本次发行拟募集资金总额不超过3.6亿元(含本数，募集资金总额已扣减前次募集资金中用于补充流动资 金金额超出前次募集资金总额30%的部分)，扣除发行费用后拟全部用于补充流动资金和偿还有息负 债。 帝欧水华（002798）(002798.SZ)发布2025年度向特定对象发行A股股票预案，本次发行的发行对象为水 华智云，水华智云拟以人民币现金方式认购本次发行的全部股票。发行价格为5.05元/股，发行价格不 低于定价基准日前20个交易日。 ...

每经AI快讯，东鹏控股（SZ 003012，收盘价：7.1元）10月31日晚间发布公告称，截至2025年10月31 日，公司通过股票回购专用证券账户以集中竞价方式累计回购公司股份约1733万股，占公司总股本的比 例为1.5%，最低成交价为5.65元/股最高成交价为7.45元/股，成交总金额约为1.07亿元。 2025年1至6月份，东鹏控股的营业收入构成为：瓷砖占比84.69%，洁具占比12.67%，其他占比2.63%。 截至发稿，东鹏控股市值为82亿元。 每经头条（nbdtoutiao）——多地出现"负电价"，既然卖电"不挣钱"，为何电厂不愿停机？ （记者 王晓波） ...

Core Viewpoint - Marco Polo Holdings Co., Ltd. successfully listed on the Shenzhen Stock Exchange, demonstrating resilience and stability in its financial performance amid a challenging market environment, which serves as a positive signal for the home building materials industry [2][3] Financial Performance - For the first nine months of 2025, Marco Polo achieved operating revenue of 4.938 billion yuan and a net profit attributable to the parent company of 1.062 billion yuan, indicating stable profitability [2] - In 2024, Marco Polo's operating revenue reached 7.324 billion yuan with a net profit of 1.327 billion yuan, maintaining the top position in the domestic building ceramics industry during a period of industry pressure [3] Industry Context - The real estate sector is experiencing a slowdown, leading to operational pressures for many related companies; however, Marco Polo has shown robust performance [3] - Recent favorable policies in the real estate sector are expected to benefit Marco Polo, leveraging its brand, distribution channels, and product advantages [3] Regulatory Changes - The introduction of new national standards for ceramic tiles, effective from December 1, 2025, aims to enhance industry quality and transparency, promoting a shift towards differentiated competition based on quality and brand rather than price [4][5] - The new grading system allows non-Guangdong ceramic enterprises to compete fairly with established brands, potentially reshaping the market dynamics [5][6] Strategic Transformation - Marco Polo is undergoing a transformation towards intelligent and green manufacturing, aligning with national "dual carbon" strategies, which is essential for long-term development [8][10] - The company has established a robust production network and is implementing automation and energy optimization strategies to enhance efficiency and reduce operational costs [9][10] Product Innovation - Marco Polo's commitment to green production is reflected in its innovative product offerings, which combine environmental sustainability with aesthetic design, catering to modern consumer preferences for high-quality, eco-friendly home environments [10]

Group 1 - The 138th China Import and Export Fair (Canton Fair) is held in Guangzhou from October 15 to November 4, showcasing Dongguan's image as a "City of Manufacturing Aesthetics" for the first time [1] - Dongguan has 220,000 industrial enterprises, with 14,000 above-scale industrial companies, highlighting its manufacturing strength [1] - The "City of Manufacturing Aesthetics" image aims to enhance the city's industrial identity and increase its recognition and influence [2] Group 2 - Dongjing Electric Co., Ltd. showcases innovative products like hair dryers and curling irons, utilizing advanced technologies to improve user experience and reduce noise [2] - Dongjing Electric's export revenue has seen rapid growth, with a target of 300 million yuan and an annual growth rate of 20% to 50% [2] - The fair features over 400 Dongguan enterprises, emphasizing high-tech and specialized companies, with an increased proportion of quality exhibitors [3] Group 3 - Dongguan organized a "Manufacturing Aesthetics" tour during the fair, allowing participants to explore leading companies like Marco Polo Holdings and Guangdong Tosida Technology [4] - Marco Polo Holdings has differentiated its products through aesthetic and cultural elements, transitioning from a simple manufacturer to a leading enterprise in the industry [4] - The integration of design, craftsmanship, and cultural expression is becoming a trend among Dongguan companies, enhancing their market competitiveness [5] Group 4 - Dongguan's manufacturing sector is moving towards high-end value chains, with a focus on the "Manufacturing Aesthetics" concept [6] - The Dongguan Municipal Bureau of Commerce indicates that the fair's outcomes are just the beginning, with plans to continue promoting the "Manufacturing Aesthetics" concept for global market recognition [6]

北京商报讯（记者 翟枫瑞）10月29日，帝欧水华集团股份有限公司发布2025年第三季度报告称，公司 前三季度实现营收17.6亿元，同比下滑14.04%；净利润亏损1.41亿元，同比下滑0.45%。其中，第三季 度实现营收5.83亿元，同比下滑11.26%；净利润亏损5702.78万元，同比增长33.42%。 ...

帝欧水华公告，第三季度营收为5.83亿元，同比下降11.26%；净利润亏损5702.78万元，同比增长 33.42%。前三季度营收为17.6亿元，同比下降14.04%；净利润亏损1.41亿元，同比下降0.45%。 ...

东鹏控股持续深化零售赛道布局，2025年前三季度累计新建门店196家，重装升级224家，终端品牌展示 与服务能力进一步夯实。大零售渠道收入同比增长8.03%，销售面积增长14.96%，渠道占比持续提升， 成为公司规模增长与结构优化的关键支撑。同时，公司实施稳健的工程发展策略，推动房地产战略工程 向优质高端项目转型，并积极开拓专业细分市场。 上证报中国证券网讯（记者 李五强）10月27日晚，东鹏控股发布2025年三季报，公司前三季度实现营 业收入45.01亿元，同比下降3.90%；实现归属于上市公司股东的净利润3.49亿元，同比增长13.09%。 来源：上海证券报·中国证券网 ...

Core Viewpoint - Dongpeng Holdings reported a resilient performance in Q3 2025 despite the ongoing deep adjustment in the domestic ceramic tile industry, with key indicators such as revenue, net profit, and cash flow showing growth against market challenges [1][2]. Financial Performance - The company achieved a revenue of 4.501 billion yuan in the first three quarters, with a year-on-year increase of 8.03% in the large retail channel revenue [1]. - The net profit attributable to shareholders reached 349 million yuan, reflecting a year-on-year growth of 13.09% [1]. - The net cash flow from operating activities was 651 million yuan, up 33.19% year-on-year [1]. Industry Context - The domestic ceramic tile industry is experiencing a deep adjustment period, characterized by market demand pressure and intensified competition, compounded by a contraction in engineering demand due to the real estate sector's adjustments [1]. - The industry is witnessing a further differentiation pattern as companies adapt to the challenging environment [1]. Strategic Initiatives - Dongpeng Holdings is focusing on enhancing its retail channel advantages, product innovation, lean operations, and precise cost control to strengthen its operational capabilities and innovation leadership [1]. - The company has optimized its channel and product structures, with flagship tile products now accounting for 28.5% of sales, and the average transaction price increasing quarter-on-quarter [2]. - A total of 196 new stores were opened, and 224 stores were upgraded in the first three quarters, reinforcing the brand's display and service capabilities [2]. Operational Efficiency - The company is implementing a lean operation strategy across the entire value chain, resulting in reduced manufacturing costs and improved inventory and accounts receivable turnover [2]. - The sales and management expense ratio decreased by 1.54 percentage points year-on-year, indicating effective cost management [2]. - Despite intensified market competition, the company's gross margin remains stable, showcasing its operational resilience [2]. Product Development and Market Positioning - Dongpeng Holdings became the first in the industry to obtain certification for age-friendly products, targeting the silver economy market with specialized solutions for home and healthcare scenarios [2]. - The company was among the first to pass the highest level 5A certification under the new national standards for ceramic tiles, reinforcing its commitment to high standards and quality, which is crucial for driving high-quality development in the industry [2].

10月21日-10月27日，上交所科创板有2家公司过会；深交所主板有1家公司过会。 | 数据来源： | | --- | 新 股 上 市 10月21日-10月27日，上交所主板有1家公司上市；深交所主板有1家公司上市。 | 数据来源：公开 | | --- | 信息；图表制作：洞察IPO 1.超颖电子：公司主营业务是印制电路板的研发、生产和销售。公司产品广泛应用于汽车电子、显示、 储存、消费电子、通信等领域，以汽车电子PCB为主，是国内少数具备多阶HDI及任意层互连HDI汽车 电子板量产能力的公司之一。上市首日股价收涨397.60%，截至10月27日收报83.01元/股，较发行价 17.08元/股涨386.01%，总市值约363亿元。 | 数据来源：公开 | | --- | 信息；图表制作：洞察IPO 1.马可波罗：主要从事建筑陶瓷的研发、生产和销售。上市首日股价收涨128.80%，截至10月27日收报 27.52元/股，较发行价13.75元/股涨100.15%，总市值约329亿元。 通过上市委员会审议会议 公开信息；图表制作：洞察IPO 1.健信超导：主要从事医用磁共振成像（MRI）设备核心部件的研发、生产和销 ...

Group 1: Industry and Company Capacity Utilization - The overall kiln opening rate in the industry is low this year, influenced by market demand and order conditions [2] - The company has not yet planned to establish production bases abroad, but will disclose any future arrangements according to regulations [3] Group 2: Market Competition and Strategic Adjustments - The industry is experiencing a slow capacity clearance primarily driven by market competition, with limited short-term impact from environmental policies [4] - The company's strategic engineering business related to the real estate sector has significantly declined due to the market entering a stock phase, leading to a substantial decrease in tile orders [4] Group 3: Financial Performance and Cost Management - The company's gross profit margin has improved quarterly, but the potential for further cost reduction is diminishing as the industry transitions from growth to competition [5] - The company reported a revenue of 297,702.09 thousand yuan from distribution business, accounting for 83.65% of total revenue, while strategic engineering business revenue was 48,676.52 thousand yuan, making up 16.35% [7] Group 4: Pricing Trends and Future Outlook - The decline in product prices during the first three quarters was due to strategic pricing adjustments to boost sales and manage inventory [5] - Despite recent adjustments in the real estate market, the domestic real estate sector still holds significant demand, and the company aims to enhance brand appeal through continuous product innovation [6]