证券代码：605080 证券简称：浙江自然 公告编号：2024-023 浙江大自然户外用品股份有限公司 关于使用部分闲置募集资金进行现金管理的进展公告 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法律责任。 ● 履行的审议程序：浙江大自然户外用品股份有限公司（以下简称"公司"） 于2024年3月23日以现场结合通讯的表决方式召开公司第二届董事会第十五次会 议、第二届监事会第十二次会议，审议通过了《关于使用部分暂时闲置募集资金及 自有资金进行现金管理的议案》，同意公司在保证不影响募集资金投资项目实施、 确保募集资金安全的前提下，使用最高不超过人民币2.5亿元的暂时闲置募集资金 及最高不超过人民币6亿元的自有资金进行现金管理，使用闲置募集资金用于购买 投资安全性高、流动性好的保本型理财产品，使用自有资金购买低风险的理财产品。 自第二届董事会第十五次会议审议通过之日起12个月内有效。在前述额度及期限范 围内，公司可以循环滚动使用。具体内容见公司2024年3月27日披露的《浙江自然 关于使用部分暂时闲置募集资金及自有资金进行现金管理的公告》（ ...

证券代码：605080 证券简称：浙江自然 公告编号：2024-022 浙江大自然户外用品股份有限公司 2023 年年度股东大会决议公告 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 (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。 本次会议由董事会召集，经半数以上董事推举，由董事长夏永辉先生主持， (一) 股东大会召开的时间：2024 年 05 月 16 日 (二) 股东大会召开的地点：浙江大自然户外用品股份有限公司会议室（浙江 省台州市天台县平桥镇下曹村） (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 会议采用现场投票和网络投票相结合的表决方式。会议的召集、召开及表决方式 符合《公司法》、《公司章程》及其他有关法律法规的规定。 (五) 公司董事、监事和董事会秘书的出席情况 二、 议案审议情况 审议结果：通过 | 表决情况： | | --- | | 股东类型 | 同意 | | 反对 | | 弃权 | | ...

上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于浙江大自然户外用品股份有限公司 2023 年年度股东大会的 法律意见书 锦 天 城 律师事务 所 ALLBRIGHT LAW OFFICES 地址: 上海市浦东新区银城中路 501 号上海中心大厦 9/11/12 层 电话: 021-20511000 邮编： 200120 上海市锦天城律师事务所 致:浙江大自然户外用品股份有限公司 上海市锦天城律师事务所(以下简称"本所")接受浙江大自然户外用品股份 有限公司(以下简称"公司")的委托,就公司召开 2023年年度股东大会(以下 简称"本次股东大会")的有关事宜,根据《中华人民共和国公司法》(以下简称 《公司法》）、《上市公司股东大会规则》（2022年修订）（以下简称《股东 大会规则》)等法律、法规和其他规范性文件以及《浙江大自然户外用品股份有 限公司章程》（以下简称《公司章程》）的有关规定，出具本法律意见书。 法律意见书 上海市锦天城律师事务所 关于浙江大自然户外用品股份有限公司 2023 年年度股东大会的法律意见书 为出具本法律意见书,本所及本所律师依据《律师事务所从事证券法律业务 管理办法》和 ...

证券代码：605080 证券简称：浙江自然 公告编号：2024-021 投资者可于 2024 年 05 月 29 日(星期三)至 06 月 04 日(星期二)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 irm@zjnature.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。 浙江大自然户外用品股份有限公司（以下简称"公司"）已于 2024 年 3 月 26 日发布公司 2023 年度报告，为便于广大投资者更全面深入 地了解公司 2023 年度经营成果、财务状况，公司计划于 2024 年 06 月 05 日上午 11:00-12:00 举行 2023 年度暨 2024 年第一季度业绩说明 会，就投资者关心的问题进行交流。 会议召开时间：2024 年 06 月 05 日(星期三)上午 11:00-12:00 会 议 召 开 地 点 ： 上海证券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 一、 说明会类型 浙江大自然户外用品股份有限公司 关于召开 202 ...

本次股票上市类型为首发股份；股票认购方式为网下，上市股 数为 94,500,000 股。 本次股票上市流通总数为 94,500,000 股。 本次股票上市流通日期为 2024 年 5 月 10 日。 一、本次限售股上市类型 证券代码：605080 证券简称：浙江自然 公告编号：2024-020 浙江大自然户外用品股份有限公司 关于首次公开发行部分限售股上市流通的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 2021 年 4 月 9 日，经中国证券监督管理委员会《关于核准浙江大自然户外用 品股份有限公司首次公开发行股票的批复》（证监许可〔2021〕1200 号）核准，浙 江大自然户外用品股份有限公司（以下简称"公司"）首次公开发行人民币普通股 25,280,900 股，并于 2021 年 5 月 6 日在上海证券交易所挂牌上市。首次公开发行 后，公司的总股本为 101,123,600 股，其中有限售条件流通股 75,842,700 股，占 公司总股本的 75%。 本次申请上市流通的限售股为公司首次公开 ...

东方证券承销保荐有限公司 关于浙江大自然户外用品股份有限公司 首次公开发行部分限售股上市流通的核查意见 东方证券承销保荐有限公司（以下简称"东方投行""保荐机构"）作为浙 江大自然户外用品股份有限公司（以下简称"浙江自然""公司"）首次公开发 行股票并上市持续督导的保荐机构，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》等有关规定，对浙江自然本次限售股份上市流通事 项的合规性进行了审慎核查，核查情况如下： 一、本次限售股上市类型 2021年4月9日，经中国证券监督管理委员会《关于核准浙江大自然户外用品 股份有限公司首次公开发行股票的批复》（证监许可〔2021〕1200号）核准，公 司首次公开发行人民币普通股25,280,900股，并于2021年5月6日在上海证券交易 所挂牌上市。首次公开发行后，公司的总股本为101,123,600股，其中有限售条件 流通股75,842,700股，占公司总股本的75%。 本次上市流通的限售股为公司首次公开发行限售股，共涉及4名股东，分别 为为上海扬大企业管理有限公司（以下简称"上海扬大"）、天台瑞聚股权投资 中心（有限合伙）（以下简称"天台瑞聚"）、上海雨 ...

Investment Rating - The report maintains a "Buy" rating for the company [15][16]. Core Views - The company's revenue and net profit are expected to show steady growth in 2024, driven by the recovery of overseas clients' inventory and collaboration with automotive orders [25]. - The company has a vertically integrated supply chain for inflatable mattresses, maintaining a gross margin above 30%, which is higher than industry peers [14]. - The company is actively expanding its product categories and market scenarios, with expectations for rapid growth in orders for inflatable mattresses and new categories like water sports products in 2024 [24]. Financial Performance - In Q1 2024, the company reported a revenue of 270 million yuan, a year-on-year increase of 14%, while the net profit attributable to shareholders decreased by 42% to 40 million yuan [24]. - The gross margin for Q1 2024 was 38.4%, reflecting a year-on-year increase of 0.5 percentage points [24]. - The company’s operating cash flow for Q1 2024 was 30 million yuan, approximately 0.9 times the net profit attributable to shareholders for the same period [3]. Future Outlook - The company is expected to achieve revenue and net profit growth in 2024, with projected net profits of 172 million yuan, 196 million yuan, and 219 million yuan for 2024, 2025, and 2026 respectively [26]. - The company is enhancing its production capabilities with new facilities in Zhejiang and overseas, which are anticipated to contribute positively to profitability [14][25]. - The report estimates that the company's orders for inflatable mattresses will see steady growth in 2024, supported by the reduction of downstream inventory [25].

浙江大自然户外用品股份有限公司 2023 年年度股东大会 证券代码：605080 证券简称：浙江自然 各位股东及股东代理人： 会议资料 2024 年 5 月 | 目录 | | --- | | 2023 年年度股东大会会议须知 | | | 3 | | --- | --- | --- | --- | | 2023 | | 年年度股东大会会议议程 | 5 | | 2023 | | 年年度股东大会会议议案 | 7 | | 关于《2023 | | 年度董事会工作报告》的议案 | 7 | | 关于《2023 | | 年度独立董事述职报告》的议案 | 15 | | 关于《2023 | | 年度财务决算报告》的议案 | 16 | | 关于《2023 | | 年年度报告》及摘要的议案 | 22 | | 关于 | 2023 | 年度利润分配预案的议案 | 23 | | 关于续聘会计师事务所的议案 | | | 24 | | 关于 | 2024 | 年度向金融机构申请综合授信额度及提供相应担保的议案 25 | | | 关于 | 2024 | 年度证券投资额度预计的议案 | 26 | | 关于《2023 | | 年度监事会工作报告》的 ...

Financial Performance - The company's operating revenue for Q1 2024 was CNY 273,494,046.80, representing a year-on-year increase of 13.83%[5] - The net profit attributable to shareholders decreased by 42.46% to CNY 38,669,185.24 compared to the same period last year[5] - Basic and diluted earnings per share were both CNY 0.28, reflecting a decrease of 40.43% year-on-year[5][9] - Net profit for Q1 2024 was ¥40,959,110.59, a decrease of 38.5% from ¥66,606,878.52 in Q1 2023[23] - In Q1 2024, the company reported a total comprehensive income of CNY 40,959,110.59, a decrease of 38.5% compared to CNY 66,606,878.52 in Q1 2023[24] Cash Flow - The net cash flow from operating activities surged by 365.38% to CNY 34,339,160.69, primarily due to an increase in the recovery of receivables[5][9] - Cash inflows from operating activities totaled CNY 221,087,090.35, an increase of 25.9% compared to CNY 175,539,095.90 in Q1 2023[27] - The net cash flow from operating activities was CNY 34,339,160.69, significantly up from CNY 7,378,732.56 in Q1 2023, marking a 366.5% increase[28] - The company’s total cash inflow from operating activities was CNY 221,087,090.35, while total cash outflow was CNY 186,747,929.66, resulting in a positive cash flow from operations[28] - Cash inflows from financing activities amounted to CNY 161,317,700.00, with a net cash flow from financing activities of CNY 158,325,602.19, compared to a net outflow of CNY -140,713.00 in Q1 2023[29] Assets and Liabilities - Total assets at the end of Q1 2024 reached CNY 2,448,858,015.27, an increase of 13.58% from the end of the previous year[6] - Total liabilities rose to ¥529,193,817.04 in Q1 2024, up from ¥275,267,339.42 in Q1 2023, indicating an increase of 92.2%[19] - The company's cash and cash equivalents increased to ¥1,540,675,098.79 in Q1 2024, compared to ¥1,314,635,163.54 in Q1 2023, reflecting a growth of 17.2%[19] - The company's total assets increased to ¥2,448,858,015.27 in Q1 2024, compared to ¥2,156,032,657.06 in Q1 2023, marking a growth of 13.6%[20] Shareholder Information - The company reported a total of 12,458 common shareholders at the end of the reporting period[11] - The largest shareholder, Shanghai Yangda Enterprise Management Co., Ltd., holds 75,600,000 shares, accounting for 53.40% of total shares[11] - The company plans to repurchase shares with a total fund of no less than RMB 30 million and no more than RMB 60 million, with a maximum repurchase price of RMB 42 per share[14] - The company repurchased a total of 1,284,560 shares, representing 0.91% of the total share capital, with a total payment of RMB 30,016,134.20[15] Non-Recurring Items and Future Plans - Non-recurring losses amounted to CNY -16,987,291.14, significantly impacting the net profit[8] - The company plans to continue focusing on cash flow improvement and managing non-recurring losses in future quarters[9] - The company has not disclosed any new product developments or market expansion strategies in this report[10] - The company has not reported any changes in the participation of major shareholders in margin trading and securities lending[12] - The company’s board of directors approved a plan for share repurchase to support employee stock ownership plans or equity incentives[14] Costs and Expenses - Total operating costs for Q1 2024 were ¥202,818,229.80, up from ¥175,875,840.13 in Q1 2023, reflecting a growth of 15.3%[21] - Research and development expenses for Q1 2024 were ¥7,698,267.26, slightly down from ¥8,271,554.41 in Q1 2023, a decrease of 6.9%[21]

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 21.76 CNY per share, based on an 18x PE multiple for 2024 [25][26] Core Views - The report is optimistic about the company's performance recovery in 2024, driven by the gradual release of overseas subsidiary capacity and the normalization of downstream orders as overseas brand inventories near the end [2] - The company is expected to continue leading the demand for inflatable mattresses in the automotive camping sector, increase market share in waterproof and insulated bags, and expand into the home bed and water sports markets [2] Financial Performance Summary - In 2023, the company reported revenue of 823 million CNY, a decrease of 12.95% YoY, and net profit attributable to shareholders of 131 million CNY, a decline of 38.64% YoY [24] - The revenue decline was primarily due to reduced orders, delayed shipments, and slower new product development as a result of inventory adjustments in the downstream market [24] - The company's gross margin, net margin, and non-GAAP net margin in 2023 were 33.84%, 15.57%, and 16.63%, respectively, down by 2.77, 6.51, and 5.00 percentage points YoY [5] Financial Projections - Revenue is expected to grow to 971 million CNY in 2024, 1,124 million CNY in 2025, and 1,284 million CNY in 2026, with growth rates of 18.0%, 15.7%, and 14.2%, respectively [3] - Net profit attributable to shareholders is projected to increase to 171 million CNY in 2024, 211 million CNY in 2025, and 243 million CNY in 2026, with growth rates of 31.0%, 23.5%, and 15.1%, respectively [3] - EPS is forecasted to be 1.21 CNY in 2024, 1.49 CNY in 2025, and 1.72 CNY in 2026 [3] Product Performance - In 2023, the company's inflatable mattress, bags, pillow cushions, and other products generated revenues of 515 million CNY, 156 million CNY, 60 million CNY, and 90 million CNY, respectively, with YoY changes of -25.19%, 22.53%, -19.29%, and 64.35% [24] Valuation Metrics - The company's PE ratio is expected to decrease from 23.01x in 2023 to 15.68x in 2024, 12.70x in 2025, and 11.03x in 2026 [3] - The EV/EBITDA ratio is projected to decline from 14.44x in 2023 to 8.68x in 2024, 7.17x in 2025, and 5.68x in 2026 [3] Industry Comparison - Comparable companies such as Huali Group and Mogudiao have 2024E PE ratios of 18.63x and 13.26x, respectively, while the company's 2024E PE ratio is 15.68x [10]