Fire and 1984 科 技 赋 能 增创效率 HOC SI I 一线见闻 □四川日报全媒体记者 一年春作首，万事竞争先。 2月24日，春节假期后第一个工作日，巴蜀大地吹响实干争先的嘹亮号角——项目工地塔吊林立、广袤田野春耕繁 忙、企业车间自动化生产线产出节后第一批产品……各行各业共同奏响"开年就开跑"实干担当大合唱。 产线满转赶订单 拼产出更拼效益 "人工智能怎么赋能产品？核心是深度赋能研发。"24日8时许，四川成都双流经济开发区，四川华体照明科技股份 有限公司里，办公室的电脑显示屏陆续亮起来，研发团队聚在白板前讨论课题。 这是一家成立20余年的高新技术企业，目前拥有超150人的研发团队。"复工快一步，项目攻关就能提早一拍。"公 司政企事务部经理段琼介绍，研发、设计、运营等部门已进入工作状态，今年计划在新能源、低空经济、"人工智 能+"三大板块加大研发投入。 从"假期模式"切换至"战斗模式"，节后开工第一天，省内各地生产企业人员到岗、产线满转，赶订单、拼效益。 "这批货下午要发成都，得抓紧。"24日一早，位于眉山市彭山区的四川江化微电子材料有限公司，工人们给包装 好的桶装化学品贴标签；车间另一头，叉车 ...

Core Viewpoint - Signify proposes changes to its Supervisory Board, including new appointments and re-appointments, to enhance its governance and strategic direction [1][9]. Group 1: Proposed Appointments - The Supervisory Board proposes to appoint Barbara Holzapfel and Jeroen Hoencamp as new members, who will attend meetings as observers starting March 1, 2026, until their official appointment [2][11]. - Barbara Holzapfel has extensive experience in technology and marketing, having held significant roles at companies like SAP and Microsoft, and currently serves on the board of Blackline Safety Corp [3][4]. - Jeroen Hoencamp has a strong background in telecommunications, having served as CEO of VodafoneZiggo and currently advising GIC, with a focus on business and IT transformations [5][6]. Group 2: Re-appointments and Changes - The Supervisory Board proposes the re-appointment of Bram Schot, who has been a member since May 2022, contributing to the company's long-term objectives [7]. - Jeroen Drost will assume the role of Chair of the Supervisory Board effective March 1, 2026, succeeding Gerard van de Aast, who will remain until the end of his term in 2027 [8]. - Rita Lane will step down from the Supervisory Board after a decade of service, having been a member since the company's IPO in 2016 [10][11]. Group 3: Company Overview - Signify is the world leader in lighting, with sales of EUR 5.8 billion in 2025 and a workforce of approximately 27,000 employees, operating in over 70 markets [12]. - The company is recognized for its sustainability efforts, being included in the Dow Jones Sustainability World Index and earning a CDP 'A' score for climate performance [12].

Press Release February 23, 2026 Signify share repurchase periodic update Eindhoven, The Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, today announced that it has repurchased 139,500 shares in the period February 13 to February 20, 2026. The shares were repurchased at an average price of EUR 20.06 per share and an aggregate amount of EUR 2.8 million. The repurchases were made as part of the company’s share repurchase program, which was announced on 13 February 2026. Details on the ...

Core Viewpoint - Signify has initiated a share repurchase program to buy back up to 725,000 shares, primarily to fulfill obligations from its long-term incentive performance share plan and other employee share plans [1][2]. Group 1: Share Repurchase Program Details - The share repurchase program commenced on February 13, 2026, and is anticipated to conclude by the end of April 2026 [2]. - The total value of the 725,000 shares at the current share price is approximately EUR 14.5 million, which constitutes 0.6% of the company's issued share capital [2]. - The repurchased shares will be held in treasury until the share awards are vested [2]. Group 2: Execution and Compliance - An intermediary will execute the program, allowing for share repurchases in the open market during both open and closed periods [3]. - The program will adhere to relevant laws and regulations, as well as the authority granted by the Annual General Meeting of Shareholders on April 25, 2025 [3]. - Signify will provide weekly updates on the progress of the share repurchase program through press releases and on its website [3]. Group 3: Company Overview - Signify is recognized as the world leader in lighting for both professionals and consumers, with a diverse portfolio of brands including Philips and Philips Hue [4]. - In 2025, Signify reported sales of EUR 5.8 billion and employed approximately 27,000 people, operating in over 70 markets [4]. - The company is included in the Dow Jones Sustainability World Index and has received a CDP 'A' score for climate performance and transparency, along with an EcoVadis Platinum rating [4].

Financial Data and Key Metrics Changes - Orion reported fiscal Q3 2026 revenue of $21.1 million, an increase from $19.6 million in Q3 2025, marking a growth of approximately 7.6% [11] - The net income for Q3 2026 was $160,000 or $0.04 per share, compared to a net loss of $1.5 million or $0.46 per share in Q3 2025 [14] - Adjusted EBITDA improved to positive $761,000 in Q3 2026 from $32,000 in Q3 2025, indicating continued cost control and financial discipline [14] Business Line Data and Key Metrics Changes - LED lighting segment revenue decreased to $12.1 million in Q3 2026 from $13.2 million in Q3 2025, attributed to decreased project activity and ESCO channel sales [11] - Maintenance segment revenue increased by 13% to $4.4 million in Q3 2026 from $3.9 million in Q3 2025, driven by new customer contracts [12] - EV charging solutions revenue rose to $4.7 million in Q3 2026 from $2.4 million in Q3 2025, reflecting the completion of a significant project [12] Market Data and Key Metrics Changes - The U.S. EV charging market is expected to grow by 8% in 2026, according to Perrin Research, indicating a positive outlook for the industry [10] - Orion anticipates benefiting from market tailwinds in building, reshoring, and refurbishing industrial facilities, which includes data centers and manufacturing plants [9] Company Strategy and Development Direction - Orion's strategy includes expanding products and services, as evidenced by a three-year renewal of a maintenance contract and a growing backlog [7] - The company aims to achieve $84 million to $86 million in revenue for FY 2026, with positive Adjusted EBITDA, and expects continued profitable growth in FY 2027 with revenue between $95 million and $97 million [4][16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about meeting or exceeding growth milestones, citing increasing orders and successful cost structure improvements [4][5] - The company is focused on maintaining its NASDAQ listing and maximizing shareholder value, with a strong outlook for the remainder of the fiscal year and into FY 2027 [3][10] Other Important Information - Orion raised net proceeds of approximately $6.4 million through the issuance of 500,000 shares of common stock, providing growth capital and the ability to pay down revolving credit [15] - Total operating expenses declined to $6.1 million in Q3 2026 from $7 million in Q3 2025, reflecting ongoing cost control efforts [14] Q&A Session Summary Question: Revenue linearity for the $14 million-$15 million external lighting project - Management expects the majority of the revenue to hit in the first half of FY 2027, with initial revenue and ramp in Q4 2026 [20] Question: Expansion potential tied to the external lighting project - Management believes there is potential for expansion within the customer, but it may not materialize in the first half of the year [22] Question: Future operating expenses outlook - Management indicated ongoing efforts to manage operating expenses, suggesting they may remain at current levels or slightly increase [23] Question: Adoption of preventative maintenance models by smaller enterprises - Management noted that while no smaller enterprises have reached the scale of their large retailer customer, there are month-over-month increases in other customers [32] Question: Underwriting execution risk with large customers - Management acknowledged ongoing execution risk but stated they have accounted for potential issues in their outlook [33] Question: Success in the distribution segment - Management attributed success to expanding relationships and developing products based on customer requests [36] Question: Revenue from electrical infrastructure opportunities - Management indicated that revenue from electrical infrastructure is evolving and is not yet fully reflected in results, but they expect growth in this area [40]

Financial Data and Key Metrics Changes - Orion reported Q3 2026 revenue of $21.1 million, an increase from $19.6 million in Q3 2025, marking a year-over-year growth of approximately 7.6% [11] - The company achieved a net income of $160,000 or $0.04 per share in Q3 2026, compared to a net loss of $1.5 million or $0.46 per share in Q3 2025 [13] - Adjusted EBITDA improved to positive $761,000 in Q3 2026 from $32,000 in Q3 2025, representing a significant turnaround [13] Business Line Data and Key Metrics Changes - LED lighting segment revenue decreased to $12.1 million in Q3 2026 from $13.2 million in Q3 2025, attributed to decreased project activity and ESCO channel sales [11] - Maintenance segment revenue increased by 13% to $4.4 million in Q3 2026 from $3.9 million in Q3 2025, benefiting from new customer contracts [12] - EV charging solutions revenue rose to $4.7 million in Q3 2026 from $2.4 million in Q3 2025, reflecting the completion of a significant project [12] Market Data and Key Metrics Changes - The overall gross profit margin increased to 30.9% in Q3 2026 from 29.4% in Q3 2025, driven by pricing and cost improvements across all segments [12] - The company expects continued profitable growth in FY 2027 with revenue projected between $95 million and $97 million [16] Company Strategy and Development Direction - Orion's strategy includes expanding products and services, exemplified by a recent three-year renewal of a maintenance contract and a growing backlog [6] - The company is focusing on electrical infrastructure, integrating offerings within LED lighting and EV charging lines, and developing localized battery storage solutions [6][10] - Orion aims to leverage market tailwinds in building, reshoring, and refurbishing industrial facilities, as well as opportunities in the EV fast charging sector [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about meeting or exceeding revenue milestones, raising FY 2026 revenue outlook to between $84 million and $86 million [4][16] - The company anticipates a strong Q4 2026 and continued growth in FY 2027, supported by increasing orders and successful cost structure improvements [5][16] - Management acknowledged ongoing risks related to execution and project delays but indicated that they have accounted for potential issues in their outlook [33] Other Important Information - Orion raised net proceeds of approximately $6.4 million through the issuance of 500,000 shares of common stock, providing growth capital and enabling debt paydown [15] - The company reported a decline in total operating expenses to $6.1 million in Q3 2026 from $7 million in Q3 2025, reflecting ongoing cost control measures [13] Q&A Session Summary Question: External lighting project revenue expectations - Management expects the majority of the $14 million-$15 million project revenue to be recognized in the first half of FY 2027, with some initial revenue in Q4 2026 [20] Question: Expansion potential tied to the project - There is potential for expansion within the customer relationship, but it is not expected to materialize in the first half of the year [22] Question: Maintenance model adoption by smaller enterprises - While no smaller enterprise has matched the scale of the large retailer, there are month-over-month increases in other customers, and efforts to pursue new contracts continue [31] Question: Underwriting execution risk - Management acknowledged ongoing execution risks and indicated that they have accounted for potential issues in their guidance [33] Question: Success in the distribution segment - Success is driven by expanding customer relationships and developing products based on customer requests, with expectations for further engagement in the channel [36] Question: Revenue from electrical infrastructure opportunities - Revenue from electrical infrastructure is evolving, with some projects expanding beyond initial lighting jobs, but it is still in the early stages of development [38]

2月1日，上海浦东新区EKA天物空间创意园与虹口区瑞虹新天地太阳宫的商业气息持续被"广货"热潮所 点燃，"广货行天下·中山百货进上海"活动持续升温。 在瑞虹新天地太阳宫，广东威力电器展台上，一台机身泛黄、标识仍清晰的1984年产威力牌半自动洗衣 机，唤醒了许多上海参观者的集体记忆。上海市民余先生回忆，上世纪80年代末他家里购入一台威力双 缸洗衣机，"用了快20年，核心部件从没出过大问题"。2012年装修新房时，出于对这份"长期陪伴"的信 赖，他再次选择了一台威力洗衣机，使用至今。 威力电器电商运营经理余元江告诉记者，在威力洗衣机风靡的年代，上海市场销量一度占全国的近五分 之一。此次参展，广东威力电器有限公司在"老古董"旁陈列了针对上海梅雨天气、小户型空间、静音需 求精准研发的洗烘一体机、超薄静音机和迷你母婴洗衣机。从"用了20年没坏"的口碑，到"为上海定 制"的创新，威力电器与上海消费者的故事生动演绎了"广货"与上海市场的双向奔赴。 主办方提供的数据显示，活动期间，中山与上海两地企业、机构共达成超百个合作签约项目，总金额超 60亿元，其中产品购销合作额占比近一半。值得一提的是，仅中山古镇灯饰企业雷士光电、松伟 ...

Group 1 - The core event is the introduction of "Guang goods" from Zhongshan to Shanghai, marking a significant step in expanding the market for Guangdong products in the Yangtze River Delta [1][6] - Zhongshan showcased nearly 780 unique products in Shanghai, highlighting its role as a traditional manufacturing city in the Guangdong-Hong Kong-Macau Greater Bay Area [1][3] - The event features a "1+1+N" model for exhibition spaces, including a main venue and multiple sub-venues, with participation from over 200 local enterprises and 500 products [3][5] Group 2 - Zhongshan is recognized for its strong industrial foundation, particularly in lighting, where it controls approximately 60% of the global market share in lighting fixtures [3][5] - The city is also known for its precision hardware and locks, producing billions of units annually, establishing itself as a key player in the global security market [5] - The event includes six themed exhibition areas, showcasing a range of products from high-end manufacturing to local delicacies, reflecting the diverse industrial capabilities of Zhongshan [5][6] Group 3 - The collaboration between Shanghai's international capital and Zhongshan's complete industrial chain presents opportunities for deep cooperation between the Greater Bay Area and the Yangtze River Delta [6]

Core Insights - Signify reported full-year 2025 sales of EUR 5.8 billion, with an operational profitability (adjusted EBITA) of 8.9% and free cash flow of EUR 440 million [1][3][6] Financial Performance - The Professional business experienced growth in the US but a decline in Europe, while the Consumer business showed sustained growth in all regions except China [3] - Connected lighting saw strong growth in both Professional and Consumer markets, but this was offset by a decline in non-connected lighting, particularly in trade channels [3] - The adjusted EBITA margin for the full year was 8.9%, down from 9.9% in FY 2024, and net income decreased to EUR 259 million from EUR 334 million in FY 2024 [7][6] - Free cash flow for FY 2025 was EUR 440 million, slightly up from EUR 438 million in FY 2024 [7] Strategic Initiatives - The company announced a EUR 180 million cost reduction program aimed at structurally resetting its cost base, which will impact 900 roles [5][12] - A full strategy and portfolio review is underway, with conclusions to be shared at the Capital Markets Day on June 23, 2026 [5] Sustainability Achievements - Signify surpassed its 2025 target to reduce greenhouse gas emissions by 40% against the 2019 baseline, achieving double the pace required by the Paris Agreement [8] - Circular revenues reached 37% of sales, exceeding the 2025 target of 32%, primarily driven by serviceable luminaires in the Professional business [9] - Brighter lives revenues accounted for 34% of sales, surpassing the 2025 target of 32% [10] - The percentage of women in leadership positions remained at 27%, falling short of the 2025 target of 34% [11] Outlook - The company anticipates challenging market conditions to persist through 2026 and is not providing guidance on full-year sales at this stage [6][13] - An adjusted EBITA margin is expected to be between 7.5% and 8.5%, with free cash flow generation projected at 6.5% to 7.5% of sales [6][13]

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