会议时间：2025 年 9 月 5 日 会议地点：上海市浦东新区杨高南路 99 弄 1 号 保利浦开金融中心 T1-6F 爱婴室 1 号会议室 会议召开方式：现场投票和网络投票相结合 上海爱婴室商务服务股份有限公司 会议资料 上海爱婴室商务服务股份有限公司 为维护全体股东合法权益，确保上海爱婴室商务服务股份有限公司（以下简 称"公司"或"爱婴室"）本次股东会的顺利召开，依据中国证监会《上市公司 股东会规则》《公司章程》和《股东会议事规则》等有关规定，制定大会须知如 下： 则，认真履行《公司章程》规定的职责，做好召集、召开股东会的各项工作。 履行其法定权利和义务，不得侵犯其他股东的权益，不得扰乱大会的正常秩 序。 现场参会股东请于 2025 年 9 月 5 日 10:30 前抵达大会指定地点并凭股东账户 卡或身份证原件等证件，待核准股东身份后方可进入会场。 东会议案进行，发言需简明扼要，每人发言不超过三分钟，提问需在会前填 写提问单。 东应遵守上海证券交易所关于网络投票的相关规则。现场大会表决采用记名 方式投票表决，出席现场会议的股东或股东委托代理人在审议议案后，填写 表决票进行投票表决。股东在现场投票表决时， ...

每经AI快讯，爱婴室（SH 603214，收盘价：19.15元）8月29日发布公告称，公司于2025年8月28日收到 莫锐强先生发来的《关于股份减持计划实施结果告知函》，截至本公告日，莫锐强先生减持计划时间届 满，期间莫锐强先生共计减持公司股份100万股，占公司总股本的0.72%。 每经头条（nbdtoutiao）——申请超2万份，已开出41家，加盟海底捞，你要准备多少钱？1000万元不算 多，真实"账单"公布 2024年1至12月份，爱婴室的营业收入构成为：门店销售占比71.65%，电子商务占比20.76%，供应商服 务占比6.43%，母婴服务占比1.03%，其他业务占比0.08%。 （记者 贾运可） ...

上海爱婴室商务服务股份有限公司 2025 年第二次临时股东会 会议资料 会议时间：2025 年 9 月 5 日 会议地点：上海市浦东新区杨高南路 99 弄 1 号 上海爱婴室商务服务股份有限公司 2025 年第二次临时股东会会议须知 为维护全体股东合法权益，确保上海爱婴室商务服务股份有限公司（以下简 称"公司"或"爱婴室"）本次股东会的顺利召开，依据中国证监会《上市公司 股东会规则》《公司章程》和《股东会议事规则》等有关规定，制定大会须知如 下： 2 1、 董事会以维护全体股东的合法权益、维持大会正常秩序和提高议事效率为原 则，认真履行《公司章程》规定的职责，做好召集、召开股东会的各项工作。 2、 股东参加股东会依法享有发言权、表决权等权利。股东参加股东会，应认真 履行其法定权利和义务，不得侵犯其他股东的权益，不得扰乱大会的正常秩 序。 3、 会议登记时间为 2025 年 9 月 4 日上午 9:30-11:30，下午 13:30-17:00，未登记 现场参会股东请于 2025 年 9 月 5 日 10:30 前抵达大会指定地点并凭股东账户 卡或身份证原件等证件，待核准股东身份后方可进入会场。 4、 股东会由 ...

证券代码：603214 证券简称：爱婴室 公告编号：2025-049 上海爱婴室商务服务股份有限公司 关于持股 5%以上股东减持股份结果公告 本公司董事会、全体董事及相关股东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： 持股 5%以上股东持股的基本情况 本次减持计划实施前，上海爱婴室商务服务股份有限公司（以下简称"公司"） 持股 5%以上股东莫锐强先生持有公司无限售流通股份 16,800,000 股，占公司总 股本的 12.13%。 减持计划的实施结果情况 公司于 2025 年 5 月 8 日披露了《上海爱婴室商务服务股份有限公司关于持 股 5%以上股东减持股份计划公告》（公告编号：2025-022），持股 5%以上股东莫 锐强先生拟通过集中竞价、及/或大宗交易方式合计减持爱婴室股份不超过 1,385,400 股，即不超过公司总股本的 1%。 公司于 2025 年 8 月 28 日收到莫锐强先生发来的《关于股份减持计划实施结 果告知函》，截至本公告日，莫锐强先生减持计划时间届满，期间莫锐强先生共 计减持公司股份 1,000,000 ...

Market Overview - On August 28, the professional chain sector experienced a decline of 0.46%, with Huazhi Wine leading the drop [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] Individual Stock Performance - Tianyin Holdings (000829) closed at 10.60, up 1.44% with a trading volume of 252,300 shares [1] - Aishide (002416) closed at 12.60, up 1.04% with a trading volume of 337,200 shares [1] - Jifeng Technology (300022) closed at 8.72, down 0.11% with a trading volume of 228,200 shares [1] - Haiziwang (301078) closed at 12.43, down 1.35% with a trading volume of 769,100 shares [1] - Doctor Glasses (300622) closed at 36.75, down 1.47% with a trading volume of 215,400 shares [1] - Aiying Room (603214) closed at 19.15, down 1.69% with a trading volume of 84,300 shares [1] - Huazhi Wine (300755) closed at 17.90, down 3.24% with a trading volume of 156,600 shares [1] Capital Flow Analysis - The professional chain sector saw a net outflow of 329 million yuan from main funds, while retail investors contributed a net inflow of 278 million yuan [1] - The table indicates that Huazhi Wine had a main fund net inflow of over 1.62 million yuan, but a net outflow of 23.4 million yuan from retail investors [2] - Jifeng Technology experienced a main fund net outflow of 145,400 yuan, with retail investors contributing a net inflow of 27.28 million yuan [2] - Doctor Glasses had a significant main fund net outflow of 75.03 million yuan, while retail investors contributed a net inflow of 116 million yuan [2] - Haiziwang faced a main fund net outflow of 162 million yuan, with retail investors contributing a net inflow of 125 million yuan [2]

Investment Rating - The investment rating for the company is "Buy" (maintained) [5] Core Insights - The company reported a revenue increase of 8% and a net profit increase of 10% in the first half of 2025, with revenue reaching 1.835 billion yuan and net profit at 46.74 million yuan [1] - The company is focusing on expanding its direct stores in East China, Central China, and South China, while optimizing its product category structure [2] - The collaboration with Bandai Namco is expected to enhance profit margins, with the company projected to achieve revenues of 3.8 billion yuan in 2025, 4.2 billion yuan in 2026, and 4.7 billion yuan in 2027, reflecting growth rates of 9%, 11%, and 12% respectively [3] Financial Summary - The company is expected to generate revenues of 3.466 billion yuan in 2024, with a growth rate of 4.06%, and net profit of 106.41 million yuan, reflecting a growth rate of 1.61% [4] - The projected earnings per share (EPS) for 2025 is 0.97 yuan, with a price-to-earnings (P/E) ratio of 20.30 [4] - The company’s total market capitalization is approximately 2.69876 billion yuan [6]

制作：产品中心 《策略|"十五五"前瞻初探——"十五五"研究系列》 1、"十五五"规划展望。自 1953 年开始制定第一个"五年计划"以来， 我国已发布十四个"五年规划"。完善统一大市场：推进统一大市场建设 重点在于打破地方保护和市场分割，促进资源的高效配置流动，激发各类 市场主体活力与创造力。2、促进民生消费："十五五"规划可能在以下几 方面进一步对消费进行支持：1.财政支出从投资进一步转向民生；2.大力 支持消费结构升级。3、深化国有企业改革：整体来看，预计"十五五" 中，国有企业改革整体思路或依旧延续精细化区分、"一企一策"的思路， 同时要积极探索尝试有利于创新的国有企业经营机制和公司治理模式。4、 健全资本市场稳定机制："十五五"期间资本市场改革思路或转向"构建 内在稳定、韧性强的现代化资本市场生态系统"。整体来看，"十五五"期 间的资本市场稳定机制建设将是一个系统性的工程，完成从"政策驱动" 到"制度驱动"、从"单一维度"到"生态系统"的转型，推动资本市场 高质量发展,助力加快建设金融强国。 证券研究报告 | 2025 年 08 月 27 日 $$\overline{{{\prod_{\mathrm ...

Core Insights - Aiyingshi reported a net profit attributable to shareholders of 46.74 million yuan for the first half of 2025, representing a year-on-year growth of 10.17% [1] - The company emphasizes shareholder returns with a proposed cash dividend of 1.3 yuan per 10 shares, resulting in a dividend payout ratio of 38.53% [1] Store Expansion and Strategy - Aiyingshi opened 35 new stores and closed 23 stores in the first half of 2025, ending the period with a total of 487 stores, primarily concentrated in East China, Central China, and South China [1] - The company has signed contracts for 30 additional stores to be opened in 2025, accelerating its store expansion strategy [1] - Aiyingshi is implementing a dual-track expansion strategy focusing on "core regional cities + key business districts," targeting high-traffic cities like Changsha [1] Operational Improvements - The company has successfully developed a sixth-generation standardized store model, enhancing customer acquisition capabilities and operational efficiency, with foot traffic and sales increasing by nearly 20% year-on-year [1] - Aiyingshi's collaboration with Bandai is expected to open up new retail growth opportunities through IP [1] Financial Forecast - Based on the accelerated store openings, Aiyingshi has slightly raised its profit forecasts, expecting net profits attributable to shareholders of 135 million yuan, 168 million yuan, and 204 million yuan for 2025, 2026, and 2027 respectively, with corresponding price-to-earnings ratios of 20, 16, and 13 times [1]

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 300022 | 吉峰科技 | 60'6 | 1.79% | 25.15万 | | 2.271Z | | 000829 | 天音控股 | 10.75 | 1.22% | 29.83万 | | 3.20亿 | | 300622 | 博士眼鏡 | 37.41 | 0.51% | 22.99万 | | 8.57 乙 | | 002416 | 爰施德 | 12.78 | 0.00% | 31.82万 | | 4.05亿 | | 603214 | 爱琴室 | 19.74 | -0.50% | 6.66万 | | 1.32亿 | | 301078 | 孩子王 | 12.93 | -0.84% | 55.70万 | | 7.21亿 | | 300755 | 华致酒行 | 19.41 | -1.02% | 15.15万 | | 2.95亿 | 从资金流向上来看，当日专业连锁板块主力资金净流出1.62亿元，游资资金净流出2111.93万元，散户资 金 ...

Investment Rating - The investment rating for the company is "Buy" with a target price set for the next six months [6][16]. Core Views - The company reported a 10.17% year-on-year increase in net profit attributable to shareholders, amounting to 46.74 million yuan in the first half of 2025 [1]. - Revenue for the first half of 2025 reached 1.835 billion yuan, reflecting an 8.31% year-on-year growth [1]. - The company is focusing on optimizing store formats and accelerating store openings, with a net increase of 12 stores in the first half of 2025, bringing the total to 487 stores [3]. - A partnership with Bandai Namco is expected to create a new growth avenue, with plans to open more stores featuring popular IPs [4]. Financial Performance - In Q2 2025, the company achieved revenue of 976 million yuan, a 9.89% increase year-on-year, and a net profit of 40.04 million yuan, up 10.9% year-on-year [2]. - The gross profit margin for the first half of 2025 was 25.9%, a slight decrease of 0.55 percentage points year-on-year [1]. - The company plans to distribute a cash dividend of 1.3 yuan for every 10 shares, with a dividend payout ratio of 38.53% [2]. Store Expansion and Strategy - The company has opened 35 new stores and closed 23 in the first half of 2025, with a focus on high-consumption cities [3]. - A new standardized store model has been developed to enhance customer acquisition and operational efficiency, resulting in a nearly 20% increase in customer visits and sales [3]. - The company has signed agreements for 30 additional stores to be opened in 2025, indicating a strong commitment to expansion [3]. Financial Projections - The company expects net profits to reach 135 million yuan, 168 million yuan, and 204 million yuan for the years 2025, 2026, and 2027 respectively, with corresponding P/E ratios of 20, 16, and 13 [4][5]. - Revenue projections for the next few years are as follows: 3.812 billion yuan in 2025, 4.223 billion yuan in 2026, and 4.765 billion yuan in 2027, with growth rates of 9.96%, 10.77%, and 12.86% respectively [5][10].