浙江大自然户外用品股份有限公司 2024 年限制性股票激励计划激励对象名单 一、 激励对象获授的限制性股票分配情况 公司 2024 年限制性股票激励计划拟授予的限制性股票在各激励对象间的分 配情况如下表所示： 3、上述合计数与各明细数直接相加之和在尾数上如有差异，是由于四舍五入所造成。 浙江大自然户外用品股份有限公司 董事会 2024 年 12 月 31 日 | | | | 获授的限制性 | 占本激励计划 | 占本激励计划草 | | --- | --- | --- | --- | --- | --- | | 序号 职务 | 姓名 | | 股票数量(股) | 拟授予总量的 | 案公告日股本总 | | | | | | 比例 | 额的比例 | | 一、中层管理人员及核心骨干（ 61 | | 人） | 1,221,840 | 95.117% | 0.863% | | 二、预留部分 | | | 62,720 | 4.883% | 0.044% | | 合计 | | | 1,284,560 | 100.00% | 0.907% | 注：1、上述任何一名激励对象通过全部有效期内的股权激励计划获授的本公司股票累 计数均未超过 ...

证券代码：605080 证券简称：浙江自然 公告编号：2024-052 浙江大自然户外用品股份有限公司 关于部分募投项目延期的公告 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。 浙江大自然户外用品股份有限公司（以下简称"公司"）于2024年12月27日 召开第三届董事会第四次会议和第三届监事会第四次会议审议并通过《关于部分 募投项目延期的议案》，公司经审慎研究决定调整"户外用品自动化生产基地改 造项目"完成时间，调整后募投项目达到预定可使用状态时间延期至2025年12月。 本次募投项目延期不涉及变更募集资金的用途及募投项目实施方式，不会对公司 正常的生产经营和业务发展产生不利影响。保荐机构出具了核查意见。本次募投 项目延期事项无需提交股东大会审议。现将具体情况公告如下： 一、募集资金基本情况 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 2,528.09 万股，发行价格为 31.16 元/股，募集资金总额为 ...

本公司监事会及全体监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、监事会会议召开情况 浙江大自然户外用品股份有限公司（以下简称"公司"）第三届监事会第四 次会议于 2024 年 12 月 27 日在公司会议室以现场方式召开，本次会议通知已于 2024 年 12 月 20 日以书面等方式送达公司全体监事。本次会议由监事会主席韦 志仕先生主持，会议应参加表决监事三人，实际参加表决监事三人。本次会议的 召集、召开符合《中华人民共和国公司法》等法律、法规和《公司章程》的有关 规定。 二、监事会会议审议情况 经与会监事认真审议，做出以下决议： （一）审议通过《关于部分募投项目延期的议案》 监事会认为：本次募投项目延期是结合募集资金使用情况和募投项目实施情 况作出的审慎决定。本次募投项目延期符合相关法律、法规的规定，本次仅涉及 募投项目建设周期的变动，不涉及募投项目实施主体、募投项目实施方式和募集 资金用途的变更，不会对公司的正常经营产生重大不利影响，也不存在改变或变 相改变募集资金投向和损害股东利益的情形。 证券代码：605080 证券简称：浙江自然 ...

Investment Rating - The report assigns a "Buy" rating, indicating an expected stock performance that exceeds the market by more than 15% within the next 12 months [31]. Core Insights - The outdoor sports market is experiencing significant growth, driven by increased consumer interest in outdoor activities post-pandemic, with participation rates in the U.S. rising from 48.2% in 2013 to 57.3% in 2023 [16][20]. - The company has a strong research and development capability, which is crucial for maintaining its competitive edge in the rapidly evolving outdoor product market [56][57]. - The vertical integration of the company's supply chain enhances product quality and profitability, allowing for better control over production processes [64]. Summary by Sections Investment Projects - The company has planned several investment projects totaling 992.04 million yuan, with significant allocations for the construction of smart production bases and R&D centers [1]. Financial Performance - The company's revenue is projected to grow significantly, with expected revenues of 1.034 billion yuan in 2024, 1.229 billion yuan in 2025, and 1.408 billion yuan in 2026, reflecting year-on-year growth rates of 25.6%, 18.9%, and 14.6% respectively [2]. Product Performance - The gross margin for outdoor bags has improved from 14.44% to 26.44% over recent years, indicating a positive trend in profitability [2]. - The average selling price of inflatable mattresses has steadily increased, with prices rising from 150.15 yuan in 2021 to 167.21 yuan in 2023 [10]. Market Trends - The global outdoor sports market is expected to grow from 723.2 billion yuan in 2022 to 1,093.5 billion yuan by 2027, with a compound annual growth rate (CAGR) of approximately 10% [17]. - The domestic outdoor products market is also on an upward trajectory, with retail sales expected to reach 27.44 billion yuan in 2024, following a CAGR of 23.54% from 2002 to 2024 [22]. R&D and Innovation - The company has invested significantly in R&D, with expenses increasing from 29.62 million yuan in 2021 to 35.68 million yuan in 2023, reflecting a commitment to innovation [57][60]. - The company has developed several new products, including a 3D edge inflatable bed, which contributed significantly to revenue in its launch year [57]. Customer Base - The company has established long-term relationships with major clients such as Decathlon and REI, ensuring a stable revenue stream and market presence [66].

证券代码：605080 证券简称：浙江自然 公告编号：2024-049 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提前赎回的公告 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。 ● 赎回理财产品名称：中国农业银行 2023 年第 10 期公司类法人客户人民币 大额存单产品，人民币三年单位定期存款。 ● 本次赎回金额：共计人民币 8,000 万元； ● 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 2023 年 5 月 25 日召开公司 2022 年年度股东大会，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》，同意公司使用最高不超过 人民币4亿元的暂时闲置募集资金及最高不超过6亿元的自有资金进行现金管理， 用于购买投资安全性高、流动性好的理财产品。自 2022 年年度股东大会审议通过 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 2023 年 4 月 27 日披露的《浙江大自然户外用品股份有限公司关于使 用部 ...

Investment Rating - The report maintains a "Buy" rating for the company Zhejiang Natural (605080) with a target price based on recent performance [1]. Core Insights - The company reported a revenue of 190 million yuan for Q3 2024, representing a year-on-year increase of 34.9%, and a net profit attributable to shareholders of 62 million yuan, which is a significant increase of 372% year-on-year [1]. - The core business is recovering steadily, with overseas subsidiaries contributing to growth through increased production capacity [1]. - The company is expanding into new product categories such as insulation boxes and water sports products, which are showing strong growth and contributing to revenue [1]. - The collaboration with well-known domestic automotive companies to develop products for the "car camping" lifestyle is expected to enhance market penetration [1]. Financial Performance Summary - For Q3 2024, the gross profit margin decreased by 0.93 percentage points to 29.3%, while the net profit margin increased by 23 percentage points to 32.6% [1]. - The operating cash flow increased by 11.8% year-on-year to 66 million yuan, indicating a positive trend in cash generation [1]. - The company expects to see continued revenue growth in Q4 2023, driven by the end of inventory destocking by brand clients and a gradual recovery in orders [1]. Future Projections - The company forecasts net profits of 181 million yuan, 230 million yuan, and 276 million yuan for the years 2024, 2025, and 2026, respectively, with corresponding price-to-earnings ratios of 16, 13, and 11 [1][4].

Investment Rating - The report maintains a "Buy" rating for the company Zhejiang Natural (605080) with a target price based on the last closing price of 20.37 [1]. Core Insights - The company reported a revenue of 190 million yuan for Q3 2024, representing a year-on-year increase of 34.9%. The net profit attributable to shareholders was 62 million yuan, with a significant increase in non-recurring gains contributing to the overall performance [1]. - The core business is recovering steadily, with overseas subsidiaries contributing to growth. The company is expanding into new product categories such as insulation boxes and water sports products, which are showing strong growth [1]. - The report highlights the company's strategic partnerships in the new energy vehicle market, aiming to create popular products for the "car camping" lifestyle [1]. Financial Performance Summary - For Q3 2024, the company achieved a gross margin of 29.3%, with a notable increase in net profit margin to 32.6% due to improved investment income and fair value changes [1]. - The company expects continued revenue growth in Q4 2023, driven by the end of inventory destocking by brand clients and a recovery in orders [1]. - The financial projections for the upcoming years indicate a revenue growth rate of 16.3% in 2024, 22.9% in 2025, and 17.4% in 2026, with net profit expected to reach 181 million yuan in 2024 and 276 million yuan in 2026 [4].

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 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 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 2024 年第二次临时股东大会的法律意见书 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 2024 年第二次临时股东大会的 法律意见书 1、出席会议的股东及股东代理人 根据出席会议股东签名及授权委托书等相关文件,出席公司本次股东大会现 场会议的股东及股东代理人共 5 人,持有公司股份数 94.500.100 股,占公司有表 决权股份总数的 67.3613%。通过上海证券交易所股东大会网络投票系统取得的 网络表决结果显示,参加公司本次股东大会网络投票的股东共 108 人,持有公司 股份数 639,140 股,占公司股份总数的 0.4515%。据此,出席公司本次股东大会 表决的股东及股东代理人共 113 人,持有公司股份数 95.13 ...

证券代码：605080 证券简称：浙江自然 公告编号：2024-048 浙江大自然户外用品股份有限公司 2024 年第二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 | 113 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 95,139,240 | | 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（%） | 67.8169 | (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。 表决情况： | 股东类型 | | 同意 | | 反对 | | 弃权 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 票数 | | 比例（%） | 票数 | 比例 | 票数 | 比例 | | | | | | | （%） | | （%） | | A 股 | 95, ...

Investment Rating - The report maintains an "Overweight" rating for the company [4][6] Core Views - The company achieved revenue of 1.9 billion yuan in Q3 2024, a YoY increase of 35%, and net profit attributable to the parent company of 0.6 billion yuan, a YoY increase of 372% [1] - For Q1-Q3 2024, the company achieved revenue of 7.9 billion yuan, a YoY increase of 18%, and net profit attributable to the parent company of 1.6 billion yuan, a YoY increase of 22% [1] - The company's gross margin increased by 0.8 percentage points YoY to 35.3% in Q1-Q3 2024 [1] - Profit growth was driven by overseas development strategy and gains from fair value changes of forward foreign exchange contracts and financial products [1] - The global outdoor sports market is expected to grow steadily despite economic pressures, with domestic demand for outdoor products rebounding [2] - The company has deepened its cooperation with the new energy vehicle market and expanded its product lines, with strong R&D capabilities [3] Financial Performance - The company's net profit margin attributable to the parent company was 20.8% in Q1-Q3 2024, a YoY increase of 1.4 percentage points [1] - The company's EPS is expected to be 1.28 yuan in 2024, 1.60 yuan in 2025, and 1.79 yuan in 2026 [4] - The company's PE ratio is expected to be 15X in 2024, 12X in 2025, and 11X in 2026 [4] - Revenue is forecasted to grow by 18.25% in 2024, 14.85% in 2025, and 13.65% in 2026 [5] - Net profit attributable to the parent company is expected to grow by 38.34% in 2024, 25.41% in 2025, and 11.49% in 2026 [5] Industry and Market Trends - The global outdoor sports market is slowing but still growing, with order demand gradually recovering [2] - The domestic outdoor market is diversifying, with "camping+" driving product innovation and material breakthroughs [2] - The company is leveraging its R&D capabilities to develop new materials and automated production lines, focusing on TPU composite fabrics and low-density high-resilience foam [3] Strategic Developments - The company has expanded its product lines and market development efforts, providing high-quality products to global customers [3] - R&D departments in Tiantai and Shanghai are focusing on new materials, automation, and key projects like inflatable water products and home air mattresses [3]