证券代码：605189 证券简称：富春染织 公告编号：2025-030 转债代码：111005 转债简称：富春转债 芜湖富春染织股份有限公司 关于 2024 年度业绩暨现金分红说明会召开情况的公 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。 芜湖富春染织股份有限公司（以下简称"公司"）于 2025 年 4 月 16 日下午 15:00-16:00，以网络互动的形式在上海证券交易所上证路演中心 （http://roadshow.sseinfo.com）召开了公司 2024 年度业绩暨现金分红说明会。现 将相关情况公告如下： 一、说明会召开情况 关于本次说明会的召开事项，公司于 2025 年 4 月 8 日在上海证券交易所网 站（www.sse.com.cn）及指定信息披露媒体披露了《富春染织关于召开 2024 年度 业绩暨现金分红说明会的公告》（公告编号：2025-028）。 2025 年 4 月 16 日下午 15：00-16：00，公司在上海证券交易所上证路演中 心召开了 2024 年度业绩暨现金分红说明会，公司总经理 ...

一、可转债发行上市概况 （一）经中国证券监督管理委员会核准《关于核准芜湖富春染织股份有限公 司公开发行可转换公司债券的批复》（证监许可〔2022〕813 号），芜湖富春染 织股份有限公司（以下简称"公司"）于 2022 年 6 月 23 日公开发行了可转换公 司债券 570 万张，每张面值人民币 100.00 元，发行总额为人民币 57,000.00 万元， 期限 6 年，债券票面利率为：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 2.50%。 （二）经上海证券交易所自律监管决定书[2022]192 号文同意，公司 57,000 万元可转换公司债券于 2022 年 7 月 25 日起在上海证券交易所挂牌交易，债券简 称"富春转债"，债券代码"111005"。 （三）根据有关规定和《芜湖富春染织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"《募集说明书》"）的约定，公司发行的"富春转 债"自 2022 年 12 月 29 日起可转换为公司股票。初始转股价格为 23.19 元/股， 最新转股价格为 15.70 元/股。历次转股价格调整 ...

Core Viewpoint - Fuchun Dyeing and Weaving (605189) reported a strong growth in revenue and profit for 2024, but faced challenges in cash flow and debt management, particularly in the fourth quarter [2][10]. Financial Performance - The company achieved total revenue of 3.047 billion yuan, a year-on-year increase of 21.38%, and a net profit attributable to shareholders of 126 million yuan, up 20.76% year-on-year [2]. - In Q4, total revenue was 856 million yuan, a 22.5% increase year-on-year, but net profit dropped to 22.3772 million yuan, a decline of 31.53% [3]. Key Financial Metrics - Gross margin was 12.26%, an increase of 6.68% year-on-year, while net margin decreased to 4.14%, down 0.51% year-on-year [4]. - Earnings per share rose to 0.82 yuan, reflecting a 22.39% increase year-on-year [4]. Cost Control - The ratio of operating expenses to revenue was 4.56%, a significant increase of 50.62% year-on-year, with financial expenses surging by 911.48% [5]. Cash Flow Situation - Operating cash flow per share was -7.33 yuan, a drastic decrease of 1634.76% year-on-year, indicating challenges in cash flow management [6]. Debt Situation - Interest-bearing debt rose to 2.467 billion yuan, a 97.78% increase year-on-year, with an interest-bearing asset-liability ratio of 47.25% [7]. Business Model and Future Development - The company's performance is driven by R&D, debt financing, and capital expenditures, with increased R&D investment of 4.67 million yuan in collaboration with universities [8]. - The company is also advancing the construction of smart factories to enhance production efficiency [8].

Investment Rating - The investment rating for the company is "Buy" [1] Core Views - The company's revenue, net profit attributable to the parent, and cash flow from operating activities for 2024 are projected to be CNY 3.047 billion, CNY 126 million, and -CNY 1.098 billion respectively, with year-on-year growth of 21.4%, 20.8%, and a significant decline in cash flow [2] - The decline in performance is attributed to a decrease in gross margin due to falling cotton prices, increased inventory costs, and a rise in financial expenses [2] - The company plans to distribute CNY 1.8 per 10 shares and increase its share capital by 3 shares, resulting in a dividend payout ratio of 21.2% and a dividend yield of 1.5% [2] Summary by Sections Revenue and Profitability - The company’s revenue from color yarn, trade yarn, processing fees, and other businesses for 2024 is expected to be CNY 2.590 billion, CNY 230 million, CNY 125 million, and CNY 78 million respectively, with year-on-year growth rates of 16.85%, 29.80%, 41.90%, and not applicable [3] - The gross margin for 2024 is projected to be 12.26%, an increase of 0.77 percentage points year-on-year, driven by improved capacity utilization [4] - The net profit margin and the net profit margin excluding non-recurring items are expected to be 4.14% and 3.68% respectively, with slight year-on-year changes [4] Financial Performance - The company’s total revenue for 2024 is projected at CNY 3.047 billion, with a year-on-year growth of 21.4% [9] - The net profit attributable to the parent for 2024 is expected to be CNY 126 million, reflecting a year-on-year increase of 20.8% [9] - The company’s earnings per share (EPS) for 2025 is forecasted to be CNY 1.07, with a price-to-earnings (PE) ratio of 11 times based on the closing price of CNY 11.99 on April 7, 2025 [7][9] Cash Flow and Inventory - The company’s cash flow from operating activities is projected to be negative at -CNY 1.098 billion for 2024, primarily due to increases in inventory and accounts receivable [2][5] - The inventory at the end of 2024 is expected to be CNY 1.456 billion, a 127% increase year-on-year, largely due to the production ramp-up of subsidiaries [5][6] Future Outlook - The company is expected to benefit from new product lines and expansion projects, with a forecasted revenue of CNY 4.074 billion in 2026 and CNY 4.357 billion in 2027 [9] - The anticipated stabilization of domestic cotton prices and potential increases in imported cotton prices may positively impact future profitability [7]

Financial Performance - The company's operating revenue for 2024 reached CNY 3,047,483,724.95, representing a year-on-year increase of 21.38% compared to CNY 2,510,661,942.38 in 2023[25] - The net profit attributable to shareholders of the listed company was CNY 126,098,923.18, up 20.76% from CNY 104,423,096.06 in the previous year[25] - The net profit after deducting non-recurring gains and losses was CNY 111,917,804.91, reflecting a significant increase of 33.89% compared to CNY 83,592,388.34 in 2023[25] - The total assets of the company increased by 28.29% to CNY 5,220,318,775.68 from CNY 4,069,052,154.04 in 2023[25] - The net assets attributable to shareholders of the listed company rose to CNY 1,880,071,867.62, a 4.44% increase from CNY 1,800,195,617.94 in the previous year[25] - The basic earnings per share increased to CNY 0.82, reflecting a growth of 22.39% year-on-year[37] - The weighted average return on equity rose to 6.84%, an increase of 0.91 percentage points from the previous year[37] - The company reported a net profit of CNY 1,119.18 million after deducting non-recurring gains and losses, marking a 33.89% increase year-on-year[37] - Total assets reached CNY 5,220.32 million, representing a growth of 28.29% compared to the previous year[37] - Net profit attributable to shareholders increased by 20.76% to 12,609.89 million RMB, while the net profit excluding non-recurring items rose by 33.89% to 11,191.78 million RMB[62] Cash Flow and Dividends - The company plans to distribute a cash dividend of CNY 1.80 per 10 shares and to increase capital by 3 shares for every 10 shares held, resulting in a total cash dividend payout of CNY 26,730,613.80[8] - The company reported a significant decrease in cash flow from operating activities, with a net outflow of CNY 1,098,443,117.94 compared to a net inflow of CNY 71,569,448.75 in 2023, marking a decline of 1,634.79%[26] - The cash dividend amount represents 21.20% of the net profit attributable to ordinary shareholders in the consolidated financial statements, which is 126,098,923.18 RMB[145] - The total cash dividend and share repurchase amount for the fiscal year is 42,228,833.40 RMB, accounting for 33.49% of the net profit attributable to ordinary shareholders[145] - Over the last three accounting years, the cumulative cash dividend amount (including tax) is 82,891,978.20 RMB, with an average cash dividend ratio of 63.21%[147] Market Performance - Domestic market sales grew by 21.37%, while international market sales surged by 129.09%[38] - The company is actively expanding into emerging markets such as knitted garments and towels, enhancing its competitive capabilities[40] - The company has established long-term relationships with thousands of quality clients, including many top international sports brands, enhancing its market position and ability to respond to downstream demand[57] Research and Development - In 2024, the company invested 2 million in research collaboration with Zhejiang Sci-Tech University and 1.47 million with Anhui Engineering University, enhancing its R&D capabilities significantly[39] - The company has four new products recognized as high-tech products in Anhui Province in 2024, reflecting its commitment to innovation[39] - The total R&D expenditure for the period was 118.58 million yuan, with no capitalized R&D expenses reported[74] - The company has a strong focus on research and development, with an average annual expenditure of 5 million yuan on collaborations with universities to enhance its technological capabilities[56] Environmental Responsibility - The company has invested over 10 million yuan annually in environmental protection, implementing advanced wastewater treatment processes that exceed industry standards, achieving a leading position in the sector[54] - The company has reduced water consumption per ton of yarn significantly, with the water usage and overall energy consumption far below the standards set by the Ministry of Industry and Information Technology[55] - The company has implemented online monitoring systems for wastewater and air emissions, ensuring compliance with national standards[154] - The company has been recognized as an environmentally trustworthy enterprise by the Anhui Provincial Ecological Environment Department for multiple years[161] Governance and Compliance - The company has established a comprehensive internal control management system and continuously optimizes its governance structure and internal control system[149] - The company emphasizes transparency in information disclosure, designating specific publications and websites for announcements, adhering to the principles of fairness and openness[120] - The company has established a fair and transparent performance evaluation and incentive mechanism for senior management[118] - The company has not experienced any incidents of information leakage, maintaining strict confidentiality regarding insider information[121] Risks and Challenges - The company is facing market competition risks due to the presence of smaller, non-compliant competitors, which could impact its market position if it fails to innovate[98] - The company is exposed to macroeconomic fluctuations that could affect demand for its dyeing services, particularly in the textile industry[99] - The company faces risks related to raw material price volatility, which could significantly impact its cost structure and profit margins[103] - The company is aware of potential trade friction risks, particularly related to U.S. legislation affecting imports from Xinjiang, which could impact demand from its downstream customers[108] Operational Efficiency - The company has implemented a "reasonable inventory + order-driven" production model to balance production and sales effectively[48] - The company has transitioned from a sample-based customization model to a standardized production model, improving efficiency and reducing costs for clients[52] - The company has established a digital management system based on data, aiming for zero defects in cotton yarn production and efficient packaging processes[96] Shareholder Relations - The company held 2 shareholder meetings during the reporting period, ensuring compliance with relevant laws and regulations, and allowing all shareholders, especially minority shareholders, to exercise their voting rights[114] - The company has committed to maintaining shareholder commitments, including a lock-up period for major shareholders post-IPO[166] - The company will not transfer or entrust the management of its shares for 36 months from the date of listing[167] Investment and Expansion - The company plans to upgrade its production line for tube yarn with an investment of CNY 4,800 million, aiming for completion by 2025[189] - The annual production capacity for fiber dyeing is set to reach 30,000 tons, with an investment of CNY 8,500 million, also targeted for completion by 2025[189] - The company is developing a high-quality tube yarn dyeing project with an annual capacity of 60,000 tons, requiring an investment of CNY 3,000 million, expected to be completed by 2025[189]

公募基金方面，本期较上一期持股增加的公募基金共计2个，包括招商量化精选股票发起式A、兴银先 进制造智选混合发起A，持股增加占比达0.14%。本期较上一季度持股减少的公募基金共计2个，包括国 投瑞银瑞利混合(LOF)A、鹏华弘嘉混合A，持股减少占比达0.32%。本期较上一季度新披露的公募基金 共计71个，主要包括国投瑞银远见成长混合A、国投瑞银瑞源混合A、国投瑞银行业睿选混合A、诺安 多策略混合A、金元顺安优质精选灵活配置混合A类等。 2025年4月8日，富春染织(605189.SH)发布2024年年度报告。截至2025年4月07日，共有78个机构投资者 披露持有富春染织A股股份，合计持股量达2468.10万股，占富春染织总股本的16.48%。其中，前十大 机构投资者包括芜湖富春创业投资合伙企业(有限合伙)、芜湖勤慧创业投资合伙企业(有限合伙)、中国 银行股份有限公司-招商量化精选股票型发起式证券投资基金、芜湖富春染织股份有限公司回购专用证 券账户、中国银行股份有限公司-国投瑞银瑞利灵活配置混合型证券投资基金(LOF)、招商银行股份有限 公司-鹏华弘嘉灵活配置混合型证券投资基金、国投瑞银远见成长混合A、国投瑞银 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 全文详见上海证券交易所网站（www.sse.com.cn）。 监事会认为：本次公司使用募集资金向全资子公司富春色纺、湖北富春增资及借款，有利于募投项目的 顺利实施、募集资金使用效率的提高以及效益的充分发挥，符合募集资金使用计划及公司的发展战略和 长远规划，符合公司及全体股东的利益，不存在损害公司和股东尤其是中小股东合法权益的情形。公司 本次向募投项目实施主体进行增资及借款事项履行了公司决策的相关程序，符合《上海证券交易所上市 公司自律监管指引第1号一一规范运作》《上海证券交易所股票上市规则》等法律法规和规范性文件及 《公司章程》等相关规定，相关审议及表决程序合法、有效。因此，我们同意公司此次使用募集资金向 子公司增资及借款实施募投项目事项的实施。 表决结果：3票同意，0票反对，0票弃权。 特此公告。 芜湖富春染织股份有限公司 监事会 2025年4月8日 证券代码：605189 证券简称：富春染织 公告编号：2025-028 转债代码：111005 转债简称：富春转债 芜湖富春染织股份有限公司关于召开2024年度业绩暨现金分红说明会的公告 本公司董事会及全体董事 ...

公司积极稳步推进智能化工厂建设，目前筒染全流程实现自动化、筒子纱从松筒-染色-脱水-烘干-紧筒- 打包-入库全流程实现不落地，该项目为行业首创，项目建成后节省用工30%—40%。 2024年，富春染织（605189）产量、销量、收入都实现了两位数的增长，实现了历史性的突破，其中新 品市场订单增长超120%。报告期内，公司共生产各类筒染色纱12.28万吨，同比增长48%，其中湖北富 春生产4.54万吨；在销售方面，全年公司销售色纱10.93万吨，同比增长28%。全年公司实现营业收入 30.47亿元，同比增长21.38%；实现归属于上市公司股东的净利润1.26亿元，同比增长20.76%；实现归 属于上市公司股东的扣除非经常性损益的净利润1.12亿元，同比增长33.89%。公司拟向全体股东每10股 派现金红利1.80元(含税)，同时以资本公积金向全体股东每10股转增3股。 作为国内领先的色纱生产企业之一，富春染织主营业务为色纱的研发、生产和销售。公司产品以色纱为 主，即将胚纱经过染整加工后，络成适合袜机、圆纬机、横机、梭织机等纺织机械使用的筒形纱线，广 泛应用于袜业、毛巾、毛衫、圆机、梭机、家纺等领域，公司的3万吨 ...

4月7日富春染织发布2024年度分配预案，拟10转增3派1.8元（含税）。 证券时报·数据宝统计显示，公司今日公布了2024年报，共实现营业收入30.47亿元，同比增长21.38%， 实现净利润1.26亿元，同比增长20.76%，基本每股收益为0.82元，加权平均净资产收益率为6.84%。 资金面上看，该股今日主力资金净流入55.88万元，近5日主力资金净流入122.28万元。 截至发稿，共有914家公司公布了2024年度分配方案，其中分配方案中包含送转的有63只，送转方案公 布当日股价上涨的有31只，涨停的有电工合金、美能能源、振邦智能等，方案公布后5日股价上涨的有 22只，累计涨幅居前的有星图测控、雷尔伟、中兴商业等，累计涨幅为37.05%、23.16%、20.79%。 （数据宝） 富春染织上市以来分配方案概览 | 日期 | 每10股送转（股） | 每10股派现（元） | 净利润（万元） | 净利润同比（%） | | --- | --- | --- | --- | --- | | 2024.12.31 | 3.00 | 1.80 | 12609.89 | 20.76 | | 2023.12.31 | 0. ...