Core Viewpoint - The legal opinion issued by Sundial Law Firm confirms the legality and validity of the procedures, qualifications of attendees, and voting results of the 2024 annual general meeting of Shenzhen Xinlong Health Industry Development Co., Ltd. [1][9] Group 1: Meeting Organization - The annual general meeting was convened by the company's board of directors, with a resolution made on April 21, 2025, to hold the meeting [3] - The notice for the meeting was published on April 23, 2025, and the record date for shareholder registration was set for May 14, 2025 [3][4] Group 2: Meeting Execution - The meeting was conducted using a combination of on-site voting and online voting, with the on-site meeting held on May 20, 2025, at 14:00 in Shenzhen [4] - Online voting was facilitated through the Shenzhen Stock Exchange trading system and internet voting system, with specific time slots for participation [4] Group 3: Attendee Qualifications - A total of 245 shareholders and their proxies attended the meeting, representing 176,993,560 shares, which is 48.0882% of the total voting shares [5] - Among those, 3 shareholders attended the on-site meeting, holding 175,737,560 shares, accounting for 47.7470% of the total voting shares [5] Group 4: Voting Procedures and Results - The voting process adhered to relevant laws and regulations, combining on-site and online voting methods [6] - The voting results showed overwhelming support for the proposals, with approval rates exceeding 99% for most resolutions, indicating strong shareholder backing [6][8]

Group 1: Stock Market Activity - On the institutional leaderboard, 30 stocks were listed, with 16 seeing net purchases and 14 experiencing net sales [1] - The top three stocks with the highest net purchases by institutions were Zhongzhou Special Materials (CNY 345 million), Beingmate (CNY 154 million), and Yifang Bio (CNY 97.38 million) [1][2] Group 2: Pet Economy - The pet economy is experiencing rapid growth, with companies like Tianyuan Pet and Yuanfei Pet showcasing a wide range of products including pet beds, food, and toys [2] - The upcoming 2025 Shanghai Pet Expo is expected to break historical records in terms of attendance and transaction volume, indicating strong market interest [2] - According to a report by Founder Securities, the pet sector's listed companies have shown better-than-expected performance, driven by industry expansion and domestic brand development [3] Group 3: Millet Economy - The millet economy in China is projected to reach a market size of CNY 168.9 billion in 2024, with a year-on-year growth of 41%, and is expected to exceed CNY 200 billion by 2025 [5] - The potential for growth in the millet industry is significant due to the underdeveloped commercial chain for IP development and licensing in China compared to the US and Japan [5] - Guotai Junan highlights that various toy categories, including IP toys, are expected to see explosive growth, making companies with strong IP, product, and channel advantages worth monitoring [5]

Group 1: Financial Performance - In Q1 2025, the total revenue was ¥454,501,448.68, with a net profit of ¥28,024,018.56, representing a significant increase in profitability [4] - For 2024, the company reported a revenue growth of 42.73% compared to 2023, with a net profit increase of 40.65% [10] - The company achieved a net exchange gain of ¥31,779,700, which is an increase of 89.30% year-on-year due to fluctuations in the USD/RMB exchange rate [8] Group 2: Market and Product Development - The company’s overseas business accounts for 98% of total revenue, with 85% of exports directed to the U.S. market [2] - In 2024, sales in the cultural education, arts and crafts, sports, and entertainment products manufacturing sectors grew by 38.80% [2] - The company plans to expand its cross-border e-commerce business into European markets and is currently developing its presence on platforms like TikTok [3] Group 3: Strategic Initiatives - The company aims to implement a "dual circulation" market strategy to reduce reliance on overseas markets while enhancing domestic market presence [8] - In 2025, the company will focus on "internal and external dual circulation, R&D-driven, and ecological symbiosis" as its core strategies [7] - The company plans to invest $18 million in its Southeast Asian production base to enhance its supply chain capabilities [7] Group 4: Competitive Landscape - The company anticipates a 10.33% increase in R&D investment in 2024 to strengthen its innovation capabilities [5] - The cross-border e-commerce business is expected to grow by 81.22% in 2024, accounting for 29.68% of total revenue [5] - The company is addressing competitive pressures by building a three-pronged development system of R&D, manufacturing, and market expansion [5] Group 5: Industry Context - In 2024, the overall revenue for large-scale cultural and sports goods manufacturing enterprises reached ¥315.3 billion, with a year-on-year growth of over 4% [9] - The sports goods manufacturing sector achieved a revenue of ¥134.6 billion, reflecting a 10% increase year-on-year [9] - The export value for the cultural and sports goods industry was $65.278 billion, marking a 3.23% increase compared to the previous year [9]

Group 1 - The new company "Wenzhou Daolai Jade Carving Co., Ltd." was established by internet celebrity "Chai Dui Dui" with a registered capital of 100,000 RMB, focusing on jewelry manufacturing and sales [1] - The company operates in various sectors including jewelry manufacturing, wholesale, repair services, and internet sales, and is co-owned by Chai Dui Dui and Wenzhou Daolai Jewelry Co., Ltd. [1] - The establishment of the company coincides with ongoing legal disputes involving Chai Dui Dui and another business, highlighting potential reputational risks [1] Group 2 - Artist Huang Zitao announced the launch of his sanitary napkin brand "Duo Wei," with a product release event scheduled for May 18, showcasing the supply chain and production process [3] - The new product line will include additional sizes and types based on consumer feedback, indicating a responsive approach to market demands [3] - Huang Zitao emphasized competitive pricing while maintaining product quality, although specific price details were not disclosed [3] Group 3 - Pinduoduo has officially launched "Pinduoduo Yizhan," a service that supports 24-hour self-service package collection and home delivery, expanding its logistics capabilities [5] - The service has been extended to several provinces, indicating a strategic move to enhance customer convenience and operational reach [5] Group 4 - WeChat's small store team introduced a "Good Store" badge incentive policy, effective from May 16, aimed at encouraging merchants to improve competitiveness [6] - Merchants can earn different types of badges based on evaluation criteria, which will be displayed prominently to attract more traffic [6] Group 5 - JD.com has initiated a quality recruitment campaign for its food delivery service, incentivizing users to recommend quality restaurants for onboarding [8] - The platform aims to ensure compliance and enhance service quality by focusing on restaurants that provide dine-in services, thereby improving customer experience [8] Group 6 - The live streaming sales data shows "Xiao Bei Jewelry" leading with over 100 million in sales, indicating strong market performance in the jewelry sector [10] - "Oriental Selection" made a notable return to the rankings, reflecting competitive dynamics in the live commerce space [10]

Group 1 - Jiangsu Kangliyuan Sports Technology Co., Ltd. has obtained a patent for a "round pipe processing device," with the authorization announcement number CN222805935U, and the application date is June 2024 [1] - The patent describes a device in the round pipe processing field that includes upper and lower templates, with the lower template featuring a mold groove for the round pipe, significantly improving work efficiency by completing three actions (flattening, cutting arcs, and punching) in one movement [1] - The design of the device reduces precision issues caused by using multiple molds, thereby saving production costs and demonstrating practical effectiveness, making it worthy of promotion in the current market [1] Group 2 - Jiangsu Kangliyuan Sports Technology Co., Ltd. was established in 1998 and is located in Xuzhou, primarily engaged in the manufacturing of cultural, educational, artistic, sports, and entertainment products [2] - The company has a registered capital of 66.67 million RMB and has made investments in 11 enterprises, participated in 542 bidding projects, and holds 310 patent information records [2] - Additionally, the company possesses 22 trademark information records and 19 administrative licenses [2]

Group 1: IPO Withdrawals - Four companies withdrew their IPO applications from the Shanghai, Shenzhen, and Beijing stock exchanges during the week of April 21 to April 27, 2025 [1] - The companies include Zhejiang Shenghua Yunfeng New Material Co., Ltd., Xiamen Duyuan Outdoor Products Co., Ltd., Tangshan Tianhe Environmental Protection Technology Co., Ltd., and Xi'an Boda Software Co., Ltd. [2] Group 2: Company Profiles - Zhejiang Shenghua Yunfeng New Material Co., Ltd. specializes in the design, research and development, production, and sales of indoor decoration materials and customized home products, including artificial boards and wooden flooring [3] - Xiamen Duyuan Outdoor Products Co., Ltd. focuses on the research, design, production, and sales of RV and yacht accessories, as well as water sports products [5] - Tangshan Tianhe Environmental Protection Technology Co., Ltd. manufactures specialized equipment for coal mining and non-coal mining, including crushing and drying equipment [7] - Xi'an Boda Software Co., Ltd. provides intelligent services for multimedia digital content, focusing on software development and implementation for various industries [9] Group 3: Financial Performance and Analysis - Zhejiang Shenghua Yunfeng reported total assets of 2,468.51 million yuan and a net profit of 148.56 million yuan for the first half of 2024, with a significant increase in total assets from 1,523.54 million yuan in 2022 [4] - Xiamen Duyuan's total assets reached 302.98 million yuan in 2022, with a net profit of 70.60 million yuan, but over 80% of its revenue comes from overseas markets, making it vulnerable to international trade tensions [6] - Tangshan Tianhe's revenue for 2023 was 194.32 million yuan, with a net profit of 29.29 million yuan, but it has faced challenges in maintaining consistent profitability [8] - Xi'an Boda reported a net loss of 11.91 million yuan in 2024, with a decline in its net profit from previous years, indicating ongoing financial difficulties [10]

智通财经4月21日电，创源股份(300703.SZ)发布2025年第一季度报告，公司营业收入为4.55亿元，同比 增长40%，归属于上市公司股东的净利润为2050.42万元，同比增长218.33%。营业收入增长主要原因为 跨境电商业务销售增长。 创源股份：一季度净利润同比增长218% ...