每股分配比例 A 股每股现金红利 0.44 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 | 2024/5/16 | － | 2024/5/17 | 2024/5/17 | 证券代码：603408 证券简称：建霖家居 公告编号：2024-026 厦门建霖健康家居股份有限公司 2023 年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： 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 4 月 19 日的 2023 年年度股东大会审议通过。 二、 分配方案 1. 发放年度：2023 年年度 2. 分派对象： 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。 3. 差异化分红送转方案： （1）差异化分红送转方案 本次利润分配以 ...

证券研究报告|公司动态点评 2024 年 05 月 06 日 Q1 业绩延续高增，出口景气度持续修复 事件：公司披露 2024 年一季度报，实现营业收入 11.53 亿元，同比增长 42.68%；归母净利润为 1.23 亿元，同比增长 170.35%；扣非净利润为 1.13 亿元，同比增长 324.71%。对此点评如下： 回购股份拟用于股权激励，展现对未来发展前景的信心。2024 年 2 月 6 日， 公司发布回购报告书暨推动公司"提质增效重回报"方案，拟回购资金不超 过人民币 4000 万元且不低于人民币 2000 万元用于实施股权激励计划，回购 价格不超过人民币 18.97 元/股；回购资金来源为公司自有资金。截至 2024 年 3 月 31 日，公司已累计回购股份 100.12 万股，占公司总股本的比例为 0.22%。此次回购展现公司对长期发展的信心、有利于进一步建立健全公司 长效激励机制。 风险提示：宏观经济政策变化；主要原材料价格波动风险；行业竞争加剧； 市场需求低于预计风险；房地产调控风险；募投项目投产风险；汇率及出口 政策变动风险。 作者 邮箱：huajiangyue@cgws.com 执业证书 ...

证券代码：603408 证券简称：建霖家居 公告编号：2024-025 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。 一、回购的基本情况 厦门建霖健康家居股份有限公司（以下简称"公司"）于 2024 年 2 月 6 日召开了第三届董事会第四次会议、第三届监事会第三 次会议，审议通过了《关于以集中竞价交易方式回购股份方案的 议案》。公司拟使用总额不超过人民币 4,000 万元且不低于人民 币 2,000 万元的自有资金回购公司股份，回购期限自公司董事会 审议通过回购方案之日起不超过 6 个月，具体内容详见公司 2024 年 2 月 7 日于上海证券交易所网站（www.sse.com.cn）及指定媒 体披露的《厦门建霖健康家居股份有限公司关于以集中竞价交易 方式回购股份的回购报告书暨推动公司"提质增效重回报"方案》 （公告编号：2024-002）。 二、回购的进展情况 根据《上海证券交易所上市公司自律监管指引第 7 号——回 购股份》等相关法律法规规定，现将公司截至上月末的回购股份 进展情况公告如下： 厦门建霖健康家居股份有限 ...

Investment Rating - The investment rating for the company is "Buy" with a target price set for the next six months [1][6][14]. Core Views - The company reported a strong start in Q1 2024, with revenue reaching 1.2 billion yuan, a year-on-year increase of 43%, and a net profit of 120 million yuan, up 170% year-on-year. The gross margin improved by 4 percentage points to 27%, and the net margin increased by 5 percentage points to 11% [1]. - The company has successfully navigated the inventory destocking phase experienced by overseas clients in Q1 2023, leading to significant revenue growth in Q1 2024, particularly in kitchen and bathroom products [1][2]. - The company has diversified its product offerings across multiple categories, enhancing its competitive edge and risk resilience. It focuses on innovation and customer satisfaction, providing comprehensive solutions across various segments [7]. Financial Performance - For 2024, the company expects revenues of 5.06 billion yuan, with a growth rate of 16.72%. The net profit attributable to the parent company is projected to be 503.41 million yuan, reflecting an 18.50% increase [11][19]. - The earnings per share (EPS) for 2024 is estimated at 1.12 yuan, with a price-to-earnings (P/E) ratio of 14.24 [11][19]. - The company’s financial metrics indicate a stable growth trajectory, with EBITDA expected to reach 767.11 million yuan in 2024 [11][19]. Market Expansion - The company has established a solid presence in the North American market, covering major brand clients and is actively expanding into new customers in Europe and the U.S. [2]. - New product lines, including water purification products, are entering production stages, contributing to future growth potential [2]. Digital Transformation - The company is advancing its digital transformation initiatives, which are seen as key to reducing costs and enhancing efficiency. This includes optimizing digital processes and innovating in smart manufacturing [7].

Group 1: Financial Performance - The company's revenue in Q1 2024 increased by 43% year-on-year, primarily driven by significant growth in hardware products [2] - The recovery in the overseas market, which had been in a destocking phase last year, contributed to the notable revenue increase in Q1 2024 [2] - The company has achieved new progress in expanding its customer base in the North American and European markets, including partnerships with well-known local brands and retailers [2] Group 2: Product Differentiation - The company has over five years of experience in the leading hardware product segment, focusing on team capability building, technical accumulation, and product reserves [2] - Key differentiators in the leading products include the integration of plastic and hardware technologies, as well as the accumulation of electric control sensing technology [2] Group 3: Raw Material Procurement Strategy - The company adopts a strategic procurement approach based on order requirements, locking prices with suppliers according to expected price fluctuations [3] - A framework agreement with customers stipulates shared responsibilities when raw material or exchange rate price fluctuations exceed agreed limits [3] Group 4: Capacity Expansion - The second phase of the factory in Thailand was completed in February 2024, with ongoing construction of various production lines, including those for dental products, water purification products, and faucet products [4] - The full production line is expected to be operational by early next year, with logistics and digital systems being implemented to enhance factory efficiency [4]

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [1][8]. Core Insights - The company has shown a recovery in overseas demand, with impressive performance in its financial results. In 2023, it achieved a revenue of 4.334 billion yuan, a year-on-year increase of 3.52%, and a net profit of 425 million yuan, a decrease of 7.25% year-on-year. However, in Q4 2023, the revenue surged to 1.244 billion yuan, reflecting a year-on-year growth of 47.27%, and the net profit increased by 33.69% to 135 million yuan [3][21]. - The company is expanding its market presence both domestically and internationally, with a revenue of 3.309 billion yuan from overseas markets, a year-on-year increase of 2.13%, and 999.8 million yuan from domestic markets, up 8.56% year-on-year [4][8]. Financial Performance - The company reported a gross margin of 25.97% in 2023, an increase of 1.69 percentage points year-on-year, while the net profit margin was 9.79%, a decrease of 1.15 percentage points year-on-year [7]. - The company plans to distribute a cash dividend of 0.44 yuan per share for 2023, totaling 196 million yuan, which represents 46.13% of the net profit attributable to the parent company [23]. Revenue and Profit Forecast - The company is projected to achieve revenues of 5.011 billion yuan, 5.790 billion yuan, and 6.696 billion yuan for the years 2024, 2025, and 2026, respectively, with corresponding net profits of 501 million yuan, 585 million yuan, and 683 million yuan [8][27]. - The expected growth rates for revenue are 16% for 2024, 2025, and 2026, while net profit is expected to grow by 18% in 2024 and 17% in the following years [27]. Market Position and Strategy - The company is enhancing its brand influence through a multi-brand strategy, leveraging e-commerce platforms and new marketing channels, while also expanding its offline presence across seven major regions in China [4][8]. - The company is actively investing in overseas production capabilities, including the expansion of its Thailand base and exploring opportunities in Mexico [22]. Valuation Metrics - The report provides a projected P/E ratio of 14, 12, and 10 for the years 2024, 2025, and 2026, respectively, indicating a favorable valuation outlook as the company continues to grow [8][27].

Financial Performance - The company's operating revenue for Q1 2024 reached CNY 1,152,815,504, representing a year-on-year increase of 42.68%[5] - Net profit attributable to shareholders was CNY 122,811,608.25, a significant increase of 170.35% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 113,226,172.43, reflecting a remarkable growth of 324.71%[5] - Basic and diluted earnings per share were both CNY 0.28, an increase of 180% compared to the previous year[5] - Operating profit for Q1 2024 was ¥149,016,184, up from ¥54,556,878 in Q1 2023, reflecting a growth of 173.5%[18] - Net profit for Q1 2024 was ¥122,855,439, compared to ¥45,426,940 in Q1 2023, representing an increase of 170.5%[18] Cash Flow - The net cash flow from operating activities amounted to CNY 108,293,367.39, up by 147.59% year-on-year[5] - In Q1 2024, the cash inflow from operating activities was CNY 1,348,107,854, a significant increase of 46.6% compared to CNY 919,966,956 in Q1 2023[20] - The net cash flow from operating activities reached CNY 108,293,367, up 147.5% from CNY 43,739,573 in the same period last year[20] - Cash inflow from investment activities totaled CNY 2,086,659,878.59, an increase of 30.6% compared to CNY 1,596,626,595.02 in Q1 2023[21] - The net cash flow from investment activities was negative at CNY -72,599,017.89, contrasting with a positive CNY 113,310,125.43 in Q1 2023[21] - Cash inflow from financing activities amounted to CNY 59,391,162.15, up 50.9% from CNY 39,389,674.47 in the previous year[21] - The net cash flow from financing activities was CNY -14,147,681.34, slightly improved from CNY -16,710,753.25 in Q1 2023[21] - The ending balance of cash and cash equivalents was CNY 439,920,796.44, down from CNY 704,304,978.22 at the end of Q1 2023[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,620,595,140.62, a decrease of 1.66% from the end of the previous year[6] - Total assets as of March 31, 2024, amounted to ¥4,620,595,140.62, a decrease from ¥4,698,686,169.45 at the end of 2023[15] - Total liabilities decreased to ¥1,429,736,887.07 from ¥1,598,881,000.11, indicating a reduction of 10.6%[15] - Cash and cash equivalents increased to ¥494,290,283.21 from ¥477,631,189.16, showing a growth of 3.8%[14] - Inventory decreased to ¥630,549,091.12 from ¥664,146,973.85, a decline of 5.1%[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,122[10] - The company repurchased a total of 4,703,700 shares, accounting for 1.05% of the total share capital[11] - The total equity attributable to shareholders increased to ¥3,188,715,065.12 from ¥3,097,705,812.53, a growth of 2.9%[15] Research and Development - Research and development expenses rose to ¥58,592,440.08, compared to ¥52,323,131.95 in Q1 2023, an increase of 12%[18] Non-Recurring Gains - The company reported non-recurring gains of CNY 9,585,435.82 for the period, primarily from government subsidies and other income[7]

证券代码：603408 证券简称：建霖家居 厦门建霖健康家居股份有限公司 投资者关系活动记录表 编号：2024-004 √特定对象调研 □分析师会议 投资者关系 □媒体采访 □业绩说明会 活动类别 □新闻发布会 √现场参观 □路演活动 □其他 形式 √现场 □网上 □电话会议 参与单位 长江证券、中银基金 名称 时间 2024年4月25日 地点 建霖集团总部 上市公司接 董事会秘书 许士伟、证券事务代表 程龙 待人员姓名 1、请问公司会否继续保持较高的分红比率？ 公司始终保持稳定的现金分红政策，实现合理稳定的投资者回报，现金分红比 率长期稳定并保持在行业靠前水平，不会大幅调整。公司非常重视永续发展和股 东利益，将综合盈利情况、投资规划、现金流量等因素提出合理的利润分配方 案，在保障公司战略发展需要的同时，最大程度保障全体股东的利益。 2、建霖在同业竞争中的优势有哪些？ 从产品品类来看，建霖的产品矩阵涵盖厨卫、净水、宜居空气、康养个护、 汽车家电及其他产品。同业相对更聚焦某一或部分品类的发展，建霖的产品组合 相对多元，品类布局更加齐全，深耕多个细分领域，拓宽竞争赛道，提升综合竞 投资者关系 争力和抗风险能力，凭 ...

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 证券代码：603408 证券简称：建霖家居 公告编号：2024-023 厦门建霖健康家居股份有限公司 2023 年年度股东大会决议公告 | 1、出席会议的股东和代理人人数 | | 21 | | --- | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 336,753,044 | | | 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（%） | 75.7845 | | (一) 非累积投票议案 1、 议案名称：公司《2023 年度董事会工作报告》 审议结果：通过 表决情况： (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。 本次大会由公司董事会召集，会议以现场投票和网络投票相结合的方式进行 表决，由董事长陈岱桦先生主持。会议召集、召开及表决方式符合《公司法》和 《公司章程》等有关规定。 (一) 股东大会召开的时间：2024 ...

股东大会法律意见书 北京海润天睿律师事务所 关于厦门建霖健康家居股份有限公司 2023 年年度股东大会的法律意见书 致：厦门建霖健康家居股份有限公司 北京海润天睿律师事务所（以下简称本所）接受厦门建霖健康家居股份有限 公司（以下简称公司）的委托，指派律师吴团结、杜羽田出席公司 2023 年年度 股东大会并对本次股东大会进行律师见证。 本所律师依据《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》（以下简称《股东大会规则》）、《上海证券交易所上市公 司自律监管指引第 1 号——规范运作》（以下简称《规范运作》）等法律法规、 规范性文件及《公司章程》的有关规定，就公司本次股东大会的召集、召开程序、 出席会议人员的资格、召集人资格、表决方式、表决程序及表决结果等事宜出具 本法律意见书。 股东大会法律意见书 出席本次股东大会现场会议的股东及股东代理人共 20 人，代表有表决权股 份 336,691,544 股，占公司有表决权总股本的 75.7707%；参加网络投票的股东 及股东代理人共计 1 人，代表有表决权股份 61,500 股，占公司有表决权总股本 的 0.0138%。 一、本次股东大会的 ...