Core Viewpoint - In 2025, despite a deep adjustment in the real estate market and a challenging environment for the home building materials industry, the company Wangli has achieved significant growth, with a net profit increase of 98.07% year-on-year in the third quarter, far exceeding the industry average. This success is attributed to its commitment to smart manufacturing, comprehensive marketing, and dedicated market engagement [1][7]. Group 1: User-Centric Innovation - Wangli focuses on user needs and competitive technology, driving product innovation through research and development, enhancing market competitiveness by providing safer, more convenient, and intelligent home entry experiences [1][8]. - The company has developed unique products such as the ultra-C-level lock core, a dual power supply system for smart locks, and privacy monitoring technology, redefining safety standards and addressing user concerns [2][8]. Group 2: Marketing Strategy - Wangli has implemented a systematic smart marketing strategy, moving away from traditional fragmented approaches to create a comprehensive marketing ecosystem. This includes integrating online platforms like WeChat, Douyin, and Xiaohongshu for targeted outreach and offline advertising in high-frequency locations [3][9]. - The company has organized eight major promotional events throughout the year, successfully linking over 4,500 stores nationwide, achieving a full conversion from online exposure to offline experience [3][9]. Group 3: Sales Empowerment - Wangli's executives actively engage in the market, providing on-site guidance and support to distributors, fostering deep collaboration and mutual growth. The chairman has personally traveled thousands of kilometers to assist in resolving operational challenges for distributors [4][10]. - The company has developed a standardized, replicable marketing model based on successful distributor experiences, and has conducted 71 live training sessions for over 26,000 distributors and sales staff, ensuring alignment with market changes [6][11].

证券代码：605268 证券简称：王力安防 公告编号：2026-001 王力安防科技股份有限公司董事会 2026 年 1 月 8 日 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、准确性和完整性承担法律责任。 一、对外投资基本情况 王力安防科技股份有限公司（以下简称"公司"、"王力安防"）第三届董事会 第二十七次会议审议通过了《关于公司设立全资香港子公司的议案》，具体内容 详见公司 2025 年 9 月 27 日披露在上海证券交易所网站（www.sse.com.cn）的《王 力安防关于公司设立全资香港子公司的公告》（公告编号：2025-074）。 二、对外投资进展情况 近日，公司已完成香港子公司的注册登记手续，并取得了当地行政主管部门 签发的《公司注册证明书》及《商业登记证》，相关登记信息如下： 1、公司名称：王力安防（香港）有限公司 特此公告。 王力安防科技股份有限公司 关于对外投资设立香港全资子公司的进展公告 1 2、英文名称：Wangli Security&Surveillance (HK) Co., Limited 3、注册地址：香港九龙旺角塘尾 ...

王力安防公告，近日，公司已完成香港子公司的注册登记手续，并取得了当地行政主管部门签发的《公 司注册证明书》及《商业登记证》。公司名称为王力安防（香港）有限公司，注册地址为香港九龙旺角 塘尾道50-52号裕耀工厂大厦10楼2室，注册证明书编号为79537810，商业登记证号码为79537810-000- 01-26-8，生效日期为2026年01月06日。 ...

Core Insights - The launch of the "China Barter Trading Service Platform" marks a significant milestone in the country's barter trade sector, officially commencing operations as a national-level infrastructure [1][2] - The platform aims to enhance resource circulation and support the development of the real economy, responding to national strategies and policies [1][2] Industry Developments - The platform is recognized as the only authoritative trade platform in China's barter sector, focusing on standardizing transaction orders, addressing development challenges, and integrating industry resources [2] - The platform's development is supported by a strategic agreement between the China Commercial Federation Barter Trade Branch and Wangli Group, with the involvement of UnionPay Business Co., Ltd. as a strategic partner [1][2] Technological Innovations - The platform utilizes advanced technologies such as blockchain to address issues like information asymmetry and unified settlement in traditional barter trade [3] - It aims to create a digital barter hub that connects idle capacities, inventory goods, and service capabilities across regions and industries, facilitating efficient resource allocation [3] Economic Impact - The platform is expected to unify standards, platforms, models, credit, and settlement in the barter trade industry, fundamentally addressing the shortcomings of traditional barter practices [3][4] - It represents a shift towards a "data + credit" driven 3.0 phase in barter trade, enhancing operational efficiency and risk resilience for enterprises [4]

证券代码：605268 证券简称：王力安防 公告编号：2025-087 王力安防科技股份有限公司 关于公司获得发明专利证书的公告 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、准确性和完整性承担法律责任。 王力安防科技股份有限公司（以下简称"公司"）于近日收到了中华人民共和 国国家知识产权局颁发的《发明专利证书》，具体如下： | | 证书号 发明名称 | 第 号 8602662 一种齿轮锁芯机构及锁具 | | --- | --- | --- | | | 专利号 | ZL 2025 1 0446071.2 | | | 专利申请日 | 年 月 日 2025 04 10 | | 1 | 发明人 | 褚李盛 | | | 专利权人 | 王力安防科技股份有限公司 | | | 授权公告日 | 年 月 日 2025 12 26 | | | 专利权期限 | 年（自申请日起算） 20 | 本次发明专利的取得是公司重要核心技术的体现和延伸，不会对公司近期经 营产生重大影响，但有利于进一步完善公司知识产权保护体系，促进产品技术创 新，从而提升公司核心竞争力。 特此公告。 王力安 ...

Core Viewpoint - Wangli Security announced a change in the signing accountants for its 2025 financial statements and internal control audit due to personnel changes, which will not affect the audit process for the year [1] Group 1 - The signing accountants for the 2025 financial statements have been changed from Chen Haixia and Luo Xiangqiang to Chen Haixia and Wu Na [1] - The transition of responsibilities has been orderly, ensuring that the 2025 audit remains unaffected [1]

证券代码：605268 证券简称：王力安防 公告编号：2025-086 王力安防科技股份有限公司 关于变更签字注册会计师的公告 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、准确性和完整性承担法律责任。 王力安防科技股份有限公司（以下简称"公司"）于 2025 年 7 月 7 日、2025 年 7 月 23 日召开第三届董事会第二十四次会议、2025 年第三次临时股东会，审 议通过了《关于变更会计师事务所的议案》，同意拟聘致同会计师事务所（特殊 普通合伙）（以下简称"致同"）为公司 2025 年度财务报表和内部控制审计机 构。内容详见《王力安防关于变更会计师事务所的公告》（公告编号：2025-054）。 近日，公司收到致同出具的《关于变更签字注册会计师的函》，现将相关变 更情况告知如下： 一、本次变更的情况 致同作为公司 2025 年度财务报表和 2025 年末财务报告内部控制审计机构， 原委派陈海霞（项目合伙人）和罗祥强作为公司 2025 年度财务报表审计报告和 2025 年末财务报告内部控制审计报告的签字注册会计师。由于罗祥强工作变动 的原因，现委派 ...

证券日报网讯 12月19日晚间，王力安防发布公告称，公司第三届董事会将于2025年12月22日任期届 满，鉴于董事会换届工作尚在筹备中，为保证公司治理的连续性及稳定性，公司董事会将延期换届。公 司董事会、董事会各专门委员会、高级管理人员的任期亦相应顺延。 （文章来源：证券日报） ...

证券代码：605268 证券简称：王力安防 公告编号：2025-085 王力安防科技股份有限公司董事会 2025 年 12 月 20 日 王力安防科技股份有限公司（以下简称"公司"）第三届董事会将于 2025 年 12 月 22 日任期届满，鉴于董事会换届工作尚在筹备中，为保证公司治理的连 续性及稳定性，公司董事会将延期换届。公司董事会、董事会各专门委员会、高 级管理人员的任期亦相应顺延。 在新一届董事会换届选举工作完成前，公司第三届董事会全体董事及各专门 委员会委员、高级管理人员将依照法律、法规和公司章程的相关规定继续履行相 应职责。 本次延期换届不会影响公司的正常经营。公司将尽快推进董事会的换届选举 工作并及时履行信息披露义务。 特此公告。 王力安防科技股份有限公司 关于董事会延期换届的提示性公告 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、准确性和完整性承担法律责任。 1 ...

Core Insights - The report emphasizes the importance of identifying investment opportunities in the building materials sector as it transitions from a period of intense competition to one focused on value extraction and growth [1]. Group 1: Investment Opportunities in the Building Materials Sector - Four key investment themes are highlighted: traditional building material leaders emerging from the bottom of the cycle, overseas capacity expansion, high-demand new materials, and policy support for industry consolidation [5]. - Traditional building material leaders are expected to recover first, with a focus on alpha opportunities as the sector stabilizes [14]. - The overseas expansion of building material capacity is driven by high demand in foreign markets, particularly in Africa, where Chinese companies are increasingly investing [20][22]. Group 2: Consumer Building Materials - The consumer building materials sector is stabilizing, with a narrowing decline in real estate indicators expected in 2026, leading to a potential rebound in demand [15]. - Strong alpha leaders in the sector are anticipated to achieve positive revenue growth first, with companies like Sanke Tree and Dongfang Yuhong highlighted as key players [15][16]. - Profit margins are expected to improve in 2026 due to price stabilization, structural optimization, and enhanced operational efficiency [15]. Group 3: Glass Fiber Industry - The glass fiber market is projected to maintain a tight supply-demand balance, with demand expected to grow by 5.8% in 2025 and 4.6% in 2026 [5][25]. - The report notes that the profitability of traditional glass fiber products is on an upward trajectory, with leading companies benefiting from differentiated product advantages [5][28]. Group 4: Cement Industry - The domestic cement market is facing a decline in demand, with expectations of a 7% drop in 2025 and a 6% drop in 2026, while overseas markets remain robust [5][31]. - The report suggests that supply-side policies will play a crucial role in stabilizing the market, with potential profitability improvements anticipated in 2026 [5][36]. Group 5: Glass Industry - The glass industry is expected to see supply optimization as a key theme in 2026, with a slight decline in demand for float glass anticipated [5][40]. - The photovoltaic glass segment is projected to experience a balanced supply-demand situation, with potential profitability improvements if production resumes [5][45].