证券代码：002444 证券简称：巨星科技 公告编号：2025-001 杭州巨星科技股份有限公司 关于完成工商变更登记的公告 类型：股份有限公司（外商投资、上市） 注册资本：壹拾壹亿玖千肆佰肆拾柒万捌仟壹佰捌拾贰人民币元 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 杭州巨星科技股份有限公司（以下简称"公司"）于 2024 年 10 月 30 日召开 第六届董事会第十一次会议、于 2024 年 11 月 15 日召开 2024 年第四次临时股东 大会，审议通过了《关于减少注册资本并修订<公司章程>的议案》，具体内容详 见 2024 年 10 月 31 日、2024 年 11 月 16 日披露在《证券时报》、《中国证券报》 和巨潮资讯网（http://www.cninfo.com.cn）的相关公告。 近日，公司已完成相关工商变更登记手续，并取得了换发的《营业执照》， 具体信息如下： | 原条款 | | | | 修订后条款 | | | --- | --- | --- | --- | --- | --- | | 第六条 | | | 公 司 注 册 资 本 为 人 ...

Company Rating - The report maintains a "Buy" rating for the company [5][3]. Core Insights - The company is a leading player in the hand tools industry, with a strong channel advantage and a significant presence in the global market, particularly in North America and Europe [1][3]. - The company has been focusing on building its own brands, with the OBM (Own Brand Manufacturing) ratio increasing from 19.39% in 2018 to 48% in 2023, indicating a shift towards direct consumer engagement [59][3]. - The company is expected to see substantial profit growth, with projected net profits of 2.41 billion, 2.95 billion, and 3.51 billion yuan for 2024, 2025, and 2026 respectively, reflecting year-on-year growth rates of 42.57%, 22.43%, and 18.88% [3][4]. Company Overview - The company was established in 1993 and went public in 2010, experiencing consistent revenue growth since its inception, except for 2009 and 2023 [1][3]. - The company has diversified its product offerings, with a notable increase in the share of power tools and laser measuring instruments, which accounted for 25.6% of total revenue in 2023 [21][3]. - The company has a global manufacturing base with 23 production facilities, allowing it to mitigate tariff impacts and ensure a steady supply chain [73][3]. Industry Insights - The industrial tools industry has shown stable growth, with global tool product sales exceeding $50 billion since 2019, and electric products making up the largest share at 37.9% in 2023 [2][33]. - The North American and European markets dominate the tool industry, accounting for 77.6% of total demand in 2023, driven by a strong DIY culture and high labor costs in these regions [2][37]. - The report indicates that the tool industry is entering a new growth cycle as inventory levels improve and interest rates decline, which is expected to boost consumer demand [49][53].

Key Points **Industry and Company Involved**: - **Industry**: Hand tools and power tools market, particularly focused on the North American market. - **Company**:巨星科技 (Jushi Technology) **Core Points and Arguments**: 1. **Outperformance vs. Industry and Competitors**: Jushi Technology has significantly outperformed the industry and competitors like Stanley Black & Decker. This outperformance is attributed to its strong growth in both hand tools and new growth areas like power tools. - **Source**: <doc id='1'>, <doc id='12> 2. **Channel Strength and Supply Chain Stability**: Jushi Technology's ability to maintain long-term partnerships with channels in North America is a key strength. This is due to its focus on supply chain stability and reliability. - **Source**: <doc id='2> 3. **Market Potential**: The hand tool market is valued at $30 billion, while the power tool market is even larger, at $400-500 billion. Jushi Technology is well-positioned to capture a significant share of these markets. - **Source**: <doc id='3> 4. **Export Chain Industry**: Jushi Technology is a leading player in the export chain industry, benefiting from its strong overseas production capacity and market share growth. - **Source**: <doc id='4>, <doc id='5>, <doc id='6>, <doc id='7> 5. **Overseas Production Capacity**: Jushi Technology has significantly increased its overseas production capacity, particularly in South Asia and Europe. This has led to a 12 percentage point increase in overseas production capacity, from 55% to 67%. - **Source**: <doc id='8>, <doc id='9> 6. **Market Demand**: The demand for tools in the US market is strong, with expectations of continued growth. This is supported by the increasing orders and positive outlook from channel partners. - **Source**: <doc id='8>, <doc id='10> 7. **Growth Potential**: Jushi Technology has significant growth potential in both hand tools and power tools markets. The company's strong channel relationships and supply chain capabilities position it well for future growth. - **Source**: <doc id='11>, <doc id='13>, <doc id='14>, <doc id='15>, <doc id='16>, <doc id='17>, <doc id='18>, <doc id='19>, <doc id='20>, <doc id='21>, <doc id='22>, <doc id='23>, <doc id='24>, <doc id='25>, <doc id='26>, <doc id='27>, <doc id='28>, <doc id='29>, <doc id='30>, <doc id='31>, <doc id='32> **Other Important Points**: - **Tariff Concerns**: While there are concerns about tariffs, the company's strong overseas production capacity and market share growth position it well to mitigate the impact of tariffs. - **Source**: <doc id='4>, <doc id='5>, <doc id='6>, <doc id='7>, <doc id='8>, <doc id='9>, <doc id='10>, <doc id='11>, <doc id='12>, <doc id='13>, <doc id='14>, <doc id='15>, <doc id='16>, <doc id='17>, <doc id='18>, <doc id='19>, <doc id='20>, <doc id='21>, <doc id='22>, <doc id='23>, <doc id='24>, <doc id='25>, <doc id='26>, <doc id='27>, <doc id='28>, <doc id='29>, <doc id='30>, <doc id='31>, <doc id='32> - **Investment Value**: Jushi Technology is considered a strong investment opportunity with significant growth potential and a relatively low valuation. - **Source**: <doc id='4>, <doc id='5>, <doc id='6>, <doc id='7>, <doc id='8>, <doc id='9>, <doc id='10>, <doc id='11>, <doc id='12>, <doc id='13>, <doc id='14>, <doc id='15>, <doc id='16>, <doc id='17>, <doc id='18>, <doc id='19>, <doc id='20>, <doc id='21>, <doc id='22>, <doc id='23>, <doc id='24>, <doc id='25>, <doc id='26>, <doc id='27>, <doc id='28>, <doc id='29>, <doc id='30>, <doc id='31>, <doc id='32>

证券代码：002444 证券简称：巨星科技 公告编号：2024-064 杭州巨星科技股份有限公司 关于实际控制人及其一致行动人持股比例变动超过 1%的公告 公司实际控制人仇建平先生及其一致行动人王玲玲女士、巨星控股集团有 限公司保证向本公司提供的信息内容真实、准确、完整，没有虚假记载、误导性 陈述或重大遗漏。 2022年11月8日，巨星控股参与转融通出借业务，将持有的公司11,434,000 股无限售条件流通股出借给中国证券金融股份有限公司；2023年5月9日，中国 证券金融股份有限公司将巨星控股集团有限公司（以下简称"巨星控股"）出借 的11,434,000股无限售条件流通股归还给巨星控股，巨星控股在中国证券登记 结算有限公司登记的持股比例上升了0.95%。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 2023年3月20日至3月21日，基于对杭州巨星科技股份有限公司（以下简称 "公司"、"本公司"）未来发展前景的信心和对公司股票长期投资价值的认可， 公司董事长、实际控制人仇建平先生通过深圳证券交易所交易系统以集中竞价 交易方式累计增持2,318,800股，占公司总股本的0.19%。 ...

Investment Rating - The report initiates coverage with a "Buy" rating for the company [22][33]. Core Insights - The company has maintained a high level of profitability, with a stable expense ratio. In 2023, the sales gross margin reached 32.91%, and the net profit margin was 17.15%. The company has effectively controlled costs, with a stable expense ratio over the years [10][32]. - The company has significantly increased its self-owned brand revenue, which rose from below 10% in 2016 to nearly 50% in 2023. The OBM business revenue CAGR from 2018 to 2023 was 35.4% [22][23]. - The company is expanding its electric tool segment, with a focus on cordless electric tools, which accounted for 25.61% of revenue in 2023, growing by 27.11% year-on-year [23][31]. Company Overview - The company has undergone three development phases since its establishment in 1993, transitioning from ODM to OBM and expanding through acquisitions of high-end overseas brands [22][31]. - The company has a global presence with 23 production bases, including 11 in China, 3 in Southeast Asia, and 6 in Europe, allowing it to respond quickly to market demands [31][34]. - The company’s revenue is primarily derived from exports to Europe and North America, with overseas revenue consistently accounting for over 90% [4][70]. Market Dynamics - The global hardware tools industry is highly concentrated, with the top five companies holding approximately 67% market share. The company has significant room for market share growth [14][70]. - The demand for hardware tools is expected to benefit from a recovery in the real estate market as interest rates decline, which will enhance the overall market environment for the tools industry [33][46]. - The electric tools market is projected to grow significantly, driven by technological advancements and changing consumer preferences, with a notable shift towards cordless tools [23][40]. Financial Projections - The company is expected to achieve net profits of 22.8 billion to 25.4 billion yuan in 2024, representing a year-on-year growth of 35% to 50% [17][33]. - Revenue is projected to grow significantly, with total revenue expected to exceed 35% year-on-year in 2024, driven by new product launches and increased market demand [17][33].

证券代码：002444 证券简称：巨星科技 公告编号：2024-063 杭州巨星科技股份有限公司 关于公司实际控制人减持股份计划实施完成的公告 仇建平先生保证向本公司提供的信息内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 杭州巨星科技股份有限公司（以下简称"本公司"、"公司"）于2024年11月 13日在《证券时报》、《中国证券报》及巨潮资讯网披露了《关于公司实际控制人 减持股份的预披露公告》（公告编号：2024-054），公司实际控制人、董事长仇建 平先生计划在预披露公告披露之日起15个交易日后的3个月内以集中竞价方式减 持本公司股份不超过5,200,000股（占本公司总股本比例为0.44%）。 公司于今日收到仇建平先生的《关于减持股份计划实施完毕的告知函》，告 知我司本次减持股份计划已实施完毕，现将本次减持计划实施情况披露如下： 一、股东减持情况 1、股东减持股份情况 | 股东名称 | 减持方式 | 减持期间 | 减持均价 | 减持股数 | 减持比例 | | --- | --- | --- | --- | --- | -- ...

证券时报e公司讯，巨星科技(002444)12月29日发布业绩预告，预计2024年度净利润22.84亿元—25.37亿 元，同比增长35%—50%；基本每股收益预计1.92元—2.13元。 目前公司订单比较充足，公司未来将继续加大全球化产能布局，预计公司在未来一段时间将继续保持合 理的增速。 ...

Financial Performance Expectations - The company expects a net profit attributable to shareholders of approximately CNY 228.37 million to CNY 253.74 million, representing a year-on-year increase of 35.00% to 50.00%[3] - The net profit after deducting non-recurring gains and losses is projected to be between CNY 229.16 million and CNY 254.62 million, also reflecting a year-on-year growth of 35.00% to 50.00%[3] - Basic earnings per share are estimated to be between CNY 1.92 and CNY 2.13, compared to CNY 1.42 in the same period last year[3] Revenue Growth Drivers - The company anticipates a year-on-year revenue increase exceeding 35% due to the recovery of North American tool consumption and the release of production capacity in Southeast Asia[5] Production Capacity Expansion - The company plans to continue expanding its global production capacity to maintain reasonable growth rates in the future[7] Goodwill Impairment Provisions - The U.S. subsidiaries, Arrow Fastener Co., LLC and Prime-Line Products, LLC, are expected to incur goodwill impairment provisions exceeding CNY 100 million due to rising service and manufacturing costs[7] Audit and Reporting - The performance forecast has not been audited by the accounting firm, and specific financial data will be disclosed in the 2024 annual report[8]

证券代码：002444 证券简称：巨星科技 公告编号：2024-061 杭州巨星科技股份有限公司 关于回购股份注销完成暨股份变动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、回购股份方案及实施情况 公司于 2021 年 7 月 5 日召开第五届董事会第十一次会议，审议通过了《关 于回购公司股份方案的议案》，同意使用自有资金不少于（含）人民币 1.8 亿元， 不超过（含）人民币 3.6 亿元通过集中竞价的方式回购部分公司发行的人民币普 通股（A 股），回购股份的 40%用于员工持股计划或股权激励计划的股份来源，回 购股份的 60%用于转换公司发行的可转换为股票的公司债券。回购期限自公司董 事会审议通过回购方案之日起不超过 12 个月。 截至 2022 年 7 月 4 日，公司回购股份实施期限已经届满，回购方案已实施 完毕。公司通过回购股份专用证券账户以集中竞价方式累计回购公司股份 8,023,810 股，最高成交价为 32.70 元/股，最低成交价为 24.77 元/股，共使用 资金总额 236,625,962 元（不含交易费用）。 公司于 202 ...

证券代码：002444 证券简称：巨星科技 公告编号：2024-060 杭州巨星科技股份有限公司 关于注销部分募集资金专户的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、募集资金基本情况 经中国证券监督管理委员会《关于核准杭州巨星科技股份有限公司公开发行 可转换公司债券的批复》（证监许可[2019]2656 号）核准，杭州巨星科技股份有 限公司（以下简称"公司"、"本公司"）公开发行可转换公司债券 9,726,000 张, 每张面值为人民币 100.00 元，按面值发行，发行总额为人民币 972,600,000.00 元，扣除相关发行费用后，实际募集资金净额为人民币 965,121,452.83 元。天 健会计师事务所（特殊普通合伙）已对本次募集资金的实收情况进行验证，并于 2020 年 7 月 2 日出具《验证报告》（天健验[2020]244 号）。 二、募集资金存放与管理情况 为了规范募集资金的管理和使用，提高资金使用效率和效益，保护投资者权 益，本公司按照《中华人民共和国公司法》《中华人民共和国证券法》《深圳证券 交易所股票上市规则（2024 ...