来源：新浪证券-红岸工作室 12月29日，欧圣电气跌2.78%，成交额9637.50万元，换手率1.47%，总市值65.06亿元。 异动分析 冰雪产业+跨境电商+家用电器+机器人概念+人民币贬值受益 1、根据2024年12月12日互动易，公司已有抛雪机和暖风机产品，抛雪机设备可以在冬季帮助人们快速 清理道路、人行道、停车场和其他大型开放区域的积雪，确保交通畅通和安全。在寒冷的季节，暖风机 可以迅速提高室内温度，为用户提供温暖。 2、2024年12月17日互动易：公司产品暂未在以上平台销售，网上销售主要是通过亚马逊等国际跨境电 商平台。 3、苏州欧圣电气股份有限公司的主营业务为空气动力设备和清洁设备的研发、生产和销售。公司的主 要产品为小型空压机、干湿两用吸尘器、家用洗地机和工业风扇。 4、近年来，公司尝试将小型空压机和干湿两用吸尘器核心技术和生产工艺与公司客户群体新产品需求 相融合，立足上述技术和工艺，目前公司已经成功开发出护理机器人等新品类产品。 5、根据2024年年报，公司海外营收占比为99.08%，受益于人民币贬值。 (免责声明：分析内容来源于互联网，不构成投资建议，请投资者根据不同行情独立判断) 资金 ...

冰雪产业+跨境电商+家用电器+机器人概念+人民币贬值受益 1、根据2024年12月12日互动易，公司已有抛雪机和暖风机产品，抛雪机设备可以在冬季帮助人们快速 清理道路、人行道、停车场和其他大型开放区域的积雪，确保交通畅通和安全。在寒冷的季节，暖风机 可以迅速提高室内温度，为用户提供温暖。 2、2024年12月17日互动易：公司产品暂未在以上平台销售，网上销售主要是通过亚马逊等国际跨境电 商平台。 3、苏州欧圣电气股份有限公司的主营业务为空气动力设备和清洁设备的研发、生产和销售。公司的主 要产品为小型空压机、干湿两用吸尘器、家用洗地机和工业风扇。 4、近年来，公司尝试将小型空压机和干湿两用吸尘器核心技术和生产工艺与公司客户群体新产品需求 相融合，立足上述技术和工艺，目前公司已经成功开发出护理机器人等新品类产品。 5、根据2024年年报，公司海外营收占比为99.08%，受益于人民币贬值。 来源：新浪证券-红岸工作室 12月18日，欧圣电气跌2.55%，成交额9201.69万元，换手率1.42%，总市值64.22亿元。 异动分析 区间今日近3日近5日近10日近20日主力净流入-734.20万212.61万-185. ...

来源：新浪证券-红岸工作室 12月10日，欧圣电气涨0.53%，成交额4000.00万元，换手率0.64%，总市值62.79亿元。 异动分析 冰雪产业+家用电器+养老概念+机器人概念+人民币贬值受益 1、根据2024年12月12日互动易，公司已有抛雪机和暖风机产品，抛雪机设备可以在冬季帮助人们快速 清理道路、人行道、停车场和其他大型开放区域的积雪，确保交通畅通和安全。在寒冷的季节，暖风机 可以迅速提高室内温度，为用户提供温暖。 2、苏州欧圣电气股份有限公司的主营业务为空气动力设备和清洁设备的研发、生产和销售。公司的主 要产品为小型空压机、干湿两用吸尘器、家用洗地机和工业风扇。 技术面：筹码平均交易成本为25.62元 该股筹码平均交易成本为25.62元，近期该股有吸筹现象，但吸筹力度不强；目前股价靠近压力位 24.90，谨防压力位处回调，若突破压力位则可能会开启一波上涨行情。 公司简介 3、2023年10月25日互动易回复：公司的护理机器人产品正受到更多国内外客户的关注，它主要用于大 小便不能自理的失能、失智老人或术后恢复期的病患，减少家人或护工的辛劳。 4、近年来，公司尝试将小型空压机和干湿两用吸尘器核心技术 ...

来源：新浪证券-红岸工作室 12月9日，欧圣电气涨0.20%，成交额7111.97万元，换手率1.12%，总市值62.46亿元。 异动分析 冰雪产业+家用电器+养老概念+机器人概念+人民币贬值受益 1、根据2024年12月12日互动易，公司已有抛雪机和暖风机产品，抛雪机设备可以在冬季帮助人们快速 清理道路、人行道、停车场和其他大型开放区域的积雪，确保交通畅通和安全。在寒冷的季节，暖风机 可以迅速提高室内温度，为用户提供温暖。 2、苏州欧圣电气股份有限公司的主营业务为空气动力设备和清洁设备的研发、生产和销售。公司的主 要产品为小型空压机、干湿两用吸尘器、家用洗地机和工业风扇。 3、2023年10月25日互动易回复：公司的护理机器人产品正受到更多国内外客户的关注，它主要用于大 小便不能自理的失能、失智老人或术后恢复期的病患，减少家人或护工的辛劳。 4、近年来，公司尝试将小型空压机和干湿两用吸尘器核心技术和生产工艺与公司客户群体新产品需求 相融合，立足上述技术和工艺，目前公司已经成功开发出护理机器人等新品类产品。 5、根据2024年年报，公司海外营收占比为99.08%，受益于人民币贬值。 (免责声明：分析内容来源于 ...

Group 1: Financial Performance and Challenges - The company's Q3 profit declined significantly due to increased management, sales, and R&D expenses, alongside the impact of the US-China tariff war [3][4] - In Q3 2025, the company reported revenue of 575 million yuan, with the Malaysian factory's output expected to contribute nearly half of total revenue [2] - The company anticipates a gradual recovery in performance as the Malaysian factory ramps up production and benefits from lower tariffs [2][6] Group 2: Production Capacity and Strategy - The Malaysian factory is strategically positioned to supply the US market, while the Suzhou factory will focus on non-US markets, ensuring balanced capacity utilization [2] - The company has implemented a reasonable capacity distribution plan to prevent overcapacity in the Suzhou factory [2] - To enhance operational efficiency, the company is optimizing production processes across both factories [2] Group 3: Product Development and Market Position - Core products will continue to focus on air compressors and vacuum cleaners, with other categories like nursing robots and outdoor equipment expected to contribute 10%-15% to overall revenue [5] - The company maintains a positive outlook for stable growth, driven by superior product quality, an efficient supply chain, and a strong customer service framework [5] - Recent certifications for the nursing robot product have bolstered the company's market position and facilitated partnerships with major strategic clients [6] Group 4: Future Outlook - The company is currently navigating the challenges posed by the tariff war and the initial operational phase of the Malaysian factory, but expects gradual improvement in profitability [6] - The company is actively exploring new business models and partnerships in the elder care sector to enhance market penetration and brand influence [6]

Core Viewpoint - Ousheng Electric experienced a slight decline in stock price and notable changes in financing activities, indicating a high level of financing balance relative to its market value, while the company continues to show growth in revenue and profit year-on-year [1][2]. Financing Activities - On October 13, Ousheng Electric's stock price fell by 0.30%, with a trading volume of 82.44 million yuan. The financing buy-in amount was 7.83 million yuan, while the financing repayment was 9.81 million yuan, resulting in a net financing outflow of 1.97 million yuan [1]. - As of October 13, the total financing and securities lending balance for Ousheng Electric was 127 million yuan, which accounts for 7.22% of its circulating market value, indicating a high level compared to the past year [1]. - The company had no securities lending activity on October 13, with a balance of 0 shares and 0 yuan, also reflecting a high level compared to the past year [1]. Company Performance - As of September 10, Ousheng Electric had 12,800 shareholders, a decrease of 9.49% from the previous period, with an average of 5,167 circulating shares per person, an increase of 10.48% [2]. - For the first half of 2025, Ousheng Electric reported a revenue of 878 million yuan, representing a year-on-year growth of 18.89%, and a net profit attributable to shareholders of 115 million yuan, also showing an 18.52% increase year-on-year [2]. Dividend Distribution - Since its A-share listing, Ousheng Electric has distributed a total of 581 million yuan in dividends, with 489 million yuan distributed over the past three years [3]. Institutional Holdings - As of June 30, 2025, among the top ten circulating shareholders of Ousheng Electric, Southern New Preferred Flexible Allocation Mixed A (000527) ranked as the fourth largest shareholder with 661,300 shares, an increase of 111,900 shares from the previous period [3]. - Changxin Domestic Demand Balanced Mixed A (012493) entered the top ten shareholders as the fifth largest with 591,300 shares, while other funds like Jiashi Theme New Power Mixed (070021) saw a decrease in holdings [3].

Core Insights - On October 9, Ousheng Electric experienced a decline of 2.78% with a trading volume of 111 million yuan, indicating a significant market reaction [1] - The company reported a financing buy-in of 12.04 million yuan and a net financing buy of 3.83 million yuan on the same day, reflecting strong investor interest despite the stock price drop [1] - As of October 9, the total margin balance for Ousheng Electric reached 130 million yuan, accounting for 7.37% of its market capitalization, which is above the 90th percentile of the past year [1] Financial Performance - For the first half of 2025, Ousheng Electric achieved a revenue of 878 million yuan, representing a year-on-year growth of 18.89%, while the net profit attributable to shareholders was 115 million yuan, up 18.52% [2] - The company has distributed a total of 581 million yuan in dividends since its A-share listing, with 489 million yuan distributed over the past three years [3] Shareholder Structure - As of September 10, the number of shareholders for Ousheng Electric decreased by 9.49% to 12,800, while the average number of circulating shares per person increased by 10.48% to 5,167 shares [2] - Notable changes in institutional holdings include Southern New Preferred Flexible Allocation Mixed Fund becoming the fourth largest shareholder with an increase of 111,900 shares, while several funds exited the top ten list [3]

Group 1 - The core point of the news is that Ousheng Electric experienced a 5.2% decline in stock price, reaching 28.83 yuan per share, with a total market capitalization of 7.35 billion yuan as of September 22 [1] - Ousheng Electric, established on September 25, 2009, and listed on April 22, 2022, specializes in the research, production, and sales of air power equipment and cleaning equipment [1] - The main revenue composition of Ousheng Electric includes vacuum cleaners (50.02%), air compressors (37.02%), accessories and others (8.70%), and industrial fans (4.26%) [1] Group 2 - Changxin Fund's Changxin Domestic Demand Balanced Mixed A (012493) entered the top ten circulating shareholders of Ousheng Electric in the second quarter, holding 591,300 shares, which accounts for 0.89% of the circulating shares [2] - The fund has reported a year-to-date return of 45.12% and a one-year return of 56.37%, ranking 1237 out of 8244 and 2536 out of 8066 respectively [2] - The fund manager, Wang Qi, has been in position for 3 years and 211 days, with the fund's total asset scale at 389 million yuan [3]

Summary of the Conference Call for 欧圣电器 Company Overview - **Company**: 欧圣电器 - **Date**: September 17, 2025 Key Points Industry and Market Performance - 欧圣电器 has effectively responded to the adverse impacts of US-China tariffs by establishing a factory in Malaysia, which has significantly reduced tariff costs for exports to the US [2][7] - New markets outside North America (ROW) are experiencing rapid growth, with ideal profit margins, compensating for the temporary capacity constraints of the Malaysian factory [2][4] - The company expects to restore previous growth momentum in the coming year, benefiting from the elimination of tariff impacts and the completion of capacity transitions [4][28] Operational Updates - The capacity of the Malaysian factory has increased significantly, with equipment utilization exceeding 80% and expected to reach 100% soon [3][6] - The company has successfully transitioned all US exports to the Malaysian factory, where tariffs are significantly lower (20%-22% compared to 55% from China) [7] - Initial operational challenges related to customs and processes have been resolved, allowing for smoother operations [8] Financial Performance - The manufacturing costs in Malaysia have become comparable to domestic costs, with scale effects and reduced depreciation driving profit margins higher [6] - The company anticipates continued improvement in profit margins in the second half of the year due to higher shipping prices from Malaysia compared to domestic prices [6] - The e-commerce business has seen rapid growth, with self-branded products performing well in emerging markets [2][17] Product Development and Innovation - The company has expanded its product range in the Malaysian factory to include new categories for US exports, leveraging existing core technologies [12] - The introduction of innovative products, such as outdoor power equipment, has received positive market feedback [12] - The nursing robot segment has made significant progress in overseas markets, with expectations for formal orders in Q4 [20][21] Customer and Order Dynamics - The company has a strong order backlog, with significant orders expected in the industrial fan business [19] - The growth of small and medium-sized customers has accelerated, particularly in the US and emerging markets, contributing positively to profit margins [14][15] - The average gross margin for small and medium-sized customers is at least 3 percentage points higher than that of large customers [16] Future Outlook - The company maintains a positive outlook for the next 2-3 years, expecting to recover growth momentum previously seen in 2024 [28] - The annual revenue guidance is set between 20%-30%, including contributions from newly acquired companies [27] - The company is actively exploring potential acquisition projects to enhance its core business and achieve synergies [29][32] Dividend and Shareholder Policies - The company plans to maintain a high level of cash dividends as long as operational and financial conditions allow [33] - There are no immediate plans for major share reductions following the upcoming shareholder lock-up expiration, with strict regulations governing any potential sales [34] Additional Insights - The company has successfully entered multiple overseas markets, including Japan, Taiwan, South Korea, and Russia, with a growing customer base in the healthcare sector [21] - The pricing strategy for overseas markets is higher than domestic prices, particularly in Japan and South Korea, which enhances profit margins [23]

Core Viewpoint - Ousheng Electric has shown a positive financial performance with significant revenue and profit growth, while also experiencing changes in shareholder structure and financing activities [1][2][3]. Financial Performance - For the first half of 2025, Ousheng Electric achieved operating revenue of 878 million yuan, representing a year-on-year growth of 18.89% [2]. - The net profit attributable to the parent company for the same period was 115 million yuan, reflecting a year-on-year increase of 18.52% [2]. Shareholder Structure - As of June 30, 2025, the number of shareholders of Ousheng Electric reached 14,200, an increase of 5.99% compared to the previous period [2]. - The average circulating shares per person decreased by 6.40% to 4,677 shares [2]. - Notable changes in institutional holdings include Southern New Optimal Flexible Allocation Mixed A becoming the fourth largest shareholder with 661,300 shares, an increase of 111,900 shares [3]. Financing Activities - On August 29, Ousheng Electric's financing buy-in amounted to 14.8461 million yuan, while financing repayment was 19.8097 million yuan, resulting in a net financing buy-in of -4.9636 million yuan [1]. - The total balance of margin trading and securities lending as of August 29 was 111 million yuan, accounting for 5.34% of the circulating market value, indicating a high level compared to the past year [1]. - There were no shares sold or repaid in the securities lending segment on August 29, with a balance of 0 shares, also reflecting a high level compared to the past year [1]. Dividend Distribution - Since its A-share listing, Ousheng Electric has distributed a total of 581 million yuan in dividends, with 489 million yuan distributed over the past three years [3].