宁波创源文化发展股份有限公司 2024 年年度报告商誉减值 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 2024 年度商誉减值测试报告 一、是否进行减值测试 是 □否 二、是否在减值测试中取得以财务报告为目的的评估报告 是 □否 | 资产组名称 | 评估机构 | 评估师 | 评估报告编号 | 评估价值类型 | 评估结果 | | --- | --- | --- | --- | --- | --- | | 禾源纺织品 | | | | | 包含商誉的资产 | | | 银信资产评估有 | | 银信评报字 | | 组于评估基准日 | | | 限公司 | 丁晓宇、邱越 | （2025）第 | 可收回金额 | 的可收回金额为 | | | | | D00025 号 | | 人民币 6,700.00 | | | | | | | 万元 | 三、是否存在减值迹象 | 资产组名称 | 是否存在减值 | 备注 | 是否计提减值 | 备注 | 减值依据 | 备注 | | --- | --- | --- | --- | --- | --- | --- | | | 迹象 | | | | | | | 禾源纺织品 ...

证券代码：300703 证券简称：创源股份 公告编号：2025-022 宁波创源文化发展股份有限公司 关于召开 2024 年度股东大会的通知 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，没有虚假 记载、误导性陈述或重大遗漏。 根据宁波创源文化发展股份有限公司（以下简称"公司"）第四届董事会第 六次会议决议，公司决定于 2025 年 5 月 13 日（星期二）下午 2:00 召开 2024 年 度股东大会，本次股东大会将采取现场投票与网络投票相结合的表决方式，现将 有关事项通知如下： 一、 召开会议基本情况 1、会议届次：宁波创源文化发展股份有限公司 2024 年度股东大会 2、会议召集人：公司董事会 3、会议召开的合法、合规性：经公司第四届董事会第六次会议决议通过《关 于召开 2024 年度股东大会的议案》，本次股东大会会议的召开符合上市公司相 关法律、行政法规、部门规章、规范性文件和《宁波创源文化发展股份有限公司 章程》的有关规定。 6、股权登记日：2025 年 5 月 8 日（星期四） 7、会议出席对象 （1）截止 2025 年 5 月 8 日（星期四）下午收市时在中国证券登记结算公司 深圳 ...

证券代码：300703 证券简称：创源股份 公告编号：2025-013 宁波创源文化发展股份有限公司 第四届监事会第五次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、监事会召开情况 宁波创源文化发展股份有限公司（以下简称"公司"）第四届监事会第五次 会议于 2025 年 4 月 18 日在本公司会议室以现场的方式召开。会议通知于 2025 年 4 月 8 日以电子邮件方式发出。会议应到监事 3 人，实到监事 3 人。 会议由监事会主席宋彦玲女士主持。全体监事以记名投票方式表决。本次会 议的召开符合《公司法》及《公司章程》等有关规定。 二、监事会会议审议情况 1、审议通过《关于<2024 年度监事会工作报告>的议案》 监事会根据 2024 年的工作情况编制了《2024 年度监事会工作报告》。 具体内容详见同日刊登在中国证监会指定创业板信息披露网站巨潮资讯网 （http://www.cninfo.com.cn）上的《2024 年度监事会工作报告》。 表决结果：3 票同意、0 票反对、0 票弃权，此议案获得通过。 本议案尚需提交 2024 年度股 ...

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，没有虚假 记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 1、宁波创源文化发展股份有限公司（以下简称"公司"）第四届董事会第六 次会议（以下简称"本次董事会会议"）通知于 2025 年 4 月 8 日以电子邮件方式 发出。 2、本次董事会会议于 2025 年 4 月 18 日在公司会议室以现场及通讯方式召 开，其中董事蒋建峰先生、胡力明先生、程晓民女士以通讯方式参会。 3、本次董事会会议应出席董事 9 名，实际出席会议的董事 9 名。会议由董 事长任召国先生主持，公司监事、高级管理人员列席了会议。 4、本次董事会会议的召开和表决程序符合《公司法》等法律法规和《公司 章程》的规定。 证券代码：300703 证券简称：创源股份 公告编号：2025-012 宁波创源文化发展股份有限公司 第四届董事会第六次会议决议公告 二、董事会会议审议情况 1、审议通过《关于<2024 年度董事会工作报告>的议案》 公司《2024 年度董事会工作报告》具体内容详见公司同日在中国证监会指 定创业板信息披露网站巨潮资讯网（http://www.cninfo.com.cn） ...

Group 1 - The cultural and creative toy concept has seen a strong initial performance, with stocks such as Huali Technology, Jinghua Laser, Hongxing Shares, Yuanlong Yatu, and Guangbo Shares reaching the daily limit [1] - Other companies like Boshinlong, Jinyun Laser, and Chuangyuan Shares have increased by over 10% [1] - Card Game Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with Morgan Stanley, CICC, and JPMorgan as joint sponsors [1] Group 2 - According to data from Zhi Shi Consulting, Card Game ranks first in both the Chinese pan-entertainment product industry and the pan-entertainment toy industry in 2024 [1] - The market share of the collectible card game segment held by Card Game is as high as 71.1% [1]

Investment Rating - The report assigns a "Buy" rating to the company, with a target market value of 3.4 billion yuan, indicating an upside potential of 25% based on a comparable company average PE of 25x for 2025 [8]. Core Insights - The company focuses on educational supplies exports, expanding into cross-border e-commerce and IP cultural and creative businesses, leveraging its strong R&D and supply chain management capabilities [7][17]. - The educational supplies export business is a stable growth foundation, with a projected revenue increase driven by product upgrades and market demand shifts [21]. - The company is expected to achieve significant growth in its domestic IP cultural and creative business, supported by partnerships and resource integration from Ningbo Cultural Tourism [45][49]. - The cross-border e-commerce segment for fitness equipment is experiencing rapid growth, capitalizing on the trend of home fitness in the U.S. market [7][21]. Financial Data and Profit Forecast - The company forecasts total revenue of 1.36 billion yuan in 2023, with a projected increase to 2.18 billion yuan by 2025, reflecting a CAGR of 22.3% [6]. - The net profit attributable to the parent company is expected to grow from 77 million yuan in 2023 to 137 million yuan in 2025, with a CAGR of 24.7% [6]. - The earnings per share are projected to rise from 0.42 yuan in 2023 to 0.76 yuan in 2025 [6]. Business Segments - The company operates primarily in three segments: educational supplies (64% of revenue), fitness equipment (22%), and lifestyle products (5%) [21]. - The educational supplies segment includes a diverse product matrix, while the fitness equipment segment is rapidly increasing its market share [21][18]. - The company has shifted towards a higher proportion of its own brands (OBM), which now account for 23% of revenue, up from 1% in 2015 [21]. Market Trends - The global educational supplies market is projected to grow steadily, with a CAGR of 5.2% from 2024 to 2030, driven by product upgrades and changes in office environments [51]. - The domestic market for IP cultural and creative products is expected to expand significantly, influenced by consumer preferences for design and brand collaborations [10][45]. - The U.S. home fitness equipment market has seen substantial growth, with sales increasing from 2.2 billion USD in 2019 to 4.7 billion USD in 2021, indicating strong consumer demand [7][21].

2025 年 03 月 29 日 创源股份 (300703) ——文教用品出口为基石，跨境电商和 IP 文创打开空间 上 市 公 司 轻工制造 报告原因：首次覆盖 买入（首次评级） 一年内股价与大盘对比走势： 03-28 04-28 05-28 06-28 07-28 08-28 09-28 10-28 11-28 12-28 01-28 02-28 -100% 0% 100% 200% 创源股份 沪深300指数 (收益率) 相关研究 证券分析师 屠亦婷 A0230512080003 tuyt@swsresearch.com 魏雨辰 A0230525010001 weiyc@swsresearch.com 联系人 魏雨辰 (8621)23297818× weiyc@swsresearch.com | 市场数据： | 2025 年 03 月 28 日 | | --- | --- | | 收盘价（元） | 15.05 | | 一年内最高/最低（元） | 21.50/6.93 | | 市净率 | 3.2 | | 息率（分红/股价） | 1.00 | | 流通 A 股市值（百万元） | 2,553 | | 上证指数/ ...

企查查股权穿透显示，该公司由创源股份等共同持股。 人民财讯3月18日电，企查查APP显示，近日，浙江源脉文化科技有限公司成立，法定代表人为何鹏， 注册资本1000万元，经营范围包含：汽车装饰用品销售；智能无人飞行器销售；显示器件销售；食用农 产品批发等。 ...

宁波创源文化发展股份有限公司 投资者关系活动记录表 证券代码：300703 证券简称：创源股份 | 投资者关系活动类别 | 特定对象调研 | ☐分析师会议 | | --- | --- | --- | | | ☐媒体采访 | ☐业绩说明会 | | | ☐新闻发布会 | ☐路演活动 | | | ☐现场参观 | | | | 其他（ 线上策略会） | | | | 甬兴证券 应豪 | | | | 甬兴证券 黄伯乐 | | | | 甬兴证券 林致 | | | | 华桐创投 徐夏铭 | | | | 华桐创投 俞马金 | | | | 来为资本 谢寅烜 | | | | 国盛传媒 顾晟 | | | | 天风证券 都春竹 | | | | 汇盈基金 林昱明 | | | | 国寿安保基金 王蕴涵 | | | | 远东宏信 戴家玥 | | | 参与单位名称及人员姓名 | 易方达基金 赵辰 | | | | 德邦证券 易丁依 | | | | 新华基金 成斐昳 | | | | 金鹰基金 谭亚兰 | | | | 农银汇理基金 许悦 | | | | 海富通基金 赵晨凯 | | | | 国泰君安 刘佳昆 | | | | 建信基金 李树磊 | | ...

Investment Rating - The investment rating for the company is maintained as "Buy" with a target price not specified [5] Core Viewpoints - The success of "Nezha 2" with a cumulative box office exceeding 10 billion yuan is expected to catalyze the company's IP business and the "Guzi" economy, indicating a growing importance of domestic IP [1] - The company is actively developing its own brands in the domestic market, leveraging regional supply chain advantages and creating a multi-channel retail system [2] - The sports and fitness segment, led by the subsidiary RITFIT, is experiencing high growth, with a focus on home fitness equipment and a strong emphasis on brand development [3] - The major shareholder, Ningbo Cultural Tourism Exhibition Group, holds a 29% stake and aims to enhance the company's brand development through its resources [2] Financial Data and Forecasts - The company’s revenue is projected to grow from 1,318.67 million yuan in 2022 to 3,120.97 million yuan by 2026, reflecting a compound annual growth rate (CAGR) of approximately 30.32% [4] - The net profit attributable to the parent company is expected to increase significantly from 74.94 million yuan in 2022 to 208.34 million yuan in 2026, with a notable growth rate of 691.65% in 2023 [4] - The company’s earnings per share (EPS) is forecasted to rise from 0.42 yuan in 2022 to 1.15 yuan in 2026 [4] Market Position and Strategy - The company is focusing on integrating suitable IP resources to enhance its brand development and is leveraging the major shareholder's resources to explore more IP opportunities [2] - The global home fitness equipment market is projected to grow at a CAGR of 5%, reaching 16.56 billion USD by 2030, positioning the company favorably within this expanding market [3]