证券日报网讯11月16日晚间，苏泊尔（002032）发布公告称，公司2022年限制性股票激励计划第二个解 除限售期解除限售条件已成就，279名激励对象可解除限售的限制性股票共计450，088股，占公司股本 总额的0.0562%，上市流通日为2025年11月18日。 ...

11月14日，亿田智能涨5.53%，截至发稿，报38.94元/股，成交8754.85万元，换手率1.34%，总市值 71.39亿元。 截至发稿，陶棣溦累计任职时间2年132天，现任基金资产总规模6012.64万元，任职期间最佳基金回报 11.56%， 任职期间最差基金回报9.47%。 责任编辑：小浪快报 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 数据显示，嘉合基金旗下1只基金重仓亿田智能。嘉合睿金混合A（005090）三季度减持5.39万股，持有 股数7.43万股，占基金净值比例为6.68%，位居第五大重仓股。根据测算，今日浮盈赚取约15.15万元。 嘉合睿金混合A（005090）成立日期2018年3月21日，最新规模2097.07万。今年以来收益41.77%，同类 排名1806/8140；近一年收益32.47%，同类排名1901/8056；成立以来收益108.97%。 嘉合睿金混合A（005090）基金经理为陶棣溦。 资料显示，浙江亿田智能厨电股份有限公司位于浙江 ...

Core Viewpoint - Zhejiang Meida's stock price has shown a positive trend, with a year-to-date increase of 13.64% and a recent rise of 4.30% over the last five trading days, indicating strong market interest and potential growth in the kitchen appliance sector [1][2]. Group 1: Financial Performance - For the period from January to September 2025, Zhejiang Meida reported a revenue of 337 million yuan, representing a year-on-year decrease of 48.52% [2]. - The net profit attributable to shareholders for the same period was 17.89 million yuan, down 83.21% compared to the previous year [2]. - Cumulative cash dividends since the company's A-share listing amount to 3.364 billion yuan, with 1.079 billion yuan distributed over the last three years [3]. Group 2: Stock Market Activity - As of November 12, the stock price of Zhejiang Meida was 8.00 yuan per share, with a trading volume of 52.73 million yuan and a turnover rate of 1.25%, leading to a total market capitalization of 5.168 billion yuan [1]. - The net inflow of main funds was 1.7143 million yuan, with large orders accounting for 19.38% of purchases and 14.64% of sales [1]. - The number of shareholders as of October 31 was 60,700, a slight decrease of 0.14% from the previous period, while the average circulating shares per person increased by 0.14% to 8,816 shares [2]. Group 3: Company Overview - Zhejiang Meida, established on December 29, 2001, and listed on May 25, 2012, specializes in the research, design, production, and sales of modern kitchen appliances, primarily integrated stoves, which account for 88.83% of its revenue [1]. - The company is categorized under the household appliances industry, specifically in kitchen appliances, and is associated with concepts such as smart home and artificial intelligence [1].

Core Viewpoint - The stock of Boss Electric has shown a slight increase of 2.01% on November 12, with a current price of 20.28 CNY per share and a total market capitalization of 19.163 billion CNY [1] Financial Performance - For the period from January to September 2025, Boss Electric reported a revenue of 7.312 billion CNY, representing a year-on-year decrease of 1.14%, and a net profit attributable to shareholders of 1.157 billion CNY, down 3.73% year-on-year [2] - The company has cumulatively distributed 6.847 billion CNY in dividends since its A-share listing, with 2.833 billion CNY distributed over the past three years [3] Stock Market Activity - As of 09:48 on November 12, the trading volume was 51.6284 million CNY, with a turnover rate of 0.27% [1] - The stock has experienced a decline of 0.73% year-to-date, but has increased by 3.95% over the last five trading days, 7.13% over the last twenty days, and 6.91% over the last sixty days [1] Shareholder Information - As of September 30, 2025, the number of shareholders for Boss Electric was 56,300, a decrease of 8.62% from the previous period, with an average of 16,577 shares held per shareholder, an increase of 9.43% [2] - The second-largest shareholder is Hong Kong Central Clearing Limited, holding 63.4905 million shares, a decrease of 27.3989 million shares from the previous period [3]

Core Viewpoint - Zhejiang Meida's stock price has shown a positive trend with a year-to-date increase of 9.80%, indicating potential resilience in the market despite recent financial challenges [1][2]. Group 1: Stock Performance - As of November 10, Zhejiang Meida's stock rose by 2.11%, trading at 7.73 CNY per share with a total market capitalization of 4.994 billion CNY [1]. - The stock has experienced a 3.76% increase over the last five trading days, a 5.60% increase over the last 20 days, and a 10.11% increase over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Zhejiang Meida reported a revenue of 337 million CNY, a significant decrease of 48.52% year-on-year [2]. - The net profit attributable to shareholders for the same period was 17.89 million CNY, reflecting a decline of 83.21% compared to the previous year [2]. Group 3: Shareholder Information - As of October 31, the number of shareholders for Zhejiang Meida was 60,700, a slight decrease of 0.14% from the previous period [2]. - The average number of circulating shares per shareholder increased by 0.14% to 8,816 shares [2]. Group 4: Dividend Distribution - Since its A-share listing, Zhejiang Meida has distributed a total of 3.364 billion CNY in dividends, with 1.079 billion CNY distributed over the last three years [3]. Group 5: Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited was the fifth-largest circulating shareholder, holding 4.2904 million shares, an increase of 780,300 shares from the previous period [3].

Investment Rating - The report maintains a "Strong Buy" rating for the company with a target price of 24.2 yuan [2][8]. Core Insights - The company reported a revenue of 2.7 billion yuan in Q3 2025, reflecting a year-on-year increase of 1.4%. The net profit attributable to the parent company was 450 million yuan, up 0.6% year-on-year [2]. - The revenue growth was primarily driven by an increase in retail channel sales, with core products such as range hoods, gas stoves, and dishwashers seeing price increases. However, the engineering channel faced pressure due to the low prosperity of the real estate sector [8]. - The gross profit margin improved to 54.1%, a year-on-year increase of 0.9 percentage points, attributed to a decrease in the proportion of lower-margin engineering channel revenue and a decline in stainless steel prices [8]. - The net profit margin slightly decreased to 16.5%, down 0.1 percentage points year-on-year, mainly due to increased marketing expenses ahead of promotional events [8]. - The company is expected to face short-term demand pressure due to the real estate market but maintains resilience through active marketing and product diversification. Long-term prospects are positive with a focus on multi-category development [8]. Financial Summary - Total revenue projections for 2024A, 2025E, 2026E, and 2027E are 11,213 million yuan, 11,387 million yuan, 11,725 million yuan, and 12,106 million yuan respectively, with year-on-year growth rates of 0.1%, 1.6%, 3.0%, and 3.2% [4]. - Net profit attributable to the parent company is forecasted to be 1,577 million yuan in 2024A, increasing to 1,775 million yuan by 2027E, with growth rates of -9.0%, 2.4%, 5.9%, and 3.8% respectively [4]. - Earnings per share (EPS) are projected to rise from 1.67 yuan in 2024A to 1.88 yuan in 2027E, with corresponding price-to-earnings (P/E) ratios of 12, 11, 11, and 10 [4].

Core Viewpoint - The stock of Boss Electric has shown a slight increase recently, with a notable market performance and a mixed financial outlook for the year [1][2]. Company Overview - Boss Electric, established on November 7, 2000, and listed on November 23, 2010, specializes in the research, production, and sales of kitchen appliances, including range hoods, gas stoves, dishwashers, and food processors [1]. - The company's revenue composition is as follows: range hoods 47.86%, gas stoves 25.10%, dishwashers 7.33%, integrated machines 6.51%, sterilizers 2.64%, and other small kitchen appliances [1]. Financial Performance - For the period from January to September 2025, Boss Electric reported a revenue of 7.312 billion yuan, a year-on-year decrease of 1.14%, and a net profit attributable to shareholders of 1.157 billion yuan, down 3.73% year-on-year [2]. - The company has distributed a total of 6.847 billion yuan in dividends since its A-share listing, with 2.833 billion yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for Boss Electric was 56,300, a decrease of 8.62% from the previous period, with an average of 16,577 circulating shares per shareholder, an increase of 9.43% [2]. - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 63.4905 million shares, a decrease of 27.3989 million shares from the previous period [3].

Investment Rating - The investment rating for the company is maintained at "Buy-A" with a 12-month target price of 23.79 CNY, corresponding to a 14 times dynamic price-to-earnings ratio for 2026 [4][3]. Core Insights - The company reported a revenue of 7.31 billion CNY for the first three quarters of 2025, a year-on-year decrease of 1.1%, and a net profit attributable to shareholders of 1.16 billion CNY, down 3.7% year-on-year. In Q3 alone, the revenue was 2.7 billion CNY, showing a year-on-year increase of 1.4%, while the net profit was 450 million CNY, up 0.6% year-on-year. The company is expected to see marginal improvements driven by the old-for-new policy [2][3]. Financial Performance Summary - Q3 revenue growth was stable, with online sales of range hoods and gas stoves increasing by 8% year-on-year. The company is focusing on the old-for-new activities in retail channels, which are expected to yield positive results. However, the engineering channel revenue is anticipated to decline due to a decrease in residential construction area [2]. - The gross profit margin in Q3 increased by 0.9 percentage points year-on-year, attributed to a lower proportion of revenue from the engineering channel and cost reduction measures. The net profit margin decreased by 0.1 percentage points year-on-year due to increased sales expenses, which rose by 2.0 percentage points [3]. - The operating cash flow in Q3 increased by 110 million CNY year-on-year, primarily due to revenue growth. Cash received from sales and services increased by 240 million CNY [3]. Financial Forecasts - The company is projected to achieve revenues of 11.39 billion CNY in 2025, with net profits of 1.58 billion CNY. The expected earnings per share (EPS) for 2025 is 1.67 CNY, with a gradual increase to 1.77 CNY by 2027 [4][10].

Core Viewpoint - Aishida (002403.SZ) reported a decline in revenue and incurred net losses in the first three quarters of 2025 compared to the previous year [1] Financial Performance - The company's operating revenue for the first three quarters was 1.954 billion yuan, representing a year-on-year decrease of 7.57% [1] - The net loss attributable to shareholders of the listed company was 58.986 million yuan [1] - The net loss attributable to shareholders after deducting non-recurring gains and losses was 75.133 million yuan [1] - The basic loss per share was 0.17 yuan [1]

Investment Rating - The investment rating for the company is "Outperform" (maintained) [1]. Core Insights - The company reported a revenue of 1.756 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 19%. However, the net profit attributable to shareholders decreased by 29% to 72 million yuan, and the net profit after deducting non-recurring items fell by 33% to 66 million yuan [4][7]. - The decline in profit is attributed to significant investments in new product molds and the initial costs associated with the startup phase of subsidiaries. Despite this, the company is expanding its product categories, particularly in air fryers and coffee machines, which are expected to contribute to revenue growth in the future [7]. - The company has successfully established itself as a key supplier for several well-known domestic and international brands, enhancing its market position [7]. Financial Data and Profit Forecast - The company is projected to achieve total revenue of 2.441 billion yuan in 2025, with a year-on-year growth rate of 18.6%. The net profit attributable to shareholders is expected to be 153 million yuan, reflecting a growth of 9.9% [6][9]. - The gross margin is forecasted to improve gradually as new products ramp up production, with an estimated gross margin of 14.3% in 2025 [6]. - The company’s earnings per share (EPS) is projected to be 0.82 yuan in 2025, with a price-to-earnings (P/E) ratio of 24 times [6][9].