8月26日，悍高集团跌0.41%，成交额3.36亿元。两融数据显示，当日悍高集团获融资买入额1952.54万 元，融资偿还3085.76万元，融资净买入-1133.22万元。截至8月26日，悍高集团融资融券余额合计 8551.50万元。 截至7月30日，悍高集团股东户数5.60万，较上期增加509145.45%；人均流通股623股，较上期增加 0.00%。2025年1月-3月，悍高集团实现营业收入6.26亿元，同比增长26.75%；归母净利润1.16亿元，同 比增长40.31%。 责任编辑：小浪快报 资料显示，悍高集团股份有限公司位于广东省佛山市顺德区杏坛镇顺业东路36号之一，成立日期2004年 9月13日，上市日期2025年7月30日，公司主营业务涉及从事家居五金及户外家具等产品的研发、设计、 生产和销售,将多元化的原创设计与高品质产品有机融合,致力于为客户提供外观精致、用材考究、实用 性强的家居收纳五金、基础五金、厨卫五金以及户外家具等产品。 融资方面，悍高集团当日融资买入1952.54万元。当前融资余额8551.50万元，占流通市值的4.55%。 融券方面，悍高集团8月26日融券偿还0.00股，融券卖出 ...

Group 1 - The company, Hanhigh Group (001221.SZ), is primarily engaged in the research, design, production, and sales of home hardware and outdoor furniture products [1] - The company has not established a partnership with Huawei for smart home solutions [1] - The company is closely monitoring the development trends in home automation and AI [1]

Group 1 - The company is primarily engaged in the research, design, production, and sales of home hardware and outdoor furniture products [1] - The company has not established a partnership with Huawei's whole-home smart solutions [1] - The company is closely monitoring developments in home automation and AI, and will provide updates in future announcements [1]

Audit Opinion - The audit report states that the financial statements of Hanhigh Group Co., Ltd. fairly reflect the financial position and operating results for the years ending December 31, 2022, 2023, and 2024, in accordance with accounting standards [2]. Key Audit Matters - Revenue recognition is identified as a key audit matter due to the significant impact on the company's operating results and the risk of manipulation given the diverse and numerous customer base [3]. - The carrying value of long-term assets, including fixed and intangible assets, is also a key audit matter, with values of CNY 392 million, CNY 662 million, and CNY 1.015 billion for the years ending December 31, 2022, 2023, and 2024, respectively, representing 27.99%, 33.51%, and 40.58% of total assets [4]. Management Responsibilities - The management of Hanhigh Group is responsible for preparing financial statements that fairly reflect the company's financial position and for maintaining necessary internal controls to prevent material misstatements due to fraud or error [5]. Auditor Responsibilities - The auditors aim to obtain reasonable assurance that the financial statements are free from material misstatement, whether due to fraud or error, and to issue an audit report that includes their opinion [6]. Company Overview - Hanhigh Group Co., Ltd. is registered in Shunde District, Foshan City, with a registered capital of CNY 360 million. The company primarily engages in the research, design, production, and sales of home hardware and outdoor furniture [8][15]. Financial Reporting Basis - The financial statements are prepared based on the going concern assumption and in accordance with the accounting standards issued by the Ministry of Finance [16]. Important Accounting Policies - The company has established specific accounting policies and estimates, including methods for bad debt provision, inventory valuation, depreciation of fixed assets, and revenue recognition [16]. Consolidated Financial Statements - The company has included nine subsidiaries in its consolidated financial statements for the year 2023 and twelve subsidiaries for the year 2024 [15]. Financial Instruments - The company classifies financial assets into three categories: those measured at amortized cost, those measured at fair value with changes recognized in other comprehensive income, and those measured at fair value with changes recognized in profit or loss [25][26].

Core Viewpoint - Han Gao Group's IPO registration has been approved by the China Securities Regulatory Commission, allowing it to list on the Shenzhen Stock Exchange, despite facing challenges such as declining outdoor furniture sales and product quality issues [1][3][4]. Group 1: IPO and Financials - Han Gao Group plans to issue no more than 40.01 million shares, accounting for at least 10% of the total share capital, aiming to raise 420 million yuan for various projects including an automated manufacturing base and R&D center [3]. - The company has experienced consistent revenue growth, but its outdoor furniture sales have shown a downward trend, with sales volumes dropping from 300,000 units in 2021 to 173,400 units in 2023 [4]. Group 2: Sales Performance - Outdoor furniture sales revenue decreased from 238 million yuan in 2021 to 188 million yuan in 2023, with year-on-year declines of 8.23% in 2022 and 14.15% in 2023 [4]. - The company's overseas revenue also declined from 373 million yuan in 2021 to 270 million yuan in 2023, indicating a trend of decreasing international sales [5]. Group 3: Product Quality Issues - Han Gao Group has faced scrutiny for product quality, with its "Han Gao" brand smart clothes drying rack being listed among non-compliant products by the Jiangsu Consumer Protection Committee [6]. - The company has previously appeared on China's top ten quality blacklist for home products due to multiple instances of product non-compliance [6]. Group 4: Return and Exchange Trends - The return and exchange amounts for the company's e-commerce model increased from 9.06 million yuan in 2021 to 8.88 million yuan in 2024, primarily due to consumer returns during the no-reason return period [7]. - The total return and exchange amount across all channels was 12.46 million yuan in 2024, down from 16.16 million yuan in 2023 [8]. Group 5: Dealer Management Risks - The company has highlighted risks associated with dealer management, as a significant portion of its domestic revenue comes from offline dealers, which accounted for 49.81% to 57.44% of total revenue from 2022 to 2024 [9][10]. - The number of dealers has fluctuated, with 80 new dealers added in 2022 but 49 exiting, indicating potential instability in dealer relationships [9].