"小赛道"迎来大爆发！ 今 年以来，港股市场频现"消费牛股"，引发市场关注，事实上，A股市场同样涌现了一批"小赛道"高增长的个 股。4月29日，食品饮料赛道的盐津铺子、万辰集团，宠物经济赛道的中宠股份，美容护理赛道的百亚股份、 润本股份、锦波生物股价均创出历史新高。 去年四季度以来，不少公募基金产品投向这些高成长新兴消费公司，伴随这些公司股价的持续上涨，给基金净 值带来优异表现，如恒越匠心优选一年持有、申万菱信乐融一年持有、银华品质消费、海富通消费优选等年内 绩优消费主题基金收益回报均超20%。 渠道变革带来消费品公司业绩高增长 近期，去年四季度公募基金纷纷加仓的消费品赛道公司迎来股价持续上涨。 4月29日，食品饮料赛道的盐津铺子、万辰集团，宠物经济赛道的中宠股份，美容护理赛道的百亚股份、润本 股份、锦波生物股价均创出历史新高。 股价增长背后，是这些"小赛道"公司业绩的高增长。以零食品牌"好想来"母公司万辰集团为例，前一日，万辰 集团发布公告称，2025年第一季度，公司营业收入108.21亿元，同比增长124.02%，主要系公司量贩零食业务 持续发展，收入相应增加；归属净利润2.15亿元，同比提升3344.1 ...

035 蜂助手股份有限公司 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。 一、股东股份解除质押基本情况 证券代码：301382 证券简称：蜂助手 公告编号：2025- 关于持股 5%以上股东部分股份解除质押的公告 二、其他说明 海峡创新上述质押行为不会导致公司实际控制权发生变更，不会对公司生 产经营、公司治理等产生不利影响。公司将持续关注股东股份质押情况，若出 现平仓风险时，海峡创新将采取措施应对风险，公司将按规定及时履行信息披 露义务，敬请广大投资者注意投资风险。 三、备查文件 1、解除证券质押登记通知 1； 蜂助手股份有限公司（以下简称"公司"）董事会于近日收到公司股东海峡 创新互联网股份有限公司（以下简称"海峡创新"）送达的《解除证券质押登记 通知》，获悉公司股东海峡创新所持有本公司的部分股份办理了解除质押业务， 具体事项如下： | | 是否为 控股股 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股 | 东或第 | | ...

Investment Rating - The report maintains a "Recommendation" rating for the consumer discretionary sector [5] Core Insights - The beauty and personal care segment shows strong growth, with companies like Proya achieving over 10 billion RMB in revenue for the first time, and significant increases in net profit [3][26] - The retail sector is expanding, with ALDI opening new stores and achieving record sales, while companies like Yonghui Supermarket are recovering from previous losses [25][34] - The travel and leisure industry is also seeing growth, with increased flight operations and significant revenue increases for companies like Xiangyuan Culture [21][34] Summary by Sections Market Performance - For the week of April 21-25, 2025, the Shenyin Wanguo indices for retail, social services, and beauty care sectors showed mixed performance, with beauty care up by 3.80% [10][12] - The beauty care sub-sector outperformed others, with individual products and cosmetics increasing by 7.11% and 4.89% respectively [11] Key Industry Data and News - Proya's revenue for 2024 reached 10.778 billion RMB, marking a 21% increase, while its net profit rose by 30% [3][26] - Other companies like Marubi and Betaini also reported significant revenue growth, with Marubi's revenue increasing by 33.4% in 2024 [3][29] - The travel sector saw a rise in flight operations, with nearly 106,000 flights executed in the week of April 14-20, 2025, reflecting an 8.7% increase year-on-year [21][23] Key Company Announcements - Proya's Q1 2025 revenue was 2.359 billion RMB, a year-on-year increase of 8.13% [26] - Marubi reported a Q1 2025 revenue of 847 million RMB, up 28.01% from the previous year [29] - Bubble Mart's Q1 2025 revenue surged by 165%-170%, with overseas revenue increasing by over 475% [33]

Market Performance - As of April 28, the cloud gaming sector rose by 0.62%, ranking fourth among concept sectors, with 13 stocks increasing in value, including ST Kevin which hit the daily limit, and others like Sheng Tian Network, Perfect World, and Tian Zhou Culture showing gains of 9.47%, 6.35%, and 4.85% respectively [1] - The top decliners in the sector included *ST Peng Bo, AOC Technology, and ST Zhong Qing Bao, with declines of 4.41%, 3.63%, and 3.59% respectively [1] Capital Flow - The cloud gaming sector experienced a net outflow of 265 million yuan, with 11 stocks seeing net inflows, and 5 stocks receiving over 10 million yuan in net inflows. The leading stock in net inflow was Giant Network, with a net inflow of 45.30 million yuan, followed by Sheng Tian Network, ST Huaton, and Feng Assistant [2] - The net inflow ratios for the top stocks were led by Giant Network at 7.91%, Sheng Tian Network at 7.21%, and ST Huaton at 6.17% [3] Stock Performance - The stock performance of key players in the cloud gaming sector included Giant Network with a rise of 3.40% and a turnover rate of 2.08%, Sheng Tian Network with a significant increase of 9.47% and a turnover rate of 12.05%, and ST Huaton with a modest increase of 0.86% and a turnover rate of 1.10% [3][4] - Other notable performers included ST Kevin with a rise of 5.16% and a turnover rate of 3.18%, while stocks like *ST Peng Bo and AOC Technology faced declines of 4.41% and 3.63% respectively [4]

Core Viewpoint - The company aims to become a significant contributor to the digital and intelligent society, focusing on comprehensive digital product operations, IoT traffic operations, and cloud terminal technology development [4][5][6] Company Overview - The company is positioned as a "digital intelligent technology and service provider" and aims to be a key builder in the digital world [4] - The operational strategy is based on "one foundation and two directions," which includes comprehensive digital product operations and two main R&D directions: IoT traffic operations and cloud terminal technology [4] Business Segments - **Digital Product Operations**: The company integrates digital product resources related to daily services and provides aggregation and operational services through its proprietary platform [4] - **IoT Traffic Operations**: The company enhances its core technology for multi-network integration and invests in IoT traffic products, offering customized solutions for various market segments [5] - **Cloud Terminal R&D**: The company develops core technologies for cloud terminals, focusing on both consumer and business applications, including cloud mobile phones and related services [6] Financial Highlights - The company plans to distribute cash dividends of 1.6 yuan per 10 shares, totaling approximately 27.09 million yuan, and will increase its total share capital through a capital reserve conversion [13] - The company has completed a share buyback plan, repurchasing approximately 2.12 million shares, which is about 0.96% of the total share capital [12] Shareholder Actions - The controlling shareholder, Mr. Luo Hongpeng, has executed two share buyback plans, with total investments of approximately 4.16 million yuan [8][9] - The company has initiated a stock incentive plan, with the first grant of restricted stock completed on July 18, 2024 [15] Governance Changes - The company has completed the election of its fourth board of directors and supervisory board, with a term of three years starting from the approval date [16][17]

证券代码：301382 证券简称：蜂助手 公告编号：2025-022 蜂助手股份有限公司 关于 2024 年度募集资金存放与使用情况的专项报告 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。 一、募集资金基本情况 （一）实际募集资金金额、资金到位时间 根据中国证券监督管理委员会出具的《关于同意蜂助手股份有限公司首次公 开发行股票注册的批复》（证监许可[2023]555 号文），蜂助手股份有限公司（以 下简称"公司"）获准同意首次公开发行股票的注册申请。公司首次公开发行人 民币普通股（A 股）42,400,000 股，每股面值为人民币 1.00 元，每股发行价格为 人民币 23.80 元，募集资金总额为人民币 1,009,120,000.00 元，扣除与发行有关 的费用（不含税）人民币 113,122,170.92 元，实际募集资金净额为人民币 895,997,829.08 元。上述募集资金已于 2023 年 5 月 11 日划至公司指定账户，经 大华会计师事务所（特殊普通合伙）审验，并于 2023 年 5 月 12 日出具了大华验 字[2023]000241《 ...

证券代码：301382 证券简称：蜂助手 公告编号：2025-026 蜂助手股份有限公司 关于 2025 年度预计日常关联交易额度的公告 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。 | 关联交 | | 关联人 | 关联交易 | 关联交 易定价 | 合同签订金 额或预计金 | 截至披 露日已 | 年已发 2024 | | --- | --- | --- | --- | --- | --- | --- | --- | | 易类别 | | | 内容 | 原则 | 额 | 发生金 | 生日常关联 交易金额 | | | | | | | | 额 | | | 向 关 采 | 联 购 | 广州速启科技 | 采购服务 | 市 场 价 | 1,000.00 | 0.00 | 472.32 | | 方 | | 有限责任公司 | | 格 | | | | | 商品、接 | | | | | | | | | 受服务 | | | 小计 | | 1,000.00 | 0.00 | 472.32 | | | | 深圳市迪讯飞 | 提供服务 | 市 场 价 | 10.00 | 1.39 | 6 ...

Financial Performance - The basic earnings per share decreased by 35.11% from 0.94 to 0.61 yuan [1] - The net asset per share fell by 19.78% from 9.96 to 7.99 yuan [1] - The total operating revenue increased by 30.53% from 1.179 billion to 1.539 billion yuan [1] - The net profit slightly decreased by 5.63% from 1.42 billion to 1.34 billion yuan [1] - The return on equity dropped by 32.02% from 11.43% to 7.77% [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 41.2264 million shares, accounting for 30.2% of the circulating shares, a decrease of 14.561 million shares from the previous period [1] - The largest shareholder, Haixia Innovation Internet Co., Ltd., holds 26.7121 million shares, representing 19.56% of the total share capital, with a reduction of 631,000 shares [2] - Several new entrants in the top ten shareholders include Tianfeng Tianrui Investment Co., Ltd. and Zhao Shanqing, both holding 91.37 thousand and 85 thousand shares respectively [2] Dividend Distribution - The company plans to distribute dividends at a rate of 10 shares for every 3 shares held, along with a cash dividend of 1 yuan (including tax) [3]

光大证券股份有限公司 关于蜂助手股份有限公司 调整募集资金投资项目计划进度的 核查意见 光大证券股份有限公司（以下简称"光大证券"或"保荐机构"）作为蜂 助手股份有限公司（以下简称"蜂助手"或"公司"）首次公开发行股票并在 创业板上市项目的保荐机构，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》及《上市公司监管指引第 2 号——上市公 司募集资金管理和使用的监管要求》等相关法律法规和规范性文件的规定，对 蜂助手调整募集资金投资项目计划进度情况进行了核查，具体如下： 二、募集资金投资项目基本情况及募集资金使用情况 一、募集资金基本情况 根据中国证券监督管理委员会出具的《关于同意蜂助手股份有限公司首次公 开发行股票注册的批复》（证监许可[2023]555 号文），公司获准同意首次公开 发行股票的注册申请。公司首次公开发行人民币普通股（A 股）42,400,000 股， 每股面值为人民币 1.00 元，每股发行价格为人民币 23.80 元，募集资金总额为人 民币 1,009,120,000.00 元，扣除与发行有关 ...

蜂助手股份有限公司 审 计 报 告 政旦志远审字第 2500166 号 政旦志远(深圳)会计师事务所(特殊普通合伙) Zandar Certified Public Accountants LLP ，您可使用手机"扫一扫" 此码用于证明该审计报告是否由具有执业许可的会计师事务所出。 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http:///ac.cnof.gov.cn）" 我行业 蜂助手股份有限公司 审计报告及财务报表 (2024 年 1 月 1 日至 2024 年 12 月 31 日止) | | 目 求 | 页 次 | | --- | --- | --- | | 1 | 审计报告 | 1-8 | | | 已审财务报表 | | | | 合并资产负债表 | 1-2 | | | 合并利润表 | 3 | | | 合并现金流量表 | 4 | | | 合并股东权益变动表 | 5-6 | | | 母公司资产负债表 | 7-8 | | | 母公司利润表 | 9 | | | 母公司现金流量表 | 10 | | | 母公司股东权益变动表 | 11-12 | | | 财务报表附注 | 1-83 | ZANDAR ...