Investment Rating - The report maintains a "Buy" rating for the company, with an expected profit growth of 47.1% in 2024, 29.5% in 2025, and 9.3% in 2026, corresponding to P/E ratios of 18, 14, and 13 respectively [3][5]. Core Insights - The company reported a revenue of approximately 4.706 billion yuan for the first three quarters of 2024, representing a year-on-year increase of 14.79%. The net profit attributable to shareholders was 619 million yuan, up 50.2% year-on-year, with basic earnings per share of 1.31 yuan [1]. - The gross margin and net margin for the first three quarters of 2024 were 32.22% and 13.35%, respectively, showing increases of 3.67 percentage points and 3.24 percentage points year-on-year [2]. - The company achieved a quarterly revenue of 1.471 billion yuan in Q3 2024, a year-on-year increase of 4.4% but a quarter-on-quarter decrease of 8.38%. The net profit for the same quarter was 203 million yuan, up 42.97% year-on-year but down 11.39% quarter-on-quarter [2]. - The cumulative sales of the "Double Kings" product exceeded 800,000 units, indicating the success of the company's product strategy focused on high-demand items [3]. - The company announced a cash dividend of 3.00 yuan per 10 shares, totaling 139 million yuan, marking its first interim dividend since listing. Additionally, it repurchased shares worth 235 million yuan in the first half of 2024, reflecting management's confidence in long-term business development [3]. Financial Data Summary - For 2024E, the company is projected to achieve a revenue of 6.618 billion yuan, with a growth rate of 25% compared to 2023. The net profit attributable to shareholders is expected to be 792 million yuan, reflecting a growth rate of 47.14% [4]. - The company's earnings per share (EPS) for 2024E is estimated at 1.64 yuan, with a P/E ratio of 18.20 [4][9]. - The company’s total assets are projected to reach 9.328 billion yuan by 2024E, with a debt-to-asset ratio of 45.17% [9].

杰克科技股份有限公司 关于股份回购事项前十大股东和前十大无限售条件 股东持股情况的公告 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。 杰克科技股份有限公司（以下简称"公司"）于 2024 年 10 月 28 日召开第 六届董事会第十八次会议，审议通过了《关于 2024 年第二期以集中竞价交易方 式回购公司股份的议案》，同意公司使用自有资金以集中竞价交易方式回购公司 股份全部予以注销并减少公司注册资本，回购价格不超过人民币 37 元/股（含）， 回购资金总额不低于 5,000 万元（含）且不超过 10,000 万元（含），回购期限 为自股东大会审议通过回购股份方案之日起不超过 12 个月。具体内容详见公司 于 2024 年 10 月 29 日在《上海证券报》和上海证券交易所网站（www.sse.com.cn） 披露的《关于 2024 年第二期以集中竞价交易方式回购公司股份的公告》（公告 编号：2024-072）。 证券代码：603337 证券简称：杰克股份 公告编号：2024-076 根据《上市公司股份回购规则》《上海证券交易 ...

2024 年 11 月 住所：台州市椒江区三甲东海大道东段 1008 号 杰克科技股份有限公司 2024 年第二次临时股东大会会议资料 杰克科技股份有限公司 2024 年第二次临时股东大会 会议资料 目 录 | 2024 | 年第二次临时股东大会会议须知 - | 1 - | | --- | --- | --- | | 2024 | 年第二次临时股东大会议程 - | 2 - | | 议案 | 1：《关于 2024 年第二期以集中竞价交易方式回购公司股份的议案》 - | 4 - | 杰克科技股份有限公司 2024 年第二次临时股东大会会议资料 2024 年第二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 年第二次临时股东大会会议须知： 一、本次会议设立股东大会会务组，具体负责会议期间的组织及相关会务工作。 二、为保证本次大会的严肃性和正常秩序，切实维护股东的合法权益，务请出席 大会的股东或股东 ...

北京国枫律师事务所 关于杰克科技股份有限公司 差异化分红事项的专项核查意见 国枫律证字[2024]AN127-1 号 GRANDWAY 北京国枫律师事务所 Grandway Law Offices 北京市东城区建国门内大街 26 号新闻大厦 7 层 邮编: 100005 电话(Tel): 010—88004488/66090088 传真(Fax): 010—66090016 北京国枫律师事务所 关于杰克科技股份有限公司 差异化分红事项的专项核查意见 国枫律证字[2024] AN127-1 号 致:杰克科技股份有限公司 北京国枫律师事务所(以下简称"本所")受杰克科技股份有限公司(以下 简称"公司""上市公司"）委托,根据《中华人民共和国公司法》（以下简称 "《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）等 相关法律、法规、规章、规范性文件的有关规定,就公司 2024年半年度利润分 配所涉及的差异化分红(以下简称"本次差异化分红")相关事项进行了核查并 出具本专项核查意见。 为出具本专项核查意见,本所律师特作如下声明: 1. 本所律师已根据中国证券监督管理委员会(以下简称"中国证监会")颁 ...

证券代码：603337 证券简称：杰克股份 公告编号：2024-075 杰克科技股份有限公司 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 0.3 元 相关日期 | 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 | 2024/11/8 | － | 2024/11/11 | 2024/11/11 | 差异化分红送转： 是 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司 2024 年 10 月 10 日的 2024 年第一次临时股东大会审议通过。 1. 发放年度：2024 年半年度 2. 分派对象： 份数量后的股份总数为基数，向全体股东每股派发现金股利 0.30 元（含税），不送红股，不进 行资本公积金转增股本。在实施权益分派股权登记日前，因可转债转股、回购股份、股权激励 授予股份回购注销等致使公司总股本发生变动的，公 ...

证券代码：603337 证券简称：杰克股份 公告编号：2024-074 杰克科技股份有限公司 关于股份回购事项前十大股东和前十大无限售条件 股东持股情况的公告 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。 杰克科技股份有限公司（以下简称"公司"）于 2024 年 10 月 28 日召开第 六届董事会第十八次会议，审议通过了《关于 2024 年第二期以集中竞价交易方 式回购公司股份的议案》，同意公司使用自有资金以集中竞价交易方式回购公司 股份全部予以注销并减少公司注册资本，回购价格不超过人民币 37 元/股（含）， 回购资金总额不低于 5,000 万元（含）且不超过 10,000 万元（含），回购期限 为自股东大会审议通过回购股份方案之日起不超过 12 个月。具体内容详见公司 于 2024 年 10 月 29 日在《上海证券报》和上海证券交易所网站（www.sse.com.cn） 披露的《关于 2024 年第二期以集中竞价交易方式回购公司股份的公告》（公告 编号：2024-072）。 根据《上市公司股份回购规则》《上海证券交易 ...

Investment Rating - The report maintains a "Buy" rating for the company [1]. Core Views - The company reported strong Q3 performance driven by robust external demand, with revenue for the first three quarters reaching 4.71 billion yuan, a year-on-year increase of 14.8%, and net profit attributable to shareholders of 620 million yuan, up 50.2% [1]. - The company announced a share buyback plan of 50 to 100 million yuan, reflecting management's confidence in the company's long-term development [1]. - The company’s gross margin for the first three quarters was 32.2%, an increase of 3.7 percentage points year-on-year, attributed to product structure optimization and cost reductions [1]. Summary by Sections Financial Performance - In Q3 alone, the company achieved revenue of 1.47 billion yuan, a 4.4% year-on-year increase, and a net profit of 200 million yuan, up 43.0% [1]. - The gross margin for Q3 was 33.1%, a year-on-year increase of 4.3 percentage points, while the net margin was 14.2%, up 4.1 percentage points [1]. Market Conditions - The global macroeconomic recovery has positively impacted the sewing machinery industry, with a notable increase in demand from downstream sectors such as apparel and footwear [1]. - According to the China Sewing Machinery Association, the cumulative export value of sewing machinery products from January to July 2024 was 1.9 billion USD, a year-on-year increase of 11.5% [1]. Profit Forecast and Investment Suggestions - The company is expected to achieve net profits of 810 million yuan, 1.02 billion yuan, and 1.25 billion yuan for 2024, 2025, and 2026, respectively, with a compound annual growth rate of 32.5% [1][5]. - The report projects earnings per share (EPS) of 1.67 yuan, 2.12 yuan, and 2.60 yuan for the same years [1][5].

Investment Rating - The report maintains a "Buy" rating for the company, considering its leading position in the industry and the expected recovery in industry conditions [4]. Core Views - The company reported a revenue of 4.706 billion RMB for the first three quarters of 2024, representing a year-on-year growth of 14.79%, and a net profit attributable to shareholders of 619 million RMB, up 50.2% year-on-year [2]. - The slowdown in revenue growth in the third quarter was primarily due to weakened domestic demand, but a recovery is anticipated in the fourth quarter, supported by potential economic stimulus policies [3]. - The company has been optimizing its product structure with high-value-added products, leading to an increase in profitability, with a gross margin of 33.11% in Q3 2024, up 4.3 percentage points year-on-year [3]. - The company is optimistic about its overseas growth prospects, with export revenue of 1.454 billion RMB in the first half of 2024, a year-on-year increase of 0.89% [3]. Summary by Sections Performance Review - For Q4 2023, the company achieved a revenue of 1.471 billion RMB, a year-on-year increase of 4.4%, and a net profit of 203 million RMB, up 42.97% year-on-year [2]. Operational Analysis - The company is expected to see accelerated growth in exports in the second half of the year, as the industrial sewing machine export market has shifted from negative to positive growth [3]. - The introduction of new products, such as the "Guo Geng Wang," is anticipated to further enhance profitability as sales volume increases [3]. Profit Forecast and Valuation - The projected net profits for the company from 2024 to 2026 are 789 million RMB, 997 million RMB, and 1.219 billion RMB, respectively, with corresponding P/E ratios of 19X, 15X, and 12X [4].

2024 年 10 月 29 日 杰克股份(603337.SH) 公司快报 利润持续增长，推出回购彰显信心 事件：杰克股份披露 2024 年三季报 盈利能力同比提升，或为"海外需求向好+新品提升渗透"所致 推出回购计划，彰显长期信心 投资建议： 我们预测公司 2024-2026 年营业收入分别为 64.34/79.04/91.59 亿 元； 2024-2026 年净利润为 8.09/9.55/11.71 亿元；当前市值对应 PE 分别为 18/15/13 倍。杰克股份深耕服装制造设备近 30 年，是国 内领先的缝纫机制造商，公司产品质量持续提升，行业长期发展趋势 及公司竞争优势并未发生改变。随着 2024 下半年纺织业传统旺季回 归，板块景气度回升公司估值有望提振，6 个月目标价为 36.96 元， 对应 2024 年 22XPE。维持"买入-A"评级。 风险提示：纺织服装行业复苏进度不及预期，地缘政治因素影 响服装消费 公司 2024 年 Q3 实现营收 14.71 亿元，同比增长 4.40%；Q3 实现归母 净利润 2.03 亿元，同比增长 42.97%；Q3 实现扣非归母净利润 1.86 亿元，同比增长 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for the stock over the next 6-12 months with expected returns exceeding 15% compared to the benchmark index [2][6]. Core Insights - The company has demonstrated strong performance in Q3 2024, with revenue reaching 4.71 billion yuan, a year-on-year increase of 4.40%, and net profit attributable to shareholders of 203 million yuan, up 42.97% year-on-year, exceeding market expectations [3]. - The company has executed a second share buyback within the year, reflecting confidence in its long-term development and investment value [3]. - The report highlights the company's strategic focus on product structure upgrades and digital manufacturing capabilities, which have contributed to improved profitability and market share [3]. Financial Performance Summary - **Revenue Growth**: The company achieved a total revenue of 5.29 billion yuan in 2023, with projections of 6.15 billion yuan for 2024, representing a growth rate of 16% year-on-year [2]. - **Net Profit**: The net profit attributable to shareholders is forecasted to grow significantly from 538 million yuan in 2023 to 801 million yuan in 2024, marking a 49% increase [2]. - **Earnings Per Share (EPS)**: EPS is expected to rise from 1.11 yuan in 2023 to 1.66 yuan in 2024 [2]. - **Profitability Ratios**: The company's return on equity (ROE) is projected to increase from 12% in 2023 to 16% in 2024 [2]. Operational Efficiency - The company has improved its operational efficiency, with inventory turnover days decreasing to 63.89 days, down 33.52 days year-on-year, and accounts receivable turnover days reduced to 56.42 days, a decrease of 13.14 days [3]. - The gross profit margin for the first three quarters of 2024 was reported at 32.22%, an increase of 3.67 percentage points year-on-year, driven by product upgrades and reduced manufacturing costs [3]. Research and Development - R&D expenses for the first three quarters of 2024 amounted to 317 million yuan, reflecting a year-on-year increase of 15.81%, with a R&D expense ratio of 6.73% [3]. - The company holds a total of 2,691 valid patents, including 1,098 invention patents, indicating a strong commitment to innovation [3].