Financial Performance - The company's operating revenue for Q1 2025 was ¥116,812,722.75, representing an increase of 8.49% compared to ¥107,667,124.12 in the same period last year[4] - The net profit attributable to shareholders was ¥583,014.18, a significant recovery from a loss of ¥3,874,866.96 in the previous year[4] - Operating profit for Q1 2025 was CNY 2,411,388.04, recovering from a loss of CNY 1,517,216.71 in Q1 2024[17] - Net profit for Q1 2025 was CNY 2,269,334.31, compared to a net loss of CNY 2,899,873.34 in Q1 2024[17] - The weighted average return on equity improved to 0.1810%, up from -1.108% in the previous year, marking an increase of 1.289 percentage points[5] - The company recorded a basic and diluted earnings per share of CNY 0.0025 for Q1 2025, compared to a loss per share of CNY 0.0168 in Q1 2024[18] Cash Flow - The net cash flow from operating activities decreased by 22.84% to ¥20,519,642.16, down from ¥26,593,273.89 in the same period last year[4] - The company reported a net cash flow from operating activities of CNY 20,519,642.16 in Q1 2025, down from CNY 26,593,273.89 in Q1 2024[20] - Cash inflow from operating activities totaled CNY 120,197,260.58, while cash outflow was CNY 99,677,618.42, resulting in a net cash flow of CNY 20,519,642.16[20] - Net cash flow from investment activities was $27,915,125.96, a decrease from $33,468,113.59[21] - Cash inflow from financing activities totaled $22,540,938.08, compared to $20,000,000.00 in the previous period[21] - Net cash flow from financing activities improved to $8,534,508.17 from a negative $14,216,892.26[21] - The net increase in cash and cash equivalents was $57,009,449.79, up from $45,946,916.96[21] - Cash outflow from investment activities amounted to $43,209,231.22, down from $67,019,746.00[21] - Cash paid for debt repayment was $11,334,547.20, a decrease from $22,252,844.75[21] - Cash dividends and interest payments totaled $1,828,375.03, significantly lower than $11,073,111.01 previously[21] - The impact of exchange rate changes on cash and cash equivalents was $40,173.50, compared to $102,421.74[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥503,463,085.92, reflecting a 5.45% increase from ¥477,446,512.97 at the end of the previous year[5] - Total assets as of March 31, 2025, amounted to RMB 503,463,085.92, an increase from RMB 477,446,512.97 as of December 31, 2024, reflecting a growth of approximately 5.3%[12] - Current assets increased to RMB 413,322,589.88 from RMB 385,784,536.71, representing a growth of about 7.8%[12] - Total liabilities increased to CNY 123,192,788.46 in the latest reporting period, up from CNY 98,582,182.04[14] - The total equity attributable to shareholders was CNY 322,384,866.60, slightly up from CNY 321,801,852.42[14] Shareholder Information - The company reported a total of 17,108 common shareholders at the end of the reporting period[9] - The largest shareholder, Shanghai Yuanfu Enterprise Management Co., Ltd., holds 26.70% of the shares, totaling 61,412,700 shares[9] - The company has no significant changes in the shareholding structure due to margin trading or stock lending activities[10] Operational Changes - The company reported a significant increase in prepayments by 183.02%, primarily due to increased procurement[6] - The company's sales expenses rose by 53.25%, attributed to the addition of a new operational team[6] - The investment income decreased by 95.15%, mainly due to a decline in the scale and yield of financial products[6] - The company received government subsidies amounting to ¥52,847.47, which are closely related to its normal business operations[6] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[17] Cash and Cash Equivalents - Cash and cash equivalents rose to RMB 151,707,599.95 from RMB 100,028,150.32, marking a significant increase of approximately 51.5%[12] - Accounts receivable increased to RMB 50,326,142.16 from RMB 39,365,021.01, showing an increase of around 28.5%[12] - Inventory decreased to RMB 126,320,443.53 from RMB 153,238,395.18, indicating a decline of about 17.6%[12] - Short-term borrowings rose to RMB 42,294,621.85 from RMB 36,362,866.31, reflecting an increase of approximately 16.5%[13] - Accounts payable increased significantly to RMB 35,602,955.44 from RMB 19,277,522.53, representing an increase of about 84.9%[13] Accounting Standards - The company will not apply new accounting standards starting from 2025[21]

Financial Performance - The company's operating revenue for 2024 was CNY 480,074,754.98, representing a 4.78% increase compared to CNY 458,158,755.56 in 2023[25]. - The net profit attributable to shareholders for 2024 was CNY -29,618,849.87, an improvement from CNY -77,592,163.61 in 2023[25]. - The net cash flow from operating activities for 2024 was CNY -3,431,520.51, a significant recovery from CNY -101,096,059.69 in 2023[25]. - The company reported a basic earnings per share of -0.13 CNY for 2024, an improvement from -0.34 CNY in 2023, marking a 61.76% reduction in losses[27]. - The weighted average return on equity increased by 10.05 percentage points to -8.80% in 2024 from -18.85% in 2023[27]. - Total revenue for the company reached 480 million CNY in 2024, representing a year-on-year growth of 4.78%[34]. - The company reported a net profit attributable to the parent company of -30 million CNY, reflecting a reduction in losses compared to the previous year[36]. - The company achieved a net cash flow from operating activities of 40.61 million CNY in the fourth quarter of 2024[29]. Assets and Liabilities - The total assets decreased by 14.14% to CNY 477,446,512.97 at the end of 2024, down from CNY 556,060,473.67 at the end of 2023[26]. - The net assets attributable to shareholders decreased by 8.49% to CNY 321,801,852.42 at the end of 2024, compared to CNY 351,650,619.66 at the end of 2023[26]. - The company reported a negative retained earnings of CNY -396,587,013.13 as of December 31, 2024, leading to a recommendation of no profit distribution for the year[6]. Revenue Breakdown - The company's e-commerce distribution business generated 373 million RMB, accounting for 77.80% of total revenue, while the e-commerce operation business contributed 5 million RMB, making up 10.51% of total revenue[40]. - The e-commerce agency business saw a significant increase of 95.57% year-on-year, while the e-commerce distribution business declined by 4.54%[36]. - E-commerce service revenue reached ¥423,922,121.25, with a gross margin of 18.32%, a year-on-year decrease of 2.84 percentage points[53]. - E-commerce agency revenue increased by 95.57% to ¥50,446,065.02, with a gross margin of 63.85%, up by 21.86 percentage points[53]. - Manufacturing revenue grew by 36.45% to ¥54,180,701.21, with a gross margin of 10.91%, an increase of 1.16 percentage points[53]. Operational Efficiency - The company's operating costs increased by 8.30% year-on-year, reaching 395.13 million RMB, which was higher than the revenue growth rate[44]. - Sales expenses decreased by 23.92% to 77.39 million RMB due to optimized warehouse management and targeted marketing efforts[45]. - Management expenses fell by 14.69% to 46.65 million RMB as a result of improved team management and cost reduction strategies[45]. - The company is focusing on enhancing its core competitiveness by improving operational efficiency in key brands and categories[36]. Market and Competition - The company faced challenges in the e-commerce sector, including rising user acquisition costs and diminishing returns from traditional promotional models[36]. - The online retail sales of physical goods in China reached 12.79 trillion CNY in 2024, growing by 6.5% year-on-year[34]. - The pet food market in China is projected to grow by 7.5% in 2024, reaching a market size of 300.2 billion RMB[42]. - The e-commerce service industry is experiencing a "Matthew Effect," where larger service providers are gaining market share while smaller ones face elimination risks, leading to increased competition and a shift towards more standardized and professional services[81]. Risk Factors - The company faced risks including long-term inability to distribute dividends and intensified market competition, as detailed in the risk section of the report[10]. - The company is exposed to macroeconomic fluctuations, which could adversely affect its financial status and ongoing operations if consumer spending declines[86]. - Increased competition in the e-commerce service industry poses a risk, as the company must continuously enhance its core competitiveness to avoid performance decline[86]. - The company is at risk of losing brand clients if existing contracts are not renewed or if clients switch to in-house teams or other service providers[87]. - Dependence on third-party e-commerce platforms presents a risk, as any changes in platform policies or performance could impact the company's operations[87]. Governance and Compliance - The company has established a robust internal control and risk management system to enhance operational management and risk prevention capabilities[90]. - The board of directors and committees operate in compliance with legal requirements, ensuring effective governance and oversight[91]. - The company adheres to strict information disclosure practices, ensuring transparency and protection of shareholder rights[93]. - The company has been proactive in addressing regulatory concerns and ensuring compliance with financial disclosure requirements[109]. - The company received a warning letter from the Shanxi Securities Regulatory Bureau due to inaccurate financial data disclosure in the annual report and failure to disclose related party transactions in the semi-annual report[109]. Employee and Management - The company has a total of 310 employees, with 19 in the parent company and 291 in major subsidiaries[123]. - The employee composition includes 107 production personnel, 104 sales and operations personnel, and 10 technical personnel[124]. - The management team’s compensation is linked to the overall performance of the company, promoting management engagement[125]. - The company conducts regular employee performance evaluations to ensure fair treatment and alignment with job responsibilities[125]. Environmental Responsibility - The company is committed to reducing carbon emissions by utilizing clean energy in its manufacturing processes[139]. - The company emphasizes energy conservation and pollution prevention, with no environmental pollution incidents reported during the reporting period[140]. - The company has invested in environmental protection measures, although specific funding amounts were not disclosed[135]. - The company has completed necessary environmental impact assessments and has effective pollution prevention measures in place[138]. Related Party Transactions - The company has established a framework for managing related party transactions to ensure compliance with legal and internal regulations[144]. - The company has reported a non-operating fund occupation of 7,000,000 RMB by a related party during the reporting period, which was fully repaid[156]. - The company has ongoing related party transactions, including a rental fee of 704,620.43 CNY for machinery and 1,050,000 CNY for factory leasing[164]. - The company has not reported any significant related party transactions or conflicts of interest reported[186]. Strategic Initiatives - The company plans to enhance brand operation services and expects growth in e-commerce agency operation revenue due to a recovery in the domestic water purifier market[69]. - The company aims to enhance its full-channel marketing and brand operation capabilities, focusing on user consumption trends and market hotspots to improve existing product lines and develop new products[84]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 500 million yuan earmarked for potential deals[102].

证券代码：600539 证券简称：狮头股份 公告编号：临 2025-027 狮头科技发展股份有限公司 关于使用部分闲置自有资金进行现金管理的公告 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个别及连带责任。 重要内容提示： 投资品种为安全性高、流动性好、有保本约定的短期（不超过 12 个月） 理财产品。 狮头科技发展股份有限公司（"公司"）于 2025 年 4 月 25 日召开了第九届 董事会第二十次会议和第九届监事会第十二次会议，会议审议通过了《关于使用 部分闲置自有资金进行现金管理的议案》。本议案尚需提交公司 2024 年年度股 东大会审议批准。现将具体事项公告如下： 一、本次拟使用部分闲置自有资金进行现金管理的基本情况 （一）目的 为提高公司及控股子公司（含控股子公司的子公司）闲置自有资金的使用效 率，在保障日常经营资金需求并有效控制风险的前提下，公司拟使用闲置自有资 金进行现金管理，谋取较好的投资回报，增加公司收益。 （二）资金来源 公司及控股子公司（含控股子公司的子公司）部分闲置自有资金。 为控制风险，理财产品的发行主体为能 ...

狮头科技发展股份有限公司 董事会审计委员会 2024 年度履职情况报告 2024 年度，狮头科技发展股份有限公司（以下简称"公司"）董事会审计 委员会根据《上市公司治理准则》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》《公司章程》《董事会审计委员会实施细则》的规定，勤勉尽 责，认真履行审计监督职责。现将董事会审计委员会 2024 年度的履职情况汇报 如下： 一、审计委员会基本情况 公司第九届董事会审计委员会原由方沙女士、刘有东先生及吴家辉先生共 3 名成员组成，主任委员由具有会计专业人士资格的独立董事方沙女士担任。因刘 有东先生辞去公司独立董事及专门委员会委员职务，公司于 2025 年 10 月 30 日 召开董事会，补选桂磊先生为审计委员会委员。至此公司第九届董事会审计委员 会由方沙女士、桂磊先生及吴家辉先生共 3 名成员组成，主任委员由具有会计专 业人士资格的独立董事方沙女士担任。审计委员会的构成符合监管要求及《公司 章程》等相关文件的规定。 二、审计委员会年度会议召开情况 2024 年度，公司董事会审计委员会按照有关法律法规的要求，充分发挥审 查、监督作用，勤勉尽责，为完善公司治理、提高 ...

狮头科技发展股份有限公司 未来三年（2025 年-2027 年）股东分红回报规划 为了进一步细化公司股利分配政策，建立对股东持续、稳定、科学的回报机 制，保持股利分配政策的连续性和稳定性，不断完善董事会、股东大会对公司利 润分配事项的决策程序和机制，根据中国证券监督管理委员会《上市公司监管指 引第 3 号——上市公司现金分红》等文件精神和《狮头科技发展股份有限公司章 程》（以下简称"《公司章程》"）的相关规定，结合公司的实际情况，公司制 定了《狮头科技发展股份有限公司未来三年（2025 年-2027 年）股东分红回报规 划》（以下称"本规划"）。具体内容如下： 3、公司按照合并报表当年实现的归属于公司股东的可分配利润的一定比例 向股东分配股利。 4、公司优先采用现金分红的利润分配方式。 二、本规划的考虑因素 公司充分认识到，作为一家上市公司，在取得自身长远、可持续发展的同时， 必须重视对股东的投资回报，从而实现公司利益和股东利益的最大化。同时，公 司股东的回报中除了资本收益外，现金分红回报是实现股东利益的重要途径，设 置最低利润分配和现金分红比例无疑是实现股东利益最大化的重要补充手段。另 外，公司还认识到，制 ...

狮头科技发展股份有限公司（以下简称"公司"）聘请永拓会计师事务所（特殊 普通合伙）（以下简称"永拓"）作为公司 2024 年度财务报告和内部控制审计机构。 根据财政部、国资委及证监会颁布的《国有企业、上市公司选聘会计师事务所管理 办法》，公司对永拓 2024 年审计过程中的履职情况进行了评估。经评估，公司认为 永拓资质等方面合规有效，履职保持独立性，勤勉尽责，公允表达审计意见。具体 情况如下： 二、执业记录 （一）基本信息 项目合伙人：龚雷，现担任永拓会计师事务所（特殊普通合伙）管理合伙人。2000 年 2 月注册成为注册会计师，2015 年开始从事证券业务审计， 2020 年 1 月加入永 拓，从事注册会计师审计行业 28 年，具备证券服务业务经验。近三年在永拓签署上 市公司 3 家。曾参与公司年报审计 3 年。 签字注册会计师：签字注册会计师：陈岗，1998 年 5 月注册成为注册会计师， 2015 年开始从事证券业务审计，2019 年 12 月加入永拓会计师事务所（特殊普通合 伙），从事注册会计师审计行业 29 年，具备证券服务业务经验。近三年签署上市公 司审计报告 1 家。曾参与公司年报审计 1 年。 ...

证券代码：600539 证券简称：狮头股份 公告编号：临 2025-022 狮头科技发展股份有限公司 一、本次会计政策变更概述 （一）会计政策变更的原因 财政部于2023年10月25日公布了《企业会计准则解释第17号》（财会〔2023〕 21 号，以下简称"解释第 17 号"），规定了"关于流动负债与非流动负债的划分"、 "关于供应商融资安排的披露"、"关于售后租回交易的会计处理"的相关内容， 该解释规定自 2024 年 1 月 1 日起施行。 财政部于 2024 年 12 月 6 日发布了《企业会计准则解释第 18 号》（财会〔2024〕 24 号，以下简称"解释第 18 号"），规定了"关于不属于单项履约义务的保证类 质量保证的会计处理"的相关内容，该解释自印发之日起施行，允许企业自发布 年度提前执行。 关于会计政策变更的公告 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个别及连带责任。 重要内容提示： 公司根据财政部发布的《企业会计准则解释第 17 号》《企业会计准则解释 第 18 号》的规定，对原会计政策相关内容进行变更。 本 ...

证券代码：600539 证券简称：狮头股份 公告编号：临 2025-028 狮头科技发展股份有限公司 关于 2025 年度担保额度预计的公告 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个别及连带责任。 重要内容提示： 被担保人名称：杭州昆汀数字科技有限公司（"昆汀科技"）、杭州创化电子 商务有限公司（"杭州创化"） 本次担保金额及已实际为其提供的担保金额：公司预计 2025 年度拟为上述 子公司提供担保额度总计 18,000 万元。截至本公告披露日，公司已实际为下属子公 司提供的担保总额为 4471.84 万元 本议案尚需提交股东大会审议 一、担保情况概述 为满足公司日常经营发展的需要，在确保规范运作和风险可控的前提下，公司拟 为公司合并报表范围内的子公司提供额度预计不超过人民币 1.8 亿元（含等值外币） 的担保，担保预计基本情况具体如下： 注：本次预计担保额度 18000 万元已涵盖公司为昆汀科技、杭州创化提供的现有存量担保 4471.84 万元。 单位：万元 担保方 被担保方 直接/间 接持股 比例 被担保方最 近一期资产 负 ...

狮头科技发展股份有限公司 董事会审计委员会 2024 年度对会计师事务所 履行监督职责情况报告 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司治理准则》 《国有企业、上市公司选聘会计师事务所管理办法》《上海证券交易所上市公司自律 监管指引第 1 号——规范运作》和狮头科技发展股份有限公司（以下简称"公司"） 的《公司章程》等规定和要求，董事会审计委员会本着勤勉尽责的原则，恪尽职守， 认真履职。现将董事会审计委员会 2024 年度对会计师事务所履行监督职责的情况汇 报如下： 一、2024 年年审会计师事务所基本情况 （一）会计师事务所基本情况 永拓会计师事务所（特殊普通合伙）（以下简称"永拓"）成立于 1993 年，2013 年 12 月转制为特殊普通合伙制事务所，总部位于北京，注册地址为北京市朝阳区关 东店北街 1 号 2 幢 13 层，首席合伙人为吕江先生。截至 2024 年 12 月 31 日，永拓 从业人员总数 1015 人，其中合伙人 99 人，注册会计师 350 人。注册会计师中，130 人签署过证券服务业务审计报告。 （二）聘任会计师事务所履行的程序 公司于 2024 年 4 月 ...

2024 年度董事会对独立董事独立性自查情况的专项报告 根据证监会《上市公司独立董事管理办法》、上海证券交易所《股票上市规则》 《上市公司自律监管指引第1号--规范运作》等要求，狮头科技发展股份有限公司（以 下简称"公司"）董事会，就公司在任独立董事方沙女士、刘慰庭先生、桂磊先生 的独立性情况进行评估并出具如下专项意见： 经核查独立董事方沙女士、刘慰庭先生、桂磊先生的任职经历以及签署的相关 自查文件，上述人员未在公司担任除独立董事以外的任何职务，也未在公司主要股 东公司担任任何职务，与公司以及主要股东之间不存在利害关系或其他可能妨碍其 进行独立客观判断的关系，因此公司独立董事方沙女士、刘慰庭先生、桂磊先生均 符合《上市公司独立董事管理办法》、《上海证券交易所上市公司自律监管指引第1 号--规范运作》中对独立董事独立性的相关要求。 狮头科技发展股份有限公司董事会 2025 年 4 月 25 日 ...