| 证券代码：603730 | 证券简称：岱美股份 | 公告编号：2024-030 | | --- | --- | --- | | 债券代码：113673 | 债券简称：岱美转债 | | 根据中国证券监督管理委员会《关于同意上海岱美汽车内饰件股份有限公司 向不特定对象发行可转换公司债券注册的批复》（证监许可〔2023〕1273 号）， 公司获准向不特定对象发行可转换公司债券 907.939 万张，每张面值为人民币 100.00 元，募集资金总额为 90,793.90 万元，扣除发行费用 1,094.92 万元（不 含增值税）后实际收到的金额为 89,698.98 万元。上述募集资金到位情况业经立 信会计师事务所（特殊普通合伙）验证，并由其出具《验资报告》（信会师报字 （2023）第 ZF11051 号）。 公司已将上述募集资金全部存放于募集资金专户管理，并与保荐人、存放募 集资金的各商业银行分别签署了募集资金专户存储三方监管协议。 二、募集资金投资项目的基本情况 按照公司向不特定对象发行可转换公司债券募集说明书披露的募集资金投 资项目及募集资金使用计划，募集资金使用计划如下： 单位：万元 上海岱美汽车内饰件股 ...

上海岱美汽车内饰件股份有限公司（以下简称"公司"）拟使用不超过人 民币 30,000.00 万元闲置募集资金暂时补充流动资金，使用期限不超过董事 会审议通过之日起 12 个月，到期将及时足额归还至相关募集资金专户。 一、募集资金基本情况 根据中国证券监督管理委员会《关于同意上海岱美汽车内饰件股份有限公司 向不特定对象发行可转换公司债券注册的批复》（证监许可〔2023〕1273 号）， 公司获准向不特定对象发行可转换公司债券 907.939 万张，每张面值为人民币 100.00 元，募集资金总额为 90,793.90 万元，扣除发行费用 1,094.92 万元（不 含增值税）后实际收到的金额为 89,698.98 万元。上述募集资金到位情况业经立 信会计师事务所（特殊普通合伙）验证，并由其出具《验资报告》（信会师报字 （2023）第 ZF11051 号）。 | 证券代码：603730 | 证券简称：岱美股份 | 公告编号：2024-029 | | --- | --- | --- | | 债券代码：113673 | 债券简称：岱美转债 | | 上海岱美汽车内饰件股份有限公司 关于使用闲置募集资金暂时补充流动资金的 ...

| 证券代码：603730 | 证券简称：岱美股份 公告编号：2024-026 | | --- | --- | | 债券代码：113673 | 债券简称：岱美转债 | 上海岱美汽车内饰件股份有限公司 关于债券持有人及其一致行动人持有 可转换公司债券比例变动达 10%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。 上海岱美汽车内饰件股份有限公司（以下简称"公司"）于2024年5月16日 收到公司控股股东浙江舟山岱美投资有限公司（以下简称"岱美投资"）及其一 致行动人姜银台先生、姜明先生、叶春雷先生的通知，2024年2月19日至2024年5 月16日期间，岱美投资、姜银台先生、姜明先生、叶春雷先生通过上海证券交易 所交易系统以集中竞价和大宗交易方式合计减持"岱美转债"942,510张，占发 行总量的10.38%。具体情况如下： 一、可转换公司债券配售情况 根据中国证券监督管理委员会《关于同意上海岱美汽车内饰件股份有限公 司向不特定对象发行可转换公司债券注册的批复》（证监许可〔2023〕1273 号） 同意注册，公司于 20 ...

| 证券代码：603730 | 证券简称：岱美股份 公告编号：2024-025 | | --- | --- | | 债券代码：113673 | 债券简称：岱美转债 | 上海岱美汽车内饰件股份有限公司（以下简称"公司"）于 2023 年 8 月 17 日召开了第六届董事会第六次会议和第六届监事会第六次会议，审议通过了《关 于使用闲置募集资金暂时补充流动资金的议案》，同意使用不超过人民币 30,000.00 万元闲置募集资金暂时补充流动资金，使用期限不超过董事会审议通 过之日起 12 个月，到期将及时足额归还至相关募集资金专户。具体内容详见公 司于 2023 年 8 月 18 日披露的《上海岱美汽车内饰件股份有限公司关于使用闲置 募集资金暂时补充流动资金的公告》（公告编号：2023-065）。 2024 年 5 月 14 日，公司已将实际用于暂时补充流动资金的 30,000.00 万元 闲置募集资金全部归还至募集资金专用账户。 特此公告。 上海岱美汽车内饰件股份有限公司董事会 上海岱美汽车内饰件股份有限公司 关于归还暂时补充流动资金的闲置募集资金的公告 2024 年 5 月 15 日 本公司董事会及全体董事保证本 ...

本报告版权归"中泰证券股份有限公司"所有。事先未经本公司书面授权，任何机构和个人，不得对本报告 进行任何形式的翻版、发布、复制、转载、刊登、篡改，且不得对本报告进行有悖原意的删节或修改。 - 5 - 请务必阅读正文之后的重要声明部分 [Table_Industry] 岱美股份(603730.SH)/汽车 证券研究报告/公司点评 2024 年 5 月 7 日 [评Ta级ble：_T买itle入] （维持） 市场价格：12.82 元 分析师：何俊艺 执业证书编号：S0740523020004 分析师：刘欣畅 执业证书编号：S0740522120003 分析师：毛䶮玄 执业证书编号：S0740523020003 Email：hejunyi@zts.com.cn [公Ta司ble盈_F利in预anc测e1及] 估值 指标 2022A 2023A 2024E 2025E 2026E 营业收入（百万元） 5,146 5,861 6,975 8,370 9,960 增长率 yoy% 22% 14% 19% 20% 19% 净利润（百万元） 570 654 844 1,022 1,226 增长率 yoy% 37% 15% 2 ...

Investment Rating - The investment rating for the company is "Buy" [9][17]. Core Insights - The company has established itself as a global leader in the sunshade board business, holding over 40% market share in 2022. It is expanding into headrest and ceiling products, with significant growth potential in these areas [2]. - The company's revenue for 2023 is projected to be 58.61 billion yuan, a year-on-year increase of 13.90%, while the net profit attributable to the parent company is expected to reach 6.54 billion yuan, up 14.77% year-on-year [9]. - The company is expected to continue its growth trajectory, with revenue forecasts for 2024-2026 showing significant increases, and EPS projected to rise from 0.51 yuan in 2023 to 1.00 yuan in 2026 [17]. Financial Performance Summary - Total revenue (in million yuan) is forecasted to grow from 5,861 in 2023 to 9,967 in 2026, with year-on-year growth rates of 13.90%, 19.51%, 18.15%, and 20.43% respectively [1]. - Net profit attributable to the parent company is expected to increase from 653.98 million yuan in 2023 to 1,268.97 million yuan in 2026, with growth rates of 14.77%, 32.29%, 20.04%, and 22.20% [1]. - The company’s P/E ratio is projected to decrease from 24.84 in 2023 to 12.80 in 2026, indicating improving valuation as earnings grow [1][17]. Product Expansion and Market Position - The company is leveraging its core technology in the sunshade board business to expand into related product categories, which opens up long-term growth opportunities [2]. - The headrest business is expected to grow as the company increases its supply to major clients like Chrysler and Ford, while the ceiling products are anticipated to contribute significantly to revenue due to their higher value and market potential [2].

Investment Rating - The report maintains a "Buy" rating for the company, citing its leadership in the sunshade market and expansion into ceiling business as key factors for growth [2][15]. Core Insights - The company is projected to achieve a net profit of 865.13 million yuan in 2024, 1,038.48 million yuan in 2025, and 1,268.97 million yuan in 2026, with corresponding EPS of 0.68 yuan, 0.82 yuan, and 1.00 yuan respectively [2][5]. - The company has a significant market share in the sunshade business, exceeding 40% globally, and is expanding into headrest and ceiling products, which are expected to contribute to revenue growth [29]. - The financial forecasts indicate a steady increase in total revenue from 5,861 million yuan in 2023 to 9,967 million yuan in 2026, with a compound annual growth rate (CAGR) of approximately 20.43% [5][8]. Financial Summary - Total revenue for 2023 is reported at 5,861 million yuan, reflecting a year-on-year growth of 13.90% [8]. - The company’s net profit for 2023 is 653.98 million yuan, with a growth rate of 14.77% compared to the previous year [8]. - The projected P/E ratios for the upcoming years are 24.84 for 2023, 18.78 for 2024, 15.65 for 2025, and 12.80 for 2026, indicating a decreasing trend which may enhance attractiveness for investors [2][5].

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 14.91 yuan, indicating a potential upside from the current price of 12.78 yuan [23]. Core Insights - The company's performance in Q1 2023 met expectations, with revenue of 5.861 billion yuan, a year-on-year increase of 13.9%, and a net profit attributable to shareholders of 654 million yuan, up 14.8% year-on-year [20]. - The gross margin improved in Q1 2023, reaching 27.3%, an increase of 4.2 percentage points year-on-year, and the cash flow from operating activities showed significant improvement [20]. - The company is expanding its product line to include integrated roof systems, which is expected to enhance the value per vehicle and drive long-term growth [20]. Financial Performance Summary - Revenue for 2023 is projected at 5.861 billion yuan, with a year-on-year growth of 13.9% [22]. - The net profit attributable to shareholders is expected to reach 654 million yuan in 2023, reflecting a 14.8% increase compared to the previous year [22]. - The company anticipates net profits of 906 million yuan, 1.129 billion yuan, and 1.394 billion yuan for 2024, 2025, and 2026 respectively, indicating strong growth potential [21].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has shown steady growth in its operating performance, with a 14% year-on-year increase in revenue for 2023, reaching 5.86 billion yuan, and a 15% increase in net profit, totaling 650 million yuan [9] - The company is positioned as a global leader in the sunshade business, with a focus on expanding its product offerings in the automotive interior sector, particularly in roof systems for electric vehicles [7][10] - The issuance of 908 million yuan in convertible bonds is aimed at funding the construction of a new production facility for roof products, which is expected to enhance the company's operational performance due to higher unit value and profit margins compared to traditional interior components [8] Summary by Sections Market Performance - The company's stock has shown a relative performance of 10.21% in absolute terms and -7.70% in relative terms against the CSI 300 index over the past months [5] Financial Performance - In Q1 2024, the company achieved a revenue of 1.59 billion yuan, a 16% increase year-on-year, and a net profit of 200 million yuan, reflecting a 27% increase [9] - The comprehensive gross margin for 2023 was 27.3%, up by 4.2 percentage points year-on-year, while the net profit margin was 11.2%, an increase of 0.1 percentage points [7] Revenue and Profit Forecast - Revenue projections for 2024-2026 are 7.53 billion, 8.91 billion, and 10.25 billion yuan, respectively, with corresponding net profits of 951 million, 1.11 billion, and 1.29 billion yuan [8] Customer Base and Global Presence - The company has established stable supply relationships with major global automotive manufacturers, including Bentley, Mercedes-Benz, BMW, and Audi, and is expanding its market presence in North America, Europe, and Asia-Pacific [10]

| 证券代码：603730 | 证券简称：岱美股份 公告编号：2024-024 | | --- | --- | | 债券代码：113673 | 债券简称：岱美转债 | 上海岱美汽车内饰件股份有限公司 关于参加 2024 年上海辖区上市公司 年报集体业绩说明会的公告 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： 投资者可于2024年5月9日(星期四)16:00前通过公司邮箱IR@daimay.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 上海岱美汽车内饰件股份有限公司（以下简称"公司"）已于 2024 年 4 月 30 日发布公司《2023 年年度报告》和《2024 年第一季度报告》，为便于广大投资 者更全面深入地了解公司经营成果、财务状况，公司计划于 2024 年 5 月 10 日 下午 15:00-16:00 参加"2024 年上海辖区上市公司年报集体业绩说明会"活动， 就投资者关心的问题进行交流。现将有关事项公告如下： 一、 说明会类型 本次业绩说明会将采用网络在线交流方式举行，届时 ...