证券代码：603215 证券简称：比依股份 公告编号：2025-026 浙江比依电器股份有限公司 2025年第二次临时股东会决议公告 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： 二、 议案审议情况 (一)非累积投票议案 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 5 月 8 日 (二)股东大会召开的地点：浙江省宁波市余姚市城区经济开发区城东新区俞赵江 路 88 号公司会议室 (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： | 1、出席会议的股东和代理人人数 | 251 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 8,895,352 | | 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（%） | 4.7188 | (四)表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 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，现场会议 由公司 ...

浙江阳明律师事务所 关于 浙江比依电器股份有限公司 2025 年第二次临时股东会的 （ZHEJIANG YANGMING LAW FIRM） 法律意见书 浙江阳明律师事务所 本法律意见书仅为贵公司 2025 年第二次临时股东会之目的使用。本所律师 同意将本法律意见书随公司本次股东会其他信息披露资料一并公告。 本所律师根据《股东会规则》第五条的要求，按照律师行业公认的业务标准、 道德规范和勤勉尽责的精神，对公司本次股东会所涉及的有关事项和相关文件进 行了必要的核查和验证，出席了公司 2025 年第二次临时股东会，现出具法律意 见如下： 一、关于本次股东会召集、召开的程序 浙江余姚市南雷南路 298 号合力大厦北楼 16 楼 315400 电话：0574-6272 4297 传真：0574-6271 9499 http://www. yangminglf.com 浙江阳明律师事务所 关 于 浙江比依电器股份有限公司 2025 年第二次临时股东会的 法律意见书 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 市公司股东会规 ...

经中国证券监督管理委员会《关于核准浙江比依电器股份有限公司首次公开 发行股票的批复》（证监许可[2022]129 号）核准，并经上海证券交易所同意， 公司于 2022 年 2 月 15 日首次向社会公开发行人民币普通股（A 股）4,666.5 万 股，每股发行价格为 12.50 元，募集资金总额为 583,312,500.00 元，扣除各类发 行费用之后实际募集资金净额 518,566,900.00 元。中汇会计师事务所（特殊普通 合伙）于 2022 年 2 月 15 日对浙江比依电器股份有限公司首次公开发行股票的资 金到位情况进行了审验，并出具了"中汇会验[2022]0358 号"验资报告。2022 年 2 月 18 日，公司在上海证券交易所上市。 根据《证券发行上市保荐业务管理办法》《上海证券交易所上市公司自律监 管指引第 11 号——持续督导》等相关法规和规范性文件的要求，中信证券履行 持续督导职责，自前次提交 2023 年度持续督导报告书之日至本持续督导报告书 出具日，中信证券对比依股份的持续督导工作情况总结如下： 一、持续督导工作概述 1、保荐人制定了持续督导工作制度，制定了相应的工作计划，明确了现 ...

关于浙江比依电器股份有限公司 2024 年度持续督导工作现场检查报告 根据《上海证券交易所上市公司自律监管指引第 11 号——持续督导》等有 关法律、法规的规定，中信证券股份有限公司（以下简称"中信证券"或"保荐 人"）作为正在对浙江比依电器股份有限公司（以下简称"比依股份""公司" "上市公司"）进行持续督导工作的保荐人，对 2024 年度（以下简称"本持续 督导期间"）的规范运作情况进行了现场检查，现就现场检查的有关情况报告如 下： （一）保荐人 中信证券股份有限公司 中信证券股份有限公司 一、本次现场检查的基本情况 （二）保荐代表人 唐青、马齐玮 （三）现场检查人员 唐青 （四）现场检查时间 唐青（2025 年 3 月 26 日、2025 年 4 月 10 日至 2025 年 4 月 11 日） （五）现场检查内容 现场检查人员对本持续督导期内发行人公司治理和内部控制情况、信息披露 情况、公司的独立性以及与控股股东、实际控制人及其他关联方资金往来情况、 募集资金使用情况、关联交易、对外担保、重大对外投资情况、经营状况等方面 进行了现场检查，具体检查内容详见本报告"二、本次现场检查主要事项及意见"。 1 ...

浙江比依电器股份有限公司 2024年年度股东会会议资料 浙江比依电器股份有限公司 2024年年度股东会会议资料 股票简称：比依股份 股票代码：603215 2025年5月 浙江比依电器股份有限公司 2024年年度股东会会议资料 2024年年度股东会会议须知 为了维护全体股东的合法权益，确保股东会的正常秩序和议事效率，保证会 议的顺利进行，根据《中华人民共和国公司法》、《中华人民共和国证券法》、《上 市公司股东会规则》以及《浙江比依电器股份有限公司章程》等相关规定，浙江 比依电器股份有限公司（以下简称"公司"）特制定2024年年度股东会会议须知： 一、为确认出席会议的股东或其代理人或其他出席者的出席资格，会议工 作人员将对出席会议者的身份进行必要的核对工作，请被核对者给予配合。 二、为保证本次会议的严肃性和正常秩序，切实维护股东的合法权益，请 出席会议的股东或其代理人或其他出席者在会议召开前30分钟到达会场办理签到 手续，经验证后方可参会。会议开始后，在会议主持人宣布现场出席会议的股东和 代理人人数及所持有的表决权数量之前，会议登记应当终止。 三、会议按照会议通知所列的顺序审议、表决议案。 四、股东及股东代理人 ...

Core Viewpoint - The company reported a significant increase in revenue for 2024, but a decline in net profit, while Q1 2025 shows strong revenue growth and improved profitability metrics [1][2][3][4]. Financial Performance - In 2024, the company achieved total revenue of 2.059 billion yuan (+32.01%) and a net profit of 140 million yuan (-30.84%) [1]. - Q1 2025 revenue reached 530 million yuan (+65.68%) with a net profit of 15 million yuan (+47.96%) [1]. - The company plans to distribute a cash dividend of 0.30 yuan per share, totaling 56 million yuan, which is 40.01% of the net profit for 2024 [1]. Product Performance - The air frying segment saw rapid growth, with revenues from air fryers, coffee machines, and other environmental appliances reaching 1.813 billion, 125 million, and 27 million yuan respectively, with notable growth in coffee machines (+103.40%) [2]. - Domestic and international revenues were 143 million and 1.899 billion yuan respectively, both showing strong growth [2]. Operational Efficiency - The company's gross margin for Q1 2025 was 12.70%, a slight decrease from the previous quarter, attributed to a higher proportion of low-margin products [3]. - The net profit margin for Q1 2025 was 2.57%, showing a smaller decline compared to the previous quarter [3]. - Management expenses have been optimized, with a decrease in management expense ratio, indicating improved operational efficiency [3]. Industry Outlook - The air frying industry is facing cyclical adjustments, but the coffee machine market presents significant growth opportunities [4]. - The company is expanding its product matrix and has a stable customer base, with expectations for gradual volume growth in coffee machines [4]. - The construction of a smart factory is progressing, enhancing the company's ability to manage international trade risks and support revenue growth [4]. Profit Forecast - The company’s projected net profits for 2025-2027 are 179 million, 220 million, and 262 million yuan, with corresponding EPS of 0.95, 1.17, and 1.39 yuan [4].

浙江比依电器股份有限公司 2025年第二次临时股东会会议资料 浙江比依电器股份有限公司 2025年第二次临时股东会会议资料 股票简称：比依股份 股票代码：603215 2025年4月 浙江比依电器股份有限公司 2025年第二次临时股东会会议资料 浙江比依电器股份有限公司 2025年第二次临时股东会 会议资料目录 | 一、2025 | 年第二次临时股东会须知 1 | | --- | --- | | 二、2025 | 年第二次临时股东会会议议程 3 | | 三、2025 | 年第二次临时股东会议案 4 | | | （一）《关于与控股股东共同投资参与设立私募基金的关联交易的议案》 4 | 浙江比依电器股份有限公司 2025年第二次临时股东会会议资料 2025年第二次临时股东会会议须知 为了维护全体股东的合法权益，确保股东会的正常秩序和议事效率，保证会 议的顺利进行，根据《中华人民共和国公司法》、《中华人民共和国证券法》、《上 市公司股东大会规则》以及《浙江比依电器股份有限公司章程》等相关规定， 浙江比依电器股份有限公司（以下简称"公司"）特制定2025年第二次临时股东会会 议须知： 一、为确认出席会议的股东或其代理 ...

Investment Rating - The investment rating for the company is "Accumulate" [7] Core Views - The company achieved a revenue of 2.059 billion yuan in 2024, representing a year-on-year increase of 32.01%, while the net profit attributable to the parent company was 140 million yuan, a decrease of 30.84% [1] - The company is expanding into new product categories, particularly in the environmental appliance sector, which generated revenue of 27.0187 million yuan, accounting for 1.32% of total revenue [1] - The company is actively increasing its overseas production capacity, with the first phase of its factory in Thailand already in operation [1] Financial Performance - The gross margin for 2024 was 15.55%, down 5.67 percentage points year-on-year, while the net margin was 6.45%, down 6.47 percentage points [2] - The company’s revenue for Q4 2024 was 579 million yuan, a year-on-year increase of 93.11%, with a net profit of 38 million yuan, up 44.53% [1] - The company’s revenue for Q1 2025 is projected to be 530 million yuan, a year-on-year increase of 65.68% [1] Expense Ratios - The sales expense ratio for 2024 was 1.46%, an increase of 0.35 percentage points year-on-year, while the management expense ratio was 3.12%, a slight decrease of 0.04 percentage points [3] - The financial expense ratio for 2024 was -0.93%, reflecting an increase due to higher loan interest [3] Future Projections - The company expects net profits attributable to the parent company to be 170 million yuan in 2025, 200 million yuan in 2026, and 230 million yuan in 2027 [4] - The projected revenue growth rates for 2025, 2026, and 2027 are 26.60%, 24.93%, and 22.86%, respectively [5] Valuation Metrics - The dynamic price-to-earnings (PE) ratios are projected to be 16.8x for 2025, 14.1x for 2026, and 12.2x for 2027 [4] - The company’s earnings per share (EPS) is expected to be 0.90 yuan in 2025, 1.07 yuan in 2026, and 1.24 yuan in 2027 [5]

Investment Rating - The investment rating for the company is maintained at Buy-A with a target price of 18.72 CNY for the next six months [4]. Core Insights - The company reported a significant revenue growth of 32.0% year-on-year, reaching 2.06 billion CNY in 2024, despite a decline in net profit by 30.8% to 140 million CNY [2][3]. - The first quarter of 2025 showed a revenue increase of 65.7% year-on-year, amounting to 530 million CNY, with a net profit of 20 million CNY, reflecting a 48.0% increase [2][3]. - The company is focusing on deepening relationships with existing clients and expanding its customer base, which is expected to sustain rapid revenue growth [2]. Financial Performance Summary - The company achieved a revenue of 5.8 billion CNY in Q4 2024, marking a 93.1% increase year-on-year, while the net profit for the same quarter was 40 million CNY, up 44.5% [2]. - The gross margin for Q1 2025 decreased by 0.3 percentage points year-on-year, attributed to the optimization of the product mix, particularly in air fryer products [3]. - The operating cash flow for Q1 2025 increased by 10 million CNY year-on-year, driven by higher sales revenue [3]. Earnings Forecast - The projected earnings per share (EPS) for the company are 0.94 CNY, 1.20 CNY, and 1.54 CNY for the years 2025, 2026, and 2027 respectively [3][8]. - The expected revenue growth rates for the upcoming years are 30.7% in 2025, 26.5% in 2026, and 27.2% in 2027 [8][14]. Market Position - The company is positioned in the first tier of the heating kitchen small appliance OEM industry, with strong capabilities in research and development, cost control, and production delivery [3]. - The company has successfully expanded its client base to include well-known brands such as Philips and SharkNinja, and is entering new product categories like coffee machines [3].

Investment Rating - The investment rating for the company is "Outperform" [1] Core Insights - The company reported a revenue of 2.059 billion yuan in 2024, a year-on-year increase of 32%, while the net profit attributable to shareholders decreased by 31% to 140 million yuan [4][7] - In Q1 2025, the company achieved a revenue of 530 million yuan, representing a 66% year-on-year growth, and a net profit of 15 million yuan, up 48% year-on-year [4][7] - The company is expanding its product lines, particularly in air fryers, and has initiated production for new products such as coffee machines and ice makers [7] - The gross margin for Q1 2025 was 12.7%, a slight decrease of 0.25 percentage points year-on-year, but is expected to improve as new products gain traction [7] Financial Summary - The total revenue for 2025 is projected to be 2.441 billion yuan, with a year-on-year growth rate of 18.6% [6] - The net profit for 2025 is estimated at 195 million yuan, reflecting a growth of 39.4% compared to 2024 [6] - The earnings per share for 2025 is forecasted to be 1.03 yuan, with a projected price-to-earnings ratio of 15 [6]