证券代码：603277 证券简称：银都股份 公告编号：2024-059 银都餐饮设备股份有限公司 关于调整 2021 年限制性股票激励计划首次、预留授予限制 性股票回购价格及回购注销部分激励对象已获授但尚未解 除限售的限制性股票的公告 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。 重要内容提示： 银都餐饮设备股份有限公司（以下简称"公司"）于 2024 年 10 月 25 日分别召开 第五届董事会七次会议和第五届监事会第七次会议，审议通过了《关于调整 2021 年限 制性股票激励计划首次、预留授予限制性股票回购价格》、《关于回购注销 2021 年限 制性股票激励计划部分激励对象已获授但尚未解除限售的限制性股票》的议案。根据《上 市公司股权激励管理办法》（以下简称"管理办法"）、《银都餐饮设备股份有限公司 2021 年限制性股票激励计划》（以下简称"《激励计划》"）的规定，首次授予激励对 象张琴富因离职原因，公司将对其已获授但尚未解除限售的 30,000 股限制性股票进行 回购注销。同时，已将首次授予限制性股票的回购价格 ...

证券代码：603277 证券简称：银都股份 公告编号：2024-056 银都餐饮设备股份有限公司 2024 年半年度权益分派实施公告 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： 每股分配比例 A 股每股现金红利 0.50 元 本次利润分配方案经公司 2024 年 5 月 6 日的 2023 年年度股东大会审议通过。 相关日期 二、 分配方案 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2024/10/23 | － | 2024/10/24 | 2024/10/24 | 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分公 司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 1. 发放年度：2024 年半年度 2. 分派对象： 三、 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | ...

证券代码：603277 证券简称：银都股份 公告编号：2024-055 银都餐饮设备股份有限公司控股股东之一致行动人通 过大宗交易及非交易过户内部转让股份计划 的提示性公告 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： 控股股东之一致行动人持股的基本情况 1、杭州银博投资合伙企业（有限合伙）（以下简称"银博合伙"）为银都餐饮设 备股份有限公司（以下简称"公司"或"银都股份"）控股股东周俊杰之一致行动人。 截至本公告披露日，银博合伙持有公司股份为 8,370,000 股，持股比例为 1.97%。 2、银博合伙为公司的员工持股平台，其中公司控股股东、董事长周俊杰为银博 合伙的执行事务合伙人，公司董事/高管蒋小林、吕威、朱智毅、朱文伟、王春尧、 王芬弟、鲁灵鹏为银博合伙的有限合伙人。 内部转让股份计划的主要内容 1、因银博合伙解散的原因，银博合伙的执行事务合伙人周俊杰拟以非交易过户 的方式将其通过银博合伙间接持有的上市公司股份（股份数量：44,637 股，持股比 例为 0.01%）过户至本人名下；其余 1 ...

Investment Rating - The report maintains a rating of "Accumulate" for Yindu Co., Ltd. [4] Core Views - Yindu Co., Ltd. has entered an upward profit channel, with ongoing global expansion efforts [3] - The company reported a revenue of 1.367 billion yuan for the first half of 2024, a year-on-year increase of 2.61%, and a net profit attributable to shareholders of 347 million yuan, up 28.80% year-on-year [4] - The decline in shipping costs has improved profitability, with gross margin and net profit margin increasing by 5.79 percentage points and 5.16 percentage points, respectively [4] Summary by Sections Financial Performance - In H1 2024, the company achieved revenues of 631 million yuan in Q1 and 735 million yuan in Q2, representing year-on-year growth of 5.60% and 0.18%, respectively [4] - The revenue from commercial catering refrigeration equipment, Western kitchen equipment, and self-service equipment for H1 2024 was 1.014 billion yuan, 215 million yuan, and 72 million yuan, with year-on-year changes of 3.5%, -10.1%, and -10.2% [4] - The overseas revenue was 1.291 billion yuan, up 6.49% year-on-year, while domestic revenue was 740 million yuan, down 37.99% year-on-year [4] Profitability - The gross margin and net profit margin for H1 2024 were 46.51% and 25.36%, respectively, benefiting from lower shipping costs [4] - The company's R&D expense ratio was 1.85%, a decrease of 0.19 percentage points year-on-year due to fewer direct investments in R&D for new products [4] Product Development and Global Expansion - The company received the 2024 Kitchen Technology Innovation Award for its "French Fry Automatic Box Packing Machine," attracting more cooperation from U.S. chain customers [4] - The company is advancing its "85 Country Plan" with the completion of its own overseas warehouse in the UK and ongoing construction in France [4] Investment Recommendations and Profit Forecast - The report forecasts revenues of 2.995 billion yuan, 3.345 billion yuan, and 3.714 billion yuan for 2024, 2025, and 2026, respectively, with net profits of 658 million yuan, 753 million yuan, and 855 million yuan [4] - The expected EPS for 2024, 2025, and 2026 is 1.55 yuan, 1.77 yuan, and 2.01 yuan, corresponding to P/E ratios of 15.76, 13.78, and 12.13 [4]

证券代码：603277 证券简称：银都股份 银都餐饮设备股份有限公司 投资者关系活动记录表 编号：2024-002 | --- | --- | --- | |------------------------|-----------------------------------|------------------------------------------------------------| | | | | | 投资者关系活动类别 | 特定对象调研 | 分析师会议 | | | 媒体采访 | 业绩说明会 | | | 新闻发布会 | 路演活动 | | | 现场参观 | | | | 其他（请文字说明其他活动内容） | | | 参与单位名称及人员姓名 | 线上参与公司 2024 | 年半年度业绩说明会的投资者 | | 时间 | 2024 年 09 月 11 | 日 15:00-16:00 | | 地点 | | 价值在线（https://www.ir-online.cn/）网络互动 | | | 董事长 周俊杰 | | | 上市公司接待人员姓名 | 总经理 朱文伟 董事会秘书 鲁灵鹏 | | | | 财务负责人 ...

[Table_MainInfo] 公司研究/机械工业/其他专用机械 证券研究报告 银都股份（603277）公司半年报点评 2024 年 09 月 10 日 [Table_InvestInfo] 投资评级 优于大市 维持 | --- | --- | |-----------------------------------------------------------|-------------| | 股票数据 | | | 09 [ Table_StockInfo 月 10 日收盘价（元） ] | 24.45 | | 52 周股价波动（元） | 19.50-34.86 | | 总股本 / 流通 A 股（百万股） | 425/421 | | 总市值 / 流通市值（百万元） | 10385/10282 | | 相关研究 | | | [Table_ReportInfo] 《销售量增长稳健凸显竞争力，海外渠道 | + 新 | | 品布局共振》 2024.04.28 | | 市场表现 [Table_QuoteInfo] -22.34% -11.34% -0.34% 10.66% 21.66% 2023/9 2023/12 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has exceeded profit expectations through product and cost optimization, and has announced a mid-term dividend distribution [4] - In H1 2024, the company achieved revenue of 1.367 billion yuan, a year-on-year increase of 2.61%, and a net profit attributable to shareholders of 347 million yuan, a year-on-year increase of 28.8% [4] - The company plans to distribute a cash dividend of 2.12 billion yuan, with a dividend rate of 61%, resulting in an annualized dividend yield of 4% based on the current stock price [4] - The profit margin is expected to remain high, with new products and regions set to contribute to growth, leading to an upward revision of profit forecasts for 2024-2026 [4] Financial Performance Summary - In Q2 2024, the company reported revenue of 735 million yuan, a year-on-year increase of 0.18%, and a net profit of 182 million yuan, a year-on-year increase of 6.08% [4] - The gross profit margin for Q2 2024 was 45.09%, a year-on-year increase of 3.87 percentage points [4] - The company’s sales expense ratio was 12.98%, a year-on-year decrease of 0.64 percentage points, while the management expense ratio was 5.85%, a year-on-year increase of 0.43 percentage points [4] - The company’s revenue for H1 2024 was 1.291 billion yuan from exports, a year-on-year increase of 7.37%, while domestic sales revenue was 74.34 million yuan, a year-on-year decrease of 42.71% [5] Product and Market Expansion - The company is actively expanding into new regions, with a focus on the "85 Country Plan" and has established overseas warehouses in the UK and is progressing in France [5] - The sales revenue from self-owned brands has exceeded 70%, with a higher gross margin compared to OEM products [5] - The company’s self-developed "French Fry Automatic Box Machine" received the "2024 Kitchen Technology Innovation Award" from the American Restaurant Association, indicating strong market recognition [5]

Investment Rating - The report maintains a "Strong Buy" rating for the company, with a target price of 40.82 CNY, compared to the current price of 25.00 CNY [1]. Core Insights - The company reported a revenue of 1.367 billion CNY for the first half of 2024, representing a year-on-year increase of 2.61%, and a net profit attributable to shareholders of 347 million CNY, up 28.8% year-on-year [1]. - The overseas revenue increased by 7.4% year-on-year, while domestic revenue saw a decline of 42.7% [1]. - The gross margin for the first half of 2024 was 46.51%, an increase of 5.79 percentage points year-on-year, primarily due to a decrease in shipping costs [1]. - The company expects revenue growth of 10.6%, 12.6%, and 12.5% for the years 2024, 2025, and 2026, respectively, with net profit growth of 30.5%, 17.3%, and 15.8% for the same years [1][2]. Financial Summary - Total revenue for 2023 was 2.653 billion CNY, with a projected increase to 2.935 billion CNY in 2024 [2]. - The net profit for 2023 was 511 million CNY, expected to rise to 667 million CNY in 2024 [2]. - Earnings per share (EPS) is projected to increase from 1.20 CNY in 2023 to 1.57 CNY in 2024 [2]. - The company’s total assets are projected to grow from 3.838 billion CNY in 2023 to 4.208 billion CNY in 2024 [5].

证券代码：603277 证券简称：银都股份 公告编号:2024-050 银都餐饮设备股份有限公司 第五届监事会第六次会议决议公告 本公司监事会及全体监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 银都餐饮设备股份有限公司（以下简称"公司"或"银都股份"）第五届监 事会第六次会议于 2024 年 08 月 29 日上午 09 时 30 分在杭州临平区星桥街道博 旺街 56 号公司会议室以现场的方式召开。本次会议于 2024 年 08 月 19 日以电子 邮件方式通知各位监事。会议应到监事 3 名，亲自出席会议监事 3 名，委托其他 监事出席 0 名。会议由监事会主席张艳杰主持，本次会议的召开符合《中华人民 共和国公司法》及《公司章程》的有关规定，会议合法、有效。 二、监事会会议审议情况 （一）审议通过《关于<公司2024年半年度报告>及摘要的议案》 公司监事会认为 2024 年半年度报告及其摘要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，报告的内容和格式符合中 国证监会和上海证券交易所的 ...

Dividend Distribution - The company plans to distribute a cash dividend of 5.00 RMB per 10 shares, totaling 212,381,750.00 RMB (including tax) for the first half of 2024[2]. - The total share capital for the dividend distribution is based on 42,476.35 million shares as of the latest announcement date[2]. - The company does not plan to increase capital through stock dividends or bonus shares in the current profit distribution proposal[39]. Financial Performance - The company's revenue for the first half of 2024 reached ¥1,366,801,878.67, representing a 2.61% increase compared to ¥1,332,023,682.84 in the same period last year[13]. - Net profit attributable to shareholders was ¥346,637,773.07, a significant increase of 28.80% from ¥269,119,610.64 in the previous year[13]. - The net profit after deducting non-recurring gains and losses was ¥329,254,361.44, up 25.98% from ¥261,349,175.37 year-on-year[13]. - Basic earnings per share for the first half of 2024 were ¥0.83, reflecting a 29.69% increase from ¥0.64 in the same period last year[14]. - The weighted average return on equity increased to 11.60%, up 1.59 percentage points from 10.01% in the previous year[14]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥4,042,574,243.72, a 5.33% increase from ¥3,838,132,137.00 at the end of the previous year[13]. - The net assets attributable to shareholders decreased to ¥2,750,504,956.44, a decline of 2.64% from ¥2,825,062,678.70 at the end of the previous year[13]. - Current liabilities rose to ¥940,509,665.77, compared to ¥732,340,966.14, indicating an increase of approximately 28.4%[68]. - Total liabilities rose to ¥1,292,069,287.28 from ¥1,013,069,458.30, representing an increase of approximately 27.5%[68]. Cash Flow - The net cash flow from operating activities was ¥301,909,992.64, down 27.92% from ¥418,836,684.32 in the same period last year[13]. - The cash inflow from operating activities totaled CNY 1,371,861,488.57, slightly decreasing from CNY 1,382,385,524.62 year-on-year[77]. - Cash flow from financing activities showed a net outflow of CNY 396,114,897.24, compared to a net outflow of CNY 235,282,077.87 in the same period last year, indicating a worsening cash position[78]. Market Expansion and Strategy - The company is focused on expanding its market presence in the lighting product sector, which includes LED sources and energy-saving lamps[8]. - The company has established sales subsidiaries in over 80 countries, including the US, UK, Germany, France, Italy, Australia, and Canada, to enhance its global market presence[18]. - The company aims to become a leading enterprise in the global commercial kitchenware industry by optimizing resource allocation and leveraging core competencies[21]. Research and Development - Research and development expenses amounted to CNY 25,326,817.47, a decrease of 6.98% from the previous year, reflecting a focus on intelligent and chain products[22]. - The company is investing in new technology development, allocating $50 million towards R&D initiatives aimed at enhancing product features and user experience[54]. Environmental Compliance - The company has implemented an environmental management system certified to GB-T 24001-2016/ISO 14001:2015, ensuring compliance with environmental standards[43]. - The company reported a total of 2,665 tons of CO2 equivalent emissions reduction during the reporting period[47]. - The production load reached over 75%, with all wastewater and air emissions meeting the required environmental standards[45]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 6,887[62]. - The largest shareholder, Zhou Junjie, holds 21,092.40 million shares, representing 50.14% of total shares[62]. - The company has elected three new independent directors, Liu Xiaosong, Meng Qingjun, and Xiao Jiajia, during the 2023 annual general meeting[38]. Risk Management - The company has outlined potential risks in the "Management Discussion and Analysis" section of the report[2]. - The report includes a forward-looking statement risk declaration, cautioning investors about investment risks[2]. - The company faces risks from fluctuations in raw material and shipping costs, which may lead to uncertainty in future operating performance[35]. Accounting Policies - The financial statements are prepared based on the going concern principle, indicating no significant doubts about the company's ability to continue operations[93]. - The company has implemented specific accounting policies for bad debt provisions, fixed asset depreciation, and revenue recognition[94]. - The company recognizes revenue based on the completion of performance obligations, either at a point in time or over time, depending on specific criteria met[140].