证券代码：833429 证券简称：康比特 公告编号：2025-050 北京康比特体育科技股份有限公司 2024 年年度权益分派实施公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 北京康比特体育科技股份有限公司 2024 年年度权益分派方案已获 2025 年 5 月 9 日召开的股东会审议通过，本次实施分配方案距离股东会审议通过的时间未 超过两个月。 现将权益分派事宜公告如下： 本次权益分派基准日合并报表归属于母公司的未分配利润为 401,729,879.04 元，母公司未分配利润为 392,302,442.61 元。本次权益分派共计派发现金红利 30,783,468.50 元。 一、权益分派方案 以公司股权登记日应分配股数 123,133,874 股为基数（应分配总股数等于股 权登记日总股本 124,500,000 股减去回购的股份 1,366,126 股，根据《公司法》等 规定，公司持有的本公司股份不得分配利润），向参与分配的股东每 10 股派 2.5 元人民币现金。 2、扣税说明 （1）个人股 ...

截至5月16日，北交所融资融券余额合计53.76亿元，较前一交易日减少3829.09万元，其中，融资余额 53.75亿元，较前一交易日减少3811.80万元，融券余额为62.68万元，较前一交易日减少17.28万元。 材 证券时报·数据宝统计显示，截至5月16日，北交所股票中，融资余额居前的为锦波生物、贝特瑞、艾融 软件，最新融资余额分别为2.94亿元、1.52亿元、1.46亿元，从最新融资余额占流通市值比例看，算术 平均值为1.08%，最新融资余额占流通市值比例居前的有派诺科技、美登科技、国子软件等，占比分别 为6.41%、5.43%、3.93%。 北交所股票中，5月16日共有117只股获融资净买入，净买入金额在百万元以上的有32只，通易航天融资 净买入额居首，当日净买入619.48万元，其次是康比特、建邦科技，融资净买入金额分别为467.86万 元、442.93万元，融资净买入金额居前的还有一诺威、旺成科技、大地电气等。融资净卖出金额居前的 股票为并行科技、七丰精工、丰光精密等，融资净卖出金额分别为827.55万元、535.90万元、490.90万 元。 分行业统计，获融资净买入超百万元的北交所股票中，汽 ...

Market Overview - The functional beverage market in China is projected to grow from CNY 111.9 billion in 2019 to CNY 166.5 billion by 2024, with a CAGR of 8.3%[3] - The electrolyte beverage segment, part of the functional beverage category, is gaining traction due to increased fitness awareness, with the proportion of people regularly exercising expected to rise from 37.2% in 2020 to 38.5% by 2025[3][18] Company Performance - Kangbiter, a key player in the sports nutrition sector, reported a revenue of CNY 1.04 billion in 2024, representing a year-over-year growth of 23.34%[31] - The company's net profit for 2024 was CNY 89.31 million, with gross and net profit margins of 39.41% and 8.60%, respectively[31] Stock Market Trends - The median stock price change for the North Exchange consumer service sector was +3.71% from May 12 to May 16, 2025, with 80% of the 35 tracked companies experiencing gains[35] - The total market capitalization of the North Exchange consumer service sector increased from CNY 112.2 billion to CNY 119.4 billion during the same period[40] Valuation Metrics - The median price-to-earnings (P/E) ratio for the food and beverage sector rose from 50.3X to 56.9X, indicating a positive market sentiment[46] - The overall P/E ratio for the broader consumer sector increased from 65.6X to 67.8X, reflecting strong investor interest[44] Industry Insights - The energy drink segment is the largest within the functional beverage market, expected to account for 66.9% of the total functional beverage sales by 2024, with a retail value of CNY 111.4 billion[10] - Domestic brands dominate the electrolyte beverage market, with significant competition from established players like Nongfu Spring and new entrants like Yuanqi Forest[23][24]

Summary of Key Points from Conference Call Records Industry/Company Overview - **Industry**: Rare Earths, Highway Operations, Satellite Communication, Waste Management, Sports Nutrition, E-commerce SaaS, Data Center Cooling - **Companies Mentioned**: 四川成渝 (Sichuan Chengyu), 普大科技 (Puda Technology), 潮蓝坏境 (Chao Lan Environment), 康比特 (Kangbiter), 光云科技 (Guangyun Technology), 磁谷科技 (Magnetic Valley Technology), 广晟有色 (Guangsheng Color), 中国稀土 (China Rare Earth), 英思特 (Instech), 大地态 (Dadi Tai) Core Insights and Arguments Rare Earths Industry - Overseas medium and heavy rare earth prices have surged, with European prices for oxide rising by 204%, leading to a domestic price increase due to widening price differentials [1][7] - The Chinese government has implemented export controls on certain rare earth products, which may lead to a supply shortage in the international market [7] - The price of rare earths is expected to rise as the supply becomes more concentrated and import minerals are controlled [7] Highway Operations (四川成渝) - 四川成渝 has shown significant growth in net profit, with a 16.61% year-on-year increase in Q1 2025, reaching 4.56 billion yuan [2] - The company is expected to maintain a high dividend payout ratio of over 60% in 2024, with a projected dividend yield of 5.05% [2] - Future profit forecasts for 2025-2027 are estimated at 15.8 billion, 17.1 billion, and 18.4 billion yuan, with corresponding PE ratios of 11, 10, and 10 times [2] Satellite Communication (普大科技) - The company is positioned to play a key role in satellite operations due to its core advantages in ground networks and satellite communication [2] - Expected net profit growth from 2.54 billion to 4.21 billion yuan from 2025 to 2027, indicating a significant growth trajectory [2] Waste Management (潮蓝坏境) - The company is set to become the second-largest national waste incineration operator in A-shares after acquiring 粤丰环保 [2] - Projected net profit growth from 17.7 billion to 20.4 billion yuan from 2025 to 2027, with a commitment to increase cash dividends by at least 10% annually [2] Sports Nutrition (康比特) - The sports nutrition market is rapidly growing, with a projected CAGR of 12.82% from 2024 to 2026 [2] - The company has a leading position in product categories and has developed a comprehensive digital sports technology service system [2] E-commerce SaaS (光云科技) - The company is a leader in e-commerce SaaS, with products widely used across major platforms [2] - Expected EPS growth from 0.02 to 0.14 yuan from 2025 to 2027, indicating strong future performance [2] Data Center Cooling (磁悬浮压缩机) - The demand for magnetic levitation compressors is expected to grow rapidly, with a market demand increase of at least 50% this year [2] - These compressors can improve energy efficiency by 10% to 40% compared to traditional models [2] Other Important Insights - The overall market sentiment has improved following progress in US-China tariff negotiations, but challenges remain for growth-oriented investments [4][5] - The focus is shifting towards large-cap value stocks and sectors benefiting from policy catalysts, such as military and non-ferrous metals [6] - The A-share market is seeing a significant interest in sectors like healthcare, machinery, and electronics, indicating a broadening of investment focus [10]

Group 1 - In the past month (from April 16 to May 15), 39 companies listed on the Beijing Stock Exchange (BSE) were investigated by institutions, with Yizhi Mogu being the most popular, receiving attention from 78 institutions [1] - The types of institutions conducting the research included 39 brokerages, 33 funds, 27 private equity firms, 19 insurance companies, and 5 overseas institutions [1] - The companies that received the most attention after Yizhi Mogu were Litong Technology, Kangbiter, and Jikang Instruments, with 75, 73, and 50 institutions participating in their investigations, respectively [1] Group 2 - The average stock price of the companies investigated by institutions increased by 10.33% over the past month, with 32 stocks rising, including Guohang Ocean, Jinbo Biological, and Lintai New Materials, which saw increases of 78.12%, 28.19%, and 26.01% respectively [2] - The average daily turnover rate for the investigated companies was 8.38%, with the highest turnover rates recorded for Wanda Bearings, Taihu Snow, and Lintai New Materials at 24.09%, 20.70%, and 17.40% respectively [2] - As of May 15, the average market capitalization of all companies on the BSE was 3.071 billion yuan, while the average market capitalization of the investigated companies was 4.820 billion yuan [2] Group 3 - The table lists various companies along with the number of institutions that investigated them, the number of investigations, latest closing prices, percentage changes, and their respective industries [3] - Notable companies include Yizhi Mogu with 78 institutions and a price increase of 17.17%, Litong Technology with 75 institutions and a price increase of 22.84%, and Jinbo Biological with 23 institutions and a price increase of 28.19% [3]

Group 1 - The core viewpoint of the article highlights the significant rise in food stocks, particularly noting that Xiwang Food has reached its daily limit increase [1] - Xiwang Food has experienced a limit increase, while other companies such as Yizhi Magic Tofu have risen over 10%, and companies like Kangbiter, Ximai Food, Knight Dairy, and Andeli have all seen increases of over 5% [1]

Investment Rating - The report gives an "Accumulate" rating for the company, marking it as the first coverage of the stock [6]. Core Viewpoints - The company is positioned as a leader in the sports nutrition industry, focusing on innovation and technology to drive growth in both sports nutrition products and digital sports technology services [7][10]. - The sports nutrition market is expected to grow significantly, with the global market projected to reach $25.19 billion by 2027, and the Chinese market expected to grow at a CAGR of 12.82% from 2024 to 2026 [8][43]. - The company has a strong competitive position, holding approximately 18% market share in the domestic sports nutrition sector, and is recognized for its role in setting industry standards [9][50]. Company Overview - The company, 康比特 (Kangbiter), operates in the food processing sector, with a total share capital of 124.5 million shares and a market capitalization of approximately 3,035.31 million yuan [3][6]. - The company focuses on four core business areas: sports nutrition products, health nutrition products, digital sports technology services, and contract processing [16][17]. Financial Performance - The company has shown steady revenue growth, with projected revenues of 1,040 million yuan in 2024, representing a 23% year-over-year increase [6]. - The net profit attributable to shareholders is expected to reach 124 million yuan in 2025, reflecting a 39% increase from the previous year [6]. - The company’s revenue from sports nutrition products accounted for 75.89% of total revenue in 2024, indicating a strong focus on this segment [24]. Industry Growth - The sports nutrition industry is experiencing robust growth, with the Chinese market reaching $950 million in 2023 and expected to grow significantly due to increasing fitness awareness among the population [8][45]. - The digital sports technology market is also expanding rapidly, with a projected growth from 492.6 billion yuan in 2024 to 657.8 billion yuan by 2027, driven by consumer demand for personalized health management solutions [10][61]. Competitive Landscape - The domestic sports nutrition market is characterized by high concentration, with major players including 西王食品 (Xiwang Food), 康比特 (Kangbiter), and 汤臣倍健 (Tongchen Beijian) collectively holding 64% of the market share [9][50]. - The company has established itself as a key supplier for national training teams and has a strong portfolio of proprietary technologies and patents, enhancing its competitive edge [53][55]. Research and Development - The company emphasizes research and development, with a dedicated team and significant investment in innovation, resulting in 226 proprietary intellectual properties as of the end of 2023 [9][32]. - The R&D expenditure reached 32.62 million yuan in 2024, representing a commitment to maintaining product competitiveness and technological advancement [32][53].

2024 年年度股东会的法律意见书 北京市君致律师事务所 关于北京康比特体育科技股份有限公司 本所律师根据《中华人民共和国公司法》《中华人民共和国证券法》《北京 证券交易所股票上市规则》以及《北京康比特体育科技股份有限公司章程》（以 下简称《公司章程》）的要求，按照律师行业公认的业务标准、道德规范和勤勉 尽责精神，对本次股东会的召集与召开程序、出席会议人员资格、召集人资格、 会议表决程序和表决结果等重要事项进行核查和验证，并据此发表法律意见如下： 一、本次股东会的召集、召开程序 致：北京康比特体育科技股份有限公司 北京市君致律师事务所（以下简称"本所"）接受北京康比特体育科技股份 有限公司（以下简称"公司"）的委托，指派律师出席了公司于 2025 年 5 月 9 日召开的 2024 年年度股东会（以下简称"本次股东会"）。 本所及经办律师依据《中华人民共和国证券法》《律师事务所从事证券法律 业务管理办法》和《律师事务所证券法律业务执业规则（试行）》等规定及本法 律意见书出具日以前已经发生或者存在的事实，严格履行了法定职责，遵循了勤 勉尽责和诚实信用原则，进行了充分的核查验证，保证本法律意见所认定的事实 真实、 ...

证券代码：833429 证券简称：康比特 公告编号：2025-048 北京康比特体育科技股份有限公司 2024 年年度股东会决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2025 年 5 月 9 日 2.会议召开地点：北京市昌平区何营路九号院康比特健康产业园 2 号楼 2 层 会议室 3.会议召开方式：现场投票与网络投票相结合 4.会议召集人：董事会 5.会议主持人：董事长白厚增先生 本次会议召集、召开、议案审议程序等方面符合有关法律、行政法规、部门 规章、规范性文件和《公司章程》的规定。 （二）会议出席情况 出席和授权出席本次股东会的股东共 16 人，持有表决权的股份总数 60,271,292 股，占公司有表决权股份总数的 48.95%。 其中通过网络投票参与本次股东会的股东共 3 人，持有表决权的股份总数 11,237,384 股，占公司有表决权股份总数的 9.13%。 （三）公司董事、监事、高级管理人员出席或列席股东会情况 ...

Group 1: Investor Relations Activities - The company conducted investor relations activities including specific object research and performance briefings from May 7 to May 8, 2025 [3] - Participants included various securities and asset management firms, with key company representatives present [3] Group 2: Sales and Market Strategy - The company is optimizing its e-commerce operations but cannot disclose specific sales growth rates due to lack of data from platforms [4] - The company plans to enhance marketing efforts for its sub-brand, 康食季, to improve product visibility [5] - There are no current plans to expand overseas sales channels, but the company is focusing on building a physical sales network [6] Group 3: Product Development and Innovation - The company is exploring the development of non-sport beverages and plans to launch a new sports drink, focusing on taste and packaging improvements [6] - The company has signed military supply orders for 2024, which will be executed in 2025, with military products accounting for approximately 10% of revenue [8] - The company is investing 100 million yuan in expanding its production capacity for sports nutrition products [9] Group 4: Financial Performance and Management - Accounts receivable increased due to military sales, while inventory rose to ensure business continuity [10] - The company aims to enhance gross margins through technological innovation and supply chain optimization [11] - The company has 198 authorized patents, with significant advancements in product development, including a new high-quality protein product [20] Group 5: Social Responsibility and Community Engagement - The company launched the "Public Energy Rabbit" initiative to support runners in marathons, participating in nearly 470 events in 2024 [14] - Future plans include expanding social responsibility projects and promoting sports nutrition knowledge in communities [15] Group 6: Market Trends and Regulatory Environment - The health and sports nutrition industry is experiencing growth due to government policies promoting health consumption and sports participation [21] - The company plans to establish four product project teams targeting protein supplementation, energy products, weight control, and professional sports markets [22] Group 7: Profitability and Operational Efficiency - The company is focused on high-quality operations, with improved inventory turnover from 2.34 in 2022 to 3.02 in 2024 [23] - The accounts receivable turnover increased from 9.5 in 2022 to 14.84 in 2024, indicating enhanced operational efficiency [23]