证券代码：603868 证券简称：飞科电器 公告编号：2025-003 上海飞科电器股份有限公司 第四届监事会第十二次会议决议公告 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个别及连带责任。 上海飞科电器股份有限公司（以下简称"公司"）于 2025 年 4 月 18 日以邮 件、微信等方式发出了关于召开公司第四届监事会第十二次会议的通知，2025 年 4 月 29 日会议在上海市松江区广富林东路 555 号公司会议室以现场表决方式 召开，应出席监事 3 人，实际出席监事 3 人，会议由监事会主席贾春荣先生主 持。会议的召开符合《公司法》和《公司章程》的有关规定，会议决议合法有效。 会议审议通过如下事项： 一、会议以 3 票赞成，0 票反对，0 票弃权的表决结果审议通过了《公司 2024 年度监事会工作报告》 本报告尚需提交股东大会审议。 二、会议以 3 票赞成，0 票反对，0 票弃权的表决结果审议通过了《公司 2024 年度财务决算报告》 本报告尚需提交股东大会审议。 三、会议以 3 票赞成，0 票反对，0 票弃权的表决结果审议通过 ...

证券代码：603868 证券简称：飞科电器 公告编号：2025-002 上海飞科电器股份有限公司 第四届董事会第十三次会议决议公告 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个别及连带责任。 上海飞科电器股份有限公司（以下简称"公司"）于 2025 年 4 月 18 日以邮 件、微信等方式发出了关于召开公司第四届董事会第十三次会议的通知。2025 年 4 月 29 日会议在上海市松江区广富林东路 555 号公司会议室以现场结合通讯 表决方式召开。会议应出席董事 7 人，实际出席董事 7 人，会议由公司董事长 李丐腾先生主持，公司监事及高级管理人员列席会议。会议的召开符合《公司法》 和《公司章程》的有关规定，会议决议合法有效。 会议审议通过如下事项： 本议案需提交公司 2024 年年度股东大会审议。 四、会议以 7 票赞成，0 票反对，0 票弃权的表决结果审议通过了《公司 2025 年第一季度报告》 五、会议以 7 票赞成，0 票反对，0 票弃权的表决结果审议通过了《关于公 司 2024 年度利润分配的预案》 经立信会计师事务所（特殊 ...

证券代码：603868 证券简称：飞科电器 公告编号：2025-004 上海飞科电器股份有限公司 关于 2024 年度利润分配方案的公告 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。 重要内容提示： ●每股分配比例：每股派发现金红利人民币0.5元（含税） ●本次利润分配以实施权益分派股权登记日登记的总股本为基数，具体日期将 在权益分派实施公告中明确。 ●在实施权益分派的股权登记日前公司总股本发生变动的，拟维持每股分配比 例0.5元（含税）不变，相应调整分配总额，并将另行公告具体调整情况。 ●本次利润分配方案尚需提交公司股东大会审议通过后方可实施。 一、利润分配方案内容 经立信会计师事务所（特殊普通合伙）对公司按照《企业会计准则》规定编制 的2024年度财务会计报告的审计，2024年母公司实现净利润813,949,766.41元，加 上 2024 年 初 未 分 配 利 润 1,711,376,764.62 元 ， 扣 减 本 年 度 对 股 东 的 分 红 1,001,880,000.00元，加上其他综合收益当期转入留 ...

上海飞科电器股份有限公司 内部控制审计报告 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》、《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 价其有效性是飞科电器董事会的责任。 上海飞科电器股份有限公司全体股东： 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，我们审计了上海飞科电器股份有限公司（以下简称"飞科电 器"）2024 年 12 月 31 日的财务报告内部控制的有效性。 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。 二〇二四年度 三、内部控制的固有局限性 内部控制审计报告 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，或对控制政策 和程序遵循的程度降低，根据内部控制审计结果推测未来内部控制的 有效性具有一定风险。 信会师报字[2025]第 ZA12636 号 四、财务报告内部控制审计意见 我们认为，飞科电器于 2024 年 12 月 31 日按照《企业内部控制 基本 ...

上海飞科电器股份有限公司2025 年第一季度报告 证券代码：603868 证券简称：飞科电器 上海飞科电器股份有限公司 2025 年第一季度报告 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。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人李丐腾、主管会计工作负责人胡莹及会计机构负责人（会计主管人员）陆佩娟保证季 度报告中财务信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 上年同期 | 本报告期比上年同期 | | | --- | --- | --- | --- | --- | | | | | 增减变动幅度(%) | | | 营业收入 | 1,157,139,176.38 | 1,174,404,536.54 | | -1.47 | | 归属于上市公司股东的净利润 | 180,945,6 ...

Financial Performance - The company's operating revenue for 2024 was CNY 4,147,209,853.76, a decrease of 18.03% compared to CNY 5,059,683,184.43 in 2023[20] - The net profit attributable to shareholders for 2024 was CNY 457,861,390.82, down 55.10% from CNY 1,019,636,618.30 in the previous year[20] - The net cash flow from operating activities decreased by 77.40% to CNY 296,259,445.00 in 2024, compared to CNY 1,310,951,610.65 in 2023[20] - The total assets at the end of 2024 were CNY 3,775,975,557.52, a decline of 15.32% from CNY 4,459,200,718.23 at the end of 2023[20] - The net assets attributable to shareholders decreased by 15.21% to CNY 3,032,485,844.18 at the end of 2024, compared to CNY 3,576,345,741.08 at the end of 2023[20] - Basic earnings per share for 2024 were CNY 1.05, down 55.13% from CNY 2.34 in 2023[21] - The weighted average return on equity for 2024 was 14.59%, a decrease of 15.14 percentage points from 29.73% in 2023[21] Dividend and Capital Management - The company plans to distribute a cash dividend of CNY 5.00 per 10 shares, totaling CNY 217,800,000.00, based on the total share capital of 435,600,000 shares as of December 31, 2024[6] - The company does not plan to increase capital reserves through stock conversion for the 2024 fiscal year[6] Product and Market Development - The sales proportion of mid-to-high-end products reached 60.78%, an increase of 9.83 percentage points compared to the previous year[28] - The company launched 28 new product series, including shavers and high-speed hair dryers, and obtained 108 new patent applications, totaling 759 patents by the end of the period[30] - The POREE brand achieved an operating revenue of CNY 882 million in 2024, with a year-on-year growth of 1.55%[34] - The company expanded its overseas market presence, completing the market planning and management structure for key overseas markets[35] - The company increased brand investment and upgraded dual-brand operations to enhance consumer engagement through emotional marketing strategies[32] - The company optimized its offline channel management, launching new "Smart Trend" experience stores to improve brand image and consumer loyalty[33] Operational Efficiency and Cost Management - The operating cost decreased by 14.45% to approximately CNY 1.88 billion, primarily due to the decline in sales revenue[54] - The company plans to continue improving supply chain efficiency and cost control measures in 2024 to maintain its competitive edge[51] - The company has established a comprehensive e-commerce system combining distribution and self-operated sales, enhancing control over product sales structure and brand image[50] Research and Development - The company has multiple R&D centers focusing on various product categories, enhancing its ability to meet consumer demands through innovation[48] - The company aims to enhance product technology research and development, focusing on personal care appliances to maintain industry leadership[86] - R&D expenses totaled ¥96,415,276.27, accounting for 2.32% of operating revenue, with a decrease of 2.88% compared to the previous year[66] Environmental and Social Responsibility - The company has invested a total of 1.1031 million yuan in social responsibility projects, including 1.0817 million yuan in cash donations[140] - The company has established a rooftop photovoltaic power station with a capacity of 5.866 MW, expected to generate 5.1587 million kWh in 2024, saving 2,063.47 tons of standard coal and reducing CO2 emissions by 2,450.37 tons[138] - The company has been recognized as a green factory in Wuhu City, emphasizing its commitment to environmental protection and sustainable practices[137] Governance and Management - The company has established a robust governance structure in compliance with the Company Law and Securities Law, ensuring clear responsibilities among shareholders, the board, and management[103] - The company maintains independence from its controlling shareholder in terms of assets, personnel, finance, and operations, adhering to the principle of five independences[104] - The company has a strong focus on corporate governance with independent directors holding significant roles[108] Financial Position and Assets - The total current assets of Feike Electric amounted to approximately CNY 2.16 billion, a decrease of 20.6% from CNY 2.72 billion on December 31, 2023[197] - The cash and cash equivalents decreased significantly from CNY 524.76 million in 2023 to CNY 186.58 million in 2024, representing a decline of 64.5%[197] - Total liabilities decreased from $882.85 million to $743.49 million, a reduction of about 15.8%[198] - The company reported a total equity of $3.03 billion as of December 31, 2024[199]

上海飞科电器股份有限公司 审计报告及财务报表 二〇二四年度 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://acc.mof.gov.cn）" 上海飞科电器股份有限公司 审计报告及财务报表 (2024 年 01 月 01 日至 2024 年 12 月 31 日止) | 目录 | 页次 | | --- | --- | | 审计报告 | I -રે | | 财务报表 | | | 合并资产负债表和母公司资产负债表 | l -4 | | 合并利润表和母公司利润表 | ર-୧ | | 合并现金流量表和母公司现金流量表 | 7-8 | | 合并所有者权益变动表和母公司所有者权益变动表 | 9-12 | | 财务报表附注 | 1-97 | 立信会计师事务所(特殊普通合伙) BDO CHINA SHU LUN PAN CERTIFIED PUBLIC ACCOUNTANTS LLP 审计报告 信会师报字[2025]第 ZA12635 号 上海飞科电器股份有限公司全体股东: 一、审计意见 我们审计了上海飞科电器股份有限公司(以下简称飞科电器)财 务报表,包括 2024年 12月 31 日的合并及母公司资产 ...

Investment Rating - The investment rating for the company is "Accumulate" with a downward adjustment [4][3]. Core Views - The company's performance is significantly under pressure due to the dual impact of strategic adjustments in its dual-brand structure and changes in the consumer environment. The expected net profit attributable to the parent company for 2024 is 460 million yuan, a year-on-year decrease of 54.45% [1][3]. - The shaving industry is experiencing a decline in sales growth, with a projected year-on-year decrease of 10.5% for 2024. The hair dryer segment shows better performance but is also slowing down in Q4 2024 [2][3]. - The company anticipates a recovery in revenue performance with the launch of new products in the shaving and hair dryer categories in the future [3]. Financial Summary - The expected net profit for 2024 is 460 million yuan, with projections of 510 million yuan for 2025 and 560 million yuan for 2026. The corresponding dynamic PE ratios are 36.1x, 32.9x, and 30x respectively [3][8]. - The company's revenue for 2024 is projected to be 4.26 billion yuan, reflecting a year-on-year decline of 15.79%. The revenue growth rates for 2025 and 2026 are expected to be 4.58% and 6.76% respectively [8][10]. - The company’s total market capitalization is approximately 16.75 billion yuan, with a current share price of 38.45 yuan [5][4].

Financial Performance - The company expects a net profit attributable to shareholders of the parent company for 2024 to be approximately 464.40 million yuan, a decrease of 555.23 million yuan or about 54.45% compared to the same period last year [4]. - The expected net profit attributable to shareholders of the parent company, after deducting non-recurring gains and losses, is approximately 364.99 million yuan, a decrease of 520.50 million yuan or about 58.81% year-on-year [4]. - The total profit for the previous year was 1,253.08 million yuan, with a net profit attributable to shareholders of the parent company of 1,019.64 million yuan [5]. - The earnings per share for the previous year was 2.34 yuan [6]. Strategic Adjustments - The company is undergoing a strategic adjustment of its dual-brand structure, which, along with changes in the consumer environment, has significantly impacted its operating conditions [7]. - The amount of government subsidies received by the company during the reporting period has decreased significantly compared to the previous year [7]. Performance Forecast - The performance forecast is based on preliminary calculations by the company's finance department and has not been audited by registered accountants [8]. - There are no significant uncertainties affecting the accuracy of this performance forecast [8]. - The forecast data is preliminary and the specific accurate financial data will be disclosed in the company's officially audited 2024 annual report [9]. - Investors are advised to pay attention to investment risks related to this performance forecast [9].

买入/首次 飞科电器(603868) 目标价: 昨收盘:41.02 飞科电器：24Q3 盈利能力环比修复，期待博锐+微信小店赋能 2025 年 01 月 06 日 公司点评 ◼ 走势比较 (30%) (18%) (6%) 6% 18% 30% 24/1/8 24/3/20 24/5/31 24/8/11 24/10/22 25/1/2 ◼ 股票数据 总股本/流通(亿股) 4.36/4.36 总市值/流通(亿元) 178.68/178.68 12 个月内最高/最低价 (元) 54.88/32 证券分析师：孟昕 E-MAIL：mengxin@tpyzq.com 分析师登记编号：S1190524020001 研究助理：赵梦菲 E-MAIL：zhaomf@tpyzq.com 一般证券业务登记编号：S1190124030006 研究助理：金桐羽 E-MAIL：jinty@tpyzq.com 一般证券业务登记编号：S1190124030010 事件：2024 年 10 月 30 日，飞科电器发布 2024 年三季报。2024 年 前三季度公司实现收入 33.21 亿元（-16.85%），归母净利润 4.65 亿元（- 4 ...