 million to 370 million yuan, marking its first annual loss since its listing in 2020, indicating a challenging period for the company and the integrated stove industry as a whole [1][3][4] Group 1: Company Performance - Mars experienced a continuous decline in performance since its peak in 2021, where it recorded a revenue of 2.319 billion yuan, a year-on-year increase of 43.65%, and a net profit of 376 million yuan, a year-on-year increase of 36.53% [4][5] - From 2022 to 2024, Mars's revenue shrank from 2.277 billion yuan to 1.376 billion yuan, a nearly 40% decrease, while net profit plummeted from 315 million yuan to 11.15 million yuan, with a 95.49% year-on-year decline in 2024 [5][6] - In the first three quarters of 2025, Mars recorded a net loss of 218 million yuan and revenue dropped to 577 million yuan, setting the stage for the anticipated annual loss [5][6] Group 2: Market Impact - Mars's stock price has been on a downward trend for over four years, closing at 11.46 yuan per share on February 2, 2025, down 85.58% from its peak of 79.50 yuan [6][17] - Despite the declining stock price, the controlling shareholder reduced holdings, with a total of 5.293 million shares sold, amounting to approximately 64.79 million yuan [6][17] Group 3: Industry Context - The challenges faced by Mars reflect a broader downturn in the integrated stove industry, with competitors like Shuaifeng Electric, Yitian Intelligent, and Zhejiang Meida also forecasting losses for 2025 [10][19] - Industry data shows a significant decline in sales, with online sales revenue down 43.39% and offline sales revenue down 33.98% in 2025, indicating a severe market contraction [11][20] - The industry's struggles are attributed to multiple factors, including a downturn in the real estate market, consumer downgrade trends, and intensified competition, leading to a deep adjustment period for the sector [10][19][20] Group 4: Strategic Adjustments - In response to the downturn, companies, including Mars, are exploring diversification strategies, such as entering new business areas like smart driving and artificial intelligence, although these initiatives are still in their early stages and have not yet generated significant revenue [12][21] - Mars's marketing strategies have faced criticism, including a controversial advertisement that was perceived as "selling anxiety," which negatively impacted the brand's image [8][18]

北京金杜（杭州）律师事务所 关于浙江亿田智能厨电股份有限公司 2026 年第一次临时股东会 之法律意见书 致：浙江亿田智能厨电股份有限公司 为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限于： 1.经公司 2025 年第五次临时股东大会审议通过的《公司章程》； 2.公司 2026 年 1 月 16 日刊登于巨潮资讯网及深圳证券交易所网站的《浙江 亿田智能厨电股份有限公司第三届董事会第二十七次会议决议公告》； 3.公司 2026 年 1 月 16 日刊登于巨潮资讯网及深圳证券交易所网站的《浙江 亿田智能厨电股份有限公司关于召开 2026 年第一次临时股东会的通知公告》（以 下简称《股东会通知》）； 4.公司本次股东会股权登记日的股东名册； 5.出席现场会议的股东的到会登记记录及凭证资料； 6.深圳证券信息有限公司提供的本次股东会网络投票情况的统计结果； 7.公司本次股东会议案及涉及相关议案内容的公告等文件； 8.其他会议文件。 公司已向本所保证，公司已向本所披露一切足以影响本法律意见书出具的事 实并提供了本所为出具本法律意见书所要求公司提供的原始书面材料、副本材料、 复印材料、承诺函或证明，并无 ...

浙江亿田智能厨电股份有限公司 2026 年第一次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示 证券代码：300911 证券简称：亿田智能 公告编号：2026-008 债券代码：123235 债券简称：亿田转债 1、 本次股东会不存在否决议案的情形。 2、 本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 1、召开时间： （1）现场会议：2026 年 2 月 2 日（星期一）14:00 （2）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具体时 间：2026 年 2 月 2 日上午 9:15-9:25，9:30-11:30 和 13:00-15:00；通过深圳证券 交易所互联网系统投票的具体时间为：2026 年 2 月 2 日上午 9:15 至下午 15:00 的任意时间。 2、召开地点：浙江省绍兴市嵊州市浦口街道浙锻路 68 号公司会议室 3、召开方式：现场表决结合网络投票 4、召集人：公司董事会 5、主持人：公司董事长孙伟勇先生 6、本次会议的召集、召开符合《中华人民共和国公司法》《上市公司股东 会 ...

浙江亿田智能厨电股份有限公司章程 浙江亿田智能厨电股份有限公司 章 程 二〇二六年二月 | | | 浙江亿田智能厨电股份有限公司章程 第一章 总则 第一条 为维护浙江亿田智能厨电股份有限公司（以下简称"公司"、"本 公司"）、股东、职工和债权人的合法权益，规范公司的组织和行为，根据《中 华人民共和国公司法》（以下简称《公司法》）、《中华人民共和国证券法》（以 下简称《证券法》）和其他有关规定，制定本章程。 第二条 公司系依照《公司法》和其他有关规定成立的股份有限公司。 公司由浙江亿田电器有限公司依法整体变更设立。公司在浙江省市场监督管 理局注册登记，取得营业执照，统一社会信用代码：91330683768696455K。 第三条 公司于 2020 年 9 月 28 日经中国证券监督管理委员会（以下简称 中国证监会）同意注册，首次向社会公众发行人民币普通股 26,666,700 股，于 2020 年 12 月 3 日在深圳证券交易所创业板上市。 第四条 公司注册名称：浙江亿田智能厨电股份有限公司 第九条 法定代表人以公司名义从事的民事活动，其法律后果由公司承受。 本章程或者股东会对法定代表人职权的限制，不得对抗善 ...

Market Overview - The kitchen and bathroom appliance sector experienced a decline of 2.77% on February 2, with Wanhe Electric 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 - The following stocks in the kitchen and bathroom appliance sector showed notable price changes: - Yitian Intelligent: Closed at 33.53, down 0.68% with a trading volume of 26,500 shares and a turnover of 89.97 million yuan [1] - Zhejiang Meida: Closed at 8.91, down 0.89% with a trading volume of 110,900 shares and a turnover of 98.60 million yuan [1] - Rishidongfang: Closed at 9.57, down 0.93% with a trading volume of 227,700 shares and a turnover of 220 million yuan [1] - Huati Co.: Closed at 6.20, down 1.59% with a trading volume of 115,500 shares and a turnover of 72.37 million yuan [1] - Wanhe Electric: Closed at 9.04, down 9.96% with a trading volume of 218,200 shares and a turnover of 201 million yuan [1] Capital Flow - The kitchen and bathroom appliance sector saw a net inflow of 2.14 million yuan from institutional investors, while retail investors experienced a net outflow of 11.79 million yuan [1] - The capital flow for individual stocks is as follows: - Boss Electric: Net inflow of 11.70 million yuan from institutional investors, with a net outflow of 20.41 million yuan from retail investors [2] - Yitian Intelligent: Net inflow of 9.23 million yuan from institutional investors, with a net outflow of 2.75 million yuan from retail investors [2] - Wanhe Electric: Net outflow of 17.06 million yuan from institutional investors, with a net inflow of 13.71 million yuan from retail investors [2]

被迫卷进价格战，集成灶卖不动了 如果只看2025年给出的业绩报告，可能会误以为帅丰电器是在这一年突然出现危机，但对比前两年的营业状况看，集成灶的跌势已经非常明显。据帅丰电器 官方公开的报告，公司2022年营收约9.46亿元，2023年约8.31亿元，虽然出现了下跌的情况，但也还算是正常的波动。而到了2024年营收掉到约4.30亿元， 同比下滑48.29%，净利润也从2023年的约1.90亿元掉到6030万元，这样的断崖式下跌，已经很能说明问题了。 谁也没想到，曾经被视作"厨房升级标配"的集成灶，会在2025年迎来自己的至暗时刻。 近日，集成灶龙头企业帅丰电器发布业绩预告，预计全年归母净利润亏损4300万元至6200万元，在扣除无关收入后的主营业务收入仅2亿元至2.4亿元。作为 集成灶行业的龙头企业之一，帅丰电器也曾站在行业高光时刻、被资本寄予厚望，如今却不得不面对即将退市的现实。 （图源：帅丰电器） 更令人感到不安的是，并非只有帅丰电器一家集成灶企业面临困境。从浙江美大到亿田智能，多家集成灶上市公司业绩下跌，整个行业零售规模连续下滑， 曾经被视为厨电领域"黑马"的品类，正在经历一场大劫难。但这也令人好奇，为何 ...

Core Viewpoint - Shuaifeng Electric's performance continues to decline, leading to a potential *ST warning due to financial losses in 2025, with revenue expected to fall below 300 million yuan [1][2] Group 1: Financial Performance - The company anticipates a total profit of -57 million to -38 million yuan for 2025, with a net profit attributable to shareholders expected to be -62 million to -43 million yuan [1] - Revenue is projected to be between 210 million to 250 million yuan, with core business revenue expected to be 200 million to 240 million yuan, indicating a significant drop below the 300 million yuan threshold [1][2] Group 2: Industry Context - The integrated stove industry, which Shuaifeng Electric operates in, is experiencing a downturn, with retail sales expected to decline from 25.6 billion yuan in 2021 to 17.3 billion yuan in 2024, a decrease of 30.6% [6] - The market for integrated stoves is closely tied to the real estate cycle, with new housing sales in China declining by 3.5% in 2023 and 2024, impacting kitchen appliance sales [5][6] Group 3: Competitive Landscape - The company's gross margin has significantly decreased from approximately 45% to 32.48% in recent quarters, indicating potential involvement in price wars amid declining sales [8] - Competitors in the integrated stove market, such as Yitian Intelligent, are also reporting substantial losses, with net profits expected to decline by over 800% year-on-year [10] Group 4: Strategic Moves - In response to its core business struggles, Shuaifeng Electric is diversifying through cross-industry investments, including a 53 million yuan investment in a venture capital fund focused on digital technology [12] - The investment in the fund represents 50.08% of the fund's total size and is aimed at generating financial returns, although it is noted that the company will have minimal control over the target company [12][13]

Core Viewpoint - The kitchen and bathroom appliance sector experienced a 2.18% increase on January 29, with Boss Electric leading the gains, while the overall market showed mixed results with the Shanghai Composite Index rising by 0.16% and the Shenzhen Component Index falling by 0.3% [1] Group 1: Market Performance - The closing price of Boss Electric was 21.51, reflecting a 7.07% increase, with a trading volume of 229,400 shares and a transaction value of 482 million yuan [1] - Other notable performers included Vatti Corporation with a 2.09% increase, Aupu Technology with a 1.72% increase, and Shuaifu Electric with a 1.47% increase [1] - The overall kitchen and bathroom appliance sector saw a net outflow of 30.67 million yuan from main funds, while retail investors contributed a net inflow of 32.48 million yuan [1] Group 2: Fund Flow Analysis - Boss Electric had a main fund net inflow of 19.57 million yuan, but retail investors showed a net outflow of 16.25 million yuan [2] - Vatti Corporation experienced a main fund net inflow of 3.44 million yuan, while retail investors had a net inflow of 0.97 million yuan [2] - Zhejiang Meida saw a main fund net inflow of 3.00 million yuan, with retail investors contributing a net outflow of 9.26 million yuan [2]

亿田智能（300911.SZ）1月29日在投资者互动平台表示，目前庆阳智算中心可以提供算力服务，客户主 要有无问芯穹等公司，详情参见2024-069号公告；公司业务布局及战略规划已在最新一期定期报告中详 细披露，建议您查阅管理层讨论与分析章节以获取全面信息。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：请问庆阳智算中心是否已经提供服务？ 每经AI快讯，有投资者在投资者互动平台提问：请问庆阳智算中心是否已经提供服务？ 亿田智能（300911.SZ）1月29日在投资者互动平台表示，目前庆阳智算中心可以提供算力服务，客户主 要有无问芯穹等公司，详情参见2024-069号公告；公司业务布局及战略规划已在最新一期定期报告中详 细披露，建议您查阅管理层讨论与分析章节以获取全面信息。 （文章来源：每日经济新闻） ...