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证券代码：688789 证券简称：宏华数科 公告编号：2024-039 杭州宏华数码科技股份有限公司 关于首次公开发行部分限售股上市流通公告 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： 本次股票上市类型为首发限售股份；股票认购方式为网下，上市股数为 49,520,245 股。 本次股票上市流通总数为 49,520,245 股。 本次股票上市流通日期为 2024 年 7 月 8 日。 一、本次上市流通的限售股类型 根据中国证券监督管理委员会于 2021 年 6 月 1 日出具的《关于同意杭州宏华 数码科技股份有限公司首次公开发行股票注册的批复》（证监许可〔2021〕1878 号）， 同意杭州宏华数码科技股份有限公司（以下简称"公司"或"宏华数科"）首次公 开发行股票的注册申请。公司首次向社会公众公开发行人民币普通股（A 股）股票 19,000,000 股，并于 2021 年 7 月 8 日在上海证券交易所科创板上市，发行完成后 总股本为 76,000,000 股，其中有限售条件流通股 60,559,635 ...

中信证券股份有限公司 关于杭州宏华数码科技股份有限公司 首次公开发行部分限售股上市流通的核查意见 中信证券股份有限公司（以下简称"中信证券"或"保荐人"）作为杭州宏 华数码科技股份有限公司（以下简称"宏华数科"或"公司"）持续督导的保荐 人，根据《中华人民共和国公司法》《中华人民共和国证券法》《证券发行上市 保荐业务管理办法（2023 年修订）》以及《上海证券交易所科创板股票上市规 则》等相关规定，对公司首次公开发行部分限售股上市流通事项进行了核查，具 体情况及核查意见如下： 一、本次上市流通的限售股类型 根据中国证券监督管理委员会于 2021 年 6 月 1 日出具的《关于同意杭州宏 华数码科技股份有限公司首次公开发行股票注册的批复》（证监许可〔2021〕1878 号），同意杭州宏华数码科技股份有限公司（以下简称"公司"或"宏华数科"） 首次公开发行股票的注册申请。公司首次向社会公众公开发行人民币普通股（A 股）股票 19,000,000 股，并于 2021 年 7 月 8 日在上海证券交易所科创板上市， 发行完成后总股本为 76,000,000 股，其中有限售条件流通股 60,559,635 股，无限 售 ...

Summary of the Conference Call on Honghua Digital Technology Company Overview - Honghua Digital Technology has over 30 years of experience in the digital printing industry, focusing on the research and production of inkjet printing equipment and inks [3][4] - In 2023, over 50% of the company's revenue came from digital printing machines, while inks accounted for over 30% [4] - The company has expanded its business to include digital printing equipment and automated sewing equipment through acquisitions [4][5] Industry Insights - Honghua is characterized as a global company with a significant export market, with foreign sales surpassing domestic sales in 2023, increasing from 39% in 2019 to 53.64% in 2023 [5][6] - The primary applications of Honghua's products are in textile printing, including clothing and decorative items, with expansions into building materials and packaging [6][7] Product Differentiation - The company offers two main types of printing machines: direct-to-fabric (DTF) printers and transfer printers, with DTF printers being more complex and costly due to higher quality requirements [7][9] - The single-pass printing technology is highlighted for its speed, achieving up to 14,000 square meters per day compared to 500 square meters per hour for traditional DTF printers [13][14] Financial Performance - The company has shown stable revenue growth, with a 40% increase in 2023, recovering from the impacts of the pandemic in 2022 [18][19] - Profit growth reached 34% in 2023, with stable gross and net profit margins [19][20] - The company has implemented stock buybacks and equity incentives, aiming for over 30% growth in the next three years [17][21] Market Trends - The digital printing industry is transitioning from traditional methods, with digital printing's penetration rate in China around 11.4% as of 2021, indicating significant growth potential [44][45] - The global market shows varying penetration rates, with Europe at 25-26% due to a focus on high-end products [34][35] - The cost of digital printing is decreasing, with projections indicating that it may soon match or even undercut traditional printing costs [36][38] Future Outlook - The textile and apparel market is expected to recover in 2024, with reduced inventory pressures and a focus on efficiency for profitability [48][49] - The demand for digital printing is anticipated to grow as consumer preferences shift towards more diverse and personalized products, driven by advancements in technology and design [56][59] - The integration of AI in design processes is expected to enhance the richness of patterns and colors available in textile printing, further supporting the growth of digital printing technologies [58][59] This summary encapsulates the key points discussed in the conference call regarding Honghua Digital Technology and the digital printing industry, highlighting the company's strengths, market dynamics, and future growth potential.

Summary of Conference Call Company/Industry Involved - The conference call was conducted by Guotou Securities Co., Ltd. [1] Core Points and Arguments - The meeting was restricted to a whitelist of clients, indicating a selective approach to information dissemination [1] - There are strict confidentiality requirements, with legal repercussions for any unauthorized disclosure of the meeting content [1] Other Important but Possibly Overlooked Content - The emphasis on confidentiality suggests that the information discussed may contain sensitive or strategic insights relevant to investors [1]

证券代码：688789 证券简称：宏华数科 公告编号：2024-037 杭州宏华数码科技股份有限公司 现金分红总额调整情况：杭州宏华数码科技股份有限公司（以下简称"公司"） 拟向全体股东每 10 股派发现金红利 5.00 元（含税）不变，拟派发现金红利总额由 59,786,068.00 元（含税）调整为 60,218,568.00 元（含税）。 资本公积转增股本总额调整情况：公司拟以资本公积金向全体股东每 10 股 转增 4.9 股不变，拟转增股本的数量由 58,590,346 股调整为 59,014,196 股（最终 转增股数及总股本数以中国证券登记结算有限公司上海分公司最终登记结果为准， 如有尾差，系取整所致）。 本次调整原因：公司自 2023 年度利润分配及资本公积转增股本方案披露后 至本公告披露日，因完成 2024 年员工持股计划非交易过户相关手续，可参与利润分 配及资本公积转增股本的总股本由 119,572,136 股增加至 120,437,136 股。公司维 持每股分配（转增）比例不变，相应调整分配（转增）总额。 一、调整前利润分配、资本公积转增股本方案 公司于 2024 年 4 月 26 日召开 ...

证券代码：688789 证券简称：宏华数科 公告编号：2024-038 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。 2024 年 1 月 1 日至 2024 年 6 月 30 日。 2024 年半年度业绩预告的自愿性披露公告 （二）业绩预告情况 1、经财务部门初步测算，预计杭州宏华数码科技股份有限公司 2024 年半年度 实现营业收入 76,000 万元至 81,000 万元，与上年同期相比，将增加 20,034.05 万 元至 25,034.05 万元，同比增长 35.80%至 44.73%。 3、预计 2024 年半年度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 18,000 万元至 20,500 万元，与上年同期相比，将增加 3,454.49 万元至 5,954.49 万元，同比增长 23.75%至 40.94%。 （三）本次业绩预告未经注册会计师审计。 2023 年半年度，公司实现营业收入 55,965.95 万元；归属于母公司所有者的净 利润 14,778.41 万元；归属于母公司所有者的扣除非经常 ...

杭州宏华数码科技股份有限公司 关于持股 5%以上股东以大宗交易方式转让股份完 证券代码：688789 证券简称：宏华数科 公告编号：2024-036 本公司董事会、全体董事及相关股东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。 1 一、减持主体减持前基本情况 重要内容提示： 股东持股的基本情况 本次转让股份计划实施前，杭州宏华数码科技股份有限公司（以下简称"公 司"或"宏华数科"）持股 5%以上股东浙江新湖智脑投资管理合伙企业（有限合 伙）（以下简称"新湖智脑"）持有 14,501,910 股股份，占公司总股本的 12.04%。 上述股份来源为公司首次公开发行股票并上市前取得及上市后以资本公积转增 股本取得的股份，且已于 2022 年 7 月 8 日起上市流通。 减持计划的实施结果情况 成的公告 2024 年 5 月 15 日，公司在上海证券交易所网站（www.sse.com.cn）披露了 《杭州宏华数码科技股份有限公司关于持股 5%以上股东以大宗交易方式转让股 份的提示性公告》（公告编号：2024-028），公司股东新湖智脑因自身资金需求 ...

Investment Rating - The report assigns a "Buy-A" rating to the company, with a target price of 124.25 CNY, corresponding to a 35x dynamic PE for 2024 [17]. Core Insights - The company is positioned as a leading player in the digital printing industry, leveraging its strong technological capabilities and R&D investments to drive growth and expand its product matrix [12][17]. - The digital printing technology offers significant advantages in terms of pattern complexity and color richness compared to traditional printing methods, which is expected to enhance market penetration in the apparel manufacturing sector [12][39]. - The company has seen a substantial increase in R&D spending, reaching 90.1 million CNY in 2023, a year-on-year growth of over 50%, which supports the launch of innovative products like the Eco Print digital printing machine [13]. Summary by Sections Company Overview - The company has over 30 years of experience in the textile industry, evolving from software development to a comprehensive digital printing equipment manufacturer [51][53]. - It has established a stable shareholding structure and a technically proficient management team [60]. Industry Analysis - The digital printing industry is characterized by a significant growth potential, with a low penetration rate in Asia compared to Europe, indicating room for expansion [39][46]. - The report highlights the increasing demand for digital printing due to its efficiency in small-batch and personalized production, as well as its environmental benefits [38][69]. Financial Performance - The company has shown stable growth in revenue, with a projected net profit of 4.3 billion CNY in 2024, increasing to 6.9 billion CNY by 2026 [17][33]. - The gross margin for digital printing equipment is expected to improve, reflecting the company's strategic focus on upstream supply chain integration [33][72]. Product Development - The company is continuously innovating its product offerings, with a focus on enhancing the performance of its digital printing machines to align with international standards [12][17]. - Recent product launches include the Eco Print machine, which is designed to be more energy-efficient and environmentally friendly [13]. Market Outlook - The report anticipates that the company will benefit from ongoing technological advancements and equipment upgrades in the downstream dyeing industry, leading to a gradual increase in market share [17][39]. - The digital printing market is expected to grow significantly, driven by the increasing adoption of digital technologies in textile printing [39][46].

Financial Performance - In 2023, the company achieved operating revenue of 125,816.30 million yuan, a year-on-year increase of 40.65% [3] - The net profit attributable to shareholders was 32,526.15 million yuan, up 33.83% from the previous year [3] - As of December 31, 2023, total assets reached 355,387.23 million yuan, an increase of 73.97% year-on-year [3] - Net assets attributable to shareholders were 284,612.50 million yuan, reflecting a growth of 68.89% [3] - In Q1 2024, operating revenue was 36,849.32 million yuan, a 30.23% increase year-on-year, with net profit of 8,652.48 million yuan, up 34.95% [3] Investment Projects - The company’s IPO fundraising project for an annual production of 2,000 sets of digital printing equipment has officially commenced production [4] - The project for an annual production of 3,520 sets of industrial digital printing equipment is in the construction phase, with completion expected in the second half of 2024 [4] - The new projects will expand production capacity to approximately 5,520 units, establishing the largest digital printing equipment production base globally [4] Product Development and Market Strategy - The company focuses on continuous product updates based on customer needs, aiming to maintain competitiveness [5] - New product promotion primarily occurs through participation in domestic and international trade shows [5] - The company is expanding into non-textile fields, achieving significant progress in digital book printing [6] Cost Management and Pricing Strategy - The increase in market demand for ink has led to a reduction in costs, allowing the company to pass some savings to customers [5] - The company plans to maintain competitive pricing for its ink products while expanding its business scale [5] Employee Stock Ownership Plan - The employee stock ownership plan launched in April 2024 has a subscription price of 51 yuan per share [7] - Performance indicators for unlocking shares are based on net profit growth, with a target of no less than 30% for 2024 and a cumulative growth rate of no less than 200% over 2024 and 2025 [7] Communication and Compliance - The company ensured thorough communication with investors during the meeting, adhering to regulations for information disclosure [7]