Group 1 - The company Baixinglong announced the investment of 15 million yuan of idle raised funds into a financial product from Industrial Bank's Luohu branch, specifically the "Industrial Bank Wealth Management · Daily Xin Stable Income Fixed Income Open Corporate Wealth Management Product 25G5745C" [2] - The financial product allows for redemption at any time and is expected to yield an annualized return of 1.5% to 1.9% [2] - As of January 15, 2026, the remaining balance of the raised funds in this financial product is 15 million yuan, which does not exceed the authorized limit of 18 million yuan [2]

Market Performance - The packaging and printing sector increased by 2.21% on January 12, with Baixinglong leading the gains [1] - The Shanghai Composite Index closed at 4165.29, up 1.09%, while the Shenzhen Component Index closed at 14366.91, up 1.75% [1] Individual Stock Performance - Baixinglong (code: 920075) closed at 31.72, up 12.01% with a trading volume of 65,000 shares and a transaction value of 198 million yuan [1] - Jiamei Packaging (code: 002969) closed at 16.58, up 10.02% with a trading volume of 43,100 shares and a transaction value of 71.38 million yuan [1] - Jingjia Co. (code: 002191) closed at 4.68, up 8.84% with a trading volume of 1,063,300 shares [1] - Other notable stocks include Hexing Packaging (code: 002228) up 5.47%, Zhuhai Zhongfu (code: 000659) up 5.46%, and Wangzi New Materials (code: 002735) up 4.82% [1] Capital Flow Analysis - The packaging and printing sector experienced a net outflow of 895 million yuan from institutional investors, while retail investors saw a net inflow of 644 million yuan [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Detailed Capital Flow for Selected Stocks - Jingjia Co. (code: 002191) had a net inflow of 69.04 million yuan from institutional investors, but a net outflow from retail investors of 57.78 million yuan [3] - Hexing Packaging (code: 002228) saw a net inflow of 39.77 million yuan from institutional investors, with retail investors experiencing a net outflow of 42.49 million yuan [3] - Jiamei Packaging (code: 002969) had a net inflow of 22.63 million yuan from institutional investors, while retail investors faced a net outflow of 14.32 million yuan [3]

Group 1 - The emotional consumption market in China is rapidly growing, expected to rise from 16.3 trillion yuan in 2022 to 23.1 trillion yuan in 2024, and projected to exceed 4.5 trillion yuan by 2029, with over 90% of youth recognizing "emotional value" and nearly 60% willing to pay for it [1][4] - The retail industry is observing a shift in consumer trends from "meeting basic needs" to "valuing experiences," with "aesthetic economy," "emotional consumption," and "sense of value" becoming mainstream [4] - Companies are adopting "scenario-based" strategies to cater to immersive consumption needs, focusing on home office, pet cohabitation, and parent-child interaction [4] Group 2 - The company Baixinglong, known as the "first stock of creative packaging," is focusing on the emotional economy of Generation Z through its core brand "Wanwuzongseng," which has developed a dual product structure of "AI emotional companionship" and "popular trendy toys" [4] - The IP "One-Eyed Planet" AI companion plush toy has begun mass production, with core channels and consumer engagement expected to be established by the end of the year [4] - Dongwu Securities highlights that recent consumer promotion policies have significantly increased in "newness," aiming to stimulate internal consumption dynamics through new technologies, products, and scenarios [4]

Core Viewpoint - The company Shenzhen Baixinglong Creative Packaging Co., Ltd. has terminated its investment plan to establish a joint venture in Vietnam, while retaining its wholly-owned subsidiary in Singapore as a channel for overseas investment [1][2]. Group 1: Investment Decisions - The company announced the termination of its investment of 7.65 million RMB to establish a joint venture in Vietnam due to a lack of consensus with its partner, Vietnam Hongcai Technology Co., Ltd. [1] - The planned joint venture, named Vietnam Baixinglong Creative Packaging Co., Ltd., was intended to be 51% owned by Baixinglong [1]. - The company will retain its wholly-owned subsidiary, Singapore Baixinglong, which has been established as a channel for overseas investment and a sales service center for markets surrounding Singapore [2]. Group 2: Financial Performance - As of September 2025, the company reported a revenue of approximately 377 million RMB, representing a year-on-year decline of 16.25% [2]. - The net profit attributable to the parent company was approximately 24.41 million RMB, reflecting a year-on-year decrease of 37.09% [2]. - The company emphasizes that the termination of the investment will not have a significant impact on its existing business or financial condition [2].

Group 1 - The company, Baixinglong, announced the completion of industrial and commercial change registration and articles of association filing on December 23 [2] - The company has canceled its supervisory board and simultaneously revised its articles of association [2] - Other industrial and commercial registration matters remain unchanged [2]

Group 1 - The packaging and printing sector increased by 1.12% compared to the previous trading day, with Baixinglong leading the gains [1] - The Shanghai Composite Index closed at 3876.37, up 0.16%, while the Shenzhen Component Index closed at 13053.98, down 1.29% [1] Group 2 - The net inflow of main funds into the packaging and printing sector was 185 million yuan, while retail funds saw a net inflow of 9.32658 million yuan [2] - The sector experienced a net outflow of 278 million yuan from speculative funds [2]

Core Viewpoint - Shenzhen Baixinglong Creative Packaging Co., Ltd. is leading the creative packaging industry in China by integrating creativity, technology, and cultural innovation, transitioning from aesthetic competition to value-driven growth [1] Group 1: Company Overview - Baixinglong is recognized as the top listed company in China's creative packaging design sector, with a stock code of 920075 [1] - The company has successfully created over 30,000 products across various high-end consumer sectors, including liquor, cosmetics, tea, food, jewelry, and luxury goods [6] Group 2: Innovative Service Model - Baixinglong has developed a unique one-stop creative service model that integrates brand strategy, creative design, technology research and development, and product delivery, covering the entire cycle from strategy to delivery [2] - This model aims to elevate packaging from a design strategy to a growth strategy, enhancing brand premium capabilities [2] Group 3: Design Philosophy - The company emphasizes that design begins with insights and originality, involving market research, cultural analysis, and systematic brand development to create commercially viable products [4] - Baixinglong maintains an original philosophy of "new, unique, and special," establishing a market demand database and creative material library to provide continuous inspiration and market insights [4] Group 4: Technological Integration - Baixinglong is committed to integrating creativity with technology, pushing packaging towards a new phase of technological, intelligent, and environmentally friendly solutions [9] - The company has established five production bases across China, achieving a daily production capacity of 200,000 single boxes, ensuring efficient production from custom samples to mass production [9] Group 5: Innovation in Packaging - The company has pioneered various innovations in packaging, such as introducing cardboard boxes in liquor packaging and developing environmentally friendly packaging solutions [10] - Baixinglong has also developed a multi-modal AI model to enhance creative processes, significantly improving design efficiency and quality [12] Group 6: Cultural and Consumer Engagement - In 2024, Baixinglong launched a new subsidiary, "Longyan Cultural Innovation," to enter the consumer-facing cultural product market, combining design, craftsmanship, and international IP operations [14] - The company is leveraging AI capabilities in cultural products, creating interactive and emotionally engaging items for younger consumers [14][16] Group 7: Industry Leadership - Baixinglong is redefining the value of packaging by transforming it into a growth engine and a strategic tool for brands, setting a replicable benchmark for the creative packaging industry in China [17]

Core Insights - The company, 柏星龙, has been actively engaging with institutional investors through a series of research activities held from October 15 to 17, 2023, showcasing its innovative product lines and business strategies [2] Group 1: Business Development - The company's cultural and creative toy segment is managed by its wholly-owned subsidiary, 深圳市龙衍文创产品有限公司, which is focused on developing the brand "玩物丛生 (WONWooD)" through IP development, product realization, and channel expansion [2] - Key IP products, including the "独眼星球" AI companion plush toy and "Nidoo" blind box figurines, are in the industrialization preparation stage, with product samples already completed and ready for mass production [2] Group 2: Product Features - The "独眼星球" AI companion plush toy is supported by a 120 billion parameter model, featuring a complete brand story, six different personalities, and ten different styles to cater to diverse user preferences [2] - The company plans to enhance the intelligent performance, tactile weight, and accompanying software features of the "独眼星球" plush toy in future iterations [2] Group 3: Marketing and Distribution - The company has established online channels, including a trial operation on 小红书商城, and offline channels such as 番茄口袋, B"PETS, 深圳博物馆, and others, while also building a WeChat private community for initial user engagement [3] - Future marketing strategies for "独眼星球" will focus on brand story design and interactive activities to extend product life cycles, while "Nidoo" will target emotional needs through precise content output to strengthen user emotional connection [3]

深圳市柏星龙创意包装股份有限公司（以下简称"公司"）于 2025 年 4 月 24 日召开第五届董事会第十三次会议，审议通过了《使用闲置自有资金购买理 财产品》的议案，对闲置自有资金购买理财产品进行授权，具体情况如下： 公司自 2025 年 4 月 24 日起 12 个月内，拟使用不超过人民币 20,000.00 万元 闲置自有资金购买理财产品，在前述额度范围内可以循环滚动使用。使用闲置自 有资金购买理财产品的品种满足安全性高、风险性小、流动性高等相关要求。如 单笔产品存续期超过前述有效期，则决议的有效期自动顺延至该笔交易期满之 日。具体内容详见公司于 2025 年 4 月 25 日在北京证券交易所官方信息披露平台 (www.bse.cn)披露的《使用闲置自有资金购买理财产品的公告》（公告编号： 2025-033）。 证券代码：833075 证券简称：柏星龙 公告编号：2025-118 深圳市柏星龙创意包装股份有限公司 关于使用闲置自有资金购买理财产品的进展公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 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个别及连 带法律 ...

一、 授权购买理财产品情况 深圳市柏星龙创意包装股份有限公司（以下简称"公司"）于 2025 年 4 月 24 日召开第五届董事会第十三次会议，审议通过了《使用闲置自有资金购买理 财产品》的议案，对闲置自有资金购买理财产品进行授权，具体情况如下： 公司自 2025 年 4 月 24 日起 12 个月内，拟使用不超过人民币 20,000.00 万元 闲置自有资金购买理财产品，在前述额度范围内可以循环滚动使用。使用闲置自 有资金购买理财产品的品种满足安全性高、风险性小、流动性高等相关要求。如 单笔产品存续期超过前述有效期，则决议的有效期自动顺延至该笔交易期满之 日。具体内容详见公司于 2025 年 4 月 25 日在北京证券交易所官方信息披露平台 (www.bse.cn)披露的《使用闲置自有资金购买理财产品的公告》（公告编号： 2025-033）。 截至本公告发出之日，公司以闲置资金购买理财产品合计未到期余额为人民 币 8,000.00 万元（其中以闲置募集资金购买的理财产品未到期余额为人民币 1,600.00 万元，以闲置自有资金购买的理财产品未到期余额为人民币 6,400.00 万 元），根据《北京证券交易所 ...