Group 1 - The 2025 National Supply Chain Innovation Exhibition was held in Xiamen from September 14 to 16, focusing on smart logistics, green supply chains, and big data applications, showcasing the latest advancements in supply chain innovation in China [1] - The exhibition featured the "2025 Artificial Intelligence Application Competition" national finals, aimed at promoting the deep integration of AI technology with procurement and supply chains, serving as a strategic practice window for the State-owned Assets Supervision and Administration Commission's "AI+ Special Action" [1][3] - A total of 146 projects participated in the competition, with 37 innovative achievements selected across six core areas, including AI-driven supply chain decision optimization and intelligent risk control [3] Group 2 - The awarded projects focused on the practical application and industrial value of AI in core procurement and supply chain scenarios, with QiXin Group's AI project winning the bronze award for its insights into digital procurement pain points [4] - QiXin Group's project achieved breakthroughs in five key procurement stages, enhancing brand procurement accuracy by 30% and improving product listing efficiency by 80% through AI-driven automation [6] - The QiXin Zhipan AI model, launched in February, has implemented nearly 70 business scenarios, optimizing procurement processes and reducing costs for over 200 major clients, including more than 60 central enterprises [8]

Market Overview - The entertainment products sector increased by 0.09% on September 17, with Helen Piano leading the gains [1] - The Shanghai Composite Index closed at 3876.34, up 0.37%, while the Shenzhen Component Index closed at 13215.46, up 1.16% [1] Top Performers - Helen Piano (300329) closed at 14.75, up 6.88% with a trading volume of 259,300 shares and a turnover of 381 million yuan [1] - Chuangyuan Co. (300703) closed at 65.39, up 4.06% with a trading volume of 165,400 shares and a turnover of 592 million yuan [1] - Jinling Sports (300651) closed at 26.15, up 2.39% with a trading volume of 263,100 shares and a turnover of 704 million yuan [1] Underperformers - Zhejiang Zhengte (001238) closed at 49.15, down 3.95% with a trading volume of 10,700 shares and a turnover of 53.7 million yuan [2] - Source Fly Pet (001222) closed at 25.01, down 2.53% with a trading volume of 38,900 shares and a turnover of 98.5 million yuan [2] - Gaole Co. (002348) closed at 4.01, down 2.43% with a trading volume of 337,700 shares and a turnover of 137 million yuan [2] Fund Flow Analysis - The entertainment products sector experienced a net outflow of 8.27 million yuan from institutional investors, while retail investors saw a net inflow of 32.31 million yuan [2] - The main stocks with significant fund flow include: - Guangbo Co. (002103) with a net outflow of 37.98 million yuan from institutional investors [3] - Mingyue Optical (301101) with a net inflow of 35.25 million yuan from institutional investors [3] - Chuangyuan Co. (300703) with a net inflow of 15.90 million yuan from institutional investors [3]

Group 1: Company Performance - The company achieved a revenue of 4.773 billion CNY and a net profit of 87 million CNY for the first half of 2025 [2] - The digital operation platform has developed strong competitive advantages in multi-scenario digital procurement services [2] - The company launched the Qixin Zhipan AI model in early 2025, covering various digital procurement processes [2][11] Group 2: Industry Trends - Digital procurement is becoming the main form of public resource transactions, supported by government policies [3][4] - The penetration rate and growth of digital procurement are continuously increasing, leading to significant improvements in procurement efficiency [4] Group 3: Client Focus - The company targets high-quality clients such as central enterprises, financial institutions, and Fortune 500 companies [5] - Key clients include major players in energy, finance, aerospace, and telecommunications sectors [5] Group 4: Own Brand Strategy - The self-owned brand is a cornerstone of the company's long-term development, focusing on market segmentation and collaboration with quality IPs [6][9] - The company aims to enhance user experience and optimize product and profit structures through its self-owned brand products [6][9] Group 5: Profitability Improvement - The company plans to improve gross margins by increasing the sales proportion of self-owned brand products and optimizing supply chain management [7] - Measures include enhancing the efficiency of digital platforms and AI models to boost order acquisition rates [7] Group 6: MRO Market Insights - The focus on MRO procurement is increasing, with opportunities for larger centralized procurement projects [8][13] - The company primarily deals with general MRO materials, with plans to explore specialized equipment in the future [8][13] Group 7: Future Investments and Shareholder Returns - The company plans to distribute a cash dividend of 49.82 million CNY for the 2024 fiscal year and again in the first half of 2025 [15] - Future investments will focus on core business and industry chain opportunities, with a cautious decision-making approach [16] Group 8: IP Strategy in Cultural Products - The company has established partnerships with various IPs to enhance brand value and appeal to younger consumers [14][17] - Future plans include continuous investment in IP cultural products to create new growth points for the self-owned brand business [17]

国浩律师（深圳）事务所 法律意见书 深圳市深南大道 6008 号特区报业大厦 42、41、31DE、2401、2403、2405 层邮编：518034 电话/Tel:(+86)(755)8351 5666 传真/Fax:(+86)(755)8351 5333 网址:http://www.grandall.com.cn 关于 深圳齐心集团股份有限公司 2025 年员工持股计划（草案） 之 二〇二五年九月 国浩律师（深圳）事务所 法律意见书 国浩律师（深圳）事务所 关于 深圳齐心集团股份有限公司 2025 年员工持股计划（草案） 之 法律意见书 GLG/SZ/A1764/FY/2025-1159 致：深圳齐心集团股份有限公司 本法律意见书仅供公司为本次员工持股计划之目的使用，不得用作任何 其他目的。本所律师同意将本法律意见书作为公司本次员工持股计划所必备 的法律文件，随同其他材料一起上报深圳证券交易所并予以公告；同意公司 按照深圳证券交易所的要求引用本法律意见书，但公司做引用或披露时应当 全面准确，不得导致对本法律意见书的理解产生错误和偏差。 国浩律师（深圳）事务所 法律意见书 法律意见书声明事项 为出具本法律意 ...

Market Overview - The Shanghai Composite Index closed at 3819.32 points, with a gain of 0.32%, and the total trading volume of A-shares reached 1,641.14 billion yuan [1] - As of the current date, 29 A-shares have surpassed their annual moving average, indicating positive market sentiment [1] Notable Stocks - The stocks with the highest deviation rates from their annual moving average include: - Luopuskin (002333) with a deviation rate of 8.13% and a daily increase of 9.94% [1] - ST Huaxi (002630) with a deviation rate of 4.11% and a daily increase of 4.88% [1] - Wutong Holdings (300292) with a deviation rate of 3.67% and a daily increase of 5.35% [1] - Other stocks that have just crossed their annual moving average with lower deviation rates include: - Jiecheng Co. (300182) with a deviation rate of 0.04% and a daily increase of 1.60% [2] - Ganyue Expressway (600269) with a deviation rate of 0.05% and a daily increase of 0.40% [2] - Guangsha Huaneng (873703) with a deviation rate of 0.06% and a daily increase of 0.96% [2] Trading Activity - The trading turnover rate for notable stocks shows significant activity, with Luopuskin (002333) having a turnover rate of 3.79% and ST Huaxi (002630) at 6.77% [1] - The overall trading environment reflects a mix of high and low turnover rates among stocks that have recently crossed their annual moving averages [1][2]

Investment Rating - The investment rating for the company is "Accumulate" and maintained [9]. Core Views - The company reported total revenue of 4.773 billion yuan and a net profit attributable to shareholders of 87 million yuan for the first half of 2025, reflecting a year-on-year decline of 4% and 8% respectively. In Q2 2025, total revenue was 2.561 billion yuan, with a net profit of 39 million yuan, showing a year-on-year decrease of 9% and 15% respectively [2][6]. Summary by Sections Financial Performance - In H1 2025, the company's B2B business revenue was 4.756 billion yuan, down 4% year-on-year, accounting for 99.64% of total revenue. The gross margin was 9.04%, a decrease of 0.6 percentage points year-on-year, with a net profit of 85 million yuan, down 41% year-on-year [11]. - The company's Q2 performance was impacted by a slowdown in procurement from major clients, leading to a decline in revenue and profit margins [11]. - The SAAS business showed signs of recovery, with revenue of 17 million yuan in H1 2025, down 37% year-on-year, but achieving a gross margin of 24.58%, an increase of 15.3 percentage points year-on-year [11]. Business Segments - The B2B business is focusing on core clients, with over 60% of revenue coming from 100 central enterprises. The company is leveraging AI to enhance efficiency and reduce costs in its procurement services [11]. - The new brand stationery business is expected to contribute positively, with recent collaborations with quality IPs leading to new product launches [11]. Future Outlook - The company anticipates a gradual recovery in revenue and profitability, with projected net profits of 210 million yuan, 250 million yuan, and 310 million yuan for 2025, 2026, and 2027 respectively, corresponding to PE ratios of 24, 20, and 16 [11].

自有品牌：深耕IP合作，提升用户体验 自有品牌是公司中长期规划的重要部分。公司针对办公、文创消费需求细分市场，加强与优质IP合作， 研发功能型文具。齐心文创秉持"深耕中国IP，讲好中国故事"理念，与更多国内新IP合作，打造符合年 轻人审美的文创产品。 9月8日，齐心集团接待了来自时代伯乐的陈骅、胡琦伟两名代表，就公司业务布局、自有品牌发展、数 字化运营等多个关键领域进行了深入交流。 投资者关系活动关键信息 本次投资者关系活动类别为特定对象调研，于2025年9月8日15:50 - 16:50在公司会议室以现场交流的形 式展开。上市公司接待人员包括副总经理、董事会秘书王占君，以及证券事务代表罗江龙。 业务布局：聚焦优质大客户，拓展多元业务 齐心集团主营业务为B2B办公物资集采，目前已服务超60家央企，占当前100家央企的多数。基于客户 重叠度，公司强化MRO工业品、员工福利等业务能力，拓展营销物料等高附加值业务，打造综合物资 集采服务平台，助力政企客户降本增效。 互动问答：多维度规划，推动持续发展销售渠道：通过加强全渠道产品价值链管理和推广，提升产品触 达终端客户能力。IP战略规划：持续投入资源，推动IP文创成为 ...

深圳齐心集团股份有限公司 投资者关系活动记录表 编号：2025-007 投资者关系活动类别 特定对象调研 □分析师会议 □媒体采访 业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 （ ） 参与单位名称及人员姓名 时代伯乐陈骅、胡琦伟 时间 2025 年 9 月 8 日 15:50-16:50 地点 公司会议室 交流形式 现场交流 上市公司接待人员姓名 副总经理、董事会秘书王占君，证券事务代表罗江龙 交流内容及具体问答记录 一、参观公司展厅 二、公司业务介绍 证券代码：002301 证券简称：齐心集团 答：公司较早布局 IP 文创领域，通过与各类 IP 伙伴进行联名合作，将优质产品作为载 体，实现 IP 文创与数字化营销的创新融合，为消费者提供具有品牌感、时尚感且符合年轻 人喜好的产品。未来，公司将按照既定规划持续投入资源，推动 IP 文创成为自有品牌业务 的重要补充，并打造新的增长点。 3.公司数字化运营平台是否持续进行投入？ 公司主营业务为 B2B 办公物资集采业务，持续聚焦央企、央管金融机构、政府、世界 500 强等优质大客户，其中当前 100 家央企中，已服务超 60 家。基于核心业务场景的客 ...

Group 1 - The core point of the article is that Qixin Group announced the approval of the "2025 Employee Stock Ownership Plan (Draft)" and several other proposals during the third meeting of its ninth board of directors [2] Group 2 - The announcement was made on the evening of September 5, indicating the company's ongoing efforts to enhance employee engagement and investment in the company [2] - The approval of the employee stock ownership plan suggests a strategic move to align employee interests with company performance [2] - The details of the plan and its implications for the company's future performance were not disclosed in the announcement [2]

Group 1 - The core point of the article is that Qixin Group announced a board meeting to discuss the employee stock ownership plan for 2025, indicating a strategic move towards employee engagement and investment [1] - For the first half of 2025, Qixin Group's revenue composition shows that B2B accounts for 99.64%, while software products and services account for only 0.36%, highlighting the company's strong focus on B2B operations [1] - As of the report, Qixin Group has a market capitalization of 5 billion yuan, reflecting its current valuation in the market [1] Group 2 - The article also discusses the challenges faced by Haidilao, noting that the survival rate of its sub-brands is less than 50%, which raises concerns about the sustainability of its diversification strategy [1]