Financial Performance - The company's operating revenue for the first half of 2024 reached ¥6,700,922,534.41, representing a 27.75% increase compared to ¥5,245,261,200.91 in the same period last year[14]. - Net profit attributable to shareholders was ¥1,193,767,743.43, up 36.81% from ¥872,550,956.27 year-on-year[14]. - The basic earnings per share increased to ¥0.9994, a rise of 36.81% compared to ¥0.7305 in the previous year[14]. - The company reported a net profit from non-recurring gains and losses of ¥1,206,791,925.19, which is a 33.13% increase from ¥906,467,027.47 year-on-year[14]. - The company achieved operating revenue of 670,092.25 million yuan, a year-on-year increase of 27.75%[19]. - The net profit attributable to shareholders was 119,376.77 million yuan, with a year-on-year growth of 33.13% for the net profit excluding non-recurring gains and losses[19]. - Operating profit for the first half of 2024 was CNY 1,410,463,209.46, compared to CNY 1,004,528,027.78 in the first half of 2023, reflecting a growth of 40.4%[105]. - The company reported a total profit of ¥775,162,413.11, up from ¥700,415,479.81 in the first half of 2023, reflecting overall growth in financial performance[108]. Assets and Liabilities - Total assets at the end of the reporting period were ¥21,003,479,628.25, reflecting a 6.70% increase from ¥19,683,797,271.17 at the end of the previous year[14]. - The net assets attributable to shareholders increased by 7.02% to ¥15,890,963,572.89 from ¥14,847,980,075.62[14]. - Total liabilities reached CNY 4,915,440,952.06, up from CNY 4,671,225,774.95, marking a rise of 5.2%[100]. - The company's equity increased to CNY 16,088,038,676.19, up from CNY 15,012,571,496.22, representing a growth of 7.2%[100]. - Accounts receivable increased to RMB 2,885,798,490.66, representing 13.74% of total assets, up 3.06% from the previous year[33]. - Inventory rose to RMB 2,950,399,369.65, making up 14.05% of total assets, reflecting an increase due to higher order volumes[33]. Cash Flow - The net cash flow from operating activities decreased by 39.27% to ¥585,558,517.71 from ¥964,243,880.30 in the previous year[14]. - Cash and cash equivalents net increase dropped by 53.02% to ¥306,220,586.80 from ¥651,790,504.37[28]. - The cash inflow from operating activities increased to 2,905,208,716.12 CNY in the first half of 2024, compared to 2,433,750,006.53 CNY in the first half of 2023, representing a growth of approximately 19.4%[112]. - The cash outflow from financing activities was 2,025,821,976.83 CNY in the first half of 2024, compared to 816,481,895.60 CNY in the same period of 2023, reflecting a significant increase of 147.5%[111]. Research and Development - The company invested 158 million yuan in R&D, designing 923 new products during the reporting period[21]. - Research and development expenses for the first half of 2024 were CNY 158,302,397.99, compared to CNY 149,106,000.14 in the same period last year, showing an increase of 6.5%[105]. - Direct input costs for R&D activities include expenses for materials, fuel, power, and equipment maintenance, totaling significant investments in innovation[162]. Market and Sales - The hand tools segment saw a revenue increase of 29.95%, while the power tools segment experienced a revenue growth of 35.13%[24]. - The company’s self-owned brand sales increased by 15.10%, despite a slight decline in market share due to the overreaction effect from supermarket clients[21]. - The company anticipates a recovery in market demand in the second half of 2024 as mortgage rates are expected to decrease to 4% or below[19]. - The company secured significant orders for its 20V cordless lithium battery power tools from a major U.S. retailer[21]. Investments and Acquisitions - The company acquired 100% equity in TESA Precision Measurement Instruments Sarl for RMB 271,633,096.28, marking a strategic investment in measurement systems[39]. - The company has completed the acquisition of 100% equity in Geelong Holdings Limited, with a total investment of CNY 13,494.42 million, achieving 100% investment progress[48]. - The company has successfully acquired several subsidiaries to enhance its product line, focusing on high-precision measurement tools necessary for robotic component processing[55]. Risk Management - The company faces potential risks as detailed in the management discussion and analysis section, which investors should be aware of[5]. - The company faces risks from exchange rate fluctuations, particularly as most of its revenue is denominated in USD, which could impact pricing competitiveness[56]. - The company has maintained a risk management strategy for its foreign exchange transactions, focusing on hedging against currency fluctuations[44]. Corporate Governance - The company has not engaged in speculative derivative investments during the reporting period[45]. - There were no major related party transactions or significant guarantees provided by the company during the reporting period[73]. - The company has maintained a good integrity status with no significant debts or court judgments pending[72]. Environmental and Social Responsibility - The company has implemented measures to reduce carbon emissions, including the establishment of energy management guidelines and the promotion of green products[68]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[68]. - The company has not participated in poverty alleviation or rural revitalization efforts during the reporting period[69]. Shareholder Information - The company’s total shares outstanding are 1,202,501,992, with 95.72% being unrestricted shares[86]. - Major shareholder, Juxing Holdings Group, holds 38.56% of the total shares, amounting to 463,739,864 shares[88]. - The total number of ordinary shareholders at the end of the reporting period was 29,849[88]. Accounting Policies - The company adheres to the enterprise accounting standards, ensuring that financial statements reflect its financial status accurately[129]. - The company recognizes revenue based on the progress of performance obligations, confirming revenue at a point in time when control of the goods or services is transferred to the customer[169]. - The company applies the actual interest method to amortize the difference between the transaction price and the cash payment amount in contracts with significant financing components[170].

关于 2024 年半年度利润分配预案的公告 证券代码：002444 证券简称：巨星科技 公告编号：2024-039 杭州巨星科技股份有限公司 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 8 月 29 日召开 第六届董事会第九次会议、第六届监事会第六次会议，审议通过了《关于公司 2024 年半年度利润分配预案的议案》，上述议案尚需提交公司股东大会审议，现 将有关内容公告如下： 一、2024 年半年度利润分配预案 根据公司 2024 年半年度财务报表，公司合并报表归属于母公司股东的净利 润为 1,193,767,743.43 元，母公司实现净利润 708,460,621.02 元；截至 2024 年 6 月 30 日，公司合并报表中可供股东分配的利润为 9,936,124,035.64 元，母 公司可供股东分配的利润为 6,189,940,792.95 元（以上数据均未经审计）。 三、相关风险提示 本次利润分配预案尚需提交公司股东大会审议批准后方可实施，该事项仍存 在不确定性，敬请广大投资者注意投资 ...

证券代码：002444 证券简称：巨星科技 公告编号：2024-035 杭州巨星科技股份有限公司 第六届监事会第六次会议决议公告 本公司及监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"）第六届监事会第六次会议 通知于2024年8月19日以传真、电子邮件等方式发出，且全体监事均已书面确认 收到全部会议材料。会议于2024年8月29日在杭州市上城区九环路35号公司九楼 会议室以现场会议的方式召开。本次会议应出席监事3名，实际出席监事3名，本 次会议的召集、召开程序符合《中华人民共和国公司法》、《杭州巨星科技股份有 限公司章程》、《杭州巨星科技股份有限公司监事会议事规则》的有关规定。 三、审议通过《关于部分募投项目结项并将节余募集资金永久补充流动资 金的议案》 经审议，我们认为本次部分募投项目结项并将节余募集资金永久补充流动资 金是公司根据募投项目的实际进展和公司生产经营情况需要做出的审慎决定，有 利于提高募集资金使用效率，保障公司可持续发展，符合公司和全体股东的利益。 本次部分募投项目结项并将节余募集资金永久补充流动资金事项符合 ...

中信建投证券股份有限公司 关于杭州巨星科技股份有限公司 | 序号 | 项目名称 | 项目总投资 | 拟投入募集资金 | | --- | --- | --- | --- | | 1 | 激光测量仪器及智能家居生产基地建设 项目 | 20,426.00 | 20,426.00 | 1 | 2 | 工具箱柜生产基地建设项目 | 26,776.00 | 26,776.00 | | --- | --- | --- | --- | | 3 | 智能仓储物流基地建设项目 | 23,290.00 | 22,542.15 | | 4 | 研发中心建设项目 | 7,768.00 | 7,768.00 | | 5 | 补充流动资金 | 19,000.00 | 19,000.00 | | | 合计 | 97,260.00 | 96,512.15 | 部分募投项目结项并将节余募集资金永久补充流动资金的 核查意见 中信建投证券股份有限公司（以下简称"中信建投"、"保荐机构"）作为杭 州巨星科技股份有限公司（以下简称"巨星科技"或"公司"）2020 年公开发行 可转换公司债券并上市的保荐机构，根据《证券发行上市保荐业务管理办法》、 《深圳 ...

杭州巨星科技股份有限公司 2024 年半年度非经营性资金占用及其他关联资金往来情况汇总表 编制单位：杭州巨星科技股份有限公司 单位：人民币万元 | | | | | | 2024 年 1-6 | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 非经营性资金 | 资金占 | 占用方与上 | 上市公司 | 2024 年 | 月占用累计 | 2024 | 年 1-6 | 月 | 2024 | | 年 | 1-6 | 2024 | 年 | 1- | 2024 | 年 6 | 月 | 占用形 | 占用 | | 占用 | 用方名 | 市公司的关 | 核算的会 | 期初占用 | 发生金额 | | 占用资金的利 | | | 月偿还累计 | | | 6 | 月其他减 | | 30 | 日期末占 | | 成原因 | 性质 | | | 称 | 联关系 | 计科目 | ...

杭州巨星科技股份有限公司 关于为全资孙公司提供担保的公告 本公司及监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。 特别提示： 本次被担保对象 Prime-Line Products Company 最近一个会计年度经审计 资产负债率超过 70%，敬请投资者关注担保风险。 一、担保情况概述 证券代码：002444 证券简称：巨星科技 公告编号：2024-037 二、被担保人基本情况 公司名称：Prime-Line Products Company 成立日期：1978 年 8 月 7 日 注册地点：26950 San Bernardino Ave. Rediands, CA 92374，USA 主营业务：门窗五金件的研发、生产和销售。 股权结构：PLP 为巨星科技全资孙公司。 最近一年又一期的主要财务指标： 被担保方 PLP 不属于失信被执行人。 因业务发展需要，杭州巨星科技股份有限公司（以下简称"公司"或"巨星 科技"）拟为全资孙公司 Prime-Line Products Company（以下简称"PLP"）向 Citibank N.A.申请贸易融资授信提供担保,担保 ...

杭州巨星科技股份有限公司募集资金管理办法 第二条 本办法所称募集资金是指公司通过发行股票及其衍生品种，向投资者 募集并用于特定用途的资金。 本办法所称超募资金是指实际募集资金净额超过计划募集资金金额的部分。 第三条 公司董事会应当对募集资金投资项目的可行性进行充分论证，确信 投资项目具有较好的市场前景和盈利能力，有效防范投资风险，提高募集资金使 用效益。 第四条 公司董事、监事和高级管理人员应当勤勉尽责，督促公司规范使用募 集资金，自觉维护公司募集资金安全，不得参与、协助或纵容公司擅自或变相改 变募集资金用途。 第五条 公司应当审慎使用募集资金，保证募集资金的使用与发行申请文件的 承诺相一致，不得随意改变募集资金的投向。 第六条 公司会计部门应当对募集资金的使用情况设立台账，详细记录募集资 金的支出情况和募集资金项目的投入情况。 （2024 年 8 月修订） 第一章 总 则 第一条 为规范杭州巨星科技股份有限公司(下称"公司")募集资金存储、 使用和管理,提高募集资金使用效率,切实保护公司和股东的合法权益,根据《公 司法》、《证券法》、《深圳证券交易所股票上市规则》(以下简称"《股票上 市规则》")、《深圳证 ...

巨星科技（002444）深度研究报告 开幕扩土，工具自身 工具行业系列报告( 三 ) : 表们首先从产业链视角切入, ぼ明巨星科技技心优势正是初中产业链壁垒关键 奇時；未來，进一亦从核购整个、渠道整至等展开论述核心优势底点还稀；或 后，工具行业有望进入下一轮承气周期，显动公司成长性释放。 : 工具什么产业链: 下带来看有主导产业链价值.上将代工厂→中将恶片奇→下 洋李告 奇毛利占比 2%→8%（ODM）/20%（OBM）→34%； チェ果昂芹奇→ 李告奇 CR3 19%→59%; 无论是品牌集中度还是价值比查，产业链中上将长尾 分散，下海幸告高话话权较發。 � 丘建林林: 林心优势句中产业链登会关键帧肿，安咸果道建新形成上下弹正向 취环，1 ) 收购能力装供品装扩账户生动力。2010 辛开始状购 9 家区域社工具 品牌，充成 ODM→OBM 转型，2023 辛 OBM 收入占比 48%。2 ) 爽敏产业链 果連疊全，果連高棉栓發复用。美国手工具李告奇 CR3 59%，公司自主品牌 同时入驻、并为 HomeDepot 称 Lowes 代工，打破关国 渠道林他；在欧洲分教 市场整个进入英绝法奇辛多个国家经销李告渠 ...

Investment Rating - The report gives a "Buy" rating for the company, with a target price of 33 CNY per share, corresponding to a PE ratio of 18.4 times for 2024 [1][4]. Core Views - The report emphasizes that the company, as a leading player in the hand tools sector, is well-positioned to benefit from the upcoming recovery in the tools industry driven by the real estate market in the U.S. and inventory replenishment by retailers [2][8]. - The company has demonstrated strong capabilities in category expansion and global layout, effectively breaking through channel barriers in the industry [2][24]. Summary by Sections Company Overview - The company has transitioned from an ODM (Original Design Manufacturer) model to an OBM (Original Brand Manufacturer) model since 2010, acquiring nine regional tool brands and increasing its OBM revenue share to 48% by 2023 [2][14]. - The company has a clear and stable ownership structure, with the founders holding a combined 38.3% of shares, ensuring strong governance and management continuity [17][19]. Financial Performance - In 2023, the company reported total revenue of 10,930 million CNY, a decrease of 13.3% year-on-year, with a net profit of 1,692 million CNY, reflecting a growth of 19.2% [3][20]. - The company expects significant revenue growth in the coming years, projecting revenues of 13,905 million CNY in 2024, 17,273 million CNY in 2025, and 20,871 million CNY in 2026, with corresponding net profits of 2,154 million CNY, 2,713 million CNY, and 3,286 million CNY [3][20]. Core Advantages - The company has effectively integrated its supply chain management and acquisition strategies to expand its product categories, including hand tools, laser measurement tools, storage cabinets, and power tools [24][25]. - The company has established strong relationships with major retailers in North America, breaking through channel exclusivity and enhancing its market presence [2][24]. Industry Outlook - The tools industry is expected to enter a new growth cycle, supported by a recovery in the U.S. real estate market and the end of inventory destocking by retailers [2][8]. - The global market for power tools is larger and more concentrated than that for hand tools, providing significant growth opportunities for the company [2][8]. Investment Thesis - The company's strong cash flow and stable financial performance, combined with its strategic acquisitions and global expansion, position it well for future growth [9][24]. - The report predicts a net profit growth rate of 27.3% in 2024, 26.0% in 2025, and 21.1% in 2026, indicating robust earnings potential [3][20].

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 年修订）》及《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》等有关法律、法规和规范性文件的规定，结 合公司实际情况，制定了《杭州巨星科技股份有限公司募集资金管理办法》（以 下简称《管理办法》）。根据《管 ...