证券代码：002035 证券简称：华帝股份 公告编号：2024-042 华帝股份有限公司 关于股份回购实施结果暨股份变动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误导性 陈述或重大遗漏。 华帝股份有限公司（以下简称"公司"）于 2023 年 12 月 5 日召开的第八届董事会第十 次会议审议通过了《关于回购公司股份方案的议案》，同意公司使用自有资金以集中竞价交 易方式或法律法规允许的方式回购部分公司已在境内发行的人民币普通股（A 股）股票，并 在未来择机用于股权激励计划或员工持股计划。本次用于回购的资金总额不低于人民币 1 亿 元（含本数），且不超过人民币 2 亿元（含本数），回购价格不超过人民币 8.67 元/股（含本 数）。回购股份实施期限为自公司董事会审议通过本次回购股份方案之日起不超过 12 个月。 具体内容详见公司于 2023 年 12 月 7 日和 2023 年 12 月 16 日刊登在《证券日报》《中国证 券报》《证券时报》《上海证券报》及巨潮资讯网(http://www.cninfo.com.cn)上的相关公告。 因回购方案发布后公司实施了 2023 年年 ...

证券代码：002035 证券简称：华帝股份 公告编号：2024-041 华帝股份有限公司 关于回购公司股份的进展公告 公司回购股份的时间及集中竞价交易的委托价格、委托时段符合《深圳证券交易所上市公 司自律监管指引第9号——回购股份》相关规定，具体如下： 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误导性陈 述或重大遗漏。 华帝股份有限公司（以下简称"公司"）于2023年12月5日召开了第八届董事会第十次会议， 审议通过了《关于回购公司股份方案的议案》，同意公司使用自有资金以集中竞价交易方式或 法律法规允许的方式回购部分公司已在境内发行的人民币普通股（A股）股票，并在未来择机用 于股权激励计划或员工持股计划。拟用于回购的资金总额不低于人民币1亿元（含本数），且不 超过人民币2亿元（含本数），回购价格不超过人民币8.67元/股（含本数），回购股份实施期 限为自公司董事会审议通过本次回购股份方案之日起不超过12个月。 具体内容详见公司于2023年12月7日和2023年12月16日刊登在《证券日报》《中国证券报》 《证券时报》《上海证券报》及巨潮资讯网(http://www.cninfo. ...

Group 1: Sales Channels and Strategies - The company adjusts sales strategies and product layouts based on market and customer demand changes to achieve a balance in production and sales [1] - The offline channel primarily relies on an agency system, while the online channel combines direct sales and distribution, covering major e-commerce platforms [1] - The company is focusing on developing core stores in lower-tier markets to enhance store turnover rates and improve brand recognition [1] Group 2: Product Development and Innovation - In 2023, the company launched the integrated cooking center, which integrates multiple cooking functions into one product, significantly enhancing user experience [2] - New products introduced include the integrated cooking center, steam and bake machine, and various kitchen appliances aimed at providing healthier options for consumers [2] - The company emphasizes technological innovation to drive product upgrades and improve quality and stability [1][2] Group 3: Market Trends and Competitive Landscape - The kitchen appliance industry is experiencing increased concentration towards leading brands, with smaller brands facing pressure to exit the market [2] - There is a need for brands to expand market recognition through innovative marketing strategies targeting young consumers in first- and second-tier cities [2] - The penetration rate of new categories like dishwashers remains low compared to developed countries, indicating growth potential [2] Group 4: Dividend Strategy - The company has maintained a stable and considerable dividend policy since its listing, aiming to reward investors [2] - Future profit distribution will be determined based on the company's development situation and various factors [2]

证券代码：002035 证券简称：华帝股份 编号：2024-010 | --- | --- | --- | --- | |-------------------------|--------------------------------------------------|--------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

证券时报网讯，华帝股份11月12日在交易所互动平台中披露，截至11月10日公司股东户数为34158户， 较上期（10月31日）减少231户，环比降幅为0.67%。 这已是该公司股东户数连续第3期下降，累计降幅达7.40%，也就是说筹码呈持续集中趋势。 证券时报•数据宝统计，截至发稿，华帝股份最新股价为8.50元，上涨2.78%，筹码持续集中以来股价累 计上涨14.71%。 具体到各交易日，13次上涨，10次下跌。 ...

华帝股份有限公司 关于回购公司股份的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误导性陈 述或重大遗漏。 华帝股份有限公司（以下简称"公司"）于2023年12月5日召开了第八届董事会第十次会议， 审议通过了《关于回购公司股份方案的议案》，同意公司使用自有资金以集中竞价交易方式或 法律法规允许的方式回购部分公司已在境内发行的人民币普通股（A股）股票，并在未来择机用 于股权激励计划或员工持股计划。拟用于回购的资金总额不低于人民币1亿元（含本数），且不 超过人民币2亿元（含本数），回购价格不超过人民币8.67元/股（含本数），回购股份实施期 限为自公司董事会审议通过本次回购股份方案之日起不超过12个月。 具体内容详见公司于2023年12月7日和2023年12月16日刊登在《证券日报》《中国证券报》 《证券时报》《上海证券报》及巨潮资讯网(http://www.cninfo.com.cn)上的相关公告。 因公司实施2023年年度权益分派，根据公司《回购报告书》约定，公司将上述回购方案中 回购股份价格上限由不超过人民币8.67元/股（含本数）调整至8.38元/股（含本数）,调整后的 ...

Investment Rating - The report maintains a "Buy" investment rating for the company [5] Core Views - The company's Q3 performance showed a stable net profit margin, with the "old-for-new" policy expected to provide strong support in Q4 [5][8] - The overall sales in Q3 were slightly below expectations, but the company is projected to achieve significant profit growth in the coming years [5][7] - The "old-for-new" policy is anticipated to boost sales in the kitchen appliance sector, benefiting the company due to its strong market position [8] Financial Summary - For Q3, the company achieved a revenue of 4.576 billion yuan, a year-on-year increase of 3.27%, and a net profit of 404 million yuan, up 12.28% year-on-year [7] - The projected net profits for 2024-2026 are 573 million yuan, 666 million yuan, and 762 million yuan, respectively, representing year-on-year growth rates of 28.2%, 16.1%, and 14.4% [5][6] - The company's gross profit margin for the first three quarters was 40.5%, with a net profit margin of 8.79%, reflecting a year-on-year increase of 0.62 percentage points [9]

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 7.88 yuan [4][12] Core Views - The company outperformed the industry in 24Q1-Q3, with revenue of 4.58 billion yuan, up 3.27% YoY, and net profit attributable to the parent company of 400 million yuan, up 12.28% YoY [1] - In 24Q3, revenue was 1.47 billion yuan, down 4.94% YoY, while net profit attributable to the parent company was 100 million yuan, up 5.68% YoY [1] - The company's market share increased, and the replacement of old appliances is expected to boost demand [1] - The company's gross margin in 24Q3 was 40.1%, down 2.5 percentage points YoY, mainly due to changes in accounting standards and price competition [2] - The company's net profit margin in 24Q3 increased by 0.7 percentage points YoY to 7.1%, driven by a reversal of credit impairment [2] Financial Performance and Valuation - The company's revenue is expected to grow from 6.51 billion yuan in 2024E to 7.92 billion yuan in 2026E, with a CAGR of 11.3% [3] - Net profit attributable to the parent company is forecasted to increase from 542.44 million yuan in 2024E to 707.72 million yuan in 2026E, with a CAGR of 14.98% [3] - The company's P/E ratio is expected to decline from 12.31x in 2024E to 9.44x in 2026E, indicating potential undervaluation [3] - The company's EV/EBITDA ratio is projected to decrease from 6.01x in 2024E to 4.70x in 2026E, reflecting improved profitability [3] Industry and Market Position - The company operates in the home appliance and kitchen appliance industry, which has been under pressure due to a 23.9% YoY decline in domestic residential completion area in 2024 [1] - Despite industry challenges, the company achieved a 3.3% YoY revenue growth in the first three quarters of 2024, outperforming the industry [1] - The company has expanded its presence in lower-tier markets, with over 20,000 active stores on platforms like JD, Tmall, Suning, and Wuxing [1] Future Outlook - The company is expected to benefit from brand image upgrades, improved channel management, and new product launches [2] - The company is focusing on channel flattening, product premiumization, and production intelligence to enhance profitability [2] - The report forecasts net profit attributable to the parent company to grow from 540 million yuan in 2024E to 710 million yuan in 2026E [2] Financial Ratios and Metrics - The company's gross margin is expected to stabilize around 40.7% to 41.2% from 2024E to 2026E [8] - The net profit margin is projected to increase from 8.33% in 2024E to 8.94% in 2026E [8] - The company's asset turnover ratio is expected to improve from 0.98x in 2024E to 1.17x in 2026E, indicating better asset utilization [8]

证券代码：002035 证券简称：华帝股份 公告编号：2024-039 华帝股份有限公司 第八届监事会第十一次会议决议公告 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 二、监事会会议审议情况 华帝股份有限公司（以下简称"公司"）第八届监事会第十一次会议通知于 2024 年 10 月 21 日以书面及电子邮件形式发出，会议于 2024 年 10 月 29 日上午 11:00 以通讯表决的 方式召开。会议应出席监事 3 名，实际出席监事 3 名。会议由公司监事会主席梁萍华女士 主持，参加会议的监事符合法定人数，会议的召集、召开及表决程序符合《公司法》和 《公司章程》的有关规定。 1、以 3 票同意、0 票反对、0 票弃权，审议通过了《2024 年第三季度报告》。 1 三、备查文件 1、第八届监事会第十一次会议决议。 特此公告。 华帝股份有限公司 监事会 2024 年 10 月 31 日 经审核，监事会认为：董事会编制和审核公司 2024 年第三季度报告的程序符合法律、 行政法规和中国证监会的规定，报告内容真实、准确、完整地反映了公司的财 ...

证券代码：002035 证券简称：华帝股份 公告编号：2024-037 华帝股份有限公司 关于拟续聘会计师事务所的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误导性 陈述或重大遗漏。 特别提示： 本次续聘会计师事务所事项符合财政部、国务院国资委、证监会印发的《国有企业、上 市公司选聘会计师事务所管理办法》（财会〔2023〕4 号）的规定。 华帝股份有限公司（以下简称"公司"）于 2024 年 10 月 29 日召开第八届董事会第十 四次会议和第八届监事会第十一次会议，审议通过了《关于拟续聘会计师事务所的议案》， 公司拟续聘中审华会计师事务所（特殊普通合伙）为公司 2024 年度审计机构，本议案尚需 提交公司股东大会审议。现将相关事宜公告如下： 一、拟续聘会计师事务所事项的情况说明 中审华 2023 年度经审计的收入总额为 82,765 万元。其中，审计业务收入 55,112 万元， 证券业务收入为 7,650 万元。 2023 年度，中审华共承担 23 家上市公司和 83 家挂牌公司年报审计业务，审计收费分别 为 1,848.8 万元和 1,177.6 万元，共计 3,026 ...