证券代码：000521、200521 证券简称：长虹美菱、虹美菱Ｂ 公告编号：2024-062 长虹美菱股份有限公司 第十一届监事会第五次会议决议公告 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 会第五次会议通知于 2024 年 11 月 2 日以电子邮件方式送达全体监事。 二、监事会会议审议情况 审议通过《关于四川虹云新一代信息技术创业投资基金合伙企业（有限合 伙）延期暨关联交易的议案》 监事会认为：公司本次延长四川虹云新一代信息技术创业投资基金合伙企业 （有限合伙）存续期 1 年（具体到期日以工商登记为准），且与其他各合伙人签 署《四川虹云新一代信息技术创业投资基金合伙企业（有限合伙）合伙协议修正 案》，该事项符合基金的实际投资情况，有利于实现基金投资收益最大化，保障 基金合伙人的利益。公司无需投入新的资金，对上市公司经营不会产生重大影响， 符合全体股东的利益，不存在损害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。 三、备查文件 ...

证券代码：000521、200521 证券简称：长虹美菱、虹美菱Ｂ 公告编号：2024-061 长虹美菱股份有限公司 第十一届董事会第五次会议决议公告 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。 一、董事会会议召开情况 1.长虹美菱股份有限公司（以下简称"公司"或"本公司"）第十一届董事 会第五次会议通知于 2024 年 11 月 2 日以电子邮件方式送达全体董事。 2.会议于 2024 年 11 月 4 日以通讯方式召开。 二、董事会会议审议情况 审议通过《关于四川虹云新一代信息技术创业投资基金合伙企业（有限合 伙）延期暨关联交易的议案》 本议案提交董事会审议前，已经独立董事专门会议审议通过，并同意将该议 案提交公司第十一届董事会第五次会议审议。 公司与控股股东四川长虹电器股份有限公司（以下简称"四川长虹"）、四川 长虹佳华数字技术有限公司（以下简称"佳华数字"）及其他投资机构共同出资 设立的四川虹云新一代信息技术创业投资基金合伙企业（有限合伙）（以下简称 "虹云基金"或"基金"）成立于 2015 年 10 月 19 日，存续期为 9 年，已于 2024 ...

证券代码：000521、200521 证券简称：长虹美菱、虹美菱Ｂ 公告编号：2024-063 合伙）延期暨关联交易的公告 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。 2024 年 11 月 4 日，长虹美菱股份有限公司（以下简称"公司"或"本公司"） 召开第十一届董事会第五次会议、第十一届监事会第五次会议，分别审议通过《关 于四川虹云新一代信息技术创业投资基金合伙企业（有限合伙）延期暨关联交易 的议案》，会议同意四川虹云新一代信息技术创业投资基金合伙企业（有限合伙） （以下简称"虹云基金"或"基金"）将存续期延长 1 年（具体到期日以工商登 记为准），累计存续期为 10 年。同意公司与其他各合伙人签署《四川虹云新一 代信息技术创业投资基金合伙企业（有限合伙）合伙协议修正案》（以下简称"《合 伙协议修正案》"），对《四川虹云新一代信息技术创业投资基金合伙企业（有 限合伙）合伙协议》(以下简称"《合伙协议》")第八条、第十条进行修订。现 将虹云基金延期情况公告如下。 一、关联交易概述 （一）本次关联交易基本情况 长虹美菱股份有限公司 关于四川虹云新一代信息技 ...

Investment Rating - The investment rating for Changhong Meiling is "Buy" (maintained) [1] Core Views - The report indicates that the slowdown in the growth of the self-owned brand has impacted profits, with expectations for a recovery in Q4 driven by the old-for-new policy [1] - Q3 revenue reached 7.8 billion yuan, an increase of 23%, while net profit attributable to the parent company was 115 million yuan, down 18% [1] - The report highlights that the revenue met market expectations, but the slowdown in self-owned brand growth and rising raw material prices led to profits falling slightly below expectations [1] Financial Performance Summary - Revenue (in million yuan): - 2022A: 20,215 - 2023A: 24,248 - 2024E: 29,084 - 2025E: 32,184 - 2026E: 35,199 [1] - Net profit (in million yuan): - 2022A: 245 - 2023A: 741 - 2024E: 748 - 2025E: 856 - 2026E: 990 [1] - Earnings per share (in yuan): - 2022A: 0.24 - 2023A: 0.72 - 2024E: 0.73 - 2025E: 0.83 - 2026E: 0.96 [1] Business Segment Analysis - The report notes that the OEM business (mainly Xiaomi) is experiencing high growth, while the self-owned brand is under pressure [1] - In the air conditioning segment, external sales are expected to drive growth, while the self-owned brand is anticipated to decline [1] - For the refrigerator and washing machine segments, external sales are performing well, but internal brand performance is dragging down overall growth [1] Future Outlook - The report anticipates that the old-for-new policy will significantly boost performance in Q4, particularly for the Meiling refrigerator brand [1] - Revenue forecasts have been adjusted upwards, with expectations for continued strong growth in external sales [1] - The report projects net profit for 2024 to be 748 million yuan, with a slight increase in subsequent years [1]

安徽承义律师事务所 关于长虹美菱股份有限公司 三、本次股东大会的提案 召开 2024 年第二次临时股东大会的法律意见书 承义证字[2024]第 292 号 致：长虹美菱股份有限公司 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司 股东大会规则》等法律法规和其他规范性文件的要求，安徽承义律师事务 所接受长虹美菱股份有限公司（以下简称"长虹美菱"）的委托，指派徐 漫丽、欧林玉律师（以下简称"本律师"）就长虹美菱召开 2024 年第二次 临时股东大会（以下简称"本次股东大会"）出具法律意见书。 一、本次股东大会召集人资格和召集、召开的程序 经核查，本次股东大会是由长虹美菱第十一届董事会召集，会议通知 已于 2024 年 10 月 12 日刊登在中国证监会指定的信息披露报刊《证券时 报》《中国证券报》、巨潮资讯网和深圳证券交易所网站上。本次股东大 会已按公告的要求如期召开。本次股东大会的召集人资格和召集、召开程 序符合法律法规、规范性文件和公司章程的规定。 二、本次股东大会出席人员的资格 经核查，出席本次股东大会现场会议的长虹美菱股东和授权委托代表 共 687 名，持有长虹美菱 482,120,316 ...

证券代码：000521、200521 证券简称：长虹美菱、虹美菱Ｂ 公告编号：2024-060 长虹美菱股份有限公司 2024 年第二次临时股东大会决议公告 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。 特别提示:长虹美菱股份有限公司（以下简称"公司"或"本公司"）2024 年第二次临时股东大会通知及提示性公告已于 2024 年 10 月 12 日、10 月 23 日 在《证券时报》《中国证券报》及巨潮资讯网（http://www.cninfo.com.cn）进 行了公告（公告编号：2024-053 号、2024-059 号）。本次股东大会没有出现否决 提案的情形，亦没有涉及变更以往股东大会已通过的决议的情形。 一、会议召开和出席情况 （一）会议召开情况 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 网络投票时间为：2024 年 10 月 29 日，其中，通过深圳证券交易所交易系 统进行网络投票的具体时间为2024年10月29 日上午9:15—9:25，9:30—11:30， 下午 13:00—15:00；通过深圳 ...

Investment Rating - The report maintains a "Buy" rating for Changhong Meiling, expecting the stock to outperform the CSI 300 index by more than 15% over the next six months [7][8]. Core Views - The company reported a total revenue of 22.758 billion yuan for the first three quarters of 2024, representing a year-on-year increase of 18.73%. The net profit attributable to shareholders was 530 million yuan, up 6.35% year-on-year [2]. - In Q3 2024, the company achieved a revenue of 7.810 billion yuan, reflecting a growth of 23.21%, primarily driven by strong export performance in regions such as Latin America, the Middle East, and Southeast Asia [2][3]. - The report highlights that while the gross margin decreased to 9.98% (down 4.66 percentage points), the net margin was 1.52% (down 0.83 percentage points), indicating effective cost control despite short-term profit pressure [2][3]. Summary by Sections Financial Performance - For Q3 2024, the company’s revenue was 78.10 billion yuan, with a year-on-year growth of 23.21%. The net profit for the same period was 1.15 billion yuan, down 17.99% year-on-year [2]. - The company’s total revenue for the first three quarters of 2024 was 227.58 billion yuan, with a net profit of 5.30 billion yuan [2]. Future Projections - The report forecasts the company's net profit attributable to shareholders for 2024-2026 to be 7.92 billion yuan, 9.12 billion yuan, and 10.28 billion yuan, respectively, with corresponding EPS of 0.77 yuan, 0.89 yuan, and 1.00 yuan [3][4]. - The expected PE ratios for the same period are 11.83, 10.28, and 9.11 times [4]. Market Position - The report emphasizes the favorable industry conditions, particularly in the air conditioning sector, which is experiencing high export demand. The domestic market is also supported by trade-in policies and channel expansion [3][4].

Investment Rating - The report maintains a "Strong Buy" rating for the company, with a target price of 10.4 CNY [1]. Core Views - The company reported a revenue of 22.76 billion CNY for the first three quarters of 2024, representing a year-on-year growth of 18.7%. In Q3 alone, revenue reached 7.81 billion CNY, up 23.2% year-on-year. However, the net profit attributable to the parent company was 530 million CNY, a 6.4% increase year-on-year, but a decrease of 18.0% in Q3 [1]. - Despite strong revenue growth, profitability is under pressure due to rising raw material costs and increased competition leading to price declines. The gross margin in Q3 fell by 4.7 percentage points to 10.0% [1]. - The company is expected to benefit from ongoing internal reforms and external market dynamics, with a focus on improving operational efficiency and optimizing product and channel structures. This is anticipated to drive long-term growth [1]. Financial Summary - For 2024, the company is projected to achieve a revenue of 28.65 billion CNY, a growth rate of 18.2%. The net profit is expected to be 776 million CNY, reflecting a growth of 4.7% [2]. - The earnings per share (EPS) forecast for 2024 is 0.75 CNY, with a price-to-earnings (P/E) ratio of 12 [2]. - The company’s total assets are estimated to reach 21.54 billion CNY by 2024, with a debt-to-asset ratio of 68.9% [5].

Investment Rating - The report maintains a "Buy" rating for Changhong Meiling (000521) [1][2]. Core Views - The company achieved a revenue of 22.76 billion yuan in the first three quarters of 2024, representing an 18.7% year-on-year increase. The net profit attributable to shareholders was 530 million yuan, up 6.3% year-on-year, while the net profit after deducting non-recurring gains and losses was 510 million yuan, a slight increase of 0.2% year-on-year [1]. - In Q3 2024, the company reported a revenue of 7.81 billion yuan, a 23.2% year-on-year growth, but the net profit attributable to shareholders decreased by 18% to 120 million yuan, and the net profit after deducting non-recurring gains and losses fell by 37.7% to 80 million yuan [1]. - The company’s revenue growth is attributed to strong external sales, which outperformed domestic sales. The report suggests that the company is aligned with industry trends, where external sales are performing better than internal sales [1][2]. - The gross margin in Q3 2024 decreased by 4.7 percentage points to 10%, primarily due to fluctuations in raw material prices and a higher proportion of lower-margin overseas sales [1]. - The report highlights that the "old-for-new" policy is alleviating competitive pressure in the domestic market, leading to a recovery in industry demand and a shift from price competition to quality enhancement [2]. Financial Summary - For 2024-2026, the earnings per share (EPS) estimates are adjusted to 0.74 yuan, 0.86 yuan, and 1.00 yuan respectively. The report maintains the "Buy" rating based on these projections [2]. - The company’s revenue is projected to grow from 24.25 billion yuan in 2023 to 35.27 billion yuan in 2026, with corresponding growth rates of 19.95%, 16.13%, 13.14%, and 10.71% [3]. - The net profit attributable to shareholders is expected to increase from 741.04 million yuan in 2023 to 1.03 billion yuan in 2026, with growth rates of 203.04%, 3.33%, 15.24%, and 17.05% respectively [3]. - The report indicates a decrease in the net profit margin, with the net profit margin in Q3 2024 at 1.5%, down 0.8 percentage points year-on-year [1].

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：2024-32 | --- | --- | --- | |-----------------------------|-------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...