证券代码：301078 证券简称：孩子王 公告编号：2026-003 孩子王儿童用品股份有限公司 关于公司 2026 年度日常关联交易预计的公告 （一）日常关联交易概述 孩子王儿童用品股份有限公司（以下简称"公司"）于 2026 年 1 月 9 日召 开第四届董事会第五次会议，审议通过《关于公司 2026 年度日常关联交易预计 的议案》，预计公司及子公司 2026 年度将与关联人发生总金额不超过 2,122.50 万元的日常关联交易，关联董事汪建国、徐卫红对该议案回避表决。公司全体独 立董事召开了独立董事专门会议并审议通过该议案。 根据《深圳证券交易所创业板股票上市规则》《公司章程》《关联交易管理 制度》等相关规定，本次年度日常关联交易预计事项在董事会审议权限范围内， 无需提交股东会审议。 | | | | 关联交 | | 年 2025 | | --- | --- | --- | --- | --- | --- | | 关联交易类别 | 关联人 | 关联交易类别 | 易定价 原则 | 年预 2026 计金额 | 月 1-11 发生金 | | | | | | | 额 | | 向关联方销售 商品或服务 | 山东星贝 ...

孩子王儿童用品股份有限公司（以下简称"公司"）于 2026 年 1 月 9 日召 开第四届董事会第五次会议，审议通过了《关于变更公司注册地址、注册资本、 经营范围及修订<公司章程>并办理工商变更登记的议案》。现将有关情况公告 如下： 证券代码：301078 证券简称：孩子王 公告编号：2026-002 孩子王儿童用品股份有限公司 关于变更公司注册地址、注册资本、经营范围及修订《公司 章程》并办理工商变更登记的公告 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、 误导性陈述或者重大遗漏。 2025 年 11 月 11 日，公司 2022 年限制性股票激励计划第一类限制性股票因 个人原因离职，公司取消其激励对象资格并回购注销其已获授但尚未解除限售的 第 一 类 限 制 性 股 票 157,290 股 ， 具 体 内 容 详 见 公 司 披 露 于 巨 潮 资 讯 网 （http://www.cninfo.com.cn）上的《关于部分第一类限制性股票回购注销完成的 公告》（公告编号：2025-091）。 经上述变更后，公司总股本变更为 1,261,202,616 股，公司注册资本变更为 1 ...

证券代码：301078 证券简称：孩子王 公告编号：2026-004 孩子王儿童用品股份有限公司 关于公司不动产贷款抵押的公告 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、 误导性陈述或者重大遗漏。 公司的经营发展造成不利影响，不会损害公司及股东特别是中小股东的利益。 一、基本情况 孩子王儿童用品股份有限公司（以下简称"公司"）于 2024 年 5 月 31 日召 开第三届董事会第二十五次会议和第三届监事会第十九次会议，审议通过了《关 于购买资产暨关联交易的议案》，具体内容详见公司披露于巨潮资讯网（http:// www.cninfo.com.cn）上的《关于购买资产暨关联交易的公告》（公告编号：202 4-064）。为支付本次购买资产的部分款项，公司向银行申请办理了贷款，截至 目前，公司已取得该资产的不动产权证。 根据金融机构的相关要求，公司需为上述贷款以自有资产提供抵押，公司于 2026 年 1 月 9 日召开第四届董事会第五次会议，审议通过了《关于公司不动产 贷款抵押的议案》，同意公司办理贷款相关抵押手续。 | 使用权人 | 权证号 苏（2025）宁江不动产 | 坐落 江宁区 ...

证券代码：301078 证券简称：孩子王 公告编号：2026-005 孩子王儿童用品股份有限公司 关于召开 2026 年第一次临时股东会的通知 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。 孩子王儿童用品股份有限公司（以下简称"公司"）于 2026 年 1 月 9 日 召开第四届董事会第五次会议，审议通过了《关于提请召开 2026 年第一次临 时股东会的议案》，会议决定于 2026 年 2 月 2 日召开公司 2026 年第一次临时 股东会，现将会议的有关事项通知如下： 一、召开会议的基本情况 1、股东会届次：2026 年第一次临时股东会 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《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》等法律、行政法规、部门规章、规范性文件及《公 司章程》的有关规定。 4、会议时间： （1）现场会议时间：2026 年 2 月 2 日 14:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间 为 2026 年 2 ...

证券代码：301078 证券简称：孩子王 公告编号：2026-001 孩子王儿童用品股份有限公司 关于第四届董事会第五次会议决议的公告 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、 误导性陈述或者重大遗漏。 一、董事会会议召开情况 孩子王儿童用品股份有限公司（以下简称"公司"）第四届董事会第五次 会议于 2025 年 12 月 31 日以书面、电子邮件形式向公司全体董事发出会议通知 及会议材料，于 2026 年 1 月 9 日通过现场会议及通讯方式召开并做出董事会决 议。本次董事会会议应出席董事 8 名，实际出席董事 8 名。会议由董事长汪建 国先生召集并主持。本次会议的召集、召开和表决程序符合《中华人民共和国 公司法》《中华人民共和国证券法》等相关法律法规以及《孩子王儿童用品股 份有限公司章程》（以下简称"《公司章程》"）等制度的有关规定，会议合 法有效。 二、董事会会议审议情况 （一）审议通过《关于变更公司注册地址、注册资本、经营范围及修订<公 司章程>并办理工商变更登记的议案》 根据《公司法》《证券法》等相关法律法规，并结合公司实际情况，公司 拟对《公司章程》中的部分条款进行 ...

Group 1 - The core viewpoint of the news is that the stock price of Kid King has shown a positive trend, with a 5.50% increase since the beginning of the year and a 7.89% increase over the past 20 trading days [2] - As of January 9, the stock price reached 10.94 CNY per share, with a market capitalization of 13.798 billion CNY and a trading volume of 607 million CNY [1] - The company reported a revenue of 7.349 billion CNY for the period from January to September 2025, reflecting a year-on-year growth of 8.10%, while the net profit attributable to shareholders increased by 59.29% to 209 million CNY [2] Group 2 - Kid King primarily engages in the retail of maternal and infant products, with 88.10% of its revenue coming from product sales, followed by 6.83% from supplier services and smaller contributions from other services [2] - The company has distributed a total of 1.87 billion CNY in dividends since its A-share listing, with 1.65 billion CNY distributed over the past three years [3] - As of September 30, 2025, the number of shareholders increased by 51.37% to 79,000, while the average number of circulating shares per person decreased by 33.93% to 15,875 shares [2]

Group 1 - The professional chain sector increased by 1.62% on January 8, with Tianyin Holdings leading the gains [1] - The Shanghai Composite Index closed at 4082.98, down 0.07%, while the Shenzhen Component Index closed at 13959.48, down 0.51% [1] - Key stocks in the professional chain sector showed varied performance, with Tianyin Holdings closing at 11.00, up 3.00%, and Jifeng Technology closing at 7.72, down 0.13% [1] Group 2 - The professional chain sector experienced a net outflow of 42.50 million yuan from institutional funds and 31.39 million yuan from retail funds, while individual investors saw a net inflow of 73.89 million yuan [1] - Tianyin Holdings had a net inflow of 10.03 million yuan from institutional investors, while it faced a net outflow of 22.45 million yuan from speculative funds [2] - Doctor Glasses experienced a significant net outflow of 46.86 million yuan from institutional investors, with a net inflow of 46.37 million yuan from retail investors [2]

Group 1 - A total of 13 companies listed on the ChiNext board have announced their performance forecasts for 2025, with 12 companies expecting profit increases and 1 company forecasting a profit [1] - The median expected net profit growth for the companies is significant, with the highest forecasted increase being 677.22% for Zhongtai Co., Ltd. [1] - The industries represented include public utilities, telecommunications, basic chemicals, machinery, automotive, retail, electronics, social services, and computing [1] Group 2 - Zhongtai Co., Ltd. (300435) is expected to report a profit increase of 677.22% with a closing price of 25.33 yuan and a year-to-date change of 14.00% [1] - Guangku Technology (300620) anticipates a profit increase of 162.00% with a closing price of 155.26 yuan and a year-to-date change of 5.58% [1] - Other notable companies include Chuanjin (300505) with a forecasted profit increase of 158.44%, Dingtai (301377) with 91.74%, and Taotao Automotive (301345) with 91.30% [1]

Core Viewpoint - The stock price of Kid King has shown fluctuations, with a recent decline of 2.04% and a total market capitalization of 13.34 billion yuan, indicating a mixed performance in the market [1]. Group 1: Stock Performance - Year-to-date, Kid King’s stock price has increased by 2.03%, with a 1.83% rise over the last five trading days and a 9.75% increase over the last 20 days, while it has decreased by 1.40% over the last 60 days [2]. - As of January 7, the stock was trading at 10.58 yuan per share, with a trading volume of 354 million yuan and a turnover rate of 2.64% [1]. Group 2: Company Overview - Kid King, established on June 1, 2012, and listed on October 14, 2021, is based in Nanjing, Jiangsu Province, and specializes in retail and value-added services for maternal and child products [2]. - The company’s revenue composition includes 88.10% from maternal and child product sales, 6.83% from supplier services, 2.56% from maternal and child services, 1.25% from platform services, 0.73% from招商服务, 0.47% from advertising services, and 0.05% from other services [2]. Group 3: Financial Performance - For the period from January to September 2025, Kid King achieved a revenue of 7.349 billion yuan, representing a year-on-year growth of 8.10%, and a net profit attributable to shareholders of 209 million yuan, reflecting a significant increase of 59.29% [2]. - Since its A-share listing, Kid King has distributed a total of 187 million yuan in dividends, with 165 million yuan distributed over the past three years [3]. Group 4: Shareholder Information - As of September 30, 2025, the number of shareholders for Kid King reached 79,000, an increase of 51.37% compared to the previous period, while the average circulating shares per person decreased by 33.93% to 15,875 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the seventh largest with 13.5386 million shares, while Southern CSI 1000 ETF holds 8.0745 million shares, having decreased by 76,800 shares from the previous period [3].

Investment Rating - The report rates the industry as "Outperforming the Market" [5] Core Insights - Gold prices have reached new highs, with COMEX gold surpassing $4,500 per ounce, and a projected increase of 63% for the entire year of 2025. Domestic brands like Chow Tai Fook and Lao Pu have seen their gold prices rise to around 1,400 RMB per gram [1][13] - The new VAT policy effective from November has reduced the input tax deduction rate from 13% to 6%, putting pressure on both costs and demand for domestic gold jewelry brands. This has led to a shift from "seeking scale" to "improving quality and efficiency" [1][14] - Major brands such as Lao Pu, Jun Pei, and Chow Tai Fook have entered a cycle of frequent and significant price increases, with high-end fixed-price products seeing price hikes of 10%-30% multiple times throughout the year [1][15] Summary by Sections Gold Price Trends and Brand Pricing Strategies - The gold price reached a new high of $4,546.2 per ounce on December 26, 2025, marking a 63% increase from the beginning of the year. Domestic gold jewelry prices have also surged, with average retail prices rising from 805 RMB per gram to around 1,410 RMB [13][14] - Major brands have implemented multiple price adjustments throughout 2025, with Lao Pu leading the way. The average price increase across top brands has ranged from 30% to 60% [15][19] Inventory and Turnover Analysis - Chow Tai Fook has the largest inventory, while Lao Pu has seen a significant increase in stock levels. Other brands have shown stable growth, with Lao Feng Xiang notably reducing inventory [2][26] - Inventory turnover rates have generally declined, but brands like Chao Hong Ji and Cai Bai have seen significant improvements year-on-year [2][26] Key Company Announcements and Industry News - Six brands, including Liu Fu Group and Kid King, reported substantial profit increases, with Liu Fu's profit rising by 44.1% to 600 million HKD [2][28] - The National Development and Reform Commission and the Ministry of Finance announced a new policy for large-scale equipment updates and consumer goods exchange, with a subsidy of up to 15% on the first batch of 625 billion RMB in special bonds [2][31] Investment Recommendations - The report recommends focusing on high-quality jewelry brands such as Lao Pu and Chao Hong Ji, which have a strong brand presence and craftsmanship barriers. The long-term outlook for gold prices remains bullish due to ongoing central bank purchases and a favorable interest rate environment [3][33]