哈尔斯短线拉升涨停，成交量超13万手。 ...

证券代码：002615 证券简称：哈尔斯 公告编号：2025-044 浙江哈尔斯真空器皿股份有限公司 回购报告书 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。 重要内容提示： 1、浙江哈尔斯真空器皿股份有限公司（以下简称"公司"）拟使用自有资金 及股票回购专项贷款，通过深圳证券交易所交易系统以集中竞价交易或其他法律 法规允许的方式回购公司部分社会公众股份，回购资金总金额不低于人民币 8,000万元（含）且不超过人民币16,000万元（含），回购价格不超过人民币11.00 元/股（含），回购股份用于未来实施股权激励计划或员工持股计划，回购股份 实施期限为自公司董事会审议通过回购股份方案之日起12个月内。 2、公司于2025年4月20日召开第六届董事会第十五次会议，审议通过了《关 于回购部分社会公众股份的方案》。根据《深圳证券交易所上市公司自律监管指 引第9号——回购股份》（以下简称"《自律监管指引第9号》"）及《公司章程》 的相关规定，本次回购方案在公司董事会的审批权限范围内，无需提交公司股东 大会审议。 3、公司已在中国证券登记结算有限责任公司深圳分公司开立 ...

浙江哈尔斯真空器皿股份有限公司 关于回购事项前十名股东和 前十名无限售条件股东持股情况的公告 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。 证券代码：002615 证券简称：哈尔斯 公告编号：2025-043 | 10 | 中国光大银行股份有限公司－招商成长 | 2,076,031 | 0.45 | | --- | --- | --- | --- | | | 量化选股股票型证券投资基金 | | | 注：公司回购专用证券账户持有公司股份 2,638,629 股，持有股份占公司总股本的比例 为 0.57% 。 二、前十名无限售条件股东持股情况 | 序号 | 股东名称 | 持股数量 （股） | 占公司无限售 条件股份的比 | | --- | --- | --- | --- | | | | | 例（%） | | 1 | 吕强 | 44,081,921 | 14.40 | | 2 | 浙江哈尔斯真空器皿股份有限公司－ | 7,560,000 | 2.47 | | | 2024 年员工持股计划 | | | | 3 | 吕懿 | 6,925,500 | 2.26 | | ...

Investment Rating - The report maintains a "Buy" rating for the company, with a target price yet to be specified [4]. Core Insights - The company has shown strong revenue and profit growth in 2024 and Q1 2025, driven by increased demand in the thermal container market and improved product penetration rates [1][2]. - The company has established strong customer loyalty, with the top five customers accounting for 69.82% of revenue in 2024, reflecting an increase of 8.1 percentage points year-on-year [2]. - The brand has begun to see positive results from its marketing efforts, with a focus on emotional value in product offerings, leading to a shift towards higher-end markets [3]. Financial Performance - In Q1 2025, the company reported revenue of 704 million yuan, a year-on-year increase of 22.5%, and a net profit of 41 million yuan, up 31.6% [1]. - For the full year 2024, the company achieved revenue of 3.332 billion yuan, representing a 38.4% increase, and a net profit of 287 million yuan, which is a 14.7% increase [1]. - The gross margin for 2024 was 28.0%, with a net profit margin of 8.6% [1]. Product Segmentation - In 2024, revenue from vacuum containers reached 2.977 billion yuan, a significant increase of 47.6%, while revenue from aluminum bottles and other products decreased by 16.6% [2]. - The company has successfully built a competitive edge through its manufacturing, R&D, and supply chain management capabilities, enhancing customer stickiness and expanding into new markets [2]. Market Strategy - The company is actively expanding its production capacity in Thailand, with the first phase already operational and the second phase under construction, which is expected to enhance supply chain security [2]. - The brand is leveraging its SIGG brand to penetrate the European market, achieving double-digit sales growth in 2024 through platforms like Amazon [3]. Earnings Forecast - The company is expected to benefit from the global market growth in the thermal cup industry, with projected net profits of 360 million yuan, 440 million yuan, and 540 million yuan for 2025, 2026, and 2027 respectively [4].

证券代码：002615 证券简称：哈尔斯 公告编号：2025-042 浙江哈尔斯真空器皿股份有限公司 关于取得金融机构股票回购专项贷款承诺函的公告 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。 一、回购股份方案的基本情况 浙江哈尔斯真空器皿股份有限公司（以下简称"公司"）于 2025 年 4 月 20 日召开第六届董事会第十五次会议，审议通过《关于回购部分社会公众股份的方 案》。公司将使用不少于人民币 8,000 万元（含）且不超过人民币 16,000 万元（含） 的自有资金或自筹资金，以集中竞价交易或其他法律法规允许的方式回购公司部 分社会公众股份，回购股份用于未来实施股权激励计划或员工持股计划，回购股 份的价格不超过人民币 11.00 元/股（含）。回购股份实施期限为自公司董事会审 议通过回购股份方案之日起 12 个月内。具体回购股份的数量及其占公司总股本 的比例以实际回购完成时的回购股份数量及其占公司总股本的比例为准。内容详 见公司在巨潮资讯网（http://www.cninfo.com.cn）披露的《第六届董事会第十五 次会议决议公告》（公告编号：2 ...

Revenue and Profit - The company achieved total revenue of 704 million yuan in Q1 2025, representing a year-on-year increase of 22.5% [1] - The net profit attributable to shareholders reached 41.44 million yuan, up 31.64% year-on-year [1] - The net profit after deducting non-recurring items was 41.51 million yuan, reflecting a growth of 32.2% year-on-year, indicating improved profitability during the reporting period [1] Key Financial Indicators - The company's accounts receivable surged to 292 million yuan, with a year-on-year increase of 75.11%, leading to a ratio of accounts receivable to profit of 101.84%, which may impact future cash flow [3] - The operating cash flow per share was -0.1 yuan, a decline of 164.72% year-on-year, indicating significant cash outflow pressure from operating activities [3] - Gross margin stood at 28.66%, an increase of 4.51 percentage points compared to the same period last year, showing effective cost control [6] - Net margin improved to 5.89%, up 6.11 percentage points year-on-year, further confirming enhanced profitability [6] - The ratio of selling, general, and administrative expenses to revenue was 16.25%, an increase of 1.86 percentage points year-on-year, indicating higher expenditure in these areas [6] - Earnings per share rose to 0.09 yuan, a year-on-year increase of 35.11%, reflecting the company's ability to create value for shareholders [6] Business Model and Capital Structure - The company's performance is primarily driven by a marketing-oriented approach, necessitating an analysis of the sustainability of this growth model [4] - Interest-bearing debt amounted to 640 million yuan, a year-on-year increase of 4.71%, indicating a relatively stable overall debt level [4] Dividends and Financing - Since its listing, the company has raised a total of 410 million yuan and distributed dividends totaling 588 million yuan, resulting in a dividend-to-financing ratio of 1.43 and an estimated dividend yield of 4.48%, reflecting a proactive dividend policy [5]

Investment Rating - The report does not provide a specific investment rating for the company [1] Core Views - The company reported a revenue of 3.332 billion yuan for 2024, representing a year-on-year increase of 38.4%, with a net profit attributable to shareholders of 287 million yuan, up 14.7% year-on-year [1] - The company has diversified its customer base, with significant growth in overseas sales, which reached 2.9 billion yuan in 2024, a 46.8% increase year-on-year [2] - The company is experiencing steady improvement in profitability, with a gross margin of 28.7% and a net profit margin of 5.9% in Q1 2025, reflecting a year-on-year increase of 1.2 and 0.4 percentage points respectively [3] Summary by Sections Financial Performance - In Q4 2024, the company achieved a revenue of 964 million yuan, a 37.5% increase year-on-year, but the net profit decreased by 36.4% to 62 million yuan [1] - For Q1 2025, the company reported a revenue of 704 million yuan, a 22.5% increase year-on-year, with a net profit of 41 million yuan, up 31.6% [1][3] - The company expects to see continued growth in net profit, forecasting 354 million yuan for 2025, 443 million yuan for 2026, and 530 million yuan for 2027 [3] Customer Structure and Sales Channels - The company has optimized its customer structure, with the top four customers contributing significantly to revenue growth, including one customer with a 150.6% increase in revenue [2] - Domestic sales remained stable at 431 million yuan in 2024, with a focus on e-commerce and moving towards mid-to-high-end market segments [2] Profitability and Cash Flow - The company's operating cash flow was temporarily under pressure, with a net cash flow of -48 million yuan in Q1 2025, down 1.23 billion yuan year-on-year [3] - The company plans to repurchase shares worth 80 to 160 million yuan, indicating confidence from core shareholders in the company's long-term development [3]

中银国际证券股份有限公司 关于 浙江哈尔斯真空器皿股份有限公司 2023 年度向特定对象发行 A 股股票 之 发行保荐书 保荐人（主承销商） （上海市浦东新区银城中路 200 号中银大厦 39 楼） 二〇二五年四月 保荐人及保荐代表人声明 中银国际证券股份有限公司及本项目保荐代表人袁婧、李瑞君根据《中华人 民共和国公司法》《中华人民共和国证券法》等有关法律、法规和中国证监会的 有关规定以及深圳证券交易所的有关业务规则，诚实守信，勤勉尽责，严格按照 依法制订的业务规则、行业执业规范和道德准则出具本发行保荐书，并保证发行 保荐书的真实性、准确性和完整性。 3-1-1 | 保荐人及保荐代表人声明 | 1 | | --- | --- | | 目 | 录 2 | | 释 | 义 3 | | 第一节 | 本次证券发行基本情况 4 | | | 一、本次证券发行具体负责推荐的保荐代表人 4 | | | 二、本次证券发行项目协办人及项目组其他成员 4 | | | 三、发行人基本情况 5 | | | 四、保荐人与发行人关联关系的说明 9 | | | 五、保荐人内部审核程序和内核意见 9 | | 第二节 | 保荐人承诺事项 14 ...

（上海市浦东新区银城中路 200 号中银大厦 39 楼） 二〇二五年四月 深圳证券交易所： 贵所于 2025 年 4 月 11 日出具的《关于浙江哈尔斯真空器皿股份有限公司申 请向特定对象发行股票的第二轮审核问询函》（审核函〔2025〕120015 号）（以 下简称"《问询函》"）已收悉，浙江哈尔斯真空器皿股份有限公司（以下简称 "哈尔斯"、"公司"或"发行人"）与中银国际证券股份有限公司（以下简称 "保荐人"）、北京市竞天公诚律师事务所（以下简称"发行人律师"）及天健 会计师事务所（特殊普通合伙）（以下简称"会计师"）等相关各方对问询函相 关问题逐项进行了落实，现对《问询函》回复如下，请审核。 证券简称：哈尔斯 证券代码：002615 关于浙江哈尔斯真空器皿股份有限公司 申请向特定对象发行股票的第二轮审核问 询函的回复 保荐机构（主承销商） 说明： 一、如无特别说明，本回复报告中的简称或名词释义与募集说明书中的相同。 二、本回复报告中的字体代表以下含义： | 审核问询函所列问题 | 黑体（加粗） | | --- | --- | | 对问题的回复 | 宋体（不加粗） | | 对募集说明书及问询函的补充披露及修 ...

中国北京市朝阳区建国路 77 号华贸中心 3 号写字楼 34 层 邮政编码 100025 电话：（86-10）5809-1000 传真：（86-10）5809-1100 北京市竞天公诚律师事务所 关于浙江哈尔斯真空器皿股份有限公司 向特定对象发行人民币普通股股票的 补充法律意见书（二） 致：浙江哈尔斯真空器皿股份有限公司 北京市竞天公诚律师事务所（以下称"本所"）作为在中国取得律师执业资 格的律师事务所，根据《中华人民共和国证券法》（以下称"《证券法》"）、 《中华人民共和国公司法》（以下称"《公司法》"）、中国证券监督管理委员 会（以下称"中国证监会"）发布的《上市公司证券发行注册管理办法》（以下 称"《注册管理办法》"）、《深圳证券交易所股票上市规则（2024 年修订）》 （以下称"《上市规则》"）及《公开发行证券公司信息披露的编报规则第 12 号——公开发行证券的法律意见书和律师工作报告》等法律、法规和中国证监会 的有关规定（以下称"法律、法规和规范性文件"），以及浙江哈尔斯真空器皿 股份有限公司（以下称"发行人"、"哈尔斯"或"公司"）与本所签订的《专 项法律顾问协议》，按照律师行业公认的业务标准、道 ...