证券代码：000521、200521 证券简称：长虹美菱、虹美菱Ｂ 公告编号：2024-053 长虹美菱股份有限公司 关于召开 2024 年第二次临时股东大会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 经长虹美菱股份有限公司（以下简称"公司"或"本公司"）第十一届董事 会第三次会议审议通过,公司决定于2024年10月29日召开2024年第二次临时股东 大会。现将会议的有关事项公告如下： 一、召开会议的基本情况 （一）股东大会届次：2024年第二次临时股东大会 （二）本次股东大会召开的日期、时间 1.现场会议召开时间为：2024年10月29日（星期二）下午13:30开始 （七）投票规则：股东投票表决时同一股份只能选择现场投票、深圳证券交 易所交易系统投票、深圳证券交易所互联网系统投票中的一种，不能重复投票。 具体规则为：同一股东通过深圳证券交易所交易系统、互联网投票系统和现场投 票辅助系统中任意两种以上方式重复投票的，以第一次有效投票结果为准。 （八）本次股东大会出席对象 1.在股权登记日持有公司股份的普通股股东或其代理人，本次股东大会的A 股股权登 ...

证券代码：000521、200521 证券简称：长虹美菱、虹美菱Ｂ 公告编号：2024-050 长虹美菱股份有限公司 关于开展资产池业务的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 根据长虹美菱股份有限公司（以下简称"公司"或"本公司"）经营管理的 需要，为减少资金占用，提高资金使用效率，经公司于2024年10月11日召开的第 十一届董事会第三次会议决议通过，同意公司及下属子公司向浙商银行股份有限 公司合肥分行申请最高5亿元人民币资产池专项授信额度，向渤海银行股份有限 公司合肥分行申请最高3亿元人民币资产池专项授信额度，授信期限均为一年。 根据《深圳证券交易所股票上市规则》及本公司《授权管理制度》《公司章 程》等相关规定，本次资产池业务的开展，将使公司最近12个月内向商业银行申 请资产池专项授信额度超过公司最近一期经审计净资产的10%，故本事项尚需提 交公司2024年第二次临时股东大会审议。现将相关情况说明如下： 一、资产池业务情况概述 1.业务概述 "资产池"是合作金融机构为本公司及控股子公司提供的集资产管理与融资 服务等功能于一体的综合金融服务平 ...

证券代码：000521、200521 证券简称：长虹美菱、虹美菱Ｂ 公告编号：2024-048 长虹美菱股份有限公司 关于收购合肥长虹实业有限公司股权暨关联交易的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 重要内容提示： 1.交易简述：长虹美菱股份有限公司（以下简称"公司"、"本公司"或"长 虹美菱"）拟以自有资金 371,282,909.96 元收购四川长虹电器股份有限公司（以 下简称"四川长虹"）持有的合肥长虹实业有限公司（以下简称"合肥实业"） 99%股权。同时，公司全资子公司合肥美菱物联科技有限公司（以下简称"物联 科技"）拟以自有资金 3,750,332.42 元收购四川长虹创新投资有限公司（以下 简称"长虹创投"）持有的合肥实业 1%股权。本次交易完成后，合肥实业将成 为公司合并表范围内的全资子公司。 2.本次交易构成关联交易，但不属于《上市公司重大资产重组管理办法》规 定的重大资产重组。 3.本次交易尚需提交公司股东大会审议。 一、关联交易概述 （一）本次关联交易基本情况 根据公司战略发展规划和经营需要，为满足公司中高端冰箱扩能、自有物 ...

长虹美菱股份有限公司 第十一届监事会第三次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 1.长虹美菱股份有限公司（以下简称"公司"或"本公司"）第十一届监事 会第三次会议通知于 2024 年 10 月 9 日以电子邮件方式送达全体监事。 证券代码：000521、200521 证券简称：长虹美菱、虹美菱Ｂ 公告编号：2024-047 本次关联交易遵循自愿、公平合理、协商一致的原则，满足公司中高端冰箱 扩能、自有物流仓库扩建、未来家电家居一体化产业布局等需求，解决产业发展 和资源紧缺问题。本次关联交易不会影响公司的独立性，没有损害公司及其他非 关联股东尤其是中小股东的利益。 本事项履行的审议程序合法、合规，不存在损害公司及全体股东尤其是中小 股东利益的情形。 表决结果：同意 3 票，反对 0 票，弃权 0 票。 2.会议于2024年10月11日以通讯会议方式召开。 3.会议应出席监事3名，实际出席监事3名。 4.会议由监事会主席邱锦先生主持，监事马羽先生、季阁女士以通讯表决方 式出席了本次监事会。 5.本次会议的召开符合《公 ...

Investment Rating - The investment rating for the company is "Outperform the Market" [2] Core Views - The company reported a revenue of 14.948 billion yuan for H1 2024, representing a year-on-year increase of 16.52%. The net profit attributable to shareholders was 415 million yuan, up 15.91% year-on-year [6][7] - The company is focusing on enhancing its product structure and channel layout, particularly in the refrigerator and air conditioning segments, which are expected to drive revenue growth [6][9] - The company aims to deepen its smart and high-end product offerings, particularly in the refrigerator segment, while also expanding its brand presence in overseas markets [7][9] Financial Performance - For H1 2024, the company achieved an operating cash flow of 2.728 billion yuan, a significant increase of 93.42% year-on-year [6] - The overall gross margin for H1 2024 slightly decreased by 1.58 percentage points to 11.28% [6] - The company expects net profits for 2024-2026 to be 830 million, 940 million, and 1.07 billion yuan respectively, with year-on-year growth rates of 12%, 14%, and 14% [7][14] Product Segmentation - Revenue from the refrigerator segment reached 4.739 billion yuan in H1 2024, up 12.18% year-on-year, while the air conditioning segment generated 8.5 billion yuan, a 21.47% increase [6] - The washing machine segment saw a revenue increase of 40.65% year-on-year, totaling 784 million yuan [6] - The company’s domestic and overseas revenues for H1 2024 were 10.13 billion yuan and 4.817 billion yuan, respectively, reflecting increases of 14.56% and 23.78% year-on-year [6] Market Comparison - The company’s stock price has fluctuated between 5.45 and 12.64 yuan over the past 52 weeks, with a closing price of 10.90 yuan as of September 30, 2024 [2] - The company’s performance has outpaced the market index, with a relative increase of 8.6% over the past month [4] Valuation - The company is expected to have a price-to-earnings (P/E) ratio of 13-16x for 2024, translating to a reasonable value range of 10.40 to 12.80 yuan per share [7][14]

MELiNG 美菱 证券代码：000521 200521 证券简称：长虹美菱 虹美菱 B 长虹美菱股份有限公司投资者关系活动记录表 编号：2024-31 | --- | --- | --- | |-----------------------|----------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | √特定对象调研 | □分析师会议 | | 投资者关系活 | | □媒体采访 □业绩说明会 | | 动类别 | | □新闻发布会 ...

MELiNG 美菱 证券代码：000521 200521 证券简称：长虹美菱 虹美菱 B 长虹美菱股份有限公司投资者关系活动记录表 编号：2024-30 | --- | --- | --- | |---------------------|------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | √特定对象调研 | □分析师会议 | | 投资者关系活 | | □媒体采访 □业绩说明会 | | 动类别 | | □新闻发布会 □路演活动 | | | | ...

Investment Rating - The report gives Changhong Meiling a "Buy" rating with a target price of 10.29 CNY per share, based on a 13x PE multiple for 2024 [4] Core Views - Changhong Meiling's revenue growth is stable, with profits continuously recovering and converting cash flow into high-quality earnings [2] - The company's net profit attributable to the parent company reached 740 million CNY in 2023 and 415 million CNY in H1 2024, with year-on-year growth of 203% and 15.91% respectively [2] - The gross profit margin for refrigerators is relatively high, with overall gross margins of 13.94% in 2023 and 11.28% in H1 2024 [2] - The company has a significant presence in both domestic and international markets, with strong growth potential in emerging markets [2] Domestic Sales - Refrigerator sales remain stable, with domestic revenue of 5.3 billion CNY in 2023 and 2.5 billion CNY in H1 2024 [2] - Air conditioner sales have shown steady growth, with domestic revenue increasing by 16.7% in 2023 and 23% in H1 2024, reaching 7.8 billion CNY and 5.9 billion CNY respectively [2] - The company's product strategy focuses on "fresh, thin, large, and embedded" features, which have been well-received in the market [2] International Sales - The company is focusing on emerging markets, with air conditioner export net profits of 160 million CNY in 2023 and 50 million CNY in H1 2024, with net profit margins of 4.29% and 1.81% respectively [2] - Refrigerator export revenue grew by 84% in 2023 and 29.4% in H1 2024, reaching 3.8 billion CNY and 2.2 billion CNY respectively [2] - The company's overseas refrigerator business is expected to continue growing, driven by product upgrades and market demand [2] Profit Forecast and Investment Recommendation - The company's net profit attributable to the parent company is expected to grow by 10%, 13.7%, and 12.2% from 2024 to 2026, with corresponding PE ratios of 12x, 10.56x, and 9.41x [2] - The company's cost reduction and efficiency improvement measures are expected to drive continuous profit recovery [2] Historical Performance and Strategic Initiatives - The company implemented a five-year performance incentive plan from 2012 to 2016, which significantly boosted employee motivation and contributed to profit growth [2] - The company has undergone management changes and strategic reforms, focusing on product innovation, brand promotion, and channel construction [50] - The company's strategy includes efficiency improvement, product leadership, and cost reduction through benchmarking and supply chain optimization [56]

MELiNG 美菱 证券代码：000521 200521 证券简称：长虹美菱 虹美菱 B 长虹美菱股份有限公司投资者关系活动记录表 编号：2024-29 | --- | --- | --- | --- | --- | |---------------------|------------------------------|------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------| | | | | | | | | √特定对象调研 | □分析师会议 | | | | 投资者关系活 | | □媒体采访 □业绩说明会 | | | | 动类别 | | □新闻发布 ...

MELiNG 美菱 证券代码：000521 200521 证券简称：长虹美菱 虹美菱 B 长虹美菱股份有限公司投资者关系活动记录表 编号：2024-28 | --- | --- | |----------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | √特定对象调研 □分析师会议 | | 投资者关 系活 | □媒体采访 □业绩说明会 | | 动类别 | ...