Group 1 - The company has launched official flagship stores on Taobao for its brands, including Kidswant and LeYou, as well as its own brands Beite Beihu and Chuyi Meng children's clothing [1] - The company's physical stores have also joined the Taobao Flash Purchase platform, expanding its online presence [1]

Group 1 - The company, Kid King (301078.SZ), has announced its multi-channel deployment on WeChat Mini Programs and WeChat Stores [1]

Market Overview - On February 4, the professional chain sector increased by 0.3% compared to the previous trading day, with Ai Ying Shi leading the gains [1] - The Shanghai Composite Index closed at 4102.2, up 0.85%, while the Shenzhen Component Index closed at 14156.27, up 0.21% [1] Stock Performance - Ai Ying Shi (603214) closed at 18.26, with a rise of 1.78% and a trading volume of 78,500 shares, amounting to a transaction value of 144 million yuan [1] - Yuan Shi De (002416) closed at 12.96, up 0.78%, with a trading volume of 157,800 shares and a transaction value of 203 million yuan [1] - Hai Zi Wang (301078) closed at 10.96, up 0.46%, with a trading volume of 398,800 shares [1] - Tian Yin Holdings (000829) closed at 10.35, up 0.10%, with a trading volume of 147,300 shares and a transaction value of 152 million yuan [1] - Bo Shi Eye Glasses (300622) closed at 30.10, down 0.10%, with a trading volume of 54,400 shares and a transaction value of 163 million yuan [1] - Hua Zhi Jiu Hang (300755) closed at 17.58, down 0.40%, with a trading volume of 188,900 shares [1] - Ji Feng Technology (300022) closed at 8.11, down 0.73%, with a trading volume of 131,200 shares [1] Capital Flow - The professional chain sector saw a net inflow of 23.47 million yuan from institutional investors, while retail investors experienced a net outflow of 39.90 million yuan [1] - The capital flow for individual stocks shows that Hai Zi Wang had a net outflow of 26.31 million yuan from institutional investors, while Ai Ying Shi had a net inflow of 15.01 million yuan [2] - Yuan Shi De had a net inflow of 11.15 million yuan from institutional investors, while Bo Shi Eye Glasses experienced a net outflow of 16.16 million yuan [2]

证券代码：301078 证券简称：孩子王 公告编号：2026-009 孩子王儿童用品股份有限公司 （一）会议召开时间 1、现场会议召开时间为：2026 年 2 月 2 日下午 14:30。 2、网络投票时间：2026 年 2 月 2 日。 其中通过深圳证券交易所交易系统进行网络投票的具体时间为：2026 年 2 月 2 日 9:15-9:25，9:30-11:30，13:00-15:00； 通过深圳证券交易所互联网投票系统投票的具体时间为：2026 年 2 月 2 日 9:15 至 15:00 的任意时间。 2026 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、 误导性陈述或者重大遗漏。 特别提示： 1、本次股东会未出现否决议案的情形； 2、本次股东会不涉及变更前次股东会决议。 一、会议召开和出席情况 （二）召开地点：江苏省南京市江宁区沧波门南街 108 号 T2 孩子王 17 楼 1708 室。 （三）召开方式：本次会议采取现场表决与网络投票相结合的方式召开。 现场投票：股东本人出席现场会议或者委托他人出席现场会议行使表决权； 网络投票：公司通过深圳证 ...

北京市汉坤律师事务所 关于 孩子王儿童用品股份有限公司 2026年第一次临时股东会 的 法律意见书 中国北京市东长安街 1 号东方广场 C1 座 9 层 100738 电话：(86 10) 8525 5500；传真：(86 10) 8525 5511 / 8525 5522 北京 上海 深圳 海口 武汉 香港 新加坡 纽约 硅谷 www.hankunlaw.com 北京市汉坤律师事务所 法律意见书 北京市汉坤律师事务所 关于孩子王儿童用品股份有限公司 汉坤（证）字[2026]第 22219-7-O-1 号 2026年第一次临时股东会的法律意见书 汉坤（证）字[2026]第22219-7-O-1号 致：孩子王儿童用品股份有限公司 北京市汉坤律师事务所（以下简称"本所"）接受孩子王儿童用品股份有限公司 （以下简称"公司"或"孩子王股份"）委托，指派本所律师对公司 2026 年第一次临时 股东会（以下简称"本次股东会"）进行法律见证。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》"） 等有关法律、法规和规范性文件以及《孩子王儿童用品股份有限公司章程》（以下 ...

Market Overview - On February 2, the professional chain sector declined by 0.72% compared to the previous trading day, with Tianyin Holdings leading the decline [1] - The Shanghai Composite Index closed at 4015.75, down 2.48%, while the Shenzhen Component Index closed at 13824.35, down 2.69% [1] Individual Stock Performance - Huazhi Wine Industry (300755) closed at 17.32, up 2.85% with a trading volume of 218,400 shares and a transaction value of 381 million [1] - Kids King (301078) closed at 10.80, up 0.84% with a trading volume of 462,200 shares and a transaction value of 504 million [1] - Aizhi Room (603214) closed at 17.76, up 0.06% with a trading volume of 58,900 shares and a transaction value of 10.6 million [1] - Doctor Glasses (300622) closed at 29.65, down 1.30% with a trading volume of 76,700 shares and a transaction value of 231 million [1] - Aishide (002416) closed at 12.61, down 1.48% with a trading volume of 226,400 shares and a transaction value of 289 million [1] - Jifeng Technology (300022) closed at 8.06, down 2.77% with a trading volume of 111,800 shares and a transaction value of 90.7 million [1] - Tianyin Holdings (000829) closed at 10.13, down 3.06% with a trading volume of 212,200 shares and a transaction value of 219 million [1] Capital Flow Analysis - The professional chain sector experienced a net outflow of 3.58 million from main funds, while retail funds saw a net inflow of 15.05 million [1] - Individual stock capital flows showed varied trends, with Kids King (301078) having a main fund net inflow of 33.33 million, while Tianyin Holdings (000829) faced a net outflow of 19.86 million from main funds [2] - Doctor Glasses (300622) had a significant net outflow of 12.21 million from main funds, while retail investors contributed a net inflow of 6.26 million [2]

（文章来源：证券日报） 证券日报网讯 2月2日，孩子王在互动平台回答投资者提问时表示，首先，股价波动受到宏观经济、市 场环境、市场流动性、投资者预期等多方面因素的影响；其次，公司将持续抓好经营管理和投资发展， 推动经营质量的提升，从而不断提升公司的内在投资价值。 ...

览富财经网讯：1月30日，中国证监会公布最新一期《境外发行上市备案补充材料要求》，本周国际司 共对6家企业出具补充材料要求，其中对在2025年12月11日，向港交所主板递交上市申请书的孩子王儿 童用品股份有限公司（简称：孩子王），证监会要求其需补充说明三项事项且需律师核查并出具明确的 法律意见。 三、请说明全额行使超额配售权后的预计募集资金量。 一、请说明你公司及下属公司已从事增值电信业务的起始时间、具体内容及持证情况，外资持股比例上 限规定，以及本次发行上市后持续符合外商投资准入政策要求的具体依据。 二、请以通俗易懂的语言详述你公司业务模式及涉及AI大模型的具体情况，包括应用场景、具体功能 等。 具体事项为： ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued supplementary material requirements for overseas listing applications from 15 companies, focusing on compliance with foreign investment policies and operational legality [1][2][3]. Group 1: Supplementary Material Requirements - For Kid Wang, the company must clarify the start date and specifics of its value-added telecommunications services, foreign ownership limits, and compliance with foreign investment policies post-listing [5]. - For Qianli Technology, the company needs to provide updates on the transfer of shares related to the agreement with Lifan Holdings and confirm compliance with the Shanghai Stock Exchange [9]. - For Nanjing Qingtian, the company is required to align its listing plan with regulatory guidelines and disclose details about significant litigation [14]. Group 2: Compliance and Legal Opinions - For Zhenqu Technology, the company must explain the legality of shareholding arrangements and provide a list of past capital increases and share transfer prices, ensuring no irregularities exist [24]. - For Dafeng Gardening, the company needs to justify the establishment of a new listing entity in the Cayman Islands and confirm compliance with foreign investment reporting obligations [38]. - For Chengyi Biology, the company must clarify the shareholding structure and any potential changes in control, as well as the implications of special shareholder rights [40]. Group 3: Business Operations and Models - For Kid Wang, the company is required to describe its business model and the specific applications of AI large models [6]. - For Qianli Technology, the company must detail its business operations, including data processing and whether it complies with foreign investment restrictions [10]. - For Nanjing Qingtian, the company is asked to explain its involvement in AI large models and the operational status of its online platforms [15].

Investment Rating - The report maintains an "Accumulate" rating for the industry [5] Core Insights - The retail sector is expected to show varied performance in Q4 2025, with significant growth in certain segments like gold and jewelry, while others like supermarkets and department stores are projected to decline [1][2][4] - The report highlights the importance of the upcoming Spring Festival season, suggesting that sectors with performance elasticity, such as duty-free shops and certain tourist attractions, should be closely monitored [9] - The report emphasizes the potential of AI applications in enhancing e-commerce marketing, indicating a shift towards new retail strategies [9] Summary by Relevant Sections Retail Sector Outlook - Gold and Jewelry: - Lao Feng Xiang: Expected net profit growth of -15% to 5% in Q4 2025 - Zhou Da Sheng: Expected net profit growth of 15% to 30% in Q4 2025 - Chao Hong Ji: Forecasted net profit of 1.2 to 2.2 billion, with a year-on-year increase of 125% to 175% - Cai Bai Co.: Expected net profit growth of 150% to 254% in Q4 2025 - Yu Garden Co.: Forecasted loss of 4.312 billion in Q4 2025, compared to a loss of 1.03 billion in the same period last year [1] - Trendy Toys: - Miniso: Expected revenue growth of 25% to 30% in Q4 2025, with adjusted net profit growth of 10% to 20% [1] Supermarkets and Department Stores - Chongqing Department Store: Expected net profit of 1.021 billion, a decline of 22.4% year-on-year, with a projected drop of 92.5% in Q4 2025 - Wangfujing: Expected net profit loss of 0.45 to 0.23 billion, with a growth rate of -6.6% to 7.3% in Q4 2025 - Yonghui Supermarket: Expected loss of 2.14 billion, with a net profit growth rate of -3.1% in Q4 2025 - Home Home Joy: Expected net profit of 198 to 228 million, with a growth rate of 50.1% to 72.8% in Q4 2025 [2] Cross-Border and E-commerce - Small Commodity City: Expected net profit growth of 5% to 15% in Q4 2025 - Anker Innovation: Expected net profit growth of 10% to 20% in Q4 2025 - Su Mei Da: Expected net profit of 1.355 billion, with a growth rate of 70.8% in Q4 2025 [3] Social Services Sector Outlook - Duty-Free: China Duty-Free Group: Expected net profit growth of 29% to 173% in Q4 2025 - Tourism: - Songcheng Performance: Expected net profit growth of -204% to 294% in Q4 2025 - Jiuhua Tourism: Expected net profit growth of 0% to 15% in Q4 2025 [4] Investment Recommendations - The report recommends focusing on sectors with performance elasticity during the Spring Festival, including duty-free, certain tourist attractions, and gold and jewelry [9] - For 2026, the report suggests looking at service consumption and product consumption, particularly in duty-free and travel chains, as well as undervalued segments with improving fundamentals [9]