杰克科技股份有限公司 2024 年年度股东大会会议资料 杰克科技股份有限公司 2024 年年度股东大会会议资料 2025 年 5 月 1 杰克科技股份有限公司 2024 年年度股东大会会议资料 目 录 | 2024 年年度股东大会会议议程 3 | | | --- | --- | | 2024 年年度股东大会会议须知 5 | | | 议案一：公司 2024 年度董事会工作报告 | 7 | | 议案二：公司 2024 年度监事会工作报告 | 14 | | 议案三：公司 2024 年度财务决算报告 | 17 | | 议案四：关于公司 2024 年年度报告及其摘要的议案 | 21 | | 议案五：关于公司 2024 年度利润分配预案 | 22 | | 议案六：关于续聘立信会计师事务所（特殊普通合伙）为公司 2025 | 年度审计机 | | 构的议案》 | 24 | | 议案七：关于公司 2024 年度董事、监事和高级管理人员薪酬考核的议案 | ... 28 | | 议案八：关于与银行开展供应链融资业务合作暨对外担保的议案 | 30 | | 议案九：关于公司及控股子公司开展外汇衍生品业务的议案 | 32 | | 议案十 ...

证券代码：603337 证券简称：杰克股份 公告编号：2025-034 杰克科技股份有限公司 关于股东大会开设网络投票提示服务的公告 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董事会 2025 年 4 月 26 日 杰克科技股份有限公司（以下简称"公司"）拟于 2025 年 5 月 6 日 14:30 召开 2024 年年度股东大会，本次会议采用现场投票和网络投票相结合的表决方 式。具体内容请见《关于召开 2024 年年度股东大会的通知》（公告编号：2025-031） 为更好地服务广大中小投资者，确保有投票意愿的中小投资者能够及时参会 和投票，公司拟使用上证所信息网络有限公司（以下简称上证信息）提供的股东 大会提醒服务，委托上证信息通过发送智能短信等形式，根据股权登记日的股东 名册主动提醒股东参会投票，向每一位投资者主动推送股东大会参会邀请、议案 情况等信息。投资者在收到智能短信后，可根据《上市公司股东会网络投票一键 通服务用户使用手册》（下载链接：https://vote.sseinfo.com/i ...

证券代码：603337 证券简称：杰克股份 公告编号：2025-033 杰克科技股份有限公司 关于回购股份比例达到 1%暨回购进展公告 二、回购股份的进展情况 根据《上市公司股份回购规则》及《上海证券交易所上市公司自律监管指引 第 7 号——回购股份》的相关规定，公司回购股份占上市公司总股本的比例每增 加 1%的，应当在事实发生之日起 3 日内予以公告。现将公司回购股份的进展情况 公告如下： 截至 2025 年 4 月 24 日，公司通过集中竞价交易方式已累计回购股份 4,872,678 股，占公司总股本的比例为 1.0157%，与上次披露数相比增加 0.7886%， 购买的最高价为 31.94 元/股，最低价为 24.60 元/股，已支付的总金额为 131,061,568.56 元（不含交易费用）。上述回购符合相关法律法规的规定及公司既 定的回购股份方案。 三、其他事项 公司将严格按照《上市公司股份回购规则》《上海证券交易所上市公司自律监 管指引第 7 号——回购股份》等相关规定，在回购期限内根据市场情况择机做出 回购决策并予以实施，同时根据回购股份事项进展情况及时履行信息披露义务， 敬请广大投资者注意投资 ...

Investment Rating - The investment rating for the company is "Accumulate" [1] Core Views - The company reported a revenue of 6.094 billion yuan for 2024, representing a year-on-year increase of 15% [3] - The company is focusing on AI+ technology, aiming to lead the next iteration of sewing intelligence [5] - The net profit for 2024 reached 812 million yuan, a significant increase of 51% year-on-year [4] Revenue Summary - The revenue breakdown for 2024 includes: - Industrial sewing machines: 5.264 billion yuan, up 15% year-on-year - Cutting and spreading machines: 626 million yuan, up 14% year-on-year - Intelligent automatic sewing equipment for shirts and jeans: 182 million yuan, up 25% year-on-year - Domestic revenue was 3.128 billion yuan, up 29% year-on-year, while international revenue was 2.944 billion yuan, up 3% year-on-year [3] Profit Summary - The gross profit margin for 2024 was 32.76%, an increase of 4.34 percentage points year-on-year, with Q4 gross profit margin reaching a historical high of 34.61% [4] - The company’s net profit margin improved to 13.57%, up 3.37 percentage points year-on-year [4] Future Outlook - Revenue forecasts for 2025 and 2026 have been adjusted to 6.903 billion yuan and 7.906 billion yuan, respectively, with expected growth rates of 13% and 15% [6] - The company anticipates a net profit of 1.031 billion yuan in 2025, reflecting a year-on-year growth of 27% [7]

Core Viewpoint - Jack Co., Ltd. achieved record high operating performance in 2024, with significant growth in revenue and net profit driven by its global strategy and overseas market expansion [1][3]. Financial Performance - In 2024, the company reported operating revenue of 6.094 billion yuan, a year-on-year increase of 15.11% [1][3]. - The net profit attributable to shareholders reached 812 million yuan, up 50.86% year-on-year [1][3]. - The net profit after deducting non-recurring gains and losses was 758 million yuan, reflecting a growth of 61.67% [3][4]. - Basic earnings per share were 1.76 yuan, an increase of 55.75%, while diluted earnings per share were 1.75 yuan, up 54.87% [7]. Overseas Market Growth - The overseas market revenue for Jack Co., Ltd. was 2.944 billion yuan, representing a growth of 3.3% and accounting for 48.3% of total revenue [1][4]. - The gross margin for overseas products improved to 37.27%, an increase of 3.88 percentage points year-on-year [4]. Product Performance - Key products such as smart industrial sewing machines, smart cutting beds, and automatic sewing equipment for shirts and jeans generated revenues of 5.264 billion yuan, 626 million yuan, and 182 million yuan, respectively, with year-on-year growth rates of 14.69%, 14.36%, and 25.12% [4]. - The gross margins for these products were 31.28%, 42.39%, and 36.19%, with respective changes of +4.69, +2.36, and -1.46 percentage points [4]. R&D and Innovation - The company employed 1,289 R&D personnel, making up 18% of the total workforce, and established 14 R&D centers globally [6]. - R&D expenses for 2024 were 488 million yuan, a 23.67% increase, representing 8.01% of total revenue [6]. - The company applied for 445 patents during the reporting period, with a total of 2,705 valid patents by the end of 2024 [6]. Shareholder Returns - Jack Co., Ltd. announced a total cash dividend of 370 million yuan for 2024, which is approximately 45.5% of the net profit [7]. - The company initiated a 1 billion yuan share repurchase plan in 2024 to enhance earnings per share and optimize capital structure [7].

Investment Rating - The report maintains a "Buy" rating for the company, expecting a relative increase of over 15% in stock price compared to the benchmark index within the next 6 to 12 months [15]. Core Views - The company is positioned to benefit significantly from the cyclical upturn in the sewing industry, with a projected revenue growth of 15% in 2024 and a substantial increase in net profit by 51% [4][9]. - The company has successfully implemented a "focus on explosive products" strategy, enhancing its market share and brand competitiveness through technological advancements and strategic partnerships [6][10]. - The global sewing equipment market is experiencing a recovery, with notable growth in both domestic and international demand, particularly in emerging markets [8][9]. Summary by Sections Financial Performance - In 2024, the company achieved a revenue of 60.94 billion yuan, a year-on-year increase of 15.11%, and a net profit of 8.12 billion yuan, up 50.86% [4]. - The fourth quarter of 2024 saw a revenue of 13.87 billion yuan, reflecting a 16.21% year-on-year growth, with net profit reaching 1.93 billion yuan, a 53.03% increase [4]. Growth Drivers - The company’s industrial sewing machine sales reached 2.1211 million units in 2024, marking an 8.10% increase, with revenue from this segment at 5.264 billion yuan, up 14.69% [10]. - The company has signed contracts with 10 world-class benchmark clients, further promoting its high-end market expansion [6]. Profitability Metrics - The gross margin for 2024 was 32.76%, an increase of 4.34 percentage points year-on-year, while the net margin improved to 13.57%, up 3.37 percentage points [6]. - The company’s R&D expenses were 488 million yuan in 2024, a 23.67% increase, reflecting its commitment to innovation and product development [7]. Market Outlook - The global sewing machinery export value reached 3.424 billion USD in 2024, a year-on-year increase of 18.39%, indicating a recovery to near 2022 levels [8]. - The domestic market for industrial sewing equipment is estimated to have grown by 27% in 2024, with a total sales volume of approximately 2.35 million units [8].

Investment Rating - The investment rating for the company is "Buy" with a target price of 38.40 RMB [7][8]. Core Views - The company achieved a revenue of 6.09 billion RMB in 2024, a year-on-year increase of 15%, and a net profit attributable to the parent company of 810 million RMB, up 51% year-on-year, aligning with previous performance forecasts [1][5]. - The company is expected to benefit from the release of high-end AI products and an increase in market share, particularly with the upcoming launch of a high-end AI sewing machine [1][4]. Summary by Sections Financial Performance - In Q4 2024, the company reported a revenue of 1.387 billion RMB, a 16% increase year-on-year, and a net profit of 193 million RMB, up 53% year-on-year [1]. - The gross margin for 2024 was 32.76%, and the net margin was 13.57%, reflecting improvements of 4.34 and 3.37 percentage points year-on-year, respectively [3]. Product Segmentation - Revenue growth for different product segments in 2024 included a 15% increase in sewing machines, a 14% increase in cutting tables, and a 25% increase in automated sewing units [2]. - Domestic revenue reached 3.128 billion RMB, a 28.6% increase, slightly above the industry growth rate of 27% [2]. Cost Management - The company streamlined its product line to 1,400 SKUs, enhancing resource allocation efficiency [3]. - The increase in sales, management, and R&D expense ratios was primarily due to stock option expenses, while financial expenses decreased due to loan repayments [3]. Future Outlook - The company is set to release a high-end AI sewing machine in the second half of 2024, which is expected to create a new category in the sewing machine industry and improve production efficiency [4]. - The company maintains a profit forecast of 1.16 billion RMB for 2025 and 1.28 billion RMB for 2026, with corresponding PE ratios of 12 and 11 [5][6].

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 38.40 RMB [7][8]. Core Insights - The company achieved a revenue of 6.09 billion RMB in 2024, a year-on-year increase of 15%, and a net profit attributable to shareholders of 810 million RMB, up 51% year-on-year, aligning with previous performance forecasts [1][2]. - The company is expected to benefit from the release of high-end AI products and an increase in market share, particularly with the upcoming launch of a high-end AI sewing machine [1][4]. - The company’s gross margin improved to 32.76% and net margin to 13.57% in 2024, reflecting a year-on-year increase of 4.34 and 3.37 percentage points respectively [3]. Summary by Sections Financial Performance - In Q4 2024, the company reported a revenue of 1.387 billion RMB, a 16% increase year-on-year, and a net profit of 193 million RMB, up 53% year-on-year [1]. - The company’s domestic revenue reached 3.128 billion RMB, growing 28.6% year-on-year, while overseas revenue was 2.944 billion RMB, a 3.3% increase year-on-year [2]. Product Development - The company has made significant progress in developing high-end products, including a prototype for a high-end AI sewing machine and a humanoid robot [4]. - The company plans to launch the high-end AI sewing machine in the second half of the year, which is expected to create a new category in the sewing machine industry [4]. Profitability and Cost Management - The company’s sales, management, and R&D expense ratios increased due to stock option expenses, while the financial expense ratio decreased due to reduced interest payments from loan repayments [3]. - The company’s product line has been streamlined to 1,400 SKUs, enhancing resource allocation efficiency [3]. Earnings Forecast - The forecast for net profit attributable to shareholders is 1.16 billion RMB for 2025, 1.28 billion RMB for 2026, and 1.38 billion RMB for 2027, with corresponding PE ratios of 12, 11, and 10 times [5][6].

Core Viewpoint - The company reported strong financial performance for 2024, with significant growth in both revenue and net profit, indicating a recovery in the industrial sewing machine industry and the company's effective strategies in product development and market expansion [1][2][5]. Financial Performance - In 2024, the company achieved operating revenue of 6.094 billion yuan, a year-on-year increase of 15.11%, and a net profit attributable to shareholders of 812 million yuan, up 50.86% [1][2]. - The fourth quarter of 2024 saw operating revenue of 1.387 billion yuan, growing 16.21% year-on-year, and a net profit of 193 million yuan, reflecting a 53.03% increase [1][2]. Growth Analysis - The revenue growth is attributed to the recovery of the industrial sewing machine industry, with the company benefiting as a market leader [2]. - The company successfully signed contracts with 10 world-class benchmark clients and focused on high-end market expansion through innovative products [2][5]. Profitability Analysis - The gross margin for 2024 was 32.76%, an increase of 4.34 percentage points, while the net margin rose to 13.57%, up 3.37 percentage points [2]. - The company managed to balance rising expenses with improved profitability, despite facing challenges in cost control [2]. Operational Efficiency - The company demonstrated improved operational efficiency, with inventory turnover days decreasing by 25.08 days to 79.39 days, and accounts receivable turnover days down by 9.51 days to 50.47 days [3]. - The net cash flow from operating activities was 1.129 billion yuan, a decline of 23.05% year-on-year [3]. R&D Investment - R&D expenses reached 488 million yuan, a 23.67% increase, with an R&D expense ratio of 8.01% [3]. - The company holds 2,705 valid patents, including 1,125 invention patents, indicating a strong focus on innovation [3]. Industry Overview - The sewing industry experienced moderate growth in 2024, driven by recovering global demand and increased exports, with a total export value of 3.424 billion USD, up 18.39% [4]. - Domestic sales of industrial sewing equipment rose by 27%, with an estimated total of 2.35 million units sold [4]. Product Performance - The company sold 2.1211 million industrial sewing machines in 2024, achieving revenue of 5.264 billion yuan, with a gross margin of 31.28% [5]. - Revenue from cutting and spreading machines was 626 million yuan, up 14.36%, while automatic sewing equipment for shirts and jeans generated 182 million yuan, a 25.12% increase [6]. Strategic Development - The company is focusing on high-end products integrating AI and robotics, with plans to launch humanoid robots by the second half of 2026 [6].

| 关于本报告 | 01 | | --- | --- | | 董事长致辞 | 03 | | 走进杰克股份 | 05 | | 公司概况 | 05 | | 发展历程 | 07 | | 大事记 | 09 | | 企业文化 | 13 | | 荣誉奖项 | 14 | | ESG治理 | 15 | | ESG理念与管理架构 | 16 | | ESG相关荣誉 | 17 | | 实质性议题分析 | 19 | | 利益相关方识别与沟通 | 20 | | SDGs贡献 | 21 | | 专题: | | | 推进爆品战略 | | | 激活服装智造新质生产力 | 23 | | 附录 | | | 关键绩效 | 137 | | 指标索引 | 142 | | 匠心铸就品质 技术创新赋能社会 | | | --- | --- | | 研发创新驱动 | 29 | | 保障产品质量 | 36 | | 数字化战略 | 41 | | 智联服务全球 助力服装智造升级 | | | --- | --- | | 卓越客户服务 | 49 | | 供应链管理 | 56 | | 助力行业发展 | 62 | | 规范公司治理 筑牢企业发展根基 | | | --- | ...