Core Viewpoint - The incident involving a safety accident with Bear Electric's health pot has raised significant public concern, highlighting potential risks associated with the company's products and its quality control measures [1][2][10]. Company Overview - Bear Electric, established in March 2006, specializes in creative small home appliances and is known for its self-branded products. The company went public in 2019 and has experienced a compound annual growth rate (CAGR) of over 20% in revenue from 2016 to 2023 [4][5]. - In the first half of 2025, Bear Electric reported total revenue of 2.535 billion yuan, a year-on-year increase of 18.94%, and a net profit attributable to shareholders of 205 million yuan, up 27.32% [4]. Product Safety Incident - On September 20, a Bear Electric health pot exploded, resulting in severe burns to a one-year-old child, with 40% of the body affected. The child underwent emergency surgery and will require skin grafting and scar treatment [2][4]. - Bear Electric's customer service stated that they are investigating the incident and emphasized their commitment to product safety, claiming that all products undergo multiple safety tests before leaving the factory [4][10]. Financial Performance - The kitchen small appliance segment saw a retail sales increase of 9.3% due to government subsidy policies, with Bear Electric's kitchen small appliances generating 1.673 billion yuan in revenue, a year-on-year growth of 5.02% [5]. - However, the company faces challenges with cost and profit imbalances, particularly in personal care appliances and overseas markets, where operating costs surged by 489.35% and 139.60%, respectively, leading to a decline in gross margins [6]. Quality Control Issues - Bear Electric has faced multiple quality control issues, being a frequent subject of consumer complaints and regulatory penalties. The company has been cited for product quality problems in 2020, 2021, and 2022, with numerous products failing to meet safety standards [9][10][12]. - Consumer complaints focus on product quality, safety hazards, and poor after-sales service, indicating significant shortcomings in the company's quality control and management systems [12].

Core Viewpoint - The article highlights a serious product safety incident involving Bear Electric, which has led to significant public scrutiny and concerns regarding the company's product quality and safety standards [3][5][19]. Group 1: Incident Overview - On September 27, a consumer reported that a Bear Electric health pot exploded, resulting in severe burns to a one-year-old child, with 40% of the body affected [5][19]. - The child underwent emergency surgery on September 24 and will require further skin grafting and scar treatment [5][19]. - Bear Electric's customer service stated they are investigating the incident and emphasized their commitment to product safety, claiming that all products undergo multiple safety tests before leaving the factory [7][19]. Group 2: Company Background and Financial Performance - Bear Electric was established in March 2006 and specializes in creative small appliances, launching its brand "Bear" [9]. - The company went public in 2019 and has seen a compound annual growth rate (CAGR) of over 20% in revenue from 2016 to 2023 [9]. - For the first half of 2025, Bear Electric reported total revenue of 2.535 billion yuan, an increase of 18.94% year-on-year, and a net profit of 205 million yuan, up 27.32% [9]. Group 3: Product Quality Issues - Despite high growth, Bear Electric faces significant challenges with cost and profit imbalances, particularly in personal care appliances and overseas markets, where costs surged by 489.35% and 139.60%, respectively, leading to declines in gross margins [10]. - The company has a history of product quality issues, being frequently reported for non-compliance and quality problems by regulatory authorities [16][19]. - Complaints from consumers regarding product quality, safety hazards, and poor after-sales service have been prevalent, with 1,307 complaints recorded on the Black Cat complaint platform [19][20].