其中，在运动控制方面，松霖机器人基于深度强化学习的仿真训练加ROS(机器人操作系统)框架的高效 部署，实现复杂场景环境下的运动轨迹自主优化，运动控制稳定性与和操作精度达到毫厘级；在场景语 音交互方面，通过配备全阵列麦克风系统加离线语音引擎的轻量化和低成本方案，确保机器人能在复杂 环境清晰收音执行用户指令，无网也能流畅响应；在情感体验方面，基于机器人表情与语音双模态情感 交互，能实时捕捉用户情绪变化，建立情感响应机制，打造有温度的"AI陪伴"新范式。 2025年5月27日，第29届中国国际厨房、卫浴设施展览会开幕，松霖科技（603992）在本次展会上首次 展示了自主设计并制造的机器人产品"小霖"，凭借AI驱动的智能交互能力和多场景服务功能，成为展会 焦点。 记者从松霖科技获悉，松霖机器人在运动控制、语音系统、AI情感交互等技术方面已逼近一线厂商。 今年2月，松霖科技成立全资子公司厦门松霖机器人科技有限公司，正式进军机器人领域；3月，松霖科 技通过收购专精特新公司厦门威迪思智能运动系统有限公司100%股权，补足了移动机器人底盘与控制 系统等核心技术。 据介绍，目前松霖机器人的技术突破体现在"垂直场景深度+工程化能 ...

Core Viewpoint - The rapid disbursement of 300 billion yuan in national subsidies is significantly boosting consumer spending in various sectors, including automobiles, home appliances, and digital products, leading to increased sales and tax revenues for local governments [1][11]. Group 1: National Subsidy Program - The central government has issued 1.5 billion yuan in special long-term bonds for the "trade-in" subsidy program, which will increase to 3 billion yuan by 2025 [3][5]. - The distribution of the 3 billion yuan subsidy will be based on factors such as population, GDP, and previous performance in implementing the trade-in policy, with a focus on regions that have shown effective results [5][6]. Group 2: Regional Implementation - Chongqing has received 3 billion yuan in special long-term bond funds, with a high subsidy application rate leading to significant consumer spending [2][4]. - As of May 21, Chongqing has processed 48.5 billion yuan in trade-in subsidy applications, with 24.7 billion yuan disbursed, achieving an 82.3% disbursement rate [2]. Group 3: Economic Impact - The trade-in subsidy program has led to a notable increase in retail sales, with Chongqing reporting a 4.1% year-on-year increase in social retail sales in Q1 [2]. - The program has driven sales of over 8.3 trillion yuan across five major product categories, contributing to a positive shift in tax revenue growth [11]. Group 4: Fund Management and Oversight - The central government emphasizes strict fund management to prevent misuse, with measures including a negative list for fund usage and a multi-tiered oversight system [12][14]. - Local governments, such as in Chongqing and Shandong, are implementing advanced monitoring systems and collaborative regulatory frameworks to ensure compliance and efficiency in fund distribution [13][14].

Group 1: Financial Performance and Management - The company has implemented a risk management system for its engineering business to control accounts receivable and mitigate risks [1] - A share repurchase plan was executed from December 5, 2023, to December 4, 2024, with future plans subject to legal and regulatory procedures [1] - The company will disclose any significant mergers or asset restructuring plans in accordance with legal and regulatory requirements [1] Group 2: Operational Status and Market Outlook - The company reports that its production and operations are currently normal and orderly, with ongoing efforts to enhance operational management and resource allocation [1] - The company has sufficient orders for the year, indicating a stable market situation [1] - A profit distribution plan for 2024 was approved on May 20, 2025, with implementation expected within two months following the shareholders' meeting [2]

8月，华帝携手深圳壹基金公益基金会，在大连爱纳孤独症障碍者综合服务中心，开启"天生干净，星星 的孩子"孤独症家庭守护计划，目前已资助了20所"家长加油站"，共开展42场家长赋能活动，13场社区 倡导活动，68场心智障碍者能力提升活动，共有1981人次心智障碍者、1899人次家长、849人次志愿者 受益。此外，华帝董事长兼总裁潘叶江在中秋来临之际，和患孤独症的孩子们一起制作爱心月饼，拍摄 制作公益短片《爱是"五仁"》，总曝光量达2700万+，播放量超253万次，影响超过1.5万人，社会筹集 善款2.7万元。 从产品创新到社会责任的全链条实践 "欲筑室者，先筑其基"。5月21日，"社区共创+"信息时报改版24周年暨微社区e家通10周年推介会活动 在广州报业文化中心圆满落下帷幕，中国高端厨电领导品牌华帝股份在此次活动中脱颖而出，被授 予"优秀合作伙伴"这一殊荣，成为行业与社会瞩目的焦点。 信息时报，作为大湾区媒体领域的重要力量，多年来始终扎根于这片充满活力与希望的土地。微社区e 家通则如它所言："十年栉风沐雨，十年春华秋实"，十年来，它始终以敏锐的视角聚焦民生热点，作为 一位忠实的记录者与推动者，见证并参与着大湾区 ...

证券代码：002035 证券简称：华帝股份 公告编号：2025-016 二、董事会会议审议情况 公司董事会同意选举潘叶江先生担任公司第九届董事会董事长（简历详见附件）。任期 至本届董事会任期届满。 具体内容详见公司在《证券日报》《中国证券报》《证券时报》《上海证券报》以及巨 潮资讯网（www.cninfo.com.cn）披露的《关于董事会完成换届选举暨聘任高级管理人员、 证券事务代表的公告》（公告编号：2025-017）。 员和主任委员的议案》。 华帝股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 一、董事会会议召开情况 华帝股份有限公司（以下简称"公司"、 "华帝股份"）第九届董事会第一次会议于2025 年5月20日下午16:00在广东省中山市小榄镇工业大道南华园路1号华帝股份有限公司办公楼 四楼会议室以现场表决的方式召开。会议通知已于2025年5月20日以口头方式送达全体董事， 本次会议为紧急会议，经公司全体董事一致同意，本次董事会会议豁免通知时限要求。经过 半数董事共同推举，本次董事会会议由董事潘叶江先生召集并主持，会议应出席董事7名， 实 ...

万和电气 20250520 摘要 • 万和电气实施"121,121"战略，聚焦主业，强化人才引进和销售改革， 将省代制转为一省一证，并倾斜政策扶持弱势区域，打破旧有销售系统， 提升经销商灵活性，推动产品线多元化增长。 • 公司积极推进"走出去"战略，已建成泰国和埃及两大海外工厂。泰国工 厂有效规避中美关税壁垒，燃气烤炉产能覆盖 2/3 出口量，并通过三期建 设持续扩产；埃及基地则面向非洲和欧洲市场，提升燃热产品影响力。 • 2024 年公司海外收入占比 40%，其中美国市场贡献显著，销售额接近 15 亿元，占海外比重 56%。面对美国关税提升，公司正加速泰国工厂三 期建设，扩大产能以满足美国市场需求，降低关税影响。 • 受中国出口美国燃气烤炉关税高达 70%影响，公司策略转向依赖泰国工厂 出口，泰国关税为 25%，成本优势明显。泰国工厂三期投资侧重设备和仓 储，预计四季度旺季前完成产能布局，以应对美国市场需求。 • 受益于海外工厂迁移，万和电气获得更多美国客户订单，部分竞争对手客 户主动寻求合作，预计 2026 年出口业务将实现显著增长。内销方面，渠 道变革、人才引进和经销商调整是市场份额提升的关键因素。 Q ...

上海市锦天城（武汉）律师事务所 关于华帝股份有限公司 二○二四年年度股东会的 为出具本法律意见书，本所及本所律师依据《律师事务所从事证券法律业务 管理办法》和《律师事务所证券法律业务执业规则（试行）》等规定，严格履行 了法定职责，遵循了勤勉尽责和诚实信用原则，对本次股东会所涉及的相关事项 进行了必要的核查和验证，核查了本所认为出具该法律意见书所需的相关文件、 资料，并参加了公司本次股东会的全过程。本所保证本法律意见书所认定的事实 真实、准确、完整，所发表的结论性意见合法、准确，不存在虚假记载、误导性 陈述或者重大遗漏，并愿意承担相应法律责任。 本所同意将本法律意见书与本次股东会的决议一并进行公告，并依法对发表 的法律意见承担相应法律责任。 鉴此，本所律师根据上述法律、法规、规章及规范性文件的要求，按照律师 行业公认的业务标准、道德规范和勤勉尽责精神，现出具法律意见如下： 一、本次股东会召集人资格及召集、召开的程序 法律意见书 上海市锦天城（武汉）律师事务所 法律意见 书 上海市锦天城（武汉）律师事务所 关于华帝股份有限公司 二○二四年年度股东会的 法律意见书 致：华帝股份有限公司 上海市锦天城（武汉）律师事务 ...

Core Viewpoint - Company focuses on a "Three-Three-One" strategy, emphasizing robotics, health technology, and smart kitchen and bathroom solutions to enhance competitiveness and drive sustainable growth [2][4]. Strategic Planning - The company aims to build a full industry chain in robotics, covering health robots, industrial robots, and humanoid robots. The health segment includes a comprehensive ecosystem for detection, prevention, treatment, and rehabilitation through products like smart skin analyzers and anti-snoring pillows. The smart kitchen and bathroom sector integrates smart control and energy-saving technologies to meet consumer demands [2]. - The company is committed to upgrading its smart manufacturing system through digital workshop transformations and automation equipment iterations to improve production efficiency [2]. Risk Management - The company has established an internal control system tailored to its operational needs, optimizing management processes to enhance risk prevention capabilities [3]. Dividend Policy - The company plans to prioritize cash dividends, committing to a distribution ratio of no less than 50% of the distributable profits when conditions allow, balancing shareholder returns with long-term funding needs [3]. Financial Performance - For the first quarter of 2025, the company reported a net profit of 45.46 million yuan, a year-on-year decrease of 59.17%. The main revenue was 562 million yuan, down 17.5% year-on-year, with a net profit margin of 32.59% [5]. Growth Drivers - Future profit growth is expected from three main areas: continuous upgrades in smart kitchen and bathroom products, accelerated expansion in the health sector focusing on personal care and drinking health, and strategic development in the robotics field [4]. - The company is leveraging global production capacity and high R&D investment to strengthen its competitive edge [4]. Industry Outlook - The industry is anticipated to benefit from trends such as smart home upgrades, global supply chain restructuring, and advancements in artificial intelligence. The company is positioned to capitalize on these opportunities through differentiated competitive advantages [4][5].

Group 1: Foreign Trade Initiatives - Shandong launched the "2025 Foreign Trade Quality Products Shopping Season" to stimulate domestic consumption and support foreign trade enterprises amid external pressures from U.S. tariffs [2][3] - In the first four months of 2025, Shandong's import and export reached 1.13 trillion yuan, a year-on-year increase of 7.6%, with exports at 679.18 billion yuan (up 6.2%) and imports at 448.97 billion yuan (up 9.7%) [2] - The Shandong Provincial Department of Commerce plans to hold five promotional activities focusing on various foreign trade products, engaging over 1,000 foreign trade companies and nearly 5,000 buyers [2] Group 2: Multinational Company Cooperation - Shandong is enhancing cooperation with multinational companies to promote high-level opening-up and mutual benefits, with a focus on integrating into both domestic and international markets [4] - The province has attracted 27,690 foreign-funded enterprises, contributing significantly to the local economy, with foreign companies accounting for 14.2% of revenue, 22.6% of profits, and 14.9% of employment in the industrial sector [4][5] - Since 1987, Shandong has seen a continuous increase in foreign investment, with 236 Fortune 500 companies involved in 943 projects [5] Group 3: Artificial Intelligence Development - Shandong introduced a comprehensive plan to accelerate the integration of artificial intelligence (AI) across key sectors, focusing on 13 areas including chemicals, aluminum, and digital governance [6] - The province aims to invest in over 150 foundational research projects annually and support the development of AI technologies and platforms [6] - A total of 28 measures have been proposed to support the entire AI industry chain, enhancing innovation and application [6] Group 4: Brand Promotion Activities - The "2025 China Brand Day (Shandong)" event showcased 100 new "Good Products Shandong" brands, emphasizing the promotion of local manufacturing and services [8] - The Shandong Provincial Department of Commerce will continue to organize various promotional activities to enhance brand visibility and consumer engagement [8] Group 5: Renewable Energy Initiatives - Shandong is implementing "Eight Major Actions" to enhance the consumption of renewable energy, with installed capacity exceeding 125 million kilowatts, accounting for over 51% of total capacity [9] - The province leads the nation in solar power installation with 85.14 million kilowatts and ranks fifth in wind power installation [9] - Future plans include expanding energy storage projects and supporting new technologies to facilitate high-quality development and consumption of renewable energy [9]

线下渠道营收与毛利双增，业绩稳健增长。2024 年公司毛利率为40.71%，同比-0.40pct，分产品来看， 烟机/灶具/热水器毛利率分别同比+0.35/+0.07/-0.89pct，分渠道来看，线下/线上/工程/海外渠道毛利率分 别同比+0.79/-1.42/-1.49/+0.04pct，其中线下渠道实现营收与毛利共同增长。费用方面， 2024 年公司销 售/管理/研发/财务费用率分别同比+1.17/+0.09/+0.15/-0.11pct，其中销售费用率提升幅度较大，主要由于 公司2024 年本年度销售任务增加，广告投入等市场费用、销售服务费等有所增加影响所致。综合使得 公司全年归母净利率/扣非归母净利率分别达7.61%/7.22%，分别同比+0.43/+0.61pct。此外，2024 年公 司经营活动产生现金流净额同比-44.96%，主要系上年部分客户结算方式改变影响，且经营活动净流出 增加。2024 年Q4 公司毛销差同比-1.90pct，管理/研发/财务费率分别同比+1.47/-0.33/-0.12pct。综合使得 公司单Q4 归母净利率/扣非归母净利率分别达4.50%/4.05%，分别同比-0. ...