证券代码：002348 证券简称：高乐股份 公告编号：2025-047 三、其他事项 广东高乐股份有限公司 关于筹划控制权变更的进展公告 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、本次控制权变更基本情况 2025 年 11 月 30 日，广东高乐股份有限公司（以下简称"公司"） 控股股东华统集团有限公司（以下简称"华统集团"）与北京黎曼云 图科创有限公司（以下简称"黎曼云图"）签署了《股权转让协议》、 《表决权委托协议》，华统集团将其持有的 94,720,000 股股份（占公 司总股本的 10%）转让给黎曼云图，并且华统集团将其持有的 37,888,000 股股份（占公司总股本的 4%）对应的表决权委托给黎曼 云图行使。2025 年 11 月 30 日，杨广城、興昌塑膠五金廠有限公司 与黎曼云图签署了《表决权委托协议》，杨广城、興昌塑膠五金廠有 限公司分别将其持有的 58,222,668 股股份（占公司总股本的 6.15%） 和 15,087,960 股股份（占公司总股本的 1.59%）对应的表决权委托给 黎曼云图行使。2025 年 11 月 30 ...

广东高乐股份有限公司 详式权益变动报告书 (修订稿) 信息披露义务人一 : 北京黎曼云图科创有限公司 住 所 / 通 讯 地 址 : 北京市丰 &区南四环西路 188 房十七区 18 号楼 2 层 202-383 号 信息披露义务人 曼星图科技合伙 给 4 住所/通讯地 北京市东城区地坛公 股份增加(协议转让、 认购上市公司向特定对象发行 权益变动性质 股票) 二〇二五年十二月 上市公司名称 : 广东高乐股份有限公司 上 市 地 点 :深圳证券交易所 股 票 简 称 : 高乐股份 股 票 代 码 : 002348.SZ 广东高乐股份有限公司 详式权益变动报告书（修订稿） 修订说明 信息披露义务人已于 2025年 12月 2 日公告了《广东高乐股份有限公司详 式权益变动报告书》,现基于本次权益变动涉及的相关事项发生变化,信息披露 义务人对本次权益变动相关情况进行修订，本次主要修订内容如下: 一、关于信息披露义务人股份锁定承诺期的修订 信息披露义务人就股份锁定承诺期由"18个月"延长至"36个月",详见 本报告书"第三节 权益变动方式"之"三、本次权益变动所涉及股份的权利 限制情况"。 二、其他必要修订 2 广东 ...

关于广东高乐股份有限公司 详式权益变动报告书 之 财务顾问核查意见 （修订稿） 财务顾问 二〇二五年十二月 北京博星证券投资顾问有限公司 | | | 北京博星证券投资顾问有限公司 财务顾问核查意见（修订稿） 第一节 释义 | 除非上下文另有所指，以下简称在本核查意见中的含义如下： | | --- | | 上市公司、高乐股份、公 | 指 | 广东高乐股份有限公司 | | --- | --- | --- | | 司、发行人 | | | | 信息披露义务人一、黎曼 | 指 | 北京黎曼云图科创有限公司 | | 云图、受让方 | | | | 信息披露义务人二、黎曼 | 指 | 北京黎曼星图科技合伙企业（有限合伙） | | 星图、认购人 | | | | 信息披露义务人 | 指 | 北京黎曼云图科创有限公司、北京黎曼星图科技合伙 | | | | 企业（有限合伙） | | 芯大通科创 | 指 | 北京芯大通科创有限公司 | | 芯大通科技 | 指 | 北京芯大通科技有限公司 | | 转让方、华统集团 | 指 | 华统集团有限公司 | | 兴昌塑胶 | 指 | 兴昌塑胶五金厂有限公司 | | 《详式权益变动报告书》 | 指 ...

高乐股份公告称，2025年，控股股东华统集团将9472万股股份（占总股本10%）转让给黎曼云图，并将 3788.8万股股份（占总股本4%）表决权委托给其行使。杨广城、興昌塑膠五金廠有限公司也将部分股 份表决权委托给黎曼云图。华统集团与二者解除一致行动和表决权委托关系。若协议完成，控股股东将 变更为黎曼云图，实控人将变为王帆。目前，黎曼云图已完成尽职调查，并承诺权益变动完成后36个月 内不转让股份等。事项存在不确定性。 ...

Core Viewpoint - Gao Le Co., Ltd. is undergoing a change in its controlling shareholder and actual controller, moving from Huadong Group to Beijing Lieman Yuntu Technology Innovation Co., Ltd. This marks the second ownership change for the company in three years, indicating a significant shift in its corporate governance and potential strategic direction [1][11]. Shareholder Structure Changes - The controlling shareholder, Huadong Group, will transfer its 132.608 million shares (14% of total equity) to Lieman Yuntu, along with the voting rights of 37.888 million shares (4% of total equity) [7][8]. - Following the transfer, Lieman Yuntu will hold 94.72 million shares (10% of total equity) and gain significant voting rights, while Huadong Group's stake will decrease to 4% [8][11]. Financial Performance - Gao Le Co., Ltd. reported a revenue decline of 16.14% in 2023, with total revenue at 2.66 billion yuan, and a net loss of 61.9785 million yuan [6]. - The company has seen a gradual improvement in its loss margins, with the net loss expected to narrow to 57.2978 million yuan in 2024 [6]. Business Transition - Gao Le Co., Ltd. is transitioning from traditional toy manufacturing to focus more on trendy and interactive toys, with the proportion of toy sales increasing from 80.54% in 2022 to an anticipated 96.77% in the first half of 2025 [5][6]. - The company has successfully integrated popular IPs into its product offerings, enhancing its market appeal and revenue potential [15]. Strategic Implications - The new controlling shareholder, Lieman Yuntu, is a technology-focused enterprise, which may provide Gao Le Co., Ltd. with opportunities to explore AI-driven toy innovations [11][15]. - The shift in ownership and strategic focus could position Gao Le Co., Ltd. to capitalize on emerging trends in the toy industry, particularly in the realm of AI and interactive products [15].

Group 1 - The stock of GaoLe Co., Ltd. experienced a decline of 6.06% with a turnover rate of 19.31% and a trading volume of 1.158 billion yuan, showing a fluctuation of 15.40% throughout the day [2] - Institutional investors net bought 30.7261 million yuan, while brokerage seats collectively net sold 105 million yuan [2] - The stock has been listed on the Dragon and Tiger list five times in the past six months, with an average price increase of 5.80% the day after being listed and an average increase of 1.71% over the following five days [3] Group 2 - The main capital outflow for the stock today was 59.5482 million yuan, with a significant outflow of 112 million yuan from large orders, while large orders saw a net inflow of 52.5208 million yuan [3] - The trading data for December 9 shows that the top five buying and selling brokerage seats had a total transaction amount of 283 million yuan, with buying transactions amounting to 104 million yuan and selling transactions amounting to 179 million yuan, resulting in a net selling of 74.6311 million yuan [4]

Group 1 - The stock of Gaole Co., Ltd. increased by 9.19% with a turnover rate of 24.28% and a transaction amount of 1.433 billion yuan, showing a volatility of 15.01% throughout the day [2] - Institutional investors net sold 44.8726 million yuan, while the total net buying from brokerage seats amounted to 139 million yuan [2] - The top five brokerage seats accounted for a total transaction of 407 million yuan, with a buying amount of 251 million yuan and a selling amount of 157 million yuan, resulting in a net buying of 94.1409 million yuan [2] Group 2 - Among the brokerage seats that appeared on the list, three institutional specialized seats were involved, with a total buying amount of 34.6412 million yuan and a selling amount of 79.5138 million yuan, leading to a net sell of 44.8726 million yuan [2] - The stock experienced a net inflow of 113 million yuan from main funds, with a significant single net inflow of 162 million yuan, while large single funds saw a net outflow of 48.3965 million yuan [2] - Over the past five days, the main funds have experienced a net outflow of 66.0425 million yuan [2]

Core Insights - The entertainment products sector experienced a rise of 1.19% on December 8, with Shuhua Sports leading the gains [1] - The Shanghai Composite Index closed at 3924.08, up 0.54%, while the Shenzhen Component Index closed at 13329.99, up 1.39% [1] Sector Performance - Shuhua Sports (662599) saw a closing price of 14.25, with a significant increase of 10.04% and a trading volume of 132,900 shares, amounting to a transaction value of 186 million yuan [1] - Gaole Shares (002348) closed at 6.77, up 9.19%, with a trading volume of 2,193,800 shares and a transaction value of 1.433 billion yuan [1] - Other notable performers included Sanbai Shuo (001300) with a 4.42% increase, closing at 16.08, and Kangliyuan (301287) with a 3.16% increase, closing at 41.73 [1] Capital Flow - The entertainment products sector saw a net inflow of 37.199 million yuan from main funds, while retail funds experienced a net outflow of 28.469 million yuan [2] - High-profile stocks like Gaole Shares and Shuhua Sports attracted significant main fund inflows, with Gaole Shares receiving 11.0 million yuan [3] - Retail investors showed a negative trend, with notable outflows from stocks like Gaole Shares and Sanbai Shuo, indicating a shift in investor sentiment [3]

New Stock Issuance - New stocks issued include 纳百川 (code: 301667) at an issuance price of 22.63 and 优迅股份 (code: 787807) at 51.66[1] Rights Issues and Announcements - 荃银高科 (code: 300087) has a tender offer period from December 4, 2025, to January 5, 2026[1] - 天普股份 (code: 605255) has a tender offer period from November 20, 2025, to December 19, 2025[1] Delisting and Special Notices - *ST广道 (code: 920680) will enter the delisting arrangement period starting December 11, 2025[1] - *ST苏吴 (code: 600200) will enter the delisting arrangement period starting December 9, 2025[1] Stock Performance Alerts - 赛微电子 (code: 300456) reported severe abnormal fluctuations[1] - 海王生物 (code: 000078) and 瑞达期货 (code: 002961) also reported significant fluctuations[1] Additional Stock Announcements - 航天发展 (code: 000547) and 顺灏股份 (code: 002565) have issued announcements regarding their stock performance[1]

Core Viewpoint - The trading volume of Guangdong Gaole Co., Ltd. reached 1.378 billion RMB, marking a new high since November 29, 2024, with a stock price increase of 9.35% and a turnover rate of 23.38% [1] Company Summary - Guangdong Gaole Co., Ltd. was established on October 14, 1989, with a registered capital of 94.72 million RMB [1]