根据《公司法》《深圳证券交易所股票上市规则》《深圳证券交易所上市公司自律监管指引 第 1 号——主板上市公司规范运作》《公司章程》及《独立董事制度》等有关规定，奥飞娱乐 股份有限公司（以下简称"公司"）于 2024 年 12 月 3 日以现场会议方式召开第六届董事会独 立董事专门会议 2024 年第五次会议。本次会议应到独立董事 3 人，实到独立董事 3 人，全体 独立董事共同推举刘娥平女士主持本次会议。 与会独立董事认真审核相关材料，基于独立判断的立场，发表审核意见如下： 一、关于对《申请金融机构授信额度及为全资子公司、孙公司提供担保的议案》的审核意 见 经核查，公司本次向金融机构申请总计不超过人民币 12 亿元或等值外币的授信额度，是 为了保证流动资金周转及生产经营的正常运作，满足公司业务发展的需要。本次公司向相关金 融机构申请授信额度，并为相关全资子公司、孙公司提供担保，有利于提高公司经济效益，符 合全体股东及公司整体利益；本次被担保对象不属于失信被执行人，经营状况良好，风险可控； 不存在损害公司及全体股东，特别是中小股东利益的情形。因此，同意公司向金融机构申请总 计不超过人民币（或等值外币）12 亿元 ...

证券时报e公司讯，奥飞娱乐(002292)11月26日晚间发布股票交易异动公告称，近期，"谷子经济"和"AI 应用"等相关事项备受市场关注。 公司重点围绕"年轻向"战略发展方向，聚焦资源布局泛人群，积极推进年轻向相关业务布局和落地，例 如尝试打造年轻向内容与品牌，加快拓展潮玩、卡牌、谷子周边等品类布局。 此外，公司积极推动"IP+AI"产业化落地。 上述相关业务目前仍处于早期发展阶段，存在一定的不确定性。 ...

重要提示： 1、经核查，公司、控股股东、实际控制人及其一致行动人不存在关于本公司的应披露而未 披露的重大事项，也不存在处于筹划阶段的重大事项； 2、公司相关主营业务经营情况正常，不存在内外部经营环境发生重大变化的情形； 3、鉴于公司股价近期波动幅度较大，敬请广大投资者注意二级市场交易风险，理性决策， 审慎投资。 证券代码：002292 证券简称：奥飞娱乐 公告编号：2024-044 一、股票交易异常波动的情况介绍 奥飞娱乐股份有限公司 股票交易异常波动公告 本公司及董事会全体人员保证信息披露的内容真实、准确和完整，没有虚假记载、误 导性陈述或者重大遗漏。 1、公司前期披露的信息不存在需要更正、补充之处。 2、公司未发现近期公共传媒报道了可能或已经对公司股票交易价格产生较大影响的未公开 重大信息。 近期，"谷子经济"和"AI 应用"等相关事项备受市场关注。如公司《2023 年年度报告》等 定期报告相关章节所述，公司重点围绕"年轻向"战略发展方向，聚焦资源布局泛人群，积极推 进年轻向相关业务布局和落地。例如尝试打造年轻向内容与品牌，加快拓展潮玩、卡牌、谷子周 边等品类布局，旨在满足年轻消费者的多样化需求。 此外， ...

Investment Rating - Buy rating (initiated coverage) [2] Core Views - Revenue remains stable with improved gross margin [2][3] - Focus on IP full industry chain development and AI-empowered product innovation [4][5] - Expected revenue for 2024-2026: 2.871 billion, 3.156 billion, and 3.605 billion yuan, respectively [6] - Expected net profit attributable to parent company for 2024-2026: 105 million, 176 million, and 256 million yuan, respectively [6] - PE ratios for 2024-2026: 106.94X, 63.96X, and 43.90X, respectively [6] Financial Performance - 2024Q3 revenue: 706 million yuan (YoY -1.91%, QoQ +7.81%) [2][3] - 2024Q3 net profit attributable to parent company: 16 million yuan (YoY -22.55%, QoQ +260.38%) [2][3] - 2024Q3 gross margin: 42.76% (YoY +5.97pct) [3] - 2024Q1-Q3 revenue: 2.011 billion yuan (YoY -0.45%) [3] - 2024Q1-Q3 net profit attributable to parent company: 71 million yuan (YoY -12.50%) [3] IP and AI Strategy - Full industry chain development of IP, covering all age groups and expanding new categories [4][5] - Key IPs include "Super Wings," "Pleasant Goat and Big Big Wolf," "Balala the Fairies," and "Armor Hero" [4] - AI-empowered products launched, including AI Super Wings blind box and AI smart products [5] - Future focus on AI+education and smart toy product architecture [5] Market Performance - Current price: 7.32 yuan [3] - 52-week price range: 5.03-11.41 yuan [3] - Total market capitalization: 10.824 billion yuan [3] - Free-float market capitalization: 7.451 billion yuan [3] - Average daily trading volume: 517.02 million yuan [1] Profitability and Valuation - 2024E ROE: 3% [7][9] - 2024E gross margin: 42% [9] - 2024E P/E: 106.94X [6][7] - 2024E P/B: 3.27X [7][9] - 2024E P/S: 3.91X [7][9]

Key Points Summary Industry or Company Involved - **Company**: A toy and entertainment company with a focus on IP-based products and services. Core Points and Arguments - **Revenue**: The company reported approximately 2 billion RMB in revenue for the first three quarters, which is in line with the previous year. - **Business Segments**: The company's main business segments include film, baby products, and toy sales. - **Growth**: The company's film segment experienced a slight increase of 3% year-on-year, while the toy sales segment faced some challenges due to project delays and product mix issues. - **Profitability**: The company achieved a profit of approximately 71 million RMB, with a non-operating profit margin that increased slightly year-on-year. - **Cash Flow**: The company's cash flow has been improving rapidly over the past few years. - **Strategic Changes**: The company has implemented a young-oriented strategy, focusing on IP development and industry expansion. - **IP Development**: The company has established an IP committee and is actively developing new products based on its own IPs and external IPs. - **Product Expansion**: The company is expanding its product categories, including card games, soft toys, and hard toys. - **Overseas Expansion**: The company's overseas business, particularly in North America, has been growing steadily and is expected to expand to other regions. - **IP + AI**: The company is exploring opportunities in the IP + AI field, including online AI digital humans and offline products. Other Important Points - **Research and Development**: The company has increased its R&D investment to develop new products and expand its business. - **Marketing and Sales**: The company has increased its marketing and sales expenses to support its business expansion. - **IP Licensing**: The company is actively seeking licensing opportunities for its IPs in various industries, including entertainment, tourism, and education. - **Collaborations**: The company is exploring business collaboration opportunities with major telecommunications operators and other companies. References - [1] - [2] - [3] - [4] - [5] - [6] - [7] - [8] - [9] - [10] - [11] - [12] - [13] - [14] - [15] - [16] - [17] - [18] - [19] - [20] - [21] - [22] - [23] - [24] - [25] - [26] - [27] - [28] - [29]

证券代码：002292 证券简称：奥飞娱乐 编号：2024-003 奥飞娱乐股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | |-----------------------------|----------------------------|--------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | 投资者关系活动 | □特定对象调研 □分析师会议 | | | | 类别 | □媒体采访 □业绩说明会 | | | ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has shown a continuous improvement in gross margin, with a Q3 2024 gross margin of 42.76%, an increase of 2.78 percentage points year-on-year. This improvement is attributed to refined operational management [1][2] - Despite a slight decline in revenue and net profit in Q3 2024, the company is expected to benefit from the orderly launch of new toy products, particularly those developed in-house and through licensing agreements [1][3] - The forecast for net profit for 2024-2026 has been adjusted downwards, with expected figures of 127 million, 227 million, and 311 million yuan respectively, compared to previous estimates of 205 million, 314 million, and 411 million yuan [1] Financial Performance Summary - In Q3 2024, the company achieved revenue of 706 million yuan, a year-on-year decrease of 1.91%, and a net profit of 16.24 million yuan, down 22.55% year-on-year. The net profit excluding non-recurring items was 10.68 million yuan, a decrease of 16.31% year-on-year [1] - For the first three quarters of 2024, the company reported total revenue of 2.011 billion yuan, a slight decrease of 0.45% year-on-year, and a net profit of 71.244 million yuan, down 12.50% year-on-year. The net profit excluding non-recurring items increased by 14.34% year-on-year to 71.855 million yuan [1] - The company’s cash flow from operating activities for the first three quarters of 2024 was 176 million yuan, a significant increase of 677.91% year-on-year, primarily due to increased cash received from sales of goods and services [2] Product Development and Strategy - The company is actively enriching its product line with a dual approach of self-developed and licensed IPs. Upcoming product launches include new toys based on popular IPs such as "Armored Warrior" and "Transformers" [3] - The company plans to introduce AI-related products, including "Sleep AI Pleasant Goat" and other smart toys, which are expected to enhance its product offerings and drive revenue growth [3]

证券代码：002292 证券简称：奥飞娱乐 公告编号：2024-042 奥飞娱乐股份有限公司 第六届董事会第十三次会议决议公告 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。 详见同日刊登在巨潮资讯网（www.cninfo.com.cn）、《证券时报》、《中国证券报》、《证券 日报》、《上海证券报》的《关于对参股公司提供财务资助的进展情况及调整还款计划的公告》 （公告编号：2024-041）。公司独立董事召开专门会议并发表审核意见，详见同日刊登在巨潮 资讯网（www.cninfo.com.cn）的相关公告。 特此公告 奥飞娱乐股份有限公司 董 事 会 二〇二四年十月三十一日 奥飞娱乐股份有限公司（以下简称"公司"）第六届董事会第十三次会议于 2024 年 10 月 29 日下午 14：00 在公司会议室以现场和通讯表决方式召开，其中蔡东青、蔡晓东、苏江锋以 通讯方式参与会议。公司监事、高级管理人员列席了会议。会议通知于 2024 年 10 月 26 日以 短信或电子邮件送达。应出席会议的董事 7 人，实际出席会议的董事 7 人，会议有效表决票数 为 7 票。会 ...

公司本次调整财务资助还款相关事项是为了加快收回借款，一定程度上能够减少财务资助 的相关风险，不会对公司的日常经营产生重大影响，不存在损害公司及全体股东，特别是中小 股东权益的情况。因此，一致同意调整参股公司财务资助还款计划相关事项。 第六届董事会独立董事专门会议 2024 年第四次会议审核意见 根据《公司法》《深圳证券交易所股票上市规则》《深圳证券交易所上市公司自律监管指引 第 1 号——主板上市公司规范运作》《公司章程》及《独立董事制度》等有关规定，奥飞娱乐 股份有限公司（以下简称"公司"） 于 2024 年 10 月 29 日以现场会议方式召开第六届董事会 独立董事专门会议 2024 年第四次会议。本次会议应到独立董事 3 人，实到独立董事 3 人，全 体独立董事共同推举刘娥平女士主持本次会议。 与会独立董事认真审核相关材料，基于独立判断的立场，发表审核意见如下： 一、关于《对参股公司提供财务资助的进展情况及调整还款计划的议案》的审核意见 奥飞娱乐股份有限公司 表决结果：3 票同意，0 票反对，0 票弃权。 (本页为奥飞娱乐股份有限公司第六届董事会独立董事专门会议 2024 年第四次会议审核 意见之签字页 ...

Revenue and Profit - Revenue for Q3 2024 was ¥705,738,746.28, a decrease of 1.91% year-on-year[2] - Net profit attributable to shareholders was ¥16,239,992.99, down 22.55% compared to the same period last year[2] - Basic earnings per share decreased to ¥0.0110, a decline of 22.54% compared to the previous year[3] - Total operating revenue for Q3 2024 was CNY 2,010,746,241.73, a slight decrease of 0.6% from CNY 2,019,770,506.85 in Q3 2023[21] - Net profit for Q3 2024 was CNY 68,739,783.55, compared to CNY 76,842,616.27 in Q3 2023, reflecting a decline of 10.3%[22] - The net profit attributable to the parent company for Q3 2024 is ¥71,243,790.14, a decrease from ¥81,423,094.11 in Q3 2023, representing a decline of approximately 12.5%[23] - The total comprehensive income for Q3 2024 is ¥53,645,243.69, down from ¥126,321,769.94 in Q3 2023, indicating a decrease of about 57.5%[24] - The basic and diluted earnings per share for Q3 2024 are both ¥0.0482, compared to ¥0.0551 in Q3 2023, reflecting a decline of approximately 12.5%[24] Cash Flow - Cash flow from operating activities showed a significant increase, reaching ¥175,648,778.11, up 677.91% year-on-year[3] - Cash inflow from operating activities for Q3 2024 is ¥2,213,081,834.86, an increase from ¥2,099,278,569.41 in Q3 2023, showing a growth of about 5.4%[26] - The net cash flow from operating activities for Q3 2024 is ¥175,648,778.11, significantly higher than ¥22,579,661.33 in Q3 2023, marking an increase of approximately 678.5%[26] - The net cash flow from investing activities for Q3 2024 is -¥103,260,519.19, compared to a positive cash flow of ¥50,556,827.22 in Q3 2023, indicating a decline of approximately 304.4%[27] - The net cash flow from financing activities for Q3 2024 is -¥234,985,295.06, an improvement from -¥334,219,377.03 in Q3 2023, reflecting a decrease in cash outflow of about 29.5%[27] - The cash and cash equivalents at the end of Q3 2024 amount to ¥424,551,418.48, down from ¥462,157,000.68 at the end of Q3 2023, a decrease of approximately 8.1%[27] - The company received tax refunds of ¥52,124,161.43 in Q3 2024, compared to ¥41,459,775.11 in Q3 2023, indicating an increase of about 25.5%[26] Assets and Liabilities - Total assets at the end of Q3 2024 were ¥4,768,984,988.49, a decrease of 4.74% from the end of the previous year[3] - The total owner's equity increased to CNY 3,405,612,080.49 from CNY 3,349,307,850.86, an increase of 1.7%[19] - Current liabilities totaled CNY 1,172,023,517.69, down 20.3% from CNY 1,471,756,059.75 in Q3 2023[17] - Long-term equity investments decreased to CNY 429,864,394.56 from CNY 468,675,611.68, a decline of 8.3%[19] - The company reported a decrease in accounts payable to CNY 301,045,912.84 from CNY 405,918,382.73, a reduction of 25.7%[17] - The total cash and cash equivalents decreased from CNY 585,979,660.92 at the beginning of the period to CNY 449,623,764.94 at the end of the period, representing a decline of approximately 23.2%[15] - Accounts receivable decreased slightly from CNY 420,313,404.99 to CNY 403,894,665.49, a reduction of about 3.9%[15] - Inventory decreased from CNY 640,476,066.49 to CNY 567,413,649.65, reflecting a decrease of approximately 11.4%[15] Shareholder Information - The company’s total number of ordinary shareholders was 125,366 at the end of the reporting period[9] - The largest shareholder, Cai Dongqing, holds 34.15% of the shares, totaling 504,940,180 shares[9] - The company reported a total of 126,235,045 shares held by the largest shareholder, accounting for a significant portion of the total share capital[11] - The top 10 shareholders collectively hold a substantial amount of shares, with the largest shareholder holding 126,235,045 shares, which is 8.56% of the total share capital[12] - The company has engaged in securities lending activities, with 27,370,361 shares lent out by the major shareholder[12] Investment and Research - The company reported a 103.64% decrease in investment income, amounting to -¥13,938,675.74[7] - Research and development expenses increased to CNY 136,154,266.78, up 21.6% from CNY 111,903,424.18 in the same period last year[21] - The company recorded an investment loss of CNY 13,938,675.74, compared to a loss of CNY 6,844,811.41 in the previous year[22] - The company is exploring new strategies for market expansion and product development, although specific details were not disclosed in the current report[12] Other Comprehensive Income - The company reported a decrease in other comprehensive income attributable to the parent company, with a net amount of -¥14,089,291.96 in Q3 2024, compared to ¥50,400,923.91 in Q3 2023, reflecting a decline of approximately 127.9%[23] - Non-operating income for the period was ¥8,524,824.03, down 39.90% year-on-year[8] - The company recorded a significant increase in prepayments, which rose by 36.96% to ¥67,896,886.40[7] - The company has a total of CNY 67,896,886.40 in prepayments, which increased from CNY 49,572,923.46 at the beginning of the period[15] - The company’s total assets and liabilities will be further detailed in the upcoming financial reports, indicating ongoing financial assessments[15]