南财智讯9月17日电，莱克电气公告，公司董事、副总经理张玉清先生计划自2025年10月20日至2026年1 月19日期间，通过集中竞价方式减持不超过10.45万股公司股份，占公司总股本的比例不超过0.0182%。 减持原因为个人资金需求。张玉清先生目前持有公司股份41.8万股，占公司股份总数的0.0729%，股份 来源为股权激励及资本公积转增股本。减持价格将根据市场价格确定。公司董事会及相关股东保证公告 内容的真实、准确和完整。 ...

Group 1 - The company announced that its director and deputy general manager, Zhang Yuqing, directly holds 418,000 shares, accounting for 0.0729% of the total shares [1] - Zhang plans to reduce his holdings by no more than 104,500 shares, which is up to 0.0182%, through centralized bidding within three months after the announcement, specifically from October 20, 2025, to January 19, 2026 [1]

债券代码：113659 债券简称：莱克转债 莱克电气股份有限公司关于2020年限制性股票激励计划首次授予部分第五期解锁暨上市公告 证券代码：603355 证券简称：莱克电气 公告编号：2025-051 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 重要内容提示： ● 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股数为2,256,030股。 本次股票上市流通总数为2,256,030股。 ● 本次股票上市流通日期为2025年9月18日。 公司于2025年8月28日召开了第六届董事会第二十次会议，审议通过了《关于2020年限制性股票激励计 划首次授予部分第五个限售期解除限售条件成就的议案》，同意公司为上述激励对象办理解除限售和股 份上市手续，现将相关事项公告如下： 一、2020年限制性股票激励计划批准及实施情况 1、2020年7月6日，公司召开第五届董事会第二次会议和第五届监事会第二次会议，审议通过了《关于 公司〈2020年限制性股票激励计划（草案）〉及其摘要的议案》及相关事项的议案，公司独立董事对此 发表了同意的 ...

Core Points - The announcement pertains to the fifth phase of the restricted stock incentive plan for Luckin Coffee (603355) [1] - The total number of shares to be listed for circulation is 2,256,030 shares [1] - The listing date for these shares is set for September 18, 2025 [1] Company Summary - The shares being listed are part of an equity incentive program [1] - The method of subscription for the shares is offline [1]

| 证券代码：603355 | 证券简称：莱克电气 | 公告编号：2025-051 | | --- | --- | --- | | 债券代码：113659 | 债券简称：莱克转债 | | 莱克电气股份有限公司 关于 2020 年限制性股票激励计划首次授予部分 第五期解锁暨上市公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股数为 2,256,030股。 本次股票上市流通总数为2,256,030股。 本次股票上市流通日期为2025 年 9 月 18 日。 公司于 2025 年 8 月 28 日召开了第六届董事会第二十次会议，审议通过了《关 于 2020 年限制性股票激励计划首次授予部分第五个限售期解除限售条件成就的议 案》，同意公司为上述激励对象办理解除限售和股份上市手续，现将相关事项公 告如下： 一、2020 年限制性股票激励计划批准及实施情况 1、2020 年 7 月 6 日，公司召开第五届董事会第二次会议和第五届监事会第二 次会议，审议通过了 ...

上海市锦天城律师事务所 关于莱克电气股份有限公司 2020 年限制性股票激励计划首次授予部分第五个限售期解 除限售条件成就、回购注销部分激励对象已获授但尚未解锁 的限制性股票及调整回购价格的 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 9/11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于莱克电气股份有限公司 2020 年限制性股票激励计划首次授予部分第五个限售期解除限 售条件成就、回购注销部分激励对象已获授但尚未解锁的限制性 股票及调整回购价格的 法律意见书 致：莱克电气股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受莱克电气股份有限公司（以 下简称"公司"或"莱克电气"）的委托，作为公司 2020 年限制性股票激励计划 （以下简称"本次股权激励计划"）的特聘专项法律顾问。 本所律师根据《中华人民共和国公司法》（以下简称《公司法》）、《中华人民 共和国证券法》（以下简称《证券法》）、中国证券监督管理委员会（以下简称"中 国证监会"）《上市公司股权激励管理办法（2 ...

Market Overview - The small home appliance sector experienced a decline of 0.88% on September 3, with BeiYikang leading the drop [1] - The Shanghai Composite Index closed at 3813.56, down 1.16%, while the Shenzhen Component Index closed at 12472.0, down 0.65% [1] Stock Performance - Notable gainers included: - JiZhi Technology (code: 870726) with a closing price of 23.27, up 30.00% and a trading volume of 145,900 shares, totaling 321 million yuan [1] - Major decliners included: - BeiYikang (code: 6610Z8) with a closing price of 39.22, down 5.70% and a trading volume of 22,000 shares, totaling 89.51 million yuan [2] - BiYi Co. (code: 603215) with a closing price of 21.03, down 4.84% and a trading volume of 82,500 shares, totaling 177 million yuan [2] Capital Flow - The small home appliance sector saw a net outflow of 114 million yuan from institutional investors, while retail investors had a net inflow of 72.05 million yuan [2][3] - Specific stock capital flows included: - KaiNeng Health (code: 300272) with a net inflow of 12.42 million yuan from institutional investors [3] - SuBoEr (code: 002032) with a net inflow of 7.08 million yuan from institutional investors [3]

Core Viewpoint - Lek Electric's Q2 2025 performance fell short of expectations, prompting a downward revision of profit forecasts for 2025-2027, while maintaining a "buy" rating due to steady growth in OEM revenue and accelerated overseas capacity expansion [2][3]. Financial Performance - In H1 2025, Lek Electric achieved revenue of 4.78 billion yuan (+0.6% YoY) and a net profit of 430 million yuan (-29.0%), with Q2 revenue at 2.39 billion yuan (-1.8%) and net profit at 200 million yuan (-39.6%) [2][4]. - The company's gross margin decreased to 23.2% (-1.7 percentage points), with a net profit margin of 9.0% (-3.7 percentage points) [4]. Business Segments - Revenue from clean health appliances and gardening tools was 2.78 billion yuan (+3.4%), while revenue from motors and precision components for new energy vehicles decreased to 1.91 billion yuan (-2.4%) [3]. - The company developed six new automotive motor clients and secured over 400 million yuan in new business orders in H1 2025 [3]. Overseas Expansion - The Vietnam production base successfully launched its first product in May 2025, with an annual capacity of 2.5 million clean electric appliances and 1.8 million motors, aimed at transferring all exports to the U.S. [3]. - The Thailand production base is expected to be operational by Q3 2025, with projected annual sales of 100 million USD [3]. Profitability Challenges - The company faced pressure on profitability due to tariff impacts and weakened exchange gains, leading to a decline in net profit [4]. - Operating cash flow for H1 2025 was 420 million yuan, down 25.2% [4].

Group 1 - The small home appliance sector experienced a decline of 1.38% on September 1, with Ecovacs leading the drop [1] - The Shanghai Composite Index closed at 3875.53, up 0.46%, while the Shenzhen Component Index closed at 12828.95, up 1.05% [1] - Key stocks in the small home appliance sector showed varied performance, with Xiaoxiong Electric rising by 5.76% to a closing price of 55.48 [1] Group 2 - Ecovacs saw a significant decline of 4.01%, closing at 93.00, with a trading volume of 97,900 shares and a turnover of 932 million yuan [2] - The small home appliance sector experienced a net outflow of 448 million yuan from main funds, while retail investors contributed a net inflow of 160 million yuan [2] - The trading data indicates that the sector is experiencing mixed investor sentiment, with some stocks like Xiaoxiong Electric performing well while others like Ecovacs are underperforming [2]

Core Viewpoint - The company reported a slight increase in revenue for the first half of 2025, but a significant decline in net profit, primarily due to the impact of U.S. tariffs on exports of automotive parts [1][2]. Financial Performance - In the first half of 2025, the company achieved operating revenue of 4.781 billion yuan, a year-on-year increase of 0.65% - The net profit attributable to shareholders was 428 million yuan, a year-on-year decrease of 29.01% - The net profit after deducting non-recurring gains and losses was 415 million yuan, down 30.01% year-on-year - In Q2 2025, revenue declined by 1.8% year-on-year, and net profit attributable to shareholders fell by 39.57% [1]. Impact of U.S. Tariffs - The company's performance was adversely affected by U.S. tariffs, particularly on automotive parts exports, leading to increased sales expenses - The sales expense ratio for the first half of the year was 5.21%, an increase of 0.97 percentage points year-on-year, with Q2 showing a rise of 0.81 percentage points - The company has reached an agreement with clients to share the burden of tariffs, which may provide some compensation in the second half of the year [2]. Overseas Expansion - The company has been shifting its ODM home appliance exports overseas, although the transition has incurred high costs and personnel expenses, squeezing profit margins - Rapid progress in building overseas supply chains is noted, with a new factory in Vietnam reaching full production in May 2025, expected to contribute over 4 million small appliances and 1.8 million motor capacities to meet U.S. demand - The automotive parts production base in Thailand is expected to be completed by Q3 2025, with an anticipated annual sales scale of 100 million USD - Total overseas investment amounts to approximately 150 million USD, with further production scale increases expected as new facilities come online [2]. Diversification in Automotive Parts Business - The automotive motor segment is diversifying its development by penetrating existing customers and breaking into high-end markets in Europe and the U.S. - The company is pursuing multiple technological paths, expanding into various motor types to avoid reliance on a single technology - In the first half of 2025, the automotive motor division developed six new customers and secured seven new project orders, with new business orders exceeding 400 million yuan [3]. Investment Outlook - The company maintains its profit forecast, expecting revenues of 10.2 billion, 11.1 billion, and 12.4 billion yuan for 2025-2027, representing year-on-year growth of 4.4%, 9.2%, and 11.3% respectively - Projected net profits for the same period are 1.24 billion, 1.33 billion, and 1.49 billion yuan, with year-on-year growth of 1.1%, 7.39%, and 11.4% - Earnings per share (EPS) are expected to be 2.17, 2.33, and 2.59 yuan, with current stock prices corresponding to P/E ratios of 11x, 10.3x, and 9.28x, maintaining a "recommended" rating [3].