今年以来，我国内外贸一体化工作不断提速，取得明显成效。这项工作是新时代我国统筹国内国际两个 大局、推动形成强大国内市场和更高水平对外开放的关键战略部署。展望"十五五"时期，我国将在更高 水平上利用国内国际两个市场、两种资源，进一步塑造发展新优势，提升经济韧性与全球竞争力。 政策措施接续落地 面对复杂多变的外部环境，今年以来我国企业应变而变，内外贸加速融合。相关政策举措接续实施，内 外贸一体化稳步推进。 国务院发展研究中心对外经济研究部综合研究室主任、研究员赵福军表示，我国在推进内外贸一体化过 程中，形成了中央和地方联动的格局。 中央层面，相关部署接续落地。3月份，中办、国办印发《提振消费专项行动方案》，将提高内外贸一 体化水平列为30项重点任务之一；7月份召开的中央财经委员会第六次会议强调，纵深推进全国统一大 市场建设，着力推动内外贸一体化发展，畅通出口转内销路径，培育一批内外贸优质企业；10月份，党 的二十届四中全会审议通过"十五五"规划建议，其中提出"推动市场多元化和内外贸一体化"。 随着国际形势不断演进，内外贸一体化已成为企业持续提升综合竞争力的必答题。商务部研究院美大研 究所研究员周密说，当前国际经贸 ...

Core Viewpoint - The company plans to raise up to 776 million yuan through a private placement of shares to fund new projects aimed at expanding its production capacity in the clean electrical appliance sector [1][3]. Group 1: Fundraising and Project Allocation - The total amount to be raised is not to exceed 776 million yuan, which will be used for the construction of a new production facility in Suzhou, a production base in Vietnam, working capital, and repayment of bank loans [1][3]. - The Suzhou project has a total investment of 481 million yuan and aims to produce 8 million clean electrical appliances annually, with a construction period of two years [3][4]. - The Vietnam project has a total investment of 320 million yuan, also with a two-year construction period, and aims to produce 4.63 million clean electrical appliances annually [4]. Group 2: Business Development and Capacity Expansion - The company is focusing on developing its vacuum cleaner and other complete clean electrical appliance businesses to create synergies with its existing product lines [3]. - Current production capacity is insufficient to meet future market demands, prompting the need for new projects to alleviate production bottlenecks and enhance profitability [3]. - The new Suzhou facility will feature higher automation and advanced testing equipment, aiming to diversify the product range and increase production capacity to 6.24 million complete units annually [3].

Core Viewpoint - The company plans to raise up to 776 million yuan through a private placement of shares to fund the construction of new production facilities and enhance its operational capabilities in the clean appliance sector [1] Group 1: Fundraising and Project Details - The funds will be allocated to the construction of a new project in Suzhou for the annual production of 8 million clean appliance products, a Vietnam production base, working capital, and repayment of bank loans [1] - The new project aims to alleviate production capacity constraints and enhance the company's supply and profitability in the clean appliance and environmental home appliance sectors [1] Group 2: Production Capacity Expansion - The Suzhou project will involve the establishment of a new production base with advanced automated production lines and testing equipment, aiming for an annual production capacity of 6.24 million units, including home appliances and household robots [2] - The Vietnam production base will also be developed to address current leasing issues and optimize production layout, targeting an annual production capacity of 4.63 million clean appliances [2]

天眼查App显示，近日，佛山市启就电器有限公司成立，法定代表人为廖建钦，注册资本3万人民币， 经营范围为一般项目：家用电器销售；互联网销售（除销售需要许可的商品）；日用百货销售；家用电 器零配件销售；非电力家用器具销售；家用视听设备销售；照明器具销售；日用杂品销售；机械电气设 备销售；电气设备销售；办公用品销售；厨具卫具及日用杂品批发；技术服务、技术开发、技术咨询、 技术交流、技术转让、技术推广。（除依法须经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

Core Viewpoint - The company has approved the use of idle raised funds for cash management, allowing for investments in safe and liquid financial products, with a maximum amount of RMB 65 million [1] Group 1: Cash Management Progress - On October 15, 2025, the company redeemed RMB 42 million from investments in government bond reverse repos, with all principal and returns returned to the dedicated fundraising account [2] - The annualized return calculation does not account for transaction fees [2] Group 2: Impact on the Company - The use of idle raised funds for cash management does not affect the construction of fundraising projects or the intended use of funds, ensuring compliance with regulations [3] - Cash management is conducted under the premise of ensuring daily operations and fund safety, enhancing fund efficiency and potentially increasing overall performance for shareholders [3] - The accounting treatment for cash management will classify the principal as "trading financial assets" or "other non-current assets," with returns recorded as "investment income" or "interest income" in the profit statement [3] Group 3: Recent Fund Management Situation - In the last 12 months, the highest single-day investment amount did not exceed the approved cash management limit of RMB 320 million, and the current maximum authorization for cash management is RMB 65 million [5]

Core Viewpoint - The establishment of Foshan Jingmei Electric Appliance Co., Ltd. indicates a growing interest in the home appliance manufacturing sector in China, with a focus on various related activities such as research, sales, and import-export operations [1] Company Summary - Foshan Jingmei Electric Appliance Co., Ltd. has been recently founded with a registered capital of 100,000 RMB [1] - The legal representative of the company is Li Xiaojun [1] - The company’s business scope includes manufacturing home appliances, electrical accessories, and conducting research and sales related to home appliances [1] Industry Summary - The company is involved in a wide range of activities within the home appliance industry, including: - General manufacturing of home appliances - Research and development of home appliances - Retail and wholesale of daily household goods and kitchenware [1] - The company is also authorized to produce electric food processing equipment, subject to regulatory approvals [1]

Core Points - Shenzhen Stock Exchange announced the information disclosure evaluation results for listed companies in 2024-2025, with Guangdong Xinbao Electric Co., Ltd. receiving the highest "A" rating for the ninth consecutive year, reflecting strong recognition from regulatory authorities for the company's governance and investor relations [1][2] - A total of 5,366 companies participated in the evaluation, with 1,001 companies rated "A" (18.65%), and only 114 companies rated "A" for nine years or more (2.12%), highlighting Xinbao's consistent excellence in information disclosure [1] - Xinbao emphasizes high-quality information disclosure as a cornerstone of corporate governance, continuously improving its compliance system and governance structure to enhance operational governance and risk control capabilities [1][2] Company Actions - Xinbao has optimized its information disclosure mechanism to be investor demand-oriented, using multiple channels to communicate company value and enhance market influence [2] - The company has implemented a "quality return dual enhancement" action plan, repurchasing shares worth 80 million yuan in 2024 and nearly 100 million yuan in 2025 for employee stock ownership plans, and has distributed cash dividends of approximately 121 million yuan in 2025 [2] - Since its listing, Xinbao has distributed a total of 3.195 billion yuan in dividends and spent about 610 million yuan on share repurchases, ensuring that investors benefit from the company's growth [2] Future Outlook - Xinbao plans to continue focusing on its development strategy while enhancing information disclosure quality and corporate governance effectiveness, aiming to protect investors' rights and create long-term, stable value returns for shareholders [2]

Core Points - A new company, Foshan Hachu Electric Appliance Co., Ltd., has been established with a registered capital of 100,000 RMB [1] - The legal representative of the company is Ruan Niansheng [1] Business Scope - The company is engaged in the sales of household appliances and specialized equipment for commercial and food services [1] - It also sells electric food processing equipment, ovens, furnaces, and electric stoves [1] - Additional activities include wholesale of kitchenware, daily necessities, and metal products [1] - The company provides repair services for daily electrical appliances and installation services for household appliances [1] - It is involved in the sales of electronic products, hardware products, and internet sales (excluding items requiring permits) [1] - The company can conduct business activities independently based on its business license, except for projects that require approval [1]

Core Points - The company has provided guarantees to its subsidiaries to support their operational funding needs and ensure stable business development [1][14] - The total amount of guarantees provided by the company and its subsidiaries is 1.371 billion RMB, accounting for 56.17% of the company's latest audited net assets [16] Group 1: Guarantee Details - On October 13, 2025, the company’s subsidiary, Qingdao Aokema Life Electric Co., Ltd., signed a maximum guarantee contract with Agricultural Bank of China, providing a joint liability guarantee of up to 81 million RMB for Qingdao Aokema Import and Export Co., Ltd. from October 13, 2025, to October 12, 2026 [1][4] - The company also signed a maximum guarantee contract with China Everbright Bank, providing a joint liability guarantee of up to 10 million RMB for Qingdao Aokema Smart Home Co., Ltd. for the same period [1][10] - The company has authorized a total guarantee amount not exceeding 3.07 billion RMB for the fiscal year 2025, which includes ongoing guarantees [2][15] Group 2: Internal Decision-Making Process - The company’s board approved the financing and guarantee business for the fiscal year 2025 on April 29, 2025, which was subsequently ratified at the annual general meeting on May 23, 2025 [2][15] - The guarantees provided are within the scope of the board's approval and do not require further review [3][15] Group 3: Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary to meet the daily operational funding needs of the subsidiaries, contributing to their stable operations and the overall development of the company [14] - The company maintains effective control and management over the subsidiaries, allowing for timely monitoring of their credit status and performance capabilities [14]

Core Viewpoint - The company Zhejiang Shuaifeng Electric Co., Ltd. has utilized part of its idle raised funds for cash management, specifically through the purchase of low-risk financial products, ensuring that this does not affect its daily operations or the use of raised funds for intended projects [1][3]. Group 1: Cash Management Details - As of October 14, 2025, the company has redeemed a total of RMB 43 million from a treasury reverse repurchase agreement, with all principal and returns returned to the dedicated fundraising account [1]. - The company has a remaining amount of RMB 10 million in idle raised funds for cash management that has not yet matured [5]. - The company’s cash management strategy is limited to safe, high liquidity, and principal-protected financial products with a maximum investment period of 12 months [2][4]. Group 2: Financial Impact - The use of idle funds for cash management does not alter the intended use of raised funds or affect the construction of investment projects [3]. - This strategy aims to enhance the efficiency of fund utilization and generate additional investment returns, ultimately benefiting shareholders [3]. Group 3: Approval Process - The company’s board of directors and supervisory board approved the cash management plan on December 27, 2024, allowing for the use of up to RMB 65 million for safe and liquid investment products [4]. - The decision was supported by the supervisory board and the sponsor institution, ensuring compliance with regulatory requirements [4]. Group 4: Risk Management Measures - The company has established a robust risk control framework, including pre-investment audits and ongoing supervision by the audit department and supervisory board [2]. - Specific measures include assessing risks before investment and ensuring that cash management does not interfere with daily operations [2].