（编辑 姚尧） 证券日报网讯 1月7日，乐歌股份在互动平台回答投资者提问时表示，公司始终专注于线性驱动核心技 术的深化与应用创新，多年来围绕线性驱动核心技术，在智能家居与智慧办公领域开展创新应用，同 时，随着AI、机器人技术的不断进步，乐歌机器人研究院基于公司整体战略，在生产制造自动化、仓 储物流自动化和智能家居关键技术等方面进行前瞻性研究，有些研究成果已经实现应用。 ...

Group 1 - The company plans to acquire 100% equity of Shenzhen Wandeng Guangdian Technology Co., Ltd. through a combination of stock issuance and cash payment [1] - This acquisition is subject to approval by the shareholders' meeting and relevant regulatory authorities, indicating a significant level of uncertainty regarding final approval [1]

Core Viewpoint - Mousse Co., Ltd. (001323.SZ) experienced a stock price decline, closing at 25.73 yuan, with a drop of 2.13% [1] Group 1: Company Overview - Mousse Co., Ltd. was listed on the Shenzhen Stock Exchange on June 23, 2022, with an issuance of 40.01 million shares at a price of 38.93 yuan per share [1] - The stock reached its highest price of 61.67 yuan on June 24, 2022, the day after its listing, but is currently in a state of decline [1] Group 2: Financial Details - The total amount raised from the initial public offering (IPO) was 155,758.93 million yuan, with net proceeds of 147,714.38 million yuan after deducting issuance costs of 8,044.55 million yuan [1] - The IPO costs included approximately 5,700.00 million yuan for sponsorship and underwriting fees [1] Group 3: Future Plans - Mousse Co., Ltd. plans to use the raised funds for projects including the construction of a health bedding production line in East China, a digital marketing project, and the establishment of a health sleep technology research center [1] - A dividend plan was announced for August 15, 2025, proposing a stock bonus of 1 share for every 10 shares held, with the ex-dividend date and listing date set for August 21, 2025 [1]

免责声明：本文内容与数据由观点根据公开信息整理，不构成投资建议，使用前请核实。 观点网讯：近日，德华兔宝宝装饰新材股份有限公司在浙江省湖州市新设全资子公司湖州兔宝宝家居装 饰有限公司，法定代表人为沈怡强，注册资本500万元。 新公司经营范围包括家用电器零配件销售、家用电器安装服务、电气设备销售及灯具销售等，由兔宝宝 100%持股。 ...

Core Insights - Estonia's industrial output increased by 3.4% year-on-year in November 2025, according to the Estonian Statistics Office [1] Group 1: Industry Performance - The mining sector experienced a significant growth of 10% year-on-year [1] - The manufacturing sector saw a growth of 4.5% year-on-year [1] - The energy sector, however, faced a decline of 8.7% year-on-year [1] Group 2: Manufacturing Sub-sectors - The production of motor vehicles, trailers, and semi-trailers surged by 57.7% year-on-year [1] - The computer and electronic equipment manufacturing sector grew by 4.4% year-on-year [1] - The wood processing industry recorded a modest growth of 1% year-on-year [1] - Conversely, the furniture manufacturing sector declined by 4.3% year-on-year [1] - The food manufacturing sector also saw a decrease of 4.1% year-on-year [1] - The metal products manufacturing sector experienced a slight decline of 0.7% year-on-year [1] - The electrical equipment manufacturing sector had a minimal decrease of 0.1% year-on-year [1]

Core Viewpoint - Nanshing Co., Ltd. has experienced a significant decline in profitability and shareholder confidence, yet its stock has seen consecutive trading limits, raising questions about the underlying reasons for this market behavior [1]. Group 1: Financial Performance - The company's revenue from 2021 to 2024 was 2.777 billion, 2.96 billion, 3.629 billion, and 3.332 billion yuan, indicating a downward trend starting in 2023 [4]. - The gross profit margin has consistently decreased from 23.48% in 2021 to 18.99% in 2024, with a further drop to 16.3% in the first half of 2025 [6]. - Nanshing's net profit attributable to shareholders was 291 million, 290 million, 173 million, and -175 million yuan from 2021 to 2024, showing a continuous decline in profitability [11]. - The company reported a net profit forecast for 2025 between 90 million and 120 million yuan, a significant improvement from a loss of 175 million yuan in the previous year [10]. Group 2: IDC Business and Market Position - Nanshing Co. aims to enhance its performance through its IDC and cloud computing services, which have grown to account for 53.96% of its revenue by the first half of 2025, up from 0.52% in 2020 [14]. - Despite the increase in revenue share, the IDC business has a low gross profit margin of around 10%, which is significantly below the industry average of 30%-35% for major players [14]. - The company has faced challenges in integrating its acquired IDC subsidiary, leading to substantial asset impairment losses, which reached 385 million yuan in 2024 [7]. Group 3: Shareholder Dynamics - The proportion of shares held by the top ten shareholders decreased from 46.33% to 41.64% in 2025, indicating a significant exit of institutional investors [19]. - The company's stock price has been under pressure, with a notable reduction in shareholding by key stakeholders, including a recent sale by the vice president [20].

Group 1 - The core viewpoint of the article is that Lege Co., Ltd. has developed its own warehouse robots, which are currently being used primarily for internal operations to enhance work efficiency [2] Group 2 - The company has responded to investor inquiries on its interactive platform regarding the development and application of these robots [2]

证券日报网讯1月6日，乐歌股份（300729）在互动平台回答投资者提问时表示，新投入使用的自建海外 仓是公司践行智能化、自动化战略的重要载体。公司加快自建仓建设，降低仓租成本，构筑独一无二的 长期壁垒；实施降本增效，推进尾程物流降本和美国仓网建设，加强海外仓自动化和信息化投入，提高 运营效率，改善利润率；完善海外仓全链路跨境物流服务体系建设，进一步加强港口拖柜、头程货代业 务能力，提升客户粘性与吸引力，不断提升运营能力和服务质量，确保海外仓业务营收持续高增长。通 过大规模应用自研的自动化设备与信息系统，将显著提升单仓的作业效率、准确率和人均产出，这是构 建公司海外仓网络未来成本领先与高效服务核心竞争力的关键路径。 ...

（编辑 楚丽君） 证券日报网讯 1月6日，乐歌股份在互动平台回答投资者提问时表示，公司海外仓一般可分为第三方海 外仓、平台海外仓以及卖家自用海外仓三种运营模式，可提供头程海运、目的港清关、目的港拖车、仓 储管理、尾程快递、尾程卡派、反向物流等全流程跨境物流综合服务。 ...

证券日报网讯 1月6日，乐歌股份在互动平台回答投资者提问时表示，公司研发的部分智慧物流产品已 在自有仓投入应用，旨在提升作业效率。目前以自用为主，未来视技术成熟度和市场需求，可能考虑对 外提供解决方案。 （编辑 丛可心） ...