Investment Rating - The report does not explicitly provide an investment rating for the portable fan industry Core Insights - The portable fan industry is characterized by "low technology, high iteration, and strong scenarios," with future competition focusing on product innovation and user experience enhancement, while environmental and smart technologies may become differentiation breakthroughs [5] - The market for portable fans shows significant seasonality, with summer being the peak sales season; the consumer demographic is becoming younger, with students, office workers, and outdoor enthusiasts as core users [5] - By 2025, upgrades in portable fans will focus on enhanced battery life, optimized airflow, smart interactions, and multifunctional integration, with a greater emphasis on environmental sustainability and personalized needs [5] Summary by Sections Section 1: Market Segmentation and Characteristics - Portable fans are small handheld or desktop devices powered by batteries or USB, designed for personal cooling in various settings, with types including handheld, desktop, neck-hanging, and foldable fans [2] - Handheld fans are compact, typically measuring 15-25 cm and weighing 100-300 grams, with a battery life of 2-8 hours [2] - Desktop fans are more stable, ranging from 20-35 cm in height and weighing 300-800 grams, often featuring multiple speed settings and longer battery life [2] - Neck-hanging fans are designed for safety and convenience, weighing 150-300 grams with a battery life of 3-6 hours [2] - Foldable fans are portable and easy to store, with varying shapes and sizes [2] Section 2: Export Market Overview - The global demand for portable fans is growing, providing significant opportunities for Chinese brands in the export market [6] - In 2024, China's fan export volume is projected to reach 61,396 million units, with a year-on-year growth of 42.8%, and portable fan exports are expected to increase significantly [6] - The portable fan market is driven by consumer demand for convenience and practicality, with a notable increase in the export volume of portable fans [6] Section 3: Sales Channels - Online sales channels include major cross-border e-commerce platforms such as Amazon, Shopee, and eBay, which are crucial for reaching international markets [10] - Some brands have established independent websites to enhance direct consumer engagement and brand experience [10] - Partnerships with large retail chains like Target and Walmart, as well as presence in global supermarkets and airport duty-free shops, are important for offline sales [10] Section 4: Competitive Landscape - Emerging tech brands like Jisu Technology and ColdSky are leading the market with strong innovation capabilities and stylish designs [11] - Traditional appliance brands such as Haier and Gree leverage their established reputation and extensive sales networks to compete effectively [13] - Cross-border e-commerce brands focus on high cost-performance ratios and quick adaptation to market demands, utilizing their operational experience on e-commerce platforms [14]

便携式小风扇行业简报 | 2025/04 www.leadleo.com 报告标签：风扇、便携式小风扇、出海、新兴科技品牌、传统家电 报告提供的任何内容（包括但不限于数据、文字、图表、图像等）均系头豹研究院独有的高度机密性文件（在报告中另行标明出处者除外）。未经头豹 研究院事先书面许可，任何人不得以任何方式擅自复制、再造、传播、出版、引用、改编、汇编本报告内容，若有违反上述约定的行为发生，头豹研究 院保留采取法律措施、追究相关人员责任的权利。头豹研究院开展的所有商业活动均使用"头豹研究院"或"头豹"的商号、商标，头豹研究院无任何前述名 称之外的其他分支机构，也未授权或聘用其他任何第三方代表头豹研究院开展商业活动。 1 头豹调研简报 | 2025/04 便携式小风扇行业 Q1：中国便携式小风扇行业有哪些细分领域和特征？ ◼ 便携式小风扇是一种以电池或USB供电的小型手持/桌面式送风设备，具有轻便、易携带、低功耗等特点，主要用于个人 在户外或室内场景下的局部降温。其核心功能是提供定向气流，体积通常小于传统风扇，适合随身使用。按照使用形态 可分为手持小风扇、桌面小风扇、挂脖小风扇、折叠小风扇等。 图表1：便携式小风 ...

目前，公司已形成环境光/接近检测、光学追踪传感等完整的光传感产品布局，产品商业化进程显著提 速。值得关注的是，公司产品矩阵正加速向AIoT(人工智能物联网)生态延伸，在AR/VR设备等消费电子 领域保持领先优势的同时，积极卡位运动相机、扫地机器人等智能家居市场，并前瞻性布局低空经济等 新兴赛道，打造多维增长引擎。 美芯晟表示，公司光学传感器领域随着多款新品推出，进入市场推广和批量交付阶段，预计收入将快速 增长。公司对2025年的业绩持乐观态度，光学传感器产品线成为业绩增长新动力。 美芯晟2025年一季报验证战略前瞻性，逆周期增长彰显经营韧性。公司2025年第一季度实现营业收入为 1.25亿元，与上年同期相比，增加3047万元，同比增加32.18%。2025年第一季度实现归属于母公司所有 者的净利润为367.11万元，与上年同期相比，增加1693.5万元，实现扭亏为盈。本期公司的毛利率为 38%，同比增长约16个百分点。 5月21日，美芯晟科技(北京)股份有限公司(以下简称"美芯晟")在投资者互动平台表示，作为光学传感器 领域的深耕者，公司已构建涵盖环境光/接近检测、光学追踪传感、激光飞行时间测距(DToF)等 ...

证券代码：002970 证券简称：锐明技术 深圳市锐明技术股份有限公司 投资者关系活动记录表 编号：2025-003 | | □分析师会议 □特定对象调研 | | --- | --- | | 投资者关系 | □媒体采访 ☑业绩说明会 | | 活动类别 | □路演活动 □新闻发布会 | | | □现场参观 □反路演 | | | □其他（线上会议） | | 参与单位名 | 参加深圳证券交易所"智脑赋能·逐梦新蓝海"主题集体业绩说明会的全体投 | | 称 | 资者 | | 时间 | 2025 年 5 月 21 日 | | 地点 | 深圳证券交易所； | | | 深交所互动易"云访谈"栏目（http://irm.cninfo.com.cn） | | 上市公司接 待人员姓名 | 董事兼总经理：望西淀 独立董事：向怀坤 | | | 董事会秘书：张炯 | | | 财务负责人：刘必发 | | | 公司于 2025 年 5 月 21 日 15:00—17:00 参加由深圳证券交易所组织召开的以 | | | "智脑赋能·逐梦新蓝海"为主题的集体业绩说明会活动，董事兼总经理望西 | | | 淀先生对公司基本情况及 年度经营情况进行 ...

公司研究 证 券 研 究 报 告 资料来源：公司公告，华创证券预测 金域医学（603882）2024 年报&2025 年一季报点评 推荐（维持） 短期业绩承压，运营效率持续提升 目标价：41 元 事项： 公司发布 24 年报及 25 年一季报，24 年，公司实现营收 71.90 亿元（-15.81%）， 归母净利润-3.81 亿元（23 年同期为 6.43 亿元），扣非归母净利润-2.38 亿元（23 年同期为 3.65 亿元）。25Q1，公司实现营收 14.67 亿元（-20.35%），归母净利 润-0.28 亿元（24 年同期为-0.19 亿元），扣非归母净利润-0.39 亿元（24 年同期 为-0.29 亿元）。 评论： [ReportFinancialIndex] 主要财务指标 | | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | | 营业总收入(百万) | 7,190 | 7,211 | 7,891 | 8,719 | | 同比增速(%) | -15.8% | 0.3% | 9.4% | 10.5% | | 归母净利润 ...

广东利扬芯片测试股份有限公司 （广东省东莞市万江街道莫屋新丰东二路 2 号） 会议资料 股票简称：利扬芯片 股票代码：688135 二零二五年五月三十日 广东利扬芯片测试股份有限公司 2024 年年度股东大会会议资料 目 录 议案九：《关于 2025 年度公司及子公司申请综合授信额度并提供担保的议案》15 议案十：《关于提请股东大会授权董事会办理以简易程序向特定对象发行股票的 广东利扬芯片测试股份有限公司 2024 年年度股东大会会议资料 广东利扬芯片测试股份有限公司 为维护全体股东的合法权益，确保股东大会会议秩序和议事效率，保证股东 大会的顺利召开，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》"）中国证监会《上市公司 股东大会规则》以及《广东利扬芯片测试股份有限公司章程》（以下简称"《公 司章程》"）和《广东利扬芯片测试股份有限公司股东大会议事规则》等有关规 定，特制定本次广东利扬芯片测试股份有限公司（以下简称"公司"）股东大会 会议须知： 一、为确认出席大会的股东或其代理人或其他出席者的出席资格，会议工作 人员将对出席会议者的身份进行必要的核对工作 ...

Group 1 - Hangzhou is focusing on major projects and enterprises to stimulate economic growth, with 169 provincial "thousand projects, trillion" projects completing an investment of 21.2 billion yuan in Q1 [2] - The city achieved an 86% commencement rate for new projects, exceeding the quarterly targets of 50% and 80% for Q1 and Q2 respectively, ranking first in the province [2] - Major projects are being launched to enhance the city's economic development, showcasing a commitment to high-quality growth [2] Group 2 - The "Pingjiu Dual-use" East Suburb Warehousing and Distribution Center project has a total investment of approximately 1.2 billion yuan and is expected to be completed by 2026, with 53% of construction progress achieved [3] - Several significant industrial projects, including the headquarters of Xinjian Transmission and the advanced testing base for semiconductor integrated circuits, are underway, contributing to the city's economic momentum [3] Group 3 - In Q1, 27 projects with a total investment of 29.05 billion yuan were launched, with an annual planned investment of 4.14 billion yuan [4] - The projects include the South Lake Technology Achievement Transformation project and the Zhejiang Intelligent Perception Technology Innovation Center, reflecting strong leadership in project execution [5] Group 4 - The city is enhancing project approval efficiency, achieving an 85% improvement in approval speed and a 60% acceleration in project advancement through streamlined processes [6] - The Global New Materials Asia-Pacific Headquarters project received its construction permit in just 22 days, demonstrating the city's commitment to efficient project facilitation [6] Group 5 - The Yuko Tire Intelligent Factory project was initiated within six months, while the Muxing Technology UAV project received all necessary permits in just 12 working days, showcasing improved government service quality [7] - In Q1, project investment grew by 5.7%, with infrastructure investment increasing by 6.7%, indicating a robust investment climate [7]

4月中旬，卓翼科技（002369）（002369.SZ，股价9.5元，市值53.86亿元）的一纸公告引发市场关注。公告称，控股股东、实际控制人夏传武因犯操纵证券 市场罪、内幕交易罪，被深圳市中级人民法院一审判处有期徒刑七年，并处罚金4500万元。这一事件为这家"华为概念股""小米供应链"公司蒙上了一层阴 影。 虽然夏传武早已不在公司任职，但夏传武将被变价、拍卖、变卖的公司股份占其所持公司股份数量的比例为97.84%（占公司股份总数的12.48%），且本次 变价、拍卖、变卖公司股份可能导致公司实际控制人发生变化。 事实上，2020年—2024年，卓翼科技一直处于亏损状态，5年合计亏损超过15亿元。员工规模由2020年底的超1.5万人锐减至2024年底的不足3600人。 为进一步了解卓翼科技的经营情况，近日，《每日经济新闻》记者分别走访了公司位于深圳市南山区创新大厦的注册地址，以及公司位于广东省河源市的核 心生产基地——卓翼科技（河源）有限公司（以下简称河源卓翼），试图了解这家代工厂的盈利难题。 连亏五年，毛利率低至2.27% 作为国内大型3C产品和智能硬件产品的方案提供商，卓翼科技主业为网络通讯、消费电子，以及 ...

Group 1: Business Performance and Financials - In Q1 2025, the company achieved revenue of 2,077.32 million yuan, a year-on-year increase of 18.11% [7] - The net profit attributable to shareholders in Q1 2025 was 169.21 million yuan, up 4.29% year-on-year [7] - Total assets as of March 31, 2025, reached 9,996.56 million yuan, reflecting a growth of 36.85% since the beginning of the year [7] Group 2: Strategic Initiatives and Market Position - The company plans to enhance its position in the AI and AGI sectors by increasing its investment in computing power services and cloud services [2] - The company has established a comprehensive platform for service robots, including advanced manufacturing capabilities such as robotic dogs and humanoid robots [2][4] - The company has obtained NVIDIA CLOUD PARTNER certification, indicating its capability in AI computing rental and cloud services [3] Group 3: Research and Development - R&D expenses have increased by 53.84%, with an expected revenue generation timeline of approximately 18 months from the start of investment [2] - The company is focusing on innovation and talent development, with increased investments in R&D and employee compensation [7] Group 4: Market Demand and Competition - The company is actively engaged in the computing power rental market, with a stable pricing strategy aimed at high-quality clients [8] - The expected return on investment for computing power rental services is reported to be between 28% and 35% [8] Group 5: Product Development and Future Outlook - The FCloud intelligent training platform was launched on January 24, 2025, and is expected to generate revenue in the future [9] - The company’s IoT smart terminal products achieved revenue of 2.259 billion yuan in 2024, marking a 60.82% year-on-year growth [9]

事件：近日，公司发布2024 年年度报告：2024 年实现营业收入71.90亿元，同比下降15.81%，我们认为 系DRG 落地和行业整顿的影响；归母净利润-3.81 亿元，同比下降159.26%；扣非归母净利润-2.38 亿 元，同比下降165.28%，主要系规模效益减弱叠加资产处置、信用减值的影响。其中，2024 年第四季度 营业收入15.71 亿元，同比下降29.57%；归母净利润-4.75 亿元，同比下降805.23%；扣非归母净利 润-3.16 亿元，同比下降1536.44%。 同日，公司发布2025 年第一季度报告：2025 年一季度实现营业收入14.67 亿元，同比下降20.35%；归 母净利润-0.28 亿元，同比下降49.09%；扣非归母净利润-0.39 亿元，同比下降32.11%。 全面提质增效，持续强化医检业务成本优势 公司紧抓提质增效工作，通过全流程精益化管控与AIoT（智能物联网）技术深度融合，进一步构建成 本优势，实验室人效同比提升了21%。 优化整合物流线路，物流费用同比下降7.29%。集成供应链管理，实现生产成本的有效节约和控制，试 剂成本同比下降15.54%。持续推进重点数智 ...