Group 1 - The 21st China (Shenzhen) International Cultural Industries Fair (CICIF) was held from May 22 to 26, showcasing the theme "Innovation Leads the Trend, Creativity Lights Up Life" [1] - The fair is recognized as China's only national-level, international, and comprehensive cultural industry expo, certified by UFI, aimed at promoting Chinese cultural products globally [1] - A total of 305 overseas exhibitors from 65 countries and regions participated, providing immersive cultural experiences through innovative expressions [1] Group 2 - Pingshan District showcased its cultural innovation achievements, featuring popular IP cultural products from Qixin Group, including the Compera ergonomic pencil and V'mo fingerprint lock children's thermos cup [2] - The Compera pencil is designed for children's hand sizes, offering two designs to accommodate different grips, enhancing comfort and usability [2] - The V'mo thermos cup emphasizes children's drinking safety and health, receiving positive feedback at the fair and being nominated for a design award [2] Group 3 - The development of China's cultural industry is becoming increasingly diverse, with cultural brands and creative products enhancing urban cultural soft power [3] - The fair serves as a super trade platform for cultural openness and international expansion, helping exhibitors enhance their global competitiveness and promote Chinese culture [3]

3、为保护中小投资者利益，本次股东大会部分议案采用中小投资者单独计票。 2024 年年度股东大会决议公告 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。 特别提示 1、本次股东大会无增加、变更、否决提案的情况。 2、本次股东大会以现场投票、网络投票相结合的方式召开。 证券代码：002301 证券简称：齐心集团 公告编号：2025-015 深圳齐心集团股份有限公司 现场会议日期、时间：2025年5月16日14:30开始。 网络投票日期、时间：2025年5月16日。其中，通过深圳证券交易所交易系统进行网络投 票的具体时间为：2025年5月16日9:15-9:25，9:30－11:30和13:00－15:00；通过深圳证券交 易所互联网投票系统投票的具体时间为：2025年5月16日9:15－15:00。 2、召开地点 深圳市坪山区锦绣中路 18 号齐心科技园行政楼公司八楼会议室。 3、召开方式 本次股东大会采取现场投票、网络投票相结合的方式召开。 4、召集人 召集人为公司第八届董事会。 4、本次会议部分议案关联股东回避表决。 一、会议召开情况 1、召开时间 5、会议 ...

国浩律师（深圳）事务所 关于深圳齐心集团股份有限公司 2024 年年度股东大会之 法律意见书 GLG/SZ/A1764/FY/2025-563 致：深圳齐心集团股份有限公司 国浩律师（深圳）事务所（以下简称"本所"）接受深圳齐心集团股份 有限公司（以下简称"公司"）的委托，指派律师出席了公司 2024 年年度 股东大会（以下简称"本次股东大会"）。现根据《中华人民共和国公司法》 《中华人民共和国证券法》《上市公司股东大会规则》《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》等法律、行政法规、 规范性文件及《深圳齐心集团股份有限公司章程》（以下简称"《公司章程》"） 的规定，对本次股东大会的召集和召开程序、召集人和出席人员资格、会议 表决程序和表决结果等事宜出具法律意见。 深圳市深南大道 6008 号特区报业大厦 24/31/41/42 层 邮编：518034 24/31/41/42F, Tequbaoye Building, 6008 Shennan Avenue, Shenzhen, Guangdong Province 518034, China 电话/Tel: (+86)(75 ...

Investment Rating - The investment rating for the light industry manufacturing sector is "Positive" [2] Core Insights - Overall consumer demand remains weak, but there are opportunities in specific segments where product and channel transformations can enhance market share, and brand recognition or performance recovery is expected [8] - The pet food segment shows high potential with strong consumer education barriers, brand loyalty, and significant single product effects [8] - The baby care market is fragmented, with strong brands rapidly increasing market share through cost-effectiveness and popular products, heavily relying on online sales [8] - Domestic second-tier brands in sanitary napkins and toothpaste are gaining market share, utilizing platforms like Douyin for marketing and channel empowerment [8] - The trend of innovative products and brand rejuvenation in the trendy toy sector is accelerating, with companies like Pop Mart and Blokus experiencing rapid revenue growth [8] Summary by Sections 1) Product & Channel Transformation - Baiya Co. reported a significant increase in revenue and is expected to see a gradual improvement in its profitability model [9] - Dengkang Oral Care's revenue growth exceeded expectations, with a sustainable improvement in profitability [9] - Runben Co. experienced strong revenue growth driven by new product launches, particularly in the sunscreen category [9] - Zhongchong Co. is successfully transforming its brand, with expectations of over 40% growth in its flagship product [9] - Companies in the trendy toy sector are well-positioned to benefit from consumer trends and new product launches [9] 2) High Competitive Barriers - Guibao Pet's revenue and profit growth exceeded expectations, driven by strong brand performance and successful high-end product launches [10] - The overall industry remains vibrant, with companies optimizing their product and channel structures [10] 3) Performance Recovery Expected - Chenguang Co. has underperformed due to a weak consumer environment, but recovery is anticipated if market conditions improve [10] - The company is focusing on enhancing its IP product strategy, which is expected to contribute to new growth points [10]

Investment Rating - The investment rating for the light industry manufacturing sector is "Positive" [2] Core Insights - Overall consumer demand remains weak, but there are opportunities in specific segments where product and channel transformations can enhance market share, and brand recognition or performance recovery is expected [2][8] - The pet food sector shows high potential with strong consumer education barriers, brand loyalty, and significant single product effects [2][8] - The baby care market is fragmented, with leading brands rapidly increasing market share through cost-effectiveness and popular products, heavily relying on online sales [2][8] - Domestic second-tier brands in sanitary napkins and toothpaste are gaining market share, utilizing platforms like Douyin for traffic generation and empowering other platforms and offline markets [2][8] - The trend of innovative products and brand rejuvenation in the trendy toy sector is accelerating, with companies like Pop Mart and Blokus experiencing rapid revenue growth [2][8] Summary by Sections 1) Product & Channel Transformation - Baiya Co. reported a significant revenue increase of 39% in Q4 2024 and 30% in Q1 2025, with a strong performance in e-commerce and a positive outlook for its probiotic series [3][9] - Dengkang Oral Care also showed robust growth, with a 39% increase in Q4 2024 and 19% in Q1 2025, benefiting from an optimized product structure and strong online sales [3][9] - Runben Co. experienced a 34% revenue increase in Q4 2024 and 44% in Q1 2025, driven by the rapid launch of new products [4][9] - The trendy toy sector, represented by companies like Blokus and Pop Mart, saw revenue growth of 156% and 278% respectively, indicating a strong market presence [4][9] 2) High Competitive Barriers - Guibao Pet's revenue and profit exceeded expectations, driven by strong growth in its proprietary brand and successful high-end product launches [10] - The overall industry remains buoyant, with companies optimizing product and channel structures, leading to sustained revenue growth and improved profitability [10] 3) Performance Recovery Expected - Chenguang Co. reported lower-than-expected performance due to a weak consumer environment, but recovery is anticipated if market conditions improve [10] - The company is focusing on enhancing its IP product strategy, which is expected to contribute to new growth points [10]

Core Viewpoint - Qixin Group showcased its development status and future plans during the 2024 online performance briefing, highlighting steady sales growth and robust development prospects in a complex market environment [1] Performance Review - In 2024, Qixin Group achieved operating revenue of 11.397 billion yuan, with B2B office procurement business revenue reaching 11.352 billion yuan [2] - The company has established itself as a leader in the domestic B2B office procurement sector, serving over 80,000 quality clients and more than 200 major clients, including over 60 central enterprises [2] Core Competitive Advantages - Qixin Group's digital upgrade is a key highlight, with over 50 digital application scenarios launched, enhancing operational efficiency and cost reduction [4] - AI technology has significantly improved customer service capabilities and operational efficiency, reducing manual labor and operational errors [4] Institutional Perspectives - Multiple institutions have given Qixin Group a "buy" rating, with a focus on the company's digital procurement growth and brand development strategies [5][6] - The company is expected to benefit from the increasing penetration of digital procurement in the market, with a projected growth in the B2B service market [6] Investor Interaction - During the Q&A session, the management emphasized the unique advantages in brand building and the company's deep industry experience in B2B digital procurement [7] - Qixin Group announced a cash dividend of 59.42 million yuan for 2023 and a proposed 49.82 million yuan for 2024, totaling 109.24 million yuan over two years, along with a share buyback of 9.6 million shares [7]

证券代码：002301 证券简称：齐心集团 深圳齐心集团股份有限公司 投资者关系活动记录表 编号：2025-003 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 齐心集团 2024 年度网上业绩说明会采用网络远程方式进行，面 向全体投资者 时间 2025 年 5 月 9 日 15:00-17:00 地点 深圳市坪山区锦绣中路 18 号齐心科技园公司会议室 交流形式 价值在线（https://www.ir-online.cn/）网络互动 会议通知及问题征集情况 公司已于 2025 年 4 月 29 日通过指定信息披露媒体发布《关于 召开 2024 年度网上业绩说明会的公告》。为充分尊重投资者， 提升公司与投资者的交流效率和效果，已就公司 2024 年度网上 业绩说明会提前向投资者公开征集问题，广泛听取投资者的意 见和建议。投资者可登录价值在线（网址：https://www.ir- online.cn）搜索"002301"进入"齐心集团 2024 年度网上业绩 说明会"页面进行提问，公司在信息披露允许范围内在本次 ...

Core Viewpoint - The quality supervision and inspection results for key industrial products in Beichen District, Tianjin, for 2024 show that all 65 batches of products tested, including cement, steel bars, and fertilizers, passed inspection without any non-compliant products or companies identified [3][4][5]. Group 1: Product Categories - Cement: Ordinary Portland cement from Tianjin Jinyu Zhenxing Environmental Protection Technology Co., Ltd. passed inspection [3]. - Steel Bars: Hot-rolled ribbed steel bars from Tianjin Chengtai Technology Development Co., Ltd. and Tianjin Junjian Steel Trading Co., Ltd. were among the compliant products [4][5]. - Fertilizers: Compound fertilizers from various producers, including Tianjin Rongfu Agricultural Production Materials and Hebei Kaimenzi Fertilizer Co., Ltd., were also found to be compliant [4][5]. Group 2: Inspection Results - A total of 65 batches of products were tested, and all were found to be compliant with quality standards [3][4]. - The inspection covered 10 types of products, including stationery items like correction tape and various types of pens, all of which passed the quality checks [3][4][5]. Group 3: Companies Involved - Companies such as Shanghai Morning Glory Stationery Co., Ltd. and Shenzhen Qixin Group Co., Ltd. were noted for their compliant products in the inspection results [3][4][5]. - The inspection results reflect a strong adherence to quality standards among local manufacturers in the Beichen District [3][4].

公司报告 | 年报点评报告 齐心集团（002301） 证券研究报告 深挖企业级多场景物资需求 公司发布年报及一季报 25Q1 公司营收 22 亿同增 1%，归母净利 0.5 亿同减 1%，扣非后归母净利 0.4 亿同减 1%。 2024 年营收 114 亿同增 3%，归母净利 0.6 亿同减 18%，扣非后归母净利 0.6 亿同减 21%。 公司秉持数字化转型升级和服务客户的宗旨，聚焦 B2B 行政办公物资、MRO 工业品、营销物料和员工福利等场景，深入应用大模型和 AIGC 技术于数据 治理到售后服务的全生命周期管理中，不断完善数字化系统架构和功能。 B2B 办公物资集采聚焦核心客户、聚焦核心场景 公司将聚焦央企、央管金融机构、政府、世界 500 强等优质大客户，持续 挖掘民营 500 强集采机会，依托高效协同的齐心数字化运营平台和覆盖全 国的营销网络和商品交付体系，围绕客户集中化、多元化业务需求，积极 构建高附加值行政办公运维物资解决方案，重点发展 MRO 解决方案，配 套发展数字化工会福利解决方案与营销物料解决方案，为客户提供全链路、 数字化、专业化的高效集采解决方案。 B2B 电商集采将持续构建投标入 ...

公司报告 | 年报点评报告 齐心集团（002301） 证券研究报告 深挖企业级多场景物资需求 公司发布年报及一季报 25Q1 公司营收 22 亿同增 1%，归母净利 0.5 亿同减 1%，扣非后归母净利 0.4 亿同减 1%。 2024 年营收 114 亿同增 3%，归母净利 0.6 亿同减 18%，扣非后归母净利 0.6 亿同减 21%。 公司秉持数字化转型升级和服务客户的宗旨，聚焦 B2B 行政办公物资、MRO 工业品、营销物料和员工福利等场景，深入应用大模型和 AIGC 技术于数据 治理到售后服务的全生命周期管理中，不断完善数字化系统架构和功能。 B2B 办公物资集采聚焦核心客户、聚焦核心场景 公司当前净利率仍处于较低水平，且考虑到行业竞争形势可能加剧，我们 调低盈利预测，预计公司 25-27 年归母净利分别为 1.0/1.2/1.3 亿元（25-26 年前值为 2.8/3.5 亿元）；EPS 分别为 0.14/0.16/0.18 元。 风险提示：行业竞争加剧风险；B2B 客户流失风险；人才缺失风险等。 | 财务数据和估值 | 2023 | 2024 | 2025E | 2026E | 2027E | ...