二、本次工商变更登记及备案情况 证券代码：603848 证券简称：好太太 公告编号：2024-028 广东好太太科技集团股份有限公司 关于完成工商变更登记的公告 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个别及连带责任。 一、基本情况 广东好太太科技集团股份有限公司（以下简称"公司"）于 2024 年 4 月 22 日 召开了第三届董事会第十二次会议，审议通过了《关于公司修订<公司章程>并办理 工商变更登记的议案》。公司于 2024 年 5 月 13 日召开了 2023 年年度股东大会， 审议通过了上述议案，并授权董事会及董事会委派的相关人员办理工商变更登记、 章程备案等相关手续。具体内容详见公司于 2024 年 4 月 23 日披露在上海证券交 易所网站（www.sse.com.cn）上的《广东好太太科技集团股份有限公司关于修订< 公司章程>并办理工商变更登记的公告》（公告编号：2024-019）。 近日，公司完成了上述事项的工商变更登记手续，并取得了由广州市市场监督 管理局发放的《准予变更登记（备案）通知书》，具体变动申报内容如 ...

公司董事长沈汉标先生、董事会秘书李翔先生、财务负责人孙政先生、独立 董事孙振萍女士出席了本次业绩说明会，就公司 2023 年度及 2024 年一季度的经 营情况与投资者进行互动交流，在信息披露允许的范围内就投资者关注的问题进 行了回复。 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个别及连带责任。 广东好太太科技集团股份有限公司（以下简称"公司"）于 2024 年 5 月 27 日（星期一）13:00-14:30 在上海证券交易所"上证路演中心"以视频录播和网 络文字互动的方式召开了"公司 2023 年度暨 2024 年第一季度业绩说明会"，就 投资者关注的问题在信息披露允许的范围内进行了交流。现将召开情况公告如下： 一、说明会召开情况 2024 年 4 月 23 日，公司披露了《公司 2023 年年度报告》；2024 年 4 月 30 日，公司披露了《公司 2024 年一季度报告》；2024 年 5 月 21 日，公司披露了 《公司关于召开 2023 年度暨 2024 年第一季度业绩说明会的公告》（公告编号： 2024-025）。2 ...

证券代码：603848 证券简称：好太太 公告编号： 2024-026 广东好太太科技集团股份有限公司 关于为控股子公司项目贷款提供担保暨关联交易的进展公告 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个别及连带责任。 重要内容提示： 被担保方名称及是否为上市公司关联人：广东好太太科技集团股份有限 公司（以下简称"公司"或"好太太"）本次为控股子公司广东好好置业投资有 限公司（以下简称"控股子公司"或"好好置业"）项目贷款提供担保。好好置 业另一股东广州好莱客创意家居股份有限公司（以下简称"好莱客"）本次未提 供同股权比例的担保。好莱客是公司控股股东、实际控制人控制的其他企业，本 次担保事项构成关联交易。 本次担保金额及已实际为其提供的担保余额：公司本次为好好置业项目 贷款提供最高额度 170,000 万元的担保；截至 2024 年 5 月 21 日，公司无对外担 保。 本次担保是否有反担保：无。 对外逾期担保的累计数量：无。 特别风险提示：公司为好好置业提供总额度不超过 170,000 万元的最高 限额担保，占上市公司最近一期经审计 ...

证券代码：603848 证券简称：好太太 公告编号：2024-025 广东好太太科技集团股份有限公司 关于召开 2023 年度暨 2024 年第一季度业绩说明会的公告 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： （网址：https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心视频录播和网络文字互动 投资者可于 2024 年 5 月 20 日(星期一) 至 5 月 24 日(星期五)16:00 前登 录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱（ir@hotata.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。 广东好太太科技集团股份有限公司（以下简称"公司"）已于 2024 年 4 月 23 日发布公司 2023 年年度报告，已于 2024 年 4 月 30 日发布公司 2024 年一季 度报告，为便于广大投资者更全面深入地了解公司 2023 年度及 2024 年一季度的 经营成果、财务状况，公司计划于 2024 年 5 月 27 日 13 ...

股票简称：好太太 股票代码：603848 广 东 好 太 太 科 技 集 团 股 份 有 限 公 司 2023 年年度股东大会会议资料 二〇二四年五月十三日 地点：广州 广东好太太科技集团股份有限公司 2023 年年度股东大会会议资料 | 广东好太太科技集团股份有限公司 | 2023 年年度股东大会会议议程 | 2 | | --- | --- | --- | | 广东好太太科技集团股份有限公司 | 2023 年年度股东大会会议须知 | 3 | | 广东好太太科技集团股份有限公司 | 2023 年年度股东大会表决办法 | 4 | | 广东好太太科技集团股份有限公司 | 2023 年年度股东大会审议议案 | 6 | | 议案一 公司董事会 | 2023 年度工作报告 | 6 | | 公司独立董事 | 2023 年度述职报告（孙振萍） | 16 | | 公司独立董事 | 2023 年度述职报告（黄建水） | 22 | | 议案二 公司监事会 | 2023 年度工作报告 | 29 | | 议案三 公司 2023 | 年度报告全文及其摘要 | 34 | | 议案四 公司 2023 | 年度财务决算报告 | 35 | | ...

Investment Rating - The report maintains a "Hold" rating for the company [2][4]. Core Views - The company has shown robust revenue growth, with a 2023 revenue of 1.688 billion yuan, representing a year-on-year increase of 22.2%. The net profit attributable to the parent company reached 327.26 million yuan, up 49.7% year-on-year [4][5]. - The company is focusing on both online and offline channels, with significant growth in the smart home product category, which saw a revenue increase of 26.4% in 2023 [6][7]. - The overall gross margin improved to 51.4% in 2023, benefiting from product structure optimization and cost reduction measures [5][6]. Financial Summary - **Revenue and Profit Forecasts**: - 2023A: Revenue of 1,688.33 million yuan, net profit of 327.26 million yuan - 2024E: Revenue of 2,032.17 million yuan, net profit of 399.78 million yuan - 2025E: Revenue of 2,406.07 million yuan, net profit of 479.47 million yuan - 2026E: Revenue of 2,793.84 million yuan, net profit of 567.63 million yuan [3][4][19]. - **Earnings Per Share (EPS)**: - 2023: 0.81 yuan - 2024: 0.99 yuan - 2025: 1.19 yuan - 2026: 1.40 yuan [3][4]. - **Return on Equity (ROE)**: - 2023: 12.13% - 2024: 13.88% - 2025: 14.90% - 2026: 15.71% [3][4]. Product and Channel Development - The smart home segment is expected to continue its growth trajectory, with a projected revenue of 1.7708 billion yuan in 2024, reflecting a year-on-year growth of 23.6% [19]. - The company is enhancing its channel management efficiency, with offline and online revenues of 6.7 billion yuan and 10.1 billion yuan in 2023, respectively [7][19]. Cost and Margin Analysis - The gross margin for smart home products was 53.1% in 2023, an increase of 4.8 percentage points year-on-year [5][19]. - The total expense ratio for the company was 28.2% in 2023, with a net profit margin of 19.4%, up 3.6 percentage points year-on-year [5][19].

Financial Performance - The company's operating revenue for Q1 2024 was CNY 292,063,615.37, representing a year-on-year increase of 5.73%[2] - The net profit attributable to shareholders for the same period was CNY 55,549,590.00, reflecting a growth of 15.07% compared to the previous year[2] - Basic and diluted earnings per share were both CNY 0.14, an increase of 16.67% from the previous year[2] - Total operating revenue for Q1 2024 reached ¥292,063,615.37, an increase of 5.9% compared to ¥276,225,222.78 in Q1 2023[15] - Net profit for Q1 2024 was ¥55,446,571.45, representing a 15.5% increase from ¥48,217,228.55 in Q1 2023[16] - The company reported a total comprehensive income of ¥55,446,571.45 for Q1 2024, up from ¥48,217,228.55 in Q1 2023, an increase of 15.5%[16] - Total comprehensive income attributable to the parent company was CNY 55,549,590, an increase from CNY 48,272,831 in the same period last year, representing a growth of approximately 15.8%[17] Cash Flow and Investments - The net cash flow from operating activities was negative at CNY -25,239,809.38, a significant decline of 167.17% year-on-year[2] - Cash inflows from operating activities totaled CNY 361,880,003, up from CNY 344,733,145, indicating an increase of about 5%[17] - Cash outflows from investing activities were CNY 14,167,047, compared to CNY 217,479,546 in the same period last year, showing a significant reduction in investment spending[18] - Net cash flow from investing activities was negative CNY 14,153,147, an improvement from negative CNY 49,039,992 in the previous year[18] - The company reported a cash outflow of CNY 475,200 related to financing activities, compared to CNY 244,070 in the previous year, reflecting increased financial obligations[18] - The company received CNY 8,233,386 in tax refunds, which is an increase from CNY 6,018,319 in the previous year, indicating improved cash flow from tax-related activities[17] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,136,446,983.46, a decrease of 0.73% from the end of the previous year[3] - The company's current assets totaled CNY 613,354,959.65, down from CNY 651,944,878.47 at the end of 2023, indicating a decrease of approximately 5.9%[11] - Cash and cash equivalents were reported at CNY 340,629,447.74, a decrease of 10.5% from CNY 380,556,780.82 as of December 31, 2023[10] - The company's non-current assets totaled CNY 2,523,092,023.81, slightly up from CNY 2,507,464,287.51, showing a growth of approximately 0.6%[11] - The total liabilities are not specified in the provided documents, but the company should monitor its debt levels closely given the changes in asset values[10] - The company's total liabilities decreased to ¥382,439,420.29 in Q1 2024 from ¥464,597,306.90 in Q1 2023, a reduction of 17.6%[13] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,271[6] - The report indicates that there are no significant changes in the shareholder structure or financing activities among the top shareholders[9] Operational Efficiency - Total operating costs for Q1 2024 were ¥235,187,154.00, up from ¥229,083,921.51 in Q1 2023, reflecting a rise of 2.4%[15] - The company's operating profit for Q1 2024 was ¥63,084,651.76, compared to ¥52,319,914.84 in Q1 2023, reflecting a growth of 20.6%[16] - Research and development expenses increased to ¥10,104,462.72 in Q1 2024, compared to ¥7,986,498.30 in Q1 2023, marking a growth of 26.5%[15] - The company reported non-recurring gains of CNY 146,438.27 for the period, after accounting for tax and minority interests[5] - Prepayments increased by 31.66% due to higher promotional expenses for e-commerce platforms during the reporting period[5] - Contract assets rose by 70.17% as a result of increased receivables from project warranty deposits[5] Financial Management - The company should focus on improving cash flow management as cash reserves have decreased significantly[10] - The company has maintained a stable level of long-term equity investments at CNY 134,758,807.91, unchanged from the previous period[11] - The company reported a significant increase in other non-current assets, totaling CNY 224,821,250.35, compared to CNY 223,337,926.83 previously[11]

证券研究报告 | 2024年04月25日 2023 年年报点评：产品迭代、渠道深化，盈利能力提升 | --- | --- | --- | --- | --- | --- | |----------------------------------------|-----------|-----------|-----------|----------------------------------|-----------| | 盈利预测和财务指标 | 2022 | 2023 | 2024E | 2025E | 2026E | | 营业收入(百万元) | 1,382 | 1,688 | 2,038 | 2,416 | 2,885 | | (+/-%) | -3.0% | 22.2% | 20.7% | 18.5% | 19.4% | | 归母净利润(百万元) | 219 | 327 | 391 | 476 | 576 | | (+/-%) | -27.2% | 49.7% | 19.6% | 21.6% | 21.0% | | 每股收益（元） | 0.55 | 0.81 | 0.97 | 1.18 | 1.43 ...

Investment Rating - The investment rating for the company is "Buy (Maintain)" [7][10]. Core Views - The company has achieved significant revenue growth, with a total revenue of 1.688 billion yuan in 2023, representing a year-on-year increase of 22.16%. The net profit attributable to shareholders reached 327 million yuan, up 49.71% year-on-year, indicating better-than-expected performance [17]. - The company is focusing on optimizing its product structure, transitioning from traditional drying products to smart drying products, which accounted for 85.70% of its main business revenue in 2023 [3][10]. - The company is expanding its sales channels, achieving a 37.51% year-on-year increase in offline sales, while online sales grew by 13.71% [3][10]. Summary by Sections Financial Performance - In 2023, the company reported a revenue of 1.688 billion yuan and a net profit of 327 million yuan, with a significant increase in net profit margin to 19.36% [17][8]. - The company’s gross margin improved by 4.98 percentage points to 51.35%, driven by product optimization and cost reduction efforts [8][10]. Product and Market Development - The company’s smart home products generated revenue of 1.433 billion yuan in 2023, a year-on-year increase of 26.39%, reflecting a shift towards higher-margin products [3][10]. - The company is expected to benefit from the increasing penetration of smart home solutions in China, which will enhance its market share [10]. Future Earnings Forecast - The earnings per share (EPS) for 2024, 2025, and 2026 are projected to be 0.98 yuan, 1.18 yuan, and 1.40 yuan respectively, with corresponding price-to-earnings (PE) ratios of 15, 12, and 10 times based on the closing price on April 23, 2024 [5][10].

证券代码：603848 证券简称：好太太 公告编号：2024-023 广东好太太科技集团股份有限公司 关于完成工商变更登记并取得营业执照的公告 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个别及连带责任。 一、基本情况 广东好太太科技集团股份有限公司（以下简称"公司"）于 2024 年 1 月 23 日 召开了公司第三届董事会第十次会议，审议通过了《关于变更公司注册资本并修订 <公司章程>的议案》。根据公司 2023 年第一次临时股东大会的授权，本次变更注 册资本、修订《公司章程》并办理工商变更事项属于授权范围内事项，无需提交公 司股东大会审议。具体内容详见公司于 2024 年 1 月 23 日披露在上海证券交易所 网站（www.sse.com.cn）上的《广东好太太科技集团股份有限公司关于修改公司经 营范围并修订<公司章程>的公告》（公告编号：2024-004）。 二、本次工商变更登记及备案情况 6、注册资本：肆亿零肆佰壹拾伍万元（人民币） 7、成立日期：2005 年 01 月 05 日 8、经营范围：研究和实验发展（具体经营项目请 ...