Core Insights - The article highlights the 25-year journey of the company, Beiliqingsong, which has evolved from creating the first eye massager to becoming a leader in the smart portable massager industry, emphasizing the integration of traditional Chinese medicine and modern technology [2][3] Business Focus - The company has maintained a strong focus on the smart portable massager sector, continuously innovating in core technologies such as drive control, sensor interaction, and the Internet of Things, with over 1,000 patents, including nearly 200 invention patents [3] - The company underwent a pivotal transformation by narrowing its product line to portable massagers, which led to increased sales [3] - Beiliqingsong adopts a differentiation strategy rather than a cost-leadership approach, which has helped it avoid homogenization in a competitive market [3] Channel Strategy - The company has developed a comprehensive service system that includes 33 million global users, 6.6 million platform members, and 2.8 million private domain members, expanding from traditional retail to high-end venues and global networks [4] Iterative Innovation - Product iteration and innovation are central to the company's growth, having pioneered an online and offline dual-channel model as early as 2008 and launched the first smart eye massager in collaboration with Alibaba in 2019 [5][6] - The introduction of the "Relax Moment" model combines sales of technology products with immediate massage services, addressing the evolving needs of consumers [6] Collaborative Growth - The company emphasizes continuous product evolution every one to two years, integrating customer feedback to enhance product performance [7] - The company collaborates with medical experts and institutions to ensure that its products are designed based on traditional Chinese medicine principles, validated through extensive clinical trials [7] - The company aims to influence public health positively and maintain a commitment to health and wellness through its products and services [7]

Core Viewpoint - The Shanghai Stock Exchange issued a regulatory letter to Beilong Technology, addressing compliance issues related to the company and its key stakeholders, emphasizing the importance of governance and transparency [1][2]. Group 1: Regulatory Actions - On July 4, the Shanghai Stock Exchange sent a regulatory letter to Beilong Technology, involving the company, its board members, senior management, controlling shareholders, and related intermediaries [1][2]. - The regulatory letter aims to ensure compliance with relevant laws and regulations, promoting corporate governance and transparency [2]. Group 2: Financial Reporting Corrections - Beilong Technology announced a correction to its 2024 annual report on July 4, revealing inaccuracies in the disclosures regarding its top five customers and suppliers, as well as issues related to the actual controller's fund occupation [2]. - The company stated that the corrections would not impact its operating performance for the 2024 fiscal year [2]. Group 3: Internal Control Issues - Beilong Technology disclosed additional information regarding fund occupation and related party borrowing, indicating that there were instances of non-operational fund occupation and violations related to guarantees [3][4]. - The internal control audit report for 2024 identified two significant deficiencies: non-operational fund occupation and improper guarantees [4].

Core Viewpoint - Shenzhen Beiliang Technology Co., Ltd. has transformed from a single massage equipment manufacturer to a health technology ecosystem service provider, establishing a comprehensive health management system covering prevention, detection, intervention, and management [1] Group 1: Business Model and Strategy - The "Relax Moment" project aims to address the limitations of traditional massage products by integrating technology and professional services, creating a new sales and service model that combines smart devices, manual techniques, and traditional Chinese medicine [1][2] - The company plans to pilot the new model of "technology products + quick massage services" in its direct stores starting in 2024, with positive market feedback already observed [2] Group 2: Market Expansion - The company has opened six "Relax Moment" stores across Shenzhen, Guangzhou, and Xi'an by mid-2025, with plans for rapid expansion in the latter half of the year [2] - The overseas market has shown promising results, with the first international store opened in Singapore's Changi Airport in November 2024, and plans to expand into Indonesia and Vietnam, aiming to create a scalable and chain-like brand presence in Southeast Asia [2]

特此公告。 深圳市倍轻松科技股份有限公司董事会 | 证券代码：688793 证券简称：倍轻松 公告编号：2025-049 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 深圳市倍轻松科技股份有限公司 | | | | | | | | 本公司董事会及全体董事保证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： | | | | | | | | 本次会议是否有被否决议案：无 | | | | | | ? | | 一、 会议召开和出席情况 | | | | | | | | （一） 股东会召开的时间：2025 年 7 月 | 4 日 | | | | | | | 19 （二） 股东会召开的地点：深圳市南山区创业路 | | 1777 | 号海信南方大厦 | | 楼 | | | （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 | | | | | | | | 其持有表决权数量的情况： | | | | | ...

Group 1 - The legal opinion letter confirms the legality of the convening and holding procedures of the 2025 Second Extraordinary General Meeting of Shenzhen Beiliang Technology Co., Ltd. [1][2] - The meeting was convened by the company's board of directors, with a notice published on June 18, 2025, detailing the time, location, and agenda of the meeting [2][3] - The meeting utilized a combination of on-site and online voting, with specific time slots for voting outlined [3][4] Group 2 - A total of 34 shareholders and their representatives participated in the meeting, holding 44,049,337 shares, which accounted for 52.9544% of the total voting shares [3][4] - The on-site attendees included 3 shareholders representing 43,896,631 shares, or 52.7708% of the voting shares, while 31 shareholders participated via online voting, holding 152,706 shares, or 0.1836% [4][5] - The qualifications of all attendees were verified and deemed valid according to relevant regulations [4][5] Group 3 - The voting process was conducted in accordance with the rules, with no objections raised regarding the results of the on-site voting [5][6] - The voting results showed that the proposal received 44,015,513 votes in favor, representing 99.9232% of the valid votes cast [6] - The meeting's resolutions were passed with more than half of the valid voting shares, confirming the legality of the decisions made [6]

Core Viewpoint - The company has issued a correction announcement regarding the special audit report on non-operating fund occupation and other related fund transactions, revealing additional instances of fund occupation beyond what was previously disclosed [1][6]. Summary by Relevant Sections Non-operating Fund Occupation - The company identified additional non-operating fund occupations through early payments to suppliers and employee loans, totaling 54 million yuan [1][6]. - The corrected report indicates that the actual control person has engaged in fund occupation through various means, including early supplier payments and employee loans [6]. Financial Data - The total amount of non-operating fund occupation before correction was reported as 54 million yuan, which remains unchanged after the correction [1][6]. - The company reported early payments to suppliers amounting to 25.1 million yuan in 2024, with a total of 30.55 million yuan in early payments across 2023 and 2024 [6]. Related Party Transactions - The report includes transactions with related parties, such as loans and receivables from subsidiaries, with specific amounts detailed for each entity involved [2][5]. - The company has confirmed that all outstanding principal and interest related to these transactions have been settled as of the report date [6]. Compliance and Governance - The company emphasizes its commitment to adhere to relevant laws and regulations, including the Company Law and Securities Law, and to strengthen internal control and governance practices [6][7].

Core Points - The candidate Liu Chunfang has been nominated as an independent director for Shenzhen Beiqing Technology Co., Ltd. and confirms understanding and agreement with the nomination [1] - The candidate possesses the necessary qualifications and experience to fulfill the role of an independent director, including over five years of relevant work experience in law, economics, accounting, finance, and management [1] - The candidate meets the legal and regulatory requirements for independent directors as outlined in various Chinese laws and regulations [2] - The candidate asserts independence, stating no relationships that could affect independence, including not being a major shareholder or having significant business ties with the company [2] - The candidate has no adverse records, including no administrative or criminal penalties from the China Securities Regulatory Commission (CSRC) in the last 36 months [3][4] - The candidate has not been dismissed from previous independent director roles due to absence from board meetings [4] - The candidate holds a professional accounting qualification and has over five years of full-time experience in accounting and auditing [6] - The candidate has completed relevant training and possesses the necessary certification recognized by the stock exchange [6] - The candidate commits to adhering to laws, regulations, and rules set by the CSRC and the Shanghai Stock Exchange during the tenure as an independent director [5][6]

Core Viewpoint - The report details the non-operating fund occupation and other related fund transactions of Shenzhen Beiliang Technology Co., Ltd, highlighting the amounts involved and the parties responsible for these transactions [1][4]. Summary by Sections Non-operating Fund Occupation - The total non-operating fund occupation by the actual controller, Ma Xuejun, amounts to 5,400,000 yuan, with an interest of 0.15 million yuan [1]. - The cumulative amount of non-operating fund occupation for the year 2024 is reported as 8,593.29 million yuan, with a repayment of 6,605.00 million yuan [2][3]. Related Party Transactions - The report indicates that the actual controller has borrowed 683.29 million yuan from employees in 2024, with 360 million yuan already repaid, leaving a remaining principal of 323.29 million yuan [4]. - The interest accrued from employee loans for 2023 and 2024 totals 15.31 million yuan, with specific amounts detailed for each year [4]. Advance Payments to Suppliers - The company made advance payments to suppliers totaling 2,510 million yuan in 2024, with a previous amount of 545 million yuan in 2023, leading to a total of 3,055 million yuan in advance payments [4]. - The report confirms that suppliers have acknowledged the debts, and the company has received cash refunds from certain suppliers, totaling 1,905.84 million yuan [4]. Financial Summary - As of the report date, all principal and interest related to the actual controller's fund occupation have been fully repaid, indicating a resolution of outstanding financial obligations [4].

Core Viewpoint - The company reported a decline in revenue for 2024 but achieved profitability in net profit, indicating a shift in financial performance despite challenges in sales [1][2]. Group 1: Financial Performance - In 2024, the company achieved operating revenue of 1.085 billion yuan, a year-on-year decrease of 14.88%, while net profit attributable to shareholders was 10.2532 million yuan, marking a turnaround from losses [1][2]. - The gross profit margin for 2024 was 60.51%, an increase of 1.83 percentage points compared to the previous year [1][2]. - In Q1 2025, revenue fell by 32.83%, with both net profit and non-recurring net profit being negative [1][2]. Group 2: Cost and Expense Analysis - The total operating costs for 2024 were 1.105 billion yuan, down 16.83% from the previous year, with a significant reduction in sales expenses [2][3]. - Sales expenses decreased primarily due to lower promotional and advertising costs, with promotional expenses amounting to 192.378 million yuan, accounting for 35.34% of total sales expenses [3][4]. - The company reported an increase in other income, including a VAT software tax refund of 25.8921 million yuan in 2024, up from 12.8320 million yuan in 2023 [3][4]. Group 3: Product and Market Strategy - The company maintained a high gross profit margin due to brand and technology advantages, centralized procurement, and a strong market positioning strategy [6][7]. - The sales model analysis showed that all channels experienced an increase in gross profit margins, with offline direct sales achieving a margin of 73.80% [7]. - The company focused on high-margin products and adjusted its sales strategy to enhance operational efficiency and reduce costs [12][13]. Group 4: International Revenue - The company reported overseas revenue of 79.8705 million yuan in 2024, a year-on-year increase of 9.49%, with a gross profit margin of 60.72% [13][14]. - The increase in overseas revenue was primarily driven by growth in online direct sales, which rose by 9.8009 million yuan [14][15]. - The company emphasized the importance of maintaining effective internal controls for overseas operations to ensure revenue recognition aligns with cash receipts [13][14].

Core Viewpoint - Shenzhen Beiqing Technology Co., Ltd. (the "Company") announced corrections to its 2024 annual report, specifically regarding the disclosure of its top five customers and suppliers, as well as the actual controller's fund occupation and related party fund borrowing. The corrections will not impact the Company's operating performance for 2024 [1][10]. Summary by Relevant Sections Correction Reasons - The first and fifth customers listed in the 2024 annual report were incorrectly separated; they should be combined as they are under the same control. The corrected total sales amount for the combined customer is not specified but is included in the overall sales figures [1][2]. - Similarly, the first and second suppliers were also incorrectly listed separately and should be combined, with a total procurement amount of 10,879.66 million yuan. A new fifth supplier, Fujian Meisheng Health Technology Co., Ltd., with a procurement amount of 1,502.37 million yuan, has been added [2]. Detailed Correction Information - **Top Five Customers**: - Before correction, the total sales amount from the top five customers was 27,552.1 million yuan, accounting for 25.38% of total annual sales. After correction, the total sales amount is adjusted to 28,908.14 million yuan, now accounting for 26.64% of total annual sales [3][4]. - **Top Five Suppliers**: - Before correction, the total procurement amount from the top five suppliers was 16,245.15 million yuan, accounting for 41.42% of total annual procurement. After correction, the total procurement amount is adjusted to 17,747.52 million yuan, now accounting for 45.25% of total annual procurement [5][6]. Actual Controller Fund Occupation and Related Party Borrowing - The Company disclosed additional fund occupation situations involving the actual controller, including non-operational fund occupation and related party borrowing. The total fund occupation from the actual controller through various means is detailed, with specific amounts and repayment timelines provided [2][10]. - The total fund occupation at the end of the reporting period is noted to be 7.02% of the most recent audited net assets [10]. Other Notes - The Company emphasized that aside from the corrections mentioned, all other contents of the 2024 annual report remain unchanged. The corrected report has been made available for investors to review [10][11].