1．本次股东大会无否决议案的情况。 2．本次股东大会未涉及变更前次股东大会决议的情形。 证券代码：300703 证券简称：创源股份 公告编号：2025-024 宁波创源文化发展股份有限公司 2024 年度股东大会决议的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有存在虚假 记载、误导性陈述或重大遗漏。 特别提示： 一、会议召开和出席情况 （一）会议召开情况 1、会议时间： 现场会议时间：2025 年 5 月 13 日下午 2:00。 通过深圳证券交易所交易系统进行网络投票的时间为：2025 年 5 月 13 日上午 9:15-9:25，9:30-11:30，下午 1:00-3:00； 通过深圳证券交易所互联网投票系统投票的时间为：2025 年 5 月 13 日上午 9:15– 下午 3:00 期间的任意时间。 2、会议召开地点：宁波市北仑区人民北路 688 号二楼会议室。 3、会议召开方式：本次股东大会采用现场表决与网络投票相结合的方式召开。 公司股东应选择现场表决、网络投票中的一种方式，如果同一表决权出现重复投票表 决的，以第一次有效投票表决结果为准。 4、会议召集人：公司董事会 5、 ...

Group 1: Financial Performance - The revenue growth for 2024 and 2025 is attributed to the increase in traditional cultural and educational leisure sectors, as well as the growth in the sports and fitness segment, primarily driven by the cross-border e-commerce business of the subsidiary, Ruitfei [2] - In 2024, Ruitfei's revenue is approximately 470 million, contributing to the company's total revenue of 1.94 billion [3] Group 2: Business Strategy and Market Expansion - The company plans to actively explore non-US markets and restructure its global supply chain and marketing system [3] - The company has not yet established a partnership with Pop Mart but remains open to suitable collaboration opportunities within the industry [2] Group 3: Product Development and Innovation - The core sectors of the company are cultural and educational leisure, and sports and fitness, with a focus on enhancing domestic market penetration and increasing online sales through its official website [3] - The company aims to establish a product research institute in 2025, focusing on the integration of IP, technology, and cultural creativity [3] Group 4: Support and Resources - The cultural tourism exhibition group, as a major shareholder, provides multi-faceted support in terms of talent, IP, and channels to aid the company's growth [3] - The company targets high-quality talent from prestigious universities for key positions in the product research institute, while also utilizing specialized recruitment plans to fill professional talent gaps [3] Group 5: Market Resilience and Challenges - The impact of tariff changes on the company's export business is difficult to assess accurately; however, the Southeast Asia production layout enhances cost control and supply chain stability [3] - The cross-border e-commerce business has shown resilience due to its pricing power and brand strength, with some products ranking highly on Amazon [3]

Group 1: Business Strategy and Market Response - The company has diversified its business into To B (education and leisure) and To C (fitness) segments, mitigating tariff impacts through a production base in Vietnam, which generated revenue of 334 million CNY in 2024 [2][3] - The company plans to actively explore non-US markets and restructure its global supply chain and marketing systems in response to trade tensions [3] - The company has established a product research institute to develop proprietary products, with the AI module 1.0 successfully developed and 2.0 in progress [3] Group 2: Financial Performance - The company reported a 40% revenue growth in Q1 2025, driven primarily by the education and fitness segments, with the subsidiary Ruitfei's revenue increasing nearly 100% [3] - The gross margin of the education and leisure segment has improved, contributing to the overall revenue growth [3] Group 3: Product Development and Market Position - The fitness segment has established brand recognition in the home fitness equipment market, with several products ranking first in their category on Amazon [3] - The company has opened its first offline experience store in the US in April 2025, enhancing brand competitiveness and pricing power [3][4] Group 4: Future Plans and Capacity Expansion - The Vietnam production base is not yet at full capacity, and the company plans to build a new facility in northern Vietnam to further increase production capacity [3] - The company aims to gradually implement price increases in the fitness segment, starting with small batches [3]

Market Overview - As of April 29, the Shanghai Composite Index closed at 3286.65 points, down by 1.76 points, with a decline of 0.05% [1] - The Shenzhen Component Index closed at 9849.80 points, down by 5.39 points, also a decline of 0.05% [1] - The ChiNext Index closed at 1931.94 points, down by 2.52 points, reflecting a decrease of 0.13% [1] Stock Performance - A total of 66 A-shares had a turnover rate exceeding 20% on this day, with C Zhongjie having a turnover rate of over 50%, indicating significant trading activity [1] - The top stocks by turnover rate included: - C Zhongjie (301560) with a closing price of 41.30 yuan and a turnover rate of 50.65%, increasing by 3.48% [1] - Hongqiang Co. (002809) with a closing price of 13.01 yuan and a turnover rate of 39.31%, rising by 9.97% [1] - Hongbaoli (002165) with a closing price of 12.70 yuan and a turnover rate of 38.87%, increasing by 5.39% [1] - Shaoyang Hydraulic (301079) with a closing price of 28.02 yuan and a turnover rate of 38.25%, up by 4.94% [1] - Hongjing Technology (301396) with a closing price of 81.78 yuan and a turnover rate of 36.97%, rising by 8.00% [1] Additional Notable Stocks - Other notable stocks with high turnover rates included: - Nanfang Road Machinery (603280) with a turnover rate of 36.56%, closing at 23.90 yuan, down by 6.60% [1] - Changhua Chemical (301518) with a turnover rate of 34.68%, closing at 20.60 yuan, down by 1.86% [1] - Fuheng New Materials (832469) with a turnover rate of 34.23%, closing at 16.80 yuan, increasing by 15.07% [1] - Xibang Intelligent (301112) with a turnover rate of 33.77%, closing at 29.87 yuan, up by 13.83% [1] - United Chemical (301209) with a turnover rate of 33.36%, closing at 98.00 yuan, increasing by 18.19% [1]

Core Viewpoint - The A-share market shows a slight decline with the Shanghai Composite Index closing at 3294.02 points, below the five-day moving average, indicating a market correction trend [1]. Group 1: Market Performance - The total trading volume of A-shares reached 7286.82 billion yuan today [1]. - The Shanghai Composite Index experienced a change of -0.03% [1]. Group 2: Stocks Exceeding Five-Day Moving Average - A total of 293 A-shares have surpassed the five-day moving average today [1]. - Notable stocks with significant deviation rates include: - Xinjin Power (300157) with a deviation rate of 13.12% and a daily increase of 19.92% [2]. - Yintu Network (835508) with a deviation rate of 10.41% and a daily increase of 13.08% [2]. - Lechuang Technology (430425) with a deviation rate of 7.81% and a daily increase of 11.04% [2]. - Other stocks with smaller deviation rates that just crossed the five-day moving average include: - InSai Group, Dongpeng Beverage, and Zhongke Magnetic [1].

Group 1 - The core point of the article highlights a significant surge in the stock price of Chuangyuan Co., which increased by over 10% [1] - Other companies in the cultural and creative IP sector, such as Gaole Co., Huali Technology, Baixinglong, and Jinghua Laser, also experienced stock price increases [1] - The news mentions that Pop Mart, listed on the Hong Kong stock exchange, saw its stock price rise over 10%, reaching a historical high and surpassing 190 HKD [1] Group 2 - Pop Mart achieved a notable ranking, reaching first place on the US App Store shopping chart and fourth on the overall chart [1]

证券代码：300703 证券简称：创源股份 宁波创源文化发展股份有限公司 投资者关系活动记录表 答: 公司于 2025 年年初已公告将依托子公司新加坡创源对 越南北部及东南亚的其他地区进行生产布局。目前完成 ODI 程 序，正动态评估国际政经环境波动的潜在影响。基于供应链韧性 升级需求，公司计划推进全球供应链重构，具体规划将结合实际 情况推进。 3.目前越南已有的产能在产能利用率方面是什么水平？未 来有进一步提升的弹性空间吗？ 答:越南生产基地 2024 年的营业收入为 3.34 亿元，目前尚 未触及饱和状态，有进一步的增长潜力。因此，我们正积极着手 在越南南部地区扩大产能。 4.关税加征后对公司各个业务，订单出货的情况影响如 何？和下游客户协商关税分摊的比例？ 答: 公司出口业务涵盖文教休闲、生活家居及运动健身 主 要为跨境电商业务）三大领域，其中文教休闲和生活家居主要针 对 B 端市场，运动健身类的跨境电商业务则直接触达 C 端消费 者。面对关税变动，公司业务影响尚难准确评估。尽管文教休闲 板块受冲击，但公司在东南亚的产能布局增强了成本控制和供 应链稳定性，客户订单部分转移至东南亚。 跨境电商业务得益于自 ...

Summary of the Conference Call for Chuangyuan Co., Ltd. Company Overview - **Company**: Chuangyuan Co., Ltd. - **Industry**: Cultural and Creative Exports, Fitness Equipment, and Home Living Products Key Points Financial Performance - In 2024, Chuangyuan Co. achieved a revenue growth of 40% year-on-year, reaching 1.94 billion yuan, with a net profit increase of 218%, amounting to 108 million yuan [2][3] - The fitness equipment e-commerce business, Weitefei, experienced a remarkable growth of 138% in 2024 and is expected to continue doubling in 2025 [2][3] Business Segments - The company operates in three main segments: - Cultural and Educational Leisure (Revenue: 1.2 billion yuan) - Fitness Equipment (Revenue: 475 million yuan) - Home Living (Revenue: 120 million yuan) [2][4] - The cultural and educational leisure segment is primarily based in Vietnam and Anhui, while home living is based in Ningbo, and fitness equipment relies mainly on external procurement [2][4] Production and Supply Chain - Chuangyuan plans to expand production in Northern Vietnam and other Southeast Asian regions, although international conditions require careful monitoring [2][4][5] - The company aims to restructure its global supply chain to optimize production and mitigate the impact of tariffs [2][4][5] Tariff Impact and Strategy - The impact of tariff increases on the company is difficult to assess accurately; however, the Southeast Asia layout has provided production advantages, leading some clients to shift procurement to this region [2][6] - Weitefei plans to implement a phased price increase strategy to counteract tariff impacts, leveraging its brand strength to maintain competitive advantages [2][8] Market Expansion - Weitefei is actively expanding into international markets, including Germany and Japan, with plans to increase the proportion of sales through its official website and open offline experience stores [2][9][10] - The company has successfully entered markets such as Mexico, the Philippines, and Hong Kong, showcasing its brand's internationalization [2][10] Future Growth and Product Development - The company is optimistic about the sustained growth of its export OEM business, driven by both existing and new customer orders [2][14] - Chuangyuan is focusing on developing new IP collaborations and enhancing its product offerings through a dedicated research team [2][21][22][23] Challenges and Considerations - The company acknowledges potential challenges in the cultural export OEM sector, particularly regarding the feasibility of production returning to the U.S. due to product complexity and labor costs [2][20] - The overall market conditions and tariff implications will significantly influence the company's performance in 2025 [2][35] Financial Outlook - The company aims to maintain a positive growth trend, although the uncertainty surrounding tariffs poses challenges for forecasting [2][35] - Sales expenses have increased, primarily due to advertising and commission costs associated with cross-border e-commerce, particularly on platforms like Amazon [2][30][31] Conclusion - Chuangyuan Co. is positioned for growth through strategic international expansion, product innovation, and a focus on optimizing its supply chain amidst challenging market conditions. The company's ability to navigate tariff impacts and leverage its brand strength will be crucial for its continued success in the coming years [2][35]

Group 1 - The core viewpoint is that Chuangyuan Co., Ltd. (300703) has not raised prices in the first quarter of the cross-border e-commerce sector to address tariff risks, but plans to implement gradual price increases in small batches in the future [1]

Group 1: Company Operations and Production - The Vietnam factory, established in 2019, is projected to reach a production capacity of CNY 330 million by 2024, but has not yet achieved full capacity [3] - A new production base is planned in northern Vietnam for 2025, indicating a potential increase in capacity in Southeast Asia [3] - The company aims to enhance efficiency at the Vietnam base through technical personnel assignments and upgrades in mechanization and automation [6] Group 2: Intellectual Property (IP) Development - The company plans to continue collaboration on existing IP and develop new IP matrices, including national style and overseas IP, in 2025 [3] - A product research institute has been established to leverage over 20 years of R&D experience for developing proprietary products [3] Group 3: Sales and Distribution Channels - Domestic sales will utilize a combination of online and offline channels, with over 500 established offline outlets including boutique bookstores and chain stores [3] - The company directly engages with end customers, avoiding intermediaries to better gather feedback for product optimization [3] Group 4: Financial Performance - In Q1 2025, revenue growth was primarily driven by the cultural and recreational sector and the sports fitness sector, with the subsidiary Ruitfei's revenue nearly doubling [4] - The gross margin in the cultural and recreational sector has increased, contributing to overall rapid growth [4] Group 5: Cross-Border E-commerce - Ruitfei's cross-border e-commerce business has seen significant growth, with plans to expand into non-US markets, including Europe and Japan, where revenue is expected to double in 2024 compared to 2023 [5] - The company has not raised prices in Q1 2025 to counteract tariff risks but plans to implement gradual price increases [5] Group 6: Future Outlook and Investments - The company plans to maintain or increase R&D investments, emphasizing the importance of research capabilities for future growth [8] - A dividend of CNY 1.5 per 10 shares is planned for the 2024 fiscal year, with future distributions dependent on operational performance [8]