证券之星消息，2025年9月5日漫步者（002351）发布公告称东北证券、元富投资、如仪投资、国投证券、 信达澳亚、华泰柏瑞、广州闻天投资、鹏安基金、天风证券、亘曦资产、义柏资本、龙航资产、兴银基 金、华富基金、华泰保兴、中金资管、同犇投资于2025年9月2日调研我司。 具体内容如下： 1）公司持续推出差异化、中高端的 2.0音箱及桌面一体式音箱，促进音箱业务收入逆势提升； 问：公司近况及回答内容概括如下： 答：公司近况及提问内容概括如下 一、2025年上半年业绩简述 2025年上半年，公司实现营业收入 13.53亿元，较上年同期下降 1.95%。其中耳机系列产品实现营业收入 7.90亿元，同比下降 10.85%；音响系列产品实现营业收入 5.08 亿元，同比增长17.40%；毛利率 40.36%，同 比基本持平。 分地区看，内销营业收入 10.43亿元，同比下降 5.93%；出口营业收入 3.10亿元，同比上升 14.30%。 总体而言，因营业收入的下降和股权激励费用的增加导致利润有所下滑，但同时呈现出以下特点： 2）自 3月下旬以来，公司在国内市场加快主销价位段耳机新品的上市节奏，助推公司二季度业绩回暖。 ...

证券代码：002351 证券简称：漫步者 深圳市漫步者科技股份有限公司 投资者关系活动记录表 深圳市漫步者科技股份有限公司投资者关系活动记录表 编号：PR2025090501 | 投资者关系 | 特定对象调研 □分析师会议 | | --- | --- | | 活动类别 | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | （请文字说明其他活动内容） □现场参观 □其他 | | | 东北证券、亘曦资产、义柏资本、龙航资产、兴银基金、华富基 | | 参与单位名称 | 金、华泰保兴、中金资管、同犇投资、元富投资、如仪投资、国 | | 及人员姓名 | 投证券、信达澳亚、华泰柏瑞、广州闻天投资、鹏安基金、天风 | | | 证券共 人 17 | | 时间 | 年 月 月 月 日 2025 9 2 日、9 3 日、9 4 | | 地点 | 证券公司策略会会议室 | | 上市公司 | 投资者关系总监张北 | | 接待人员 | | | | 公司近况及回答提问内容概括如下： | | | 一、2025 年上半年业绩简述 | | | 年上半年，公司实现营业收入 亿元，较上年同期 2025 13.53 | ...

Group 1: Financial Performance - The company's gross profit margin for 2024 reached 42.62%, an increase of 1.49% compared to the same period last year [1] - In Q1 2025, the gross profit margin was 40.94%, up by 1.64% year-on-year [1] - However, due to insufficient high-end consumer demand, the company's revenue and net profit slightly declined compared to the previous year [1] Group 2: Product Development and Launches - The company has focused on developing and launching mid-to-high-end and differentiated products, contributing to sustained brand growth [1] - New product launches include the X1 Evo TWS earphones, Lolli Pro 3i with 40-hour battery life, and Lolli ANC semi-in-ear headphones with adaptive noise cancellation [2] - The company has also introduced various AI functionalities in its wireless earphones, such as real-time multilingual voice translation [3] Group 3: Market Strategy - The company is expanding its presence in the overseas market, collaborating with local celebrities in Thailand and popular actors in Japan to reach core Asian markets [4] - The open-ear headphone market is a key focus area, with over ten models launched and plans for continued investment in various product forms and price ranges [3]

Financial Performance - The company's gross margin reached 42.62% in 2024, an increase of 1.49% compared to the previous year [1] - The net profit attributable to the parent company, excluding non-recurring gains and losses, was 4.29 billion, reflecting a growth of 13.66% [1] - In Q1 2025, the gross margin was 40.94%, up by 1.64% year-on-year, although revenue and net profit showed a slight decline due to insufficient high-end consumer demand [1] Product Development and Launches - The company has focused on high-end and differentiated product development, launching several new products in the market, including: - TWS earphones X1 Evo, weighing only 3.8g per ear [1] - Lolli ANC semi-in-ear active noise-canceling headphones with upgraded adaptive noise cancellation [1] - Mixed active noise-canceling Bluetooth headphones X5 Evo [2] - Open-type headphones Comfo Clip Q with IP67 waterproof rating [2] - The company has also introduced AI functionalities in its products, such as real-time multilingual voice translation and smart assistant capabilities in the LolliClip AI [3] Market Strategy - The company is expanding its presence in the open-ear headphone market, which is experiencing rapid growth, with over ten models launched since 2024 [3] - A dual-line endorsement strategy has been implemented, partnering with popular local celebrities in Thailand and Japan to enhance brand reach in key Asian markets [4]