Core Viewpoint - Hanwei Technology has shown significant stock performance with a year-to-date increase of 149.34%, despite a recent decline over the past 60 days [1] Group 1: Stock Performance - As of December 29, Hanwei Technology's stock price reached 50.89 CNY per share, with a market capitalization of 16.664 billion CNY [1] - The stock has experienced a net inflow of 11.8843 million CNY from major funds, with large orders accounting for 26.03% of total buy orders [1] - The stock has been on the "龙虎榜" (a list of stocks with significant trading activity) five times this year, with the latest occurrence on September 16, where it saw a net buy of 374 million CNY [1] Group 2: Company Overview - Hanwei Technology, established on September 11, 1998, and listed on October 30, 2009, specializes in gas sensors, gas detection instruments, and environmental monitoring solutions [2] - The company's revenue composition includes smart instruments (40.56%), integrated solutions (26.75%), sensors (15.95%), public utilities (15.28%), and others (1.47%) [2] - As of September 30, 2025, the company reported a revenue of 1.702 billion CNY, reflecting a year-on-year growth of 8.44%, and a net profit of 84.843 million CNY, up 6.33% year-on-year [2] Group 3: Dividend Information - Hanwei Technology has distributed a total of 239 million CNY in dividends since its A-share listing, with 94.8185 million CNY distributed over the past three years [3] Group 4: Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders include various funds, with notable changes in holdings among major shareholders [4] - Penghua Carbon Neutral Theme Mixed Fund is the third-largest shareholder, having reduced its holdings by 3.4046 million shares [4] - New institutional investors include E Fund National Robot Industry ETF and others, indicating a shift in shareholder composition [4]

Core Viewpoint - The opening of the Anhui Home Outlet Mall by Baowan International marks a significant milestone in enhancing the regional economy and providing a new shopping experience for consumers in the area [5][7]. Group 1: Economic Impact and Development - The Anhui Home Outlet Mall fills a gap in the high-end home furnishing market in the region, contributing to economic transformation and job creation [5]. - Baowan International has developed a commercial ecosystem over 13 years, attracting over 2,000 businesses and generating hundreds of billions in transaction volume and tens of billions in tax revenue [7]. - The mall is positioned as a new commercial landmark in the region, aiming to integrate trade and supply chain services [7]. Group 2: Innovative Retail Model - The mall features a differentiated positioning with a "brand outlet + theme pavilion" model, breaking the homogenization of traditional retail spaces [9]. - It provides a platform for various brands to showcase their products effectively, enhancing consumer access to quality home goods [9]. - The mall's design includes a mix of international lighting brands and a comprehensive smart home appliance experience center, catering to modern consumer needs [17][13]. Group 3: Future Prospects - Baowan International plans to leverage the outlet mall as an innovation base to explore market opportunities in smart home solutions and home renovations [21]. - The company aims to build industry alliances and enhance service offerings to drive traditional industry upgrades and improve consumer experiences [21].

Group 1 - The company, Ultrasonic Electronics, has indicated that its printed circuit board products are utilized in various fields including smart driving, smart home, drones, and mobile internet communications [2]

来源：雷递 雷递网 雷建平 12月26日 北京石头世纪科技股份有限公司（证券代码：688169 证券简称：石头科技）日前获IPO备案，准备发行 不超过 33，108，000 股境外上市普通股并在香港联合交易所上市。 | | | 截至12月31日止年度 | | | | | --- | --- | --- | --- | --- | --- | | | 2022年 | 2023年 | | 2024年 | | | | 人民幣千元 % | 人民幣千元 | | % 人民幣千元 | ુક | | 智能掃地機器人及 | | | | | | | 相關配件 | 6.346.115 96.0 | 8.085.370 | 93.6 | 10.848.345 | 91.0 | | 其他智能家居 | | | | | | | 清潔產品 ... | 264,621 4.0 | 554.111 | 6.4 | 1.070.128 | 9.0 | | 收入總額 .. | 6,610,736 100.0 | 8,639,481 | 100.0 | 11,918,473 | 100.0 | 截至今日收盘，石头科技股价为154元，市值为399亿元。 ...

房地产及建材行业 房地产-标配（维持） 建材材料-标配（维持） 2025 年 12 月 26 日 双 周 分析师：何敏仪 S0340513040001 电话：0769-22177163 邮箱：hmy@dgzq.com.cn 资料来源：iFind，东莞证券研究所 证 券 研 究 报 告 资料来源：iFind，东莞证券研究所 房地产及建材行业双周报（2025/12/12-2025/12/25） 行 业 北京楼市新政发布 新一轮稳地产政策落地预期提升 投资要点： 消费建材：绿色建材被纳入《关于增强消费品供需适配性进一步促进消 费的实施方案》重点支持领域，2027年目标培育3个万亿级消费领域， 智能家居、旧房翻新等场景获政策倾斜。与此同时，二手房成交有所回 暖，存量房翻新需求增长，均利好消费建材需求提升。2025年以来，随 着"反内卷"政策的逐步落地，防水、涂料、管材等品类陆续启动价格 上调，虽落地节奏待观察，但行业价格战明显缓和。Q3行业盈利整体修 复，龙头公司收入利润率先改善。预计龙头企业将继续通过优化渠道、 产品结构升级、拓展C端及零售业务，积极出海等，提升经营质量与市 场份额，实现业绩进一步修复。建议关注：北 ...

Core Viewpoint - The company, Shenzhen Lianyu Optoelectronics Co., Ltd., is experiencing significant growth in its stock performance and is actively expanding its product offerings in smart lighting and charging solutions, benefiting from the depreciation of the RMB and international market opportunities. Group 1: Company Developments - On December 26, Lianyu shares hit the daily limit with a trading volume of 95.86 million yuan and a turnover rate of 8.66%, resulting in a total market capitalization of 3.393 billion yuan [1] - The company is advancing in the smart lighting sector by developing new technologies for intelligent control circuits that adapt to plant self-control spectra and wireless networking, enhancing product intelligence and connectivity [2][3] - Lianyu has obtained a U.S. invention patent for its self-developed standardized interface technology for LED lamps, allowing for the integration of various smart sensors and enabling remote and automated control [2][3] Group 2: Financial Performance - For the first nine months of 2025, Lianyu reported a revenue of 1.155 billion yuan, reflecting a year-on-year growth of 1.03%, while the net profit attributable to shareholders decreased by 79.23% to 19.5341 million yuan [10] - The company's overseas revenue accounted for 95.62% of total revenue, benefiting from the depreciation of the RMB [4] - As of September 30, 2025, the number of shareholders decreased by 20.62% to 6,765, while the average circulating shares per person increased by 25.97% to 3,562 shares [10] Group 3: Market Position and Strategy - Lianyu is actively establishing production bases in Vietnam and Mexico to enhance its manufacturing capabilities and market reach [5] - The company is also focusing on the development of charging piles and energy storage solutions through its wholly-owned subsidiary, Shenzhen Haibo, which has already generated revenue from these products [3] - The average trading cost of the stock is 45.83 yuan, with the current price near a support level of 44.99 yuan, indicating potential volatility in the near term [8]

来源：新浪证券-红岸工作室 4、浙江万得凯流体设备科技股份有限公司主营业务为水暖器材、阀门、管件、建筑金属配件、智能家 居及环保节能控制系统等相关产品的研发、制造、销售与服务。 5、2024年7月3日互动易：公司3D打印业务主要是为航天航空客户提供非金属打印产品，目前尚处于研 发送样阶段，还未产生实质性销售。 (免责声明：分析内容来源于互联网，不构成投资建议，请投资者根据不同行情独立判断) 资金分析 12月26日，万得凯跌1.26%，成交额1419.22万元，换手率1.95%，总市值28.42亿元。 异动分析 共同富裕示范区+人民币贬值受益+专精特新+智能家居+3D打印 1、公司位于浙江省台州市玉环市龙溪镇东港村渔业，从事水暖器材的设计、开发、生产、销售。 2、根据2024年年报，公司海外营收占比为82.39%，受益于人民币贬值。 3、专精特新"小巨人"企业是全国中小企业评定工作中最高等级、最具权威的荣誉称号，是指专注于细 分市场、创新能力强、市场占有率高、掌握关键核心技术、质量效益优的排头兵企业，对于提升中小企 业自身的竞争力，以及提升产业链、供应链稳定性和竞争力具有重大意义。公司已入选工信部国家级专 精特 ...

Core Insights - The article highlights the transformation of the Chinese bathroom industry from imitation to innovation, emphasizing the integration of AI technology in smart home solutions, particularly in the bathroom sector [1][3][10] Group 1: Industry Trends - The Chinese smart home market is projected to ship 281 million units by 2025, reflecting a year-on-year growth of 7.8% [3] - The collaboration between Arrow Home and Hongmeng Smart Selection signifies a shift in the smart home competition from product functionality to ecosystem collaboration [1][2][10] - The industry is moving towards high-quality development, focusing on smart, healthy, and green home solutions, driven by government policies [2][3] Group 2: Company Collaboration - Arrow Home has become the first ecological partner in the bathroom industry for Hongmeng Smart Selection, indicating a strategic alliance aimed at enhancing user experience through integrated technology [4][6] - The partnership aims to combine Arrow's manufacturing expertise with Hongmeng's open technology ecosystem, facilitating a seamless user experience in smart bathrooms [1][6][10] - The "Smart Rain Spirit" series of shower products exemplifies this collaboration, offering features like remote temperature control and integration with other smart devices [6][8] Group 3: Consumer Experience - Current smart bathroom products often lack integration, leading to a fragmented user experience where multiple devices require manual operation [5][9] - The collaboration aims to redefine the bathroom space as a holistic environment for relaxation and health, moving beyond mere functionality [8][13] - The focus is on creating a seamless, user-friendly experience that prioritizes comfort and convenience, addressing the pain points of existing smart products [9][13] Group 4: Future Outlook - The future of competition in the smart home industry will hinge on the ability to provide complete scene solutions rather than isolated product features [11][13] - Arrow Home's approach combines professional manufacturing with ecosystem collaboration, positioning the company to thrive in a scenario-driven market [13][14] - The evolution of the home as a nurturing space emphasizes the importance of smart technology in enhancing emotional well-being and comfort [11][14]

好太太所属申万行业为：轻工制造-家居用品-成品家居。所属概念板块包括：阿里概念、人工智能、小 盘、C2M概念、智能家居等。 12月26日，好太太盘中下跌2.10%，截至14:24，报18.22元/股，成交3823.99万元，换手率0.51%，总市 值73.32亿元。 资金流向方面，主力资金净流出180.39万元，特大单买入0.00元，占比0.00%，卖出344.72万元，占比 9.01%；大单买入402.61万元，占比10.53%，卖出238.28万元，占比6.23%。 好太太今年以来股价涨12.05%，近5个交易日跌3.55%，近20日跌7.47%，近60日跌13.07%。 今年以来好太太已经5次登上龙虎榜，最近一次登上龙虎榜为9月29日，当日龙虎榜净买入-3411.35万 元；买入总计2809.77万元 ，占总成交额比11.84%；卖出总计6221.12万元 ，占总成交额比26.21%。 资料显示，广东好太太科技集团股份有限公司位于广东省广州市番禺区化龙镇石化路21号之一,之二,广 州市番禺区化龙镇金阳二路12号,14号，成立日期2005年1月5日，上市日期2017年12月1日，公司主营业 务涉及智能晾晒 ...

来源：新浪证券-红岸工作室 12月25日，极米科技跌0.42%，成交额4382.47万元，换手率0.59%，总市值73.97亿元。 异动分析 主力持仓 手机游戏+跨境电商+智能家居+百度概念+消费电子概念 1、2024年11月15日互动易：西瓜游戏主要由公司全资孙公司AladdinX株式会社运营，截至2024年10月 31日，西瓜游戏在全球各大平台累计下载量已超过1100万次。 2、2022年报：报告期内，公司实现境外收入人民币7.90亿元 1，同比增长82.04%。报告期内公司产品 主要在欧洲、日本、美国等区域市场销售，同时公司已着手拓展澳大利亚、韩国等新兴市场。除亚马 逊、日本乐天等主流线上渠道外，目前公司产品已经进入包括 Mediamarkt、Saturn、BicCamera、茑屋 家电、友都八喜等在内的海外零售渠道。 3、公司的主营业务是智能投影产品的研发、生产及销售，同时向消费者提供围绕智能投影的配件产品 及互联网增值服务。公司主要产品和服务包括智能微投系列、激光电视系列、创新产品系列。 4、北京百度网讯科技有限公司持有公司9.88%股权。 5、公司主营业务是智能投影产品的研发、生产及销售，同时向消 ...