Group 1 - The Civil Aviation Administration of China has announced a ban on carrying power banks without 3C certification, unclear 3C markings, or recalled models on domestic flights starting from June 28 [1][2] - Jinan Airport has set up 30 promotional signs and posters to inform travelers about the new regulations regarding power banks [2][5] - Qingdao Airport has also implemented the same ban and provided guidance on identifying the 3C certification on power banks [5][7] Group 2 - In the railway sector, power banks must have clear markings and a single rated energy not exceeding 100Wh to be allowed on trains, with additional restrictions on recalled products [8][9] - Travelers are advised to check the specifications of their power banks, as 100Wh is approximately equivalent to 27027mAh at a common voltage of 3.7V [8] - Other electrical items such as electric scooters and batteries exceeding 100Wh are prohibited from being carried on trains, while certain appliances can be carried but not used on board [9]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 近期，港股IPO市场持续火爆，但在6月25日上市的曹操出行和香江电器则未能延续这一热度。 Wind显示，曹操出行和香江电器双双破发，二者发售价分别为每股41.94港元和每股2.86港元。截至收 盘，曹操出行下跌14.16%，收盘价报每股36港元；香江电器下跌11.89%，收盘价报每股2.52港元。 | | 36.000 -5.940 -14.16% | 32.867 (CNY) | | | | | 曹操出行 立即 2643 交易 | | --- | --- | --- | --- | --- | --- | --- | --- | | HKEX HKD 16:08:14 | | | | | | | 1 . . + | | 卖比 | -76.77% === | | -1434 | रेस | | 0.00% 120H | 0.00% | | 卖五 | 36.200 | 4.25万 ( | 18 ) | 5日 | | 0.00% 250日 | 0.00% | | 255 | 36.150 1300 | | 5) | 20日 | | 0.00 ...

近期，港股IPO市场持续火爆，但在6月25日上市的曹操出行和香江电器则未能延续这一热度。 Wind显示，曹操出行和香江电器双双破发，二者发售价分别为每股41.94港元和每股2.86港元。截至收盘，曹操出行下跌14.16%，收盘价报每股36港元；香江电 器下跌11.89%，收盘价报每股2.52港元。 | 36.000 -5.940 -14.16% | | 32.867 (CNY) | | | | | | 曹操出行 立即 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | 2643 交易 | | HKEX HKD 16:08:14 | | | | | | | | 1 . + | | 安化 | -76.77% 变差 | | -1434 | 文年 | | 0.00% 120日 | | 0.00% | | 死 | 36.200 | 4.25万 | 18 ) | 5日 | | 0.00% 250日 | | 0.00% | | 卖口 | 36.150 | 1300 | 5) | 20日 | | 0.00% 52周高 | | ...

香江电器是生活家居用品制造商，其大部分收益来自厨房小家电的销售。公司以ODM/OEM模式营运，客户包括沃尔玛、 Telebrands、Sensio、飞利浦等。据弗若斯特沙利文报告，以2024年出口额计算，公司为中国厨房小家电行业的第十大企业，拥有 0.8%的市场份额。 公司专注电器类家居用品及非电器类家居用品的研发、设计、生产与销售。其中，香江电器的电器类家居用品包括电烤炉、空气 炸锅、电热水壶、搅拌机、打蛋器、电动开罐器、电子秤、加湿器、激光灯等，同时公司还提供花园水管、锅具等非电器类家居 用品。 具体来看，2022财年、2023财年、2024财年（简称"报告期"），香江电器来自电器类家居用品的营收占比在80%左右，占比较 大，非电器类家居用品的营收占比相对较低。 | | 2022財政年度 | | 2023財政年度 | | 2024財政年度 | | | --- | --- | --- | --- | --- | --- | --- | | | 人民幣千元 | 96 | 人民幣千元 | % | 人民幣千元 | % | | 電器類家居用品 | | | | | | | | 一雷熱類家電 | 459.013 | 4 ...

来源|贝多财经 湖北又增加一家上市公司。 6月25日，湖北香江电器股份有限公司（下称"香江电器"，HK:02619）在港交所上市。本次上市，香江 电器的发行价为2.86港元/股，全球发售约6822万H股，募资总额约为1.95亿港元，募资净额约1.56亿港 元。 上市首日，香江电器的开盘价为2.65港元/股，市值约7.2亿港元。而按发行价计算，香江电器的市值约 为7.8亿港元。本次上市，香江电器引入了3名基石投资者，合共认购该公司人民币8000万元的股份。 天眼查App信息显示，香江电器成立于2012年7月，位于湖北省黄冈市。目前，该公司的注册资本约为 2.05亿元，法定代表人为潘允，主要股东包括潘允、蕲春华钰科技管理中心（有限合伙）等。 据招股书介绍，香江电器是一家生活家居用品制造商。目前，香江电器主要以ODM/OEM模式运营，客 户群包括沃尔玛、Telebrands、SEB Asia Ltd （「SEB」）、Sensio、Hamilton Beach及飞利浦等。 具体而言，香江电器专注电器类家居用品及非电器类家居用品的研发、设计、生产与销售，尤其是厨房 小家电。根据弗若斯特沙利文报告，以2024年出口额计算 ...

To C 端空冰洗业务稳健增长。根据产业在线数据，2024 年空调内销出货量1.04 亿台，同比+5%，外销 出货量0.96 亿台，同比+36%，合计出货量2.01 亿台，同比+18%，年度空调出货量首次突破2 亿台。市 场份额方面，美的自2022 年10 月以来，空调总出货量市占率稳居行业第一，2025 年2 月，美的空调总 出货量市占率达到31.90%。2023 年公司暖通空调板块实现收入1611 亿元，2017-2023 年CAGR 达到 9%，2023 年公司消费电器板块实现收入1347 亿元，2017-2023 年CAGR 为5%。 机构：申万宏源研究 研究员：刘正/刘嘉玲 收入业绩稳健增长，盈利能力持续提升。美的集团2024 年实现总营收4090.84 亿元，同比+9%；归母净 利润385.37 亿元，同比+14%，扣非归母净利润357.41 亿元，同比+8%。 2011-2024 年公司营业总收入CAGR 为9%，归母净利润CAGR 为20%，收入、利润保持稳步增长态势。 分区域看，国内市场方面，2024 年公司国内收入2381 亿元，同比+8%。 据奥维云网数据显示，2024 年在家用空调、干 ...

Group 1: IPO Information - Five companies are currently seeking IPOs on the Hong Kong Stock Exchange, with a rush to complete before June 30 to avoid additional reporting requirements [1] - Xiangjiang Electric (02619.HK) is offering 6,822 shares, with a price range of HKD 2.86 to 3.35, aiming for a market capitalization of HKD 780 million to 914 million [1] - The company has a price-to-earnings ratio of 6 times and plans to list on June 25, with cornerstone investors subscribing to 40.46% of the offering [1] Group 2: Company Overview - Xiangjiang Electric, established in 2012, operates primarily in the ODM/OEM model, producing kitchen appliances and non-electrical products [2] - The company ranks as the tenth largest in China's kitchen small appliance industry, holding a market share of 0.8% [2] - Notably, it has significant market shares in specific product categories, such as 24.6% in electric kettles in the U.S. and 59.6% in Canada [2] Group 3: Financial Performance - Revenue projections for Xiangjiang Electric show growth from RMB 1.1 billion in 2022 to RMB 1.5 billion in 2024, with net profits increasing from RMB 0.82 billion to RMB 1.40 billion [3][4] - The majority of revenue comes from electrical home appliances, which accounted for 79.2% of total revenue in 2024 [4] Group 4: Revenue Sources and Risks - 97.3% of the company's revenue is derived from the ODM/OEM model, with major clients including Walmart and Philips [5] - The company faces challenges with pricing power, as evidenced by a 3.2% drop in average prices for electric products amid rising material costs [5] - Xiangjiang Electric is expanding its production capacity overseas to mitigate tariff risks, with factories planned in Indonesia and Thailand [6][7] Group 5: Market Context and Valuation - The global small appliance market is projected to reach USD 183.5 billion in 2024, with kitchen appliances being the largest segment [8] - Xiangjiang Electric's IPO valuation is estimated at HKD 780 million to 914 million, which is lower than the average PE ratio of 8 times for Hong Kong manufacturing firms [8] - The company’s reliance on the ODM model poses sustainability challenges, necessitating a shift towards developing proprietary brands or acquiring smaller brands [8] Group 6: Subscription and Market Sentiment - The IPO is expected to be oversubscribed, with a potential subscription ratio of 34 times, indicating strong market interest [9] - However, the overall sentiment towards the stock is cautious, with some analysts suggesting a lack of compelling investment highlights [9]

格隆汇6月17日丨香江电器(02619.HK)发布公告，公司拟全球发售6822万股H股(视乎超额配股权行使与 否而定)，中国香港发售股份682.2万股，国际发售股份6139.8万股；2025年6月17日至6月20日招股，预 期定价日为6月23日；发售价将为每股发售股份2.86-3.35港元，每手买卖单位为1000股，国金证券(香港) 为独家保荐人；预期股份将于2025年6月25日开始在联交所买卖。 集团估计将收取全球发售所得款项净额约1.718亿港元，并假设发售价为每股H股3.11港元(即指示性发 售价范围的中位数)及超额配股权未获行使。为配合集团的策略，集团拟动用全球发售所得款项净额约 41.9%用于设立泰国厂房以增强全球布局；约15.8%将用于自动化与数字化升级改造以实现可持续增 长；约37.3%将用于设立新研发中心；以及所得款项净额约5.0%将用作集团的一般营运资金。 集团已订立基石投资协议，据此，基石投资者已同意在若干条件的规限下，按发售价认购或促使各自的 指定实体认购下表所载列的有关数目的发售股份。假设发售价为每股H股3.11港元(即本招股章程所载指 示性发售价范围的中位数)，基石投资者将认购的发售 ...

Group 1 - The company, 香江电器, plans to conduct an IPO from June 17 to June 20, 2025, offering 68.22 million shares, with 10% allocated for Hong Kong and 90% for international sales. The expected share price ranges from HKD 2.86 to HKD 3.35, with trading commencing on June 25, 2025 [1] - The company operates primarily in the ODM/OEM model and has established a customer base comprising globally recognized brands such as Walmart, Telebrands, SEB Asia Ltd, Sensio, Hamilton Beach, and Philips. The majority of its revenue comes from kitchen small appliances [1] - According to a report by Frost & Sullivan, the company ranks as the tenth largest player in China's kitchen small appliance industry with a market share of 0.8% based on export value in 2024 [1] Group 2 - The company focuses on the research, design, production, and sales of both electrical and non-electrical home products. Electrical home products are categorized into three main types: (i) heating appliances like electric ovens, air fryers, and electric kettles; (ii) electric appliances like mixers, egg beaters, and electric can openers; and (iii) electronic appliances like electronic scales, humidifiers, and laser lights. Non-electrical home products include garden hoses and cookware [2] - The company has entered into cornerstone investment agreements, with cornerstone investors agreeing to subscribe for approximately 27.6 million shares, representing about 40.46% of the total shares offered, assuming a median offer price of HKD 3.11 per share [2] Group 3 - The company estimates that the net proceeds from the global offering will be approximately HKD 172 million (around RMB 159 million), assuming the median offer price of HKD 3.11 per share and that the over-allotment option is not exercised. The proceeds will be allocated as follows: approximately RMB 66.4 million (about HKD 71.9 million) for establishing a factory in Thailand, RMB 25.1 million (about HKD 27.2 million) for automation and digital upgrades, RMB 59.1 million (about HKD 64.1 million) for setting up a new R&D center, and RMB 7.9 million (about HKD 8.6 million) for general working capital [3]

当前电热水壶市场鱼龙混杂，部分网红品牌重营销轻研发，依赖贴牌代工制作产品。这使得它们的产品常出现加热慢、受热不均的问题，使用 时异味明显，更严重的是可能存在重金属超标、释放有毒物质等风险。而且由于温控不准，容易出现 "千滚水""半生水" ，还有起火、爆炸的 隐患。 电热水壶哪个牌子好？接下来，让我们深入分析电热水壶排行榜上榜品牌的产品性能，看看哪些才是真正的优质之选！ 1、宫菱FXGONNE 品牌背景：许多电热水壶品牌为了能卖货拼低价、颜值、靠各种噱头功能吸引消费者，但是产品性能与耐用性越来越糟，还经常出现有毒有害 事故。所以我在此力荐专业老牌宫菱，它家10多年死磕高于母婴级食品标准的"安全无毒、高性能"。宫菱曾为全球多家知名品牌定制"安全无 毒"家电技术解决的方案，且技术不断创新，成功实现了产品安全无毒性提高96.7%，加热效率提升73%，做到无千滚水隐患、无重金属、无半 生水现象、无涂层覆盖还有无胶水衔接设计。 研发理念：而且像补贴大战、促销这类活动宫菱都不参与，他家舍弃臃肿功能，守卫产品安全、性能、品质成本，高度重视安全无毒下的发烧 级性能。 一、消费痛点解析 挑选电热水壶（亦称电水壶、电烧水壶等）时， ...