证券代码：002705 证券简称：新宝股份 公告编码：（2025）045 号 广东新宝电器股份有限公司 关于公司 2025 年度中期利润分配预案的公告 广东新宝电器股份有限公司（以下简称"新宝股份"、"公司"或"本公司"） 及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误 导性陈述或者重大遗漏。 重要内容提示： （含税），不送红股，不以公积金转增股本。 尚存在不确定性，敬请广大投资者注意投资风险。 一、 审议程序 《公司 2025 年度中期利润分配预案》已经公司第七届董事会第八次会议及 第七届监事会第七次会议审议通过，尚需提交公司 2025 年第一次临时股东大会 审议通过后方可实施。 二、 2025 年度中期利润分配预案具体情况 公司的法定盈余公积已超过公司总股本的 50%，法定公积金将在年度进行统 筹，本次中期利润分配不进行相应计提。本次股利分配后，本公司偿付能力仍保 持充足水平，满足监管要求。 为了加大对投资者回报力度，增强投资者获得感，进一步推动全体股东共享 公司经营成果，提振投资者对公司未来发展的信心，公司拟定 2025 年度中期利 润 分 配 预 案 为 ： 以 公 司 现 有 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 近日，日出东方控股股份有限公司因收到上海证券交易所2024年年度报告的信息披露监管问询函，成为 市场焦点。容诚会计师事务所针对问询函中有关财务会计问题出具了专项说明，涉及非经营性资金往 来、主营业务、货币资金及受限资产、应收款项、私募投资等多个关键领域。 主营业务：产品收入与特许经营项目情况剖析 货币资金及受限资产：资金与资产情况详细说明 非经营性资金往来：合作运营与资金占用情况披露 2024年度，日出东方子公司西藏日出东方阿康清洁能源有限公司向控股股东下属西藏隆晟能源管理有限 公司提供借款，累计发生额3261.41万元，期末借款余额285.16万元，截至2025年1月31日，借款余额为 0。双方组成联合体中标西藏自治区阿里地区措勤县城区清洁能源集中供暖试点特许经营项目，报告期 内公司向西藏隆晟采购运维服务337.37万元。 日出东方表示，与西藏隆晟合作基于发挥协同优势、降低运营风险等战略考量。西藏隆晟负责供暖系统 日常运营维护与安全合规管理。资金占用主要源于维护银企关系和补充运营资金，公司已采取整改措 施，完善内控制度。会计师认为合作具备合理性，资金占用原因 ...

Core Viewpoint - The ongoing dispute between Gree and Xiaomi regarding their rankings in the online air conditioning market continues, with both companies unwilling to accept their positions, particularly Xiaomi's claim of surpassing Gree in online sales [1][2]. Group 1: Market Position and Sales Data - Xiaomi's public relations manager shared a poem on social media, highlighting the ongoing debate about the rankings and criticizing Gree's response to the sales data [1]. - Xiaomi's online air conditioning sales reportedly surpassed Gree's, as indicated by data from Aowei Cloud Network, which became a trending topic on social media [1]. - Gree's market director countered Xiaomi's claims, stating that according to their own checks on Aowei Cloud Network, Gree maintained a leading position in the online market as of July, with a market share of 16.41% compared to Xiaomi's 13.50% [1]. Group 2: Financial Performance and Future Goals - Xiaomi's president announced a 66% growth in revenue from smart home appliances in the second quarter, with air conditioning sales growing by 60% [3]. - The company has set a strategic goal to become a top brand in the home appliance sector by 2030, aiming to rank among the top two in the air conditioning market in China [3].

Group 1 - The company announced that in the first half of 2025, it achieved operating revenue of 1.27 billion yuan, a year-on-year decrease of 1.57% [1] - The net profit attributable to shareholders of the listed company was 2.7955 million yuan, marking a turnaround from loss to profit compared to the previous year [1]

事件： 2025 年8 月26 日，万和电气发布2025 年半年报。2025H1 公司实现营业收入40.8 亿元，同比+7.1%；实 现归母净利润3.8 亿元，同比+6.7%；扣非归母净利润4.1 亿元，同比+3.0%。2025Q2 公司实现营业收入 17.9 亿元，同比-2.4%；实现归母净利润2.0 亿元，同比增加5.5%；扣非归母净利润1.9 亿元，同 比-7.2%。 投资建议：公司向内积极推行营销业务改革、价值链降本、数字化转型等变革，财报端已见实质性改 善，向外不断寻求新能源热水产业、厨房卫浴全案场景、海外广阔市场增量，公司整体进入内外兼修的 发展新阶段。预计公司25-27 年的归母净利润分别为7.3/8.3/9.4 亿元，对应动态PE 为12.6x/11.1x/9.7x， 维持"买入"评级。 风险提示：主要原材料波动风险、宏观经济和政策变化风险、汇率波动造成的汇兑损失风险、全球化运 营风险。 在全球运营的节奏上，公司在夯实OEM、ODM 优势业务的基础上，通过跨境电商、布局线下渠道等方 式稳步推进OBM 业务，多元产业的周期互补不仅可以有效应对全球化运营风险，也是公司海外业务发 展的持续源动力。 ...

格隆汇8月27日丨新宝股份(002705.SZ)公布2025年半年度报告，上半年公司实现营业收入78.02亿元，同 比增长1.03%；归属于上市公司股东的净利润5.43亿元，同比增长22.79%；归属于上市公司股东的扣除 非经常性损益的净利润5.32亿元，同比增长8.25%；基本每股收益0.6717元；拟向全体股东每10股派发 现金红利1.50元(含税)。 ...

Group 1 - Gree Electric Appliances' marketing director Zhu Lei emphasized that comparisons between Gree's older products and Xiaomi's new models are unreasonable, highlighting that Xiaomi currently only offers entry-level products in the central air conditioning sector [1] - Zhu Lei pointed out that Gree's advanced products, such as the internationally certified air conditioning systems, have no direct counterparts from Xiaomi, indicating a significant technological gap [1] - The ongoing debate about air conditioning sales between Xiaomi and Gree has escalated, with Xiaomi executives claiming online sales surpass Gree, while Gree maintains its market leadership based on different data interpretations [4] Group 2 - Xiaomi executives, including Wang Hua and Lu Weibing, have publicly acknowledged the sales competition, with Wang expressing surprise at the rapid changes in the market [4] - Gree's Zhu Lei responded to claims of Xiaomi's sales success by asserting that even Gree's older products remain technologically superior to Xiaomi's upcoming models, suggesting a generational gap in technology [4] - The controversy has led to discussions about data accuracy, with claims that the data metrics used by market research firms have been altered, affecting the sales comparisons [4]

Core Viewpoint - Xiaomi's air conditioning business is experiencing significant growth amidst a fierce price war initiated by established competitors in the traditional air conditioning market [4][8][9]. Financial Performance - Xiaomi's Q2 revenue reached 116 billion yuan, a year-on-year increase of 30.5%, with net profit at 10.8 billion yuan, up 75.4% [4]. - The smart home appliance segment, including air conditioning, saw a revenue increase of 66.2%, with air conditioner shipments exceeding 5.4 million units, marking a 60% year-on-year growth [4][8]. Market Dynamics - The air conditioning market is highly competitive, with established brands like Midea, TCL, and Gree lowering prices to counter Xiaomi's market entry [9][12]. - The average price of 1.5 HP wall-mounted air conditioners dropped from 2,536 yuan in Q4 2024 to 2,101 yuan in Q2 2025, indicating a 17.8% increase in overall market shipments for the 2025 cooling year [9][15]. Competitive Strategy - Xiaomi's initial market entry was driven by price advantages, but it has since shifted focus to features like energy efficiency and smart technology, aligning with consumer preferences for intelligent home ecosystems [16][21]. - Competitors are encouraged to innovate through differentiation and enhanced smart features rather than solely relying on price reductions [20][24]. Future Outlook - The price war has not significantly impacted Xiaomi's sales, which continue to reach historical highs, suggesting that the company has successfully established a strong market presence [15][24]. - Moving forward, Xiaomi will need to focus on expanding its market share and stabilizing its base while exploring international markets [24].

Group 1 - The core conflict in the home appliance industry is between Gree and Xiaomi, with both companies vying for the second position in the market [1] - Xiaomi's air conditioning sales surged by 20 times this summer, indicating a significant market entry and threat to traditional players [1][2] - Xiaomi's second-quarter revenue from smart home appliances grew by 66.2% year-on-year, with air conditioner shipments exceeding 5.4 million units, a 60% increase [2] Group 2 - Traditional giants like Midea and Gree have dominated the market, but Xiaomi's low-price strategy has allowed it to capture market share [2][3] - Midea's rebranding of its Hualing brand to focus on affordable products has intensified competition, with Hualing's prices undercutting Xiaomi's [3] - Xiaomi's market share is threatened not just by price competition but by its efforts to address its weaknesses in offline channels and technology [3][4] Group 3 - Xiaomi's expansion into offline channels through its car sales strategy has provided new opportunities for its home appliance products [4] - The success of Xiaomi's automotive venture has improved consumer perception of its manufacturing capabilities, benefiting its home appliance segment [4] - The trend towards younger consumers is reshaping the home appliance market, with brands needing to adapt to this demographic shift [6][8] Group 4 - The lack of innovation in traditional home appliances has created a stagnant market, with Xiaomi's entry acting as a catalyst for change [10][11] - Xiaomi's influence has led to a price war in the air conditioning market, with significant price reductions across brands [11][12] - The overall decline in consumer demand and the shift towards lower-priced products have been critical factors in the changing market dynamics [12]

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