Financial Performance - Revenue for the third quarter reached RMB 1,315,005,175.20, a year-on-year increase of 10.54%[2] - Net profit attributable to shareholders of the listed company for the third quarter was RMB 103,900,366.14, up 7.79% year-on-year[2] - Basic earnings per share for the third quarter were RMB 0.15, a year-on-year increase of 15.38%[3] - Total revenue for the first three quarters of 2024 reached 3,871,374,868.10 RMB, a 10.3% increase compared to 3,510,641,994.72 RMB in the same period of 2023[13] - Net profit for the first three quarters of 2024 was 391,378,615.45 RMB, up 5.0% from 372,850,430.56 RMB in the same period of 2023[15] - Operating profit for the first three quarters of 2024 was 447,596,730.38 RMB, a 6.1% increase from 421,758,001.28 RMB in the same period of 2023[15] - Comprehensive income for the first three quarters of 2024 reached 400,356,168.38 RMB, an increase from 378,937,859.81 RMB in the same period last year[16] - Sales revenue from goods and services for the first three quarters of 2024 was 3,567,965,345.25 RMB, up from 3,095,171,078.23 RMB in 2023[16] Cash Flow and Liquidity - Operating cash flow for the period from the beginning of the year to the end of the reporting period was RMB 265,969,462.48, a significant increase of 199.79% year-on-year[2][6] - Net cash flow from operating activities for the first three quarters of 2024 was 265,969,462.48 RMB, significantly higher than 88,719,772.94 RMB in 2023[17] - Cash received from tax refunds in the first three quarters of 2024 was 97,209,070.89 RMB, slightly lower than 103,295,984.19 RMB in 2023[17] - Cash paid for goods and services in the first three quarters of 2024 was 2,758,616,738.29 RMB, up from 2,489,298,932.03 RMB in 2023[17] - Net cash flow from investing activities for the first three quarters of 2024 was -466,301,434.39 RMB, an improvement from -533,821,432.53 RMB in 2023[17] - Cash received from financing activities in the first three quarters of 2024 was 1,341,253,157.34 RMB, down from 1,836,900,000.00 RMB in 2023[18] - Cash paid for debt repayment in the first three quarters of 2024 was 1,064,940,000.00 RMB, lower than 1,163,248,249.56 RMB in 2023[18] - Net cash flow from financing activities for the first three quarters of 2024 was -1,154,922.66 RMB, compared to 449,774,011.26 RMB in 2023[18] - The ending cash and cash equivalents balance for the first three quarters of 2024 was 776,794,113.58 RMB, down from 941,339,343.12 RMB in 2023[18] Assets and Liabilities - Total assets as of the end of the reporting period were RMB 5,858,888,437.25, an increase of 3.78% compared to the end of the previous year[3] - Total assets increased to 5,858,888,437.25 RMB, up from 5,645,280,187.48 RMB in the previous period[11] - Total liabilities decreased slightly to 2,366,453,932.19 RMB from 2,349,752,091.65 RMB in the previous period[12] - Long-term borrowings increased significantly to 677,564,438.42 RMB, up 78.2% from 380,205,000.14 RMB in the previous period[11] - Equity attributable to owners of the parent company increased to 3,347,617,138.69 RMB, up 5.6% from 3,170,360,509.46 RMB in the previous period[12] - Equity attributable to shareholders of the listed company as of the end of the reporting period was RMB 3,347,617,138.69, up 5.59% compared to the end of the previous year[3] - Monetary funds as of September 30, 2024: RMB 800,631,730.75, a decrease from RMB 1,026,845,521.92 at the end of 2023[9] - Accounts receivable as of September 30, 2024: RMB 713,687,478.48, an increase from RMB 415,216,719.29 at the end of 2023[10] - Inventory as of September 30, 2024: RMB 1,798,023,669.05, a slight decrease from RMB 1,856,461,729.26 at the end of 2023[10] - Fixed assets as of September 30, 2024: RMB 1,697,175,578.24, an increase from RMB 1,623,531,016.77 at the end of 2023[10] - Construction in progress as of September 30, 2024: RMB 328,376,736.21, a significant increase from RMB 123,355,997.27 at the end of 2023[10] - Total current assets as of September 30, 2024: RMB 3,452,700,475.28, a slight decrease from RMB 3,523,992,571.47 at the end of 2023[10] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period: 10,932[7] - Zhejiang Xinao Industrial Co., Ltd. holds 222,768,000 shares, accounting for 30.49% of total shares[7] - Shen Jianhua holds 103,872,587 shares, accounting for 14.22% of total shares[7] Non-Recurring Items and Government Subsidies - Non-recurring gains and losses for the period from the beginning of the year to the end of the reporting period amounted to RMB 17,142,131.08[5] - Government subsidies received during the reporting period totaled RMB 19,756,502.50[4] Operational Efficiency and Costs - The significant increase in operating cash flow was mainly due to the release of production capacity and improved efficiency, leading to increased sales of worsted yarn and cashmere yarn[6] - Total operating costs for the first three quarters of 2024 were 3,436,072,939.10 RMB, an 11.4% increase from 3,084,405,481.51 RMB in the same period of 2023[13] - R&D expenses increased to 86,510,545.11 RMB, up 4.2% from 82,984,004.08 RMB in the same period of 2023[15] Other Comprehensive Income - Other comprehensive income increased to 8,977,552.93 RMB, up 47.5% from 6,087,429.25 RMB in the same period of 2023[15]

Investment Rating - The report maintains a "Buy" rating for the company, with a target market capitalization of 6.2 billion yuan, indicating a 29% upside potential from the current market value [4][6] Core Views - The company has demonstrated independent growth resilience, achieving 16 consecutive quarters of year-on-year revenue growth since Q3 2020, with a CAGR of 14% for revenue and 16% for net profit from 2021 to 2023 [4] - The wool and cashmere sectors are expected to drive growth, with wool production capacity doubling and cashmere production reaching full capacity, potentially accelerating the company's growth trajectory [4][6] - The global wool spinning industry has undergone significant consolidation, with the company leading in both domestic and international markets, holding a 13.9% market share domestically and 3.5% internationally in the combed wool yarn segment [4][6] Industry Analysis - The wool spinning industry has seen a significant reduction in competitors, with the number of large-scale wool textile enterprises in China decreasing by 42% from 2010 to 2021, and the loss-making rate remaining high at 25% in 2022-2023 [6][42] - The global cashmere yarn market is estimated to exceed 20,000 tons, with the company holding a 14.9% market share domestically and 4.6% internationally in the carded cashmere yarn segment [6][52] Company Growth Strategy - The company is expanding its wool spinning capacity, with new production bases in Vietnam and Ningxia, leveraging cost advantages and tariff benefits to enhance competitiveness [6][54][57] - The cashmere business is expected to transition from revenue growth to profit growth, with the Ningxia New Cashmere facility nearing full production capacity, which could significantly improve profitability [6][58] Financial Projections - The report forecasts net profits of 450 million yuan, 510 million yuan, and 590 million yuan for 2024, 2025, and 2026, respectively, with corresponding P/E ratios of 11x, 9x, and 8x [4][6] - The company's gross margin for wool spinning is expected to reach a historical high of 27.1% in 2024, driven by increased production efficiency and cost optimization [26][57]

回购注销实施完毕后，公司有限售条件股份减少 165,000 股，公司注册资本 将由 730,655,943 元减少至 730,490,943 元，总股本由 730,655,943 股减少至 730,490,943 股。 二、需债权人知晓的相关信息 公司回购注销部分股权激励股份将涉及注册资本减少，根据《中华人民共和 国公司法》等相关法律、法规的规定，公司特此通知债权人，债权人自接到公司 通知之日起 30 日内、未接到通知者自本公告披露之日起 45 日内，有权凭有效债 权文件及相关凭证要求公司清偿债务或者提供相应担保。债权人未在规定期限内 行使上述权利的，不会因此影响其债权的有效性，相关债务将由公司根据原债权 证券代码：603889 证券简称：新澳股份 公告编号：2024-051 浙江新澳纺织股份有限公司 关于回购注销部分限制性股票减少注册资本暨通知 债权人的公告 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、通知债权人的原因 浙江新澳纺织股份有限公司（以下简称"公司"）于 2024 年 9 月 5 日召开第 六届董事 ...

国浩律师（杭州）事务所 关 于 浙江新澳纺织股份有限公司 2024 年第一次临时股东大会之 法律意见书 地址：杭州市上城区老复兴路白塔公园 B 区 2 号、15 号国浩律师楼 邮编：310008 Grandall Building, No.2＆No.15, Block B, Baita Park, Old Fuxing Road, Hangzhou, Zhejiang 310008, China 电话/Tel: (+86)(571) 8577 5888 传真/Fax: (+86)(571) 8577 5643 电子邮箱/Mail：grandallhz@grandall.com.cn 网址/Website：http://www.grandall.com.cn 国浩律师（杭州）事务所 法律意见书 国浩律师（杭州）事务所 关 于 浙江新澳纺织股份有限公司 2024 年第一次临时股东大会之 法律意见书 致：浙江新澳纺织股份有限公司 国浩律师（杭州）事务所（以下简称"本所"）接受浙江新澳纺织股份有限 公司（以下简称"公司"）委托，指派本所律师出席公司 2024 年第一次临时股 东大会（以下简称"本次股东大会"），并依据 ...

浙江新澳纺织股份有限公司 对外投资管理制度 （四）法律、法规允许且公司业务发展需要的其他对外投资。 第三条 公司对外投资应遵循的基本原则：公司的投资应遵循国家的法律法规， 符合国家的产业政策；符合《公司章程》等法人治理制度的规定；符合政府监管部 门及证券交易所有关规定；符合公司发展战略和规划要求，合理配置企业资源，创 造良好经济效益；同时必须谨慎注意风险，保证资金的安全运行。 第四条 本制度适用于公司、全资子公司及控股子公司的对外投资行为。 第五条 对外投资达到中国证监会颁发的《上市公司重大资产重组管理办法》规 定标准的，经董事会、股东大会审议通过后报中国证监会核准；涉及关联交易的， 按照《上海证券交易所股票上市规则》等有关规定执行。 第一章 总 则 第一条 为了加强浙江新澳纺织股份有限公司（以下简称"公司"）对外投资的 管理，规范公司对外投资行为，防范对外投资风险，保障对外投资安全，依据《中 华人民共和国公司法》（以下简称《公司法》）《上海证券交易所股票上市规则》 等有关法律法规、规范性文件及《浙江新澳纺织股份有限公司章程》（以下简称"《公 司章程》"）的规定，并结合公司具体情况制定本制度。 第二条 本制度 ...

证券代码：603889 证券简称：新澳股份 公告编号：2024-050 浙江新澳纺织股份有限公司 2024 年第一次临时股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 122 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 413,257,239 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 56.5598 | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由董事会召集，由董事长沈建华先生主持，采用现场投票与网络投 票相结合的方式召开。本次股东大会的召开以及表决方式符合《中华人民共和国 (一) 股东大会召开的时间：2024 年 9 月 25 日 (二) 股东大会召开的地点：浙江省桐乡市崇福镇观庄桥浙江新澳纺织股份有 限公司会议室 (三) 出席会议的普通股股东和恢复表决权的 ...

浙江新澳纺织股份有限公司 章 程 第一章 总 则 第一条 为规范公司的组织和行为，维护公司、股东和债权人的合法权益， 根据《中华人民共和国公司法》（以下简称《公司法》）及其他有关规定，结合公 司的实际情况，制订本章程。 第二条 公司系依照《公司法》和其他有关规定发起设立的股份有限公司（以 下简称"公司"）。公司实行独立核算、自主经营、自负盈亏。 公司在浙江省市场监督管理局注册登记，取得营业执照，统一社会信用代码 为：91330000146884443G。 邮政编码：314511 第六条 公司注册资本为人民币 730,490,943 元。 第七条 公司为永久存续的股份有限公司。 第八条 董事长为公司的法定代表人。 第九条 公司全部资产分为等额股份，股东以其认购的股份为限对公司承担 责任，公司以其全部资产对公司的债务承担责任。 第十条 本公司章程自生效之日起，即成为规范公司的组织与行为、公司与 股东、股东与股东之间权利义务关系的具有法律约束力的文件，本公司章程对公 司、股东、董事、监事、高级管理人员均具有法律约束力。依据本章程，股东可 以起诉股东，股东可以起诉公司董事、监事、总经理和其他高级管理人员，股东 可以起 ...

授权管理制度 第一条 为了加强浙江新澳纺织股份有限公司（以下简称"公司"）授权管 理工作，确保公司规范化运作，保护公司、股东和债权人的合法权益，根据《中 华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》 （以下简称"《证券法》"）等法律、行政法规、部门规章以及《浙江新澳纺织 股份有限公司公司章程》（以下简称"《公司章程》"）的规定，结合公司实际 情况，特制定本制度。 第二条 本制度所称授权管理是指： （一）公司股东大会对董事会的授权； （二）董事会对董事长的授权； （三）董事会对总经理的授权以及公司具体经营管理过程中的必要的授权。 第三条 授权管理的原则是，在保证公司、股东和债权人合法权益的前提下， 提高工作效率，使公司经营管理规范化、科学化、程序化。 第四条 股东大会是公司的最高权力机关，有权对公司重大事项作出决议。 第五条 董事会是公司的经营决策机关。董事会严格按照《公司章程》及股 东大会授权行使相应职权。董事会应当建立严格的审查和决策程序，在对重大事 项做出决定前应当组织有关专家、专业人员进行评审。 浙江新澳纺织股份有限公司 5、租入或者租出资产； 6、委托或者受托管理资产和业务 ...

新澳股份 2024 年第一次临时股东大会会议材料 浙江新澳纺织股份有限公司 二○二四年第一次临时股东大会 会议材料 2024年9月25日·浙江桐乡 网络投票时间：采用上海证券交易所网络投票系统，通过交易系统投票平台的投 票时间为股东大会召开当日的交易时间段，即2024年9月25日 9:15-9:25,9:30-11:30，13:00-15:00；通过互联网投票平台的 投票时间为股东大会召开当日2024年9月25日的9:15-15:00。 现场会议时间：2024年9月25日（星期三）下午14:00开始 现场会议地点：浙江省桐乡市崇福镇观庄桥·浙江新澳纺织股份有限公司（以下 简称"公司"）会议室 会议主持人： 沈建华先生 一、大会介绍 1、主持人宣布会议开始，介绍到会股东及来宾情况； 2、董事会秘书宣读会议须知和表决方法说明。 二、议案审议、表决 | 2024 年第一次临时股东大会会议议程 1 | | --- | | 2024 年第一次临时股东大会会议须知 3 | | 关于调整限制性股票回购价格及回购注销部分限制性股票的议案 5 | | 关于修订《对外担保管理制度》的议案 7 | | 关于修订《对外投资管理制度》 ...