证券代码：603239 证券简称：浙江仙通 公告编号：2024-023 浙江仙通橡塑股份有限公司 股东减持股份计划公告 本公司董事会、全体董事及相关股东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： 1 李起富先生持有公司 71,887,500 股无限售条件流通股（占公司总股本 的 26.55%）。 2024 年 6 月 6 日，浙江仙通橡塑股份有限公司股东李起富先生、金桂 云先生以及邵学军先生与台州五城产业发展有限公司签署《补充协议》。 根据前期交易协议约定，李起富先生应于 2024 年 6 月 7 日前完成相关 股票减持事宜；《补充协议》约定将李起富先生的股票减持期限延长至 2024 年 12 月 7 日，表决权放弃的期限亦相应延长至李起富先生按照该 等约定完成股票减持之日。李起富先生将在 2024 年 12 月 7 号前完成 所持公司 14,377,500 股股份（对应上市公司股份比例为 5.31%）的减 持工作。 公司股东李起富先生拟以集中竞价、大宗交易等方式进行减持。自本 公告披露之日起 15 个交易后的 3 个月内通过集 ...

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [2] Core Views - The company is expected to achieve a significant year-on-year increase in net profit for the first half of 2024, with estimates ranging from 88 million to 95 million yuan, representing a growth of 63.63% to 76.65% [4] - The number of orders continues to grow, driving revenue growth, and the gross profit margin is expected to improve [5] - The company is focusing on securing contracts with leading domestic clients in the new energy vehicle sector and is advancing capacity construction [6] - The forecasted net profits for 2024-2026 are 210 million, 255 million, and 309 million yuan respectively, with corresponding PE ratios of 20.23, 16.60, and 13.71 [6] Summary by Sections Financial Performance - For the first half of 2024, the company anticipates a net profit of 88 million to 95 million yuan, with a year-on-year increase of 63.63% to 76.65% [4] - The second quarter of 2024 is projected to yield a net profit of 36.05 million to 43.05 million yuan, reflecting a growth of 54% to 84% [4] Revenue and Orders - As of May 2024, the company has secured new projects that equal the total projects undertaken in 2023, with plans to undertake approximately 200% of the total projects from 2023 in 2024 [5] - The company is set to supply exclusive products for several new energy vehicle models, which are expected to enter mass production this year [5] Strategic Initiatives - The company aims to lock in contracts with top-tier domestic automakers and is accelerating the introduction of advanced production and R&D equipment [6] - A plan is in place to establish 2.5 billion yuan in advanced production capacity within three years to support future business growth [6] Profit Forecast - The projected revenues for 2024 to 2026 are 1.28 billion, 1.50 billion, and 1.77 billion yuan respectively, with net profit growth rates of 38.73%, 21.87%, and 21.10% [8]

[Table_Main] 公司研究|可选消费|汽车与汽车零部件 证券研究报告 浙江仙通(603239)公司点评报告 2024 年 07 月 02 日 ——浙江仙通(603239)公司点评报告 [Table_Summary] 事件： 公司发布 2024 年半年度业绩预告，业绩符合我们预期。公司预计 2024 半 年度实现归属于母公司所有者的净利润为 8800 万元到 9500 万元, 同比 增加 63.63%到 76.65%；公司预计 2024 半年度实现归属于母公司所有 者的扣除非经常性损益的净利润为 8650 万元到 9350 万元, 同比增加 65.68%到 79.06%。 业绩高增长主要原因系营收增加及良品率提升 公司于 2024 年半年度业绩预告中表示，随着新能源汽车行业的发展，客户 订单数量持续增长，推动了公司的营业收入持续增加；公司内部不断优化产 品性能及质量，使产品良品率得到提升；另外随着营业收入的增长，费用率 也有所下降。我们预计，展望未来公司有望加速扩大营收规模，其中订单获 取方面，公司规划承接的新定点项目为 2023 年全年项目总数的 200%。毛 利率方面，目前三元乙丙橡胶等原材料价格已 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for its performance relative to the market [2][17]. Core Views - The company is expected to achieve significant profit growth, with projected net profits for 2024-2026 being CNY 237 million, CNY 330 million, and CNY 394 million respectively, reflecting a strong increase in profitability [2][4]. - The company is actively expanding its production capacity and has successfully secured new projects, which is anticipated to enhance its market share [11][20]. - The company has a robust order backlog, with 42 new projects under development, indicating a stable revenue growth trajectory [10][19]. Financial Summary - The company's revenue is projected to grow from CNY 1,066 million in 2023 to CNY 2,105 million by 2026, with a compound annual growth rate (CAGR) of approximately 32.8% [3][4]. - The gross margin is expected to improve from 29.4% in 2023 to 33.7% in 2026, reflecting better cost control and product mix [4][20]. - The net profit margin is projected to increase from 14.2% in 2023 to 18.7% in 2026, indicating enhanced profitability [4][20]. Market Performance - The company's stock has shown a relative performance of -34% compared to the CSI 300 index, indicating a need for improvement in market perception [2][9]. - The stock price has fluctuated between CNY 9.90 and CNY 17.99 over the past 52 weeks, suggesting volatility in market sentiment [3].

Financial Performance Expectations - The company expects a net profit attributable to shareholders for the first half of 2024 to be between 88 million and 95 million CNY, representing a year-on-year increase of 63.63% to 76.65%[10]. - The net profit after deducting non-recurring gains and losses is projected to be between 86.5 million and 93.5 million CNY, with a year-on-year increase of 65.68% to 79.06%[10]. - The preliminary estimated net profit for the first half of 2024 is expected to increase by 34.22 million to 41.22 million CNY compared to the same period last year[6]. - The company reported a total profit of 59.15 million CNY and a net profit attributable to shareholders of 53.78 million CNY for the previous year[13]. Operational Insights - The company has seen a continuous increase in customer orders driven by the growth of the new energy vehicle industry, contributing to rising operating revenue[13]. - The company has optimized product performance and quality, resulting in an improved product yield rate[13]. - The company anticipates a decrease in expense ratio alongside the growth in operating revenue[13]. Financial Data and Risks - The preliminary financial data has not been audited by an accounting firm and is subject to change[12]. - The company has not identified any significant uncertainties that could impact the accuracy of the profit forecast[13]. - Investors are advised to pay attention to investment risks as the final financial data will be disclosed in the official half-year report[13].

浙江天册律师事务所 关于 浙江仙通橡塑股份有限公司 2024 年第一次临时股东大会的 浙江天册律师事务所 关于浙江仙通橡塑股份有限公司 2024 年第一次临时股东大会的 法律意见书 编号：TCYJS2024H0968 号 致：浙江仙通橡塑股份有限公司 浙江天册律师事务所（以下简称"本所"）接受浙江仙通橡塑股份有限公司 （以下简称"浙江仙通"或"公司"）的委托，指派本所律师参加公司 2024 年第 一次临时股东大会，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《上市公司股东大会规则》 （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召集、召开程序、出席人员 的资格、召集人的资格、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。 本法律意见书仅供公司 2024 年第一次临时股东大会之目的使用。本所律师同 意将本法律意见书随浙江仙通本次股东大会其他信息披露资料一并公告，并依法 对本所在其中发表的法律意见 ...

证券代码：603239 证券简称：浙江仙通 公告编号：2024-021 浙江仙通橡塑股份有限公司 2024 年第一次临时股东大会决议公告 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 (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，董事长叶未亮先生主持，采取现场投票及网络 (一) 股东大会召开的时间：2024 年 6 月 24 日 (二) 股东大会召开的地点：浙江省仙居县现代工业集聚区浙江仙通办公楼五 楼会议室 (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： 投票方式召开并表决。会议的召集和召开符合《公司法》、《上市公司股东大会规 则》等有关法律法规和公司《章程》的规定 (五) 公司董事、监事和董事会秘书的出席情况 1、公司在任董事 9 人，出席 9 人。 二、 议案审议情况 | 1、出席会议的股东和代理人人数 | 47 | | --- | --- | | 2、出席会议的股东所持有 ...

浙江仙通橡塑股份有限公司 （股票代码：603239） 2024 年第一次临时股东大会 会议资料 会议时间：二〇二四年六月二十四日 浙江仙通橡塑股份有限公司 2016 年年度股东大会会议材料 浙江仙通橡塑股份有限公司 2024 年第一次临时股东大会会议资料 浙江仙通橡塑股份有限公司 2024 年第一次临时股东大会会议须知 为了维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保证 大会的顺利进行，根据《中华人民共和国公司法》、《中华人民共和国证券法》、 中国证监会《上市公司股东大会规则》以及《公司章程》、《股东大会议事规则》 的相关规定，特制定 2024 年第一次临时股东大会会议须知： 2024 年第一次临时股东大会会议资料 目录 | 2024 | 年第一次临时股东大会会议须知 2 | | --- | --- | | 2024 | 年第一次临时股东大会议程 4 | | 议案一 | 关于修订《公司章程》的议案 6 | | | 议案二 关于公司股东签署《补充协议》及减持承诺变更和表决权放弃延期事项的议案 7 | 1 浙江仙通橡塑股份有限公司 2024 年第一次临时股东大会会议资料 浙江仙通橡塑股份有限公司 ...

Summary of the Conference Call for Zhejiang Xiantong Company Overview - **Company**: Zhejiang Xiantong - **Industry**: Automotive components, specifically focusing on sealing systems for vehicles Key Points Order Acquisition and Growth - As of May 2023, the company has already surpassed its total order acquisition for the entire previous year, with expectations to achieve double the orders compared to last year [1][3] - The company is intensifying its order acquisition efforts, focusing on securing more components per vehicle, which is expected to enhance revenue [2] - A year-on-year increase of approximately 20% in order acquisition is noted, indicating a shift from a conservative growth strategy to a more aggressive one [3] Revenue Projections - Revenue from current orders is anticipated to significantly increase in 2 to 3 years, aligning with the typical development cycles of electric and traditional vehicles [4][5] - The company is expanding its client base, particularly with new customers in the electric vehicle sector, such as Xiaomi, and increasing orders from established clients like Geely and Chery [6] Market Dynamics - The company is experiencing a shift in order distribution, with a notable increase in orders from European and American manufacturers, particularly due to the economic struggles of previous suppliers [6][19] - The competitive landscape is characterized by a mix of foreign and joint venture companies, with over 50% of the market share held by these entities [17] Financial Performance - The company has reported a significant increase in gross margin, with expectations to maintain a gross margin between 38% to 40% moving forward [22] - The current pricing environment for new orders is favorable due to high raw material costs, which are expected to stabilize or decrease, potentially enhancing profit margins [13][20] Product Development and Innovation - The company is focusing on developing new products, including frameless doors, which are gaining traction in the market [9][12] - There is a strategic emphasis on expanding the production of aluminum alloy components, which are increasingly integrated into their sealing systems [33][34] Future Outlook - The company is cautious about international expansion, preferring to solidify its domestic market position before considering overseas ventures [30] - There are ongoing discussions regarding potential mergers and acquisitions, particularly targeting foreign sealing companies facing challenges in the Chinese market [28][29] Additional Insights - The company is maintaining a high standard for client selection, focusing on long-term viability and sustainability of new clients [12] - The impact of rising shipping costs on raw material procurement is considered minimal due to existing inventory strategies [25][26] This summary encapsulates the key insights and projections discussed during the conference call, highlighting the company's strategic direction, market positioning, and financial outlook.

Summary of Conference Call Company/Industry Involved - The conference call is related to Guoyuan Securities Core Points and Arguments - Guoyuan Securities emphasizes that the meeting does not constitute investment advice for participants [1] - Participants are advised to fully understand various investment risks and make independent investment decisions based on their own circumstances [1] - The intellectual property of the meeting content is solely owned by Guoyuan Securities, and prior written permission is required for any use [1] Other Important but Possibly Overlooked Content - The company highlights the importance of understanding investment risks, indicating a focus on investor education [1] - The legal disclaimer suggests a cautious approach to investment discussions, which may reflect the current market conditions [1]