Core Viewpoint - The company announced the approval of a proposal to use its own funds to pay for part of the fundraising project and to replace it with equivalent fundraising funds, specifically for the "Phase II Expansion Project of the Performing Arts Lighting Equipment Production Base" [2] Group 1 - The fourth meeting of the fourth board of directors will be held on September 22, 2025 [2] - The implementation entity for the fundraising project is the company's wholly-owned subsidiary, Jiangmen Haoming Electronics Co., Ltd. [2] - The funds replaced by the fundraising will be treated as funds used for the fundraising project [2]

截至发稿，浩洋股份市值为60亿元。 每经头条（nbdtoutiao）——5万亿ETF的370名基金经理薪酬大揭秘！他们的日常工作，就是跟着指数 买股票吗？ 2024年1至12月份，浩洋股份的营业收入构成为：演艺灯光设备占比100.0%。 （记者 王晓波） 每经AI快讯，浩洋股份（SZ 300833，收盘价：47.16元）发布公告称，2025年9月18日至2025年9月19 日，浩洋股份接受中泰证券等投资者调研，公司董事会秘书劳杰伟参与接待，并回答了投资者提出的问 题。 ...

证券研究报告 公司研究 [Table_ReportType] 公司点评报告 [Table_StockAndRank] 浩洋股份(300833) 投资评级 上次评级 姜文镪 新消费行业首席分析师 执业编号：S1500524120004 邮箱：jiangwenqiang@cindasc.com [Table_S 下游需求乐观。 ummary]Live Nation Q2 收入同比+16.3%（ Q1 同比-11.0%），其中演唱 会/门票收入同比分别+19%/+2%（ Q1 同比分别-14%/-4%）。北美市场表现平 稳，欧洲、亚太需求强劲，粉丝数量增长优异，且公司对 25H2 增长趋势保持信 心。 代工&品牌订单共振修复。我们判断，公司 Q2 收入承压主要系美国市场受关税 扰动下滑显著，以及国内竞争加剧 行业出口受阻后转内销），非美地区整体表 现稳定；盈利下滑主要系费用摊销不足，且新增 SGM 投入、汇兑扰动等，毛利 率保持高位稳定、印证关税传导能力。我们预计，伴随 1）新产品放量、2）代 工前期受自主品牌扩张影响阶段性收缩的客户订单逐步回流、3）自主品牌订单 关税扰动减弱后逐步回暖，整体公司发货&订单体量或已 ...

Group 1 - The company, Haoyang Co., Ltd. (SZ 300833), announced that it will participate in an investor survey on August 27, 2025, with the company secretary, Lao Jiewei, addressing investor questions [1] - For the year 2024, Haoyang Co., Ltd.'s revenue composition is entirely from performance lighting equipment, accounting for 100.0% [2] - As of the latest report, Haoyang Co., Ltd. has a market capitalization of 4.9 billion yuan [3]

Summary of Key Points Core Viewpoint - The company has decided to postpone the expected completion dates for several fundraising investment projects due to various external and internal factors affecting the investment progress, while maintaining the original investment amounts and project contents [3][6][9]. Group 1: Fundraising Overview - The company raised a total of RMB 1,098,161,380.00 from the public offering of 21,082,000 shares at a price of RMB 52.09 per share, with the funds deposited in a designated account as of May 14, 2020 [1]. - A tripartite supervision agreement was signed with the underwriting institution and a bank to manage the raised funds [1]. Group 2: Project Status and Adjustments - The company has adjusted the expected completion dates for the following projects: - "Upgrading and Expanding the Performing Arts Lighting Equipment Production Base" and "Domestic Marketing and Product Display Platform Upgrade" to December 31, 2027 - "Phase II Expansion of the Performing Arts Lighting Equipment Production Base" to December 31, 2027 [4][5]. - The total amount of funds used for these projects as of June 30, 2025, is RMB 60,165.12 million, with a total commitment of RMB 99,771.34 million [5]. Group 3: Reasons for Delay - The delay is attributed to economic adjustments, slower growth rates, and uncertainties in international trade, which have impacted the investment process and project timelines [6]. - The company has taken a cautious approach in planning the use of raised funds, considering the actual needs and market conditions [6]. Group 4: Impact of Delay - The postponement of project timelines does not alter the total investment amounts, project contents, or implementation entities, and is not expected to have a significant impact on the company's current operations [6][9]. - The board of directors and independent directors have approved the delay, affirming that it aligns with the company's development plans and regulatory requirements [8][9].

Group 1 - The core viewpoint of the articles highlights the booming concert economy, which has significantly boosted the performance of companies in the entertainment and related sectors [1][2][3] - Haoyang Co., a leading global stage lighting company, reported a revenue of 709 million yuan in the first half of 2023, representing a year-on-year increase of 24.16%, and a net profit of 223 million yuan, up 27.12% year-on-year [1] - The concert industry has seen a remarkable recovery, with a 400.86% increase in performance events and a 673.49% rise in ticket revenue in China during the first half of 2023 [2] Group 2 - The concert economy is driven by the increasing disposable income of residents and the upgrading of cultural consumption, particularly among the younger generation [3] - Companies like Zhouming Technology and Leyard also reported growth, with Zhouming achieving a revenue of 3.299 billion yuan, up 4.21%, and a net profit of 221 million yuan, up 81.33% [2] - Companies are actively expanding their presence in the concert sector, with Haoyang Co. focusing on developing products tailored to domestic market needs [3]

Group 1: Company Performance and Sales - In 2024, the company's sales volume of performance equipment decreased from 93,400 units in 2023 to 89,800 units, with a sales rate dropping below 90% [1] - The company's revenue for 2024 was approximately RMB 1.212 billion, with a net profit of about RMB 302 million, reflecting a year-on-year revenue decline of 7.12% [9] - The first quarter of 2025 saw a significant decline in both revenue and net profit due to the ongoing investment in the newly acquired Danish company SGM, which has led to increased costs [2] Group 2: Market Strategy and Customer Concentration - The top five customers accounted for 56.28% of the total annual sales, raising concerns about the stability of the company's operations [2] - The company plans to enhance its domestic market presence, which currently only accounts for 11.21% of sales in 2024, by integrating technology and market resources [6] Group 3: Research and Development - In 2024, the company's R&D investment reached RMB 85.85 million, representing a year-on-year increase of 51.05% [8] - The company aims to maintain or improve its gross margin and operational quality through continuous product innovation and development [4] Group 4: Competitive Advantages and Future Plans - The company holds significant competitive advantages, including product and brand recognition, with 119 new patents granted in 2024, including 33 domestic and foreign invention patents [5] - Future growth strategies include expanding product lines and enhancing market penetration through continuous innovation and deeper collaboration with existing customers [5]