Financial Performance - The company's gross profit margin increased from 19.15% in the previous year to 27.21% in 2024, with the core business gross margin reaching 42.68% [2][13]. Revenue Structure - The revenue structure shifted from 83.85% landscape design in 2020 to 52.16% in 2024, while the "child-friendly" cultural tourism business rose to 40.37% [2][6]. Project Highlights - In Q1 2025, the company won bids for projects totaling approximately CNY 12.75 billion, including a CNY 3.7 million bid for urban renewal in Luoyang and a CNY 300 million cultural tourism project in Quzhou [2][7]. IP Development - The company established an IP company, Shenzhen Aoya Luota Technology Co., to develop its own IP, aiming to leverage high visitor traffic and design talent [2][3]. Business Model - The business model focuses on both B-end and C-end operations, with plans to enhance revenue through free traffic from parks and backend operations [3][6]. Future Growth Plans - The company aims to increase the revenue share of its core businesses, including urban renewal and child-friendly tourism, to 85% over the next three years [8][9]. AI Integration - The company has implemented AI tools to enhance project efficiency, reducing planning time from two weeks to a few hours for complex projects [10][11]. Market Trends - The child-friendly tourism market is expected to grow significantly, with the government promoting child-friendly city initiatives and the children's consumption market estimated at CNY 3.9 trillion to CNY 5.9 trillion annually [18][19].

Core Viewpoint - The event "2025 Ninth China Listed Company Brand Value List Release Conference" aims to explore brand elevation paths in the context of digital transformation, with a focus on the evolution of companies like Aoya Co., Ltd. [1] Group 1: Company Transformation - Aoya Co., Ltd. has successfully transformed from a single design company to a light-asset cultural tourism development and operation enterprise, covering innovative design, children's products, cultural tourism development, AGI, and digital art [1][3] - The company has completed over 4,000 projects nationwide and has established more than 30 branches in cities including Shenzhen, Shanghai, Beijing, and Los Angeles, with an international team of over 1,000 industry elites [4] Group 2: Strategic Development - In 2023, Aoya entered the 4.0 era, positioning itself as a leading asset appreciation service provider and family cultural tourism brand operator, utilizing a "dual-driven + dual-engine" development model [5] - The company has launched a city cultural tourism renewal model that uses intelligent algorithms to analyze asset issues and provide efficient solutions for urban renewal, rural revitalization, and cultural heritage [5] Group 3: IP Commercialization - Aoya's subsidiary, JoyKey, focuses on IP matrix incubation, development, and commercialization, creating a closed-loop ecosystem of "IP + scene + operation" to enhance competitiveness in the cultural and entertainment market [5] - The company aims to emulate the "IP + experience" model of Pop Mart, striving to build a billion-dollar ecosystem and drive cross-industry development in IP commercialization [5]

证券代码：300949 证券简称：奥雅股份 公告编号：2025-039 深圳奥雅设计股份有限公司 关于使用部分闲置募集资金进行现金管理的进展公告 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。 深圳奥雅设计股份有限公司（以下简称"公司"）于 2025 年 1 月 2 日召开 第四届董事会第七次会议、第四届监事会第六次会议，审议通过了《关于使用部 分闲置募集资金进行现金管理的议案》，同意公司在不影响募投项目建设和正常 生产运营的前提下，使用不超过人民币 2.2 亿元的闲置募集资金（含超募资金） 进行现金管理，用于适时购买安全性高、流动性好、期限最长不超过 12 个月的 理财产品，在上述额度范围内，资金可循环使用。使用期限自本次董事会审议通 过之日起 12 个月内有效。具体内容详见公司在巨潮资讯网（www.cninfo.com.cn） 披露的《关于使用部分闲置募集资金进行现金管理的公告》（公告编号：2025- 004）。 近期，公司在上述使用期限及额度内，使用部分闲置募集资金购买理财产品， 现就具体情况公告如下： 一、理财产品主要情况 | 序号 | 委托方 | 受 ...

Core Viewpoint - Shenzhen Aoya Design Co., Ltd. (Aoya Shares) is undergoing a transformation period, facing challenges but also showing signs of recovery in its financial performance, particularly in cash flow generation and reduced losses in Q1 2025 [1][2]. Financial Performance - In 2024, Aoya Shares reported revenue of 413 million yuan and a net loss attributable to shareholders of 282 million yuan [1]. - For Q1 2025, the company achieved revenue of 88.92 million yuan, with a net loss of 9.33 million yuan, indicating a year-on-year reduction in losses and a 94.77% decrease in losses compared to Q4 2024 [1]. - The net cash flow from operating activities for Q1 2025 was 33.77 million yuan, marking a positive turnaround compared to the previous year [1]. Business Strategy and Development - Aoya Shares' core business includes "creative design + parent-child tourism," leveraging an "AI + IP" dual-engine strategy to expand its industry focus [2]. - The year 2024 marks the beginning of the "Aoya 4.0-AIPO (AI, IP, Product, Operation) era," with over 70% of revenue coming from the synergistic contributions of urban renewal and parent-child tourism [2]. - The company invested over 100 million yuan in various self-branded projects, including multiple children's parks and exploration centers across several cities [2]. Market Position and Future Goals - The revenue share from the "child-friendly" tourism and comprehensive business has increased to 40.37% [2]. - Aoya Shares aims to increase the revenue contribution from strategic businesses like urban renewal and Aoya Children's to 85% over the next three years, establishing a nationwide layout with "north-south linkage and urban-rural coordination" [2].

Core Insights - The company reported a revenue of 413 million yuan for the year 2024 and 88.92 million yuan for the first quarter of 2025 [1] - The company aims to create a better living environment through a dual-driven model of creative design and parent-child cultural tourism, focusing on various sectors including innovative design, digital technology, and comprehensive operational services [1][2] Revenue Structure - The revenue structure has shifted from 83.85% in landscape design in 2020 to 52.16% in 2024, while the share of parent-child cultural tourism has increased to 40.37% [1] - The company has established a strong presence in vocational education, planning, and consulting services, enhancing its core business capabilities [1] Project Wins - In early 2025, the company secured multiple significant projects, including the urban renewal project in Luolong District, Henan, with a total investment of approximately 1.275 billion yuan and a contract amount exceeding 37 million yuan [1][2] - The company also led a consortium for the construction project of the Quzhou Ancient City Cultural Tourism Area, with a total investment of around 300 million yuan [1][2] Strategic Focus - The company plans to replicate and promote its successful experiences in urban renewal, rural revitalization, child-friendly initiatives, cultural heritage, and digital technology across five key areas [2] - The company aims to maximize economic and social benefits through an integrated management approach, utilizing a new model combining O+EPC+IP+O [2] Market Performance - The luxury residential project, Chongqing Jinmao Puyin, launched by the company, achieved sales of 360 million yuan on its opening day, with a sell-through rate of 90% [2] - The first batch of large units was sold out immediately, marking a significant sales milestone in the Chongqing real estate market [2] Business Model Innovation - The company will continue to explore value extraction in its ToC business model through innovations in cultural tourism operations, education training, and research services [3] - Efforts will be made to enhance operational product capabilities through various initiatives such as cultural markets, carnivals, and night tours [3]

Core Viewpoint - Shenzhen Aoya Design Co., Ltd. reported significant changes in financial indicators for the year 2024, with net profit declining by 59.79% and financial expenses increasing by 481.09%, attracting market attention [1] Financial Performance Overview - In 2024, the company achieved operating revenue of 412,623,599.18 yuan, a decrease of 13.77% compared to the previous year [2] - The net profit attributable to shareholders was -282,078,584.27 yuan, a decline of 59.79% year-on-year, with basic earnings per share dropping to -4.7 yuan, down 59.86% [2] - The decline in performance was attributed to tightened government finances, sluggish macroeconomic recovery, project delays or cancellations, budget cuts, and intensified industry competition [2] Expense Analysis - Sales expenses decreased by 22.63% to 50,774,074.53 yuan, while management expenses fell by 12.57% to 100,479,044.54 yuan [3] - Financial expenses surged by 481.09% to 2,800,001.40 yuan, primarily due to increased loan interest [3] - Research and development expenses rose by 27.61% to 30,875,179.26 yuan, indicating a focus on technological innovation [3] Cash Flow Situation - The net cash flow from operating activities was -21,637,875.64 yuan, an improvement of 81.56% year-on-year [4] - The net cash flow from investing activities increased by 161.74% to 64,381,668.83 yuan, mainly due to the redemption of financial products [4] - The net cash flow from financing activities was -35,268,457.55 yuan, a decline of 122.30% year-on-year, primarily due to bank loan repayments [4] Key Financial Indicators - The company's profitability significantly declined, with a net profit of -282,078,584.27 yuan and a net profit margin of -68.36%, down from -36.89% the previous year [5] - The gross profit margin improved from 19.15% to 27.21%, indicating some success in cost control [5] Solvency Analysis - The asset-liability ratio at the end of 2024 was 42.62%, up from 36.97% the previous year, indicating increased debt pressure [6] - The current ratio was 1.65 and the quick ratio was 1.55, both lower than the previous year, suggesting weakened short-term solvency [6] Operational Efficiency - The accounts receivable turnover rate was 1.03 times, slightly down from 1.08 times, indicating slower collection of receivables [7] - The inventory turnover rate decreased to 6.09 times from 6.63 times, reflecting reduced efficiency in inventory management [7] Business Segment Analysis - The landscape design business generated revenue of 215,214,184.02 yuan, a decrease of 14.88%, but the gross profit margin improved to 42.68% [9] - The comprehensive cultural tourism business reported revenue of 166,578,195.66 yuan, down 14.41%, with a slight increase in gross profit margin to 9.77% [10] Market Challenges - Increased competition in the industry has led to pressure on the company's business execution and project timelines, necessitating improvements in core competitiveness [11] - Significant losses from private equity investments have impacted net profit, highlighting weaknesses in investment risk management [12] - Rising financial expenses due to increased loan interest indicate growing debt pressure and challenges in cash flow management [13] Future Outlook - Despite challenges, the company is taking measures to improve profitability and cash flow, with a focus on cost reduction and efficiency [14] - The strategic framework includes a dual focus on "creative design + family tourism" and "AI + IP," aiming for business transformation and innovation [14] - Recent project wins in early 2025 provide a foundation for future revenue growth, but ongoing attention to market dynamics and risk management is essential [14]

Core Viewpoint - In 2024, Aoya Co., Ltd. (300949.SZ) reported a revenue of 413 million yuan, a year-on-year decrease of 13.77%, primarily due to the impact of government fiscal tightening and macroeconomic pressures leading to project delays and cancellations [1][2]. Financial Performance - The company experienced a significant improvement in operating cash flow, with net outflow reduced by 81.56% [3]. - The core business gross margin stood at 42.68%, placing Aoya in the top tier of the industry [5]. Business Strategy - Aoya's core business includes "creative design + parent-child cultural tourism," leveraging an "AI + IP" dual-engine strategy to navigate through industry challenges [1][3]. - The company aims to become a leading service provider for stock asset appreciation and a brand operator in parent-child cultural tourism [5]. Market Position and Opportunities - Aoya has successfully bid for key urban renewal projects, such as the comprehensive development of the Guanyin community in Henan, which is expected to boost regional annual output value by over 2 billion yuan [5][6]. - The urban renewal business has surpassed traditional business in contract value contribution, aligning with national development trends [6]. Innovation and Technology - Aoya has introduced the "Aoya Urban Cultural Tourism Renewal Model," a multi-modal large model focused on urban cultural tourism design, enhancing operational efficiency [10][12]. - The company has increased R&D investment by nearly 30% in 2024, emphasizing AI as a core driver of its strategy [11]. IP Development - Aoya established JoyKey Culture to manage IP incubation and commercialization, aiming to create a sustainable business model around IP [13][15]. - The "Luo Jia Children's" brand has expanded to over 250 projects across 50 cities, serving more than a million families [9]. Future Outlook - The company targets a revenue contribution of 85% from strategic businesses like urban renewal and Luo Jia Children's over the next three years [9]. - Aoya's strategic focus on integrating IP with cultural tourism is expected to redefine user experiences and enhance market competitiveness [16].

Core Insights - In 2024, the company faced significant challenges in the capital market, leading to a revenue decline of 13.77% to 413 million yuan, but maintained a robust financial structure with a core business gross margin of 42.68% and an 81.56% reduction in operating cash flow outflow [1][2] - The company successfully optimized its revenue structure, with the landscape design business's share decreasing from 83.85% in 2020 to 52.16% in 2024, while the cultural tourism business's share increased to 40.37% [2] - The company has made significant strides in AI technology, with the Urban Flow platform enhancing project efficiency and reducing planning cycles from weeks to hours [3] Revenue Structure Optimization - The company's revenue structure has become more balanced, with over 70% of revenue coming from the collaboration between urban renewal and family tourism businesses [2] - The creative design business has excelled in urban renewal, with contract amounts surpassing traditional business, and the family tourism segment has expanded to over 250 projects across more than 50 cities, achieving a 42% year-on-year revenue increase [2] - The company invested over 100 million yuan in self-branded projects, aiming for profitability this year [2] AI and IP Development - The Urban Flow 3.0 model integrates extensive project experience and resources, significantly improving operational efficiency [3] - The establishment of Yueqi Culture marks the company's entry into the international IP market, transitioning from project-based models to independent brand operations [3] - Successful integration of AI and IP has been demonstrated in projects like the Guangzhou Children's Park, where AI reduced design time by 60% and increased foot traffic by 30% in the first month of a themed pop-up store [3] Project Wins and Future Outlook - In Q1 2025, the company secured major projects, including a 300 million yuan investment in the Qizhou Yanjia Yu Island project and a 1.275 billion yuan urban renewal project, showcasing its strength in managing large-scale projects [4] - The company expressed optimism about overcoming market challenges and is positioned for growth following a period of adversity [4]

| 报告概述 | | 2 | | --- | --- | --- | | 第一节 | 应对气候变化 | 3 | | 第二节 | 能源利用 | 6 | | 第三节 | 水资源利用 | 8 | | 第四节 | 乡村振兴 | 11 | | 第五节 | 社会贡献 | 14 | | 第六节 | 创新驱动 | 20 | | 第七节 | 供应链安全 | 25 | | 第八节 | 产品和服务安全与质量 | 28 | | 第九节 | 数据安全与客户隐私保护 | 30 | | 第十节 | 员工 | 32 | | 第十一节 | 尽职调查 | 34 | | 第十二节 | 利益相关方沟通 | 36 | | 第十三节 | 反商业贿赂及反贪污 | 37 | | 第十四节 | 反不正当竞争 | 41 | | 附录：《深圳市证券交易所上市公司自律监管指引第 | 17 号——可持续发展报告（试 | | | 行）》内容索引 | | 42 | 报告概述 一、报告概况 本报告根据公司 2024 年度履行社会责任、推进实现可持续发展方面的具体 情况而编制。 本报告披露的信息和数据来源于公司统计报告和正式文件，并通过相关部门 审核。 七、指代说明 二、编 ...

深圳奥雅设计股份有限公司 关于计提资产减值准备及核销坏账的公告 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。 一、本次计提资产减值准备情况概述 深圳奥雅设计股份有限公司（以下简称"公司""本公司"）根据《企业会 计准则》《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》相关规定，为了更加真实、准确地反映截至 2024 年 12 月 31 日的财务 状况和资产价值，基于谨慎性原则，公司对 2024 年 12 月 31 日合并报表范围内 的各类资产进行了全面清查和减值测试。公司 2024 年度相关资产计提资产减值 准备情况如下： 证券代码：300949 证券简称：奥雅股份 公告编号：2025-038 金额单位：人民币元 | 项目 | 本期计提金额 | | --- | --- | | 1、信用减值损失 | 57,931,052.59 | | 其中：应收账款 | 58,674,206.66 | | 其他应收款 | -1,031,212.50 | | 应收票据 | 29,894.25 | | 长期应收款 | 243,680.90 | | 一年 ...