Core Viewpoint - Lionhead Co., Ltd. (600539) has announced its 2025 annual performance forecast, expecting a net profit attributable to shareholders of the listed company to be between -18.2 million and -22.7 million yuan, indicating a narrowing of losses compared to the same period last year [1] Financial Performance - The company anticipates a net loss for 2025, with estimates ranging from -18.2 million to -22.7 million yuan [1] - This projected loss represents an improvement compared to the previous year's performance [1]

Group 1 - The core viewpoint of the news is that Lionhead Co., Ltd. (600539.SH) is expected to reduce its losses significantly in 2025, with a projected net profit loss narrowing by 23.36% to 38.55% year-on-year [2] - In 2025, the company's operating revenue is expected to remain stable compared to the previous year, but the loss margin is expected to decrease significantly, with a projected net profit loss of between 18.2 million to 22.7 million yuan [2] - The company anticipates a non-recurring net profit loss of between 21.2 million to 25.7 million yuan, representing a year-on-year reduction of 27.96% to 40.57% [2] Group 2 - Lionhead Co., Ltd. is focusing on its e-commerce business while also planning mergers and acquisitions to create a second growth curve [3] - The company aims to stabilize its sales and gross margin through refined operations in its e-commerce sector, while also exploring new market channels such as duty-free and securing exclusive agency rights for several well-known brand products [3] - In 2025, Lionhead Co., Ltd. initiated a merger and acquisition plan to acquire 97.44% of Hangzhou Lipo Technology Co., Ltd. for 662.4 million yuan, which is progressing smoothly [3] Group 3 - After the completion of the merger, Lionhead Co., Ltd. is expected to expand its definition beyond just e-commerce [4] - Lipo Technology, established in 2012, is recognized as a national high-tech enterprise and is one of the few companies in China capable of independent research and development in industrial machine vision algorithms [4] - In 2024, Lipo Technology achieved a net profit of 33.14 million yuan, a year-on-year increase of 37.61%, and in the first nine months of 2025, it secured new orders worth 225 million yuan, surpassing the total new orders for 2024 [4]

Group 1 - The company expects to report a net loss attributable to shareholders ranging from 18.2 million to 22.7 million yuan for the year 2025, indicating a narrowing of losses compared to the previous year [1] - The primary reason for the performance change is intensified competition in the e-commerce sector and product homogeneity, which has led to pressure on sales revenue growth, with projected operating income between 430 million and 480 million yuan for 2025 [1] - The company is actively optimizing its inventory structure, accelerating inventory turnover, and clearing out underperforming inventory, which has impacted profit margins [1] Group 2 - The company plans to conduct impairment tests on certain assets, including goodwill, that show signs of impairment, with expected impairment losses estimated between 11 million and 13.5 million yuan, subject to confirmation by the auditing firm [1]

Core Viewpoint - Lionhead Co., Ltd. (狮头股份) is expected to reduce its net profit loss by 23.36%-38.55% in 2025, indicating a continuous improvement in performance despite challenges in the e-commerce sector [1][2]. Group 1: Financial Performance - In 2025, Lionhead's operating revenue is projected to remain stable year-on-year, while the net profit loss is expected to narrow significantly, with a forecasted loss of between 18.2 million to 22.7 million yuan [2]. - The company anticipates a non-recurring net profit loss of 21.2 million to 25.7 million yuan, reflecting a reduction of 27.96%-40.57% year-on-year [2]. - The e-commerce business faces pressure from intensified competition and product homogenization, leading to challenges in sales revenue growth [2]. Group 2: Business Strategy and Adjustments - Lionhead has been optimizing its business structure, focusing on its core e-commerce operations while exploring new market channels such as duty-free sales [3]. - The company has successfully introduced three new health-related brand partnerships in 2025, enhancing its industry reputation [3]. - Lionhead plans to divest its water faucet and accessories business, which has been consistently unprofitable, while continuing to develop its e-commerce service business as a key growth driver [3]. Group 3: Mergers and Acquisitions - Lionhead is pursuing a strategic transformation by planning to acquire Lipu Technology, a machine vision company, for 662.4 million yuan, aiming to create a new growth curve [4][5]. - Lipu Technology has shown steady growth, with a projected net profit of 33.14 million yuan in 2024, marking a 37.61% increase year-on-year [6]. - The acquisition aligns with the growing industrial machine vision market in China, which is expected to reach 63.01 billion yuan by 2029, with a compound annual growth rate of 18.62% from 2024 to 2029 [6].

格隆汇1月19日丨狮头股份(600539.SH)公布，经财务部门初步测算，预计2025年年度实现归属于上市公 司股东的净利润-1,820万元至-2,270万元，与上年同期（法定披露数据）相比亏损收窄。预计2025年年 度实现归属于上市公司股东的扣除非经常性损益的净利润-2,120万元至-2,570万元。 ...

证券代码：600539 证券简称：狮头股份 公告编号：临 2026-003 狮头科技发展股份有限公司 2025 年年度业绩预告 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个别及连带责任。 重要内容提示： （二）业绩预告情况 经财务部门初步测算，预计 2025 年年度实现归属于上市公司股东的净利润 -1,820 万元至-2,270 万元，与上年同期（法定披露数据）相比亏损收窄。 预计 2025 年年度实现归属于上市公司股东的扣除非经常性损益的净利润-2,120 万元至-2,570 万元。 （三）本次业绩预告未经注册会计师审计。 二、上年同期经营业绩和财务状况 本期业绩预告适用于净利润为负值的情形。 狮头科技发展股份有限公司（以下简称"公司"）预计公司 2025 年年度实现归 属于上市公司股东的净利润-1,820 万元至-2,270 万元，与上年同期（法定披露数据） 相比亏损收窄。预计 2025 年年度实现归属于上市公司股东的扣除非经常性损益的净 利润-2,120 万元至-2,570 万元。 一、本期业绩预告情况 （一）业绩预告期间 2 ...

格隆汇1月19日丨狮头股份(600539.SH)公布，经财务部门初步测算，预计2025年年度实现归属于上市公 司股东的净利润-1,820万元至-2,270万元，与上年同期（法定披露数据）相比亏损收窄。预计2025年年 度实现归属于上市公司股东的扣除非经常性损益的净利润-2,120万元至-2,570万元。 ...

Market Overview - The internet e-commerce sector experienced a decline of 1.46% on January 13, with Qingmu Technology leading the drop [1] - The Shanghai Composite Index closed at 4138.76, down 0.64%, while the Shenzhen Component Index closed at 14169.4, down 1.37% [1] Stock Performance - Notable stock performances included: - Saiwei Times (301381) closed at 22.94, up 0.88% with a trading volume of 114,200 shares and a transaction value of 265 million [1] - ST Yigou (002024) closed at 1.66, up 0.61% with a trading volume of 350,700 shares and a transaction value of 57.89 million [1] - Qingmu Technology (301110) closed at 93.10, down 5.97% with a trading volume of 126,800 shares and a transaction value of 1.239 billion [2] Capital Flow - The internet e-commerce sector saw a net outflow of 506 million from main funds, while retail investors contributed a net inflow of 508 million [2] - Detailed capital flow for selected stocks showed: - Liren Lizhuang (605136) had a main fund net inflow of 14.37 million, while retail investors had a net inflow of 1.06 million [3] - ST Yigou (002024) had a main fund net inflow of 7.48 million, but a significant retail outflow of 1.40 million [3]

证券代码：600539 证券简称：狮头股份 公告编号：临 2026-002 一、担保情况概述 （一）担保的基本情况 根据昆汀科技生产经营及业务发展需要，2026 年 1 月 12 日，公司与南京银 行股份有限公司杭州分行（以下简称"南京银行杭州分行"）续签了《最高额保 证合同》，公司为昆汀科技与南京银行杭州分行的办理综合授信业务提供最高额 连带责任保证，担保最高债权本金为人民币 1000 万元以及前述本金对应利息、 费用等全部债权之和。昆汀科技为公司的上述担保提供反担保。 （二）内部决策程序 关于为控股子公司提供担保的进展公告 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。 重要内容提示： 担保对象及基本情况 | | 本次担保 | 实际为其提供的 | | 是否在前 | 本次担保 | | --- | --- | --- | --- | --- | --- | | 被担保人名称 | 金额 | 担保余额 | | 期预计额 | 是否有反 | | | | | | 度内 | 担保 | | 杭州昆汀数字科 技有限公司 | 1000 万元 | ...

Group 1 - The internet e-commerce sector increased by 3.1% on January 9, with Qingmu Technology leading the gains [1] - The Shanghai Composite Index closed at 4120.43, up 0.92%, while the Shenzhen Component Index closed at 14120.15, up 1.15% [1] - Key stocks in the internet e-commerce sector showed significant price increases, with Qingmu Technology rising by 12.30% to a closing price of 84.26 [1] Group 2 - The net inflow of main funds in the internet e-commerce sector was 4.4 million yuan, while retail investors saw a net inflow of 16.4 million yuan [2] - The stock "Jiaodian Technology" had a main fund net inflow of 1.12 billion yuan, but experienced a net outflow from retail and speculative funds [3] - "Xinxinda" had a main fund net inflow of 23.27 million yuan, while retail investors faced a significant net outflow of 22.19 million yuan [3]