Financial Performance - The company reported a total revenue of RMB 1.2 billion for the fiscal year 2024, representing a year-over-year increase of 15%[18]. - The company has set a revenue guidance of RMB 1.5 billion for the fiscal year 2025, indicating a growth target of 25%[18]. - The company's operating revenue for 2024 was ¥315,260,385.45, representing an increase of 18.34% compared to ¥266,401,837.23 in 2023[24]. - The net profit attributable to shareholders for 2024 was -¥57,297,788.26, an improvement of 7.55% from -¥61,978,461.00 in 2023[24]. - The total revenue for 2024 reached ¥315,260,385.45, representing an 18.34% increase compared to ¥266,401,837.23 in 2023[59]. - Revenue from toy and related businesses was ¥303,211,862.54, with a year-on-year increase of 22.63%[53]. - The company reported a significant increase in revenue from the fourth quarter of 2024, reaching ¥110,023,379.80[29]. - The company achieved total revenue of ¥315,260,385.45, representing a year-on-year growth of 18.34%[52]. User Growth and Market Expansion - User data showed an increase in active users by 20% year-over-year, reaching 5 million active users by the end of 2024[18]. - Market expansion efforts have led to a 10% increase in market share in the Southeast Asian region[18]. - The company plans to expand its sales channels and develop emerging markets in Southeast Asia to optimize its international market layout[55]. - The company is considering strategic acquisitions to bolster its product offerings, with a budget of $100 million allocated for potential deals[144]. - Guangdong Gaole plans to enter two new markets in Southeast Asia by the end of 2024, aiming to increase its market share by 10% in these regions[145]. Product Development and Innovation - New product launches contributed to 30% of total revenue, with three major products introduced in the second half of 2024[18]. - The company is investing RMB 200 million in R&D for new technologies aimed at enhancing product efficiency and sustainability[18]. - The company is currently developing new products, including an NFC toy train and an LCD children's drawing board, to meet differentiated user needs[72]. - The company is focusing on technological innovation and product development, particularly in smart and interactive toys[54]. - The company is committed to continuous product innovation based on user feedback and market trends, enhancing the entertainment and educational aspects of its toys[43]. Financial Management and Governance - No cash dividends will be distributed to shareholders for the fiscal year 2024, as the company aims to reinvest profits into growth initiatives[7]. - The company aims to improve operational efficiency and shareholder value through effective governance and strategic decision-making[135]. - The company has established a value management system and is focused on improving its valuation through strategic initiatives[118]. - The company has implemented a strict management system for insider information to prevent unauthorized disclosures[126]. - The company has established four specialized committees to enhance decision-making processes: Strategic and Investment Decision Committee, Nomination Committee, Compensation and Assessment Committee, and Audit Committee[126]. Challenges and Risks - The company has identified potential risks including market volatility and supply chain disruptions, with strategies in place to mitigate these risks[6]. - The toy industry is facing significant challenges due to economic slowdown, intensified competition, and unstable market expectations, with external factors such as geopolitical conflicts and complex international trade environments impacting demand[98]. - The company is exposed to international market uncertainties, particularly due to geopolitical conflicts and complex global trade dynamics, which could affect export demand and increase costs[113]. - The company is monitoring raw material price fluctuations closely, with potential impacts on profitability due to geopolitical tensions and trade barriers affecting procurement costs[116]. Corporate Social Responsibility and Sustainability - The company is committed to corporate social responsibility, creating value for customers and opportunities for employees[174]. - Environmental protection is a key component of the company's sustainable development strategy, focusing on resource utilization and reducing emissions[179]. - The management team emphasized a commitment to sustainability, aiming for a 20% reduction in carbon footprint by 2025[147]. - The company actively participates in social responsibility initiatives, contributing to poverty alleviation and public welfare projects during the reporting period[180]. Shareholder Engagement and Meetings - The company held its first temporary shareholders' meeting in January 2024 with a participation rate of 0.0001%[129]. - The annual shareholders' meeting in May 2024 recorded a participation rate of 0.0064%[129]. - The company reported a total shareholding of 58,222,668 shares at the end of the period, with a decrease of 1,000 shares due to an operational error in stock trading[131]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to 4.3155 million yuan[148]. Employee Management and Development - The company reported a total of 634 employees at the end of the reporting period, with 545 in the parent company and 89 in major subsidiaries[158]. - The company has established a training and re-education mechanism, providing free internal training for employees, with assessment results influencing year-end performance evaluations[161]. - The company aims to attract, retain, and motivate outstanding employees through its compensation policy, which is based on economic performance and comprehensive performance assessments[160]. - The professional composition includes 389 production personnel, 58 sales personnel, 103 technical personnel, 14 financial personnel, and 70 administrative personnel[159]. Legal and Compliance Matters - The company received a non-standard audit report with an emphasis on matters related to performance compensation obligations, which are currently under litigation[189]. - The company has committed to avoiding competition with its subsidiaries and will take measures to prevent any potential conflicts in business operations[184]. - The company has implemented changes in accounting policies as per the new accounting standards effective from January 1, 2024, which did not have a significant impact on its financial position or operating results[198]. - The company has not faced any penalties for environmental violations during the reporting period[173].

Financial Performance - The company's revenue for Q1 2025 was ¥52,518,643.48, representing a 14.82% increase compared to ¥45,739,443.95 in the same period last year[5] - The net profit attributable to shareholders was -¥14,846,533.91, a decline of 13.34% from -¥13,098,935.58 year-over-year[5] - The net loss for the current period was ¥14,854,072.23, compared to a net loss of ¥13,122,777.96 in the previous period, reflecting a deterioration in performance[22] - The company reported a comprehensive loss of ¥15,023,245.08 for the current period, compared to a comprehensive loss of ¥13,052,778.05 in the previous period[23] - The basic and diluted earnings per share were both reported at -0.0157, compared to -0.0138 in the previous period, reflecting a decline in profitability[22] Cash Flow and Liquidity - The net cash flow from operating activities was -¥8,200,886.80, which is a 14.62% decrease compared to -¥7,154,925.08 in the previous year[5] - Cash flow from operating activities showed a net outflow of ¥8,200,886.80, worsening from a net outflow of ¥7,154,925.08 in the previous period[24] - Investment activities generated a net cash flow of -1,624,158.34, compared to -1,409,817.74 in the previous period, indicating an increase in cash outflow[25] - Financing activities resulted in a net cash flow of -1,326,423.75, a significant decrease from a positive net cash flow of 5,540,666.38 in the prior period[25] - Cash and cash equivalents decreased by 11,200,384.55, compared to a decrease of 3,027,718.71 in the previous period[25] - The ending balance of cash and cash equivalents was 21,207,697.82, down from 32,408,082.37 at the beginning of the period[25] - The company received 30,000,000.00 in cash from borrowings, down from 50,000,000.00 in the previous period[25] - Cash paid for debt repayment was 30,000,000.00, compared to 43,283,394.08 in the prior period, reflecting a decrease in cash outflow for debt[25] - Cash paid for dividends and interest was 987,744.99, an increase from 833,224.22 in the previous period[25] - The impact of exchange rate changes on cash and cash equivalents was -48,915.66, compared to -3,642.27 in the previous period[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥716,963,639.13, down 1.82% from ¥730,235,534.92 at the end of the previous year[5] - The equity attributable to shareholders decreased by 3.28% to ¥442,672,914.95 from ¥457,688,621.71 at the end of the previous year[5] - The total liabilities amounted to ¥274,106,692.11, a slight increase from ¥272,355,342.82 in the previous period[19] - Current liabilities increased to CNY 246,805,400.96 from CNY 244,568,880.98, reflecting an increase of about 0.91%[18] - Total non-current assets decreased to CNY 492,338,442.83 from CNY 498,954,596.83, a decline of about 1.34%[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 51,860[10] - The largest shareholder, Huadong Group Co., Ltd., holds 14.00% of the shares, with 79,564,800 shares pledged[11] - The company has a total of 10 major shareholders, with significant holdings including Huadong Group Limited at 132,608,000 shares[12] Expenses - The company reported a significant increase in sales expenses, which rose by 82.28% to ¥9,573,416.66 due to enhanced business expansion efforts[9] - Total operating costs increased to ¥69,517,206.31, up 17.5% from ¥59,165,167.44 in the previous period[21] - The company incurred research and development expenses of ¥3,481,898.40, slightly up from ¥3,268,622.43 in the previous period, indicating continued investment in innovation[21] - Sales expenses increased significantly to ¥9,573,416.66, compared to ¥5,251,920.69 in the previous period, reflecting higher marketing efforts[21] Legal Proceedings - The company has initiated legal proceedings for a performance compensation of CNY 183 million due to underperformance, with ongoing litigation[13] - The company has received a favorable first-instance judgment regarding the performance compensation case, but the final outcome remains uncertain as the defendants have appealed[15] Accounting Standards - The company did not undergo an audit for the first quarter report[26] - The new accounting standards will be first implemented starting in 2025[26]

Group 1: Industry Overview - The education robot industry in China has a limited number of listed companies, including Keda Xunfei, Shengtong Co., UBTECH, Donggang Co., Gaole Co., Ruijun Technology, and Yuejiang [1] - The industry is characterized by a focus on educational applications for children and teenagers, with companies developing various products and solutions [8][10] Group 2: Company Profiles - Keda Xunfei, established in December 1999, has the highest number of patents (2864) and ranks 7th in the 2024 AI Innovation Enterprises Top 100 [9] - Shengtong Co., founded in November 2000, has a registered capital of 537.59 million yuan and ranks 50th in the 2024 Beijing Manufacturing Enterprises Top 100 [9] - UBTECH, established in March 2012, has a registered capital of 419.56 million yuan and ranks 13th in the 2024 China Robotics Enterprises Top 50 [9] - Donggang Co., founded in March 1996, has a registered capital of 523.72 million yuan and ranks 36th in the 2023 Office Software Ranking [9] - Gaole Co., established in October 1989, has a registered capital of 94.72 million yuan [9] - Ruijun Technology, founded in November 2005, has a registered capital of 95.29 million yuan and ranks 19th in the 2024 Leading Enterprises in Trustworthy Innovation [9] - Yuejiang, established in July 2015, has a registered capital of 36 million yuan and ranks 11th in the 2024 China Hidden Unicorn Enterprises Top 500 [9] Group 3: Business Performance - In the first half of 2024, Keda Xunfei's education application product revenue reached approximately 2.86 billion yuan, with a gross margin of 51.76% [11][12] - Shengtong Co. generated 135 million yuan from technology education services, with a gross margin of 30.54% [12] - UBTECH's revenue from educational intelligent robots and solutions was 161 million yuan, with a gross margin of 19.1% [12] - Gaole Co. reported 3 million yuan from interactive toys, with a gross margin not specified [12] - Yuejiang's revenue from four-axis collaborative robots was 370 million yuan, with a gross margin of 30.52% [12] Group 4: Future Business Plans - Keda Xunfei plans to develop advanced AI systems for educational robots that can provide personalized learning assistance [13] - Shengtong Co. aims to create a comprehensive curriculum system for programming education and robotics [13] - UBTECH intends to enhance its platforms using large models and AIGC technology to improve teaching efficiency [13] - Gaole Co. focuses on integrating various technologies to enhance the intelligence of educational robots [13] - Donggang Co. is investing in AI and big data technologies to improve the capabilities of its educational robots [13] - Ruijun Technology will continue to optimize its educational robot, Tianhe C1, based on user feedback [13]

特此公告。 广东高乐股份有限公司（以下简称"公司"）于2024年8月27日召开的第八 届董事会第八次会议和2024年9月20日召开的2024年第三次临时股东大会，审议 通过了《关于增补刘哲先生为公司第八届独立董事的议案》，同意选举刘哲先生 为公司第八届董事会独立董事，任期与第八届董事会任期一致。 截至公司2024年第三次临时股东大会通知发出之日，刘哲先生尚未取得独立 董事资格证书，根据相关规定，刘哲先生已书面承诺参加最近一期独立董事培训 并取得深圳证券交易所认可的独立董事资格证书。 近日，公司董事会收到独立董事刘哲先生的通知，获悉其已按照相关规定参 加了深圳证券交易所举办的上市公司独立董事任前培训（线上），并取得了由深 圳证券交易所创业企业培训中心颁发的《上市公司独立董事培训证明》。 证券代码：002348 证券简称：高乐股份 公告编号：2025-002 广东高乐股份有限公司 关于独立董事取得独立董事资格证书的公告 本公司及董事会全体成员保证公告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏。 广东高乐股份有限公司 董 事 会 1 2025 年 2 月 28 日 ...

财联社1月16日电，高乐股份直线涨停，此前苏豪弘业6连板，博通集成、德艺文创、实丰文化、群兴玩 具等快速冲高。 国联证券指出，AI玩具兼具陪伴+教育价值，近期爆款频出。 市场研究机构Research and Markets发布的数据显示，全球AI玩具市场预计将从2022年的约87亿美元，增 长到2030年的351.1亿美元，年复合增长率超过16%。 ...

2、统一社会信用代码：9144000061821828XT 广东高乐股份有限公司 关于完成工商变更登记并换发营业执照的公告 本公司及董事会全体成员保证公告内容的真实、准确、完整，不存在虚 假记载、误导性陈述或者重大遗漏。 一、基本情况 广东高乐股份有限公司（以下简称"公司"）于 2024 年 10 月 25 日召开的 第八届董事会第九次会议，以及 2024 年 11 月 13 日召开的 2024 年第四次临时 股东会，审议通过了《关于变更公司经营范围并修订＜公司章程＞的议案》，具 体内容请详见公司于 2024 年 10 月 28 日在巨潮资讯网（www.cninfo.com.cn）上 披露的《关于变更公司经营范围并修订公司章程的公告》，公告编号 2024-044。 二、工商变更登记情况 近日，公司已完成了工商变更登记及《公司章程》备案手续，取得了广东省 市场监督管理局换发的《营业执照》，公司本次《营业执照》的变更仅涉及经营 范围变更，其他事项不变，变更后的《营业执照》相关信息如下： 1、名称：广东高乐股份有限公司 证券代码：002348 证券简称：高乐股份 公告编号：2024-049 广东高乐股份有限公司董事 ...

证券代码：002348 证券简称：高乐股份 公告编号：2024-048 广东高乐股份有限公司 股票交易异常波动公告 本公司及董事会全体成员保证公告内容的真实、准确、完整，不存在虚 假记载、误导性陈述或者重大遗漏。 一、股票交易异常波动的情况介绍 广东高乐股份有限公司（以下简称"公司"）股票（证券简称：高乐股份； 证券代码：002348）于 2024 年 11 月 25 日、2024 年 11 月 26 日连续 2 个交易日 收盘价格涨幅偏离值累计超过 20%，根据深圳证券交易所的有关规定，属于股票 交易异常波动的情况。 二、公司关注及核实情况说明 3、公司近期公司经营情况及内外部经营环境未发生重大变化。 4、目前公司、控股股东和实际控制人不存在关于公司的应披露而未披露的 重大事项、或处于筹划阶段的重大事项。 5、公司控股股东和实际控制人在公司股票交易异常波动期间未买卖本公司 股票。 三、是否存在应披露而未披露的说明 公司董事会确认，公司目前没有任何根据《深圳证券交易所股票上市规则》 等有关规定应予以披露而未披露的事项或与该事项有关的筹划、商谈、意向、协 议等；董事会也未获悉公司有其他根据《深圳证券交易所股票上 ...

证券代码：002348 证券简称：高乐股份 公告编号：2024-047 广东高乐股份有限公司 关于签订银行抵押合同暨资产抵押借款的公告 本公司及董事会全体成员保证公告内容的真实、准确、完整，不存在虚 假记载、误导性陈述或者重大遗漏。 一、资产抵押和借款的基本情况 广东高乐股份有限公司（以下简称"公司"）拟以抵押等方式向中国农业银 行股份有限公司普宁市支行（以下简称"中国农行普宁支行"）申请借款补充公 司流动资金。2024年4月20日，公司与上述银行签订了《最高额抵押合同》，以 公司名下位于普宁市池尾大道东南侧环市西路南侧广东高乐股份有限公司池尾 新建厂区（不动产权证书号：粤（2024）普宁市不动产权第0005173号）进行抵 押，最高抵押价值为人民币 37,545.54万元，抵押期限自2024年4月17日至2027 年4月16日。 上述借款金额和最高抵押价值不等于公司实际发生的融资金额，具体融资金 额、融资期限等以公司与上述银行最终签订的借款合同为准。截至本公告披露日， 公司与上述银行（中国农行普宁支行）的借款本金余额为人民币7,950万元。 二、会议审议与授权情况 （1）公司于 2023 年 4 月 27 ...

上海上正恒泰律师事务所 关于广东高乐股份有限公司 2024 年第四次临时股东会的 法律意见书 二〇二四年十一月十三日 上海上正恒泰律师事务所 关于广东高乐股份有限公司 2024 年第四次临时股东会的 法律意见书 致：广东高乐股份有限公司 上海上正恒泰律师事务所（以下简称"本所"）接受广东高乐股份有限公司 （以下简称"公司"）的聘请，指派周文平律师、陈毛过律师（以下简称"本所 律师"）出席了公司 2024 年第四次临时股东会（以下简称"本次股东会"），并依 据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》 （以下简称"《证券法》"）、中国证监会《上市公司股东会规则》（以下简称"《股 东会规则》"）、《深圳证券交易所上市公司股东会网络投票实施细则》（以下简称 "《网络投票细则》"）及《广东高乐股份有限公司章程》（以下简称"《公司章程》"） 的规定，对本次股东会的相关事项进行见证，并发表法律意见如下： 一、本次股东会的召集、召开程序 1．公司于 2024 年 10 月 25 日召开第八届董事会第九次会议并审议通过《关 于提请召开公司 2024 年第四次临时股东会的议案》，定于 2024 ...

证券代码：002348 证券简称：高乐股份 公告编号：2024-046 广东高乐股份有限公司 2024 年第四次临时股东会决议公告 本公司及董事会全体成员保证公告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏。 重要提示： 1、本次股东会未出现否决议案的情形； 2、本次股东会未涉及变更前次股东会决议。 一、会议召开和出席情况 （一）会议召开情况 1、会议召开时间： （1）现场会议召开时间：2024年11月13日（星期三）下午2:00。 （2）网络投票时间：2024年11月13日（星期三）。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2024年11月13日（星期三）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2024年11月13日（星期三）上午9:15至当日下午3:00期间的任意时间。 2、现场会议召开地点：广东省普宁市池尾街道塘边村塘边里东片168号高乐 股份综合办公楼二楼会议室。 3、会议召开方式：本次会议采取现场投票与网络投票相结合的方式召开。 4、会议召集人：广东高乐股份有限公司（以下简称"公司" ...