Market Performance - Major market indices opened with mixed results, with the Shanghai Composite Index down 0.07% at 3873.12 points, the Shenzhen Component Index up 0.10% at 13020.29 points, and the ChiNext Index up 0.55% at 3084.22 points [1] Individual Stock Performance - A total of 1920 stocks rose at the open, with newly listed stock N Moer-U surging 468.78% at the opening [1] - There were 4 stocks hitting the daily limit up, including Gaole Shares with 5 consecutive limit ups, Junya Technology with 3 consecutive limit ups, and Longzhou Shares with 3 consecutive limit ups [1] - Conversely, 2381 stocks declined at the open, with 6 stocks hitting the daily limit down, including *ST Aowei and *ST Fanli [1] Price Continuity Statistics - Among stocks that hit the limit up yesterday, Longzhou Shares and Gaole Shares continued to hit the limit up today [1] - Stocks that opened lower included Guga Technology, Zhongzai Zihuan, and ST Zhongzhu, with declines of 6.36%, 3.52%, and 2.70% respectively [1] - Among stocks that hit the limit down yesterday, 6 stocks continued to hit the limit down today, including *ST Aowei and *ST Fanli, while stocks that opened higher included Guofeng New Materials, *ST Yanshi, and Hainan Ruize, with increases of 4.70%, 2.61%, and 0.87% respectively [1]

Core Viewpoint - The stock of Guangdong Gaole Co., Ltd. has experienced a significant surge, achieving a limit-up for four consecutive trading days, with a total increase of 46.36% during this period [2] Stock Performance Summary - As of 9:29 AM, the stock price reached 7.04 yuan, with a turnover rate of 5.05% and a trading volume of 45.63 million shares, amounting to a transaction value of 321 million yuan [2] - The stock's total market capitalization in the A-share market is 6.668 billion yuan, while the circulating market capitalization is 6.361 billion yuan [2] - The stock was listed on the Dragon and Tiger List due to a cumulative deviation in the price increase of 20% over three consecutive trading days [2] Institutional Activity - Institutional investors net sold 16.44 million yuan, while other trading desks collectively net bought 34.15 million yuan [2] Recent Trading Data - The stock's daily performance over the past few days shows notable fluctuations, with the highest daily increase recorded at 10.07% on November 24, 2025, and a decrease of 7.42% on November 21, 2025 [2]

Core Viewpoint - The market experienced a significant number of stocks hitting the daily limit up, with a total of 38 stocks reaching this threshold on December 4, indicating strong investor interest and market activity [1] Group 1: Market Performance - A total of 38 stocks reached the daily limit up, with 10 stocks achieving consecutive limit ups [1] - The overall limit up rate was 59%, excluding ST and delisted stocks, suggesting a healthy market sentiment [1] Group 2: Focus Stocks - The highest consecutive limit up stock was Gao Le Co., which reached 4 consecutive limit ups, indicating strong local interest in Fujian-based stocks [1] - Rui Neng Technology, involved in robotics, achieved 5 limit ups in 6 days, reflecting a growing trend in the robotics sector [1] - Sun Cable, associated with power equipment, recorded 3 consecutive limit ups, showcasing investor confidence in the energy sector [1] - Anji Food, a consumer-related stock, also achieved 3 consecutive limit ups, highlighting the resilience of consumer stocks in the current market [1]

Core Points - The company, Gaole Co., Ltd. (stock code: 002348), announced that its stock price experienced an abnormal fluctuation, with a cumulative price deviation exceeding 20% over two consecutive trading days on December 2 and December 3, 2025 [1] Summary by Category - **Company Announcement** - Gaole Co., Ltd. reported an abnormal stock price fluctuation due to a cumulative increase in closing price deviation exceeding 20% over two trading days [1]

为配合控制权变更，高乐股份同步推出定增计划。公司拟以3.7元/股向黎曼云图关联方北京黎曼星图科技合伙企业（有限 合伙）（以下简称"黎曼星图"）发行不超过1.33亿股，募资总额不超过4.91亿元，募集资金将全部用于补充流动资金。发行完 成后，黎曼星图持股比例将不超过21.05%，王帆仍为公司实控人。 《详式权益变动报告书》显示，王帆，1991年11月份出生，无境外永久居留权，毕业于英国谢菲尔德大学。王帆主要从事 互联网及人工智能（AI）行业，其从2022年开始创业，2025年3月至今担任黎曼云图董事、经理、财务负责人，2025年11月份 至今担任北京黎曼星云科技合伙企业（有限合伙）、黎曼星图执行事务合伙人。 近年来，高乐股份持续面对经营挑战。2019年至今，高乐股份已连续六年归属于上市公司股东的净利润亏损。今年前三季 度，高乐股份归属于上市公司股东的净利润-1167.2万元，营收仅为2.26亿元。 财报显示，高乐股份的主营业务涵盖玩具和互联网教育两大板块。公司拥有"GOLDLOK"自主品牌及盲盒潮玩、电动玩具 等1000余种产品，并与华润万家、大润发、中国玩具反斗城等建立合作。公司主要产品包括电动火车玩具、互动 ...

Core Viewpoint - The stock of GaoLe Co., Ltd. experienced an abnormal fluctuation, with a cumulative closing price increase of over 20% over two consecutive trading days, prompting an investigation by the company's board of directors [1] Group 1: Stock Performance and Investigation - The stock price of GaoLe Co., Ltd. rose significantly, leading to a review of the company's situation and verification of related matters concerning its controlling shareholders and actual controllers [1] - The board confirmed that there were no corrections or supplements needed for previously disclosed information, and no significant changes in the company's operational situation or external environment [1] - During the period of abnormal stock trading, the controlling shareholders and actual controllers did not buy or sell the company's stock [1] Group 2: Share Transfer and Future Plans - The largest shareholder has signed a share transfer agreement and a voting rights entrustment agreement with the transferee [1] - The company plans to issue shares to related parties of the transferee through a directed issuance, indicating a change in the controlling shareholder and actual controller is underway [1]

证券代码：002348 证券简称：高乐股份 公告编号：2025-046 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 2025 年 12 月 2 日、2025 年 12 月 3 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 公司董事会对公司自身情况进行了核查并对公司、控股股东及实 际控制人就相关事项进行了核实，具体情况如下： 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交所《股票上市规则》 等有关规定应予以披露而未披露的事项，目 ...

北京博星证券投资顾问有限公司 | 第二节 | 序言 ····································································································5 | | | --- | --- | --- | | 第三节 | 财务顾问承诺与声明 ·············································································· | 6 | | | 一、财务顾问承诺 ······················································································· | 6 | | | 二、财务顾问声明 ······················································································· | 6 | | 第四节 | 财务顾问核查意见 ·························· ...

广东高乐股份有限公司募集资金管理制度 第一章 总则 第一条 为进一步规范广东高乐股份有限公司（以下简称"公司"）募集资 金的存放、使用和管理，保证募集资金安全，防范资金使用风险，提高募集资金 使用效益，根据《上市公司证券发行注册管理办法》《深圳证券交易所股票上市 规则》《上市公司募集资金监管规则》和《深圳证券交易所自律监管指引第 1 号--主板上市公司规范运作》等有关法律、法规和规范性文件以及《广东高乐股 份有限公司章程》（以下简称"《公司章程》"）的有关规定，结合公司实际情 况，制定本制度。 第三条 公司应当建立并完善募集资金存放、管理、使用、改变用途、监督 和责任追究的内部控制制度，明确募集资金使用的申请、分级审批权限、决策程 序、风险控制措施、信息披露要求和责任追究等，规范使用募集资金。公司董事 会应当持续关注募集资金存放、管理和使用情况，有效防范投资风险，提高募集 资金使用效益。公司的董事和高级管理人员应当勤勉尽责，确保公司募集资金安 全，不得操控公司擅自或变相改变募集资金用途。 第四条 募集资金投资项目（以下简称"募投项目"）通过公司的子公司或 公司控制的其他企业实施的，公司应当确保该子公司或受公司 ...

Core Viewpoint - The stock of Gao Le Co., Ltd. experienced an abnormal fluctuation, with a cumulative closing price increase of over 20% in three consecutive trading days in 2025, prompting an official announcement regarding the situation [1] Summary by Relevant Sections - **Stock Price Fluctuation** The company announced that its stock price had an abnormal fluctuation, with a cumulative increase of over 20% over three consecutive trading days in 2025 [1] - **Investigation Findings** After investigation, it was confirmed that there was no need to correct or supplement previous information, and no undisclosed significant information affecting the stock price was found. The operational and external environment remains unchanged [1] - **Shareholder Actions** The largest shareholder has signed a share transfer and voting rights entrustment agreement. The company plans to conduct a targeted issuance of new shares, and there will be changes in the controlling shareholder and actual controller, with related matters currently in progress [1]