一、 审议通过《关于 2025 年度日常关联交易预计的议案》 经审查，独立董事认为：公司董事会对2024年日常关联交易实际发生情况与 预计存在较大差异的说明符合公司的实际情况，2024年已经发生的日常关联交易 事项公平、合理，没有损害公司和其他非关联方股东的利益。 公司在进行2025年度日常关联交易预计时，主要从控制各项关联交易的总规 模方面来考虑，根据市场情况按照可能发生关联交易的金额上限进行预计，与实 际发生情况存在一定的差异。本次预计的2025年日常关联交易符合公司日常经营 和业务发展需要，遵循了交易双方自愿、公平合理、协商一致的原则，以市场价 格为定价依据，不影响公司的独立性，不存在损害公司及股东利益的情形，亦不 会因该等关联交易对关联人产生依赖。 独立董事一致同意该议案并同意将该议案提交公司第二届董事会第七次会 议审议。 表决结果：3 票同意、0 票反对、0 票弃权。 杭州萤石网络股份有限公司 第二届董事会独立董事专门会议第三次会议决议 根据《中华人民共和国公司法》《中华人民共和国证券法》《上海证券交易 所科创板股票上市规则》《上市公司独立董事管理办法》《杭州萤石网络股份有 限公司章程》（以下简称" ...

证券代码：688475 证券简称：萤石网络 公告编号：2025-006 杭州萤石网络股份有限公司 关于 2024 年年度利润分配预案的公告 本公司董事会、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、准确性和完整性依法承担法律责任。 重要内容提示： 本次利润分配预案尚需提交公司 2024 年年度股东大会审议。 （二）是否可能触及其他风险警示情形 本次利润分配预案不触及《上海证券交易所科创板股票上市规则》第 12.9.1 条第一款第（八）项规定的可能被实施其他风险警示的情形。 | 项目 | 本年度 | 上年度 | 上上年度 | | --- | --- | --- | --- | | | | (已重述) | （已重述） | | 现金分红总额（元） | 275,625,000.00 | 281,250,000.00 | 168,750,000.00 | | 回购注销总额（元） | 0 | 0 | 0 | | 归属于上市公司股东的净利润（元） | 503,927,731.05 | 563,159,339.35 | 333,652,208.56 | | 母公司报表本年度末累计未 ...

Financial Performance - The company achieved operating revenue of ¥5,441,939,939.51, representing a year-over-year increase of 12.41%[22]. - Net profit attributable to shareholders decreased by 10.52% to ¥503,927,731.05 compared to the previous year[22]. - The net cash flow from operating activities fell by 43.44% to ¥548,388,193.76, primarily due to increased cash outflows for purchasing goods and services[25]. - The company's total assets grew by 1.84% to ¥8,353,718,200.43, while net assets attributable to shareholders increased by 4.34% to ¥5,493,265,544.50[25]. - Basic earnings per share decreased by 11.11% to ¥0.64, while the diluted earnings per share was not applicable[23]. - The total profit for the year was 539 million RMB, a decrease of 5.02% compared to the previous year[37]. - The net profit attributable to shareholders was 504 million RMB, down 10.52% year-on-year, while the net profit excluding non-recurring gains and losses was 483 million RMB, a decline of 12.63%[37]. - The company reported a net profit of ¥125,029,413.58 in the first quarter of 2024, with a significant cash flow deficit of ¥152,533,851.54[28]. Dividend Distribution - The company plans to distribute a cash dividend of 3.5 CNY per 10 shares, totaling 275,625,000 CNY, which accounts for 54.70% of the net profit attributable to shareholders for 2024[8]. Audit and Compliance - The company received a standard unqualified audit report from Deloitte Huayong[7]. - The company’s financial report has been confirmed for its authenticity, accuracy, and completeness by its responsible personnel[8]. - The company has not reported any significant risks that could materially affect its operations during the reporting period[5]. - The company has not experienced any non-operational fund occupation by controlling shareholders or related parties[10]. - The company has not violated any decision-making procedures regarding external guarantees[11]. - The company has not reported any governance special arrangements or significant matters[10]. Research and Development - The proportion of R&D investment to operating revenue was 14.95%, a slight decrease of 0.14 percentage points from the previous year[24]. - The company invested 814 million yuan in R&D in 2024, accounting for 14.95% of total revenue, with 1,463 R&D personnel representing 30.25% of total employees[166]. - The total R&D expenditure for the year was ¥813,673,563.79, an increase of 11.35% compared to the previous year[169]. - The company added 100 authorized invention patents and 10 software copyrights during the reporting period, bringing the total to 319 authorized invention patents and 93 software copyrights[166]. - The company has established a strong commitment to core technology development, focusing on IoT cloud platform services and smart home technologies[160]. Product Development and Innovation - The company upgraded its product ecosystem from "1+4+N" to "2+5+N," enhancing its core product lines with AI capabilities[38]. - The newly developed "Blue Ocean Large Model" was registered in September 2024, enabling edge and cloud computing collaboration[41]. - The company launched the S10 video call camera, which features a 4-inch touch IPS screen and dual-way video capabilities, enhancing user interaction[49]. - The S10 camera integrates with the DeepSeek large model for improved natural language understanding and voice interaction[49]. - The newly launched TAMO pet care camera features a unique design and advanced technology, including a dual brushless motor and a 16Wh battery for extended usage, winning the 2024 IF Design Award[52][53]. - The smart home camera segment is expected to evolve towards more visual, interactive, and intelligent features, enhancing user safety and convenience[158]. - The company launched a new AI model, becoming the first in the smart home industry to pass the "large model algorithm security filing," which supports the intelligentization of IoT devices[121]. Market Expansion and Strategy - The company is expanding its market presence in smart home cameras, smart locks, and cleaning robots, targeting both domestic and international retail channels[37]. - The company plans to expand its SKU categories for smart home products and increase the coverage of offline retail stores in 2024, enhancing user reach and brand awareness[101]. - In 2024, the company is actively developing its international market presence, transitioning from single-category to multi-category offerings, with a focus on smart entry products like smart doorbells and locks[104]. - The company has established a balanced domestic and international sales system, with retail and overseas sales proportions continuously increasing[178]. User Engagement and Demographics - The company reported a notable increase in the proportion of female users and younger demographics, with over 30% of the purchasing group being under 30 years old by the end of 2024, indicating a successful brand rejuvenation strategy[113]. - Monthly active users reached 6,552.81 thousand in 2024, up 20.3% from 5,446.41 thousand in 2023[134]. - The number of registered users increased to 19,252.52 thousand in 2024, a 22.4% increase from 15,686.70 thousand in 2023[134]. Risks and Challenges - The company faces risks related to product development, including potential misjudgment of market demand and competition from faster innovators[182]. - The company is exposed to inventory impairment risks due to rapid product iteration and potential misestimation of raw material price fluctuations[188]. - The company operates in multiple foreign currencies, exposing it to foreign exchange risks that could negatively impact financial performance[189]. - The company is navigating increased competition in the smart home industry, with a focus on enhancing its cloud platform and ecosystem[190]. - Global economic fluctuations may lead to decreased market demand, impacting the company's operational performance[191]. Marketing and Brand Development - The company has established a strong online marketing team, enhancing its ability to drive brand awareness through short video content and live streaming[99]. - In 2024, the company aims to enhance its brand image as a "technology brand with AI and warmth," focusing on three key themes: "warm technology," "youthfulness," and "female empowerment" to drive brand growth through a content marketing matrix[106]. - The company achieved significant recognition in 2024, winning 51 brand awards across various fields, including consumer recognition and product quality, which strengthens its long-term development foundation[114]. Supply Chain and Production - The company expanded its production capacity at its Chongqing facility and implemented lean management in its supply chain, enhancing delivery stability and efficiency[118]. - The company has built a self-owned supply chain system, optimizing end-to-end total costs and enhancing product quality control through lean supply chain management[179]. - The company is committed to enhancing its supply chain through digitalization, automation, and intelligent upgrades to improve production efficiency and quality control[150].

Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,380,258,421.19, representing an increase of 11.59% compared to CNY 1,236,902,103.16 in the same period last year[3]. - Net profit attributable to shareholders for the same period was CNY 138,056,259.10, up 10.42% from CNY 125,253,301.27 year-on-year[3]. - Operating profit for Q1 2025 was ¥157,235,874.90, compared to ¥147,783,414.81 in Q1 2024, reflecting a growth of 6.9%[16]. - The company reported a total comprehensive income of ¥138,949,054.50 for Q1 2025, compared to ¥124,485,314.11 in Q1 2024[17]. - The basic earnings per share for the quarter was CNY 0.18, reflecting a 12.50% increase from CNY 0.16 in the previous year[4]. - The basic earnings per share for Q1 2025 was ¥0.18, up from ¥0.16 in Q1 2024[17]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, reaching CNY -65,224,315.47, a 57.24% increase from CNY -153,559,962.37 in the previous year[4]. - Cash flow from operating activities for Q1 2025 was negative at -¥65,224,315.47, an improvement from -¥152,533,851.54 in Q1 2024[19]. - The company's cash and cash equivalents were reported at ¥3,725,675,462.77 as of March 31, 2025, down from ¥3,958,394,220.62 as of December 31, 2024, a decrease of about 5.9%[11]. - Cash and cash equivalents at the end of Q1 2025 totaled ¥3,724,460,462.77, down from ¥4,379,345,207.15 at the end of Q1 2024[20]. - The company's short-term borrowings were not reported, indicating a potential focus on maintaining liquidity without incurring additional debt[13]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,167,974,587.64, a decrease of 2.22% from CNY 8,353,718,200.43 at the end of the previous year[4]. - The total current assets as of March 31, 2025, amounted to ¥5,630,297,058.34, a decrease from ¥5,977,940,776.44 as of December 31, 2024, reflecting a decline of approximately 5.8%[12]. - The total liabilities decreased from ¥2,860,452,655.93 as of December 31, 2024, to ¥2,535,430,413.07 as of March 31, 2025, indicating a reduction of about 11.4%[13]. - The total assets decreased from ¥8,353,718,200.43 as of December 31, 2024, to ¥8,167,974,587.64 as of March 31, 2025, representing a decline of approximately 2.2%[14]. - The company's total equity increased from ¥5,493,265,544.50 as of December 31, 2024, to ¥5,632,544,174.57 as of March 31, 2025, reflecting an increase of about 2.5%[14]. Research and Development - Research and development expenses totaled CNY 203,614,149.98, accounting for 14.75% of operating revenue, down 2.02 percentage points from the previous year[4]. - Research and development expenses for Q1 2025 were ¥203,614,149.98, slightly down from ¥207,472,364.70 in Q1 2024[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,327[9]. Foreign Exchange and Other Gains - The company reported non-recurring gains and losses totaling CNY 333,972.77 for the period[6]. - The company experienced a foreign exchange gain of ¥6,925,885.38 in Q1 2025, contrasting with a loss of -¥375,255.28 in Q1 2024[20]. Management and Business Combination - The company signed a management agreement with its indirect controlling shareholder, which resulted in the control of Hangzhou Furu Technology Co., Ltd., leading to a business combination under common control[5].

中国国际金融股份有限公司 1 关于杭州萤石网络股份有限公司 与中国电子科技财务有限公司签订《金融服务协议》 暨关联交易的核查意见 中国国际金融股份有限公司（以下简称 "保荐机构"）作为杭州萤石网络股 份有限公司（以下简称"萤石网络"或"公司"）首次公开发行并在科创板上市 的保荐机构，根据《证券发行上市保荐业务管理办法》《上海证券交易所科创板 股票上市规则》《科创板上市公司持续监管办法（试行）》及《上海证券交易所上 市公司自律监管指引第 11 号——持续督导》等相关法律、法规和规范性文件的 规定，对公司与关联方签订《金融服务协议》暨关联交易的事项进行了核查，具 体情况如下： 一、交易情况概述 根据公司经营发展需要，公司拟与中国电子科技财务有限公司（以下简称"财 务公司"）签订《金融服务协议》（以下简称"协议"），协议有效期为一年。协议 约定双方就存款、结算、综合授信及其他金融服务开展业务合作，约定公司及控 股子公司在财务公司存放的资金最高余额（包括应计利息）每日不高于人民币 4,000 万元（含）；可循环使用的授信额度为不高于人民币 4,000 万元（含），用途 包括但不限于贷款、票据承兑、票据贴现、保函、保理 ...

内部控制审计报告 德师报(审)字(25)第 S00297 号 杭州萤石网络股份有限公司全体股东: 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求,我们审计了杭州萤 石网络股份有限公司(以下简称"萤石网络")2024年 12月 31日财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企业内部控制评价指引》 的规定,建立健全和有效实施内部控制,并评价其有效性是萤石网络董事会的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上,对财务报告内部控制的有效性发表审计意见,并对 注意到的非财务报告内部控制的重大缺陷进行披露。 三、内部控制的固有局限性 内部控制具有固有局限性,存在不能防止和发现错报的可能性。此外,由于情况的变化可能 导致内部控制变得不恰当,或对控制政策和程序遵循的程度降低,根据内部控制审计结果推测未 来内部控制的有效性具有一定风险。 四、财务报告内部控制审计意见 我们认为,萤石网络于 2024年 12月 31 日按照《企业内部控制基本规范》和相关规定在所有 重大方面保持了有效的财务报告内部控制。 德動华永会计师 2 ...

中国国际金融股份有限公司 关于杭州萤石网络股份有限公司 2024 年度募集资金存放与实际使用情况的专项核查意见 中国国际金融股份有限公司（以下简称"保荐机构"）为杭州萤石网络股份 有限公司（以下简称"公司"、"萤石网络"）首次公开发行股票并上市的保荐 机构。根据《证券发行上市保荐业务管理办法》《上海证券交易所科创板股票上 市规则》《上市公司监管指引第2号——上市公司募集资金管理和使用的监管要 求》《上海证券交易所上市公司自律监管指引第1号——规范运作》等有关规定， 对萤石网络2024年度募集资金存放与实际使用情况进行了专项核查，核查情况及 核查意见如下： 一、募集资金基本情况 （一）实际募集资金金额、资金到账时间 为进一步规范募集资金的管理和使用，提高募集资金使用效率，保护投资者 权益，公司依照《中华人民共和国公司法》《中华人民共和国证券法》和《上市 公司监管指引第 2 号——上市公司募集资金管理和使用的监管要求》的规定和要 求，结合公司的实际情况，制定了《杭州萤石网络股份有限公司募集资金管理制 度》（以下简称《募集资金管理制度》），对募集资金的存放、使用、管理及监 督等做出了具体明确的规定，并严格按照《募集 ...

杭州 TTT 财务 2024 年 31 009308 杭州萤石网络股份有限公司 财务报表及审计报告 2024 年 12 月 31 日止年度 | 内容 | 页码 | | --- | --- | | 审计报告 | 1 - 3 | | 合并及母公司资产负债表 | 4 - 7 | | 合并及母公司利润表 | 8 - 9 | | 合并及母公司现金流量表 | 10 - 11 | | 合并及母公司股东权益变动表 | 12 - 13 | | 财务报表附注 | 14 - 94 | 六九四郎 赵姓 出场 陈 上一八 审计报告 德师报(审)字(25)第 P04336 号 (第1页,共3页) 杭州萤石网络股份有限公司全体股东: 一、审计意见 我们审计了杭州萤石网络股份有限公司(以下简称"萤石网络")的财务报表，包括 2024年 12月 31 日的合 并及母公司资产负债表、2024 年度的合并及母公司利润表、合并及母公司现金流量表、合并及母公司股东 权益变动表以及相关财务报表附注。 我们认为,后附的财务报表在所有重大方面按照企业会计准则的规定编制,公允反映了带石网络 2024 年 12月 31 日的合并及母公司财务状况以及 2024 ...

关于杭州萤石网络股份有限公司 非经营性资金占用及其他关联资金往来情况 汇总表的专项审计报告 目 录 1、 专项审计报告 2、 附表 委托单位：杭州萤石网络股份有限公司 审计单位：德勤华永会计师事务所（特殊普通合伙） 联系电话：021-61418888 Deloitte. 关于杭州萤石网络股份有限公司 控股股东、实际控制人及其他关联方资金占用情况的专项说明 德师报(函)字(25)第 Q00480 号 杭州萤石网络股份有限公司董事会: 我们接受委托,依据中国注册会计师审计准则审计了杭州萤石网络股份有限公司(以下简 称"贵公司")2024年12月31日合并及母公司资产负债表,2024年度合并及母公司利润表、 合并及母公司现金流量表、合并及母公司股东权益变动表以及相关财务报表附注(以下合称 "财务报表"),并于2025年4月10日签发了德师报(审)字(25)第 P04336号无保留意见的审计 报告。 根据中国证券监督管理委员会联合公安部、国务院国有资产监督管理委员会及中国银行 保险监督管理委员会公布的《上市公司监管指引第8号 -- 上市公司资金往来、对外担保的监 管要求》的要求,贵公司编制了后附的 2024年度非经营 ...

2、独立董事专门会议审议情况 中国国际金融股份有限公司 关于杭州萤石网络股份有限公司 2025 年度日常关联交易预计的核查意见 中国国际金融股份有限公司（以下简称"保荐机构"）作为杭州萤石网络股 份有限公司（以下简称"萤石网络"或"公司"）首次公开发行并在科创板上市 的保荐机构，根据《证券发行上市保荐业务管理办法》《上海证券交易所科创板 股票上市规则》《上海证券交易所上市公司自律监管指引第 5 号——交易与关联 交易》以及《上海证券交易所上市公司自律监管指引第 11 号——持续督导》等 相关法律、法规和规范性文件的规定，对公司 2025 年度日常关联交易预计事项 进行了核查，具体情况如下： 一、日常关联交易基本情况 （一）日常关联交易履行的审议程序 1、审计委员会的履职情况和审查意见 公司董事会审计委员会认为：公司 2024 年已发生的日常关联交易事项公平、 合理，不存在损害公司和其他非关联方股东利益的情形。本次预计 2025 年度日 常关联交易符合公开、公平、公正的原则，定价公允；公司与关联方的交易符合 公司日常生产经营业务需要，不会损害公司及其股东特别是中小股东的利益，也 不会影响公司的独立性。我们同意本 ...