Summary of Key Points Core Viewpoint - The company has decided to postpone the expected completion dates for several fundraising investment projects due to various external and internal factors affecting the investment progress, while maintaining the original investment amounts and project contents [3][6][9]. Group 1: Fundraising Overview - The company raised a total of RMB 1,098,161,380.00 from the public offering of 21,082,000 shares at a price of RMB 52.09 per share, with the funds deposited in a designated account as of May 14, 2020 [1]. - A tripartite supervision agreement was signed with the underwriting institution and a bank to manage the raised funds [1]. Group 2: Project Status and Adjustments - The company has adjusted the expected completion dates for the following projects: - "Upgrading and Expanding the Performing Arts Lighting Equipment Production Base" and "Domestic Marketing and Product Display Platform Upgrade" to December 31, 2027 - "Phase II Expansion of the Performing Arts Lighting Equipment Production Base" to December 31, 2027 [4][5]. - The total amount of funds used for these projects as of June 30, 2025, is RMB 60,165.12 million, with a total commitment of RMB 99,771.34 million [5]. Group 3: Reasons for Delay - The delay is attributed to economic adjustments, slower growth rates, and uncertainties in international trade, which have impacted the investment process and project timelines [6]. - The company has taken a cautious approach in planning the use of raised funds, considering the actual needs and market conditions [6]. Group 4: Impact of Delay - The postponement of project timelines does not alter the total investment amounts, project contents, or implementation entities, and is not expected to have a significant impact on the company's current operations [6][9]. - The board of directors and independent directors have approved the delay, affirming that it aligns with the company's development plans and regulatory requirements [8][9].

广州市浩洋电子股份有限公司 2025 年半年度报告全文 广州市浩洋电子股份有限公司 2025 年半年度报告 2025-042 2025 年 8 月 1 广州市浩洋电子股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 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，并承担 个别和连带的法律责任。 公司负责人蒋伟楷、主管会计工作负责人许凯棋及会计机构负责人(会计 主管人员)许凯棋声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本半年度报告涉及的未来计划、发展战略等前瞻性描述不构成公司对投 资者的实质承诺，敬请广大投资者理性投资，注意风险。公司在本报告"第 三节管理层讨论与分析"之"十、公司面临的风险和应对措施"部分，详细 描述了公司经营中可能存在的风险及应对措施，敬请投资者关注相关内容。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 第一节 重要提示、目录和释义 | 2 | | --- | --- | | 第二节 公司简介和主要财务指标 | 7 ...

广州市浩洋电子股份有限公司章程 广州市浩洋电子股份有限公司 章 程 1 | | | 广州市浩洋电子股份有限公司章程 第一章 总则 第一条 为维护广州市浩洋电子股份有限公司（以下简称"公司"）、股东、 职工和债权人的合法权益，规范公司的组织和行为，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》"）和其他法律、法规和规范性文件的有关规定，制定本章程。 第二条 公司系依照《公司法》及其他有关规定成立的股份有限公司。 公司由蒋伟楷、蒋伟洪、蒋伟权、林苏 4 名自然人作为发起人，并由广州浩 洋电子有限公司整体变更设立的股份有限公司，在广州市工商行政管理局注册登 记，并取得营业执照，统一社会信用代码为：914401137711795473。 第三条 公司于 2020 年 4 月 24 日经中国证券监督管理委员会（以下简称"中 国证监会"）批准，首次向社会公众发行人民币普通股 2,108.20 万股，于 2020 年 5 月 20 日在深圳证券交易所创业板上市。 第四条 公司中文名称： 广州市浩洋电子股份有限公司。 英文名称：GUANGZHOU HAOYANG E ...

二、关于 2025 年半年度控股股东及其他关联方占用公司资金和公司对外担 保情况的审核意见 一、关于 2025 年半年度募集资金存放、管理与使用情况的专项报告的审核 意见 经核查，2025 年半年度公司募集资金的存放和使用符合中国证监会、深圳证 券交易所关于上市公司募集资金存放和使用的相关规定，不存在违规使用募集资 金的行为，不存在改变或变相改变募集资金投向和损害股东利益的情况。 根据中国证券监督管理委员会《上市公司监管指引第 8 号——上市公司资金 往来、对外担保的监管要求》及《深圳证券交易所上市公司自律监管指引第 2 号—创业板上市公司规范运作》等规定和要求，我们基于客观、独立的判断，坚 持科学严谨的工作态度，对报告期内控股股东及其他关联方占用公司资金、公司 对外担保情况进行了认真的了解和核查，发表如下独立意见：报告期内，公司不 存在控股股东及其他关联方非经营性占用公司资金的情况；截至报告期末，公司 不存在为控股股东、实际控制人及其他关联方、任何法人单位或个人提供担保的 情形。 三、关于募集资金投资项目延期的审核意见 广州市浩洋电子股份有限公司 第四届董事会独立董事专门会议 2025 年第一次会议 审核意 ...

Summary of Conference Call Records Industry Overview - The focus is on the furniture industry, particularly in the context of U.S. import tariffs and the impact of Federal Reserve interest rate expectations on market dynamics [1][4][5]. Key Points and Arguments 1. **Interest Rate Expectations**: - Market expectations for a Federal Reserve rate cut have significantly increased, with a 94% probability for a September cut and an expectation of 2.2 cuts within the year [1][2]. - By the end of 2026, the anticipated number of cuts has risen to 5.3 [2]. 2. **Impact of Tariff Investigations**: - The Trump administration announced a tariff investigation on imported furniture to boost domestic manufacturing, which initially caused stock price declines for U.S. furniture companies reliant on imports [4]. - Despite this, the expectation of interest rate cuts has mitigated some negative impacts, with some companies' stock prices recovering above pre-announcement levels [4]. 3. **Chinese Manufacturers' Competitive Edge**: - U.S. dependence on furniture imports remains high, particularly in labor-intensive segments, allowing Chinese manufacturers to maintain a competitive advantage due to cost-effectiveness [5]. - A potential surge in exports is expected in the next 50 days as companies rush to ship products before potential tariffs take effect [5]. 4. **Investment Opportunities**: - Companies with domestic production capabilities, such as Mengbaihe and Aili Home, are expected to benefit from potential tariff advantages [1][6]. - Firms with strong alpha characteristics and low valuations, like Jiangxin Home, are also recommended for investment [1][6]. 5. **Export Chain Recovery Logic**: - The recovery logic for the export chain includes product differentiation, valuation recovery due to reduced tariff risks, and new business opportunities [3][8]. - Export leaders are projected to achieve a PEG valuation of 1 to 1.5 times, indicating a potential upside of over 30% for some companies [3][9]. 6. **High Growth Companies**: - Companies like Jieja Co. and Nobon Co. have shown significant growth despite industry pressures, indicating a potential turning point in performance [10]. - Future growth is anticipated for companies such as Zhejiang Nature and Jieya Co. due to optimistic growth forecasts [11]. 7. **New Drivers for Valuation Improvement**: - New factors such as the development of proprietary brands and merger/acquisition expectations are expected to enhance company valuations [12]. - Companies in stable sectors, like pet products, are highlighted for their growth potential post-tariff pressures [12]. 8. **Main Lines of Recent Recovery**: - The recent recovery in the export sector is driven by reasonable PEG valuations, high growth opportunities following performance turning points, and new drivers from brand development and acquisitions [13]. Other Important Insights - The furniture industry is facing a critical period with potential tariff impacts, but the long-term competitive landscape for Chinese manufacturers remains strong due to their cost advantages and product development capabilities [5][7]. - The overall sentiment suggests that while short-term challenges exist, the long-term outlook for companies with strong fundamentals and innovative capabilities remains positive [13].

Group 1 - The core viewpoint of the articles highlights the booming concert economy, which has significantly boosted the performance of companies in the entertainment and related sectors [1][2][3] - Haoyang Co., a leading global stage lighting company, reported a revenue of 709 million yuan in the first half of 2023, representing a year-on-year increase of 24.16%, and a net profit of 223 million yuan, up 27.12% year-on-year [1] - The concert industry has seen a remarkable recovery, with a 400.86% increase in performance events and a 673.49% rise in ticket revenue in China during the first half of 2023 [2] Group 2 - The concert economy is driven by the increasing disposable income of residents and the upgrading of cultural consumption, particularly among the younger generation [3] - Companies like Zhouming Technology and Leyard also reported growth, with Zhouming achieving a revenue of 3.299 billion yuan, up 4.21%, and a net profit of 221 million yuan, up 81.33% [2] - Companies are actively expanding their presence in the concert sector, with Haoyang Co. focusing on developing products tailored to domestic market needs [3]

| 办公及联 | 广州市番禺区石碁镇海涌路 109 号 | 广州市番禺区石碁镇莲运一横路 | 18 号 | | --- | --- | --- | --- | | 事项 系地址 | 变更前 | 变更后 | | 证券代码：300833 证券简称：浩洋股份 公告编号：2025-040 广州市浩洋电子股份有限公司 关于变更公司办公及联系地址的公告 本公司及董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。 广州市浩洋电子股份有限公司（以下简称"公司"）因经营发展需要，近 日公司办公及联系地址迁至广州市番禺区石碁镇莲运一横路 18 号，为方便投资 者与公司的交流与联系，现将办公及联系地址变更情况公告如下： 除上述变更外，公司联系电话、传真、电子邮箱等其他投资者联系方式均 未发生变化，变更后的办公及联系地址自本公告日起正式启用，敬请广大投资者 注意。 特此公告。 广州市浩洋电子股份有限公司 董事会 2025 年 8 月 8 日 ...

| 证券代 | 证券简 | 今日涨跌幅 | 今日换手率 | 年线 | 最新价 | 乖离率 | | --- | --- | --- | --- | --- | --- | --- | | 码 | 称 | （%） | （%） | （元） | （元） | （%） | | 688766 | 普冉股 | 7.79 | 5.03 | 64.60 | 68.94 | 6.72 | | | 份 | | | | | | | 300679 | 电连技 术 | 8.00 | 4.36 | 47.49 | 50.50 | 6.34 | | 300045 | 华力创 | 6.25 | 8.30 | 20.24 | 21.25 | 4.99 | | | 通 | | | | | | | 600238 | *ST椰岛 | 4.93 | 3.25 | 7.03 | 7.23 | 2.85 | | 300761 | 立华股 | 2.54 | 0.92 | 19.35 | 19.79 | 2.29 | | | 份 | | | | | | | 000703 | 恒逸石 化 | 2.13 | 0.30 | 6.09 | 6.22 | 2.09 | | ...

Core Insights - The Chinese concert ticketing market is experiencing rapid growth, with ticket sales expected to exceed 26 billion in 2024, representing a year-on-year increase of 78.1% [4] - The secondary ticket market plays a crucial role in redistributing ticket resources, providing additional purchasing avenues for consumers unable to secure tickets through primary sales [1][2] Group 1: Market Dynamics - The ticketing market consists of a primary market with fixed pricing and a secondary market characterized by dynamic pricing, allowing for price fluctuations based on demand [1][2] - The secondary market enhances consumer satisfaction and market vibrancy by addressing supply-demand imbalances, particularly for popular events [1] Group 2: Industry Growth - The concert ticketing market is projected to grow significantly, with the number of attendees surpassing 29 million in 2024, marking a 45.0% increase year-on-year [4] - Major ticketing platforms like Maoyan and Damai are reporting substantial growth in gross merchandise volume (GMV), with Maoyan's concert ticketing GMV increasing by approximately 90% and Damai's revenue reaching 2.057 billion, up 236% [5][7] Group 3: Regulatory Challenges - Despite regulatory efforts to curb ticket scalping and refund issues, challenges remain, with reports indicating that publicly available tickets for some concerts are less than 50% of total ticket sales [9] - The 2023 regulations mandate real-name ticket purchases and entry, but enforcement and compliance issues persist, leading to ongoing consumer complaints [9][11] Group 4: Consumer Complaints - The primary complaint in the online ticketing sector is related to refund issues, accounting for 56.94% of complaints, followed by unfair terms at 19.44% [11][14] - Recommendations include improving legal frameworks for refunds, enhancing consumer awareness of rights, and increasing penalties for scalping to maintain market order [14]

Group 1 - Guangzhou Haoyang Electronics Co., Ltd. has obtained a patent for a cooling system based on phase change heat transfer, specifically for stage lights, with the patent number CN223090604U and application date of July 2024 [1] - The cooling system includes a heat-absorbing substrate that is in close contact with a heat source, a heat-dissipating substrate forming a phase change cavity, and a phase change working fluid located within the cavity [1] - The system utilizes microstructures on the inner wall of the cavity to facilitate heat transfer from the heat-absorbing substrate to the heat-dissipating substrate, ultimately dissipating heat through a radiator [1] Group 2 - Guangzhou Haoyang Electronics Co., Ltd. was established in 2005 and is primarily engaged in other manufacturing industries, with a registered capital of 126.49 million RMB [2] - The company has made investments in 8 enterprises and participated in 226 bidding projects, holding 47 trademark registrations and 1,034 patent registrations [2] - Additionally, the company possesses 51 administrative licenses [2]