证券代码：603238 证券简称：诺邦股份 公告编号：2025-012 杭州诺邦无纺股份有限公司 2024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： 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 16 日 (二)股东大会召开的地点：杭州市临平区昌达路 8 号公司 1 号会议室 (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 | 99 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 122,663,720 | | 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（%） | 69.1028 | (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。 本次股东大会由公司董事会召集，公司董事长任建华先生主持会议，会议采 取现场投票和网络投票相结合的表决方式，本次会议的召集、召开符合《公司法》 及 ...

北京市东城区建国门内大街 26 号新闻大厦 7 层、8 层 电话：010-88004488/66090088 传真：010-66090016 邮编：100005 北京国枫律师事务所 关于杭州诺邦无纺股份有限公司 2024 年年度股东大会的法律意见书 国枫律股字[2025]A0202 号 致：杭州诺邦无纺股份有限公司（贵公司） 北京国枫律师事务所（以下简称"本所"）接受贵公司的委托，指派律师出席并见 证贵公司 2024 年年度股东大会（以下简称"本次会议"）。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人 民共和国证券法》（以下简称"《证券法》"）、《上市公司股东会规则》（以下简称 "《股东会规则》"）、《律师事务所从事证券法律业务管理办法》（以下简称"《证 券法律业务管理办法》"）、《律师事务所证券法律业务执业规则（试行）》（以下简 称"《证券法律业务执业规则》"）等相关法律、行政法规、规章、规范性文件及《杭 州诺邦无纺股份有限公司章程》（以下简称"《公司章程》"）的规定，就本次会议的 召集与召开程序、召集人资格、出席会议人员资格、会议表决程序及表决结果等事宜， 出具本法律意见书。 ...

Summary of Conference Call Records Industry Overview - The conference call primarily discusses the textile manufacturing industry, with a focus on companies such as 华利集团 (Huali Group), 伟星股份 (Weixing Co.), 诺邦股份 (Nobon Co.), and 浙江自然 (Zhejiang Natural) [1][2][3]. Key Points and Arguments 1. **US-China Economic Talks**: The high-level economic talks between China and the US, which began on May 10, are expected to catalyze a rebound in the textile manufacturing sector, particularly benefiting quality manufacturers [1][2]. 2. **华利集团 Performance**: - Q1 2025 is projected to be a low revenue quarter, with the company currently in the early stages of efficiency ramp-up at new factories, leading to lower profit margins compared to previous years [2]. - Adidas has a strong demand for Huali's production capacity, with five factories being rapidly established, including three proprietary factories, and plans to have all six factories ramped up to full production within three years [2]. 3. **伟星股份 Business Outlook**: - The company has an estimated indirect exposure to the US market of over 10%, with higher exposure in Europe. New orders in April showed a slight decline, with international brand orders performing better than domestic ones. Q2 2025 is expected to be a low point for annual growth due to last year's high base [2]. - The company has successfully secured orders from its Vietnam industrial park, exceeding the total orders for the entire year, with YKK Vietnam generating approximately 5 billion yuan in revenue, indicating significant growth potential [2]. 4. **诺邦股份 Market Position**: - Positioned as a leading enterprise in the personal care industry chain, integrating "materials - OEM - own brand" with a focus on high-end differentiated materials and a strong supply chain advantage [2]. - The company has secured significant contracts, including exclusive supply for Sam's Club wet wipes, and is experiencing rapid growth in its own brand, 小植家 (Xiaozhijia) [2]. 5. **浙江自然 Growth Strategy**: - As a global leader in outdoor equipment ODM, the company has a relatively low exposure of about 15% to the US market and has proactively shifted some orders to Southeast Asia to mitigate risks [3]. - The company announced its first stock incentive plan post-IPO, targeting revenues of 1.39 billion yuan and 2 billion yuan for 2025 and 2026, respectively, with a projected CAGR of approximately 40% [3]. Additional Important Insights - The rapid advancement of the oral tobacco business is highlighted as another significant growth opportunity for the companies involved [3]. - The overall sentiment in the textile manufacturing sector is optimistic, with expectations of double-digit revenue growth and profit growth outpacing revenue growth over the next three years [3].

公司代码：603238 公司简称：诺邦股份 杭州诺邦无纺股份有限公司 二零二五年五月 目 录 | 2024 年年度股东大会议程 | | 1 | | | --- | --- | --- | --- | | 2024 年年度股东大会须知 | | 3 | | | 2024 年年度股东大会会议议案 | | 5 | | | 议案一：2024 年度董事会工作报告 | | 5 | | | 议案二：2024 年度监事会工作报告 | | 15 | | | 议案三：关于 年度财务决算报告的议案 | 2024 | | 18 | | 议案四：关于 年度财务预算报告的议案 | 2025 | | 22 | | 议案五：关于 年度独立董事述职报告的议案 | 2024 | | 23 | | 议案六：关于 年年度报告及摘要的议案 | 2024 | | 41 | | 议案七：关于 年度利润分配方案的议案 | 2024 | | 42 | | 议案八：关于确认 2024 年董事、监事薪酬的议案 | | | 43 | | 议案九：关于 年度日常关联交易情况和 | 2024 | 2025 年度日常关联交易预计的议案 | | | | | | 44 | | ...

Core Viewpoint - The company is experiencing accelerated growth in its main business, driven by the expansion of major clients and the rapid growth of its own brand, maintaining a "Buy" rating [1] Group 1: Financial Performance - In 2024, the company achieved revenue of 2.237 billion yuan, a year-on-year increase of 16.8%, with net profit attributable to shareholders of 95 million yuan, up 15.2% [1] - In Q1 2025, the company reported revenue of 608 million yuan, a year-on-year increase of 39.1%, with net profit attributable to shareholders of 30 million yuan, up 48.6% [1] - The company has revised its net profit forecasts for 2025-2027 to 133 million, 160 million, and 187 million yuan, respectively, with corresponding EPS of 0.75, 0.90, and 1.05 yuan [1] Group 2: Business Segments - The product business continues to grow, with revenue from rolled materials and products in 2024 at 709 million and 1.509 billion yuan, respectively, showing a decline of 1.2% and an increase of 27.8% [1] - The subsidiary Hangzhou Guoguang generated revenue of 1.393 billion yuan in 2024, a year-on-year increase of 26.6%, due to the company's efforts to expand into the domestic market [1] - The own brand "Xiaozhijia" saw significant growth, with revenue of 30 million yuan in 2024, up 80.6% [1] Group 3: Operational Efficiency - In 2024, the company's gross margin and net profit margin were 14.80% and 4.26%, respectively, showing a slight decline due to an increase in low-margin client revenue [2] - In Q1 2025, the gross margin and net profit margin improved to 15.73% and 5.00%, respectively, with a decrease in the expense ratio to 7.51% [2] - The company's inventory at the end of Q1 2025 was 311 million yuan, up 21.7%, with inventory turnover days reduced to 48.8 days [2]

Core Viewpoint - Nobon Co., Ltd. is experiencing accelerated growth in its main business, driven by the expansion of major clients and the rapid growth of its own brand, maintaining a "buy" rating [1][2]. Financial Performance - In 2024, the company achieved revenue of 2.237 billion yuan, a year-on-year increase of 16.8%, with net profits of 95 million yuan and 86 million yuan for the parent and non-parent companies, respectively, reflecting increases of 15.2% and 21.2% [2]. - In Q1 2025, revenue reached 608 million yuan, a year-on-year increase of 39.1%, with net profits of 30 million yuan and 29 million yuan, showing growth of 48.6% and 75.1% [2]. - The projected net profits for 2025, 2026, and 2027 are 133 million yuan, 160 million yuan, and 187 million yuan, respectively, with corresponding EPS of 0.75, 0.90, and 1.05 yuan [2]. Business Growth Drivers - The product segment shows continuous growth, with revenue from rolled materials and products reaching 709 million yuan and 1.509 billion yuan in 2024, with a year-on-year change of -1.2% and +27.8% [3]. - The subsidiary Hangzhou Guoguang generated revenue of 1.393 billion yuan, a year-on-year increase of 26.6%, due to the company's active expansion into the domestic market and securing high-quality clients [3]. - The self-owned brand "Xiaozhijia" saw revenue growth of 80.6% in 2024, reaching 30 million yuan, focusing on high-end positioning [3]. Operational Efficiency - In 2024, the gross margin and net profit margin were 14.80% and 4.26%, respectively, with slight declines due to an increase in low-margin client revenue [4]. - The expense ratio for 2024 was 8.05%, a decrease of 1.8 percentage points year-on-year, indicating improved operational efficiency [4]. - By Q1 2025, the gross margin and net profit margin improved to 15.73% and 5.00%, respectively, with a further reduction in the expense ratio to 7.51% [4]. Market Position - Domestic and international sales both experienced growth in 2024, with domestic revenue of 1.041 billion yuan and international revenue of 1.195 billion yuan, reflecting increases of 15.7% and 17.8% [3]. - Domestic revenue accounted for 46.56% of total sales [3]. Analyst Ratings - The stock has received a "buy" rating from one institution in the past 90 days, with a target price of 12.43 yuan [6].

Core Viewpoint - Nobon Co., Ltd. (603238) reported significant growth in its 2024 annual report and 2025 Q1 report, with a goal to double revenue for its self-owned brand "Xiaozhijia" by 2025 and plans for a new factory in Malaysia to commence production by mid-2025 [1] Financial Performance - In 2024, Nobon achieved operating revenue of 2.236 billion yuan and net profit of 95.23 million yuan, representing year-on-year growth of 16.80% and 15.22% respectively [1] - In Q1 2025, the company reported total operating revenue of 608 million yuan, a year-on-year increase of 39.14%, and a net profit attributable to shareholders of 30.43 million yuan, up 48.56% year-on-year [1] Market Position and Brand Development - Nobon has established a high-end product image in both domestic and international markets, receiving accolades such as "Famous Trademark of Zhejiang Province" and "Zhejiang Brand Product" [1] - The self-owned brand "Xiaozhijia" saw revenue of 29.85 million yuan in 2024, marking an 80.62% increase, with a notable 116% growth during the Double 11 shopping festival [3] Strategic Initiatives - The company has focused on high-end product development to navigate industry price wars, successfully securing large orders from overseas clients [2] - Nobon invested 77.73 million yuan in R&D in 2024, resulting in 150 technical documents and a total of 274 authorized patents, including 72 invention patents, positioning it as a leader in the industry [2] Production and Capacity Expansion - Nobon is upgrading its production lines to enhance efficiency and sustainability, with plans for a new wet production line expected to be the largest in the country [2] - To meet increasing order demands, the company has improved production efficiency by over 30% and added more than 20 new production lines for dry and wet wipes [4] Future Outlook - Nobon aims to expand its OEM business and strengthen R&D capabilities at its subsidiaries, ensuring a diverse range of high-performance, eco-friendly wipe products [4]

杭州诺邦无纺股份有限公司 2024 年度年审会计师事务所履职情况评估报告 根据《公司法》《证券法》《上市公司治理准则》《国有企业、上市公司选 聘会计师事务所管理办法》《上海证券交易所上市公司自律监管指引第1号—— 规范运作》和《公司章程》等规定和要求，杭州诺邦无纺股份有限公司（以下简 称"公司"）对天健会计师事务所（特殊普通合伙）2024年审计过程中的履职情 况进行评估。经评估，公司认为天健会计师事务所（特殊普通合伙）的资质条件 合规有效，履职保持独立性。具体情况如下： 一、资质条件 截至 2024 年 12 月 31 日，天健会计师事务所（特殊普通合伙）基本情况如 下： | 事务所名称 | 天健会计师事务所（特殊普通合伙） | | | | | --- | --- | --- | --- | --- | | 成立日期 | 2011 年 7 月 18 日 组织形式 | | 特殊普通合伙 | | | 注册地址 | 浙江省杭州市西湖区灵隐街道西溪路 | | 128 号 | | | 首席合伙人 | 钟建国 上年末合伙人数量 | | 241 | 人 | | 上年末执业人 | 注册会计师 | | 2,356 | 人 | ...

公司代码：603238 公司简称：诺邦股份 杭州诺邦无纺股份有限公司 2024年度内部控制评价报告 杭州诺邦无纺股份有限公司全体股东： 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要求（以下简称企业内部 控制规范体系），结合本公司（以下简称公司）内部控制制度和评价办法，在内部控制日常监督和专项 监督的基础上，我们对公司2024年12月31日（内部控制评价报告基准日）的内部控制有效性进行了评价。 一. 重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其有效性，并如实披露内 部控制评价报告是公司董事会的责任。监事会对董事会建立和实施内部控制进行监督。经理层负责组织 领导企业内部控制的日常运行。公司董事会、监事会及董事、监事、高级管理人员保证本报告内容不存 在任何虚假记载、误导性陈述或重大遗漏，并对报告内容的真实性、准确性和完整性承担个别及连带法 律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告及相关信息真实完整，提 高经营效率和效果，促进实现发展战略。由于内部控制存在的固有局限性，故仅能为实现上述目标提供 合理保证。此外，由于情况的变化可能导 ...

杭州诺邦无纺股份有限公司 2024 年度董事会审计委员会履职情况报告 根据《公司法》、《证券法》、《上市公司治理准则》、《上海证券交易所上市公 司董事会审计委员会运作指引》、《上海证券交易所股票上市规则（2024 年 4 月 修订）》及《公司章程》、《公司董事会审计委员会实施细则》等有关规定，杭州 诺邦无纺股份有限公司（以下简称"公司"）董事会审计委员会积极开展工作， 勤勉尽责，认真履行职责。现将审计委员会 2024 年度的履职情况报告如下： 一、审计委员会基本情况 2024 年 1 月 1 日至 2024 年 12 月 31 日，公司第六届董事会审计委员会成员 由独立董事汪泓女士、独立董事颜亮先生及非独立董事王刚先生 3 名成员组成， 其中主任委员由具有会计专业资格的独立董事汪泓女士担任。 二、审计委员会会议召开情况 报告期内，公司董事会审计委员会根据《公司法》、《证券法》、《公司章程》、 《公司董事会审计委员会实施细则》等有关规定，积极履行职责，对公司定期报 告、内部控制、关联交易等重要事项进行审议，并将相关审议决议提交董事会。 报告期内，审计委员会共召开四次会议，会议召开情况如下： | 召开时间 | | ...