中山淳史：电器行业的衰退一直被称为日本"失去的30年"的象征。而爱丽思欧雅玛却仿佛逆势而行， 2025财年的集团销售额增至30年前的约14倍，走过了"未曾失去的30年"…… 中山淳史： 提起日本经济产业省所在的东京霞关附近的JR浜松町站一带，这里曾是电器行业的大型厂 商设立总部及主要网点的办公街区。 后来把产品线扩大到园艺用品等，开拓了园艺、宠物用品等兴趣爱好消费市场。2006年，爱丽思欧雅玛 把业务扩大到了家电领域。同样延续了之前的成功势头，业务进一步扩大至盒装米饭、水。目前的产品 数已达到约3万种。 东芝在2025年8月迁出此地，把总部搬到了川崎市。曾在这里设立"芝浦办事处"的夏普已于2016年被台 湾资本收购。很多人都说，如今仍能保持昔日模样的大概只剩下爱丽思欧雅玛（IRIS OHYAMA，东京 办事处，总部位于仙台市）了。 如果把爱丽思欧雅玛称作日本电器产业的"传承者"，或许规模稍显不足。在被称为生活家电的领域，该 公司的份额排在日本国内第7位。 但2025财年（截至2025年12月）的集团销售额（爱丽思欧雅玛等32家公司加在一起）预计超过8000亿日 元，增至30年前的约14倍。从其他家电厂商跳槽过 ...

Group 1 - The core point of the news is that Shouhua Gas experienced a decline of 5.03% in its stock price, reaching 16.43 CNY per share, with a trading volume of 589 million CNY and a turnover rate of 12.72%, resulting in a total market capitalization of 4.465 billion CNY [1] - Shouhua Gas Technology (Shanghai) Co., Ltd. was established on January 8, 2003, and went public on June 30, 2015. The company primarily engages in the research, production, and sales of gardening products, as well as natural gas exploration, development, production, and sales [1] - The main business revenue composition of Shouhua Gas is 100% from natural gas operations, with no revenue from other sources [1] Group 2 - According to data from the top ten holdings of funds, Yongying Fund has one fund heavily invested in Shouhua Gas. The Yongying Hejia One-Year Holding Mixed A Fund (017220) held 106,700 shares in the third quarter, accounting for 0.3% of the fund's net value, making it the third-largest holding [2] - The Yongying Hejia One-Year Holding Mixed A Fund was established on December 29, 2022, with a latest scale of 258 million CNY. Year-to-date returns are 4.43%, ranking 6944 out of 8140 in its category, while the one-year return is 6.85%, ranking 6441 out of 8057 [2] Group 3 - The fund manager of Yongying Hejia One-Year Holding Mixed A Fund is Yuan Xu, who has been in the position for 1 year and 203 days. The total asset scale of the fund is 5.266 billion CNY, with the best fund return during the tenure being 8.26% and the worst being 0.12% [3]

Group 1 - The core point of the news is that Shouhua Gas experienced a decline of 6.12% in its stock price, reaching 17.80 CNY per share, with a total market capitalization of 4.837 billion CNY [1] - Shouhua Gas Technology (Shanghai) Co., Ltd. was established on January 8, 2003, and listed on June 30, 2015. The company primarily engages in the research, production, and sales of gardening products, as well as natural gas exploration, development, production, and sales [1] - The company's main business revenue is entirely derived from natural gas operations, accounting for 100% of its revenue, with no contributions from other segments [1] Group 2 - According to data from the top ten holdings of funds, Yongying Fund has a significant position in Shouhua Gas, with its Yongying Hejia One-Year Holding Mixed A Fund (017220) holding 106,700 shares, representing 0.3% of the fund's net value [2] - The fund has incurred an estimated floating loss of approximately 123,800 CNY today [2] - The Yongying Hejia One-Year Holding Mixed A Fund was established on December 29, 2022, with a current scale of 258 million CNY, yielding 4.54% this year and 6.87% over the past year [2]

11月5日，首华燃气涨5.08%，截至发稿，报14.90元/股，成交2.02亿元，换手率5.09%，总市值40.49亿 元。 截至发稿，袁旭累计任职时间1年190天，现任基金资产总规模52.66亿元，任职期间最佳基金回报 7.88%， 任职期间最差基金回报0.15%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 数据显示，永赢基金旗下1只基金重仓首华燃气。永赢合嘉一年持有混合A（017220）三季度持有股数 10.67万股，占基金净值比例为0.3%，位居第三大重仓股。根据测算，今日浮盈赚取约7.68万元。 永赢合嘉一年持有混合A（017220）成立日期2022年12月29日，最新规模2.58亿。今年以来收益3.8%， 同类排名7068/8150；近一年收益6.31%，同类排名6448/8043；成立以来收益5.74%。 永赢合嘉一年持有混合A（017220）基金经理为袁旭。 资料显示，首华燃气科技(上海)股份有限公司位于上海市闵行区元江路5000号 ...

Core Insights - The investigation revealed that three major brands in the low-cost nutrient soil market, "Huasi Lake," "Huaxiang Mud," and "Little Garden Art," have significant market shares and are linked to companies with overlapping ownership structures [1][3][4]. Company Relationships - "Huasi Lake" and "Huaxiang Mud" are produced by companies registered in the same area, with deep cooperation in nutrient soil production and sales [3]. - Wang Xian is the legal representative of "Huasi Lake," which is wholly owned by Zhejiang Zhongguojia Agricultural Technology Co., Ltd. [3]. - QScapital Limited holds a 20% stake in the involved companies, indicating a complex ownership structure [4]. Product Quality Concerns - The investigation found that samples from "Huaxiang Mud" exceeded heavy metal limits, including cadmium levels surpassing national standards [1][6]. - Other brands, including "Little Garden Art," also had products with heavy metal contamination, raising serious quality concerns [6][12]. Market Dynamics - The nutrient soil market is dominated by "Huasi Lake" and "Little Garden Art," which reportedly control 70-80% of the market [12]. - "Little Garden Art" was established in 2021 and has rapidly gained traction in the e-commerce space, leveraging factory resources from its parent company [12][13]. Regulatory Response - Following the investigation, environmental authorities in Anhui Province and Huai'an City have initiated comprehensive inspections of the implicated companies [13][14].