乐居财经 李兰近日，宁波博菱电器股份有限公司(以下简称"博菱电器")披露关于向不特定合格投资者公 开发行股票并在北交所上市辅导工作进展报告（第七期），辅导机构为国投证券股份有限公司。 据查，博菱电器成立于2007年，是一家专业致力于家庭小电器的研发、制造、销售和服务的制造型企 业。 博菱电器实际控制人为袁海忠与袁琪父女。控股股东袁琪直接持有公司 61.11%的股份，并通过担任博 誉美伦执行事务合伙人间接控制公司 6.67%的股份；其父袁海忠直接持有公司 24.96%的股份，并通过 担任海誉久菱执行事务合伙人间接控制公司 3.87%的股份；二人通过直接和间接方式共同控制公司 96.60%的股份，为公司实际控制人。袁琪任公司董事长，袁海忠任董事、总经理。 公开资料显示，袁海忠出生于1963年12月，拥有香港永久居留权，高中学历。袁海忠具有超过30年的行 业经验，2007 年之前曾任宁波市北仑三菱电器厂厂长，创办宁波海菱电器有限公司、上海海菱电器有 限公司、宁波大榭海菱电器有限公司等公司。 2024年，博菱电器对第一大客户销售收入占营业收入比例为30.51%。第一大客户为德龙下属企业，旗 下 Nutribullet ...

Market Performance - The small home appliance sector increased by 0.59% on January 9, with ST Dehao leading the gains [1] - The Shanghai Composite Index closed at 4120.43, up 0.92%, while the Shenzhen Component Index closed at 14120.15, up 1.15% [1] Stock Performance - ST Dehao (002005) closed at 2.76, up 4.94% with a trading volume of 136,300 shares and a transaction value of 37.24 million yuan [1] - Beiding Co., Ltd. (300824) closed at 11.70, up 2.72% with a trading volume of 67,300 shares and a transaction value of 77.88 million yuan [1] - Fuhua Co., Ltd. (603219) closed at 18.04, up 2.33% with a trading volume of 103,600 shares and a transaction value of 184 million yuan [1] - Stone Technology (688169) closed at 163.49, up 2.25% with a trading volume of 49,300 shares and a transaction value of 799 million yuan [1] - Other notable stocks include Xiaoxiong Electric (002959) at 43.67, up 1.61%, and Ecovacs Robotics (603486) at 83.48, up 1.31% [1] Capital Flow - The small home appliance sector experienced a net outflow of 62.65 million yuan from institutional investors, while retail investors saw a net inflow of 98.70 million yuan [2] - The capital flow data indicates that institutional and speculative funds had net outflows, while retail investors contributed positively to the sector [2] Individual Stock Capital Flow - Fuhua Co., Ltd. (603219) had a net inflow of 33.22 million yuan from institutional investors, while it faced a net outflow of 23.80 million yuan from speculative funds [3] - Beiding Co., Ltd. (300824) saw a net inflow of 10.62 million yuan from institutional investors, with net outflows from both speculative and retail investors [3] - Suo Boer (002032) had a net inflow of 8.98 million yuan from institutional investors, but faced significant outflows from speculative funds [3]

声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 有投资者在互动平台向德尔玛提问："致德尔玛董秘： 1.股价长期破发，现有市值管理外，后续稳定方 案及长效规划？2.2026国补不含小家电，公司如何对冲政策影响保障业绩？3.专利授权下滑，核心研发 方向、投入重点及技术转化计划？4.如何完善股东回报机制，保障投资者利益？ 投资者：马建平。" 针对上述提问，德尔玛回应称："您好，公司高度重视市值管理，在股东权益维护方面，我们已综合运 用股份回购、股权激励、分红政策等工具组合，兼顾股东短期收益与长期价值增长。公司将密切关注国 内政策导向与市场动态，结合自身战略布局与实际条件，灵活调整经营策略。为保持技术和产品的竞争 力，公司会紧跟市场发展趋势，及时了解客户的需求及变化情况，确保技术研发方向符合市场及行业发 展方向，以此保持技术竞争优势。未来，我们将一如既往聚焦主业创新，强化核心竞争力，以高质量发 展的实绩回应市场期待。感谢您的关注。" 来源：市场资讯 ...

证券日报网讯 1月8日，新宝股份在互动平台回答投资者提问时表示，公司目前研发、生产的智能产品 主要集中在清洁电器领域及厨房电器领域等小家电，已有部分产品推出海外市场，销售规模还不大。公 司将持续不断加强研发投入，未来会扩展核心研究领域，增加公司产品品类丰富度，向商用机领域、个 人护理领域、宠物电器领域、高智能园林工具领域等产品品类拓展，部分产品可能也会加入智能的元 素。 （文章来源：证券日报） ...

Core Insights - The article discusses the transformation of traditional small appliance manufacturers in Zhongshan, Guangdong, into players in the burgeoning pet economy, highlighting the challenges and opportunities they face in adapting to new consumer trends [1][3][15] Group 1: Industry Transformation - The "home appliance island" in Huangpu Town has seen many small enterprises evolve through smart upgrades, leading to significant production values exceeding 100 million yuan for several projects [1] - Companies like "Kawoo" have pivoted from traditional small appliances to pet products, such as heated pet bowls, in response to market saturation and competition in the small appliance sector [1][3] - The pet economy is driven by a strong emotional connection between young consumers and their pets, similar to the bond between parents and children, creating a new market for pet-related products [3][4] Group 2: Market Opportunities - The transition to pet products allows companies to leverage existing supply chains while addressing new consumer demands, although aligning product offerings with actual market needs remains a challenge [7][8] - Successful pet product companies, like "Meow Enjoy Home," have seen significant sales growth on platforms like Pinduoduo, with daily order volumes exceeding 300 for their automatic feeding devices [6][11] - Innovative products, such as temperature-controlled pet bowls, have gained traction quickly on e-commerce platforms, demonstrating the effectiveness of rapid market testing [14][15] Group 3: Consumer Insights - The pet economy is complex, as consumer spending is influenced not only by pet needs but also by human desires for aesthetics and social status [8][9] - Brands like "Zhe Zhe" have capitalized on the demand for stylish pet apparel, achieving high sales volumes and collaborations with major brands [11] - The evolving understanding of pet care among consumers presents both challenges and opportunities for businesses to educate and align their products with consumer expectations [12][15] Group 4: E-commerce Influence - Pinduoduo has played a crucial role in supporting traditional manufacturers' transition to the pet economy by providing a low-barrier, high-efficiency platform for product testing and market entry [14][15] - The platform's focus on reducing unnecessary complexities allows businesses to concentrate on supply chain optimization and product development, enhancing their competitive edge in a rapidly changing market [14][15]

Group 1 - The small home appliance sector increased by 0.55% on January 8, with ST Dehao leading the gains [1] - The Shanghai Composite Index closed at 4082.98, down 0.07%, while the Shenzhen Component Index closed at 13959.48, down 0.51% [1] - ST Dehao's closing price was 2.63, reflecting a rise of 5.20% [1] Group 2 - The small home appliance sector experienced a net outflow of 12.32 million yuan from main funds, while retail investors saw a net inflow of 21.18 million yuan [2] - The trading volume for ST Dehao was 270,400 shares, with a transaction amount of 17.01 million yuan [1] - The stock performance of other companies in the small home appliance sector included Rainbow Group at 23.11 with a 2.62% increase and Beikong at 56.69 with a 1.80% increase [1] Group 3 - Major net inflows were observed in companies like Fuhua Co. with 11.69 million yuan and Rainbow Group with 10.89 million yuan [3] - Conversely, significant net outflows were noted for companies like Lek Electric with -3.74% and Biyi Co. with -3.47% [2] - The overall market sentiment showed a mixed response, with retail investors actively participating despite the main funds' outflows [2][3]

格隆汇1月8日丨新宝股份(002705.SZ)在互动平台表示，公司目前研发、生产的智能产品主要集中在清 洁电器领域及厨房电器领域等小家电，已有部分产品推出海外市场，销售规模还不大。公司将持续不断 加强研发投入，未来会扩展核心研究领域，增加公司产品品类丰富度，向商用机领域、个人护理领域、 宠物电器领域、高智能园林工具领域等产品品类拓展，部分产品可能也会加入智能的元素。 ...

Group 1 - The small home appliance sector experienced a decline of 1.23% on January 7, with Beiyikang leading the drop [1] - The Shanghai Composite Index closed at 4085.77, up 0.05%, while the Shenzhen Component Index closed at 14030.56, up 0.06% [1] - Key stocks in the small home appliance sector showed mixed performance, with notable gainers including Lek Electric (+1.76%) and Biyi Co. (+1.26%), while Beiyikang fell by 4.71% [2] Group 2 - The small home appliance sector saw a net outflow of 76.92 million yuan from main funds, while retail funds experienced a net inflow of 140 million yuan [2] - Individual stock fund flows indicated that Stone Technology had a net inflow of 18.79 million yuan from main funds, while Beiyikang saw a significant outflow of 75.2 million yuan [3] - The overall market sentiment reflected a cautious approach, with retail investors withdrawing funds from several stocks, including Beiyikang and other small home appliance companies [3]

Market Overview - The A-share market saw all three major indices rise, with the Shanghai Composite Index closing at 4085.77 points, up 0.05%, and a total trading volume of 1,197.42 billion yuan [1] - The Shenzhen Component Index closed at 14,030.56 points, up 0.06%, with a trading volume of 1,656.72 billion yuan [1] - The ChiNext Index closed at 3,329.69 points, up 0.31%, with a trading volume of 756.99 billion yuan [1] Sector Performance Top Gaining Sectors - Electronic chemicals led the gainers with a rise of 5.19%, total trading volume of 1,776.21 million hands, and a net inflow of 49.917 billion yuan [2] - Coal mining and processing increased by 4.02%, with a trading volume of 2,409.38 million hands and a net inflow of 10.97 billion yuan [2] - New metal materials rose by 2.44%, with a trading volume of 867.62 million hands and a net inflow of 3.49 billion yuan [2] Top Losing Sectors - Small home appliances experienced a decline of 1.36%, with a trading volume of 230.32 million hands and a net outflow of 7.96 billion yuan [2] - Black home appliances fell by 1.22%, with a trading volume of 304.02 million hands and a net outflow of 6.26 billion yuan [2] - IT services also decreased by 1.22%, with a trading volume of 3,712.05 million hands and a net outflow of 53.16 billion yuan [2]

2025年中国小家电市场呈现鲜明的结构性分化。在上半年小家电零售额同比下降6%-8%的大环境下，部 分细分赛道却迎来爆发式增长。其中，2025年第一季度冷萃功能咖啡机市场规模同比激增423%；2025 年洗地机行业销售额同比增长17.45%。 市场波动背后，是消费逻辑的转变。单纯以整体销售洞察行业发展已显片面，用户个性化、碎片化的需 求爆发，正持续推动一大批新兴品类的涌现和崛起，重塑着市场格局。 趋势之下，小家电企业逐步开始跳出"规模扩张"的传统制造，转向以用户需求为核心的价值链重构。制 造升级不再是简单的产能提升，而是要实现从需求洞察到产品交付的全链路精准响应。过程中，小熊电 器以数智化驱动制造，不仅实现了自身业绩的增长，更给出了颇具价值的实践答案。 数据前置抓风向，数字升级提效率 小家电消费的碎片化特征，决定了市场需求的快速迭代属性，这一点在近两年新兴品类的快速更迭中有 直观体现。像2024年，智能茶吧机、宠物小家电等品类还是年度"黑马"；来到2025年，冷萃咖啡机、变 频破壁机又成为大众"心头好"。 需求的快速迁移，意味着依赖过往销售数据研判趋势的传统模式，往往滞后于消费风向的转变，容易陷 入"跟风即过 ...