Core Viewpoint - The company, Qunxing Toys, reported a revenue of 175.53 million yuan for the first half of the year, a year-on-year increase of 38.4%, but faced a net loss of 17.06 million yuan, a decline of 158.6% compared to the previous year, indicating a significant disparity between revenue growth and profitability [1][4]. Revenue and Profitability - The main revenue driver for the company is liquor sales, which accounted for over 80% of total revenue in the first half of the year, but with a low gross margin of only 2.32% [1][5]. - The newly launched computing power business generated 18.11 million yuan in revenue, representing 10.32% of total revenue, but is currently operating at a loss with a gross margin of -88.66% [2][4]. Business Expansion and Challenges - The company is attempting to enter the AI sector through a planned acquisition of Hangzhou Tiankuan Technology, but this initiative has seen no substantial progress in over six months [5][9]. - Despite the challenges, the company has secured a significant contract worth 113 million yuan with Tencent for computing power services, effective from April 2025 [6]. Shareholder Dynamics - The shareholder structure has changed, with an increase in individual shareholders, including notable investors who have recently entered the top ten shareholders list [7][9]. - The stock price has declined approximately 30% since the announcement of the acquisition plan, reflecting market skepticism about the company's future prospects [10].

证券代码：002575 证券简称：群兴玩具 公告编号：2025-017 广东群兴玩具股份有限公司 第五届董事会第二十一次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 二、董事会会议审议情况 经与会全体董事认真审议后，采用记名投票表决的方式审议通过了如下议 案： 因公司算力业务拓展需要，公司孙公司杭州图灵引擎科技有限公司(以下简 称"图灵引擎科技")与腾讯科技（深圳）有限公司（以下简称"腾讯"）签订 算力服务协议，图灵引擎科技向腾讯提供集群算力服务。 具体内容详见公司同日披露于巨潮资讯网(www.cninfo.com.cn)《关于孙公司 签订算力服务协议的公告》（公告编号：2025-018）。 本次交易在公司董事会审批权限范围内，本议案无需提交股东大会审议。 表决情况：6票同意，0票反对，0票弃权。 三、备查文件 特此公告。 广东群兴玩具股份有限公司董事会 广东群兴玩具股份有限公司（以下简称"公司"）第五届董事会第二十一 次会议于2025年5月16日以现场和通讯相结合的方式召开，会议通知于近日以电 子邮件、电话和专人送达的 ...

智通财经5月18日电，群兴玩具(002575.SZ)公告称，公司孙公司图灵引擎科技与腾讯科技（深圳）有限 公司（简称"腾讯"）签订了算力服务协议，向腾讯提供集群算力服务，包括但不限于计算类、存储类、 网络类、数据库类、安全类、人工智能及机器学习类产品及相关技术服务，算力服务协议金额为1.13亿 元。 群兴玩具：孙公司与腾讯签订1.13亿元算力服务协议 ...