银都餐饮设备股份有限公司 2023 年年度股东大会的 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 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 2023 年年度股东大会的 法律意见书 编号：TCYJS2024H0576 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 2023 年年 度股东大会，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（2022 年修订）》（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 ...

证券代码：603277 证券简称：银都股份 公告编号：2024-015 银都餐饮设备股份有限公司 2023 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 表决情况： | 1、出席会议的股东和代理人人数 | 14 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 340,741,956 | | 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（%） | 81.0049 | (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，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。 (一) 股东大会召开的时间：2024 年 5 月 6 日 (二) 股东大会召开的地点：杭州临平区星桥街道博旺街 56 号公司会议室 (三) 出席会议 ...

Investment Rating - The report initiates coverage with a "Buy" rating for the company [12][24]. Core Insights - The company has shown a steady growth trajectory with Q1 revenue exceeding market expectations, indicating a significant improvement in profitability levels [4][12]. - The company is expected to continue its stable growth due to ongoing channel improvements and new product expansions [4][12]. - Revenue forecasts for 2024-2026 are projected at 30.99 billion, 37.46 billion, and 45.02 billion yuan, representing year-on-year growth of 17%, 21%, and 20% respectively [12][24]. Summary by Sections Company Overview - The company specializes in the research, production, sales, and service of commercial kitchen equipment, including refrigeration, western kitchen equipment, and buffet equipment [11][33]. Financial Performance - In 2023, the company achieved a revenue of 26.53 billion yuan, a slight decrease of 0.39% year-on-year, with a notable recovery in domestic sales [22][24]. - The net profit attributable to shareholders for 2023 was 5.11 billion yuan, reflecting a year-on-year increase of 13.54% [22][24]. - For Q1 2024, the company reported a revenue of 6.31 billion yuan, up 5.60% year-on-year, with net profit reaching 1.64 billion yuan, a substantial increase of 68.81% [22][24]. Profitability Metrics - The gross profit margin for 2023 was 43.50%, an increase of 5.72 percentage points year-on-year, indicating improved cost management [22][24]. - The report highlights a significant rise in profitability levels, with Q1 2024 gross margin at 48.15%, up 8.05 percentage points year-on-year [23][24]. Future Outlook - The company is expected to benefit from the gradual recovery of the European and American markets, alongside the introduction of new products such as the intelligent French fry robot [22][24]. - The establishment of 31 overseas warehouses is anticipated to enhance the company's international market presence and operational efficiency [23][24].

F熄证券 机械设备/通用设备 Q1 利润端超预期，持续拓展新产品、新区域 银都股份（603277.SH） 2024 年 04 月 29 日 ——公司信息更新报告 开 源 证 券 证 券 研 究 报 告 公司信息更新报告 股价走势图 数据来源：聚源 《产品智能化持续推进，外销景气度 不减—公司信息更新报告》-2024.4.16 《景气度迎拐点毛利率再提升，新品 有望加速普及—公司信息更新报告》 -2023.10.31 | --- | --- | --- | |---------------------------|---------------------------|---------------------------| | | | | | 初敏（分析师） | 孟鹏飞（分析师） | 李睿娴（联系人） | | chumin@kysec.cn | mengpengfei@kysec.cn | liruixian@kysec.cn | | 证书编号： S0790522080008 | 证书编号： S0790522060001 | 证书编号： S0790122120005 | 海运费回归正常毛利率大幅回升，利息收入 ...

Financial Performance - The company's operating revenue for Q1 2024 was ¥631,389,991.41, representing a year-on-year increase of 5.60%[4] - Net profit attributable to shareholders for Q1 2024 was ¥164,559,370.17, showing a significant increase of 68.81% compared to the same period last year[4] - Basic earnings per share for Q1 2024 were ¥0.39, an increase of 62.50% compared to the previous year[4] - The diluted earnings per share also stood at ¥0.39, marking a 69.57% increase year-on-year[4] - The total comprehensive income amounted to approximately ¥136.43 million, compared to ¥89.48 million in the previous period, reflecting a year-over-year increase of 52.5%[46] Cash Flow - The net cash flow from operating activities was -¥57,146,366.42, reflecting a decrease of 135.27% year-on-year[4] - Cash flow from operating activities for Q1 2024 was negative at CNY -57,146,366.42, compared to a positive CNY 162,029,072.14 in Q1 2023[38] - The total cash inflow from investment activities in Q1 2024 was CNY 4,029,902.68, a decrease from CNY 60,412,098.47 in Q1 2023[38] - The net cash flow from investing activities was CNY -62,071,023.06, compared to CNY -12,688,546.67 in the previous period, indicating a significant increase in cash outflow[39] - The net cash flow from financing activities was CNY 194,920,880.90, a substantial rise from CNY 9,256,280.00 in the prior period, reflecting improved financing conditions[39] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥4,100,758,372.70, a 6.84% increase from the end of the previous year[21] - The total current assets increased to CNY 2,773,085,351.91 from CNY 2,515,280,275.99, marking a growth of approximately 10.3%[42] - The total liabilities increased to CNY 1,137,035,600.82 from CNY 1,013,069,458.30, reflecting a rise of about 12.3%[44] - The company's short-term borrowings rose to CNY 349,714,129.52 from CNY 157,617,818.81, indicating a significant increase in leverage[43] Expenses - Total operating costs for Q1 2024 were CNY 441,879,198.07, a decrease of 10.3% from CNY 492,688,826.20 in Q1 2023[34] - The company's financial expenses showed a significant improvement, with a net financial income of CNY -21,353,690.17 in Q1 2024 compared to CNY 1,577,465.44 in Q1 2023[34] - The company’s tax expenses for Q1 2024 were CNY 27,610,871.02, compared to CNY 8,394,028.03 in Q1 2023, reflecting higher profitability[34] - The company's sales expenses for Q1 2024 were CNY 83,205,578.48, slightly down from CNY 85,435,694.94 in Q1 2023, indicating cost control measures[34] Investment and R&D - Research and development expenses increased to CNY 12,602,679.89 in Q1 2024, up from CNY 11,267,847.27 in Q1 2023, indicating a focus on innovation[34] - The total investment income for Q1 2024 was CNY 4,010,972.58, an increase from CNY 2,977,054.80 in Q1 2023[34] Other Information - Non-recurring gains and losses included government subsidies of ¥444,600.00 and fair value changes of financial assets totaling ¥6,997,913.13[6] - The increase in net profit was primarily driven by a decrease in shipping costs and an improvement in gross margin due to sales growth[8] - The other comprehensive income attributable to the parent company was a loss of approximately ¥28.13 million, worsening from a loss of ¥8.00 million in the previous period[46] - The company did not report any net profit from the merged entity prior to the merger, with previous net profit also reported as zero[46] - The company is not applying new accounting standards or interpretations for the current financial year[51]

Investment Rating - The report assigns an "Accumulate" rating for the company, marking it as the first coverage [12]. Core Insights - The company has shown stable performance with a slight decline in revenue but a significant increase in net profit, indicating effective cost management and product innovation [2][13]. - The company is focusing on "product diversification" and "equipment intelligence" as its core strategies, with recent innovations receiving international recognition [13]. - The decline in sales prices due to reduced shipping costs has impacted revenue, but the company has maintained a healthy gross margin [13]. Financial Performance Summary - In 2023, the company achieved total revenue of 2.653 billion yuan, a year-on-year decrease of 0.39%, while net profit rose to 511 million yuan, an increase of 13.54% [2]. - Revenue from commercial refrigeration equipment was 1.963 billion yuan, down 1.11% year-on-year, while revenue from Western kitchen equipment increased by 4.64% to 451 million yuan [2]. - Domestic revenue surged by 91.07% to 229 million yuan, while overseas revenue decreased by 4.80% to 2.392 billion yuan [2]. Future Projections - The company is projected to achieve net profits of 664 million yuan, 796 million yuan, and 927 million yuan for the years 2024, 2025, and 2026 respectively, with EPS expected to rise to 1.58 yuan, 1.89 yuan, and 2.20 yuan [13]. - The anticipated growth rates for revenue are 20.5%, 17.0%, and 13.4% for the years 2024, 2025, and 2026 respectively [12][13]. Strategic Focus - The company emphasizes "brand autonomy" and "global market expansion," with over 70% of sales now coming from its own brands, and a strong focus on the U.S. market [13]. - The company plans to continue expanding its overseas market presence, particularly in Thailand and the UK and France, through new product launches and improved distribution channels [13].

2024 年 05 月 06 日 银都餐饮设备股份有限公司 2023 年年度股东大会 会议资料 会议时间：2024 年 05 月 06 日 15:00 | 银都餐饮设备股份有限公司 1 | | --- | | 年年度股东大会议程 1 | | 2023 | | 2023 年年度股东大会会议须知 4 | | 议案一. 关于公司 2023 年年度报告及摘要的议案 6 | | 议案二. 2023 年度董事会工作报告 7 | | 议案三. 2023 年度监事会工作报告 12 | | 议案四. 2023 年度财务决算报告 17 | | 议案五. 关于 2023 年度利润分配预案和 2024 年中期分红预案的议案 20 | | 议案六. 关于聘任天健会计师事务所（特殊普通合伙）担任 2024 年度审计机构的议案 21 | | 议案七. 关于 2024 年度向金融机构申请贷款、综合授信额度及提供担保的议案 24 | | 议案八. 关于预计 2024 年度日常关联交易的议案 30 | | 议案九. 关于开展外汇衍生品交易业务的议案 34 | | 议案十. 关于公司 2023 年度募集资金存放与实际使用情况的专项报告的议案 38 ...

公 司 研 究 | --- | --- | |-------------------------|-------------| | 日期 | 2024/4/16 | | 当前股价 ( 元 ) | 27.49 | | 一年最高最低 ( 元 ) | 30.14/18.50 | | 总市值 ( 亿元 ) | 115.63 | | 流通市值 ( 亿元 ) | 114.74 | | 总股本 ( 亿股 ) | 4.21 | | 流通股本 ( 亿股 ) | 4.17 | | 近 3 个月换手率 (%) | 18.48 | 《景气度迎拐点毛利率再提升，新品 有望加速普及—公司信息更新报告》 -2023.10.31 业绩符合预期，"系列化"、"智能化"持续推进，股息率达到 3.5% 2023 年实现收入 26.53 亿元，同比-0.39%；其中 2023Q4 实现收入 5.96 亿元，同 比+9.49%。2023 年实现归母净利润 5.1 亿元，同比+13.5%，归母净利率 19.3%， 同比+2.4pct，其中2023Q4归母净利润1.04亿元，同比+31.2%，归母净利率 17.5%， 同比+3.1pct。收入略微下降主因 ...

公司代码：603277 公司简称：银都股份 银都餐饮设备股份有限公司 2023 年度内部控制评价报告 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致内部控制变得不恰当，或对控制政策和程序遵循的程 度降低，根据内部控制评价结果推测未来内部控制的有效性具有一定的风险。 二. 内部控制评价结论 1. 公司于内部控制评价报告基准日，是否存在财务报告内部控制重大缺陷 □是 √否 2. 财务报告内部控制评价结论 √有效 □无效 根据公司财务报告内部控制重大缺陷的认定情况，于内部控制评价 ...

目 录 | 一、内部控制审计报告…………………………………………… 第 | 1—2 | 页 | | --- | --- | --- | | 二、附件 ……………………………………………………………第 | 3—7 | 页 | | （一）本所营业执照复印件…………………………………………第 | 3 | 页 | | （二）本所执业证书复印件…………………………………………第 | 4 | 页 | | （三）本所从事证券服务业务备案完备证明材料…………………第 | 5 | 页 | | （四）本所签字注册会计师证书复印件…………………………第 | 6-7 | 页 | 内部控制审计报告 天健审〔2024〕1780 号 四、财务报告内部控制审计意见 我们认为，银都股份公司于 2023 年 12 月 31 日按照《企业内部控制基本规 第 1 页 共 7 页 银都餐饮设备股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我 们审计了银都餐饮设备股份有限公司（以下简称银都股份公司）2023 年 12 月 31 日的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范 ...