广东省广州市天河区珠江新城华夏路 10 号富力中心 23 楼整层及 31 楼 01、04 单元 邮编：510623 23/F, Units 01 & 04 of 31/F, R&F Center, 10 Huaxia Road, Zhujiang New Town, Tianhe District Guangzhou, Guangdong 510623, P. R. China 电话/Tel : +86 20 2826 1688 传真/Fax : +86 20 2826 1666 www.zhonglun.com 北京市中伦（广州）律师事务所 关于广东潮宏基实业股份有限公司 2024 年第一次临时股东大会的法律意见书 致：广东潮宏基实业股份有限公司 北京市中伦（广州）律师事务所（以下简称"本所"）受广东潮宏基实业股 份有限公司（以下简称"公司"）委托，指派本所律师陈竞蓬、谢兵（以下简称 "本所律师"）出席公司 2024 年第一次临时股东大会（以下简称"本次股东大 会"）。本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《上市公司股东大会规则》等有关法律、法规、规范性文件及《广东潮宏基实业 股 ...

广东潮宏基实业股份有限公司（以下简称"公司"）第七届董事会第一次会 议于 2024 年 11 月 22 日在公司会议室以现场方式召开。本次会议的通知及会议 资料已于 2024 年 11 月 18 日以专人送达、电子邮件及传真形式通知了全体董事、 监事和高级管理人员。出席本次董事会会议的应到董事为 9 人，实到董事 9 人， 其中独立董事 3 名。公司监事、高级管理人员列席了会议。本次会议的通知、召 开以及参会董事人数均符合相关法律、法规、规则及《公司章程》的有关规定。 与会董事经认真审议和表决，形成决议如下： 证券代码：002345 证券简称：潮宏基 公告编号：2024-046 广东潮宏基实业股份有限公司 第七届董事会第一次会议决议公告 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、会议以 9 票同意、0 票反对、0 票弃权，审议通过了《关于选举公司第 七届董事会董事长的议案》。 同意选举廖创宾先生为公司第七届董事会董事长，任期与公司第七届董事会 任期一致。 二、会议以 9 票同意、0 票反对、0 票弃权，审议通过了《关于选举公司第 七届董事会专门委员会 ...

证券代码：002345 证券简称：潮宏基 公告编号：2024-047 广东潮宏基实业股份有限公司 第七届监事会第一次会议决议公告 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。 广东潮宏基实业股份有限公司（以下简称"公司"）第七届监事会第一次会 议于 2024 年 11 月 22 日在公司会议室以现场方式召开。本次会议由公司监事会 主席龙慧妹女士召集和主持，会议通知已于 2024 年 11 月 18 日以专人送达、传 真、电子邮件等方式送达给全体监事。会议应到监事 3 名，实际出席会议的监事 共 3 名，公司董事会秘书列席本次监事会。本次会议召集、召开符合《公司法》 和《公司章程》的有关规定。与会监事经认真审议和表决，通过以下决议： 以 3 票同意、0 票反对、0 票弃权，一致审议通过了《关于选举公司第七届 监事会主席的议案》。 同意选举龙慧妹女士为公司第七届监事会主席（简历详见附件），任期与公 司第七届监事会任期一致。 龙慧妹女士目前持有公司股份 56,600 股，占公司总股本的 0.01%，与持有公 司 5%以上股份的股东、公司实际控制人、公司其他董事、监 ...

Investment Rating - The report assigns a "Buy" rating to the company, with a target price of 5.86 CNY per share based on a 14x PE ratio for 2024 [5][3]. Core Insights - The company reported a steady performance in the first three quarters of 2024, achieving a revenue of 4.859 billion CNY, a year-on-year increase of 8.01%, and a net profit of 316 million CNY, up 0.95% year-on-year [2][3]. - The third quarter of 2024 saw a revenue of 1.428 billion CNY, a decrease of 4.36% year-on-year, and a net profit of 86.43 million CNY, down 17.21% year-on-year, attributed to rising gold prices affecting consumer demand [2][3]. - The company is expanding its franchise model and has opened its first overseas store in Kuala Lumpur, Malaysia, as part of its global brand strategy [3][2]. Financial Summary - Revenue projections for 2024-2026 are 6.554 billion CNY, 7.472 billion CNY, and 8.375 billion CNY, with year-on-year growth rates of 11.1%, 14.0%, and 12.1% respectively [3][4]. - Net profit forecasts for the same period are 372 million CNY, 431 million CNY, and 490 million CNY, with growth rates of 11.5%, 15.8%, and 13.7% respectively [3][4]. - The company’s gross margin for Q3 2024 was 24.2%, down 2.25 percentage points year-on-year, while the operating expense ratio remained stable [2][3].

Investment Rating - The investment rating for the company is "Buy" and is maintained [8]. Core Insights - The company reported a revenue of 4.86 billion yuan for the first three quarters of 2024, representing a year-on-year increase of 8.0%. The net profit attributable to the parent company was 320 million yuan, up 1.0% year-on-year. However, in the third quarter alone, revenue decreased by 4.4% year-on-year to 1.43 billion yuan, with net profit down 17.2% to 90 million yuan [4][5]. Summary by Sections Financial Performance - For the first three quarters of 2024, the company achieved a revenue of 4.86 billion yuan, with a year-on-year growth of 8.0%. The net profit attributable to the parent company was 320 million yuan, reflecting a 1.0% increase year-on-year. In Q3, revenue fell to 1.43 billion yuan, a decline of 4.4% year-on-year, and net profit decreased to 90 million yuan, down 17.2% year-on-year [4][5]. Store Expansion and Market Dynamics - The company continued to expand its franchise stores, adding 43 new "CHJ Chaohongji" jewelry stores, bringing the total to 1,482. The number of franchise stores increased by 50 compared to the previous quarter, while direct stores saw a net decrease of 7. The decline in revenue in Q3 was attributed to weak demand in the industry and rising gold prices, which affected the willingness of franchisees to purchase inventory [4][5]. Profitability and Cost Management - The gross margin for Q3 was 24.2%, down 2.3 percentage points year-on-year but up 0.9 percentage points quarter-on-quarter. The company managed to limit the decline in net profit through continuous cost optimization, with total expenses for sales, management, R&D, and financial costs amounting to 230 million yuan, an 8% year-on-year reduction [5][6]. Brand Strategy and Market Positioning - The company maintained its differentiated brand positioning focused on youth and fashion, launching several new product lines in collaboration with renowned artists and designers. The brand's visibility was enhanced through participation in cultural events, and it received recognition in the 2024 Asia Brand 500 rankings, further strengthening its competitive edge [6]. Future Outlook - The company is expected to continue its focus on product innovation and brand development, with projected earnings per share (EPS) of 0.40 yuan, 0.48 yuan, and 0.55 yuan for 2024, 2025, and 2026, respectively. The ongoing expansion of franchise stores and the resilience in revenue and profit margins amid industry challenges suggest a positive long-term outlook [6].

Investment Rating - The investment rating for the company is "Buy" with a target price not specified, maintained for the next six months [3][6]. Core Views - The company reported a revenue of 1.4 billion yuan in Q3 2024, a decrease of 4.36% year-on-year, and a net profit attributable to shareholders of 86 million yuan, down 17% year-on-year [3][4]. - For the first three quarters of 2024, the company achieved a revenue of 4.9 billion yuan, an increase of 8% year-on-year, with a net profit of 320 million yuan, up 0.95% year-on-year [3][4]. - The company maintained a gross margin of 24.16%, down 2.58 percentage points, and a net margin of 6.5%, down 0.52 percentage points [3][4]. - The company opened 43 new stores in Q3, primarily through franchisees, reflecting strong brand recognition and service awareness [3][4]. Summary by Sections Financial Data - Total share capital is 888.51 million shares, with a market capitalization of 4.43 billion yuan [3]. - The company's earnings per share (EPS) for 2024 is projected at 0.4 yuan, with a price-to-earnings (P/E) ratio of 13 times [6][11]. Revenue and Profit Forecast - Revenue is expected to grow from 5.9 billion yuan in 2023 to 6.6 billion yuan in 2024, with a growth rate of 12.1% [11][14]. - The net profit attributable to shareholders is forecasted to be 353.76 million yuan in 2024, reflecting a growth rate of 6.12% [11][14]. Market Position and Strategy - The company is focusing on expanding its franchise model, with a total of 1,482 stores, including 1,236 franchise stores, as of September 2024 [4][5]. - The company is enhancing its product offerings with collaborations with renowned artists and designers, which have received positive feedback [4][5]. - The brand is also expanding internationally, having opened its first overseas store in Kuala Lumpur, Malaysia [5].

证券代码：002345 证券简称：潮宏基 公告编号：2024-044 广东潮宏基实业股份有限公司 关于控股股东部分股份质押展期的公告 截至本公告披露日，上述股东所持质押股份情况如下： | | | | | 占其所 | | 已质押股份 情况 | | 未质押股份 情况 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东名称 | 持股数量 （股） | 持股比 例 | 累计质押股 份数量（股） | 持股份 | 占公司总 股本比例 | | | | | | | | | | 比例 | | 已质押股份限 | 占已质押 | 未质押股份限 | 占未质押 | | | | | | | | 售和冻结数量 | 股份比例 | 售和冻结数量 | 股份比例 | | 汕头市潮 | | | | | | | | | | | 鸿基投资 | 253,643,040 | 28.55% | 78,730,000 | 31.04% | 8.86% | 0 | 0 | 0 | 0 | | 有限公司 | | | | | | | | | | 股东名称 是否为控股 股东或第一 大 ...

Investment Rating - The report maintains a "Buy" rating for the company [2] Core Views - The rapid increase in gold prices has significantly suppressed the demand for gold jewelry, leading to short-term pressure on the company's performance. However, the company has achieved store expansion against the trend, demonstrating the unique brand appeal. The long-term logic of the industry has changed, but the current valuation level remains low, indicating continued investment value [2][3] Financial Performance Summary - Revenue (in million yuan): - 2022A: 4,417 - 2023A: 5,900 - 2024E: 6,295 - 2025E: 6,886 - 2026E: 7,608 - Year-on-Year Growth Rate: - 2023A: 34% - 2024E: 7% - 2025E: 9% - 2026E: 10% [2] - Net Profit (in million yuan): - 2022A: 199 - 2023A: 333 - 2024E: 360 - 2025E: 416 - 2026E: 464 - Year-on-Year Growth Rate: - 2023A: 67% - 2024E: 8% - 2025E: 15% - 2026E: 11% [2] - Earnings Per Share (in yuan): - 2022A: 0.22 - 2023A: 0.38 - 2024E: 0.41 - 2025E: 0.47 - 2026E: 0.52 [2] Market Position and Strategy - The company has successfully expanded its store count despite a weak market environment, indicating strong brand attraction for franchisees. The key investment logic lies in channel expansion, which is expected to remain unchanged. As consumer spending recovers, the combination of increased single-store profits and store growth is anticipated to yield significant profit elasticity [2][3]

证券代码：002345 证券简称：潮宏基 公告编号：2024-042 广东潮宏基实业股份有限公司 关于公司职工代表监事换届选举的公告 2024 年 11 月 7 日 附件： 广东潮宏基实业股份有限公司 第七届监事会职工代表监事候选人简历 龙慧妹：女，1972年出生，中国国籍，本科学历。2001年起历任广东潮宏基 实业股份有限公司行政办公室主管、行政部经理、人力资源部经理、人力资源部 总监，汕头市第十四届人大代表，现任公司监事、工会主席，汕头市第十五届人 大代表。 龙慧妹女士目前持有公司股份56,600股，占公司总股本的0.01%，与持有公 司5%以上股份的股东、公司实际控制人、公司其他董事、监事、高级管理人员不 存在关联关系，不属于"失信被执行人"，未受过中国证监会及其他有关部门的 处罚和深圳证券交易所纪律处分，不存在因涉嫌犯罪被司法机关立案侦查或者涉 嫌违法违规被中国证监会立案稽查的情况，亦不存在《公司法》、《深圳证券交易 所上市公司自律监管指引第1号——主板上市公司规范运作》及《公司章程》中 规定的不得担任公司监事的情形。 龙慧妹女士将与公司 2024 年第一次临时股东大会选举产生的两名股东代表 监事共同 ...

独立董事候选人关于参加独立董事培训 并取得独立董事资格证书的承诺 根据广东潮宏基实业股份有限公司（以下简称"潮宏基"或"公司"） 第六届董事会第十三次会议决议，本人郭剑被提名为公司第七届董事 会独立董事候选人。截至公司股东大会通知发出之日，本人尚未取得 中国证监会认可的独立董事资格证书。为更好的履行独立董事职责， 本人承诺如下： 本人承诺参加最近一次独立董事培训并取得深圳证券交易所认 可的独立董事资格证书。 承诺人：郭剑 2024 年 11 月 6 日 特此承诺。 ...