证券代码：002348 证券简称：高乐股份 公告编号：2025-006 广东高乐股份有限公司 关于召开2024年度股东会的通知 本公司及董事会全体成员保证公告内容的真实、准确、完整，不存在虚假 记载、误导性陈述或者重大遗漏。 广东高乐股份有限公司（以下简称"公司"或"本公司"）第八届董事会第 十次会议审议通过了《关于提请召开公司2024年度股东会的议案》，决定于2025 年5月21日（星期三）召开公司2024年度股东会。现就召开本次股东会的相关事 项通知如下： 一、召开会议的基本情况 1、股东会届次：本次股东会为2024年度股东会 2、股东会的召集人：公司董事会 公司股东只能选择现场投票、网络投票或者符合规定的其他投票系统中的一 种表决方式。如同一股东账户通过以上两种方式重复表决的，以第一次投票结果 为准。网络投票包含证券交易系统和互联网系统两种投票方式，同一股份只能选 择其中一种方式。 6、会议的股权登记日：2025年5月16日（星期五） 3、会议召开的合法、合规性：公司于2025年4月24日召开第八届董事会第十 次会议，审议通过了《关于提请召开公司2024年度股东会的议案》。本次会议的 召开符合有关法律、 ...

证券代码：002348 证券简称：高乐股份 公告编号：2025-005 广东高乐股份有限公司 第八届监事会第八次会议决议的公告 本公司及监事会全体成员保证公告内容的真实、准确、完整，不存在虚 假记载、误导性陈述或者重大遗漏。 一、监事会会议召开情况 广东高乐股份有限公司（以下简称"公司"）第八届监事会第八次会议于 2025 年 4 月 10 日以微信和电话等方式发出会议通知，并于 2025 年 4 月 24 日以 通讯表决方式召开。公司应出席监事 3 人，实际出席监事 3 人，会议有效表决票 数为 3 票。会议由监事会主席孔祥森先生主持，与会监事就会议议案进行了审议 和表决。会议程序符合《公司法》和公司章程的有关规定。 二、监事会会议审议情况 （一）会议以 3 票同意，0 票反对，0 票弃权，审议通过了《2024 年度监 事会工作报告》。 本项议案需提交 2024 年年度股东会审议通过。 《2024 年度监事会工作报告》详细内容见 2025 年 4 月 28 日巨潮资讯网 （http://www.cninfo.com.cn） （二）会议以3 票同意，0 票反对，0 票弃权，审议通过了《2024年年度 报告》及 ...

证券代码：002348 证券简称：高乐股份 公告编号：2025-004 广东高乐股份有限公司 第八届董事会第十次会议决议的公告 本公司及董事会全体成员保证公告内容的真实、准确、完整，不存在虚 假记载、误导性陈述或者重大遗漏。 一、董事会会议召开情况 广东高乐股份有限公司（以下简称"公司"）第八届董事会第十次会议于2025 年4月10日以微信和电话等方式发出会议通知，并于2025年4月24日以通讯表决方 式召开。公司应出席董事11人，实际参加会议董事11人，有效表决票数为11票。 会议程序符合《公司法》和公司章程的规定。会议由董事长朱俭勇先生主持，与 会董事就会议议案进行了审议和表决，形成决议。 二、董事会会议审议情况 （一）会议以11票同意，0票反对，0票弃权，审议通过了《2024年度总经 理工作报告》。 （二）会议以11票同意，0票反对，0票弃权，审议通过了《2024年度董事 会工作报告》。 本项议案须提交2024年年度股东会审议。 独立董事叶茜、田守云、肖敬华、刘哲分别向董事会提交了《独立董事2024 年度述职报告》，并将在公司2024年度股东会上述职。《独立董事2024年度述职 报告》详细内容见2025 ...

本公司及董事会全体成员保证信息披露内容的真实、准确和完整， 没有虚 假记载、误导性陈述或重大遗漏。 证券代码：002348 证券简称：高乐股份 公告编号：2025-011 广东高乐股份有限公司 关于 2024年度不进行利润分配的专项说明 广东高乐股份有限公司（以下简称"公司"）于 2025 年 4月24日召开第八届 董事会第十次会议和第八届监事会第八次会议审议并通过了《2024年度利润分 配预案》，公司拟定2024年度利润分配预案为：不派发现金红利，不送红股，也 不以资本公积金转增股本。该议案尚需提交公司2024年年度股东会审议。现将 相关情况公告如下： 一、2024 年度利润分配预案 经立信会计师事务所（特殊普通合伙）审计，公司2024年度合并归属于母 公司股东的净利润为-57,297,788.26元，2024年末公司合并未分配利润为- 569,583,403.35元。2024年度母公司实现的净利润为-44,068,776.17元，2024 年末母公司未分配利润为-571,940,182.06元。 由于公司 2024 年度亏损且可供股东分配的利润为负值，公司拟定 2024 年度 利润分配预案为：不派发现金红 ...

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the fiscal year 2024, representing a year-over-year increase of 15%[18]. - The company has set a revenue guidance of RMB 1.5 billion for the fiscal year 2025, indicating a growth target of 25%[18]. - The company's operating revenue for 2024 was ¥315,260,385.45, representing an increase of 18.34% compared to ¥266,401,837.23 in 2023[24]. - The net profit attributable to shareholders for 2024 was -¥57,297,788.26, an improvement of 7.55% from -¥61,978,461.00 in 2023[24]. - The total revenue for 2024 reached ¥315,260,385.45, representing an 18.34% increase compared to ¥266,401,837.23 in 2023[59]. - Revenue from toy and related businesses was ¥303,211,862.54, with a year-on-year increase of 22.63%[53]. - The company reported a significant increase in revenue from the fourth quarter of 2024, reaching ¥110,023,379.80[29]. - The company achieved total revenue of ¥315,260,385.45, representing a year-on-year growth of 18.34%[52]. User Growth and Market Expansion - User data showed an increase in active users by 20% year-over-year, reaching 5 million active users by the end of 2024[18]. - Market expansion efforts have led to a 10% increase in market share in the Southeast Asian region[18]. - The company plans to expand its sales channels and develop emerging markets in Southeast Asia to optimize its international market layout[55]. - The company is considering strategic acquisitions to bolster its product offerings, with a budget of $100 million allocated for potential deals[144]. - Guangdong Gaole plans to enter two new markets in Southeast Asia by the end of 2024, aiming to increase its market share by 10% in these regions[145]. Product Development and Innovation - New product launches contributed to 30% of total revenue, with three major products introduced in the second half of 2024[18]. - The company is investing RMB 200 million in R&D for new technologies aimed at enhancing product efficiency and sustainability[18]. - The company is currently developing new products, including an NFC toy train and an LCD children's drawing board, to meet differentiated user needs[72]. - The company is focusing on technological innovation and product development, particularly in smart and interactive toys[54]. - The company is committed to continuous product innovation based on user feedback and market trends, enhancing the entertainment and educational aspects of its toys[43]. Financial Management and Governance - No cash dividends will be distributed to shareholders for the fiscal year 2024, as the company aims to reinvest profits into growth initiatives[7]. - The company aims to improve operational efficiency and shareholder value through effective governance and strategic decision-making[135]. - The company has established a value management system and is focused on improving its valuation through strategic initiatives[118]. - The company has implemented a strict management system for insider information to prevent unauthorized disclosures[126]. - The company has established four specialized committees to enhance decision-making processes: Strategic and Investment Decision Committee, Nomination Committee, Compensation and Assessment Committee, and Audit Committee[126]. Challenges and Risks - The company has identified potential risks including market volatility and supply chain disruptions, with strategies in place to mitigate these risks[6]. - The toy industry is facing significant challenges due to economic slowdown, intensified competition, and unstable market expectations, with external factors such as geopolitical conflicts and complex international trade environments impacting demand[98]. - The company is exposed to international market uncertainties, particularly due to geopolitical conflicts and complex global trade dynamics, which could affect export demand and increase costs[113]. - The company is monitoring raw material price fluctuations closely, with potential impacts on profitability due to geopolitical tensions and trade barriers affecting procurement costs[116]. Corporate Social Responsibility and Sustainability - The company is committed to corporate social responsibility, creating value for customers and opportunities for employees[174]. - Environmental protection is a key component of the company's sustainable development strategy, focusing on resource utilization and reducing emissions[179]. - The management team emphasized a commitment to sustainability, aiming for a 20% reduction in carbon footprint by 2025[147]. - The company actively participates in social responsibility initiatives, contributing to poverty alleviation and public welfare projects during the reporting period[180]. Shareholder Engagement and Meetings - The company held its first temporary shareholders' meeting in January 2024 with a participation rate of 0.0001%[129]. - The annual shareholders' meeting in May 2024 recorded a participation rate of 0.0064%[129]. - The company reported a total shareholding of 58,222,668 shares at the end of the period, with a decrease of 1,000 shares due to an operational error in stock trading[131]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to 4.3155 million yuan[148]. Employee Management and Development - The company reported a total of 634 employees at the end of the reporting period, with 545 in the parent company and 89 in major subsidiaries[158]. - The company has established a training and re-education mechanism, providing free internal training for employees, with assessment results influencing year-end performance evaluations[161]. - The company aims to attract, retain, and motivate outstanding employees through its compensation policy, which is based on economic performance and comprehensive performance assessments[160]. - The professional composition includes 389 production personnel, 58 sales personnel, 103 technical personnel, 14 financial personnel, and 70 administrative personnel[159]. Legal and Compliance Matters - The company received a non-standard audit report with an emphasis on matters related to performance compensation obligations, which are currently under litigation[189]. - The company has committed to avoiding competition with its subsidiaries and will take measures to prevent any potential conflicts in business operations[184]. - The company has implemented changes in accounting policies as per the new accounting standards effective from January 1, 2024, which did not have a significant impact on its financial position or operating results[198]. - The company has not faced any penalties for environmental violations during the reporting period[173].

Financial Performance - The company's revenue for Q1 2025 was ¥52,518,643.48, representing a 14.82% increase compared to ¥45,739,443.95 in the same period last year[5] - The net profit attributable to shareholders was -¥14,846,533.91, a decline of 13.34% from -¥13,098,935.58 year-over-year[5] - The net loss for the current period was ¥14,854,072.23, compared to a net loss of ¥13,122,777.96 in the previous period, reflecting a deterioration in performance[22] - The company reported a comprehensive loss of ¥15,023,245.08 for the current period, compared to a comprehensive loss of ¥13,052,778.05 in the previous period[23] - The basic and diluted earnings per share were both reported at -0.0157, compared to -0.0138 in the previous period, reflecting a decline in profitability[22] Cash Flow and Liquidity - The net cash flow from operating activities was -¥8,200,886.80, which is a 14.62% decrease compared to -¥7,154,925.08 in the previous year[5] - Cash flow from operating activities showed a net outflow of ¥8,200,886.80, worsening from a net outflow of ¥7,154,925.08 in the previous period[24] - Investment activities generated a net cash flow of -1,624,158.34, compared to -1,409,817.74 in the previous period, indicating an increase in cash outflow[25] - Financing activities resulted in a net cash flow of -1,326,423.75, a significant decrease from a positive net cash flow of 5,540,666.38 in the prior period[25] - Cash and cash equivalents decreased by 11,200,384.55, compared to a decrease of 3,027,718.71 in the previous period[25] - The ending balance of cash and cash equivalents was 21,207,697.82, down from 32,408,082.37 at the beginning of the period[25] - The company received 30,000,000.00 in cash from borrowings, down from 50,000,000.00 in the previous period[25] - Cash paid for debt repayment was 30,000,000.00, compared to 43,283,394.08 in the prior period, reflecting a decrease in cash outflow for debt[25] - Cash paid for dividends and interest was 987,744.99, an increase from 833,224.22 in the previous period[25] - The impact of exchange rate changes on cash and cash equivalents was -48,915.66, compared to -3,642.27 in the previous period[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥716,963,639.13, down 1.82% from ¥730,235,534.92 at the end of the previous year[5] - The equity attributable to shareholders decreased by 3.28% to ¥442,672,914.95 from ¥457,688,621.71 at the end of the previous year[5] - The total liabilities amounted to ¥274,106,692.11, a slight increase from ¥272,355,342.82 in the previous period[19] - Current liabilities increased to CNY 246,805,400.96 from CNY 244,568,880.98, reflecting an increase of about 0.91%[18] - Total non-current assets decreased to CNY 492,338,442.83 from CNY 498,954,596.83, a decline of about 1.34%[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 51,860[10] - The largest shareholder, Huadong Group Co., Ltd., holds 14.00% of the shares, with 79,564,800 shares pledged[11] - The company has a total of 10 major shareholders, with significant holdings including Huadong Group Limited at 132,608,000 shares[12] Expenses - The company reported a significant increase in sales expenses, which rose by 82.28% to ¥9,573,416.66 due to enhanced business expansion efforts[9] - Total operating costs increased to ¥69,517,206.31, up 17.5% from ¥59,165,167.44 in the previous period[21] - The company incurred research and development expenses of ¥3,481,898.40, slightly up from ¥3,268,622.43 in the previous period, indicating continued investment in innovation[21] - Sales expenses increased significantly to ¥9,573,416.66, compared to ¥5,251,920.69 in the previous period, reflecting higher marketing efforts[21] Legal Proceedings - The company has initiated legal proceedings for a performance compensation of CNY 183 million due to underperformance, with ongoing litigation[13] - The company has received a favorable first-instance judgment regarding the performance compensation case, but the final outcome remains uncertain as the defendants have appealed[15] Accounting Standards - The company did not undergo an audit for the first quarter report[26] - The new accounting standards will be first implemented starting in 2025[26]

Group 1 - The education robot industry in China includes companies focused on hardware sales and those offering integrated "hardware + software + services" solutions, with key players like Yujiang Technology and UBTECH leading in global market strategies [1] - The market concentration in the education robot sector is low, with top companies including UBTECH, Shengtong Co., Whale Robot, DJI, and Maker Factory [2] - The regional distribution of education robot companies is concentrated in Guangdong and Jiangsu, with Guangdong being the most concentrated area [5] Group 2 - The main categories of domestic education robots include early education companion series, building block modules, humanoid series, flying series, and mobile series, with building block and humanoid series being priced higher than others [8] - The competition in the education robot industry is moderate, with significant profit potential and low entry barriers for building block robots, while humanoid robots have higher entry barriers [9] - The supply of raw materials is abundant, with suppliers having weak bargaining power, while core chip products are in short supply, giving suppliers some bargaining power [10]

Group 1: Industry Overview - The education robot industry in China has a limited number of listed companies, including Keda Xunfei, Shengtong Co., UBTECH, Donggang Co., Gaole Co., Ruijun Technology, and Yuejiang [1] - The industry is characterized by a focus on educational applications for children and teenagers, with companies developing various products and solutions [8][10] Group 2: Company Profiles - Keda Xunfei, established in December 1999, has the highest number of patents (2864) and ranks 7th in the 2024 AI Innovation Enterprises Top 100 [9] - Shengtong Co., founded in November 2000, has a registered capital of 537.59 million yuan and ranks 50th in the 2024 Beijing Manufacturing Enterprises Top 100 [9] - UBTECH, established in March 2012, has a registered capital of 419.56 million yuan and ranks 13th in the 2024 China Robotics Enterprises Top 50 [9] - Donggang Co., founded in March 1996, has a registered capital of 523.72 million yuan and ranks 36th in the 2023 Office Software Ranking [9] - Gaole Co., established in October 1989, has a registered capital of 94.72 million yuan [9] - Ruijun Technology, founded in November 2005, has a registered capital of 95.29 million yuan and ranks 19th in the 2024 Leading Enterprises in Trustworthy Innovation [9] - Yuejiang, established in July 2015, has a registered capital of 36 million yuan and ranks 11th in the 2024 China Hidden Unicorn Enterprises Top 500 [9] Group 3: Business Performance - In the first half of 2024, Keda Xunfei's education application product revenue reached approximately 2.86 billion yuan, with a gross margin of 51.76% [11][12] - Shengtong Co. generated 135 million yuan from technology education services, with a gross margin of 30.54% [12] - UBTECH's revenue from educational intelligent robots and solutions was 161 million yuan, with a gross margin of 19.1% [12] - Gaole Co. reported 3 million yuan from interactive toys, with a gross margin not specified [12] - Yuejiang's revenue from four-axis collaborative robots was 370 million yuan, with a gross margin of 30.52% [12] Group 4: Future Business Plans - Keda Xunfei plans to develop advanced AI systems for educational robots that can provide personalized learning assistance [13] - Shengtong Co. aims to create a comprehensive curriculum system for programming education and robotics [13] - UBTECH intends to enhance its platforms using large models and AIGC technology to improve teaching efficiency [13] - Gaole Co. focuses on integrating various technologies to enhance the intelligence of educational robots [13] - Donggang Co. is investing in AI and big data technologies to improve the capabilities of its educational robots [13] - Ruijun Technology will continue to optimize its educational robot, Tianhe C1, based on user feedback [13]

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Group 1 - The Shanghai Composite Index decreased by 0.46%, while the CSI All-Share Leisure Equipment and Supplies Index reported at 3414.80 points [1] - The CSI All-Share Leisure Equipment and Supplies Index has increased by 6.08% in the past month, 10.78% in the past three months, and 15.73% year-to-date [1] - The index is categorized into 11 primary industries, 35 secondary industries, over 90 tertiary industries, and more than 200 quaternary industries, with a base date of December 31, 2004, set at 1000.0 points [1] Group 2 - The top ten weights in the CSI All-Share Leisure Equipment and Supplies Index are: Nine Company (19.5%), Aofei Entertainment (14.79%), Zhonglu Co. (6.31%), Gaole Co. (5.12%), Huali Technology (4.75%), Yingpais (4.53%), Shifeng Culture (4.47%), Chuangyuan Co. (4.29%), Zhejiang Nature (4.28%), and Xinlong Health (4.15%) [1] - The market segments of the CSI All-Share Leisure Equipment and Supplies Index show that the Shenzhen Stock Exchange accounts for 59.62%, while the Shanghai Stock Exchange accounts for 40.38% [1] Group 3 - The sample of the CSI All-Share Leisure Equipment and Supplies Index consists entirely of leisure equipment and supplies [2] - The index sample is adjusted every six months, with adjustments implemented on the next trading day following the second Friday of June and December each year [2] - Temporary adjustments to the index sample will occur if there are special events affecting the industry classification of sample companies, and companies that are delisted will be removed from the index sample [2]