Group 1 - The childcare service sector experienced a decline of 2.82%, ranking among the top losers in the concept sector as of the market close on November 19 [1] - Notable stocks within the childcare service sector that faced significant declines include Furi Shares, which hit the daily limit down, and *ST Jinke, Tuo Wei Information, and Hailun Piano, which also saw substantial drops [1] - The sector faced a net outflow of 463 million yuan from major funds, with 14 stocks experiencing net outflows, and 5 stocks seeing outflows exceeding 30 million yuan [2] Group 2 - Tuo Wei Information led the net outflow with 186.17 million yuan, followed by Furi Shares, Jingxing Paper, and Kids Wang, which also experienced significant outflows [2] - The top net inflow stocks in the sector included Hailun Piano, Hejing Technology, and ST Yilianzhong, with inflows of 2.18 million yuan, 1.92 million yuan, and 1.81 million yuan respectively [2][3] - The trading volume for Tuo Wei Information was 5.84%, while Furi Shares had a turnover rate of 27.08%, indicating high trading activity despite the decline [2][3]

Core Insights - Helen Piano has established a new subsidiary, Ningbo Quantong Helen Intelligent Technology Co., Ltd., with a registered capital of 30 million yuan, focusing on various AI-related businesses [1] Company Summary - The new company is wholly owned by Helen Piano, indicating a strategic move to expand its operations into the artificial intelligence sector [1] - The business scope includes the development of AI application software, foundational AI software, and AI theory and algorithm software, showcasing a comprehensive approach to AI technology [1]

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]

Company Overview - Helen Piano was established on June 15, 2001, and listed on the Shenzhen Stock Exchange on June 19, 2012, with its registered and office address in Ningbo, Zhejiang Province. It is a well-known piano manufacturer in China, possessing advanced production technology and a complete industrial chain, leading in product quality and brand influence within the industry [1] Financial Performance - As of Q3 2025, Helen Piano reported operating revenue of 88.5494 million yuan, ranking 17th among 17 companies in the industry. The top company, Tianyuan Pet, had a revenue of 2.323 billion yuan, while the industry average was 684 million yuan [2] - The company's net profit for the same period was -40.7702 million yuan, placing it 15th in the industry. The leading company, Zhejiang Ziran, reported a net profit of 183 million yuan, with the industry average at 23.494 million yuan [2] Financial Ratios - Helen Piano's debt-to-asset ratio as of Q3 2025 was 37.06%, an increase from 34.30% in the previous year and above the industry average of 30.49% [3] - The company's gross profit margin for Q3 2025 was 10.25%, down from 18.16% in the previous year and significantly lower than the industry average of 23.75% [3] Executive Compensation - The chairman, Chen Hailun, received a salary of 457,200 yuan in 2024, a decrease of 50,800 yuan from 2023. The general manager, Chen Chaofeng, earned 301,500 yuan, down 33,500 yuan from the previous year [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 15.92% to 13,000, while the average number of circulating A-shares held per shareholder increased by 18.93% to 19,300 [5]

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 - Helen Piano (300329) reported a significant decline in both revenue and net profit for Q3 2025, indicating potential challenges in the company's financial performance [1] Financial Performance - The company achieved a revenue of 31.90 million yuan in Q3 2025, representing a year-on-year decrease of 12.45% [1] - The net profit for the same period was -15.43 million yuan, reflecting a substantial year-on-year decline of 638.91% [1]

Core Viewpoint - Helen Piano (300329.SZ) reported a significant decline in revenue and incurred net losses in the first three quarters of 2025 compared to the previous year [1] Financial Performance - The company's operating revenue for the first three quarters was 88.5494 million yuan, representing a year-on-year decrease of 26.38% [1] - The net loss attributable to shareholders of the listed company was 39.8584 million yuan [1] - The net loss attributable to shareholders after deducting non-recurring gains and losses was 39.7357 million yuan [1] - The basic loss per share was 0.1576 yuan [1]

Core Viewpoint - Helen Piano (300329.SZ) reported a significant decline in revenue and net profit for the first three quarters of 2025, indicating potential challenges in its financial performance [1] Financial Performance - The company achieved operating revenue of 88.5494 million yuan, a year-on-year decrease of 26.38% [1] - The net profit attributable to shareholders of the listed company was -39.8584 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -39.7357 million yuan [1] - The basic earnings per share were -0.1576 yuan [1]

Core Insights - Helen Piano reported a revenue of 31.9052 million yuan for Q3 2025, representing a year-on-year decline of 12.45% [1] - The company recorded a net loss attributable to shareholders of 15.4262 million yuan for the same quarter, with a basic earnings per share of -0.061 yuan [1] - For the first three quarters, the total revenue was 88.5494 million yuan, down 26.38% year-on-year [1] - The net loss attributable to shareholders for the first three quarters was 39.8584 million yuan, with a basic earnings per share of -0.1576 yuan [1]

证券代码：300329 证券简称：海伦钢琴 公告编号：2025-035 海伦钢琴股份有限公司 第六届监事会第十二次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 经审核，《公司 2025 年第三季度报告》符合《公司法》《证券法》《上 市公司信息披露管理办法》等相关规定，报告内容真实、准确、完整地反映了 公司 2025 年第三季度的经营情况，不存在任何虚假记载、误导性陈述或者重 大遗漏。 《公司 2025 年第三季度报告》的具体内容详见同日刊登在中国证监会指 定信息披露网站巨潮资讯网（http://www.cninfo.com.cn）公告。 表决结果：3 票赞成、0 票反对、0 票弃权。 海伦钢琴股份有限公司（以下简称"公司"）第六届监事会第十二次会议 通知于 2025 年 10 月 15 日以传真、邮件、专人送达等方式发出，会议于 2025 年 10 月 28 日以现场表决方式召开，会议由陆小明先生主持，本次会议应出席 监事 3 名，实际出席会议监事 3 名。会议的召集和召开符合《公司法》和《公 司章程》的有关规定。 经与会监事认真审议，会议形成 ...