Core Viewpoint - The company’s controlling shareholders plan to increase their holdings by an amount ranging from 6 million to 12 million yuan within a six-month period starting from April 9, 2025 [1] Group 1 - The shareholders, Lü Lizhen and Ouyang Bo, have already increased their holdings by purchasing 765,000 shares, which represents 0.16% of the company's total share capital, at a cost of 6.0218 million yuan [1] - Lü Lizhen acquired 515,000 shares, while Ouyang Bo purchased 250,000 shares as part of the completed increase in holdings [1]

Core Points - The company announced a share repurchase plan, starting from September 2, 2025, to September 26, 2025, involving the repurchase of 4.8456 million shares, which accounts for approximately 1.04% of the total share capital [1] - The highest price for the repurchased shares was 8.41 CNY per share, while the lowest price was 7.69 CNY per share [1] - The total amount spent on the share repurchase was 38.9859 million CNY, excluding transaction fees such as stamp duty and commission [1] - The progress of the share repurchase complies with relevant laws and regulations as well as the company's repurchase plan requirements [1]

Company Overview - Harls Co., Ltd. is located in Yongkang City, Zhejiang Province, and was established on May 23, 1995. The company was listed on September 9, 2011. Its main business involves the research, design, production, and sales of stainless steel vacuum insulated containers [2] - The revenue composition of Harls includes 87.54% from vacuum containers, 10.52% from aluminum bottles and others, and 1.94% from supplementary sources [2] - As of June 30, 2025, the number of shareholders reached 49,700, an increase of 60.21% from the previous period, while the average circulating shares per person decreased by 37.62% to 6,159 shares [2] Stock Performance - As of September 18, Harls' stock price increased by 2.08% to 8.33 CNY per share, with a trading volume of 44.08 million CNY and a turnover rate of 1.76%, resulting in a total market capitalization of 3.884 billion CNY [1] - Year-to-date, Harls' stock price has risen by 8.17%, with a 1.46% increase over the last five trading days, a 6.51% decrease over the last 20 days, and a 2.46% increase over the last 60 days [2] Financial Performance - For the first half of 2025, Harls achieved a revenue of 1.571 billion CNY, representing a year-on-year growth of 12.83%. However, the net profit attributable to shareholders decreased by 29.00% to 91.35 million CNY [2] - Since its A-share listing, Harls has distributed a total of 656 million CNY in dividends, with 255 million CNY distributed over the past three years [3] Institutional Holdings - As of June 30, 2025, the top ten circulating shareholders of Harls include a new entrant, Bosera Phoenix Leading Mixed A (013450), holding 1.5042 million shares. Meanwhile, two funds, China Merchants Quantitative Selected Stock Initiated A (001917) and China Merchants Growth Quantitative Selected Stock A (020901), have exited the top ten list [3]

Core Insights - The letter from the chairman of Hars to investors highlights the company's 40-year journey and its evolution in the vacuum vessel industry, marking significant milestones such as its establishment in 1996 and becoming the first listed company in the Chinese cup and kettle industry in 2011 [1][3] Industry Overview - The Chinese cup and kettle industry has undergone a transformation from technology introduction to brand emergence and consumption upgrade, with Hars actively participating in this evolution [2] - The North American market has seen explosive growth in the cup and kettle sector driven by expanded consumption scenarios, product innovation, and brand rejuvenation strategies [2] - The outdoor activities market in Europe and America has transformed thermal cups from mere tools to essential items for outdoor activities, with brands like YETI and Stanley leading this trend [2] - In the first half of 2024, China's thermal cup exports reached $2.354 billion (approximately 17 billion RMB), a year-on-year increase of 582.7%, with Zhejiang Yongkang contributing about 70% of the total export volume [2] Company Performance - Hars reported a nearly 40% year-on-year increase in revenue for 2024, growing from 510 million RMB to 3.4 billion RMB over thirteen years, with cumulative dividends of 722 million RMB [3] - The company aims to enhance its research and development, products, branding, and channels, positioning each cup as a "super interface" for users' lifestyles [3] Market Challenges and Strategies - Despite rapid industry expansion, international market uncertainties have impacted Hars, particularly in the second quarter, where OEM revenue growth slowed due to unclear tariff policies [4] - The company has seen a slight increase in revenue concentration from its top five clients, indicating a structural adjustment in the foreign market [4] - Hars is accelerating the construction of its factory in Thailand to mitigate tariff disruptions, with the second phase of the factory reaching production capacity in the first half of the year [4] - The company has received positive feedback from core clients as it adapts to new regional expansion strategies and optimizes its supplier system [4]

Group 1: Financial Performance - In Q2 2025, the company's revenue reached 870 million, a year-on-year increase of 6%, while net profit attributable to the parent company was 50 million, down 49% year-on-year [1] - For H1 2025, the company reported a total revenue of 1.57 billion, up 13% year-on-year, and a net profit of 90 million, down 29% year-on-year [1] - The overall gross margin for H1 2025 was 28.7%, a decrease of 1 percentage point year-on-year, with specific margins for vacuum vessels and aluminum bottles at 27.4% and 40.3%, respectively [1] Group 2: Revenue Breakdown - The revenue from vacuum vessels was 1.38 billion, accounting for 87.5% of total revenue, with a year-on-year growth of 13% [1] - Revenue from aluminum bottles and other businesses was 170 million, representing 10.5% of total revenue, with a year-on-year increase of 11% [1] - Domestic revenue was 210 million, up 5% year-on-year, while overseas revenue was 1.37 billion, up 14% year-on-year, making up 87% of total revenue [1] Group 3: Cost and Expenses - The company experienced an increase in expense ratios across sales, management, R&D, and financial costs, with financial costs rising significantly due to fluctuations in the USD exchange rate [1] - The net profit margin for H1 2025 was 5.8%, down 3.5 percentage points year-on-year [1] Group 4: Business Strategy - The company is focusing on expanding its OEM business, particularly in overseas markets, and has established close partnerships with globally recognized brands [2] - The company has made progress in building its own brand, with the Harls brand center undergoing a dual upgrade and establishing a complete end-to-end operational team [2] - The SIGG brand is enhancing its sales network in Europe and collaborating with high-end brands like LV and Bentley to strengthen its market presence [2] Group 5: Future Outlook - The company has adjusted its revenue and profit forecasts for 2025-2027, expecting revenues of 3.8 billion, 4.4 billion, and 5.1 billion, and net profits of 270 million, 330 million, and 410 million, respectively [3] - The expected EPS for the same period is 0.6, 0.7, and 0.9, with corresponding PE ratios of 14, 11, and 9 [3]

证券代码：002615 证券简称：哈尔斯 公告编号：2025-077 浙江哈尔斯真空器皿股份有限公司 2025 年第四次临时股东大会决议公告 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、会议召开和出席情况 1、会议召开情况 （1）现场会议召开时间：2025 年 9 月 12 日（周五）15:00。 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时 间为 2025 年 9 月 12 日 9:15—9:25,9:30—11:30 和 13:00—15:00。通过深圳证券 交易所互联网投票系统投票的具体时间为 2025 年 9 月 12 日 9:15—15:00。 （3）会议召开地点：浙江省永康市哈尔斯路 1 号印象展厅 3 楼。 （4）召开方式：现场表决与网络投票相结合的方式。 （5）会议召集与主持人：董事会召集，董事长吕强先生主持。 （6）本次股东大会的召集、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》等有关法律、行政法规、部门规章、规范性文件及《公 司章程》的规定。 2、会议出席情况 参加本次会议的股东及股东授权代 ...

浙江哈尔斯真空器皿股份有限公司（以下简称"公司"）第六届董事会第十七 次会议通知于 2025 年 9 月 7 日以书面、电子邮件等方式送达全体董事，会议于 2025 年 9 月 12 日以通讯表决的方式召开。本次会议应出席董事 8 名，实际出席 董事 8 名。会议由公司董事长吕强先生召集并主持。本次会议的召集、召开符合 《公司法》等法律法规及规范性文件和《公司章程》的规定，形成的决议合法有 效。 一、会议审议情况 经与会董事审议，形成了以下决议： （一）审议通过《关于选举代表公司执行公司事务的董事的议案》 证券代码：002615 证券简称：哈尔斯 公告编号：2025-078 浙江哈尔斯真空器皿股份有限公司 第六届董事会第十七次会议决议公告 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。 第六届董事会第十七次会议决议。 特此公告。 浙江哈尔斯真空器皿股份有限公司董事会 2025 年 9 月 13 日 表决结果：8 票同意、0 票反对、0 票弃权。 公司董事会同意选举吕强先生为公司第六届董事会代表公司执行公司事务 的董事，即法定代表人，任期自本次董事会审议通过之日 ...

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 2025年第四次临时股东大会的法律意见书 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（以下简称"本所"）接受浙江哈尔斯真空器皿 股份有限公司（以下简称"公司"）的委托，指派本所律师列席公司于 2025 年 9 月 12 日 15 时 00 分在浙江省永康市哈尔斯路 1 号印象展厅 3 楼召开的 2025 年 第四次临时股东大会（以下称"本次股东大会"），并依据《中华人民共和国公 司法》等中国法律、法规和相关规范性文件（以下称"中国法律法规"）及《浙 江哈尔斯真空器皿股份有限公司章程》（以下称"公司章程"）的规定，就本次 股东大会的召集和召开程序、出席会议人员资格、召集人资格、会议表决程序和 表决结果等事宜（以下称"程序事宜"）出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的有关本次股东大会的文件， 包括但不限于公司第六届董事会第十六次会议决议、第六届监事会第十五次会议 决议以及根据上述决议内容刊登的公告、本次股东大会的通知、议案和决议等， 同时听取了公司及相关人员就有关事实的陈述和说明，列席了本次股东大会。公 司承 ...

Investment Rating - The investment rating for the company is "Buy" with a target price expected to yield over 20% relative return within six months [5][17]. Core Insights - The company reported a revenue of 870 million yuan in Q2 2025, a year-on-year increase of 6%, and a net profit attributable to shareholders of 50 million yuan, down 49% year-on-year. For H1 2025, the revenue was 1.57 billion yuan, up 13% year-on-year, while the net profit was 90 million yuan, down 29% year-on-year [1]. - The growth in revenue is primarily driven by overseas business, with overseas revenue accounting for 87% of total revenue, growing at 14% year-on-year, compared to a 5% increase in domestic revenue [1]. - The overall gross margin slightly decreased to 28.7%, down 1 percentage point year-on-year, with domestic and overseas gross margins at 30.2% and 28.5%, respectively [1]. - The company is focusing on expanding its OEM business and enhancing its own brand presence, establishing strategic partnerships with global brands and improving customer engagement [2]. - The company has adjusted its revenue and profit forecasts for 2025-2027, expecting revenues of 3.8 billion, 4.4 billion, and 5.1 billion yuan, and net profits of 270 million, 330 million, and 410 million yuan, respectively [3]. Financial Summary - For 2023, the company is projected to have a revenue of 2.41 billion yuan, with a growth rate of -0.86%. The net profit attributable to shareholders is expected to be 249.78 million yuan, reflecting a growth rate of 21.31% [4]. - The company's earnings per share (EPS) is projected to be 0.54 yuan for 2023, with a price-to-earnings (P/E) ratio of 15.23 [4]. - The total assets are estimated to be 2.79 billion yuan in 2023, with a debt-to-asset ratio of 53.25% [6][12].

鉴于公司于 2025 年 8 月 26 日披露了 2025 年半年度报告，根据《监管规则 适用指引——发行类第 7 号》等相关要求，公司会同中介机构对《募集说明书（注 册稿）》等申请文件中涉及的财务数据及其他变动事项进行了同步更新，并披露 《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 股股票募集说 明书（注册稿）》（2025 年半年报更新稿），具体内容详见公司同日在巨潮资讯网 （www.cninfo.com.cn）上披露的相关文件。 公司将根据该事项进展情况及时履行信息披露义务，敬请广大投资者谨慎决 策，注意投资风险。 特此公告。 浙江哈尔斯真空器皿股份有限公司董事会 2025年9月11日 浙江哈尔斯真空器皿股份有限公司 关于向特定对象发行股票募集说明书（注册稿）等申请文件 更新的提示性公告 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。 浙江哈尔斯真空器皿股份有限公司（以下简称"公司"）于 2025 年 9 月 3 日收到中国证券监督管理委员会（以下简称"中国证监会"）出具的《关于同意 浙江哈尔斯真空器皿股份有限公司向特定对象发行股票注 ...