Core Viewpoint - The company Hars (002615) has successfully repurchased 9,337,550 shares, representing 2.00% of its total share capital, reflecting confidence in its future development and a commitment to shareholder value [2][3] Summary by Sections Share Buyback Details - The company announced a share buyback plan with a total expenditure of approximately RMB 74.4 million, with a maximum purchase price of RMB 11 per share [2] - The buyback was executed through a centralized bidding method, with the highest transaction price at RMB 8.41 per share and the lowest at RMB 7.65 per share [2] Purpose of Buyback - The repurchased shares are intended for future employee incentive plans or employee stock ownership plans, aiming to enhance the long-term incentive mechanism and attract talent [2] - This strategy is expected to align the interests of shareholders, the company, and the core team, promoting sustainable development [2] Financial Health Indicators - The successful execution of the buyback indicates a robust cash flow situation for the company, with operational cash flow showing a "V-shaped" recovery compared to the end of the first quarter [2] - The company has sufficient financial strength to support the buyback plan, as indicated in its Q3 2025 report [2]

证券代码：002615 证券简称：哈尔斯 公告编号：2025-090 浙江哈尔斯真空器皿股份有限公司 关于回购股份比例达到 2%暨回购进展公告 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。 公司回购股份的时间、回购股份的价格及集中竞价交易的委托时段符合《深 圳证券交易所上市公司自律监管指引第 9 号——回购股份》的相关规定。具体说 明如下： 一、回购股份的基本情况 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，审议通过了《关于回购部分社会公众股份的 方案》，同意公司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。具体内容详见公司于 2025 年 4 月 ...

Core Viewpoint - Hars (002615.SZ) has repurchased a total of 9,337,550 shares, representing approximately 2.00% of the company's total share capital, as of November 4, 2025 [1] Summary by Relevant Sections - **Share Repurchase Details** - The company conducted the share repurchase through a dedicated securities account via centralized bidding [1] - The highest transaction price for the repurchased shares was 8.41 CNY per share, while the lowest was 7.65 CNY per share [1] - The total amount paid for the repurchase was 74,396,735 CNY, excluding stamp duty and transaction commissions [1]

Core Insights - The company reported total assets of 3.792 billion yuan as of the end of Q3, reflecting a year-on-year growth of 12.31% [1] - The company achieved an operating income of 2.437 billion yuan in the first three quarters of 2025, representing a year-on-year increase of 2.94% [4] - The company is transitioning from a "cup and kettle manufacturer" to a "lifestyle brand operator" to enhance long-term brand value and drive high-quality global market development [3] Financial Performance - Total assets reached 3.792 billion yuan, up 12.31% from the previous year [1] - Net profit attributable to shareholders was 100 million yuan [4] - Fixed assets increased by 41.31% since the beginning of the year, primarily due to the commissioning of overseas base construction projects [1] Strategic Initiatives - The company is enhancing its overseas production capacity, particularly in Thailand, to secure supply chain safety and facilitate brand internationalization [1] - Emphasis on smart manufacturing and digital factory transformation as key drivers for international business expansion [1] - The company is focusing on independent research and innovation, significantly increasing resource investment in new product development [2] Market Positioning - The company is capitalizing on the rising trend of domestic products, with the cup and kettle industry currently characterized by low concentration and high consumption frequency [2] - The company is actively developing a product matrix that resonates with younger consumers through stylish designs and smart features [2] - Marketing strategies include leveraging short video platforms and live e-commerce to enhance brand reach and consumer engagement [2]

Core Insights - Both leading companies in the thermal cup industry, Jiayi Co., Ltd. and Hars, reported a decline in net profits for Q3 2025, reflecting the challenges faced by thermal cup manufacturers amid tightening external environments and industry transitions [1][2] Financial Performance - Hars reported Q3 revenue of 866 million yuan, a year-on-year decrease of 11.19%, with net profit dropping to 8.77 million yuan, down 90.89% year-on-year. Cumulatively, net profit for the first three quarters fell to 100 million yuan, a decline of 55.49% [1] - Jiayi Co., Ltd. achieved Q3 revenue of 430 million yuan, a year-on-year decline of 47.68% and a quarter-on-quarter decline of 36.81%. Net profit for Q3 was 62.93 million yuan, down 70.56% year-on-year and 58.81% quarter-on-quarter [1] Profit Margin Analysis - Hars experienced a gross margin of 23.60% in Q3, a decrease of 6.68 percentage points year-on-year, with an overall gross margin of 26.90% for the first three quarters, down 3.07 percentage points [1][2] - Jiayi Co., Ltd. reported a gross margin of 31.86% for the first three quarters, a decline of 7.68 percentage points year-on-year, with Q3 gross margin at 25.83%, down 13.52 percentage points year-on-year [2] Operational Challenges - Hars attributed its profit decline to slowed revenue growth and fluctuations in gross margin, exacerbated by increased supply chain and labor costs due to overseas base construction [2] - Jiayi Co., Ltd. cited two main factors for its performance drop: delays in order delivery due to production capacity in Vietnam and a conservative inventory reduction strategy adopted by major clients in response to market demand uncertainties [2] Strategic Responses - Both companies are focusing on overseas factory construction as a key strategy to overcome industry challenges. Jiayi Co., Ltd. has streamlined its production system in Vietnam, with increasing order volumes and plans for further automation upgrades [3] - Hars has fully launched its first phase in Thailand and is accelerating the transition of new product molds and raw material reserves to mitigate uncertainties in overseas capacity and ensure high-quality, timely deliveries [3]

Group 1 - The company is transitioning from "opportunity growth" to "systematic growth," positioning its Thailand base as a "strategic foothold" while accelerating the development of IP-based domestic products [1] - The company has been a co-initiator of the National Trend Week for two consecutive years, aiming to enhance cultural dissemination through quality IP collaborations, bridging traditional and contemporary elements [1] - The company is currently in a global layout investment phase, with goals to "reduce costs, improve quality, and increase efficiency," awaiting a profitability turning point [1] Group 2 - For the first nine months of 2025, the company achieved a revenue of 2.437 billion yuan, representing a year-on-year growth of 2.94% [3] - The net profit attributable to the parent company declined due to factors such as exchange rates and capacity ramp-up [3]

Core Viewpoint - Zhejiang Harsco (002615) reported a revenue of 2.437 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 2.94%, indicating a slowdown but still maintaining positive growth [1] Financial Performance - The company's operating cash flow has shown a gradual recovery, achieving a "V-shaped" reversal compared to the end of the first quarter, suggesting effective management responses to external shocks [1] - However, the net profit attributable to shareholders decreased year-on-year due to a combination of slowing revenue growth and fluctuations in gross margin [1] Profitability Challenges - The decline in profit is attributed to two main factors: stable end-user demand but short-term performance fluctuations caused by international trade friction, changes in customer product structure, and exchange rate volatility [1] - Additionally, the planned production of overseas bases has led to concentrated releases of depreciation, labor, and logistics costs, with capacity utilization still in the ramp-up phase, resulting in insufficient dilution of fixed costs [1] Future Outlook - Industry analysts believe that as the external environment stabilizes, Harsco's overseas production capacity will continue to be released, local workforce ratios will steadily increase, and the overseas supply chain will mature, leading to a gradual reduction of these temporary impacts [1] - Furthermore, as the domestic team matures in online operations, product development, channel layout, and market promotion, the brand strategy's benefits are expected to gradually emerge, potentially becoming a new engine for driving company performance growth [1]

格隆汇10月30日丨哈尔斯(002615.SZ)发布公告，2025年前三季度，实现营业收入24.37亿元，同比增加 2.94%；归属于上市公司股东的净利润1.001亿元，同比减少55.49%；归属于上市公司股东的扣除非经常 性损益的净利润1.004亿元，同比减少54.28%；基本每股收益0.22元。 ...

Core Viewpoint - Hars (002615.SZ) reported a revenue of 2.437 billion yuan for the first three quarters, reflecting a year-on-year growth of 2.94% despite facing short-term fluctuations due to international trade tensions, changes in customer structure, and exchange rate volatility [1] Group 1: Financial Performance - The company achieved a revenue of 2.437 billion yuan in the first three quarters, marking a 2.94% increase year-on-year [1] - The management acknowledged that while terminal demand remains strong, the company's performance has been impacted by external factors [1] Group 2: Operational Challenges - The company is experiencing short-term performance fluctuations due to international trade friction, customer structure changes, and exchange rate fluctuations [1] - There is a significant cost increase due to supply chain restructuring and labor reserves, alongside ongoing capacity ramp-up and fixed asset depreciation [1] Group 3: Strategic Focus - The management emphasized the importance of international business as a cornerstone, with a focus on enhancing the international team's capabilities and establishing the Thailand base as a strategic support point [1] - Domestic operations are encouraged to continue brand transformation, focusing on a series and family product matrix, and enhancing brand value through IP collaboration strategies [1] Group 4: Future Outlook - The company believes that external challenges are temporary and do not diminish its growth potential [1] - It is expected that as overseas factory capacities are fully released and domestic teams mature, the company's performance will gain new momentum [1]

证券代码：002615 证券简称：哈尔斯 公告编号：2025-089 浙江哈尔斯真空器皿股份有限公司 关于召开 2025 年第五次临时股东会的通知 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、召开会议的基本情况 5、会议的召开方式：现场表决与网络投票相结合。 6、会议的股权登记日：2025 年 11 月 10 日 7、出席对象： （1）在股权登记日持有公司股份的普通股股东或其代理人；于股权登记日下午收市 时在结算公司登记在册的本公司全体普通股股东均有权出席本次股东会，并可以以书面形 式委托代理人出席会议和参加表决，该股东代理人不必是本公司股东。 （2）公司董事和高级管理人员。 1、股东会届次：2025 年第五次临时股东会 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易所股票上市 规则》《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》等法 律、行政法规、部门规章、规范性文件及《公司章程》的有关规定。 4、会议时间： （1）现场会议时间：2025 年 11 月 17 日 15:00 （ ...