万和电气今年以来股价涨13.32%，近5个交易日跌3.66%，近20日跌7.45%，近60日跌3.42%。 机构持仓方面，截止2025年9月30日，万和电气十大流通股东中，红利低波（512890）位居第四大流通 股东，持股3150.51万股，相比上期增加234.35万股。香港中央结算有限公司位居第五大流通股东，持股 2491.61万股，相比上期减少597.29万股。创金合信中证红利低波动指数A（005561）位居第十大流通股 东，持股608.34万股，为新进股东。 今年以来万和电气已经2次登上龙虎榜，最近一次登上龙虎榜为1月20日，当日龙虎榜净买入-332.13万 元；买入总计5309.65万元 ，占总成交额比9.79%；卖出总计5641.78万元 ，占总成交额比10.40%。 责任编辑：小浪快报 资料显示，广东万和新电气股份有限公司位于广东省佛山市顺德高新区(容桂)建业中路13号，成立日期 2003年12月29日，上市日期2011年1月28日，公司主营业务涉及厨卫电器的研发、生产和销售。主营业 务收入构成为：厨房电器50.15%，生活热水43.90%，其他3.60%，其他(补充)1.96%，综合服务0.39 ...

Core Viewpoint - Wanhe Electric experienced a decline of 1.51% in stock price on October 23, with a trading volume of 77.22 million yuan, indicating a potential shift in investor sentiment and market dynamics [1]. Financing Summary - On October 23, Wanhe Electric had a financing buy-in amount of 7.16 million yuan and a financing repayment of 5.18 million yuan, resulting in a net financing buy of 1.98 million yuan [1]. - The total financing and securities lending balance for Wanhe Electric reached 72.42 million yuan, with the financing balance accounting for 0.83% of the circulating market value, which is above the 90th percentile level over the past year, indicating a high level of financing activity [1]. - In terms of securities lending, 400 shares were repaid and 200 shares were sold on October 23, with a selling amount of 2,344 yuan, while the securities lending balance was 194,600 yuan, which is below the 50th percentile level over the past year, suggesting a lower level of short selling activity [1]. Company Performance - As of June 30, Wanhe Electric had 15,700 shareholders, a decrease of 15.80% from the previous period, while the average circulating shares per person increased by 18.76% to 42,103 shares [2]. - For the first half of 2025, Wanhe Electric reported a revenue of 4.08 billion yuan, representing a year-on-year growth of 7.14%, and a net profit attributable to shareholders of 379 million yuan, which is a 6.68% increase compared to the previous year [2]. - Since its A-share listing, Wanhe Electric has distributed a total of 3.205 billion yuan in dividends, with 932 million yuan distributed over the past three years [2]. Shareholding Structure - As of June 30, 2025, Hong Kong Central Clearing Limited was the fourth largest circulating shareholder of Wanhe Electric, holding 30.89 million shares, an increase of 181,300 shares from the previous period [2]. - The fifth largest circulating shareholder, Hongli Low Volatility (512890), held 29.16 million shares, with an increase of 4.79 million shares compared to the previous period [2].

Core Viewpoint - Wanhe Electric's stock price has experienced fluctuations, with a recent decline of 2.02% and a year-to-date increase of 16.82% [1] Financial Performance - For the first half of 2025, Wanhe Electric achieved a revenue of 4.083 billion yuan, representing a year-on-year growth of 7.14%, and a net profit attributable to shareholders of 379 million yuan, up 6.68% year-on-year [2] - Cumulative cash dividends since the company's A-share listing amount to 3.205 billion yuan, with 932 million yuan distributed over the past three years [3] Stock Market Activity - As of October 23, Wanhe Electric's stock price was 11.66 yuan per share, with a market capitalization of 8.67 billion yuan [1] - The stock has seen a net outflow of 1.9168 million yuan in principal funds, with significant selling pressure [1] - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent instance on January 20, where it recorded a net buy of -3.3213 million yuan [1] Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 15.80% to 15,700, while the average circulating shares per person increased by 18.76% to 42,103 shares [2] - The fourth-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 30.8891 million shares, an increase of 181,300 shares from the previous period [3]

Core Viewpoint - Wanhe Electric's stock has experienced fluctuations, with a year-to-date increase of 19.63% but a recent decline of 3.24% over the past five trading days [1] Company Overview - Wanhe Electric, established on December 29, 2003, and listed on January 28, 2011, is located in Shunde, Guangdong Province. The company specializes in the research, production, and sales of kitchen and bathroom appliances [1] - The main revenue composition includes kitchen appliances (50.15%), water heating products (43.90%), and other categories (3.60%) [1] Financial Performance - For the first half of 2025, Wanhe Electric achieved a revenue of 4.083 billion yuan, representing a year-on-year growth of 7.14%. The net profit attributable to shareholders was 379 million yuan, reflecting a growth of 6.68% [2] - Since its A-share listing, the company has distributed a total of 3.205 billion yuan in dividends, with 932 million yuan distributed over the past three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 15.80% to 15,700, while the average circulating shares per person increased by 18.76% to 42,103 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, holding 30.889 million shares, an increase of 181,300 shares from the previous period [3]

Core Insights - Wanhe Electric's stock price decreased by 0.16% on October 15, with a trading volume of 70.99 million yuan [1] - The company reported a financing net purchase of 1.24 million yuan on the same day, indicating strong investor interest despite the slight decline in stock price [1] Financing and Margin Trading - On October 15, Wanhe Electric had a financing buy amount of 7.93 million yuan and a financing repayment of 6.69 million yuan, resulting in a net financing purchase of 1.24 million yuan [1] - The total financing and margin trading balance reached 76.90 million yuan, with the financing balance accounting for 0.82% of the circulating market value, which is above the 90th percentile of the past year [1] - In terms of margin trading, the company repaid 3,000 shares and sold 7,100 shares on October 15, with a margin balance of 651,700 yuan, also above the 90th percentile of the past year [1] Company Performance - As of June 30, Wanhe Electric had 15,700 shareholders, a decrease of 15.80% from the previous period, while the average circulating shares per person increased by 18.76% to 42,103 shares [2] - For the first half of 2025, the company achieved a revenue of 4.08 billion yuan, representing a year-on-year growth of 7.14%, and a net profit attributable to shareholders of 379 million yuan, up 6.68% year-on-year [2] Dividend Distribution - Since its A-share listing, Wanhe Electric has distributed a total of 3.205 billion yuan in dividends, with 932 million yuan distributed over the past three years [3] - Among the top ten circulating shareholders as of June 30, 2025, Hong Kong Central Clearing Limited held 30.89 million shares, an increase of 181,300 shares from the previous period [3]

Core Viewpoint - Wanhe Electric reported a revenue of 4.083 billion yuan for the first half of 2025, marking a year-on-year increase of 7.14%, with a net profit attributable to shareholders of 379 million yuan, up 6.68% [1] Financial Performance - The revenue from household water heating reached 1.792 billion yuan, accounting for 43.9% of total revenue - Kitchen appliances generated 2.048 billion yuan, representing 50.15% of total revenue, with a year-on-year growth of 23.46% - For the first time, revenue from kitchen appliances surpassed that of household water heating [1] Production and Supply Chain Strategy - Wanhe Electric is establishing production bases in Thailand and Egypt to mitigate supply chain risks - The first phase of the Thailand factory has commenced mass production, while the second phase began trial production in April 2025 - The Egypt factory started trial production in January 2025, focusing on the European and African markets [1] Strategic Development - During the 32nd anniversary brand strategy launch, the company’s president announced the "1211" industrial strategy - The main business will transition from gas appliances to a multi-energy layout for heating and water supply - The strategy includes strengthening kitchen and bathroom appliances, developing the water purification industry, and enhancing research and manufacturing capabilities for heat pump products - The company aims to leverage technological strengths in core industrial components to provide solutions and services for its own industries, robotics, new energy, and photovoltaic storage clients [1]