证券代码：600987 证券简称：航民股份 公告编号：2024-019 浙江航民股份有限公司 2023 年年度权益分派实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： 每股分配比例 A 股每股现金红利 0.3 元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2024/5/16 | － | 2024/5/17 | 2024/5/17 | 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 3. 分配方案： 本次利润分配以方案实施前的公司总股本 1,050,818,859 股为基数，每股派发现金红利 0.3 元（含税），共计派发现金红利 315,245,657.70 元。 1. 发放年度：2023 年年度 2. 分派对象： 三、 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | - ...

| | 获取合理利润。以制度创新虹吸高层次、复合型人才， | | --- | --- | | | 不断完善支撑创新的人才体系建设、激励创新的制度体 | | | 系建设、以及包容创新的企业文化建设。 | | 附件清单（如有） | 无 | | 日期 | 2024 年 5 月 7 日 | 编号：2024-006 投资者关系活动类别 □特定对象调研 □分析师会议 □媒体采访 ■业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 参与单位名称及 人员姓名 参与公司 2024 年第一季度业绩说明会投资者 时间 2024 年 5 月 7 日 10：00-11：00 地点 上证路演中心网络互动 公司接待人员姓名 董事长朱重庆、独立董事龚启辉、董事会秘书李军晓、财 务负责人沈利文 投资者关系活动主要 内容介绍 公司于 2024 年 5 月 7 日在上海证券交易所上证路 演中心召开了 2024 年第一季度业绩说明会，通过网络 互动的方式与投资者进行了交流，具体问题如下： | 问题 1：印染考不考虑扩张产能？ | | --- | | 答：一直以来，公司坚持聚焦主业，深耕细作，希望通 | | 过外延及内涵增长，把印染做大做强。 ...

编号：2024-006 投资者关系活动类别 □特定对象调研 □分析师会议 □媒体采访 ■业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 参与单位名称及 人员姓名 参与公司 2024 年第一季度业绩说明会投资者 时间 2024 年 5 月 7 日 10：00-11：00 地点 上证路演中心网络互动 公司接待人员姓名 董事长朱重庆、独立董事龚启辉、董事会秘书李军晓、财 务负责人沈利文 投资者关系活动主要 内容介绍 公司于 2024 年 5 月 7 日在上海证券交易所上证路 演中心召开了 2024 年第一季度业绩说明会，通过网络 互动的方式与投资者进行了交流，具体问题如下： 证券代码：600987 证券简称：航民股份 浙江航民股份有限公司 2024 年第一季度业绩说明会记录表 | 问题 1：印染考不考虑扩张产能？ | | --- | | 答：一直以来，公司坚持聚焦主业，深耕细作，希望通 | | 过外延及内涵增长，把印染做大做强。一方面，公司按 | | 照"稳量提质"的要求，以及"高端化、绿色化、智能 | | 化、高效化"的方向，通过转型升级把现有存量做优， | | 进一步打开内涵式增长的空间；另一方面，随 ...

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 9.95 CNY per share based on a 13x PE for 2024 [2][3]. Core Insights - The company's profitability continues to improve, with stable period expenses. In 2023, the gross margin, net margin, and net profit margin (excluding non-recurring items) were 13.79%, 8.02%, and 7.30%, respectively, showing year-on-year increases of 0.68, 0.24, and 1.18 percentage points [1]. - The sales, management, R&D, and financial expense ratios were 1.27%, 1.95%, 1.91%, and -0.37%, respectively, with year-on-year changes of +0.05, +0.19, -0.07, and -0.11 percentage points [1]. - In Q4, the company reported a sales gross margin and net margin of 16.11% and 11.41%, respectively, reflecting year-on-year declines of 1.63 and 0.51 percentage points [1]. Financial Performance Summary - In 2023, the company achieved revenue of 9.666 billion CNY, a year-on-year increase of 1.00%, and a net profit attributable to shareholders of 685 million CNY, up 4.13% year-on-year. The net profit excluding non-recurring items was 705 million CNY, representing a 16.42% increase [15]. - The company’s dyeing business generated revenue and total profit of 3.793 billion CNY and 580 million CNY, respectively, with a profit margin of 15.29%, which is 10.63 percentage points higher than the industry average [16]. - The gold jewelry business reported revenue of 5.332 billion CNY and a profit of 130 million CNY, with a sales profit margin of 2.45% [16]. Earnings Forecast - The expected EPS for 2024, 2025, and 2026 are 0.77 CNY, 0.87 CNY, and 1.00 CNY, respectively, with corresponding growth rates of 17.4%, 14.0%, and 14.1% [17].

Financial Performance - The company's operating revenue for Q1 2024 reached ¥3,126,781,470.74, representing a year-on-year increase of 31.83%[7] - The net profit attributable to shareholders of the listed company was ¥128,089,566.02, with a growth of 3.64% compared to the same period last year[7] - The basic earnings per share (EPS) for Q1 2024 was ¥0.122, up by 3.39% from the previous year[7] - The total revenue for Q1 2024 reached ¥3,553,776,855.76, an increase of approximately 45% compared to ¥2,447,084,891.13 in Q1 2023[43] - Net profit for Q1 2024 was ¥146,512,981.75, up from ¥137,891,819.70 in Q1 2023, reflecting a growth of about 6%[41] - Earnings per share for Q1 2024 was ¥0.122, compared to ¥0.118 in Q1 2023, indicating a 3.4% increase[41] Cash Flow - The net cash flow from operating activities amounted to ¥184,027,584.21, reflecting a 21.10% increase year-on-year[7] - Cash flow from operating activities for Q1 2024 was ¥184,027,584.21, compared to ¥151,967,711.56 in Q1 2023, showing an increase of approximately 21%[43] - The company recorded a net cash inflow from investment activities of ¥100,957,331.76, down from ¥713,383,800.42 in the previous year, showing a decline of about 86%[43] - The net cash flow from investing activities was -$270,472,479.21, a decrease from $658,930,573.59 in the previous period[48] - Total cash inflow from financing activities amounted to $501,751,737.38, compared to $345,110,800.00 previously[48] - The net cash flow from financing activities was $43,601,272.63, down from $209,066,282.35 in the prior period[48] - The cash and cash equivalents at the end of the period totaled $3,239,818,681.41, a decrease from $2,522,834,527.43 last year[48] - The net increase in cash and cash equivalents was -$42,828,755.23, contrasting sharply with an increase of $1,019,923,965.36 in the previous period[48] - Cash outflow from investing activities totaled $371,429,810.97, an increase of $54,453,226.83 compared to the last period[48] - Cash paid for financing activities was $458,150,464.75, significantly higher than $136,044,517.65 in the previous period[48] - The impact of exchange rate changes on cash and cash equivalents was $14,867.14, compared to -$40,602.14 previously[48] - The beginning balance of cash and cash equivalents was $3,282,647,436.64, up from $1,502,910,562.07 last year[48] - The company’s cash flow management reflects significant changes in both investing and financing activities compared to the previous period[48] Assets and Liabilities - The total assets at the end of the reporting period were ¥10,737,271,040.57, showing a 20.05% increase from the end of the previous year[27] - The total assets increased to approximately CNY 10.74 billion as of March 31, 2024, compared to CNY 8.94 billion as of December 31, 2023, reflecting a growth of about 20%[35] - Current assets rose to approximately CNY 8.25 billion, up from CNY 6.67 billion, indicating an increase of around 23.5%[35] - The total liabilities increased to ¥3,785,034,197.16 in the latest report, compared to ¥2,098,464,027.16 from the previous year, marking a rise of approximately 80%[38] - The company’s total liabilities increased, with accounts payable reported at CNY 243.79 million, down from CNY 265.81 million, showing a decrease of about 8.3%[37] - The company’s total equity attributable to shareholders was ¥6,304,181,790.73, reflecting a 2.07% increase from the previous year[27] - The company’s total equity attributable to shareholders rose to ¥6,304,181,790.73, up from ¥6,176,092,224.71, which is an increase of about 2%[38] Operating Costs and Expenses - The total operating costs for Q1 2024 were ¥2,795,029,518.42, compared to ¥2,202,950,855.34 in the same period last year[21] - The company recorded a net profit from operating activities of ¥179,006,315.07, an increase from ¥167,008,487.12 in Q1 2023[21] - The company incurred a loss of ¥182,055,596.77 from fair value changes, compared to a loss of ¥14,988,300.88 in the same period last year[21] - The company reported a decrease in other operating expenses to ¥72,812.86 from ¥1,229,670.69, indicating a significant reduction[41] - The cash outflow for purchasing goods and services was ¥3,009,799,728.55, compared to ¥1,959,750,413.04 in the previous year, reflecting an increase of about 53%[43] Inventory and Receivables - Inventory significantly increased to CNY 3.08 billion from CNY 1.80 billion, representing a growth of approximately 71.6%[35] - Accounts receivable grew to CNY 391.08 million, up from CNY 320.63 million, marking an increase of about 22%[35]

浙江航民股份有限公司 关于召开 2024 年第一季度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 股票简称：航民股份 股票代码：600987 编号：临 2024-018 重要内容提示： ● 会议召开时间：2024 年 5 月 7 日（星期二）上午 10:00-11:00 ● 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） ● 会议召开方式：上证路演中心网络互动 ● 投资者可于 2024 年 4 月 25 日（星期四）至 5 月 6 日（星期一）16：00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 hmgf@hmgf.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 浙江航民股份有限公司（以下简称"公司"）已于 2024 年 4 月 24 日披露了 公司《2024 年第一季度报告》。为便于广大投资者更全面深入地了解公司 2024 年第一季度业绩和经营情况，公司计划 ...

法律意见书 浙江天册律师事务所 关于 浙江航民股份有限公司 2023 年年度股东大会的 法律意见书 浙江省杭州市杭大路 1 号黄龙世纪广场 A 座 11 楼 310007 电话：0571-87901111 传真：0571-87901500 法律意见书 编号：TCYJS2024H0508 号 法律意见书 浙江天册律师事务所 关于浙江航民股份有限公司 2023 年年度股东大会的 致：浙江航民股份有限公司 浙江天册律师事务所（以下简称"本所"）接受浙江航民股份有限公司（以 下简称"航民股份" 或"公司"）的委托，指派本所律师参加贵公司 2023 年年度 股东大会，并根据《中华人民共和国证券法》以下简称（"证券法"）、《中华 人民共和国公司法》（以下简称"公司法"）和中国证券监督管理委员会关于《上 市公司股东大会规则（2022 年修订）》（以下简称"《股东大会规则》"）等法 律、法规和其他有关规范性文件的要求出具本法律意见书。 在本法律意见书中，本所律师仅对本次股东大会表决程序及表决结果的合法 有效性发表意见，不对会议所审议的议案内容和该等议案中所表述的事实或数据 的真实性和准确性发表意见。 本法律意见书仅供 202 ...

证券代码：600987 证券简称：航民股份 公告编号：2024-017 浙江航民股份有限公司 2023 年年度股东大会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： 审议结果：通过 表决情况： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 10 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 594,622,413 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 56.5866 | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议由公司董事会召集，采用现场投票和网络投票相结合的方式召开， (一) 股东大会召开的时间：2024 年 4 月 22 日 (二) 股东大会召开的地点：（现场）杭州萧山航民宾馆（浙江省杭州市萧山市 瓜沥镇航民村） (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 现场会议由公司董事长朱重庆 ...

Group 1: Company Overview - Zhejiang Hangmin Co., Ltd. has been engaged in the dyeing industry since 1979, operating 6 dyeing enterprises [4] - The company entered the gold jewelry processing industry in 2003, with 21 years of experience in this sector [4] Group 2: Business Strategy - The company focuses on optimizing existing resources and enhancing product quality through technological upgrades and digital transformation [4] - Future plans include expanding the gold jewelry business, particularly after acquiring Shenzhen Shangjinyuan [5] Group 3: Market Insights - The company remains optimistic about the dyeing industry despite environmental regulations, as it addresses significant market demand [4] - The gold jewelry sector is influenced by gold price fluctuations, which can affect consumer purchasing behavior [5] Group 4: Financial Performance - The average dividend payout ratio since 2004 is 37%, with an increase to over 45% in the last three years [9] - The company aims for a minimum return of 30% for high-return investors, depending on major project investments [9] Group 5: Operational Efficiency - The dyeing industry typically sees higher profits due to cost control measures such as peak procurement of dyes [6] - The company has three thermal power enterprises that contribute to energy efficiency and cost reduction [8] Group 6: Export and Market Distribution - Approximately 60% of the company's dyeing output is indirectly exported, primarily through fabric traders [9] - The customer base for gold jewelry is mainly in East China, with the acquisition of Shenzhen Shangjinyuan expanding the sales network [8]

Group 1: Company Overview - The company operates two main businesses: textile printing and dyeing, and gold jewelry, with additional operations in thermal power, wastewater treatment, and water supply [3][4]. - In 2023, the overall operation was stable, with positive development trends in both the printing and dyeing and gold jewelry sectors [3]. Group 2: Performance Expectations - The company is focused on finding growth points and aims to enhance quality while maintaining volume in its printing and dyeing business [3][4]. - The printing and dyeing industry is traditional but essential for employment, with ongoing market demand [3]. Group 3: Industry Position and Strategy - The printing and dyeing industry has over 500 billion meters of fabric production capacity, with excess capacity particularly in the mid to low-end segments [4][5]. - The company plans to maintain competitiveness by optimizing product structure and reducing costs [5][6]. Group 4: Mergers and Acquisitions - The company is open to acquisition opportunities that align with its existing operations and ensure risk control [5][6]. - The acquisition of Shenzhen Shangjinyuan aims to strengthen the gold jewelry segment and enhance manufacturing capabilities [9][11]. Group 5: Financial Metrics - The gold jewelry segment's return on equity (ROE) is approximately 12.87%, while the printing and dyeing segment's ROE is around 16.03% [9][10]. - The company has maintained a dividend payout ratio averaging 37% since 2004, with recent increases to over 45% in the last three years [11]. Group 6: Market Trends and Challenges - The company anticipates improved demand in 2024 compared to previous years, with a focus on maintaining strong performance during both peak and off-peak seasons [6][7]. - Environmental regulations are tightening, impacting industry development, particularly in regions like Zhejiang and Guangdong [7][8].