奥普家居股份有限公司 章 程 二零二四年五月修订 | 第一章 | 总则 | 1 | | --- | --- | --- | | 第二章 | 经营宗旨和范围 | 2 | | 第三章 | 股份 | 3 | | | 第一节 股份发行 3 | | | | 第二节 股份增减和回购 4 | | | | 第三节 股份转让 5 | | | 第四章 | 股东和股东大会 | 6 | | | 第一节 股东 6 | | | | 第二节 股东大会 9 | | | | 第三节 股东大会的召集 11 | | | | 第四节 股东大会的提案与通知 12 | | | | 第五节 股东大会的召开 14 | | | | 第六节 股东大会的表决和决议 17 | | | 第五章 | 董事会 | 21 | | | 第一节 董事 21 | | | | 第二节 独立董事 24 | | | | 第三节 董事会 27 | | | | 第四节 董事会秘书 31 | | | 第六章 | 总经理及其他高级管理人员 | 32 | | 第七章 | 监事会 | 34 | | | 第一节 监事 34 | | | | 第二节 监事会 35 | | | 第八章 | 财务会计制度 ...

Investment Rating - The report maintains a "Buy" investment rating for the company, highlighting its strong dividend yield and long-term value [8]. Core Insights - The company's performance in 2023 and Q1 2024 met expectations, with a revenue of 1.996 billion yuan in 2023, a year-on-year increase of 6.17%, and a net profit of 309 million yuan, up 28.82% year-on-year [5][10]. - The company continues to invest heavily in R&D, leading to innovative product launches that meet diverse consumer needs, such as a new kitchen air conditioner and advanced heating solutions [6]. - Profitability remains robust, with a gross margin of 47.48% in 2023, an increase of 3.13 percentage points year-on-year, and a net profit margin of 15.65%, up 2.64 percentage points year-on-year [7]. Financial Performance Summary - The company achieved total revenue of 1.996 billion yuan in 2023, with a projected revenue of 2.208 billion yuan for 2024, reflecting a growth rate of 10.6% [10]. - The net profit attributable to shareholders for 2023 was 309 million yuan, with forecasts of 358 million yuan for 2024, indicating a year-on-year growth of 15.8% [10]. - The earnings per share (EPS) for 2023 was 0.77 yuan, expected to rise to 0.89 yuan in 2024 [10]. Dividend Policy - The company plans to distribute a cash dividend of 8.0 yuan per 10 shares for 2023, totaling 309 million yuan, which represents 99.99% of the net profit for the year, resulting in a dividend yield of approximately 6.9% [8]. - For the years 2024 to 2026, the company aims to maintain a minimum cash dividend payout ratio of 80% during mature phases without significant capital expenditures [8].

Investment Rating - The report maintains a "Buy" rating for the company [8] Core Insights - The company reported a revenue of 1.996 billion yuan in 2023, representing a year-on-year increase of 6.17%. The net profit attributable to shareholders was 309 million yuan, up 28.82% year-on-year, while the net profit excluding non-recurring items reached 302 million yuan, marking a significant increase of 64.91% [8][9] - In Q4 2023, the company achieved a revenue of 625 million yuan, a year-on-year growth of 3.17%, with a net profit of 92 million yuan, up 20% year-on-year. The net profit excluding non-recurring items for the same quarter was 109 million yuan, showing a remarkable increase of 139.1% [8][9] - For Q1 2024, the company reported a revenue of 381 million yuan, a year-on-year increase of 10.06%, with a net profit of 52 million yuan, up 9.82% year-on-year [8][9] Financial Performance Summary - Total operating revenue for 2023 was 1,996.28 million yuan, with projected revenues of 2,138.61 million yuan for 2024, 2,358.03 million yuan for 2025, and 2,654.44 million yuan for 2026, reflecting growth rates of 7.13%, 10.26%, and 12.57% respectively [4] - The net profit attributable to shareholders for 2023 was 309.32 million yuan, with forecasts of 356.38 million yuan for 2024, 407.60 million yuan for 2025, and 470.81 million yuan for 2026, indicating growth rates of 15.21%, 14.37%, and 15.51% respectively [4] - The basic earnings per share (EPS) for 2023 was 0.77 yuan, with projections of 0.89 yuan for 2024, 1.02 yuan for 2025, and 1.17 yuan for 2026 [4] Market Strategy and Growth Drivers - The company focuses on enhancing its product structure through continuous innovation and iteration, particularly in the bathroom, kitchen, and balcony segments, which are expected to drive significant growth [9] - The company has been expanding its retail presence, achieving a revenue of 1.261 billion yuan from offline channels in 2023, a year-on-year increase of 8.06%, and a revenue of 648 million yuan from online channels, up 9.75% year-on-year [9] - The company is also pursuing cross-border business opportunities, with overseas revenue of 36 million yuan in 2023, despite a decline of 17.45% year-on-year [9]

Investment Rating - The investment rating for the company is Buy-A with a target price of 15.13 CNY over the next six months, while the current stock price is 11.76 CNY [1]. Core Insights - The company reported a revenue of 2.0 billion CNY in 2023, representing a year-over-year increase of 6.2%, and a net profit of 310 million CNY, which is a 28.8% increase year-over-year [3]. - The company has a high dividend payout ratio, planning to distribute 8.0 CNY per 10 shares, totaling approximately 310 million CNY, with a dividend rate of 99.99% [3]. - The company is a leader in the bathroom heater industry and is actively innovating products, which is expected to sustain revenue growth [4][5]. Financial Performance - In Q4 2023, the company achieved a revenue of 630 million CNY, up 3.2% year-over-year, and a net profit of 110 million CNY, up 36.4% year-over-year [3]. - For Q1 2024, the company reported a revenue of 380 million CNY, a 10.1% increase year-over-year, and a net profit of 50 million CNY, a 9.8% increase year-over-year [3]. - The company's gross margin improved by 1.1 percentage points in Q1 2024, driven by the growth of high-margin electrical appliance sales [22]. Market Position and Growth Potential - The company is expanding its online sales channels, with a reported 82% year-over-year increase in sales through Douyin in Q1 2024, indicating strong e-commerce growth [21]. - The company is also enhancing its offline distribution by increasing the number of physical dealers, contributing to robust growth in offline sales [21]. - The introduction of innovative products, such as the beauty function integrated bathroom heater, positions the company favorably in the market [4][5]. Earnings Forecast - The expected earnings per share (EPS) for 2024 and 2025 are projected to be 0.89 CNY and 1.03 CNY, respectively [5]. - The company anticipates a revenue growth rate of 6.9% in 2024, with net profit growth rates of 15.5% in the following years [26]. Valuation Metrics - The company is currently valued at a price-to-earnings (P/E) ratio of 17 times for 2024, which is expected to decrease to 11.4 times by 2025 [26]. - The projected net profit margin is expected to improve from 15.5% in 2023 to 18.3% by 2026 [26].

奥普家居股份有限公司独立董事 作为奥普家居股份有限公司（以下简称"公司"）的独立董事，本人在任职期 间严格按照《公司法》《上市公司独立董事管理办法》《公司章程》和《独立董 事工作制度》等法律、法规、规范性文件的规定，积极出席公司股东大会、董事 会及各专门委员会会议，认真审议各项议案，并对相关事项发表了意见，忠实履 行了独立董事的职责，维护了公司和全体股东的利益。现就 2023 年度履职情况 报告如下： 一、独立董事的基本情况 杜立民，男，中国国籍，无境外永久居留权，1979 年 6 月出生，博士学历。 曾先后任厦门大学博士后研究人员，浙江大学讲师、副研究员、研究员职位。2017 年 6 月至 2023 年 5 月任公司独立董事。 作为公司独立董事，我已参加过交易所组织的专业培训,并取得了独立董事 任职资格证书，且不存在影响独立性的情况。 二、独立董事年度履职情况 2023 年在任期间，本人参加了公司召开的 2 次股东大会会议、3 次董事会会 议、1 次审计委员会会议、1 次薪酬与考核委员会会议、1 次提名委员会会议， 本人严格按照法律、法规和规章制度的要求，勤勉尽责，参加公司召开的股东大 会、董事会及董事会各 ...

奥普家居股份有限公司 章 程 二零二四年四月修订 | 第一章 | 总则 | 1 | | --- | --- | --- | | 第二章 | 经营宗旨和范围 | 2 | | 第三章 | 股份 | 2 | | | 第一节 股份发行 2 | | | | 第二节 股份增减和回购 4 | | | | 第三节 股份转让 5 | | | 第四章 | 股东和股东大会 | 6 | | | 第一节 股东 6 | | | | 第二节 股东大会 9 | | | | 第三节 股东大会的召集 11 | | | | 第四节 股东大会的提案与通知 12 | | | | 第五节 股东大会的召开 14 | | | | 第六节 股东大会的表决和决议 17 | | | 第五章 | 董事会 | 21 | | | 第一节 董事 21 | | | | 第二节 独立董事 24 | | | | 第三节 董事会 27 | | | | 第四节 董事会秘书 31 | | | 第六章 | 总经理及其他高级管理人员 | 32 | | 第七章 | 监事会 | 34 | | | 第一节 监事 34 | | | | 第二节 监事会 35 | | | 第八章 | 财务会计制度 ...

奥普家居股份有限公司独立董事 2023 年度述职报告 作为奥普家居股份有限公司（以下简称"公司"）的独立董事，本人在任职 期间严格按照《公司法》《上市公司独立董事管理办法》《公司章程》和《独立 董事工作制度》等法律、法规、规范性文件的规定，积极出席公司股东大会、董 事会及各专门委员会会议，认真审议各项议案，并对相关事项发表了意见，忠实 履行了独立董事的职责，维护了公司和全体股东的利益。现就 2023 年度履职情 况报告如下： 一、独立董事的基本情况 马国鑫，男，中国国籍，无境外永久居留权，1953 年 9 月出生，本科学历。 曾先后任杭州医疗器械厂主任、副经理，浙江省家用电器协会筹备组成员、主任、 副秘书长。2017 年 6 月至 2023 年 5 月任公司独立董事。 作为公司独立董事，我已参加过交易所组织的专业培训,并取得了独立董事 任职资格证书，且不存在影响独立性的情况。 二、独立董事年度履职情况 2023 年度任职期间，本人通过参加专门委员会、董事会、股东大会及现场 调研等方式参与上市公司现场工作，公司及管理层对本人的工作给予了充分的配 合与支持。 三、独立董事年度履职重点关注事项的情况 （一）关联交易 ...

证券代码：603551 证券简称：奥普家居 公告编号：2024-029 奥普家居股份有限公司关于 2023 年度募集资金存放与使用情况的专项报告 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。 根据《证券发行上市保荐业务管理办法》《上市公司监管指引第2号—上市 公司募集资金管理和使用的监管要求》《上海证券交易所股票上市规则》《上海 证券交易所上市公司自律监管指引第1号——规范运作》等法律法规及规范性文 件的规定，现将奥普家居股份有限公司（以下简称"公司"） 2023 年度募集资金 存放与使用情况专项说明如下： 一、募集资金基本情况 根据中国证券监督管理委员会《关于核准奥普家居股份有限公司首次公开发 行股票的批复》（证监许可 [2019] 2642 号）核准，公司在上海证券交易所公开 发行人民币普通股（A股）股票 4,001 万股，发行价为每股人民币 15.21 元， 募集资金总额为人民币 60,855.21 万元，扣除发行费用人民币 6,812.93 万元（不 含税）后，募集资金净额为人民币 54,042.28 万元，已由主承 ...

目 录 | 一、审计报告……………………………………………………… | 第 | 1—5 | 页 | | --- | --- | --- | --- | | 二、财务报表……………………………………………………… | 第 | 6—13 | 页 | | （一）合并资产负债表…………………………………………… | | 第 6 | 页 | | （二）母公司资产负债表………………………………………… | | 第 7 | 页 | | （三）合并利润表………………………………………………… | | 第 8 | 页 | | （四）母公司利润表……………………………………………… | | 第 9 | 页 | | （五）合并现金流量表……………………………………………第 | | 10 | 页 | | （六）母公司现金流量表…………………………………………第 | | 11 | 页 | | （七）合并所有者权益变动表……………………………………第 | | 12 | 页 | | （八）母公司所有者权益变动表…………………………………第 | | 13 | 页 | | | | 审 计 报 告 天健审〔2024〕3198 号 奥普家居股份有 ...

招商证券股份有限公司 关于奥普家居股份有限公司 2023 年度募集资金存放与使用情况之 作为奥普家居股份有限公司（以下简称"奥普家居"或"公司"）首次公开 发行股票并上市的保荐机构，招商证券股份有限公司（以下简称"招商证券"或 "保荐机构"）对奥普家居首次公开发行股票 2023 年度募集资金的存放与使用情 况进行了核查，情况如下： 一、首次公开发行股票募集资金基本情况 经中国证券监督管理委员会《关于核准奥普家居股份有限公司首次公开发行 股票的批复》（证监许可[2019]2642 号）核准，奥普家居股份有限公司（以下简 称"奥普家居"或"公司"）首次公开发行人民币普通股（A 股）股票 4,001 万 股，发行价为每股人民币 15.21 元，募集资金总额人民币 60,855.21 万元，扣除 发行费用人民币 6,812.93 万元（不含税）后，募集资金净额为人民币 54,042.28 万元。该募集资金已由招商证券于 2020 年 1 月 8 日汇入公司募集资金监管账户。 上述募集资金到位情况经天健会计师事务所（特殊普通合伙）验证并出具天 健验〔2020〕6 号《验资报告》。 2023 年度，公司对募集资金投资项目 ...