中国经济网北京12月2日讯 高乐股份(002348.SZ)今日复牌，股价一字涨停，截至发稿报5.29元，上涨9.98%，总市值50.11亿元。 值得注意的是，停牌前最后一个交易日，即2025年11月24日，高乐股份涨停，收涨10.07%。 高乐股份昨晚披露了关于控股股东签署《股份转让协议》及公司签署《附条件生效的股份认购协议》暨公司控股股东、实际控制人拟 发生变更的提示性公告显示。 2025年11月30日，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《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、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北京黎曼云图科创有限公司签署《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。 ...

Core Viewpoint - The toy industry leader, Gaole Co., has resumed trading with a significant price increase following the transfer of control to Wang Fan, a 90s AI entrepreneur, indicating a potential shift in the company's strategic direction towards AI integration [1] Group 1: Company Control Change - Gaole Co. has undergone a change in control with Wang Fan taking over as the new major shareholder [1] - The company’s securities department stated that the change in control has not yet impacted business operations [1] - The new controlling shareholder possesses significant advantages in AI, including research capabilities and talent reserves, suggesting future business collaboration opportunities [1]

高乐股份 早盘"一字"涨停，公司今日披露非公开发行预案，拟向 北京黎曼星图科技合伙企业 (有限合 伙)非公开发行，拟发行数量不超过1.33亿股，发行价格为3.70元，预计募集资金4.91亿元，募集资金主 要用于补充流动资金。 ...

消息面上，12月1日晚间，高乐股份接盘方揭晓，北京黎曼云图科创有限公司将成为公司控股股东，王 帆将成为公司实际控制人。 北京商报讯（记者 马换换 李佳雪）12月2日，高乐股份（002348）开盘涨停，开于涨停价5.29元/股。 截至北京商报记者发稿，公司股价仍封死涨停。 ...

Core Viewpoint - The controlling shareholder of Gaole Co., Ltd. will change to Beijing Liman Yuntu Technology Co., Ltd., with Wang Fan as the actual controller. The company's stock will resume trading on December 2, 2025 [1]. Shareholder Changes - On November 30, Liman Yuntu signed a share transfer agreement with Huadong Group, acquiring 94.72 million shares, representing 10% of the total share capital of Gaole Co., Ltd. [3] - After the transfer and voting rights delegation agreements, Liman Yuntu will hold 94.72 million shares directly, accounting for 10% of the total share capital, and will have voting rights for 206 million shares, which is 21.74% of the total share capital [3]. Company Profile of Liman Yuntu - Liman Yuntu was established on March 24, 2025, with a registered capital of RMB 100 million. Its business scope includes AI software development, integrated circuit sales, and cloud computing equipment sales, but it has not yet commenced actual operations [4]. Wang Fan's Background - Wang Fan, born in November 1991, has been involved in the internet and AI sectors since 2022. He has held various positions in multiple companies, including serving as the director and manager of Liman Yuntu [5]. Financial Performance of Gaole Co., Ltd. - Since Huadong Group took control in November 2022, it aimed to stabilize Gaole's toy business and invest RMB 2 billion in a 2GWh solid-state battery project. However, this project has not yet been put into production, and the company has reported continuous losses since 2019 [7]. - In the first three quarters of this year, Gaole Co., Ltd. achieved a revenue of RMB 226 million, a year-on-year increase of 10.06%, but reported a net loss of RMB 11.67 million [7]. Future Outlook - With the transition from Huadong Group, the future direction of Gaole Co., Ltd. is under scrutiny, particularly regarding the solid-state battery project and the potential impact of a young team with an AI background on the traditional manufacturing company [8].

Core Viewpoint - The controlling shareholder of Gaole Co., Ltd. will change to Beijing Lieman Yuntu Technology Co., Ltd., with Wang Fan as the actual controller, effective from December 2, 2025 [1] Summary by Sections Shareholder Changes - On November 30, 2025, Lieman Yuntu signed a share transfer agreement with Huadong Group to acquire 94.72 million shares of Gaole, representing 10% of the total share capital [1] - Following the transfer and voting rights delegation agreements, Lieman Yuntu will hold 94.72 million shares directly and have voting rights over 206 million shares, accounting for 21.74% of the total share capital [1] Company Background - Lieman Yuntu was established on March 24, 2025, with a registered capital of 100 million RMB, focusing on artificial intelligence software development, integrated circuit sales, and cloud computing equipment sales, but has not yet commenced actual business operations [2][3] Management Changes - Gaole Co., Ltd. announced a personnel change, appointing Li Pei as the new board secretary while the former secretary, Ma Shaobin, will serve as the securities affairs representative [5] Financial Performance - Since Huadong Group took control in November 2022, Gaole has struggled with its transformation plans, including a 2 GWh solid-state battery project that has yet to commence production and generate revenue [5] - Financial data indicates that Gaole has reported net losses for six consecutive years, with a revenue of 226 million RMB in the first three quarters of the current year, reflecting a year-on-year increase of 10.06%, but still a net loss of 11.67 million RMB [5] Future Outlook - The future direction of Gaole Co., Ltd. is under scrutiny, particularly regarding the continuation of the solid-state battery project and the potential impact of the young team with an artificial intelligence background on the traditional manufacturing company [7]

Core Viewpoint - The traditional toy company GaoLe Co., Ltd. has undergone a change in its actual controller, with Beijing Lieman Yuntu Technology Co., Ltd. becoming the controlling shareholder and Wang Fan as the actual controller, following a one-week suspension of trading [2][3]. Group 1: Shareholder Changes - GaoLe Co., Ltd. announced that Lieman Yuntu will acquire 94.72 million shares from the largest shareholder, Huadong Group, representing 10.00% of the total share capital [3]. - After the transfer and voting rights delegation, Lieman Yuntu will hold approximately 206 million shares, accounting for 21.74% of the total share capital, thus becoming the controlling shareholder [3]. Group 2: Management Background - Wang Fan, born in November 1991 and a graduate of the University of Sheffield, has been involved in the internet and artificial intelligence sectors and started his entrepreneurial journey in 2022 [2]. Group 3: Fundraising Plans - GaoLe Co., Ltd. plans to issue A-shares to specific investors, aiming to raise no more than 491 million yuan, which will be used to supplement working capital [3]. - Following the issuance, Lieman Xingtou will directly hold approximately 132 million shares, representing 12.28% of the total share capital, with Wang Fan as the controlling shareholder [3].

Company Announcement - The company, GaoLe Co., Ltd. (SZ 002348), announced on December 1 that its board approved a private placement of shares to Beijing Lieman Star Map Technology Partnership (Limited Partnership) [1] - The number of shares to be issued is up to approximately 133 million shares, which does not exceed 30% of the company's total share capital prior to the issuance, in compliance with the regulations of the China Securities Regulatory Commission [1] - The issuance price is set at 3.7 yuan per share, with the total funds raised expected to be no more than approximately 491 million yuan, which will be used entirely to supplement working capital after deducting issuance costs [1] Financial Performance - For the first half of 2025, GaoLe Co., Ltd.'s revenue composition is as follows: toys and related businesses account for 96.77%, education information services account for 1.7%, and plastic products account for 1.53% [1] - As of the announcement, the company's market capitalization is 4.6 billion yuan [1]

Core Viewpoint - Guangdong Gaole Co., Ltd. disclosed that it has not faced any penalties from regulatory authorities in the past five years, except for a regulatory letter received in 2022 due to discrepancies in performance forecasts and annual report data [1][2][3] Summary by Sections Regulatory Actions - The company has not been subject to any penalties from securities regulatory bodies or exchanges in the last five years, with the exception of a regulatory letter from the Shenzhen Stock Exchange on July 11, 2022 [2][3] - The regulatory letter was issued due to significant differences between the net profit forecast and the audited annual report for 2021, which was not corrected in a timely manner [2] Performance Discrepancies - The initial performance forecast on January 29, 2022, estimated a net loss of between 46 million to 70 million yuan for 2021, which was later revised to a net loss of 108.7 million yuan on April 20, 2022 [2] - The audited annual report released on April 29, 2022, confirmed a net loss of 108.66 million yuan for 2021, highlighting the discrepancies that led to regulatory scrutiny [2] Company Response - The company has taken the regulatory letter seriously and has organized personnel to enhance their understanding of relevant laws and regulations, aiming to prevent future issues [3] - The company commits to diligent and prudent decision-making to protect the rights of investors and ensure compliance with information disclosure obligations [3]

Core Points - On November 30, 2025, Lieman Yuntu signed a share transfer agreement with Huadong Group to acquire 94.72 million shares of Gaole Co., accounting for 10.00% of the total share capital [1] - Following the share transfer, Lieman Yuntu will hold voting rights for a total of 206 million shares, representing 21.74% of the total share capital, making it the controlling shareholder of Gaole Co. [1] - The actual controller of Gaole Co. will be Wang Fan after the completion of the agreements [1] - On December 1, 2025, Gaole Co. signed a conditional share subscription agreement with Beijing Lieman Xingtu Technology Partnership to raise funds through stock issuance [1] Company Actions - The company applied to the Shenzhen Stock Exchange for the resumption of trading, effective December 2, 2025 [2]