北京石头世纪科技股份有限公司 证券代码：688169 证券简称：石头科技 公告编号：2024-055 关于公司2024年事业合伙人持股计划完成非交易过户的公告 第一个解锁期：为自公司公告最后一笔标的股票过户至本员工持股计划名下 之日起的12个月后，解锁的标的股票对应股份数量为本员工持股计划所持标的股 票总数的25%； 第二个解锁期：为自公司公告最后一笔标的股票过户至本员工持股计划名下 之日起的24个月后，解锁的标的股票对应股份数量为本员工持股计划所持标的股 票总数的25%； 第三个解锁期：为自公司公告最后一笔标的股票过户至本员工持股计划名下 之日起的36个月后，解锁的标的股票对应股份数量为本员工持股计划所持标的股 票总数的25%； 第四个解锁期：为自公司公告最后一笔标的股票过户至本员工持股计划名下 之日起的48个月后，解锁的标的股票对应股份数量为本员工持股计划所持标的股 票总数的25%。 公司将持续关注本员工持股计划的实施进展情况，并按照相关法律法规的规 定及时履行信息披露义务。敬请广大投资者注意投资风险。 特此公告。 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 ...

证券研究报告|公司点评报告 [Table_Date] 2024 年 07 月 15 日 [Table_Title] 24Q2 外销较快增长,业绩符合预期 [Table_Title2] 石头科技(688169) [Table_Summary] 事件概述 石头科技 24H1 业绩预告 24H1 预计实现归母净利润 10~12 亿元,同比+35.24%~ +62.29%;扣非归母净利润 8~9.5 亿元,同比+21.17%~ +43.89%。 对应 24Q2 归母净利润 6.01~8.01 亿 元,同比+12.3%~ +49.7%;扣非归母净利润 4.58~6.08 亿元,同比-7.9%~ +22.2%。 分析判断 收入端:预计海外表现好于国内。内销:根据奥维数据,24Q2 石头品牌扫地机线上销售额增速为 9.4%,份额第一为 27%。外 销:公司持续践行"走出去"战略,产品凭借突出的产品性能 和技术优势,并依赖于完善的产品价位段,进一步精细渠道布 局,积极拓展并深入挖掘全球市场份额。同时,受益于海外消 费需求快速增长,境外收入实现较快增长。 利润端:24Q2 业绩总体符合预期,归母净利润增速与扣非归母 增速差距系 ...

公 司 报 告│ 公 司 点 评 研 究 石头科技(688169) 2024 年中报业绩预告点评: 业绩延续较快增长,税收优惠增厚利润 事件: 石头科技披露 2024 年中报业绩预告:公司 2024 年上半年预计实现归母净 利润 10.0 至 12.0 亿,同比+35.2%至+62.3%,扣非净利润 8.0 至 9.5 亿, 同比+21.2%至+43.9%;其中 2024 年二季度预计实现归母净利润 6.0 至 8.0 亿,同比+12.3%至+49.7%,扣非净利润 4.6 至 6.1 亿,同比-7.9%至+22.2%。 ➢ 第二曲线表现亮眼,全球份额持续提升 分内外销来看,内销方面,奥维数据显示 618 期间扫地机行业线上销额(含 抖音)同比+16.6%,在此基础上石头销额份额总体平稳,叠加公司洗烘一 体机表现亮眼,奥维数据显示公司当季线上洗衣机销量突破 2.5 万台,综 合看公司当季内销收入同比或达+20%;外销方面,公司属国化以及线上渠 道运营成效可观,渠道覆盖度持续提升,叠加产品价位段进一步完善,我 们认为公司正积极拓展并深入挖掘全球市场份额,境外收入增速快于境内。 ➢ 业绩延续较快增长,税收优惠增厚 ...

公司报告 | 公司点评 外销快速增长,利润水平中值增速基本稳定 事件:公司发布 2024 年半年度业绩预增公告,2024H1 实现归属于母公司 所有者的净利润为 10~12 亿元,同比增长 35.24%~62.29%。2024H1 实现归 属于母公司所有者的扣除非经常性损益的净利润为 8~9.5 亿元,同比增长 21.17%~43.89%。其中 24Q2 实现归母净利润 6~8 亿元,同比 12.3%~49.7%; 实现扣非归母净利润 4.6~6.1 亿元,同比-7.9%~22.2%。 内外销收入增速较好,Q2 快速增长 我们预计 Q2 内外销增速保持较好增长。内销方面,根据奥维数据显示, 24M4+5 扫地机+洗地机销额同比为+25%。外销方面,受益于海外消费需求 快速增长,境外收入实现较快增长。公司持续践行"走出去"战略,公司 产品凭借突出的产品性能和技术优势,并依赖于完善的产品价位段,进一 步精细渠道布局,积极拓展并深入挖掘全球市场份额。 利润水平中值增速基本稳定,公司获得重软补贴 公司 24Q2 实现归母净利润 6~8 亿元,同比 12.3%~49.7%;实现扣非归母净 利润 4.6~6.1 亿元,同 ...

然后我们就快点开始然后马上开始然后快点结束主要还是想给大家讲一下就是石头科技他中报市场的预期是之前是什么样的一个情况然后以及怎么去看待这个中报的一个预告然后以及当前该如何去操作 首先我们先就是大家可能会比较好奇就是为什么就是突然间发了这个业绩预告我们觉得的话主要还是为了响应这个维护这个市场然后交易所这边的话也希望这种就是中报的这个利润增速在50%以上这样的一些优秀的公司能够去发这个业绩预告然后像石头的话因为一季度增速也非常高嘛 整个更曝这个就是一二纪录加在一起的话这个利润的话是就是预计的话是能超过50%然后也是响应这个交易所的一个号召嘛然后就发了这样的一个一个举告但是因为石头也有非常的一个就是比较复杂嘛这个不同的区域然后线上线下然后还有不同品类 所以确实发的也比较着急就是也没有那么细的一个数据毕竟目前这个时点的话就是大家可以问一下就是很多商业公司都还没有在就是中报这个财务数据还没有梳理好所以给的这个业绩预告周数也比较宽泛一些主要原因的话就是我说的就是要讲教所这边就是这种业绩好的公司要发预告但是另外一方面的话业务也比较多然后也没有做特别充分的一个准备所以这个预告区间会大一些 那这边的话之前就是也有投资人问嘛就是 ...

Investment Rating - The investment rating for the company is "Buy" with a target price of RMB 491.00 [4][10]. Core Views - The company is expected to achieve a net profit of RMB 1 billion to 1.2 billion in the first half of 2024, representing a year-on-year growth of 35.24% to 62.29% [4]. - The company maintains a strong market position, with a significant increase in its online sales and market share in the domestic market [6]. - The company is accelerating its global operations and expanding its product offerings, which is expected to enhance its growth trajectory [7]. Summary by Sections Performance Forecast - The company forecasts an EPS of RMB 19.64, RMB 22.62, and RMB 25.90 for the years 2024, 2025, and 2026 respectively [4]. - The expected PE ratio for 2024 is set at 25 times, based on the company's product advantages and performance elasticity [4]. Market Position - The company has achieved the highest market share in the domestic market for vacuum cleaners, with a sales market share of 27.02% in Q2 [6]. - The online retail volume and revenue growth for the company in Q2 were 5.6% and 9.4% year-on-year respectively [6]. Global Expansion - The company is enhancing its global operations by expanding into overseas key account retail channels and introducing new product lines [7]. - The Q Revo series products are priced around USD 1,000, complementing existing product lines and facilitating broader market penetration [7]. Employee Incentives - The company has implemented a stock incentive plan to motivate employees, granting 54,000 restricted stocks and allowing for a maximum of 171,000 shares to be held under the employee stock ownership plan [8].

石头科技( [Table_StockNameRptType] 688169) 公司点评 剔除退税影响,业绩总体符合预期 ——石头科技 2024H1 业绩预告点评 | --- | --- | |----------------------------|-------------| | [Table_Rank] | | | 报告日期: | | | [Table_BaseData]收盘价(元) | 376.62 | | 近 12 个月最高/ | 470.0/238.0 | | 总股本(百万股) | 132 | | 流通股本(百万股) | 132 | | 流通股比例(%) | 100.00 | | 总市值(亿元) | 496 | | 流通市值(亿元) | 496 | [公司价格与沪深 Table_Chart] 300 走势比较 -28% 3% 34% 65% 96% 7/23 10/23 1/24 4/24 石头科技 沪深300 [Table_Author] 分析师:邓欣 执业证书号:S0010524010001 邮箱:dengxin@hazq.com 联系人:成浅之 执业证书号:S0010124040029 邮箱: ...

Investment Rating - The investment rating for the company is "Buy" [4] Core Views - The company has released a performance forecast for H1 2024, indicating a net profit attributable to shareholders of 1 to 1.2 billion yuan, representing a year-on-year growth of 35.24% to 62.29%. The Q2 net profit is expected to be between 600 million to 800 million yuan, showing a year-on-year increase of 12.4% to 49.7% [10] - The company is expected to maintain its leading position in the market, with domestic sales continuing to reduce costs and expand market share, while international sales are progressing with localized operations [3][10] - The target price is set at 507.63 yuan, corresponding to a PE ratio of 25x for 2024 [4] Financial Summary - The company forecasts earnings per share (EPS) for 2024-2026 to be 20.31, 24.03, and 28.23 yuan, with growth rates of +30%, +18%, and +17% respectively [10] - The total revenue for 2024 is projected to be 11.423 billion yuan, with a year-on-year growth of 32.0% [10] - The net profit attributable to shareholders for 2024 is estimated at 2.672 billion yuan, reflecting a growth of 30.3% [10] - The company’s net asset return rate (ROE) is expected to reach 20.3% in 2024, increasing to 21.2% by 2026 [10][12] Market Position - The company’s market share in domestic online sales during the 618 promotion is expected to rise from 28% in 2023 to 30% in 2024, demonstrating strong product competitiveness and cost reduction capabilities [10] - The company has entered new offline locations in North America, including Target and BestBuy, which will support high growth in that region [10]

公司快报 2024 年 07 月 13 日 石头科技(688169.SH) 剔除退税影响,Q2 业绩保持较快增长 事件:公司发布 2024 年半年度业绩预增公告。预计 2024 年上 半年实现归母净利润 10.0 亿元~12.0 亿元,YoY+35.2%~+62.3%; 经折算,预计 Q2 单季度实现归母净利润 6.0 亿元~8.0 亿元, YoY+12.4%~+49.7%。公司深入挖掘全球市场份额,海外收入保持 较快增长,业绩稳步提升。展望后续,我们看好石头科技在全球 市场的竞争力,较强的创新能力有望推动公司打开第二成长曲线。 Q2 扫地机业务保持稳定增长:根据奥维数据,Q2 石头扫地机线 上销售额 YoY+9%,销量 YoY+6%,均价 YoY+4%。在国内整体消费 景气低迷情况下,公司国内销售仍然保持稳定增长。海外扫地机 行业维持高景气,根据 Google Trends 数据,Q2 扫地机全球搜索 热度 YoY+14%。石头在海外市场搭建本地团队,做深本土营销、 做精本土用户运营,竞争力不断加强。渠道方面,公司在北美线 下渠道实现突破,已进入 Target、Bestbuy 线下网点。 Q2 业绩保持较快 ...

Financial Performance Forecast - For the first half of 2024, the company expects a net profit attributable to shareholders of the parent company to be between 1,000 million and 1,200 million CNY, representing a year-on-year increase of 26.06 million to 46.06 million CNY, or a growth of 35.24% to 62.29%[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be between 800 million and 950 million CNY, an increase of 13.98 million to 28.98 million CNY compared to the same period last year, reflecting a growth of 21.17% to 43.89%[2] - The net profit for the same period last year was 739.42 million CNY[3] - The net profit after deducting non-recurring gains and losses for the same period last year was 660.25 million CNY[3] Market Expansion and Tax Benefits - The company has been actively expanding its global market share, benefiting from strong overseas consumer demand, which has led to rapid growth in overseas revenue[5] - The company's wholly-owned subsidiary received a preferential tax rate due to recognition as a key software enterprise, positively impacting net profit[5] Performance Forecast Reliability - The performance forecast is based on preliminary calculations by the company's finance department and has not yet been audited by registered accountants[6] - The company has not identified any significant uncertainties that could affect the accuracy of the performance forecast[6] - Investors are advised to pay attention to investment risks as the forecast data is preliminary and subject to change upon the official release of the 2024 semi-annual report[7]