| 证券代码：603355 | 证券简称：莱克电气 公告编号：2024-026 | | --- | --- | | 债券代码：113659 | 债券简称：莱克转债 | 莱克电气股份有限公司 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 1、 议案名称：公司 2023 年度董事会工作报告 审议结果：通过 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 12 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 468,577,483 | | 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 | 81.6676 | | 份总数的比例（%） | | (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。 (一) 股东大会召开的时间：2024 年 5 月 27 日 (二) 股东大会召开的地点：苏州高新区向阳路 2 号莱克电气股份有限公司会 议室 (三) 出席会议的普通股股东和恢复表决 ...

电话：021-20511000 传真：021-20511999 上海市锦天城律师事务所 关于莱克电气股份有限公司 2023 年年度股东大会的 法律意见书 上海市锦天城律师事务所 地址：上海市浦东新区银城中路 501 号上海中心大厦 9／11／12 层 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于莱克电气股份有限公司 2023年年度股东大会的法律意见书 致：莱克电气股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受莱克电气股份有限公司 （以下简称"贵司"）委托，就贵司召开 2023 年年度股东大会的有关事宜，根据 《中华人民共和国公司法》（以下简称"《公司法》"）、《上市公司股东大会规则 （2022 年修订）》（证监会公告[2022]13 号文）等法律、法规和其他规范性文件 以及《莱克电气股份有限公司章程》（以下简称"《公司章程》"）的有关规定，就 贵司本次股东大会的召集与召开程序、出席会议人员资格、会议表决程序和表决 结果等有关法律问题出具本法律意见书。 为出具本法律意见书，本所律师对本次股东大会所涉及的相关事项进行了必 要的核查和验证，审查了本所律师认为出具 ...

您好,欢迎参加声望宏远家电带来的莱克电气年报一七报一及交流电网会议目前服从者均处境状态下面开始播放您的声明声明播放完毕后主持人可开始发言谢谢 请参会人员务必注意本次电话会议交流内容仅限参会人员内部参考任何机构或个人不得以任何形式对电话会议任何内容进行泄露或外发请勿以任何方式索要泄露散布转发电话会议纪要任何泄露电话会议纪要等信息的行为均为侵权行为申望洪源研究保留追究泄露转发者法律责任的权利 好 各位投资者大家下午好我是诗万家电的分析师陈凯文然后欢迎大家参加我们这个莱克电器的23年年报以及20年一季报的业绩交流会议我们也是非常有幸请到了董秘徐总来跟我们进行这样的一个交流因为其实大家也关注到像莱克无论是最近的走势非常的强劲在一季报的时候其实也是有非常亮眼的这样一个表现的 在这个营收和利润端都是一个大幅的这样一个增长的一个状态然后规模净利润更是36%的一个增长然后像一个主业像ODME然后电机等等业务其实都是双位数增长的这样一个态势其实我们发现到公司在印度是有一个比较明显这样的一个经营改善的我们也想先请徐总来跟我们分享一下23年度以及24年印度的一个经营情况徐总好 谢谢凯文各位投资者好 我们可能先简单跟大家简要回顾一下 ...

Investment Rating - The investment rating for the company is "Buy" [50]. Core Insights - The company achieved a revenue of 8.79 billion yuan in 2023, a decrease of 11.5% year-on-year, while the net profit attributable to shareholders was 1.12 billion yuan, an increase of 8.4% [67]. - The company has seen a significant recovery in its OEM business and high growth in its component business, with expectations for improved profitability in 2024-2026 [3][63]. - The gross margin for 2023 was 25.6%, an increase of 2.6 percentage points, driven by the optimization of the OEM business structure and contributions from the component business [36][63]. Financial Performance Summary - In Q4 2023, the company reported a revenue of 3.01 billion yuan, down 6.0% year-on-year, and a net profit of 320 million yuan, up 53.5% [3][8]. - For Q1 2024, the company achieved a revenue of 2.31 billion yuan, an increase of 11.7%, and a net profit of 270 million yuan, up 36.0% [3][8]. - The company’s gross margin for Q1 2024 was 25.9%, reflecting a recovery from Q4 2023 [58]. Business Segment Performance - In 2023, the company's revenue from home appliances and component businesses was 5.14 billion yuan and 3.47 billion yuan, respectively, with year-on-year declines of 16.0% and 3.5% [63]. - The company has successfully expanded its cross-border e-commerce business, achieving nearly 30% revenue growth in Q1 2024 [19][63]. - The automotive component business saw a 50% increase in sales year-on-year, indicating strong demand and growth potential [63]. Profitability Metrics - The net profit margin for 2023 was 12.7%, an increase of 1.7 percentage points compared to the previous year [21][63]. - The company’s operating cash flow for Q1 2024 was 330 million yuan, a significant increase of 119.3% [15]. - The company’s return on equity (ROE) for 2023 was 25.5% [52]. Future Earnings Forecast - The forecasted net profit for 2024-2026 is 1.27 billion yuan, 1.45 billion yuan, and 1.63 billion yuan, respectively, with corresponding EPS of 2.20 yuan, 2.52 yuan, and 2.84 yuan [3][52]. - The price-to-earnings (P/E) ratios for 2024-2026 are projected to be 12.7, 11.1, and 9.9 times, respectively [3][52].

Investment Rating - The investment rating for the company is "Hold" [1] Core Views - The company's revenue decreased by 11.5% year-on-year in 2023, totaling 8.79 billion yuan, while the net profit attributable to shareholders increased by 8.4% to 1.12 billion yuan [1][12] - In Q1 2024, the company achieved a revenue of 2.31 billion yuan, representing a year-on-year growth of 11.7%, and a net profit of 270 million yuan, up 36% year-on-year [1][12] - The company is focusing on optimizing its business structure, which has led to a decline in revenue but an improvement in profit margins [2][11] Summary by Sections Financial Performance - In 2023, the company reported a revenue of 8.79 billion yuan, down 11.5% year-on-year, with a net profit of 1.12 billion yuan, up 8.4% [1][12] - Q4 2023 revenue was 3.01 billion yuan, down 6% year-on-year, while net profit increased by 53.5% to 320 million yuan [1] - For Q1 2024, revenue was 2.31 billion yuan, up 11.7% year-on-year, with net profit also increasing by 36% [1][12] Business Structure and Revenue Sources - The decline in revenue is attributed to reduced demand in Europe and the US, along with the company's decision to abandon lower-margin businesses [2] - The company sold 13.46 million units of cleaning and health appliances, down 7.4% year-on-year, while sales of gardening tools and components increased by 2.5% to 132.76 million units [2] - Revenue from exports was 5.83 billion yuan, down 6.5%, while domestic sales fell by 20.2% to 2.78 billion yuan [2] Profitability and Margin Improvement - The gross margin for 2023 improved by 2.6 percentage points to 25.6%, with cleaning and health appliances achieving a gross margin of 26.4% [11] - The company expects gross margins for cleaning and health appliances to improve to 26% in 2024 and further in subsequent years [7] - The net profit margin for 2023 increased by 1.7 percentage points to 12.7%, indicating enhanced profitability [11] Future Outlook - The company anticipates revenue growth of 15.8% in 2024, reaching approximately 10.18 billion yuan, with net profit projected to grow by 10.85% to 1.24 billion yuan [13] - EPS is expected to be 2.16 yuan in 2024, increasing to 3.02 yuan by 2026 [12][16]

华泰联合证券有限责任公司 关于莱克电气股份有限公司 向不特定对象发行可转换公司债券 之保荐总结报告书 | 保荐机构名称 华泰联合证券有限责任公司 | | --- | | 保荐机构编号 Z26774000 | 一、保荐机构及保荐代表人承诺 1、保荐总结报告书和证明文件及其相关资料的内容不存在虚假记载、误导 性陈述或重大遗漏，保荐机构及保荐代表人对其真实性、准确性、完整性承担法 律责任。 2、本机构及本人自愿接受中国证券监督管理委员会（以下简称"中国证监 会"）、上海证券交易所对保荐总结报告书相关事项进行的任何质询和调查。 保荐总结报告书 3、本机构及本人自愿接受中国证监会按照《证券发行上市保荐业务管理办 法》的有关规定采取的监管措施。 二、保荐机构基本情况 | 情况 | 内容 | | --- | --- | | 保荐机构名称 | 华泰联合证券有限责任公司 | | 注册地址 | 深圳市前海深港合作区南山街道桂湾五路 128 号前海深港基金小 | | | 镇 B7 栋 401 | | 主要办公地址 | 北京市西城区丰盛胡同 22 号丰铭国际大厦 A 座 6 层 | | 法定代表人 | 江禹 | | 联系人 | 赵金 ...

上 市 公 司 证 券 研 究 报 告 家用电器 公 司 研 究 / 公 司 点 评 | --- | --- | |-----------------------------|-------------------------------| | | | | 市场数据： | 2024 年 04 月 30 日 | | 收盘价（元） | 26.39 | | 一年内最高/ 最低（元） | 29.49/16.21 | | 市净率 | 3.3 | | 息率（分红/ 股价） | | | 流通 A 股市值（百万元） | 15013 | | 上证指数/深证成指 | 3104.83/9587.13 | | --- | --- | |---------------------------------|-------------------------------| | | | | 基础数据 : | 2024 年 03 月 31 日 | | | | | 每股净资产（元） | 8.08 | | 资产负债率 % | 66.15 | | 总股本/ 流通 A 股（百万） | 574/569 | | 流通 B 股 /H 股（百万） | -/- ...

公司报告 | 年报点评报告 事件：公司 2023 年全年实现营业收入 87.92 亿元，同比-11.52%，归母净 利润 11.17 亿元，同比+8.42%。公司 2024 年 Q1 全年实现营业收入 23.13 亿元，同比+11.68%，归母净利润 2.72 亿元，同比+36%。（公司并表后的修 改口径） 24Q1 营收利润双增长，经营质量再提升。分板块看，出口代工业务在低基 数下同比有所修复，核心零部件业务保持较快增长，自有品牌业务增速承 压。分业务看，出口代工业务收入同比增长约 20%，精密零部件业务收入 同比增长约 25%，电机（含汽车电机）业务收入同比+30%，跨境电商业务 收入同比增长近 30%。 投资建议：公司三大业务持续发展，外销有所修复，汽零业务收入呈快速 增长，自有品牌中碧云泉及跨境电商表现较好，前景可期。根据公司年报 和一季报的情况，我们适当上调了收入增速，预计 24-26 年归母净利润分 别为 12.4/14.1/16 亿元（24-25 年前值 10.9/11.6 亿元），对应 PE 分别为 12.2x/10.8x/9.4x，维持"买入"评级。 请务必阅读正文之后的信息披露和免责申明 ...

23 年公司收入增速承压，主要由于受全球经济，欧美需求紧缩等影响， ODM/OEM 业务收入下降，同时公司持续优化业务结构，23 年战略决策主 动放弃盈利水平较低的业务，尤其是 23 年主动放弃了 22 年度销售数亿元 盈利水平较低的 ODM 业务所致。分业务看，23A 清洁健康家电与园艺工具 /电机、新能源汽车零部件及其他零部件业务收入同比-16.02%/-3.48%。分 内外销看，23A 海外/国内收入同比-6.44%/-20.21%。分板块看，自有品牌 中碧云泉净水机继续保持销售利润双位数增长，稳居品类头部。核心零部 件中汽车电机销售同比 50%+。 公司 2023 年销售、管理、研发、财务费用率分别为 5.88%、2.89%、5.32%、 -3%，同比+1.32、-0.07、+0.06、+0.29pct。公司 2024 年 Q1 销售、管理、 研发、财务费用率分别为 4.99%、3.33%、4.36%、-2.34%，同比-0.84、+0.57、 -1.26、-2.94pct。销售费用率同比提升，主要由于公司自主品牌业务营销费 用投入增加所致；财务费用率波动主要由于汇兑收益减少，利息支出增加 所致。 请 ...

Financial Performance - The company's total assets increased by 9.29% to RMB 13,729,405,952.05 compared to the previous year[15] - Net profit attributable to shareholders, excluding non-recurring gains and losses, rose by 57.12% to RMB 265,905,311.64[15] - Operating cash flow surged by 58.45% to RMB 330,064,351.09[15] - Basic earnings per share increased by 34.29% to RMB 0.47[15] - Revenue for the reporting period reached 2.313 billion yuan, an increase of 11.68% year-over-year[21] - Net profit attributable to the company's shareholders was 271.96 million yuan, up 36% year-over-year[21] - Adjusted net profit attributable to shareholders increased by 36% compared to the same period last year[29] - Adjusted operating income for the reporting period was 2.070 billion yuan, up 11.68% year-over-year[29] - Basic and diluted earnings per share both increased by 34.29% year-over-year[34] - Basic earnings per share increased to 0.47 yuan per share from 0.35 yuan per share[43] - Diluted earnings per share increased to 0.47 yuan per share from 0.35 yuan per share[43] - Total operating revenue for Q1 2024 reached 2,312,530,133.42 yuan, a year-on-year increase of 11.7% compared to 2,070,623,325.84 yuan in Q1 2023[52] - Net cash flow from operating activities increased by 58.5% to 330,064,351.09 yuan in Q1 2024 compared to 208,303,530.45 yuan in Q1 2023[56] Cash Flow and Liquidity - The company's monetary funds grew by 14.88% to RMB 6,763,132,648.15[4] - Net cash flow from operating activities increased by 58.45% year-over-year, mainly due to the release of frozen funds[34] - Net cash flow from investment activities was -247,548,023.43 yuan, compared to 413,384,003.07 yuan in the previous period[44] - Net cash flow from financing activities increased to 940,897,178.88 yuan from 355,989,838.79 yuan[44] - Total cash and cash equivalents at the end of the period reached 6,760,644,602.39 yuan, up from 5,460,866,355.93 yuan[44] - Tax refunds received increased by 27.1% to 114,404,108.36 yuan in Q1 2024 from 90,047,603.69 yuan in Q1 2023[56] - Cash paid for goods and services increased by 4.5% to 1,474,061,512.31 yuan in Q1 2024 compared to 1,410,331,750.16 yuan in Q1 2023[56] - Employee compensation and benefits paid increased by 4.6% to 384,377,534.00 yuan in Q1 2024 from 367,439,621.75 yuan in Q1 2023[56] Business Segments and Revenue Growth - The company's strategy for 2024 focuses on innovation-driven high-quality development, with three major business segments: self-owned brands, ODM/OEM, and new energy & automotive components[9] - ODM/OEM export business revenue increased by approximately 20% year-over-year[21] - Aluminum alloy precision parts business revenue grew by about 25% year-over-year[21] - Motor (including automotive motors) business revenue rose by nearly 30% year-over-year[21] - Cross-border e-commerce business revenue increased by approximately 30% year-over-year[21] - Sales revenue from goods and services in Q1 2024 was 2,113,252,833.49 yuan, slightly lower than 2,115,035,504.34 yuan in Q1 2023[56] Balance Sheet and Liabilities - The company's equity attributable to shareholders increased by 5.93% to RMB 4,633,786,133.38[15] - The company's weighted average return on equity (ROE) improved by 1.41 percentage points to 6.03%[15] - Accounts receivable increased to 2,088,110,022.55 yuan from 1,945,178,537.85 yuan[49] - Total assets increased to 13,729,405,952.05 yuan from 12,562,360,441.64 yuan[49] - Short-term borrowings rose to 4,246,774,340.94 yuan from 2,908,366,544.92 yuan[50] - Total liabilities increased to 9,081,635,097.88 yuan from 8,174,273,061.07 yuan[50] Costs and Expenses - Operating costs for Q1 2024 were 1,712,974,756.52 yuan, up 14% from 1,502,627,614.77 yuan in Q1 2023[52] - R&D expenses decreased to 100,803,159.77 yuan in Q1 2024, down 13.3% from 116,278,372.14 yuan in Q1 2023[52] Non-Recurring Items - The company's non-recurring gains and losses included government subsidies of RMB 6,879,620.19[16]