Core Viewpoint - The industrial e-commerce sector is experiencing a divergence in revenue and profit trends, with total revenue for seven listed companies declining by 19% year-on-year, while net profit increased by 40.13% in Q1 2025, indicating a shift towards profitability despite revenue challenges [1][3]. Revenue Summary - Total revenue for the seven listed industrial e-commerce companies reached 31.792 billion yuan, a 19% decrease year-on-year [1]. - Guolian Co. reported revenue of 11.019 billion yuan, down 19.11% year-on-year [2]. - Focus Technology achieved revenue of 441 million yuan, up 15.4% year-on-year [2]. - Shanghai Steel Union's revenue was 15.273 billion yuan, a decline of 12.93% year-on-year [1][2]. - Energetic Technology reported revenue of 2.877 billion yuan, down 5.38% year-on-year [1]. - Wangsheng Business Treasure's revenue surged to 162 million yuan, marking a 98.05% increase year-on-year [1]. - Zhuo Chuang Information's revenue was 79.51 million yuan, up 5.3% year-on-year [1]. Profit Summary - The net profit for the seven companies collectively increased by 40.13% year-on-year, highlighting a significant profit growth despite revenue declines [3]. - Guolian Co. reported a net profit of 270 million yuan, down 13.80% year-on-year [2]. - Focus Technology's net profit was 112 million yuan, up 45.94% year-on-year [2]. - Shanghai Steel Union achieved a net profit of 51.8732 million yuan, an increase of 5.53% year-on-year [2]. - Energetic Technology's net profit surged by 287.20% to 216 million yuan [2]. - Wangsheng Business Treasure's net profit was 1.6 million yuan, down 33.15% year-on-year [2]. - Zhuo Chuang Information reported a net profit of 18.59 million yuan, down 25.1% year-on-year [2]. Industry Trends - The revenue decline and profit growth indicate a structural differentiation within the industrial e-commerce sector, with traditional information matching models facing growth bottlenecks [2]. - The resilience of cross-border B2B e-commerce, as demonstrated by Focus Technology's growth, contrasts with the cyclical adjustments in the bulk commodity markets affecting companies like Guolian Co. and Shanghai Steel Union [2]. - The shift towards value-oriented growth through enhanced service capabilities, such as supply chain and data services, is becoming crucial for companies to navigate market fluctuations [2][3]. - The overall trend suggests a transition from scale competition to efficiency competition, with companies focusing on product structure optimization and operational efficiency to maintain profitability [3].

Core Viewpoint - The company, Zhaochuang Information, reported a mixed performance in Q1 2025, with revenue growth but a decline in profit, raising concerns about its excessive dividend distribution strategy [1][2][3] Financial Performance - In Q1 2025, the company achieved revenue of 79.51 million yuan, a year-on-year increase of 5.3% [1] - The net profit attributable to shareholders was 18.59 million yuan, a year-on-year decrease of 25.1% [1] - The net profit after deducting non-recurring items was 16.99 million yuan, down 23.1% year-on-year [1] - Operating cash flow net amount was 9.3 million yuan, a significant increase of 422.5% year-on-year [1] - As of the end of Q1, total assets reached 1.028 billion yuan, up 9.6% from the end of the previous year [1] - The net assets attributable to shareholders were 631 million yuan, an increase of 3.8% from the end of the previous year [1] Dividend Strategy - The company has a history of generous dividend distribution, with total dividends of 111 million yuan in 2024, significantly exceeding the net profit of 70.51 million yuan for that year [2] - In 2023, the company distributed a total of 123 million yuan in dividends while the net profit was only 52.06 million yuan, indicating a pattern of excessive dividends [2] - Over the two years, total dividends amounted to 234 million yuan, while the combined net profit was only 123 million yuan, showcasing a clear trend of excessive dividend payouts [2] Business Model and Cash Flow - The company operates on a "pay first, service later" model, which ensures a steady cash flow due to strong demand from a stable customer base in the bulk commodity sector [3] - The significant improvement in operating cash flow in Q1 reflects a healthy cash flow situation, supporting the company's ability to maintain high dividend payouts without impacting future operations [3] Strategic Outlook - In the context of increasing market volatility and accelerated digital transformation, the company aims to strengthen its existing information service advantages while exploring new growth areas in information technology and software development [4] - Despite the decline in profit in Q1, the company’s stable cash flow and proactive strategic initiatives position it well for sustainable growth in performance and dividends in the future [4]

本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net）；或关注微信公众号（名称：全景财经）；或下载全景路演 APP， 参与本次互动交流。活动时间为 2025 年 5 月 15 日（周四）15:00-16:30。 届时公司副总经理兼财务总监路永军先生及副总经理兼董事会秘书王永辉 先生将在线就公司 2024 年度业绩、公司治理、发展战略、经营状况等投资者关 心的问题，与投资者进行沟通与交流，欢迎广大投资者踊跃参与！ 特此公告。 山东卓创资讯股份有限公司 关于参加 2025 年山东辖区上市公司投资者 网上集体接待日活动的公告 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、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，山东卓创资讯股份有限公司（以下简称 "公司"）将参加由山东证监局、山东上市公司协会与深圳市全景网络有限公司 联合举办的"2025 年山东辖区上市公司投资者网上集体接待日活动"，现将相关 事项公告如下： 证券代码：301299 证券简称：卓创资讯 公告编号：2025-028 山东卓创资讯股份有限公司 董 事 会 2025 ...

Core Viewpoint - The LPG deep processing industry is facing significant challenges due to weak downstream product performance, driven by multiple factors including declining crude oil prices, increased supply pressure, weak terminal demand, and export obstacles. Some products have stabilized temporarily through production cuts in mid to late April [1]. Industry Summary - In April, the LPG raw gas market exhibited a "rise then fall" trend, with limited month-on-month changes. Initial market optimism was driven by policy expectations, but this was later overshadowed by cost declines and weak demand [2]. - The prices of LPG deep processing downstream products generally declined in April, influenced by international crude oil price fluctuations and exacerbated supply-demand imbalances. The market remains in a state of oversupply, with significant year-on-year price drops for many products [4]. - The profit situation across various products in the LPG deep processing chain varied significantly in April. The industry is under pressure from both high costs and weak demand, leading to a negative feedback loop that compresses profit margins [7]. - The operating load rates of LPG downstream facilities have generally shown a downward trend due to high raw material costs and weak terminal product prices, forcing companies to reduce output or halt operations [9]. - Looking ahead, the LPG raw gas market is expected to remain weak, with cost pressures from international crude oil prices and cautious purchasing sentiment limiting demand. However, supply reductions due to maintenance or losses may support short-term price rebounds for some products [11].

根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司股东 大会规则》《律师事务所从事证券法律业务管理办法（2023）》及《山东卓创资 讯股份有限公司章程》（以下称"《公司章程》"）等有关规定，本所指派律师 出席公司 2024 年年度股东大会（以下称"本次会议"），并出具本法律意见书。 本所律师已经按照现行法律、法规及规范性文件的规定对公司本次会议的真 实性、有效性进行查验并发表法律意见。本法律意见书中不存在虚假记载、误导 性陈述及重大遗漏。 本法律意见书仅供公司本次会议之目的使用，不得被任何人用于其他任何目 的。本所律师同意将本法律意见书随公司本次会议决议一起予以公告。 国浩律师（北京）事务所 法律意见书 国浩律师（北京）事务所 关于山东卓创资讯股份有限公司 2024 年年度股东大会之 法律意见书 国浩京证字［2025］第 0272 号 致：山东卓创资讯股份有限公司（以下称"公司"） 本所律师已经对公司提供的有关文件和有关事项进行了核查和验证，并按照 律师行业公认的业务标准、道德规范和勤勉尽责精神，出具法律意见如下： 1 国浩律师（北京）事务所 法律意见书 一、本次会议的召集、召开程序 （一）本次会 ...

证券代码：301299 证券简称：卓创资讯 公告编号：2025-027 山东卓创资讯股份有限公司 2024 年年度股东大会决议公告 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、误导性陈述或重大遗漏。 特别提示： 1. 本次股东大会不存在否决议案的情形。 2. 本次股东大会不涉及变更以往股东大会已通过决议的情形。 一、 会议召开和出席情况 （一） 会议召开情况 1. 山东卓创资讯股份有限公司（以下简称"公司"）于 2025 年 4 月 21 日以 公告形式发布了《关于召开2024年年度股东大会的通知》（公告编号：2025-024）， 具体内容详见公司披露于巨潮资讯网（http://www.cninfo.com.cn）的相关公告。 2. 会议召开时间 （1）现场会议时间：2025 年 5 月 12 日（星期一）下午 14:30； （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的时间为 2025 年 5 月 12 日上午 9:15-9:25，9:30-11:30，下午 13:00-15:00；通过深圳证券 交易所互联网系统投票的时间为 2025 年 5 月 12 日上午 9 ...

Financial Performance - The company's operating revenue for 2024 reached 294.42 million CNY, a growth of 3.83% compared to the previous year [5] - The net profit attributable to shareholders increased by 35.43% to 70.51 million CNY [5] - Excluding the impact of data asset recognition and share-based payment expenses, the net profit was 54.65 million CNY, reflecting a growth of 4.96% [5] Business Segments - Revenue from information services decreased by 4.32% to 158.29 million CNY [5] - Revenue from intelligent services grew by 8.61% to 69.65 million CNY [5] - Consulting services revenue increased by 15.71% to 37.03 million CNY [5] - Exhibition services revenue surged by 33.69% to 29.36 million CNY [5] Strategic Initiatives - The company plans to deepen its focus on the bulk commodity information service sector, responding to market demand changes [3] - A new information section for the home appliance industry was launched, receiving positive customer feedback [3] - The company aims to enhance its data asset value and maintain a competitive edge through continuous innovation and customer satisfaction [3][9] AI and Technology Integration - The company has integrated AI and big data technologies into its operations, exemplified by the launch of the "ZhuoXi Assistant" [7] - Project management strategies have been implemented to optimize resource allocation for AI model development [8] - The company is committed to exploring industry-specific AI applications to improve operational efficiency and decision-making [14] Market Position and Competition - The company has established a strong brand influence and a comprehensive data service system in the bulk commodity market [11] - It aims to maintain its competitive advantage by adhering to principles of neutrality, professionalism, and focus [11] - Future mergers and acquisitions will be strategically aligned with the company's growth objectives [11] Industry Outlook - The bulk commodity information service industry is expected to continue growing, driven by the integration of digital economy and traditional sectors [15] - The company is positioned to leverage its extensive data resources to meet the increasing demand for digital transformation among SMEs [15]

二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 999.02万股，累计占流通股比： 28.37%，较上期变化： -378.55万股。 一、主要会计数据和财务指标 | 报告期指标 | 2025年一季报 | 2024年一季报 | 本年比上年增减(%) | 2023年一季报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.3100 | 0.4100 | -24.39 | 0.2800 | | 每股净资产（元） | 10.51 | 11.64 | -9.71 | 11.83 | | 每股公积金(元) | 6.66 | 6.37 | 4.55 | 6.36 | | 每股未分配利润(元) | 2.35 | 3.77 | -37.67 | 4.00 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 0.8 | 0.75 | 6.67 | 0.73 | | 净利润(亿元) | 0.19 | 0.25 | -24 | 0.17 | | 净资产收益率(%) | 3.01 | 3.62 | -16.85 | 2.42 | 数 ...

Financial Performance - The company's revenue for Q1 2025 was CNY 79,512,423.46, representing a 5.32% increase compared to CNY 75,492,458.65 in the same period last year[5]. - Net profit attributable to shareholders decreased by 25.09% to CNY 18,587,783.70 from CNY 24,812,242.97 year-on-year[5]. - The basic earnings per share decreased by 24.39% to CNY 0.31 from CNY 0.41 in the same period last year[5]. - Operating profit decreased to ¥21,173,472.52, down 24.8% from ¥28,134,335.00 in the previous period[20]. - Net profit for the current period was ¥21,046,975.62, a decline of 25.3% compared to ¥28,159,588.90 in the previous period[20]. - Net profit for the current period is 18,699,062.04, a decrease of 24.8% compared to 24,812,242.97 in the previous period[21]. Cash Flow and Liquidity - The net cash flow from operating activities significantly improved, reaching CNY 9,300,917.72, a 422.48% increase from a negative cash flow of CNY -2,884,160.61 in the previous year[5]. - Cash flow from operating activities generated a net amount of 9,300,917.72, a significant improvement from a net outflow of -2,884,160.61 in the previous period[23]. - Total cash inflow from investment activities was 115,522,472.54, while cash outflow was 102,375,555.47, resulting in a net cash flow of 13,146,917.07, down from 37,085,849.20 in the previous period[23]. - Cash and cash equivalents at the end of the period decreased to 157,424,537.15 from 169,136,032.11, a decline of 6.5%[24]. - Operating cash inflow from sales of goods and services increased to 84,317,750.88, up 22.8% from 68,650,106.27[23]. - Total cash outflow for operating activities was 76,867,636.66, an increase from 72,952,236.13 in the previous period[23]. Assets and Liabilities - Total assets increased by 9.56% to CNY 1,027,697,016.96 compared to CNY 938,021,700.98 at the end of the previous year[5]. - Current assets totaled ¥418,972,467.98, an increase of 20% from ¥348,999,062.00 at the beginning of the period[18]. - Non-current assets amounted to ¥608,724,548.98, up 3.0% from ¥589,022,638.98 at the beginning of the period[18]. - Total liabilities increased to ¥404,335,613.51, up 22.4% from ¥330,367,707.27 at the beginning of the period[19]. - The company reported a significant increase in contract liabilities to ¥296,734,242.41, up 39.3% from ¥212,918,810.57 in the previous period[19]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 14,753[13]. - The largest shareholder, Jiang Hulin, holds 24.38% of the shares, totaling 14,630,372 shares[13]. - The top 10 shareholders hold a combined total of 64.76% of the shares, with the second-largest shareholder holding 10.71%[13]. - The company has a total of 1,268,200 shares held by a trust fund, which is part of the top 10 shareholders[13]. - The company has not disclosed any other shareholder relationships or agreements beyond those mentioned[13]. Acquisitions and Strategic Moves - The company completed an acquisition that resulted in the addition of goodwill amounting to CNY 52,375,334.37 during the reporting period[11]. - The company plans to use part of the raised funds to jointly acquire 55% of Wuxi Chulai Information Technology Development Co., Ltd. with its controlling shareholder and other related parties[14]. - The acquisition will allow the company to control the voting rights corresponding to 55% of Wuxi Chulai and have a majority on its board of directors[15]. - The acquisition transaction was completed on February 20, 2025, and Wuxi Chulai will be included in the company's consolidated financial statements starting March 2025[15]. - The financial report indicates that the company is actively expanding its market presence through strategic acquisitions[14]. Operating Costs - Operating costs increased by 31.70% to CNY 27,475,799.98, attributed to the amortization of data resources and increased share-based payment costs[11]. - Total operating costs increased to ¥62,372,462.00, up 18.5% from ¥52,624,333.98 in the previous period[20].