? 会议召开时间：2025 年 06 月 10 日(星期二) 下午 14:00-17:00 ? 会议召开地点：上海证券交易所上证路演中心（网址： 证券代码：603579 证券简称：荣泰健康 公告编号：2025-037 转债代码：113606 转债简称：荣泰转债 上海荣泰健康科技股份有限公司 关于参加 2024 年度沪市主板智能家居专题集体业 绩说明会暨召开公司 2024 年度及 2025 年第一季度业 绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： http://roadshow.sseinfo.com/） ? 会议召开方式：现场交流、上证路演中心视频直播和网络互动 ? 投资者可于 2025 年 06 月 04 日 （星期三） 至 06 月 09 日 （星期一） 箱 Public@rotai.com 进行提问。公司将在说明会上对投资者普遍关注的问题 进行回答。 上海荣泰健康科技股份有限公司（以下简称"公司"）已于 2025 年 4 月 24 发布公司 2024 年年度报告及 2025 年第一季度 ...

证券代码：603311 证券简称：金海高科 公告编号：2025-031 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 会议召开时间：2025 年 6 月 10 日(星期二)14:00-17:00 ? 会议召开地点：上海证券交易所上证路演中心（以下简称"上证路演中 心"）（网址：http://roadshow.sseinfo.com/） 浙江金海高科股份有限公司 关于参加 2024 年度沪市主板智能家居专题 ? 会议召开方式：上证路演中心视频直播和网络互动 集体业绩说明会的公告 ? 投资者可于 2025 年 6 月 4 日(星期三)至 6 月 9 日(星期一)16:00 前登录 上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 touzizhe@goldensea.cn 进行提问。公司将在说明会上对投资者普遍关注的问题 在信息披露允许的范围内进行回答。 三、参加人员 公司董事长兼总经理丁伊可女士、独立董事张淳先生、董事兼财务总监任飞 先生、董事会秘书黄淑君女士。如遇特殊情况，前述参会人员将可能进行调 ...

Core Viewpoint - Shenzhen Zhiyan Technology Co., Ltd. has officially initiated its listing guidance with CICC as the advisory institution, showcasing strong revenue growth and future projections for significant increases in revenue [1][4]. Company Overview - Zhiyan Technology, established in 2017 and headquartered in Nanshan, Shenzhen, focuses on the research and development of smart home products and supply chain optimization [2]. - The company aims to become a global leader in the smart home sector, leveraging IoT, AI, and big data technologies to enhance user experience [2]. - Zhiyan's product range includes smart ambient lighting and small appliances, with its Govee brand achieving high market shares globally [2]. Financial Performance - In its second year, Zhiyan Technology reported revenues of 4.22 billion yuan, which increased to 5.27 billion yuan in the first half of 2020, indicating robust growth [1][4]. - Media reports suggest that revenues could reach 3 billion yuan in 2023 and exceed 4 billion yuan in 2024 [1][4]. Listing Guidance Process - The listing guidance will focus on ensuring the company operates independently across various aspects, including business, assets, personnel, and finance [2]. - The guidance will also emphasize the establishment of a sound internal decision-making and control system, as well as a robust financial management framework [2]. Future Plans - The company plans to participate in regulatory tests organized by the Shenzhen Securities Regulatory Bureau between August and September 2025, with a goal to submit a guidance acceptance report by October 2025 [3]. Investment Background - Prior to the listing guidance, Zhiyan Technology received investments from notable institutions, including a 40 million yuan investment from Anker Innovation in 2021 [4].

证券代码：600839 证券简称：四川长虹 公告编号：临 2025-039 号 四川长虹电器股份有限公司 关于参加 2024 年度沪市主板智能家居专题集体业绩 说明会暨召开 2025 年第一季度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 ? 会议召开方式：现场交流、视频直播和网络文字互动 ? 投资者可于 2025 年 6 月 3 日（星期二）至 6 月 9 日（星期一）16:00 前 登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 进行回答。 四川长虹电器股份有限公司（以下简称"公司"）已于 2025 年 4 月 26 日披露 公司 2024 年年度报告及其摘要、2025 年第一季度报告，为便于广大投资者更全 面深入地了解公司经营情况，公司将参加 2024 年度沪市主板智能家居专题集体 业绩说明会暨召开 2025 年第一季度业绩说明会，现将有关事项公告如下： 一、说明会类型 本次业绩说明会以现场交流、视频直播和网络文字互动的形式召开，公司将 针对 2024 年度及 2025 年第一季度的经营 ...

Group 1 - The 2025 Copper Business Conference was held in Chongqing, focusing on promoting investment and talent attraction to boost the local economy [1][3] - The conference showcased the economic and social development of the Tongliang District, presenting a development opportunity list for 2025 with 74 quality projects and a total investment scale of 75.2 billion yuan [3] - A total of 23 projects were signed at the conference, covering various industries with a planned total investment of 10.915 billion yuan [4] Group 2 - The conference also announced the commencement of 14 projects and the completion of 10 projects, with a total investment of 5.1 billion yuan, significantly contributing to the local industrial chain [4] - Tongliang District appointed 25 investment consultants and recognized outstanding individuals and collectives for their contributions to the high-quality development of the private economy [8] - The district aims to achieve a GDP and industrial output value exceeding 100 billion yuan by 2030, focusing on creating a first-class business environment [11][12] Group 3 - The district has established a modern industrial system characterized by two leading industries and four specialty industries, with a focus on new energy storage and intelligent connected vehicles [11] - Notable companies, including major service providers and software firms, have signed agreements to establish their headquarters in Tongliang, aiming for significant revenue growth by 2025 [12] - The conference set a goal to create a positive atmosphere for investment, aiming to attract more entrepreneurs to invest and settle in Tongliang [12]

Core Viewpoint - The news highlights internal conflicts within a prominent smart home company, Chasing Technology, regarding employee work hours and management's expectations, which have sparked public backlash and concerns about the company's culture and financial stability [1][3][4]. Group 1: Employee Work Hours and Management Expectations - Management criticized employees in Shenzhen for shorter work hours compared to their counterparts in Suzhou, with Shenzhen employees reportedly leaving before 8 PM while Suzhou employees often worked until 10:30 PM or later [1][3]. - The management emphasized the importance of efficiency over mere hours worked, suggesting that employees should find a work-life balance that allows for productivity without unnecessary overtime [3][4]. Group 2: Public Reaction and Brand Image - The company's management comments led to negative public sentiment, with many users on social media calling for a boycott of the brand, labeling it as unfriendly to workers [6][4]. - There are reports of employees feeling pressured to work overtime voluntarily, with some even submitting "voluntary overtime applications" to improve their financial situations [8]. Group 3: Financial and Operational Challenges - Chasing Technology has not achieved profitability across its business segments, and there are concerns about cash flow pressures following a failed investment agreement, leading to speculation about potential salary cuts and layoffs [11]. - The company has not secured any new funding since its C+ round in May 2023, raising concerns about its financial health and ability to sustain operations in a competitive market [12][13].

Group 1 - The trend of foreign tourists traveling to China for shopping is on the rise, with many bringing empty boxes to take advantage of the shopping opportunities available [1] - The popularity of "national tide" products, such as those from Pop Mart, is attracting international visitors, with many seeking limited editions and new releases not yet available abroad [3] - The introduction of a new tax refund policy lowering the minimum purchase amount for refunds is encouraging more tourists to shop at local stores, enhancing the visibility of domestic brands [3] Group 2 - Unique cultural and creative products, such as traditional crafts and personalized items, are increasingly favored by foreign tourists, with many seeking souvenirs that reflect Chinese culture [5] - The 240-hour visa-free policy has led to a rise in demand for customized Chinese clothing, with tourists appreciating the quality and affordability of local tailoring services [8] - High-quality Chinese tech products, including smartphones and drones, are gaining popularity among international visitors, indicating a shift in shopping preferences from traditional souvenirs to modern electronics [10] Group 3 - The cost-effectiveness of Chinese manufactured goods is a significant draw for foreign tourists, with many finding substantial savings compared to prices in their home countries [12] - The convenience of payment methods and the "immediate refund" tax policy are enhancing the attractiveness of shopping in China for international tourists [13]

Core Viewpoint - The global home solutions market is undergoing a significant transformation driven by technological innovation and user demand upgrades, transitioning from digitalization to AI integration, enhancing the overall home living experience [1] Company Overview - Shenzhen Huaxida Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities International as the sole sponsor [1] - The company has evolved from a chip developer to a comprehensive AI Home solution provider, focusing on the application of AI technology in home environments [2][3] Business Development - Huaxida Technology has expanded its business from encrypted chip development to digital TV modules and streaming solutions, becoming the largest global supplier of Android TV smart terminals by 2024 [2] - The company launched the XMediaTV streaming platform in 2017 and entered the network infrastructure sector in 2020, introducing various products including Wi-Fi routers and optical network terminals [2] Revenue Performance - The company's revenue for 2022, 2023, and 2024 was approximately 2.529 billion RMB, 2.367 billion RMB, and 2.541 billion RMB, respectively, with net profits declining from 251 million RMB in 2022 to 137 million RMB in 2024 [5] - The primary revenue source is from AI Home devices, which accounted for 80% of revenue in 2022 but decreased to 70.3% by 2024 [6][8] Market Position - Huaxida Technology ranks as the eighth largest provider of AI Home solutions for enterprise clients globally and the third largest in China, with a market share of 2.7% [3][13] - The company heavily relies on overseas markets, with revenue from international sales constituting 97% in 2022, 95.8% in 2023, and 94.7% in 2024 [9] Industry Outlook - The global AI Home solutions market is projected to grow from $53.5 billion in 2020 to $88.6 billion by 2024, with a compound annual growth rate (CAGR) of 13.4% [10] - The market for enterprise-level AI Home solutions is expected to expand from $6.6 billion in 2020 to $13 billion by 2024, with a CAGR of 18.5% [13] Competitive Landscape - The AI Home solutions industry is characterized by rapid technological changes and intense competition, with Huaxida facing challenges in maintaining its competitive edge [14]

Core Insights - The average collective income of 28 villages (communities) in Zhongshan Xiaolan Town has surpassed 100 million yuan, forming a high-density cluster of "billion-yuan villages" as a result of the "Hundred Counties, Thousand Towns, and Ten Thousand Villages High-Quality Development Project" [1][2] Group 1: Economic Performance - Xiaolan Town's total collective income reached 3.054 billion yuan, with 13 villages (communities) exceeding 100 million yuan in income, led by Yongning Community at 420 million yuan [1] - The town has developed eight industrial clusters, leading to the highest GDP, operating entities, and retail sales in Zhongshan City for 2024 [1] - Yongning Community has transformed its traditional industries towards smart locks and smart home products, significantly increasing collective income [1] Group 2: Community Development - Jidong Er Community has emerged as a new "billion-yuan village," benefiting from the opening of the first provincial-level demonstration business district in Zhongshan, which attracts up to 100,000 visitors daily and creates over 2,000 jobs [2] - The community's collective income for 2024 is projected at 110 million yuan, with residents receiving dividends of 8,100 yuan per share [2] - The local government is implementing paired assistance between affluent and economically weaker villages to accelerate regional coordinated development [2] Group 3: Policy and Strategy - Zhongshan is recognized for its balanced urban-rural income distribution, maintaining the smallest income gap in Guangdong Province for 11 consecutive years [2] - The city is executing a rural collective economy doubling plan, focusing on cultivating "strong village companies" and establishing mechanisms for reinvesting collective income [2] - The development of the "billion-yuan village" cluster is seen as a model for balanced urban-rural development and a successful implementation of the "Hundred Counties, Thousand Towns, and Ten Thousand Villages" initiative [2]

Core Viewpoint - The current consumption policies are driving a dual engine of "traditional consumption upgrade" and "new consumption expansion," leading to a significant surge in the consumption sector, particularly in Hong Kong stocks, which have seen multiple companies reach historical highs [1][5]. Consumption Sector Analysis - The consumption sector, represented by food and beverage, textiles and apparel, and home appliances, has maintained strong dividend capabilities, with an average dividend yield of around 4% and a median yield of 5% for companies with a market capitalization over 200 billion [2][3]. - High dividend rates signal healthy financial conditions and strong profitability, enhancing investor confidence and potentially leading to higher valuation premiums for the sector [3]. Investment Preferences - The consumption sector is favored for its stability and maturity, with a low valuation (20x PE) and high dividend yield (3.41%), making it attractive compared to fixed-income products [4]. - Institutional investors, such as pension funds and social security funds, are increasingly allocating to the consumption sector, with the latter's holdings reaching 28% by the end of 2024 [4]. Future Consumption Trends - The expansion of domestic demand is being driven by two main trends: the rise of electric vehicles and the explosive growth of smart home technology, with the smart home market expected to exceed 800 billion by 2025 [6][7]. - The integration of AI in traditional home appliances is expected to enhance competitiveness and market share in the smart home sector [8]. Market Dynamics - The upcoming consumption peaks during the Dragon Boat Festival and the 618 shopping festival are anticipated to create significant consumer demand, particularly in electronics and home appliances, with price reductions of 20%-30% due to subsidies [10]. - Cultural consumption is also expected to rise, with historical data indicating that cultural activities during holidays can account for 25%-40% of spending in major provinces [10]. Challenges in Consumption - Certain sectors, such as luxury goods, may face demand challenges due to a shift towards more rational consumer behavior and competition from local brands [11]. - Traditional fuel vehicles are likely to experience long-term demand pressure as the market shifts towards electric vehicles, particularly in the sub-150,000 yuan segment [11]. New Consumption Concepts - The emergence of new consumption concepts, such as emotional and experiential consumption, is reshaping valuation logic in the industry, requiring a shift from traditional financial metrics to a combination of hard data and soft value assessments [12]. - Companies that successfully integrate emotional value with their business models may uncover new growth opportunities beyond traditional valuation frameworks [12]. Investment Opportunities - The consumption sector presents investment opportunities driven by policy support and the dual appeal of low valuations and high dividends, particularly in areas like smart wearables and home appliances [13]. - Emerging consumption scenarios, such as blind box consumption and pet economy, also offer significant market potential [13].