华泰联合证券有限责任公司 关于孩子王儿童用品股份有限公司 使用部分暂时闲置的募集资金 进行现金管理的核查意见 华泰联合证券有限责任公司（以下简称"保荐机构"）作为孩子王儿童用品 股份有限公司（以下简称"孩子王"、"公司"）向不特定对象发行可转换公司 债券并在创业板上市及进行持续督导的保荐机构，根据《证券发行上市保荐业务 管理办法》《深圳证券交易所创业板股票上市规则》《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》等相关法律、法规和规范性 文件的要求，对孩子王使用部分暂时闲置的募集资金进行现金管理的事项进行了 审慎核查，并出具本核查意见。核查情况如下： 一、本次募集资金的基本情况 孩子王经中国证券监督管理委员会《关于同意孩子王儿童用品股份有限公司 向不特定对象发行可转换公司债券注册的批复》（证监许可[2023]1098 号）同意， 并经深圳证券交易所同意，向不特定对象发行 103,900.00 万元可转换公司债券， 每张面值为人民币 100 元，共计 1,039.00 万张，按面值发行。募集资金总额为人 民币 1,039,000,000.00 元，扣除发行费用后募集资金净额 1,02 ...

Financial Performance - The company's revenue for Q1 2025 reached ¥2,402,704,332.11, representing a 9.53% increase compared to ¥2,193,576,206.91 in the same period last year[5] - Net profit attributable to shareholders was ¥31,008,126.67, a significant increase of 165.96% from ¥11,658,850.40 year-on-year[5] - The net profit after deducting non-recurring gains and losses surged by 486.59% to ¥16,822,731.42, compared to ¥2,867,882.65 in the previous year[5] - Basic earnings per share increased by 157.94% to ¥0.0276, compared to ¥0.0107 in the previous year[5] - Net profit for the current period was ¥32,573,024.38, compared to ¥16,369,605.79 in the previous period, representing a growth of 99.5%[25] - The total comprehensive income for the period reached ¥32,573,024.38, compared to ¥16,369,605.79 in the previous period, indicating a significant increase[26] Cash Flow - The net cash flow from operating activities improved by 18.09% to ¥468,348,520.43, up from ¥396,609,648.91 in the same quarter last year[5] - The net cash flow from operating activities was ¥468,348,520.43, up from ¥396,609,648.91 in the previous period, reflecting a growth of approximately 18.5%[28] - The net cash flow from financing activities increased by 249.02% to ¥138,969,438.91, primarily due to increased cash from borrowings[11] - The net cash flow from financing activities was ¥138,969,438.91, a turnaround from a net outflow of ¥93,256,857.15 in the previous period[29] - Cash inflow from investment activities totaled ¥3,716,196,337.99, compared to ¥882,501,771.95 in the previous period, showing a substantial increase[28] - The company reported a net cash flow from investment activities of -¥275,800,447.10, worsening from -¥202,165,148.87 in the previous period[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,282,146,842.79, a slight increase of 0.63% from ¥9,223,881,518.22 at the end of the previous year[5] - Current assets totaled ¥5,000,798,259.22, an increase of 2.1% from ¥4,895,428,358.36 at the start of the period[20] - The company's cash and cash equivalents decreased to ¥1,385,714,175.01 from ¥1,398,364,199.30, a decline of 0.5%[20] - Long-term borrowings increased to ¥1,141,718,757.21 from ¥837,676,128.30, reflecting a significant rise of 36.3%[22] - The company's equity attributable to shareholders rose to ¥4,018,167,248.71 from ¥3,980,996,845.44, marking an increase of 0.9%[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 58,461[13] - Jiangsu Bosi Da Enterprise Information Consulting Co., Ltd. holds 22.06% of shares, totaling 277,563,504 shares[14] - Nanjing Qianmiao Nuo Investment Partnership holds 10.16% of shares, totaling 127,819,468 shares[14] - HCM KW (HK) HOLDINGS LIMITED holds 5.56% of shares, totaling 69,911,502 shares[14] - The total number of shares with limited sales at the end of the period is 10,407,000, related to equity incentive restrictions[16] - The company has a total of 12,144,010 shares under various restrictions, with 10,500 shares newly restricted this period[17] - The company has signed a supplementary agreement regarding the concerted action among major shareholders, affecting control dynamics[14] - The major shareholders include domestic and foreign entities, indicating a diverse ownership structure[14] - The company has not reported any changes in the participation of major shareholders in margin trading activities[14] - There are no applicable matters regarding preferred shareholders or changes in restricted shares[15] Operating Costs and Expenditures - Total operating revenue for the current period reached ¥2,402,704,332.11, an increase of 9.5% compared to ¥2,193,576,206.91 in the previous period[24] - Total operating costs amounted to ¥2,384,866,401.68, up from ¥2,178,472,976.58, reflecting a year-over-year increase of 9.5%[24] - The company reported a significant increase in development expenditures by 168.44% to ¥6,366,352.59, indicating increased investment in self-developed software[9] - Research and development expenses were reported at ¥7,979,823.23, a decrease from ¥9,013,300.49, indicating a reduction of 11.5%[24] - The cash outflow for purchasing goods and services was ¥1,868,630,557.43, compared to ¥1,592,703,460.52 in the previous period, reflecting an increase in operational costs[28] - The company received government subsidies amounting to ¥8,140,908.52, contributing to the overall increase in other income[6] - The company received government subsidies amounting to ¥7,289,547.59, compared to ¥2,086,555.24 in the previous period, indicating an increase[27]

孩子王（301078）公告，2025年第一季度营收为24.03亿元，同比增长9.53%；净利润为3100.81万元， 同比增长165.96%。 ...

证券代码：301078 证券简称：孩子王 公告编号：2025-032 孩子王儿童用品股份有限公司 关于 2022 年限制性股票激励计划第二类限制性股票第二个 归属期归属股份上市流通的提示性公告 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、公司 2022 年限制性股票激励计划第二类限制性股票第二个归属期归属 条件已经成就，本次满足归属条件的激励对象共计 26 人，可办理归属的第二类 限制性股票数量为 345.0960 万股，占公司目前总股本的 0.2743%。 2、本次归属的限制性股票股份上市流通日为 2025 年 4 月 25 日。 | 姓名 | 职务 | 获授的第二类限制性股票 | 占本激励计划公告日公司 | | --- | --- | --- | --- | | | | 数量（万股） | 股本总额的比例 | | 骨干人员（29人） | | 1,235.08 | 1.14% | | 合计 | | 1,235.08 | 1.14% | 注：1、上述任何一名激励对象通过全部在有效期内的股权激励计划获授的本公司股票 累计数均未超过公司总股本的 ...

孩子王儿童用品股份有限公司 关于 2022 年限制性股票激励计划第一类限制性股票第二个 解除限售期解除限售股份上市流通的提示性公告 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、公司 2022 年限制性股票激励计划第一类限制性股票第二个限售期已届 满，解除限售条件已经成就，本次符合解除限售条件的激励对象共计 271 人， 可解除限售的限制性股票数量为 529.6920 万股，占公司目前总股本的 0.4210%。 2、本次解除限售的限制性股票股份上市流通日为 2025 年 4 月 25 日。 孩子王儿童用品股份有限公司（以下简称"公司"）于 2025年 4月 21日取 得中国证券登记结算有限责任公司深圳分公司出具的《股份变更登记确认书》， 公司 2022 年限制性股票激励计划第一类限制性股票第二个解除限售期的股票解 除限售手续已经办理完毕，现将有关事项说明如下： 一、第一类限制性股票激励计划简述及授予情况 公司于 2022 年 11 月 16 日召开 2022 年第三次临时股东大会，审议通过了 《关于公司〈2022年限制性股票激励计划（草案） ...

沪指4月22日上涨0.25%，申万所属行业中，今日上涨的有17个，涨幅居前的行业为商贸零售、建筑材 料，涨幅分别为1.03%、1.02%。商贸零售行业位居今日涨幅榜首位。跌幅居前的行业为传媒、通信， 跌幅分别为1.08%、0.97%。 资金面上看，两市主力资金全天净流出193.91亿元，今日有10个行业主力资金净流入，交通运输行业主 力资金净流入规模居首，该行业今日上涨0.90%，全天净流入资金14.79亿元，其次是银行行业，日涨幅 为0.67%，净流入资金为5.46亿元。 主力资金净流出的行业有21个，计算机行业主力资金净流出规模居首，全天净流出资金34.64亿元，其 次是有色金属行业，净流出资金为26.56亿元，净流出资金较多的还有通信、电子、传媒等行业。 商贸零售行业今日上涨1.03%，全天主力资金净流入1.99亿元，该行业所属的个股共100只，今日上涨的 有68只，涨停的有9只；下跌的有31只，跌停的有2只。以资金流向数据进行统计，该行业资金净流入的 个股有49只，其中，净流入资金超5000万元的有7只，净流入资金居首的是翠微股份，今日净流入资金 1.73亿元，紧随其后的是丽尚国潮、锦和商管，净流入资 ...

保荐总结报告书 华泰联合证券有限责任公司 关于孩子王儿童用品股份有限公司 首次公开发行股票并在创业板上市 之保荐总结报告书 | 保荐机构名称 | 华泰联合证券有限责任公司 | | --- | --- | | 保荐机构编号 | Z26774000 | 一、保荐机构及保荐代表人承诺 1、保荐总结报告书和证明文件及其相关资料的内容不存在虚假记载、误导 性陈述或重大遗漏，保荐机构及保荐代表人对其真实性、准确性、完整性承担法 律责任。 2、本机构及本人自愿接受中国证券监督管理委员会（以下简称"中国证监 会"）、深圳证券交易所对保荐总结报告书相关事项进行的任何质询和调查。 3、本机构及本人自愿接受中国证监会按照《证券发行上市保荐业务管理办 法》的有关规定采取的监管措施。 二、保荐机构基本情况 | 情况 | 内容 | | --- | --- | | 保荐机构名称 | 华泰联合证券有限责任公司 | | 注册地址 | 深圳市前海深港合作区南山街道桂湾五路 128 号前海深港基金 | | | 小镇 B7 栋 401 | | 主要办公地址 | 南京市江东中路 228 号华泰证券广场 1 号楼 4 层 | | 法定代表人 | 江禹 ...

Group 1: Company Overview and Strategy - The company is involved in AI toy business and aims to provide a one-stop AI lifestyle solution for children and new families [1] - The company has established a comprehensive support system for its franchise business, focusing on six empowering capabilities [3] - The company plans to open 500 new franchise stores by 2025, with 30 already opened and over 100 in preparation [3] Group 2: Financial Performance - In 2024, the company achieved a revenue of CNY 9.337 billion, a year-on-year increase of 6.68%, and a net profit of CNY 181 million, up 72.44% [10] - The estimated net profit for Q1 2025 is between CNY 29.147 million and CNY 38.474 million, expected to increase by 150%-230% compared to the same period last year [11] - The company's gross profit margin for 2024 was 29.74%, an increase of 0.18 percentage points from the previous year [10] Group 3: Market Expansion and Product Development - The company is focusing on expanding its product categories to meet the needs of all age groups, including snacks and educational products for older children [4] - The company is transitioning from pure product sales to a "product + service" model, leveraging three service platforms [4] - The company has launched an "export to domestic sales support plan" to help foreign trade enterprises expand into the domestic market [8] Group 4: Competitive Advantages and Innovations - The company has a significant competitive advantage through its one-stop shopping experience, professional parenting services, and digital and AI capabilities [6] - The company is developing a digital management system and has built a nationwide warehouse network to enhance its logistics and supply chain efficiency [9] - The company is actively pursuing AI technology applications to create a series of intelligent products for the maternal and child market [5] Group 5: Industry Outlook and Challenges - The company is optimistic about the industry's future, citing ongoing government support for childbirth and family policies as beneficial for maternal and child consumption [10] - The company acknowledges the uncertainties in its subsidiary operations due to macroeconomic factors and technological iterations [3] - The company is committed to maintaining its market leadership by enhancing service quality and expanding its market presence [6]

华泰联合证券有限责任公司 关于孩子王儿童用品股份有限公司 2024 年年度跟踪报告 | 保荐人名称：华泰联合证券有限责任公司 | 被保荐公司简称：孩子王 | | --- | --- | | 保荐代表人姓名：鹿美遥 | 联系电话：025-8338 7689 | | 保荐代表人姓名：李琦 | 联系电话：025-8338 7691 | 一、保荐工作概述 | 项目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 0 次 | | 2.督导公司建立健全并有效执行规章制度的情况 | | | （1）是否督导公司建立健全规章制度（包括但不限 于防止关联方占用公司资源的制度、募集资金管理 | 是 | | 制度、内控制度、内部审计制度、关联交易制度） | | | （2）公司是否有效执行相关规章制度 | 是 | | 3.募集资金监督情况 | | | （1）查询公司募集资金专户次数 | 每月一次 | | （2）公司募集资金项目进展是否与信息披露文件 | | | 一致 | 是 | | 4.公司治理督导情 ...

Core Viewpoint - The financial performance of the company in 2024 shows growth in revenue and net profit, but the sustainability of this growth is questionable due to heavy reliance on a single subsidiary, Leyou International [1][2]. Financial Performance - In 2024, the company achieved a revenue of 9.337 billion yuan, representing a year-on-year increase of 6.68% [1]. - The net profit attributable to shareholders was 181 million yuan, with a significant year-on-year growth of 72.44% [1]. - The company plans to distribute a cash dividend of 0.5 yuan per 10 shares (tax included) [1]. Dependency on Leyou International - Leyou International contributed 1.0454 billion yuan to the net profit, accounting for 57.7% of the total [1]. - Excluding Leyou International, the company's original business net profit was only 76.72 million yuan, a decline of 36% compared to 2022 [1]. - Leyou International's profit commitment for 2024 was 100 million yuan, with an actual completion of 1.0454 billion yuan, indicating a completion rate of 104.4% [1]. Industry Challenges - The mother and baby retail industry is facing intense competition from traditional offline retailers and e-commerce platforms, leading to price wars and traffic competition [2]. - The overall industry is experiencing a decline in newborn birth rates, with 1.079 million related businesses being deregistered in 2023, indicating a downward trend in industry prosperity [2]. Strategic Recommendations - Optimize store structure and enhance single-store efficiency through refined operations, such as site selection and membership data analysis [3]. - Strengthen online and offline integration capabilities, exploring O2O models to reduce logistics costs and enhance repurchase rates through private traffic operations [3]. - Deepen supply chain and brand building by increasing the proportion of proprietary brands and collaborating with international brands to develop exclusive products [3]. - Monitor policy and market risks closely, preparing for potential policy benefits and enhancing ESG investments to align with changing consumer values [3]. Conclusion - The company's 2024 performance reflects initial success in strategic acquisitions and digital transformation, but challenges such as store efficiency, margin pressure, and intensified competition remain [4]. - Future strategies should focus on balancing expansion and profitability through innovative service models and supply chain optimization to solidify industry position [4].