停牌期间，公司将根据事项进展情况，严格按照法律法规的规定和要求履行 信息披露义务。待上述事项确定后，公司将及时披露相关公告并申请公司股票复 牌。公司指定的信息披露媒体为《中国证券报》、《证券时报》、和巨潮资讯网 （ http://www.cninfo.com.cn ），公司所有信息均以在上述指定媒体刊登的公 告为准。敬请广大投资者谨慎决策，注意投资风险。 特此公告。 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：2025-032 广东高乐股份有限公司 关于公司第一大股东筹划控制权变更的停牌公告 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（以下简称"公司"或"高乐股份"）近日接到公司 第一大股东华统集团有限公司（以下简称"华统集团"）通知，获悉华统集团正 在筹划转让其持有的公司股份或（及）委托表决权，本次筹划事项可能导致公司 控制权发生变更。 鉴于上述事项尚存在不确定性，为保证公平信息披露，维护投资者利益，避 免造成公司股价异常波动，根据《深圳证券交易所主板股票上市规则》、《深圳证 券交易所上市公司自律监管 ...

AI and Technology - Google has released a new image model, attracting attention in the AI sector [2] - 360, a leader in AI search, has developed the 360 Smart Brain with ten core capabilities and hundreds of detailed functions, reporting a net loss of 120 million in Q3, narrowing from mid-year losses [2] - Jiuxi Software has launched its new generation large model application management platform, Nvwa GPT, which integrates and provides capabilities for large model management and intelligent orchestration [2] Aerospace and Defense - Japan has announced the deployment of missiles in sensitive areas, impacting defense-related companies [2] - Aerospace Power, a subsidiary of the Aerospace Science and Technology Group, has seen stock performance with a recent increase [2] - China Shipbuilding Industry Group, which controls multiple defense-related companies, is the only military ship production base in South China [2] E-commerce and Retail - Alibaba's "Qianwen" app has surpassed 10 million downloads in its first week of public testing [3] - Sanjiang Shopping, the largest local supermarket chain in Zhejiang, has Alibaba as its second-largest shareholder and is involved in the sale of prepared dishes [3] - DataPort, a leading data center company, provides infrastructure solutions and serves major internet companies like Alibaba, Tencent, Baidu, and NetEase [3] Real Estate - Multiple regions have issued notifications to promote the stable and healthy development of the real estate market [5] - Everbright Jiabao, a real estate development company under Everbright Group, focuses on non-performing asset management in Zhejiang [5] Automotive - GAC Group has officially launched its all-solid-state battery pilot production line [5] - Jinlong Automobile, a major bus manufacturer, has partnered with Baidu to produce China's first commercial-grade autonomous micro-circulation vehicle [5] Renewable Energy - Guosheng Technology, a top global manufacturer of heterojunction products, is focusing on high-efficiency solar cells and has plans for a solid-state battery project [6] - Hemei Group's subsidiary is investing in a green hydrogen project with an estimated total investment of around 700 million [6] Food and Beverage - Xinhua Du, a leading e-commerce platform for liquor, has seen stock performance with a recent increase [4] - Hasi Lian, a beauty brand, is focusing on skincare products and has developed a series of medical-grade dressings [5]

Market Overview - The A-share market experienced a decline with the Shenzhen Component Index, Shanghai Composite Index, and ChiNext Index all turning negative as of the report time [1] - The Shenzhen Component Index is at 12,492.11, down by 0.37%, the Shanghai Composite Index is at 3,822.36, down by 0.33%, and the ChiNext Index is at 2,909.92, down by 0.35% [2] Solid-State Battery Sector - The solid-state battery sector showed significant activity, with stocks such as Gaole Co., Guosheng Technology, and GAC Group hitting the daily limit up, while other companies like Funeng Technology and Liyuanheng also saw gains [3] - A total of 272 stocks are involved in the solid-state battery sector, with notable performers including: - Gaole Co. (+10.07%, current price 4.81, net inflow 25.83 million) - Guosheng Technology (+10.07%, current price 8.09, net inflow 143 million) - GAC Group (+10.00%, current price 8.36, net inflow 264 million) [4] - GAC Group's chairman announced the establishment of a pilot production line for all-solid-state batteries, achieving conditions for mass production of batteries over 60Ah [4] AI Computing Hardware Sector - The AI computing hardware sector is gaining momentum, with companies like Zhongfu Circuit hitting a 20% limit up, and other firms such as Guangku Technology and Tengjing Technology also showing strong performance [5] - Google’s AI infrastructure head stated the need to double AI computing power every six months and achieve a thousandfold increase in the next 4 to 5 years to meet rising demand [7] Aquaculture Sector - The aquaculture sector is experiencing a surge, with Zhongshui Fishery achieving a seven-day consecutive limit up, and Kaichuang International also hitting the limit up [8] - Zhongshui Fishery's stock has shown significant volatility, with a recent announcement indicating a cumulative price deviation exceeding 20% over two trading days, raising concerns about irrational trading behavior [10] Real Estate Sector - The real estate sector is seeing a boost, with companies like Everbright Jiabao hitting the limit up, alongside others such as Shilianhang and Zhangjiang High-Tech also rising [7] - Recent policies from various local governments, including a set of 12 measures from the Foshan Housing and Urban-Rural Development Bureau, aim to promote stable and healthy development in the real estate market [11]

证券之星消息，11月21日文娱用品板块较上一交易日下跌3.08%，高乐股份领跌。当日上证指数报收于 3834.89，下跌2.45%。深证成指报收于12538.07，下跌3.41%。文娱用品板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | | 成交额(元) | | --- | --- | --- | --- | --- | --- | --- | | 002103 | 广博股份 | 9.64 | 0.21% | | 14.69万 | 1.42亿 | | 001222 | 源飞宠物 | 24.19 | -0.70% | | 3.90万 | 9385.34万 | | 603899 | 晨光股份 | 28.04 | -1.13% | | 3.68万 | 1.03亿 | | 002862 | 实丰文化 | 20.83 | -2.02% | | 7.68万 | 1.60亿 | | 002678 | 珠江钢琴 | 4.99 | -2.16% | | 15.14万 | 7626.38万 | | 001238 | 浙江正特 | 50.00 | -2.65% | | 6015.0 | 301 ...

证券代码：002348 证券简称：高乐股份 公告编号：2025-031 广东高乐股份有限公司 2025 年第二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； 1、会议召开时间： （1）现场会议召开时间：2025年11月18日（星期二）下午2:00。 （2）网络投票时间：2025年11月18日（星期二）。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11月18日（星期二）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11月18日（星期二）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。 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 4、会议召集人：广东高乐股份有限公司（以下简称"公司" ...

法律意见书 二〇二五年十一月十八日 上海上正恒泰律师事务所 关于广东高乐股份有限公司 2025 年第二次临时股东会的 上海上正恒泰律师事务所 关于广东高乐股份有限公司 2025 年第二次临时股东会的 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 2025 年第二次临时股东会（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 2．经查验，公司部分董事和董事会秘书出席了本次股东会，公司部分高级 管理人员列席了本次股东会。 1．公司于 2025 年 10 月 27 日召开第八届董事 ...

Market Overview - The entertainment products sector experienced a decline of 0.88% on November 11, with Gao Le Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 4002.76, down 0.39%, while the Shenzhen Component Index closed at 13289.0, down 1.03% [1] Individual Stock Performance - Tianyuan Pet (301335) rose by 1.04% to a closing price of 31.07, with a trading volume of 46,100 shares and a transaction value of 142 million yuan [1] - Gao Le Co., Ltd. (002348) fell by 3.28% to a closing price of 4.72, with a trading volume of 320,200 shares and a transaction value of 153 million yuan [2] - Other notable declines included Jinling Sports (300651) down 3.17% and Chuangyuan Co. (300703) down 3.04% [2] Capital Flow Analysis - The entertainment products sector saw a net outflow of 131 million yuan from institutional investors, while retail investors contributed a net inflow of 1.28 billion yuan [2] - The net inflow from speculative funds was 2.73 million yuan [2] Detailed Capital Flow for Selected Stocks - Yingpais (002899) had a net inflow of 7.62 million yuan from institutional investors, but a net outflow of 10.96 million yuan from retail investors [3] - Chuangyuan Co. (300703) experienced a net inflow of 7.34 million yuan from institutional investors, with a significant outflow of 19.02 million yuan from retail investors [3] - Tianyuan Pet (301335) had a net inflow of 3.65 million yuan from institutional investors, but also saw a net outflow of 5.87 million yuan from retail investors [3]

Market Overview - The entertainment products sector increased by 1.23% on November 3, with Mingyue Lens leading the gains [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] Top Performers - Mingyue Lens (301101) closed at 43.94, up 6.39% with a trading volume of 75,400 shares and a transaction value of 324 million yuan [1] - Helen Piano (300329) closed at 18.25, up 5.43% with a trading volume of 120,500 shares and a transaction value of 217 million yuan [1] - Qunxing Toys (002575) closed at 6.40, up 3.39% with a trading volume of 326,400 shares and a transaction value of 207 million yuan [1] Underperformers - Jinling Sports (300651) closed at 22.13, down 5.43% with a trading volume of 151,700 shares [2] - Yuanfei Pets (001222) closed at 23.00, down 4.29% with a trading volume of 56,300 shares [2] - Zhejiang Nature (605080) closed at 24.48, down 1.45% with a trading volume of 20,800 shares [2] Capital Flow - The entertainment products sector experienced a net outflow of 4.75 million yuan from institutional investors, while retail investors saw a net inflow of 3.32 million yuan [2][3] - Major stocks like Guangbo Co. (002103) had a net inflow of 24.48 million yuan from institutional investors, while Mingyue Lens (301101) had a net inflow of 16.28 million yuan [3]

Market Overview - The entertainment products sector experienced a decline of 0.33% on October 30, with Zhejiang Zhengte leading the drop [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Stock Performance - Notable gainers included: - Helen Piano (300329) with a closing price of 17.57, up 7.59% and a trading volume of 180,300 shares, totaling 311 million yuan [1] - Source Pet (001222) closed at 24.51, up 2.21% with a trading volume of 66,300 shares, totaling 162 million yuan [1] - Major decliners included: - Zhejiang Zhengte (001238) closed at 49.33, down 3.08% with a trading volume of 8,368 shares, totaling 41.9 million yuan [2] - Huali Technology (301011) closed at 25.65, down 2.88% with a trading volume of 32,400 shares, totaling 83.57 million yuan [2] Capital Flow - The entertainment products sector saw a net outflow of 69.16 million yuan from institutional investors, while retail investors contributed a net inflow of 66.54 million yuan [2] - Specific stock capital flows included: - Morning Light Co. (6688809) had a net inflow of 11.21 million yuan from institutional investors [3] - Source Pet (001222) saw a net inflow of 10.59 million yuan from institutional investors [3] - Zhejiang Zhengte (001238) experienced a net outflow of 0.53 million yuan from institutional investors [3]

Core Insights - The rise of the Z generation is driving demand for trendy blind boxes, as they seek products that align with their values and provide emotional connections [2][4] - The Chinese government is implementing a regulatory framework for the trendy blind box industry, focusing on consumer protection and promoting cultural integration [7][9] Group 1: Industry Overview - Major listed companies in the trendy blind box sector include Pop Mart (09992.HK), Miniso (09896.HK), Aofei Entertainment (002292.SZ), Gaole Shares (002348.SZ), and Yuanlong Yatu (002878.SZ) [1] - The trendy blind box market is characterized by a blend of emotional companionship, nostalgia, and investment value, appealing to consumers' desire for unique designs and surprise elements [4] Group 2: Consumer Behavior - The Z generation, as internet natives, values individual expression, social recognition, and emotional connections, making trendy toys a significant part of their social currency [2] - The psychological aspects of trendy blind box consumption include emotional attachment, collection desire, and the thrill of surprise, which enhance the overall consumer experience [4] Group 3: Government Policies - The 2023 "Guidelines for Blind Box Business Conduct (Trial)" establishes a comprehensive regulatory framework for the industry, emphasizing the prohibition of illegal sales and the protection of minors [7] - The government is encouraging the integration of trendy toys with intangible cultural heritage and tourism, with initiatives like a 1 billion yuan IP overseas expansion fund aimed at increasing international revenue [7][9] Group 4: Regional Development - Various provinces and cities in China are adopting measures to promote the trendy blind box industry, including market regulation, cultural empowerment, and consumer rights protection [12]