智通财经APP讯，得邦照明(603303.SH)披露2025年第三季度报告，公司前三季度实现营收32.85亿元， 同比下降0.16%;归母净利润1.97亿元，同比下降23.65%;扣非净利润1.74亿元，同比下降25.95%;基本每 股收益0.4216元。 ...

每经头条（nbdtoutiao）——中国创新药，今年海外授权已卖出800亿美元！对话创东方投资合伙人卢 刚：生物医药二级市场火热，一级市场为何募资遇冷？ （记者 王可然） 每经AI快讯，得邦照明（SH 603303，收盘价：14.01元）10月24日晚间发布三季度业绩公告称，2025年 前三季度营收约32.85亿元，同比减少0.16%；归属于上市公司股东的净利润约1.97亿元，同比减少 23.65%；基本每股收益0.4216元，同比减少22.62%。 截至发稿，得邦照明市值为67亿元。 ...

Core Viewpoint - Zhejiang Sunshine Lighting Electric Group Co., Ltd. has made significant movements in its private equity investment, indicating a proactive approach to managing its investment portfolio and market risks [1] Group 1: Investment Activities - In October 2021, the company subscribed to the Huansheng 500 Index Enhanced Enjoyment No. 18 Private Securities Investment Fund with an investment of 300 million yuan [1] - On October 8, 2024, the company redeemed a portion of its investment in the fund [1] - On September 17, 2025, the company applied to redeem 59,920,000 shares, amounting to 98,065,000.58 yuan, with cumulative investment returns of 32,622,415.64 yuan from this redemption [1] - As of September 23, 2025, the company still holds 71,890,509.28 shares in the fund [1] Group 2: Operational Impact and Risk Management - The recent redemption does not affect the company's operations, indicating a stable operational status despite investment activities [1] - The company emphasizes the importance of market monitoring and risk prevention, advising investors to make rational investment decisions [1]

Revenue Breakdown - In the first half of 2025, revenue by region is as follows: Europe 45.46%, Asia (exports) 18.71%, Oceania 14.71%, Americas 14.38%, and domestic sales 5.05% [1] Vietnam Factory - The Vietnam factory is scheduled to be operational by August 2026, with a full capacity output value of 500 million yuan [2] - The factory aims to meet the expansion demands of the North American market and address potential trade protection issues in Europe [2] Special Lighting Segments - The company currently has four special lighting segments: plant lighting, emergency lighting, medical beauty lighting, and explosion-proof lighting, which collectively account for over 6% of revenue [2] - Each segment aims for revenue targets of 100 to 150 million yuan over the next 2-3 years [2] - Emergency lighting is projected to grow by 20-30% in 2024, with a revenue target of over 42 million yuan [2] - The explosion-proof lighting segment achieved revenue of over 14 million yuan in the first half of 2025, a year-on-year increase of 435.52% [2] Order Status - The current order backlog exceeds 300 million yuan, with Europe being the primary revenue source [2] Impact of US Tariffs - In the first half of 2025, products exported to the US accounted for approximately 7% of total revenue, indicating minimal impact from US tariffs [2] Capital Expenditure Plans - Future capital expenditures will focus on increasing R&D investment, acquiring self-owned factory space, and adhering to planned fundraising allocations [3] Profit Growth Drivers - Key drivers for future profit growth include enhanced R&D investment, market expansion in Europe, Oceania, Asia-Pacific, and the Middle East, and improved internal supply chain management [3] Dividend Policy - The company plans to distribute at least 50% of its distributable profits as cash dividends annually from 2023 to 2025 [3] - In 2023, cash dividends amounted to 249 million yuan, with a payout ratio of 108.22% [3] - In 2024, cash dividends are projected to be 196 million yuan, with a payout ratio of 84.80% [3] Share Buyback - The company has repurchased 1,483,309 shares, representing 1.4171% of total shares, with a total transaction amount of approximately 49.5 million yuan [3] Investor Communication - The company emphasizes the importance of investor communication and aims to enhance information disclosure quality through regular reports and investor relations activities [4]

Core Viewpoint - The company plans to distribute a cash dividend of 0.641 yuan per share, pending approval from the shareholders' meeting [1][2]. Group 1: Profit Distribution Plan - As of June 30, 2025, the company achieved a net profit attributable to shareholders of 142,819,833.34 yuan, with undistributed profits amounting to 1,439,967,670.69 yuan [1]. - The total share capital of the company is 476,944,575 shares, with 9,285,538 shares in the repurchase account, resulting in 467,659,037 shares eligible for profit distribution [1]. - The total cash dividend to be distributed is 299,769,442.72 yuan (including tax) [1]. Group 2: Decision-Making Process - The Audit Committee approved the profit distribution plan on August 14, 2025, stating that the dividend standards and ratios are clear and align with the company's actual situation and shareholder interests [2]. - The Board of Directors approved the profit distribution plan on August 15, 2025, confirming it complies with the company's profit distribution policy and previously disclosed dividend plans [2]. - The Supervisory Board supports the profit distribution plan, emphasizing it considers the company's operational performance, financial status, and long-term development [2].

Core Viewpoint - The ongoing trademark infringement dispute between Huizhou NVC Lighting Technology Co., Ltd. and Shandong NVC Lighting Development Co., Ltd. has gained significant attention, with the Supreme People's Court and other authorities confirming that Shandong Development's unauthorized use of Huizhou NVC's registered trademark constitutes trademark infringement [1][4]. Group 1: Trademark Infringement Details - The Supreme People's Court confirmed the validity of the termination agreement between Huizhou NVC and Shandong Development, which ended all cooperation and trademark authorization as of June 15, 2015 [2][3]. - Despite the termination of trademark rights, the court ruled that the agreement did not explicitly terminate Shandong Development's use of the "NVC" name, leading to a rejection of Huizhou NVC's request to change the company name [3]. - The court emphasized that Shandong Development must not use the "NVC" name in a way that could confuse consumers, particularly in contexts beyond the company name [3]. Group 2: Legal Actions and Consequences - The Tianjin People's Court ruled that Shandong Development's use of the "NVC" name in a manner that could confuse consumers constitutes trademark infringement, requiring them to cease production and sales of infringing products [4]. - Huizhou NVC has issued a lawyer's letter demanding that Shandong Development stop unauthorized use of its registered trademark, threatening criminal liability for continued infringement [5]. - The State Administration for Market Regulation initiated a comprehensive investigation into the trademark infringement case, confirming that Shandong Development's authorization to use the trademark had been terminated since August 31, 2015 [6].