证券代码：603992 证券简称：松霖科技 公告编号：2024-078 转债代码：113651 转债简称：松霖转债 厦门松霖科技股份有限公司 关于控股股东及其一致行动人持股比例被动稀释超过 1%的提 示性公告 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。 近日，厦门松霖科技股份有限公司（以下简称"公司"）收到 控股股东松霖集团投资有限公司的《关于与一致行动人权益变动比 例超过 1%的告知函》，因公司可转换公司债券转股（增加股本 7,091,753 股），公司控股股东、实际控制人及其一致行动人（以下 简称"控股股东"）合计持有的公司股份比例从82.25%减少至80.88%， 变动比例为 1.37%。现将有关权益变动情况公告如下： 一、本次权益变动的基本情况 （一）信息披露义务人基本情况 | 信息披露义务 | 名称 | 1 | 松霖集团投资有限公司 | | --- | --- | --- | --- | | 人基本信息 | 名称 | 2 | 厦门松霖投资管理有限公司 | 1 本次权益变动系厦门松霖科技股份有限公司（以下简称"公 ...

证券代码：603992 证券简称：松霖科技 公告编号：2024-077 转债代码：113651 转债简称：松霖转债 厦门松霖科技股份有限公司 关于不提前赎回"松霖转债"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： 自 2024 年 10 月 15 日至 2024 年 11 月 13 日，公司股票价 格已有十五个交易日的收盘价不低于"松霖转债"当期转股价格 的 130%（即不低于 20.37 元/股），已触发"松霖转债"的赎回 条款。公司董事会决定本次不行使"松霖转债"的提前赎回权利， 不提前赎回"松霖转债"。 未来三个月内（即 2024 年 11 月 14 日至 2025 年 2 月 13 日）， 如公司触发"松霖转债"的赎回条款均不行使"松霖转债"的提 前赎回权利。以 2025 年 2 月 13 日之后的首个交易日重新起算， 若"松霖转债"再次触发赎回条款，届时公司董事会将再次召开 会议决定是否行使"松霖转债"的提前赎回权利。 （三）根据相关规定及《厦门松霖科技股份有限公司公开发行 可转换公司债券 ...

（三）根据相关规定及《厦门松霖科技股份有限公司公开发行可转换公司债 券募集说明书》（以下简称"《可转换公司债券募集说明书》"）的约定，公司 该次发行的"松霖转债"自 2023 年 1 月 30 日起可转换公司股份，转股价为人民 币 16.58 元/股。当期转股价格为 15.67 元/股。 二、可转债赎回条款与触发情况 （一）赎回条款 国泰君安证券股份有限公司关于厦门松霖科技股份有限公 司不提前赎回"松霖转债"的核查意见 国泰君安证券股份有限公司（以下简称"国泰君安"、"保荐机构"）作为厦门 松霖科技股份有限公司（以下简称"松霖科技"、"公司"）公开发行可转换公司债 券的保荐机构，根据《证券发行上市保荐业务管理办法》《上海证券交易所股票 上市规则》《可转换公司债券管理办法》和《上海证券交易所上市公司自律监管 指引第 12 号——可转换公司债券》等有关规定，对公司不提前赎回"松霖转债" 的事项进行了核查，核查情况及核查意见如下： 一、可转债发行上市概况 （一）经中国证券监督管理委员会《关于核准厦门松霖科技股份有限公司公 开发行可转换公司债券的批复》（证监许可[2022]1240 号）核准，公司于 2022 年 7 ...

Summary of Conference Call Company Overview - The conference call involved a discussion about Shulin Technology, which operates under an IDM (Integrated Device Manufacturer) model focusing on smart hardware products and private label manufacturing [1][2][3]. Key Points Business Model and Strategy - Shulin Technology employs an IDM model that emphasizes innovation based on user needs, differentiating itself from traditional OEM and ODM models [2][3]. - The company aims for category expansion as a growth strategy, moving from its core products into beauty and health, as well as emerging smart health sectors [4][5]. Product Categories - Current product categories include: - **Beauty and Health**: Products like showerheads, dental care devices, and health monitoring devices [5][6]. - **Emerging Smart Health**: Focus on smart sleep and fitness products, with significant development in sleep-related technologies [5][6]. - The company reported a slight decline in overall performance in Q3 compared to previous quarters, with beauty and health showing stable growth [6][7]. Market Performance - The company exports 75% of its products, with domestic sales at 25%. The domestic market is under pressure, while international markets, particularly Europe, are performing well with a growth rate of approximately 30% [6][7][8]. - The U.S. market remains stable, but customer orders have become more cautious compared to the previous year [8][9]. Financial Outlook - The company is preparing for potential tariff impacts by establishing a production base in Vietnam, which is expected to be operational by mid-next year [10][12]. - Interest rate cuts in the U.S. are anticipated to positively affect market demand, particularly in the housing sector, which is closely linked to the company's products [11][12]. Customer and Market Dynamics - The company is experiencing increased price sensitivity among customers due to competitive pressures, particularly in the Chinese market [35][36]. - New customer acquisition is ongoing, with a focus on expanding into emerging markets and developing partnerships with international brands [18][20]. Internal Structure and R&D - Shulin Technology has restructured its internal organization into several business units based on product categories, enhancing focus on innovation and customer needs [21][22]. - R&D efforts are concentrated on new product categories, including smart toilets and functional kitchen products, with expectations for significant growth in these areas next year [30][31]. Financial Metrics - The company aims to maintain a dividend payout ratio of around 50% and expects stable gross margins with slight improvements in net margins compared to the previous year [29][34]. Additional Insights - The company is actively monitoring currency fluctuations and has implemented short-term hedging strategies to mitigate risks associated with exchange rate volatility [33][34]. - The overall sentiment from management indicates cautious optimism for future growth, driven by strategic initiatives and market expansion efforts [39]. This summary encapsulates the key insights from the conference call, highlighting the company's strategic direction, market performance, and financial outlook.

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。 近日，厦门松霖科技股份有限公司（以下简称"公司"）收到 控股股东松霖集团投资有限公司的《关于与一致行动人权益变动比 例超过 1%的告知函》，因公司可转换公司债券转股（增加股本 5,424,487 股），公司控股股东、实际控制人及其一致行动人（以下 简称"控股股东"）合计持有的公司股份比例从83.33%减少至82.25%， 变动比例为 1.08%。现将有关权益变动情况公告如下： 一、本次权益变动的基本情况 （一）信息披露义务人基本情况 | 信息披露义务 | 名称 | 1 | 松霖集团投资有限公司 | | --- | --- | --- | --- | | 人基本信息 | 名称 | 2 | 厦门松霖投资管理有限公司 | 1 本次权益变动系厦门松霖科技股份有限公司（以下简称"公司"） 可转债转股所致，未触及要约收购。 本次权益变动不会导致公司控股股东及实际控制人发生变化。 证券代码：603992 证券简称：松霖科技 公告编号：2024-076 转债代码：113651 转债简称：松霖转 ...

Investment Rating - The report maintains a "Buy" rating for the company, with an expected relative return of over 20% within the next six months [4][6]. Core Insights - The company reported a revenue of 740 million in Q3 2024, a decrease of 7% year-on-year, and a net profit attributable to the parent company of 100 million, down 46% year-on-year [1]. - The company is currently constructing a factory in Vietnam, expected to commence production in the second half of next year, with a total investment of 350 million RMB [2]. - The company's Integrated Design and Manufacturing (IDM) model is an upgrade from the traditional Original Design Manufacturer (ODM) model, focusing on high-value-added products and ensuring competitive advantages [3]. Financial Performance Summary - For the first three quarters of 2024, the company achieved a total revenue of 2.2 billion, a slight decrease of 0.09% year-on-year, while the net profit attributable to the parent company increased by 5.5% to 320 million [1]. - The gross margin for the first three quarters of 2024 was 35.39%, an increase of 0.32 percentage points, while the net profit margin was 14.63%, a decrease of 0.62 percentage points [1]. - The company adjusted its earnings per share (EPS) forecast for 2024-2026 to 1.0, 1.1, and 1.3 RMB, respectively, with corresponding price-to-earnings (PE) ratios of 22X, 19X, and 16X [4]. Financial Data and Valuation - The company's projected revenue for 2024 is 3.08 billion, with a growth rate of 3.1%, and a net profit of 397 million, reflecting a growth rate of 12.62% [5]. - The company’s total assets are projected to reach 5.3 billion by 2024, with a debt ratio of 34.38% [8]. - The company’s net profit for 2023 is estimated at 391 million, with an EPS of 0.85 RMB [9].

Group 1: Business Overview - Xiamen Songlin Technology Co., Ltd. operates as a platform company focused on "smart hardware products IDM (Innovation/Design/Manufacturing) sharing platform" strategy, emphasizing technological innovation and resource integration [2] - The company aims to meet and exceed consumer demands for health and high-quality living through diversified product offerings, including kitchen and bathroom health products, beauty health products, and emerging smart health products [2][3] Group 2: Financial Performance - In the first three quarters of 2024, the company achieved revenue of CNY 2.192 billion, a slight decrease of 0.09% year-on-year, while net profit attributable to shareholders was CNY 321 million, reflecting a year-on-year increase of 5.49% [2] - For Q3 2024, the company reported revenue of CNY 744 million, down 6.82% year-on-year, and net profit of CNY 99 million, a decrease of 45.81% [4] Group 3: Product Development and Innovation - The kitchen and bathroom health category continues to grow steadily, focusing on creating added value through technological innovation and aiming to develop smart, interconnected health spaces [3] - The beauty health category has become a fast-growing segment, leveraging technologies such as RF, microcurrent, ultrasound, and AI algorithms to enhance product offerings [3] Group 4: Market Strategy and Future Outlook - The company is actively expanding into emerging smart health hardware, focusing on smart fitness and sleep monitoring systems, indicating significant growth potential [3] - Despite challenges in revenue growth, the company maintains a positive outlook for future income growth, with strategic adjustments planned for revenue structure [4] Group 5: Operational Insights - The impact of exchange rate fluctuations on Q3 profits was minimal, with a reported loss of approximately CNY 3 million due to hedging activities [4] - The company plans to commence production in Vietnam in the second half of next year, with an expected capacity increase of 20%-30% for plastic products [5]

一、可转债发行上市概况 证券代码：603992 证券简称：松霖科技 公告编号：2024-075 转债代码：113651 转债简称：松霖转债 厦门松霖科技股份有限公司 关于"松霖转债"可能满足赎回条件的提示性公告 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）经中国证券监督管理委员会《关于核准厦门松霖科技股 份有限公司公开发行可转换公司债券的批复》（证监许可[2022]1240 号）核准，公司于 2022 年 7 月 20 日公开发行了 610 万张可转换公 司债券，每张面值 100 元，发行总额 61,000 万元，期限 6 年。票面 利率具体为：第一年 0.30%、第二年 0.50%、第三年 1.00%、第四年 1.50%、第五年 1.80%、第六年 2.00%。 （二）经上交所自律监管决定书〔2022〕217 号文同意，公司 61,000 万元可转换公司债券于 2022 年 8 月 17 日起在上交所挂牌交 易，债券简称"松霖转债"，债券代码"113651"。 （三）根据相关规定及《厦门松霖科技股份有限公司公开发 ...

厦门松霖科技股份有限公司 简式权益变动报告书 上市公司名称：厦门松霖科技股份有限公司 股票上市地点：上海证券交易所 股票简称：松霖科技 股票代码：603992 信息披露义务人： 1、松霖集团投资有限公司 住所：中国香港 通讯地址：厦门市海沧区坪埕北路 7 号第二层 201 室 2、厦门松霖投资管理有限公司 住所及通讯地址：厦门市海沧区坪埕北路 7 号第二层 201 室 3、厦门联正智创投资合伙企业（有限合伙） 住所及通讯地址：厦门市海沧区坪埕北路 7 号第二层 208 室 4、厦门信卓智创投资合伙企业（有限合伙） 住所及通讯地址：厦门市海沧区坪埕北路 7 号第二层 207 室 5、厦门励众合投资合伙企业（有限合伙） 住所及通讯地址：厦门市海沧区坪埕北路 7 号第二层 209 室 6、周华松 住所：福建省厦门市思明区 通讯地址：厦门市海沧区阳光西路 298 号 住所：福建省厦门市湖里区 通讯地址：厦门市海沧区阳光西路 298 号 7、吴文利 1 住所：福建省厦门市思明区 通讯地址：厦门市海沧区阳光西路 298 号 8、周华柏 住所：福建省厦门市湖里区 通讯地址：厦门市海沧区阳光西路 298 号 9、周丽华 股份 ...

Financial Performance - The company's operating revenue for Q3 2024 was ¥744,174,602.18, a decrease of 6.82% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥99,484,321.76, down 45.81% year-on-year[3]. - The basic earnings per share for Q3 2024 was ¥0.24, a decline of 47.83% compared to the previous year[3]. - The diluted earnings per share for Q3 2024 was ¥0.23, a decrease of 46.51% year-on-year[3]. - The weighted average return on equity for Q3 2024 was 3.57%, a decrease of 4.66 percentage points compared to the previous year[3]. - Total operating revenue for the first three quarters of 2024 was CNY 2,191,693,754.15, a slight decrease from CNY 2,193,627,924.26 in the same period of 2023[12]. - Net profit for the first three quarters of 2024 was CNY 320,723,501.74, a decrease from CNY 334,700,584.46 in the same period of 2023[13]. - The total comprehensive income for the first three quarters of 2024 was CNY 318,816,470.01, compared to CNY 334,699,335.08 in the same period of 2023, indicating a decrease[13]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,164,957,702.02, a decrease of 2.05% from the end of the previous year[3]. - As of September 30, 2024, the total current assets amounted to approximately CNY 2.54 billion, a decrease from CNY 2.63 billion at the end of 2023, reflecting a decline of about 3.5%[9]. - The company's total assets stood at CNY 4.16 billion, a decrease from CNY 4.25 billion at the end of 2023, representing a decline of about 2.0%[10]. - The total liabilities as of September 30, 2024, were CNY 1,432,019,001.31, down from CNY 1,680,575,671.06 at the end of 2023[11]. - The total liabilities decreased to CNY 2.54 billion from CNY 2.63 billion, reflecting a decline of about 3.4%[10]. - The company reported a significant reduction in other payables, which decreased to CNY 98.77 million from CNY 208.92 million, a decrease of approximately 52.8%[10]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥416,374,453.77, an increase of 39.33% year-on-year[3]. - In the first three quarters of 2024, the cash inflow from operating activities was CNY 2,369,607,375.01, an increase from CNY 2,127,486,205.86 in the same period of 2023, representing a growth of approximately 11.4%[14]. - The net cash flow from operating activities for the first three quarters of 2024 was CNY 416,374,453.77, compared to CNY 298,830,687.02 in 2023, indicating a year-over-year increase of about 39.4%[14]. - The cash inflow from investment activities totaled CNY 2,555,423,245.50 in the first three quarters of 2024, up from CNY 2,107,990,986.23 in 2023, reflecting an increase of approximately 21.2%[15]. - The net cash flow from investment activities was negative at CNY -366,651,555.96 for the first three quarters of 2024, worsening from CNY -137,005,180.14 in the same period of 2023[15]. - The cash inflow from financing activities was CNY 12,580,357.53 in the first three quarters of 2024, a decrease from CNY 110,517,620.03 in 2023[15]. - The net cash flow from financing activities was CNY -285,291,344.28 in the first three quarters of 2024, compared to CNY -99,071,728.86 in 2023, indicating a decline in financing activities[15]. - The total cash and cash equivalents at the end of the third quarter of 2024 were CNY 684,772,734.36, down from CNY 1,162,097,989.29 at the end of the same period in 2023, representing a decrease of approximately 41.1%[15]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,292[7]. - The total equity attributable to shareholders of the parent company increased to CNY 2,732,938,700.71 from CNY 2,571,610,584.04 at the end of 2023, representing an increase of approximately 6.3%[11]. - The company has not reported any changes in major shareholders or significant events affecting the operational status during the reporting period[9]. Research and Development - Research and development expenses for the first three quarters of 2024 were CNY 163,498,103.14, up from CNY 142,711,603.43 in the same period of 2023, indicating an increase of approximately 14.5%[12]. Inventory and Receivables - The accounts receivable decreased to CNY 522.45 million from CNY 559.79 million, showing a reduction of approximately 6.7%[9]. - The inventory increased slightly to CNY 320.52 million from CNY 314.08 million, reflecting an increase of about 2.0%[9]. - The total non-current assets were reported at CNY 1.62 billion, a marginal increase from CNY 1.62 billion at the end of 2023[10]. - The company's fixed assets rose to CNY 1.04 billion from CNY 996.56 million, indicating an increase of approximately 4.2%[10]. Investment Income - The company experienced a significant increase in investment income by 204.57% due to structural deposit returns[6]. - The company received CNY 2,539,000,000.00 from investment recoveries in the first three quarters of 2024, compared to CNY 2,024,210,000.00 in 2023, marking an increase of about 25.4%[15]. - The company reported a cash inflow of CNY 120,494,146.50 from tax refunds in the first three quarters of 2024, significantly higher than CNY 64,753,256.06 in 2023, which is an increase of approximately 86%[14]. Operating Costs - Total operating costs for the first three quarters of 2024 were CNY 1,864,542,498.96, compared to CNY 1,868,521,139.77 in 2023, indicating a decrease of approximately 0.2%[12]. - The cash outflow for purchasing goods and services was CNY 1,285,911,250.41 in the first three quarters of 2024, compared to CNY 1,187,637,520.11 in 2023, reflecting an increase of about 8.3%[14]. Gross Profit - The company reported a gross profit of CNY 327,151,255.19 for the first three quarters of 2024, compared to CNY 325,106,784.49 in 2023, showing a slight increase[12].