Core Insights - Guangbo Co., Ltd. reported a revenue of 1.839 billion yuan for the first three quarters, representing a year-on-year increase of 4.59% [1] - The net profit attributable to shareholders of the listed company reached 125 million yuan, showing a year-on-year growth of 18.87% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 106 million yuan, reflecting a year-on-year increase of 10.67% [1]

证券代码: 002103 证券简称:广博股份 公告编号：2025-056 广博集团股份有限公司 关于使用闲置自有资金进行委托理财的进展公告 根据上述决议，现将公司理财产品购买进展情况公告如下： 一、购买理财产品概况 本公司及董事会全体成员保证信息披露的内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 广博集团股份有限公司（以下简称"公司"）于2025年4月10日 召开了公司第八届董事会第十七次会议，并于2025年5月9日召开了 2024年度股东大会，审议通过了《关于使用闲置自有资金进行委托理 财的议案》，公司（包括全资子公司及控股子公司，下同）在不影响 正常经营资金需求和确保资金安全的前提下，使用部分闲置自有资金 进行委托理财，总额度不超过50,000万元人民币，投资期限不超过12 个月，在额度及期限范围内可循环滚动使用。具体内容详见2025年4 月12日公司刊登于《证券时报》及巨潮资讯网（www.cninfo.com.cn） 的《关于使用闲置自有资金进行委托理财的公告》。 公司全资子公司宁波广博纸制品有限公司于 2025 年 10 月 28 日以 闲置自有资金人民币 3,000 万元认购了浙商银 ...

第八届董事会第二十次会议决议公告 广博集团股份有限公司（以下简称"公司"）第八届董事会第二 十次会议通知于2025年10月24日以书面和电子邮件送达的方式发出， 会议于2025年10月29日以通讯表决方式在公司会议室召开。本次会议 由董事长王利平先生召集和主持，会议应出席董事9名，实际出席董 事9名。本次会议的通知、召集、召开、审议、表决均符合有关法律、 行政法规、部门规章、规范性文件和公司章程的相关规定。 二、会议审议情况 经出席会议董事表决，一致通过如下决议： 1、审议通过公司《2025 年第三季度报告》 具体内容详见同日披露于巨潮资讯网(www.cninfo.com.cn)的 《广博集团股份有限公司2025年第三季度报告》。 证券代码: 002103 证券简称:广博股份 公告编号:2025-054 广博集团股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 一、会议召开情况 本议案已事前经董事会审计委员会审议通过。 表决结果：同意9票，反对0票，弃权0票。 三、备查文件 1、公司第八届董事会第二十次会议决议 1 特此公告。 广博集团股份有限公司 ...

Financial Performance - The company's revenue for Q3 2025 reached ¥667,467,409.56, an increase of 8.71% year-on-year[7] - Net profit attributable to shareholders for Q3 2025 was ¥49,118,753.71, representing a significant growth of 52.00% compared to the same period last year[7] - The net profit after deducting non-recurring gains and losses for Q3 2025 was ¥45,100,479.75, up 66.63% year-on-year[7] - For the first nine months of 2025, the company achieved a total revenue of ¥1,838,748,112.84, an increase of 4.59% year-on-year[12] - The basic earnings per share for Q3 2025 was ¥0.0923, reflecting a growth of 52.31% compared to the previous year[7] - Total operating revenue for the current period reached ¥1,838,748,112.84, an increase of 4.6% compared to ¥1,758,024,349.55 in the previous period[26] - Net profit for the current period was ¥125,252,855.81, compared to ¥105,454,101.83 in the previous period, representing a growth of 18.8%[27] Cash Flow and Liquidity - The company's cash flow from operating activities for the first nine months of 2025 was ¥75,308,873.20, a substantial increase of 189.99% year-on-year[7] - The net cash flow from operating activities for the first nine months of 2025 was CNY 75,308,873.20, an increase of 189.99% compared to CNY 25,969,392.73 in the same period of 2024, primarily due to an increase in tax refunds received[15] - The net cash flow from financing activities for the first nine months of 2025 was CNY 65,124,532.18, a significant improvement from a negative CNY 86,231,705.38 in the same period of 2024, reflecting a 175.52% increase in financing amounts[15] - Cash inflow from operating activities totaled CNY 2,377,135,327.97, compared to CNY 2,091,107,096.82 last year[30] - Cash outflow from investing activities was CNY 2,151,027,791.33, an increase from CNY 1,837,031,258.79 in the previous period[31] - The ending balance of cash and cash equivalents was CNY 230,363,137.10, compared to CNY 204,621,924.91 in the previous period[32] - Cash received from the recovery of investments was CNY 2,077,480,910.54, up from CNY 1,752,784,654.85[31] - The company received CNY 598,307,693.84 in cash from borrowings, an increase from CNY 375,284,523.81 last year[31] Assets and Liabilities - The total assets at the end of Q3 2025 were ¥2,195,619,366.74, a decrease of 2.86% from the end of the previous year[7] - Total assets decreased to ¥2,195,619,366.74 from ¥2,260,189,759.75, a decline of about 2.9%[25] - Total liabilities decreased to ¥995,145,039.43 from ¥1,205,549,506.95, a reduction of approximately 17.4%[24] - Accounts receivable decreased to ¥463,905,177.21 from ¥624,235,897.40, a reduction of approximately 25.7%[23] - The company reported a decrease in inventory from ¥177,973,538.26 to ¥156,119,067.69, a decline of about 12.3%[23] Strategic Initiatives - The company has been focusing on innovation and expanding its market presence, particularly in the trendy toy sector, to enhance sales and profitability[12] - The company has established a new subsidiary in Indonesia with a registered capital of USD 1 million to better respond to market demands and policy changes[19] - The company has established a subsidiary in the Netherlands with a registered capital of €86,000 in September 2025 as part of its globalization strategy[19] - The company plans to expand its market presence and invest in new technologies, although specific details were not provided in the call[26] Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 55,411, with the top ten shareholders holding significant stakes, including Wang Liping with 23.02%[16] - Wang Liping, the chairman, holds 122,987,603 shares, of which 27,000,000 are pledged[16] Changes in Governance - The company has revised its articles of association and dissolved the supervisory board as of September 2025, transferring its responsibilities to the audit committee of the board[20] Financial Ratios and Margins - The gross profit margin for the main business in Q3 2025 increased by 1.86 percentage points compared to the same period last year[12] - Research and development expenses rose to ¥18,404,073.54 from ¥14,447,316.43, indicating a year-over-year increase of 27.5%[26] - The company reported a significant increase in financial income, with a decrease in financial expenses by 121.55% year-on-year[14] - Total operating costs amounted to ¥1,719,490,892.30, up from ¥1,652,238,445.89, reflecting a year-over-year increase of 4.0%[26] - The total comprehensive income for the period was CNY 109,526,527.56, an increase from CNY 103,372,040.98 in the previous period[28] - Basic and diluted earnings per share increased to CNY 0.2368 from CNY 0.1982[28]

证券代码: 002103 证券简称:广博股份 公告编号：2025-053 广博集团股份有限公司 关于使用闲置自有资金进行委托理财的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 广博集团股份有限公司（以下简称"公司"）于2025年4月10日 召开了公司第八届董事会第十七次会议，并于2025年5月9日召开了 2024年度股东大会，审议通过了《关于使用闲置自有资金进行委托理 财的议案》，公司（包括全资子公司及控股子公司，下同）在不影响 正常经营资金需求和确保资金安全的前提下，使用部分闲置自有资金 进行委托理财，总额度不超过50,000万元人民币，投资期限不超过12 个月，在额度及期限范围内可循环滚动使用。具体内容详见2025年4 月12日公司刊登于《证券时报》及巨潮资讯网（www.cninfo.com.cn） 的《关于使用闲置自有资金进行委托理财的公告》。 根据上述决议，现将公司理财产品购买进展情况公告如下： 一、购买理财产品概况 公司于 2025 年 10 月 23 日以人民币 1,000 万元向建信理财有限责 任公司（以下简称"建信理财"）购买了理财 ...

Market Overview - The entertainment products sector increased by 0.8% on October 23, with Zhujiang Piano leading the gains [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Top Performers - Zhujiang Piano (002678) closed at 6.19, up 9.95% with a trading volume of 721,500 shares and a transaction value of 443 million [1] - Sanbai Shuo (001300) closed at 15.59, up 3.66% with a trading volume of 79,300 shares and a transaction value of 124 million [1] - Zhejiang Zhengte (001238) closed at 50.51, up 2.98% with a trading volume of 46,626 shares and a transaction value of 33.21 million [1] Underperformers - Qunxing Toys (002575) closed at 6.36, down 3.49% with a trading volume of 450,700 shares and a transaction value of 288 million [2] - Gao Le Co. (002348) closed at 4.15, down 3.04% with a trading volume of 358,800 shares and a transaction value of 149 million [2] - Tianyuan Pet (301335) closed at 30.30, down 1.46% with a trading volume of 22,900 shares and a transaction value of 69.39 million [2] Capital Flow - The entertainment products sector experienced a net outflow of 93.73 million from institutional investors, while retail investors saw a net inflow of 70.65 million [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors are actively buying [2] Individual Stock Capital Flow - Source Pet (001222) had a net inflow of 18.69 million from institutional investors, but a net outflow of 9.57 million from speculative funds [3] - Guangbo Co. (002103) saw a net inflow of 18.66 million from institutional investors, but a significant net outflow of 19.70 million from retail investors [3] - Zhejiang Zhengte (001238) had a net inflow of 1.46 million from institutional investors, while speculative funds and retail investors experienced net outflows [3]

Core Insights - Company showcased its new food and play series at the recently concluded 113th National Sugar and Alcohol Products Trade Fair, aiming to enhance the consumption experience for Generation Z through immersive food and play scenarios [1][2] - The company is committed to developing its IP derivative business as a core strategy, focusing on product research and design to create high-quality, aesthetically pleasing, and high-value-added IP derivative products [1] - In the context of the growing IP co-branding economy, the company is refining its existing business segments while actively seizing opportunities in the ACGN (Anime, Comic, Game, Novel) sector, which has expanded its cultural reach [1][2] Company Strategy - The company has numerous popular IP authorizations, with its trendy toy products gaining significant attention at the trade fair [2] - The collaboration with "Detective Conan" in the food and play series marks the company's entry into the billion-dollar cultural snack market, emphasizing a "delicious and fun" sales model as a key aspect of its diversification strategy [2] - The company recognizes that while no single food toy can lead trends indefinitely, there will always be trend-setting food toys, highlighting the importance of IP acquisition, operational capabilities, and creative content empowerment in the current market [2]

Core Viewpoint - Guangbo Group Co., Ltd. has shown a mixed performance in stock price and financial metrics, with a slight increase in stock price recently but a decline over the past 20 and 60 days, indicating potential volatility in investor sentiment [1][2]. Financial Performance - As of June 30, 2025, Guangbo achieved a revenue of 1.171 billion yuan, representing a year-on-year growth of 2.38%, while the net profit attributable to shareholders was 76.1341 million yuan, up 4.22% year-on-year [2]. - The company has not distributed any dividends in the past three years, with a total payout of 309 million yuan since its A-share listing [3]. Stock Market Activity - On October 23, Guangbo's stock price rose by 2.05% to 9.48 yuan per share, with a trading volume of 40.7884 million yuan and a turnover rate of 1.14%, leading to a total market capitalization of 5.065 billion yuan [1]. - The stock has seen a net inflow of 3.9157 million yuan from main funds, with significant buying activity from large orders [1]. Shareholder Structure - As of June 30, 2025, the number of shareholders increased to 61,100, up by 8.99%, while the average circulating shares per person decreased by 7.48% to 6,220 shares [2]. - New institutional investors have entered the top ten shareholders, while some previous investors have exited [3].

Core Viewpoint - The company is currently focusing on the development of IP trendy toys, aiming to enhance product offerings and increase market share to provide stable value returns to investors [1] Group 1 - The company's core strategy is centered around the IP trendy toy business [1] - The company is concentrating its efforts on creating blockbuster products and improving market share [1] - The company does not consider venture capital-related fields as its core business direction at this stage [1] Group 2 - The company commits to timely information disclosure in accordance with legal regulations if there are significant developments in new business areas in the future [1]

Report Summary 1. Report Industry Investment Rating - Not provided in the document 2. Core Viewpoint of the Report - Guangbo Co., Ltd. has achieved business transformation and continuous development from stationery to cultural and creative products, and then to trendy toys, creating new performance growth points [25] 3. Summary by Relevant Catalogs 3.1. Research Basic Information - Research object: Guangbo Co., Ltd. [17] - Industry: Household light industry [17] - Reception time: October 21, 2025 [17] - Company reception staff: Jiang Shuying, the board secretary and deputy general manager, and Wang Xiuna, the securities affairs representative [17] 3.2. Detailed Research Institutions - Reception object type: Securities company [20] - Institution: Southwest Securities [20] - Relevant personnel: Gou Yurui, Cai Xin, Shen Qi [20] 3.3. Research Institution Proportion - Not provided in the document 3.4. Main Content Information - **Company product exhibition**: The company introduced its products in the company showroom [22] - **IP matrix construction**: In the cultural and creative field, the company has launched sub - brands such as "kinbor", "fizz 飞兹", "papiest 派乐时刻", and strengthened IP resource introduction and cooperation, achieving a preliminary transformation from a traditional stationery manufacturer to a cultural and creative enterprise [23] - **Entry into the trendy toy field**: The company has accelerated the incubation of trendy toy categories, built an extreme single - product matrix, and implemented a strategy of coordinated development of head IPs and long - tail IPs to promote the development of trendy toy business [24] - **Exhibition products**: The company's trendy toy brand product matrix includes various categories. The exhibits at the CTE China Toy Fair & Trendy Toy Fair include co - branded products of many IPs, and the "Detective Conan M28: One - Eyed Remnant Image" food toy series was premiered [25] - **Overseas business**: The company is pushing forward overseas layout, targeting the Southeast Asian market, and promoting the large - scale export of products. It currently has production bases in Vietnam, Cambodia, and Malaysia and will expand the Vietnam production base [26]