Kingee Culture(SZ:002721) Xin Lang Cai Jing·2025-09-24 10:28Core Viewpoint - The company, Beijing Jinyi Culture Development Co., Ltd., is actively engaging with institutional investors regarding its acquisition of a stake in Kaike Weishi and its business strategies in the gold and jewelry retail sector [2]. Group 1: Acquisition and Business Strategy - The company has acquired 43.18% of Kaike Weishi's shares and obtained 14.30% of voting rights, with plans to purchase the remaining shares after the performance commitment period, subject to regulatory compliance [2]. - The company aims to conduct horizontal and vertical mergers based on Kaike Weishi, focusing on digital intelligence and related fields [2]. Group 2: Kaike Weishi's Business Operations - Kaike Weishi's business primarily comes from partnerships with banks, with non-bank collaborations accounting for less than 10%. It has business relationships with 15 out of 18 state-owned and joint-stock banks [2]. - The AI solutions provided by Kaike Weishi are mainly applied in the banking sector, including products like financial advisor assistants and intelligent customer service [2]. - The payment and clearing services offered by Kaike Weishi do not require a payment license and currently serve domestic clients, with potential plans for international market expansion [2]. Group 3: Gold and Jewelry Retail Business - The company's gold and jewelry retail operations are primarily through wholly-owned brand stores, focusing on the "Yue Wang Ancient Method Gold" brand targeting the mass and mid-to-high-end markets, using a pricing strategy based on weight processing fees [2]. - Recent restructuring of the jewelry business has been initiated to enhance efficiency and focus on expanding mid-to-high-end stores in key regions [2]. Group 4: Financial Strategies and Shareholder Structure - The company has engaged in gold hedging activities as approved by the board, adopting a strategy of closing positions without opening new ones due to the sustained high prices of gold in the first half of the year [2]. - The major shareholders include the controlling shareholder and its concerted parties, while other shareholders mainly consist of financial investors introduced during restructuring, holding less than 10% of shares [2]. Group 5: Management and Future Plans - Kaike Weishi's board consists of five members, with three nominated by the company. It operates independently but requires approval from the company for significant financial and operational decisions [2]. - The company plans to follow the procedures and disclose announcements if there are any changes to its name, which originally focused on precious metal art [2].