证券代码：300785 证券简称：值得买 公告编号：2025-032 北京值得买科技股份有限公司 刘峰先生本次股份质押延期购回是根据自身资金安排进行的延期购回，不涉 及新增质押融资。截至公告披露日，刘峰先生的个人资信状况良好，具备相应的 资金偿还能力，其所持股份不存在平仓或被强制过户的风险，亦不会出现因股份 质押风险致使公司实际控制权发生变更的情形。公司将持续关注其质押情况，并 按照相关规定及时履行信息披露义务。敬请广大投资者注意投资风险。 四、备查文件 | | | 本次 | | | 是 | 是 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 是否为控 | | | | | 否 | | | | | | | 股 | | 质押 | | | 否 | | | | 延期 | | 质 | | | 股股东或 | | 占其所 | 占公司 | | 为 | 质押 | 原质 | | | | | 东 | | 的数 | | | 为 | | | | 后质 | 质权 | 押 | | | 第一大股 | | 持股份 ...

Market Performance - Pinduoduo concept stocks rose by 2.47%, ranking 8th in the concept sector's performance, with 34 stocks increasing in value [1] - Among the top gainers, Zhongyou Technology hit the daily limit with a 20% increase, while Jiacheng International, Huanlejia, and Yuanlong Yatu saw gains of 7.54%, 6.87%, and 5.54% respectively [1][5] - The stocks with the largest declines included Aiyingshi, Kaichun Co., and Xiaoxiong Electric, which fell by 2.04%, 1.47%, and 0.84% respectively [1] Concept Sector Overview - The top-performing concept sectors included Controlled Nuclear Fusion with a 5.14% increase, followed by E-sports at 3.30% and Superconducting Concept at 3.12% [2] - Conversely, sectors such as Generic Drug Consistency Evaluation and Monkeypox Concept experienced declines of 1.55% and 1.36% respectively [2] Capital Flow Analysis - The Pinduoduo concept sector saw a net inflow of 58 million yuan, with 15 stocks receiving net inflows, and 6 stocks exceeding 10 million yuan in net inflow [2] - The stock with the highest net inflow was Kuaijingtong, which attracted 73.52 million yuan, followed by Zhidema and Zhongheng Electric with net inflows of 50.41 million yuan and 30.62 million yuan respectively [2][3] Stock-Specific Performance - Kuaijingtong led the Pinduoduo concept stocks with a 5.31% increase and a turnover rate of 18.82%, along with a net inflow of 73.52 million yuan [3] - Other notable performers included Zhidema with a 2.36% increase and a net inflow of 50.41 million yuan, and Jiacheng International with a 7.54% increase and a net inflow of 27.19 million yuan [3][4]

Investment Rating - The industry investment rating is "Positive" (maintained) [2] Core Insights - The report highlights the continuous iteration of multimodal AI and the acceleration of IP industry capitalization, driven by advancements in AI applications and new consumption trends [4][5] - Major model vendors are strengthening collaborations, leading to innovations in voice models, social applications, and agents, which are expected to enhance AI application penetration and commercialization [4] - The report suggests continued investment in AI-related companies and sectors, including AI virtual companionship, AI animation/film/short dramas, AI e-commerce/advertising, and AI education [4] Industry Data Overview - The game "Brave Land" ranked first on the iOS free chart, while "Honor of Kings" topped the iOS revenue chart as of May 24, 2025 [12][16] - The film "Dumpling Queen" achieved a weekly box office of 0.51 billion, with a cumulative box office of 3.79 billion [27] - The report notes that the A-share media sector outperformed major indices in the 21st week of 2025, with the gaming sector showing strong performance [9] Industry News Summary - The report discusses the launch of the "AI Virtual Human Podcast" feature by ShengTian Network, which aims to enhance user experience in podcast creation [4][33] - The AI comic drama business of Zhongwen Online has shown significant growth, with plans to produce 300 works in 2024 [35] - Tencent Cloud has launched a new intelligent agent development platform, marking a significant upgrade in its AI infrastructure [36] Company Recommendations - Key recommendations include Tencent Holdings and Kuaishou-W for major models/agents, with Alibaba-W and Kunlun Wanwei as beneficiaries [4] - For AI virtual companionship, recommended companies include ShengTian Network and NetEase Cloud Music, with beneficiaries like Tom Cat and Shifeng Culture [4] - In the AI animation/film/short drama sector, Shanghai Film is a key recommendation, with beneficiaries including Guomai Culture and Huace Film [4]

Group 1 - Kuaishou concept stocks fell by 2.89%, ranking among the top declines in the concept sector as of May 23 [1] - The main stocks in the Kuaishou concept that experienced significant declines include *ST Tianze, which hit the daily limit down, and others like Rihua Dongfang and Aofei Entertainment [1] - The Kuaishou concept saw a net outflow of 1.398 billion yuan from main funds, with 40 stocks experiencing net outflows, and 11 stocks seeing outflows exceeding 50 million yuan [2] Group 2 - The stock with the highest net outflow was Tom Cat, with a net outflow of 283 million yuan, followed by Meiri Interactive and Aofei Entertainment with net outflows of 197 million yuan and 106 million yuan respectively [2] - The stocks with the highest net inflows included Zhidema and Haoxiangni, with net inflows of 94.575 million yuan and 15.181 million yuan respectively [4] - The Kuaishou concept's performance was notably affected by the overall market trend, with several other concept sectors also experiencing declines [2][3]

上海泽昌律师事务所 关于 北京值得买科技股份有限公司 2025年第一次临时股东会的 法律意见书 上海市浦东新区世纪大道 1589 号长泰国际金融大厦 11 层 电话：021-61913137 传真：021-61913139 邮编：200122 二〇二五年五月 上海泽昌律师事务所 法律意见书 上海泽昌律师事务所 关于北京值得买科技股份有限公司 2025 年第一次临时股东会的 法律意见书 泽昌证字 2025-01-05-02 致：北京值得买科技股份有限公司 上海泽昌律师事务所（以下简称"本所"）接受北京值得买科技股份有限公司 （以下简称"公司"）委托，就公司召开 2025 年第一次临时股东会（以下简称"本 次股东会"）的有关事宜，根据《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》）、中国证券监督管理委员会 发布的《上市公司股东会规则》（以下简称《股东会规则》）等法律、法规、规 章和其他规范性文件以及《北京值得买科技股份有限公司章程》（以下简称《公 司章程》）的有关规定，出具本法律意见书。 为出具本法律意见书，本所及本所律师依据《律师事务所从事证券法律业务 管理办法》 ...

一、会议召开情况 证券代码：300785 证券简称：值得买 公告编号：2025-030 北京值得买科技股份有限公司 2025 年第一次临时股东会决议公告 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，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东会无增加、变更、否决议案的情形； 2、本次股东会未涉及变更前次股东会决议； 3、本次股东会以现场表决与网络投票相结合的方式召开。 1、北京值得买科技股份有限公司（以下简称"公司"）2025 年第一次临时 股东会通知于 2025 年 5 月 6 日在证监会指定信息披露网站巨潮资讯网 （http://www.cninfo.com.cn）上以公告形式发出，本次股东会采取现场投票及 网络投票相结合的方式召开。 2、会议召开方式：现场表决与网络投票相结合。 3、会议召开时间： （1）现场会议时间：2025 年 5 月 22 日（星期四）下午 14:30 （2）网络投票时间：2025 年 5 月 22 日 通过深圳证券交易所交易系统进行网络投票的时间为 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 ...

关于完成独立董事补选的公告 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，没有虚假 记载、误导性陈述或重大遗漏。 北京值得买科技股份有限公司（以下简称"公司"）于 2025 年 5 月 22 日召 开的 2025 年第一次临时股东会，审议通过了《关于补选独立董事的议案》。现 将有关情况公告如下： 一、补选独立董事 2025 年 4 月 30 日，公司董事会收到独立董事黄生先生的书面辞职报告。因 个人工作原因，黄生先生申请辞去公司第四届董事会独立董事之职，同时辞去提 名委员会、审计委员会的相应职务，其辞职后将不再担任公司任何职务。黄生先 生原定任期至 2027 年 10 月 11 日即第四届董事会届满。黄生先生的辞职将导致 公司独立董事人数占董事会全体成员的比例低于三分之一，根据《公司法》等相 关法律法规和《公司章程》的规定，黄生先生的辞职报告将在公司股东会选举产 生新任独立董事填补其空缺后生效。 2025 年 5 月 22 日，公司召开 2025 年第一次临时股东会，审议通过了《关 于补选独立董事的议案》，同意补选 Jian Han （韩践）女士为第四届董事会独 立董事，并担任公司第四届董事会提名 ...

Core Insights - The article highlights the launch of the Roborock Z1 Plus washing and drying machine, which redefines the balance between efficiency and quality in high-end home appliances [1][10] - The product features advanced technology and competitive pricing, making it a preferred choice for modern households seeking quality living [4][9] Product Features - The Z1 Plus utilizes Zeo-cycle® molecular sieve low-temperature drying technology, achieving drying temperatures below 37°C, which protects delicate fabrics like wool and silk [5] - It has received dual green label certification from the International Woolmark Company, indicating the highest standard of care for high-end fabrics [5] - The machine boasts a 12KG capacity and a washing efficiency ratio of 1.2, effectively handling various stains and large laundry loads [6] Pricing and Market Position - The Z1 Plus is priced at 4,999 yuan, with promotional discounts bringing the price down to around 3,600 yuan, positioning it as a cost-effective option in the smart washing and drying market [9] - The product's features, including low-temperature drying technology and dual green label certification, provide a competitive edge over similar products in the same price range [9][10] Design and User Experience - The Z1 Plus features a sleek design with a thickness of 594mm, allowing it to fit seamlessly into standard cabinetry [7] - It includes smart functionalities such as remote control via a mobile app and automatic detergent dispensing, enhancing user convenience [9]

Summary of Conference Call Notes Industry Overview - The conference call discusses the **Chinese consumer market**, highlighting its transition into a new consumption era characterized by emotional consumption and the integration of AI applications. [1][2][5] Key Insights and Arguments - The **fifth consumption era** in China emphasizes "well-being," which includes both physical and emotional health, leading to a diversification of emotional consumption patterns, especially in first-tier cities. [1][7] - The **media sector** is positioned as a dual attribute of technology and discretionary consumption, benefiting from both new consumer trends and AI applications, which are expected to drive valuation reassessment. [1][6][10] - **Policy support** from the government is crucial in driving market growth, with a focus on urban renewal and the application of new technologies to stimulate economic activity. [1][9] - The **Japanese experience** in transitioning through consumption eras serves as a model for China, particularly in understanding consumer behavior and the importance of emotional value in purchasing decisions. [2][3][6] Emerging Trends - Emotional consumption is gaining traction as it reflects changes in social and economic cycles, aligning with the "well-being" concept introduced in Japan's fifth consumption era. [8] - The **rise of new consumer demands** in sectors such as beauty care, fitness, and card games is noted, particularly in lower-tier markets, indicating potential growth opportunities. [1][5] Important but Overlooked Content - The **impact of AI and new media** on the media sector is highlighted, with a focus on the integration of AI applications in enhancing consumer engagement and content delivery. [3][10] - The **China Securities Regulatory Commission's** policies on mergers and acquisitions are expected to invigorate the market, allowing companies to leverage strategic partnerships for growth. [3][11] - Specific **media sector companies** to watch include cinema chains like Wanda Film and Hengdian Film, as well as companies involved in IP derivatives and digital marketing, indicating a diverse investment landscape. [12][13] Conclusion - The conference call emphasizes the importance of understanding the evolving consumer landscape in China, driven by emotional values and supported by government policies, while also recognizing the potential of AI applications in reshaping the media sector. [1][2][10]

金十数据5月19日讯，消费平台"什么值得买"发布"618"年中大促预售期消费趋势。数据显示，消费者对 于"以旧换新"的热情依旧高涨，带动平台内相关关键词GMV同比增长26.37%，所覆盖的主要品类如影 音播放、生活电器、手机通讯GMV分别同比增长54.84%、44.38%和29.08%。值得一提的是，兴趣消费 成为不少消费者的购物重要驱动力。一方面，以电影、音乐会、演唱会为代表的体验类票务GMV同比 增长555.90%；另一方面，游戏硬件、户外装备和摄影摄像也分别实现同比增长300.19%、62.20%和 18.01%。 "什么值得买"发布"618"预售期消费趋势：兴趣消费当道，国补热度不减 ...