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浙江仙通(603239) - 2024 Q3 - 季度财报
2024-10-16 08:07
Financial Performance - The company's operating revenue for the first three quarters reached ¥841,506,267.56, an increase of 14.61% compared to the same period last year[2] - The net profit attributable to shareholders for the first three quarters was ¥129,193,285.56, reflecting a growth of 33.24% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for the first three quarters was ¥127,017,154.18, up by 34.44% compared to the previous year[2] - The basic earnings per share for the first three quarters was ¥0.48, an increase of 33.33% year-on-year[4] - The diluted earnings per share for the first three quarters was also ¥0.48, reflecting the same growth rate of 33.33%[4] - Operating profit for the first three quarters of 2024 was ¥128,681,536.81, up 48.5% from ¥86,619,291.33 in the previous year[24] - Net profit for the first three quarters of 2024 was ¥116,527,349.77, representing a 48.8% increase from ¥78,335,684.06 in the same period of 2023[24] - The company’s total comprehensive income attributable to the parent company for the first three quarters of 2024 was CNY 129.19 million, compared to CNY 96.96 million in the same period of 2023, marking an increase of approximately 33.2%[17] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,426,099,224.90, a slight decrease of 0.28% from the end of the previous year[4] - The equity attributable to shareholders increased by 4.26% to ¥1,118,515,949.76 compared to the end of the previous year[4] - The total liabilities decreased to ¥307,583,275.14 from ¥357,227,252.08 year-over-year[14] - The company's total assets as of the end of Q3 2024 amounted to ¥1,493,717,204.28, compared to ¥1,446,296,179.22 at the end of Q3 2023, reflecting a growth of 3.3%[22] - The total liabilities of the company were ¥593,084,180.98, a slight increase from ¥577,550,320.10 in the previous year[22] Cash Flow - The net cash flow from operating activities showed a significant decline of 104.37% for the first three quarters, resulting in a negative cash flow of ¥4,076,871.53[2] - The net cash flow from operating activities for the first three quarters of 2024 was negative CNY 4.08 million, a significant decline from the positive CNY 93.34 million recorded in the same period of 2023[19] - In the first three quarters of 2024, the net cash flow from operating activities was -5,010,006.57 RMB, a significant decline compared to 97,205,101.65 RMB in the same period of 2023[26] - The cash inflow from investment activities for the first three quarters of 2024 was CNY 67.66 million, a significant increase from CNY 21.40 million in the same period of 2023[19] - The net cash flow from investing activities was 44,722,416.74 RMB, a recovery from -7,182,866.71 RMB in the same period of 2023[27] - The net cash flow from financing activities was -86,982,017.50 RMB, slightly improved from -90,605,915.59 RMB in the same period of 2023[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 13,659[9] - The top shareholder, Taizhou Wucheng Industrial Development Co., Ltd., holds 78,750,000 shares, accounting for 29.09% of total shares[9] - The second-largest shareholder, Li Qifu, owns 64,129,873 shares, representing 23.69% of total shares[9] Research and Development - Research and development expenses for the first three quarters of 2024 amounted to ¥36,040,259.23, an increase from ¥31,020,232.66 in the previous year[16] - Research and development expenses for the first three quarters of 2024 were ¥36,040,259.23, an increase of 16.5% compared to ¥31,020,232.66 in the same period of 2023[24] Inventory and Receivables - Accounts receivable decreased to ¥371,614,914.62 from ¥392,744,139.07 year-over-year[12] - Inventory increased to ¥214,280,996.94 from ¥197,527,501.87 year-over-year[12] - The company’s inventory as of September 30, 2024, was CNY 209.74 million, compared to CNY 189.94 million at the end of 2023, indicating an increase of approximately 10.4%[20] Financial Expenses - The company reported a significant decrease in financial expenses, with interest expenses dropping to ¥498,011.50 from ¥1,536,562.73 in the previous year[16] - The company’s financial expenses decreased significantly to ¥503,010.19 from ¥1,538,238.74 in the previous year, showing a reduction of 67.3%[24] Cash and Cash Equivalents - The company's cash and cash equivalents as of September 30, 2024, amount to ¥60,336,311.96, down from ¥105,660,356.14 at the end of 2023[12] - Cash and cash equivalents at the end of September 2024 totaled CNY 39.06 million, down from CNY 85.39 million at the beginning of the period, representing a decrease of about 54.3%[19] - The ending balance of cash and cash equivalents was 36,050,299.46 RMB, compared to 8,591,048.72 RMB at the end of the previous year[27]
浙江仙通:浙江仙通第五届董事会第十三次会议决议公告
2024-10-16 08:07
证券代码:603239 证券简称:浙江仙通 公告编号:2024-030 浙江仙通橡塑股份有限公司 第五届董事会第十三次会议决议公告 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个别及连带责任。 一、董事会会议召开情况 表决结果:9 票同意,0 票反对,0 票弃权,同意的票数占全体董事所持的有表 决权票数的 100%。 (二)审议通过了《关于设立公司仙居县城区分公司的议案》 具体内容详见上海证券交易所网站(www.sse.com.cn) 上披露的《关于设立分 公司的公告》 三、备查文件 浙江仙通橡塑股份有限公司(以下简称"公司")第五届董事会第十三次会议于 2024 年 10 月 16 日以通讯表决方式召开。本次董事会会议通知于 2024 年 10 月 11 日以邮件及电话形式送达全体董事。本次会议由董事长叶未亮先生召集并主 持,会议应出席董事 9 人,实际出席董事 9 人。公司监事及高级管理人员列席会 议。本次董事会议的召开符合《公司法》及《公司章程》的有关规定,会议决议合 法有效。 二、董事会会议审议情况 (一)审议通过了《公司 2 ...
浙江仙通:浙江仙通关于入选国务院国资委“科改企业”名单的公告
2024-09-30 07:35
"科改行动"是继国企改革"双百行动""区域性综改试验"后的又一国企 改革专项工程,鼓励科技创新企业进一步深化市场化改革,重点在完善公司治理、 市场化选人用人、强化激励约束等方面探索创新、取得突破,打造一批国有科技 型企业改革样板和自主创新尖兵。为深入贯彻落实国有企业改革深化提升行动关 于做精做深"科改行动"和"双百行动"的部署要求,落实"科改企业""双百 企业"动态调整机制,根据有关中央企业和地方国资委申请,国务院国资委对"科 改企业"进行了调整,公司成功入选国务院国资委"科改企业"名单。 二、对公司的影响及风险提示 公司将根据有关政策文件精神,结合公司实际情况,持续推进改革事宜,进 一步激发创新动能,实现公司高质量发展。公司将根据改革工作进展情况,按照 相关法律法规及时履行信息披露义务,敬请广大投资者注意投资风险。 特此公告。 证券代码:603239 证券简称:浙江仙通 公告编号:2024-029 浙江仙通橡塑股份有限公司 关于入选国务院国资委"科改企业"名单的公告 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个别及连带责任。 一、 ...
浙江仙通:从本土“草根”到龙头企业,引领汽车密封条国产替代
Huafu Securities· 2024-09-27 10:00
Investment Rating - The report gives a "Buy" rating for Zhejiang Xiantong, marking its first coverage [12][5]. Core Views - Zhejiang Xiantong is a leading domestic manufacturer of automotive sealing strips, specializing in products and deeply engaged in the industry. The company has shown significant revenue and profit growth, with a focus on cost control and improving customer structure [2][3][43]. - The domestic market for automotive sealing strips is experiencing a clear trend of domestic substitution, with the competitive landscape being reshaped, which is expected to enhance market share for the company [3][10]. - The company has two key products, the European-style guide groove and frameless sealing strips, which are anticipated to drive new profit growth [3][11]. Summary by Sections 1. Company Overview - Zhejiang Xiantong was established in 1994 and has been engaged in the automotive sealing strip industry for nearly 30 years. The company went public on the Shanghai Stock Exchange in 2016 and achieved a revenue of 1.066 billion yuan in 2023, a year-on-year increase of 14% [2][43]. - The company’s core products, rubber and plastic sealing strips, account for 96.83% of its revenue [2]. 2. Market Analysis - The market for automotive sealing strips in China is estimated to be around 17-18 billion yuan. Domestic manufacturers have a strong cost advantage, which is expected to accelerate the domestic substitution trend [3][10]. - The company has a significant first-mover advantage in the domestic sealing strip industry, which positions it well for future market share growth [3]. 3. Cost Control and Product Development - The company has a notable advantage in cost control, with a product quality rate exceeding 95%, significantly higher than the industry average. This positions the company favorably amid price competition in the automotive sector [3][10]. - The company has successfully developed two key products: 1. European-style guide groove, which has broken foreign monopolies and is expected to see increased penetration as the average price of domestic vehicles rises [3]. 2. Frameless sealing strips, which are becoming mainstream in mid-to-high-end electric vehicles, with multiple projects already secured [3][11]. 4. Financial Forecast and Investment Recommendations - The company is projected to achieve revenues of 1.252 billion, 1.587 billion, and 1.983 billion yuan from 2024 to 2026, with corresponding net profits of 220 million, 286 million, and 365 million yuan. The price-to-earnings ratios are expected to be 15, 12, and 9 times, respectively [12][4]. - The report suggests that the company’s performance is expected to exceed market expectations due to its competitive advantages in technology, cost, and customer relationships [10].
浙江仙通:浙江仙通关于召开2024年半年度业绩说明会的公告
2024-09-05 07:33
关于召开 2024 年半年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。 重要内容提示: https://roadshow.sseinfo.com/) 会议召开方式:上证路演中心视频直播和网络互动 投资者可于 2024 年 09 月 06 日(星期五) 至 09 月 12 日(星期 四)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 zjxtzqb@163.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。 证券代码:603239 证券简称:浙江仙通 公告编号:2024-028 浙江仙通橡塑股份有限公司 (二) 会议召开地点:上证路演中心 (三) 会议召开方式:上证路演中心视频直播和网络互动 三、 参加人员 董事长:叶未亮 董事会秘书:项青锋 浙江仙通橡塑股份有限公司(以下简称"公司")已于 2024 年 8 月 22 日发布公司 2024 年半年度报告及其摘要,为便于广大投资者 更全面深入地了解公司 2024 年半年度经营成果、财务状况,公司计 划于 202 ...
浙江仙通:收入向好,盈利改善
Changjiang Securities· 2024-09-05 02:37
Investment Rating - The investment rating for the company is "Buy" and it is maintained [3][11]. Core Views - The company achieved a revenue of 555 million with a year-on-year growth of 21.70% and a net profit attributable to shareholders of 91 million, reflecting a year-on-year increase of 69.97% in the first half of the year [3][4]. - In Q2, the company continued its growth trend with a revenue of 285 million, up 22.91% year-on-year, and a net profit of 39 million, which is a 68.58% increase year-on-year [3][4]. - The automotive industry showed stable growth with a 6.1% year-on-year increase in vehicle sales, benefiting the company as it secured projects with key clients like Geely and Chery, particularly in the new energy vehicle sector [5][6]. - The gross profit margin improved by 3.4 percentage points to 31.1% due to significant revenue growth and ongoing project rollouts [5][6]. - The company has successfully optimized its customer structure, with major domestic automakers as clients, and is the only domestic company capable of mass-producing frameless sealing strips, positioning it well for market share and profit margin growth [5][6]. Financial Summary - The company reported a net profit margin of 16.5% in the first half of the year, an increase of 4.7 percentage points year-on-year [5][6]. - The projected net profits for 2024 and 2025 are approximately 210 million and 270 million, respectively, corresponding to price-to-earnings ratios of 15 and 12 times [5][6]. - The company maintains a strong cost advantage with over 90% of its molds produced in-house, contributing to its competitive profitability despite industry pressures [6].
浙江仙通:浙江仙通持股5%以上股东权益变动超过1%的提示性补充公告
2024-09-03 08:34
证券代码:603239 证券简称:浙江仙通 公告编号:2024-027 浙江仙通橡塑股份有限公司 持股 5%以上股东权益变动超过 1%的提示性补充公告 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个别及连带责任。 一、本次权益变动情况 2024 年 8 月 1 日至 2024 年 8 月 7 日期间,李起富先生通过集中竞价交易减持 浙江仙通橡塑股份有限公司(以下简称"公司")股份 2,365,627 股,占公司总股 本的 0.8738%;通过大宗交易减持公司股份 5,392,000 股,占公司总股本的 1.9917%。截止本公告披露,李起富先生累计减持公司股份 7,757,627 股,占公司 总股本的 2.8655%。本次权益变动及信息披露义务人的基本信息如下: 二、本次权益变动前后,李起富持股情况 | 股东名称 | 减持前 | | 减持后 | | | --- | --- | --- | --- | --- | | | 数量(股) | 比例 | 数量(股) | 比例 | | 李起富先生 | 71,887,500 | 26.55% | ...
浙江仙通:公司信息更新报告:H1净利同比大幅增长,持续看好公司成长性
KAIYUAN SECURITIES· 2024-08-27 13:01
Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company reported a significant year-on-year increase in net profit for H1 2024, achieving a revenue of 555 million yuan, up 21.70%, and a net profit of 91 million yuan, up 69.97% [3][4] - The growth is attributed to strong performance from core customers such as Geely and Chery, as well as the launch of new models in the electric vehicle segment [3] - The company is expected to maintain steady growth due to favorable policies and the introduction of new products [3] - Profit forecasts for 2024-2026 are set at 217 million, 301 million, and 370 million yuan respectively, with corresponding EPS of 0.80, 1.11, and 1.37 yuan per share [3] - The current stock price corresponds to PE ratios of 14.9, 10.7, and 8.7 for 2024-2026, indicating a competitive advantage and high growth certainty [3] Financial Performance Summary - H1 2024 revenue reached 555 million yuan, a 21.70% increase year-on-year, while net profit rose by 69.97% to 91 million yuan [3] - The company's gross margin has been on an upward trend since Q3 2023, indicating improved profitability [4] - The company has secured over 120% of the projects it undertook in the entirety of 2023, primarily in the electric vehicle sector, enhancing its competitive edge [4] - Revenue projections for the next few years are as follows: 2024E at 1,250 million yuan, 2025E at 1,661 million yuan, and 2026E at 2,018 million yuan, with respective year-on-year growth rates of 17.3%, 32.9%, and 21.5% [6] - The net profit projections for the same period are 217 million yuan (2024E), 301 million yuan (2025E), and 370 million yuan (2026E), with year-on-year growth rates of 43.5%, 39.0%, and 22.8% [6] Market Position and Competitive Advantage - The company has over 90% of its production molds self-developed, allowing for reduced development and manufacturing cycles, which effectively lowers costs [5] - The shift towards electric vehicles has created opportunities for the company to capture market share as traditional fuel vehicle manufacturers face challenges [5] - The competitive landscape is shifting, with some foreign sealing strip companies underperforming in the domestic market, providing a favorable environment for the company to expand its market share [5]
浙江仙通:2024年中报点评:2024年H1归母净利润同比高增70%,新能源车项目加码持续贡献业绩弹性
Guohai Securities· 2024-08-23 04:00
Investment Rating - The investment rating for the company is "Accumulate (Maintain)" [2][8] Core Views - The company achieved a significant increase in net profit, with a year-on-year growth of 70% in H1 2024, driven by the expansion of its new energy vehicle projects [2][3] - The revenue for H1 2024 reached 555 million yuan, representing a year-on-year increase of 21.7%, supported by strong performance from core clients such as Geely and Chery, as well as the ramp-up of new energy vehicle production [3][5] - The company’s gross margin improved to 31.14%, up 3.37 percentage points year-on-year, indicating enhanced profitability due to revenue growth, ongoing project launches, and effective cost control [3][5] Summary by Sections Financial Performance - In H1 2024, the company reported a net profit attributable to shareholders of 91 million yuan, a 70% increase year-on-year, with a net profit margin of 16.47%, up 4.68 percentage points [2][3] - The company’s revenue for Q2 2024 was 285 million yuan, reflecting a year-on-year growth of 22.9% [2][3] Market Position and Growth Potential - The new energy vehicle projects contributed approximately 15.3% to total revenue in H1 2024, an increase of 5 percentage points compared to the previous year [3] - The company has secured 1.2 times the number of projects in H1 2024 compared to the total projects acquired in 2023, with a focus on new energy vehicle initiatives [3][5] Earnings Forecast - The company is projected to achieve total revenue of 1.333 billion yuan, 1.595 billion yuan, and 1.820 billion yuan for the years 2024, 2025, and 2026, respectively, with year-on-year growth rates of 25%, 20%, and 14% [5][6] - The net profit attributable to shareholders is expected to reach 231 million yuan, 290 million yuan, and 339 million yuan for the same years, with growth rates of 53%, 25%, and 17% [5][6]
浙江仙通:第五届监事会第十二次会议决议公告
2024-08-22 08:33
证券代码:603239 证券简称:浙江仙通 公告编号:2024-026 浙江仙通橡塑股份有限公司 第五届监事会第十二次会议决议公告 3、在 2024 年半年度报告的编制过程中,未发现公司参与半年度报告编制和审 议的人员有违反保密规定的行为; 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个别及连带责任。 一、监事会会议召开情况 浙江仙通橡塑股份有限公司(以下简称"公司")第五届监事会第十二次会议于 2024 年 8 月 22 日在公司办公楼五楼会议室以现场表决方式召开。本次监事会会议 通知于 2024 年 8 月 12 日以电子邮件和电话形式发出。本次会议由监事会主席崔 伟燕女士召集并主持,会议应出席监事 3 名,实际出席监事 3 名。会议召集及召 开方式符合《公司法》和《公司章程》等有关规定,所形成的决议合法有效。 二、监事会会议审议情况 (一)审议通过《公司 2024 年半年度报告及其摘要》 经审核,公司监事会认为: 1、公司 2024 年半年度报告的编制和审议程序符合法律、法规、《公司章程》 和公司内部管理制度的各项规定; 2、公 ...