目 录 一、内部控制审计报告…………………………………………第 1—2 页 内部控制审计报告 天健审〔2024〕2551 号 麒盛科技股份有限公司全体股东： 四、财务报告内部控制审计意见 我们认为，麒盛科技公司于 2023 年 12 月 31 日按照《企业内部控制基本规 第 1 页 共 2 页 范》和相关规定在所有重大方面保持了有效的财务报告内部控制。 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我 们审计了麒盛科技股份有限公司（以下简称麒盛科技公司）2023 年 12 月 31 日 的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》《企业内部控制应用指引》以及《企业内部 控制评价指引》的规定，建立健全和有效实施内部控制，并评价其有效性是麒盛 科技公司董事会的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上，对财务报告内部控制的有效性发表 审计意见，并对注意到的非财务报告内部控制的重大缺陷进行披露。 三、内部控制的固有局限性 内部控制具有固有局限性，存在不能防止和发现错报的可能性。此外，由于 情况的变化可能导致内部控制变得不恰当，或对控制政 ...

麒盛科技股份有限公司 2023 年年度股东大会会议资料 浙江省嘉兴市 二〇二四年五月 | 麒盛科技 | 2023 年年度股东大会会议须知 4 | | | --- | --- | --- | | 麒盛科技 | 2023 年年度股东大会会议议程 6 | | | | 2023 年年度股东大会会议议案 | 8 | | 议案一 | 关于 2023 年度董事会工作报告的议案 | 8 | | 附件 | 麒盛科技 2023 年度董事会工作报告 | 9 | | 议案二 | 关于 2023 年度监事会工作报告的议案 | 16 | | 附件 | 麒盛科技 2023 年度监事会工作报告 | 17 | | 议案三 | 关于 2023 年度财务决算报告的议案 | 25 | | 议案四 | 关于 2024 年度财务预算报告的议案 | 26 | | 议案五 | 关于 2023 年年度报告及摘要的议案 | 27 | | 议案六 | 关于 2023 年度企业社会责任报告的议案 | 28 | | 议案七 | 关于 2023 年度利润分配的议案 | 29 | | 议案八 | 关于支付 2023 年度审计费用的议案 | 30 | | 议案九 | 关于 ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 14.87, adjusted from the previous target of 15.81 [13]. Core Views - The company's revenue exceeded expectations, and effective cost control strategies contributed significantly to profit growth [11]. - The report highlights an upward adjustment in profit forecasts for 2024-2026, with expected EPS of 0.97, 1.17, and 1.33 respectively [11][13]. - The company is experiencing stable order performance and has a strong presence in both domestic and international markets, with plans for store expansion to enhance brand influence [11][12]. Financial Summary - **Revenue Growth**: The company reported total revenue of 3,103 million in 2023, with projections of 3,568 million in 2024 and 4,075 million in 2025, reflecting a growth rate of 16.5% in 2023 and expected growth rates of 15.0% and 14.2% in the following years [2]. - **Profitability**: The net profit for 2023 is projected at 206 million, with further increases to 348 million in 2024 and 418 million in 2025, indicating a net profit growth rate of 625.2% in 2023 [2]. - **Margins**: The gross margin is expected to stabilize around 36.7% in 2024, with EBIT margin improving to 12.0% [2]. - **Valuation Ratios**: The company’s PE ratio is projected to decrease from 20.22 in 2023 to 11.94 in 2024, indicating an attractive valuation as earnings grow [2]. Operational Insights - The company has successfully maintained a stable inventory turnover and accounts receivable turnover, with inventory turnover days projected to decrease from 139.1 days in 2023 to 134.2 days in 2024 [2]. - The report notes a significant improvement in the company's return on equity (ROE), expected to reach 10.1% in 2024, up from 6.3% in 2023 [2]. Market Position - The company is recognized as a leading provider of health sleep solutions globally, serving over 30 countries and regions [3]. - The report emphasizes the company's strong market presence and the stability of its supply agreements, which enhance business reliability [11].

Financial Performance - The company's operating revenue for Q1 2024 was CNY 755,962,301.99, representing an increase of 8.48% compared to the same period last year[6]. - The net profit attributable to shareholders for Q1 2024 was CNY 44,932,777.38, reflecting a significant increase of 87.95% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 57,495,413.11, showing a remarkable increase of 495.84% compared to the previous year[6]. - The basic earnings per share for Q1 2024 was CNY 0.13, an increase of 85.71% year-on-year[6]. - The net profit for Q1 2024 was CNY 45,012,456.08, a significant increase from CNY 23,282,299.44 in Q1 2023, representing a growth of approximately 93.5%[22]. - Operating profit for Q1 2024 reached CNY 59,570,493.55, compared to CNY 31,388,610.54 in the same period last year, indicating an increase of about 89.8%[22]. - The company reported a total comprehensive income of CNY 44,616,628.73 for Q1 2024, compared to CNY 20,328,481.89 in Q1 2023, marking an increase of about 119.5%[23]. - Basic and diluted earnings per share for Q1 2024 were both CNY 0.13, up from CNY 0.07 in Q1 2023, representing an increase of approximately 85.7%[23]. Assets and Liabilities - The total assets at the end of Q1 2024 amounted to CNY 5,078,932,228.68, which is a 2.88% increase from the end of the previous year[7]. - The equity attributable to shareholders at the end of Q1 2024 was CNY 3,317,984,412.62, reflecting a 1.37% increase from the previous year-end[7]. - Total assets amounted to RMB 5,078,932,228.68, compared to RMB 4,936,711,014.68 at the end of Q1 2023, reflecting a growth of 2.9%[18]. - Total liabilities as of March 31, 2024, were RMB 1,757,002,858.09, an increase from RMB 1,659,856,281.46 in the previous year, representing a growth of 5.9%[18]. - Non-current assets totaled RMB 2,161,714,281.93, up from RMB 2,091,012,693.67, marking an increase of 3.4%[17]. Cash Flow and Expenses - The company reported a net cash flow from operating activities of CNY 82,714,509.28, attributed to increased sales collections and reduced procurement expenditures[9]. - The net cash flow from operating activities for Q1 2024 was CNY 82,714,509.28, a turnaround from a negative cash flow of CNY -91,693,799.24 in Q1 2023[26]. - The company incurred financial expenses of CNY -16,603,630.96 in Q1 2024, a decrease from CNY 21,827,415.54 in Q1 2023, indicating improved financial management[22]. - Investment activities resulted in a net cash outflow of CNY -145,912,899.27 in Q1 2024, compared to a net outflow of CNY -105,480,789.79 in Q1 2023, reflecting increased investment activities[27]. Operational Metrics - Total operating revenue for Q1 2024 reached RMB 755,962,301.99, an increase of 8.5% compared to RMB 696,841,580.45 in Q1 2023[21]. - Total operating costs for Q1 2024 were RMB 670,946,636.71, a slight decrease of 0.9% from RMB 675,570,694.86 in Q1 2023[21]. - Operating costs included RMB 507,554,940.93 in operating expenses, up from RMB 447,818,022.40 in the previous year, indicating a 13.3% increase[21]. - Accounts receivable increased by 41.52% due to an increase in orders compared to the end of last year[9]. - Intangible assets rose by 42.96% primarily due to land purchases[9]. - Short-term borrowings increased by 30.19% compared to the end of last year[9]. - The company's cash and cash equivalents stood at RMB 1,551,261,202.51, slightly down from RMB 1,553,353,505.55 in the previous quarter[16]. - Inventory decreased to RMB 715,574,406.43 from RMB 781,517,372.96, indicating a reduction of 8.4%[16]. - The company held 5,497,630 shares in its repurchase account as of March 31, 2024[12]. - The company's tax expenses for Q1 2024 were CNY 15,918,847.55, up from CNY 8,626,583.09 in Q1 2023, indicating higher profitability[22].

产能布局持续扩张，海外需求稳步修复 老客户合作稳定，产品竞争实力优越。分地区看，2023年公司外销/内销营收分 别为 27.8 亿元（+15.5%）/2.2 亿元（+55.1%）。外销方面，公司与大客户合 作关系稳定，随着海外客户渠道库存逐步去化，公司外销收入恢复稳健增长。 2024 年年初，公司与泰普尔丝涟将电动床产品制造和供货协议延期至 2027年 3 月 31日，并与舒达席梦思续签五年期电动床产品制造和供货协议；此外公司 积极扩展新客户，与北美床上用品渠道商建立合作，新客户预计逐步贡献增量， 北美市场产品竞争力延续。内销方面，公司品牌投放成效显现，收入实现较快 增长，品牌力持续提升，2023年公司专注的智能电动床细分赛道在国内逐步扩 张，4月公司内销自有品牌"舒福德"在北京开设首家线下直营店，全年开设共 计 109 家门店。展望后续国内市场仍将保持稳健开店步伐，提升品牌影响力。 数据来源：聚源数据 盈利预测与投资建议。预计 2024-2026 年 EPS 分别为 0.77元、0.90元、1.05 元，对应 PE 分别为 15 倍、13 倍、11 倍。考虑到公司客户关系稳定，产品竞 争实力突出，维持"买入 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative price increase of over 15% compared to the benchmark in the next six months [8][22]. Core Insights - The company reported a revenue of 3.1 billion yuan in 2023, representing a year-on-year growth of 16.5%, and a net profit attributable to shareholders of 205.67 million yuan, a significant increase of 625.2% compared to the previous year [15]. - The gross margin improved by 5.1 percentage points to 36.7% in 2023, driven by product mix optimization, favorable exchange rates, and reduced shipping costs [15]. - The company has established stable partnerships with key overseas clients, with 92.5% of its revenue coming from international markets in 2023, and is actively expanding its customer base in Europe [15]. - The domestic market also showed strong growth, with a 55.1% increase in revenue, attributed to the expansion of the "Shufude" brand and the opening of 109 new stores [15]. - The company significantly increased its dividend payout ratio to 171.6%, proposing a dividend of 1.0 yuan per share, totaling 350 million yuan [15]. Financial Forecasts - The company is projected to achieve a net profit of 295.07 million yuan in 2024, with an EPS of 0.82 yuan, and further growth to 349.80 million yuan and 0.98 yuan EPS in 2025 [2][15]. - The P/E ratio is expected to decrease from 20.52 in 2023 to 10.41 by 2026, indicating a more attractive valuation over time [2][15]. Cash Flow and Key Financial Metrics - Operating cash flow for 2023 is estimated at 342 million yuan, with a gradual increase projected in the following years [6][15]. - The company’s total assets are expected to grow from 4.937 billion yuan in 2023 to 5.657 billion yuan by 2026, reflecting a solid financial position [25][15]. - The return on equity (ROE) is forecasted to improve from 6.28% in 2023 to 10.62% in 2026, indicating enhanced profitability [6][15].

请务必阅读正文之后的信息披露和免责申明 2 应收票据及应收账款 221.80 317.04 566.50 132.05 672.47 营业成本 1,821.45 1,964.82 2,314.95 2,612.40 2,988.39 流动资产合计 2,752.08 2,845.70 3,326.16 3,499.07 4,057.35 研发费用 159.56 147.86 169.80 189.28 215.20 无形资产 119.87 128.73 122.38 116.03 109.68 投资净收益 (23.46) (84.01) (30.18) 6.34 (35.95) 短期借款 270.11 400.35 300.00 250.00 200.00 营业外支出 4.12 2.17 3.91 3.40 3.16 长期借款 349.34 197.18 300.00 300.00 300.00 少数股东损益 (2.43) (1.69) (10.55) (15.86) (12.16) 负债合计 1,606.30 1,659.86 1,811.73 1,699.21 1,898.80 资产负债率 应收账款周转率 ...

Investment Rating - The report maintains an "Accumulate" rating for the company [1][12]. Core Insights - In 2023, the company achieved a revenue of 3.103 billion yuan, representing a year-on-year increase of 16.50%, and a net profit attributable to shareholders of 206 million yuan, reflecting a significant year-on-year growth of 625.17% [1][10]. - The company has successfully expanded its market presence, particularly in the smart electric bed segment, which accounted for 81.31% of total revenue in 2023 [2][10]. - The gross profit margins for smart electric beds, mattresses, and accessories improved to 35.70%, 46.61%, and 43.27% respectively, with year-on-year increases of 5.05, 8.61, and 16.71 percentage points [2][10]. - The company is actively enhancing its domestic market presence while maintaining strong relationships with major clients in overseas markets, contributing to a revenue increase of 15.48% in international sales [10][12]. Financial Performance - The company reported a gross margin of 36.68% in 2023, an increase of 5.07 percentage points year-on-year, and a net profit margin of 6.57%, up by 5.70 percentage points [11][12]. - The forecast for 2024-2026 anticipates revenues of 3.487 billion, 3.915 billion, and 4.352 billion yuan, with net profits projected at 258 million, 290 million, and 326 million yuan respectively [12][24]. - The company’s return on equity (ROE) is expected to improve from 6% in 2023 to 8% by 2026, indicating a positive growth trajectory [12][24]. Market Position and Strategy - The company is focusing on expanding its brand "Shufu De" through increased marketing efforts, including media campaigns and celebrity endorsements, which has led to a rise in brand awareness [23]. - The establishment of 109 new stores nationwide for the "Shufu De" brand in 2023 demonstrates the company's commitment to enhancing consumer experience and product accessibility [10][12]. - The company is positioned as a leader in the smart electric bed market, benefiting from the increasing penetration of electric beds and a stable development strategy with existing major clients [12][24].

一、交易情况概述 证券代码：603610 证券简称：麒盛科技 公告编号：2024-020 麒盛科技股份有限公司 关于公司 2024 年度开展远期结售汇业务的公告 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。 重要内容提示： ● 交易目的、交易品种、交易工具、交易场所和交易金额：为减少汇率波 动带来的风险，公司及其子公司拟开展远期结售汇业务，利用远期结售汇的套期 保值功能，降低汇率波动对公司经营业绩的影响；交易工具主要为远期结售汇合 约；交易场所为境内场外市场，交易对手方仅限于经营稳健、资信良好、具有金 融衍生品交易业务经营资格的金融机构；交易金额为不超过5亿美元或等价货币。 ● 已履行及拟履行的审议程序：麒盛科技股份有限公司（以下简称"公司"） 于2024年4月17日分别召开第三届董事会第十五次会议和第三届监事会第九次会 议，审议通过了《关于公司及子公司2024年度开展远期结售汇业务的议案》，该 议案还需提交2023年年度股东大会审议。 ● 特别风险提示：公司开展远期结售汇业务遵循锁定汇率风险原则，不做 投机性、套利性的交易 ...

证券代码：603610 证券简称：麒盛科技 公告编号：2024-014 麒盛科技股份有限公司 第三届董事会第十五次会议决议公告 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。 一、董事会会议召开情况 麒盛科技股份有限公司（以下简称"公司"）第三届董事会第十五次会议于 2024 年 4 月 8 日以邮件和电话方式发出通知，2024 年 4 月 17 日以现场结合通讯 的方式在公司会议室召开。会议应出席董事 6 人，实际出席董事 6 人。全体与会 董事一致推举唐国海董事长主持本次会议，公司监事、高级管理人员列席了会议。 本次董事会会议的召开符合有关法律、行政法规、部门规章、规范性文件和公司 章程的规定。 二、董事会会议审议情况 （三）审议通过了《关于 2023 年度财务决算报告的议案》； 表决结果：6 票同意，0 票反对，0 票弃权。 该议案尚需提请公司 2023 年年度股东大会审议。 1 （四）审议通过了《关于 2024 年度财务预算报告的议案》； 本次董事会会议形成如下决议： （一）审议通过了《关于 2023 年度董事会工作报 ...