证券日报网讯 9月11日晚间，银都股份发布公告称，公司于2025年9月10日召开职工代表大会，经全体 与会职工代表表决，选举张艳杰女士为公司第五届董事会职工代表董事。 （文章来源：证券日报） ...

Investment Rating - The report maintains a strong buy recommendation for the industry, highlighting specific companies such as Juxing Technology, QuanFeng Holdings, Jack Technology, and Honghua Digital Science as key investment opportunities [4][9]. Core Insights - The overall revenue growth rate for the sample companies in the first half of 2025 was 15.04%, while the net profit growth rate was 23.34%, indicating that profit growth outpaced revenue growth [3][15]. - The average gross margin for the sample companies in the first half of 2025 was 30.95%, a slight decrease of 0.53 percentage points year-on-year, while the average net margin increased by 0.96 percentage points to 14.15% [3][21]. - Cash flow conditions improved significantly, with operating net cash flow rising from 5.384 billion in the first half of 2024 to 6.978 billion in the first half of 2025 [3][21]. Summary by Sections 1. Overview of Consumer Goods Export Chain Companies - The report analyzes 21 companies in the mechanical industry that primarily serve the C-end consumer market or manufacture products for C-end consumption, with a significant portion of their revenue coming from overseas markets [2][12]. 2. Stock Performance - Stock performance showed significant differentiation, with companies in the garden tools and two-wheeler sectors performing well. Notable performers in Q1 2025 included Jiexing Technology and QuanFeng Holdings, driven by the robotics sector [7][13]. 3. Profit Growth Outpacing Revenue Growth - The report notes that several companies experienced revenue growth exceeding 20%, including Daya Co. with a 132.3% increase in revenue due to seasonal demand and acquisitions [15][16]. 4. Profitability Improvement - Most sample companies demonstrated strong profitability, with net profit margins increasing year-on-year. Companies like Yindu Co. and Honghua Digital Science reported high net margins of 24.3% and 25.47%, respectively [21][22]. 5. Cash Flow Status - The cash flow situation for the sample companies is reported to be good, with a net cash ratio consistently above 1, indicating healthy cash flow management [3][21]. 6. Future Outlook - The report emphasizes the importance of monitoring tariff and interest rate changes, which could catalyze demand in certain sub-industries. The anticipated interest rate cuts in the U.S. are expected to enhance demand elasticity for related products [8][9]. 7. Investment Recommendations - The report suggests focusing on companies with advanced global layouts that are likely to gain market share amid tariff changes. Specific recommendations include Juxing Technology, QuanFeng Holdings, and Jack Technology [8][9].

银都餐饮设备股份有限公司 关于非独立董事辞职暨选举职工代表董事的公告 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。 证券代码：603277 股票简称：银都股份 公告编号：2025-039 一、董事离任情况 （一）提前离任的基本情况 银都餐饮设备股份有限公司（以下简称"公司"）董事会收到非独立董事蒋 小林先生的书面辞职文件，因个人原因辞去公司第五届董事会非独立董事相关职 务。辞职后，非独立董事蒋小林先生将不再担任公司其他任何职务。 | 蒋小林 | | | | 姓名 | | | | --- | --- | --- | --- | --- | --- | --- | | 董事 月 10 日 | 非独立 2025 年 9 | | | 离任时间 务 | 离任职 | | | 月 5 | 2027年5 | | 日 | 期到期 | 原定任 | | | 日 | | | | | | | | 原因 | 个人 | | | 原因 | 离任 | | | 否 | | 任职 | 股子公司 | 司及其控 | 在上市公 | 是否继续 | | 不适用 | ...

一、董事会会议召开情况 银都餐饮设备股份有限公司（以下简称"公司"）第五届董事会第十四次会 议于 2025 年 9 月 10 日 17:00（星期三）在浙江省杭州市临平区星桥街道博旺街 56 号公司会议室以现场结合通讯的方式召开。全体董事同意豁免会议通知时间 要求，本次会议应出席董事 7 人，实际出席董事 7 人（其中：通讯方式出席董事 3 人）。 证券代码：603277 证券简称：银都股份 公告编号：2025-038 银都餐饮设备股份有限公司 第五届董事会第十四次会议决议公告 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。 表决结果：7 票同意，0 票反对，0 票弃权。 会议由董事长周俊杰先生主持，部分高管列席。会议召开符合有关法律、 法规、规章和《公司章程》的规定。经各位董事认真审议，会议形成了如下决议： （一）审议通过《关于选举代表公司执行公司事务董事的议案》 三、备查文件 1、第五届董事会第十四次会议决议。 特此公告。 二、董事会会议审议情况 第五届董事会同意选举周俊杰先生为代表公司执行公司事务的董事，并担 任公 ...

2025 年第一次临时股东大会的 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 浙江天册律师事务所 关于 银都餐饮设备股份有限公司 法律意见书 浙江天册律师事务所 关于银都餐饮设备股份有限公司 2025 年第一次临时股东大会的 法律意见书 编号：TCYJS2025H1462 号 致：银都餐饮设备股份有限公司 浙江天册律师事务所（以下简称"本所"）接受银都餐饮设备股份有限公司 （以下简称"银都股份" 或"公司"）的委托，指派本所律师参加公司 2025 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"）和中国证券监督管理委员会 关于《上市公司股东会规则》（以下简称"《股东会规则》"）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 ...

证券代码：603277 证券简称：银都股份 公告编号：2025-037 银都餐饮设备股份有限公司 2025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。 一、 会议召开和出席情况 (一)股东会召开的时间：2025 年 9 月 10 日 (二)股东会召开的地点：浙江省杭州市临平区星桥街道博旺街 56 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 | 112 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 494,271,872 | | 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（%） | 80.5397 | (四)表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 本次会议由公司董事会召集，由公司董事长周俊杰先生主持，本次会议以现场投 票和网络投票相结合的方式召开，会议的召集、召开符合《公司法》《公司章程》 等法律法规及规范性文件的规定 ...

（文章来源：证券时报网） 据Wind统计，截至9月3日，沪深两市共有147只个股连续5日或5日以上获主力资金净买入。连续获主力 资金净买入天数最多的股票是银都股份，已连续16个交易日获净买入；连续获主力资金净买入天数较多 的还有华塑股份、拉芳家化、岱美股份、人民网、豫光金铅、哈药股份、天普股份、维尔利等股。 ...

据Wind统计，截至9月2日，沪深两市共有140只个股连续5日或5日以上获主力资金净买入。连续获主力 资金净买入天数最多的股票是银都股份，已连续15个交易日获净买入；连续获主力资金净买入天数较多 的还有凯迪股份、华塑股份、坤恒顺维、菲沃泰、岱美股份、人民网、交大思诺、拉芳家化等股。 （文章来源：证券时报网） ...

Core Viewpoint - As of September 1, a total of 132 stocks in the Shanghai and Shenzhen markets have experienced net buying from major funds for five consecutive days or more, indicating strong investor interest in these stocks [1] Group 1: Stocks with Significant Net Buying - The stock with the longest consecutive net buying days is Yindu Co., which has seen net buying for 14 consecutive trading days [1] - Other stocks with notable consecutive net buying days include Huashu Co., Zhongwang Fabric, Kaidi Co., Meishuo Technology, Kunheng Shunwei, People’s Network, Jiaoda Sinuo, and Konggang Co. [1]

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [2] Core Views - The company's revenue for the first half of 2025 reached 1.426 billion yuan, a year-on-year increase of 4.35%, while the net profit attributable to shareholders was 347 million yuan, remaining stable. However, the net profit after deducting non-recurring gains and losses decreased by 20.6% year-on-year [7] - The company is facing short-term pressure on profit margins due to tariff policies, with a gross profit margin of 40.89% in Q2 2025, down 4.2 percentage points year-on-year [7] - The company is advancing its globalization strategy, having completed the establishment of 19 self-owned warehouses and 22 agency warehouses as part of its "85 Country Plan" [7] - The company is expected to achieve net profits of 601 million yuan, 652 million yuan, and 742 million yuan for 2025, 2026, and 2027 respectively, corresponding to PE ratios of 18, 16, and 14 times [7] Financial Performance Summary - Revenue forecast (in million yuan): 2023A: 2653, 2024A: 2753, 2025E: 3042, 2026E: 3373, 2027E: 3616, with a revenue growth rate of 10.5% in 2025E [6][8] - Net profit forecast (in million yuan): 2023A: 511, 2024A: 541, 2025E: 601, 2026E: 652, 2027E: 742, with a net profit growth rate of 11.05% in 2025E [6][8] - EPS forecast (in yuan): 2023A: 1.22, 2024A: 1.29, 2025E: 0.98, 2026E: 1.06, 2027E: 1.21 [6][8] - The company’s ROE is projected to be 18.95% in 2025E, with a PB ratio of 3.32 [6][8]