Financial Performance - The company's operating revenue for 2024 reached ¥2,951,085,176.94, representing a 9.32% increase compared to ¥2,699,515,768.67 in 2023[20]. - The net profit attributable to shareholders decreased by 23.97% to ¥141,644,045.92 in 2024 from ¥186,309,609.27 in 2023[20]. - The net profit after deducting non-recurring gains and losses was ¥133,770,325.97, down 25.86% from ¥180,431,975.96 in the previous year[20]. - The net cash flow from operating activities surged by 1,127.74% to ¥309,587,531.84, compared to ¥25,215,994.27 in 2023[20]. - Basic earnings per share fell by 24.08% to ¥0.4846 in 2024 from ¥0.6383 in 2023[21]. - Total assets increased by 9.15% to ¥4,488,448,415.51 at the end of 2024, up from ¥4,112,131,121.95 at the end of 2023[21]. - The weighted average return on equity decreased by 1.94 percentage points to 5.96% in 2024 from 7.90% in 2023[21]. - The company achieved a revenue of 295,108.52 million yuan in 2024, representing a year-on-year growth of 9.32%[48]. - The net profit attributable to shareholders decreased by 23.97% to 14,164.40 million yuan compared to the previous year[48]. - The net cash flow from operating activities increased significantly by 1127.74% to 30,958.75 million yuan year-on-year[48]. Dividend Policy - The company plans to distribute a cash dividend of 1.5 RMB per 10 shares to all shareholders, with no bonus shares issued[6]. - The cash dividend policy includes a distribution of CNY 1.5 per 10 shares, amounting to a total cash dividend of CNY 44,285,568.60, which represents 100% of the profit distribution[189]. - The company has not engaged in cash dividends in the past but has established a clear and transparent cash dividend policy[188]. Business Operations - The company primarily engages in the research, production, and sales of natural cowhide leather, with key products including leather for shoes, bags, automotive interiors, and furniture[36]. - The company has established partnerships with major automotive brands such as Li Auto, NIO, Chery, and Geely, supplying multiple models with automotive interior leather[39]. - The company has a dual R&D system, with a technical center focusing on cutting-edge technology and product development teams in each division, enhancing collaboration with downstream clients[40]. - The company has a strong procurement strategy, allowing it to negotiate favorable purchasing conditions due to its large-scale procurement capabilities[39]. - The company is expanding its international presence by investing in production capacities in Indonesia and Vietnam to better serve international brands[37]. - The company employs a direct sales model for large brand clients and a distributor model for regional market expansion, enhancing market responsiveness[36]. - The company has a diversified product range, including leather for electronic coverings and collagen products, which helps in balancing raw material consumption[42]. - The company has a strong competitive advantage in terms of scale, allowing for effective cost control and resource integration in raw material procurement[41]. Research and Development - The company has filed for 92 effective patents, including 87 invention patents, and has participated in the formulation of 14 national and industry standards[44]. - The company is focusing on developing new functional and high-performance products, including antibacterial and self-cleaning leather[83]. - The company has established a dual R&D system, with 28 R&D projects planned for 2024, focusing on sustainable leather production and innovation[44]. - The number of R&D personnel increased by 7.07% to 303, with a slight decrease in the proportion of R&D personnel to total staff from 8.63% to 8.23%[84]. - R&D investment increased by 7.86% to ¥77,647,809.51 in 2024, accounting for 2.63% of operating revenue[84]. Market Trends and Challenges - The retail sales of clothing, shoes, and textiles in China grew only 0.3% to ¥1.47 trillion in 2024, indicating weak performance in the sector[33]. - The fluctuation of raw material prices, particularly cowhide, poses a significant risk to the company's profitability[130]. - The changing fashion trends may reduce the demand for natural leather in shoe applications, prompting the company to adjust its product styles and explore new markets[134]. - The company faces risks from environmental policies that may increase operational costs due to stricter pollution regulations[128]. Corporate Governance - The company has established a complete and independent procurement, production, sales, and R&D system, demonstrating its capability for independent market operations[147]. - The company adheres to legal and regulatory requirements in governance, ensuring transparency and effective communication with investors[146]. - The company has maintained compliance with corporate governance standards, ensuring no major discrepancies with regulatory requirements[146]. - The current board of directors and senior management have not experienced any changes in their positions during the reporting period[157]. - The company has not reported any dismissals or resignations among its directors or senior management during the reporting period[157]. Employee Management - The total number of employees at the end of the reporting period was 3,680, with 2,490 in production, 115 in sales, and 540 in technical roles[182]. - The company emphasizes a salary policy that prioritizes efficiency while ensuring fairness, aiming to attract and retain key talent[184]. - The company has a training program in place to enhance employee skills and capabilities through various training methods[185]. - The company has implemented a stock option incentive plan, granting 13.4 million stock options at an exercise price of CNY 8.19 per share to 251 eligible participants[191]. Strategic Initiatives - The company is exploring potential acquisitions to enhance its product portfolio, with a budget of 500 million RMB allocated for this purpose[7]. - A new strategic partnership was formed with a leading tech firm, expected to drive innovation and market reach[8]. - The company plans to increase its marketing budget by 15% to support brand awareness initiatives[9]. - The company is set to review its stock option incentive plan, with adjustments to the exercise price proposed for 2023[179].

序号股票简称PE(TTM)PE(静)市净率总市值(元)56兴业科技22.8815.041.2028.02亿行业平均 42.7532.862.3252.11亿行业中值25.6128.841.7529.41亿1红豆股份-844.41166.091.7649.84亿2红蜻 蜓-357.0758.571.0630.42亿3歌力思-268.9923.440.8724.77亿4欣龙控股-212.70-133.523.4322.18亿5安正时 尚-140.3244.391.0620.76亿6中胤时尚-89.92-90.583.0730.10亿7哈森股份-80.63-699.954.9037.31亿8欣贺股 份-62.7928.841.0728.88亿9华升股份-43.20-43.205.1421.31亿10ST摩登-33.07-17.444.3015.53亿11华纺股 份-30.52-30.521.4016.94亿 资金流向方面，4月25日，兴业科技主力资金净流入325.60万元，近5日总体呈流入状态，5日共流入 217.32万元。 来源：金融界 4月25日，兴业科技今日收盘9.6元，上涨1.16%，滚动市盈率PE（当前股 ...

4月16日，兴业科技今日收盘9.07元，下跌1.41%，滚动市盈率PE（当前股价与前四季度每股收益总和的 比值）达到21.61倍，总市值26.47亿元。 从行业市盈率排名来看，公司所处的纺织服装行业市盈率平均44.08倍，行业中值24.52倍，兴业科技排 名第57位。 截至2024年三季报，共有50家机构持仓兴业科技，其中基金50家，合计持股数542.52万股，持股市值 0.51亿元。 兴业皮革科技股份有限公司主营业务是天然牛皮革的研发、生产与销售。主要产品为鞋面用皮革、包袋 用皮革、军用皮革、家具用皮革以及特殊功能性皮革。公司的技术中心被国家发改委、科技部、财政 部、国家税务总局、海关总署五部委认定为"国家企业技术中心"。 最新一期业绩显示，2024年三季报，公司实现营业收入20.14亿元，同比3.77%；净利润1.10亿元，同 比-36.78%，销售毛利率21.27%。 序号股票简称PE(TTM)PE(静)市净率总市值(元)57兴业科技21.6114.211.1326.47亿行业平均 44.0833.082.2851.73亿行业中值24.5225.171.7229.98亿1红豆股份-856.09168.3 ...

4月14日，兴业科技今日收盘9.16元，上涨1.89%，滚动市盈率PE（当前股价与前四季度每股收益总和的 比值）达到21.83倍，总市值26.73亿元。 从行业市盈率排名来看，公司所处的纺织服装行业市盈率平均44.28倍，行业中值24.37倍，兴业科技排 名第57位。 资金流向方面，4月14日，兴业科技主力资金净流出266.38万元，近5日总体呈流入状态，5日共流入 123.96万元。 兴业皮革科技股份有限公司主营业务是天然牛皮革的研发、生产与销售。主要产品为鞋面用皮革、包袋 用皮革、军用皮革、家具用皮革以及特殊功能性皮革。公司的技术中心被国家发改委、科技部、财政 部、国家税务总局、海关总署五部委认定为"国家企业技术中心"。 最新一期业绩显示，2024年三季报，公司实现营业收入20.14亿元，同比3.77%；净利润1.10亿元，同 比-36.78%，销售毛利率21.27%。 序号股票简称PE(TTM)PE(静)市净率总市值(元)57兴业科技21.8314.351.1426.73亿行业平均 44.2833.612.3251.57亿行业中值24.3724.751.7028.36亿1红豆股份-859.98169.1 ...

最新一期业绩显示，2024年三季报，公司实现营业收入20.14亿元，同比3.77%；净利润1.10亿元，同 比-36.78%，销售毛利率21.27%。 序号股票简称PE(TTM)PE(静)市净率总市值(元)56兴业科技23.0415.151.2128.22亿行业平均 45.2334.762.4954.04亿行业中值25.8025.991.7330.59亿1红豆股份-906.67178.331.8953.51亿2红蜻 蜓-367.8960.341.0931.35亿3歌力思-280.2224.420.9125.80亿4华斯股份-251.93-120.441.2915.66亿5安正时 尚-148.6947.031.1322.00亿6中胤时尚-108.16144.253.1030.79亿7哈森股份-79.02-685.964.8036.57亿8欣龙 控股-73.06-79.923.4922.72亿9欣贺股份-66.5230.561.1430.60亿10金发拉比-53.39-85.442.4920.07亿11*ST 天创-46.79-65.131.7619.64亿 来源：金融界 3月28日，兴业科技今日收盘9.67元， ...

兴业皮革科技股份有限公司主营业务是天然牛皮革的研发、生产与销售。主要产品为鞋面用皮革、包袋 用皮革、军用皮革、家具用皮革以及特殊功能性皮革。公司的技术中心被国家发改委、科技部、财政 部、国家税务总局、海关总署五部委认定为"国家企业技术中心"。 最新一期业绩显示，2024年三季报，公司实现营业收入20.14亿元，同比3.77%；净利润1.10亿元，同 比-36.78%，销售毛利率21.27%。 序号股票简称PE(TTM)PE(静)市净率总市值(元)57兴业科技23.6915.571.2429.01亿行业平均 46.8035.862.5554.98亿行业中值26.1925.931.7631.02亿1红豆股份-926.13182.161.9354.66亿2红蜻 蜓-378.7162.111.1232.27亿3歌力思-287.0325.010.9326.43亿4华斯股份-261.64-125.081.3416.26亿5安正时 尚-154.3548.821.1722.83亿6中胤时尚-104.62139.533.0029.78亿7哈森股份-79.92-693.784.8536.98亿8欣龙 控股-75.83-82.95 ...

证券代码：002674 证券简称：兴业科技 公告编号：2025-010 兴业皮革科技股份有限公司 关于控股股东部分股份质押及解除质押的公告 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。 二、风险提示 控股股东信用状况良好，具备履约能力，质押风险可控，不存在平仓风险， 不存在影响公司生产经营、公司治理的情形。后续若出现平仓风险，控股股东将 采取包括但不限于提前购回、追加保证金或者追加质押物等措施应对。公司将持 续关注控股股东的股份质押情况，并及时履行信息披露义务，敬请广大投资者注 意投资风险。 特此公告。 一、股东股份质押及解除质押的基本情况 | | 是否为控 | | | | 是否为限 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东名 | 股股东或 | 本次质押 | 占其所 | 占公司 | 售股（如 | 是否为 | 质押起 | | 质押到 | | | 质押 | | 称 | 第一大股 | 数量（股） | 持股份 ...

江苏银行股份有限公司睢宁支行（以下简称"江苏银行睢宁支行"）批准向 子公司兴宁皮业提供额度为 4,000 万元的综合授信额度，该授信额度可用作贸易 融资、流动资金贷款等，授信期限为自江苏银行睢宁支行审批通过之日起 1 年， 由公司为本次授信及其授信条件下的融资提供连带责任担保。 证券代码：002674 证券简称：兴业科技 公告编号：2025-009 兴业皮革科技股份有限公司 关于为子公司提供担保的进展公告（九） 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。 兴业皮革科技股份有限公司（以下简称"公司"）于 2024 年 4 月 20 日召开第 六届董事会第七次会议，会议审议通过了《关于公司为子公司提供担保额度的议 案》，该议案于 2024 年 5 月 15 日经公司 2023 年度股东大会审议通过。公司向下 属子公司提供累计不超过 12.3 亿元的新增担保额度，其中为子公司徐州兴宁皮 业有限公司（以下简称"兴宁皮业"）提供担保额度 15,000 万元，上述担保额度 的有效期为自股东大会审议通过之日起 12 个月内。上述具体内容详见公司于 2024 年 4 月 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative return of over 20% within the next six months [6][18]. Core Views - The company is strengthening its production capacity in Vietnam by acquiring 100% of Fuyuan Technology for $1.5 million and investing an additional 50 million RMB for facility upgrades and equipment purchases [1][2]. - The acquisition aims to enhance local supply capabilities and improve order response times for downstream customers, leveraging Vietnam's advantageous labor costs and logistics infrastructure [2][3]. - The company forecasts earnings per share (EPS) of 0.53 RMB, 0.70 RMB, and 0.91 RMB for the years 2024, 2025, and 2026, respectively, with corresponding price-to-earnings (PE) ratios of 18.75x, 14.05x, and 10.91x [3][5]. Financial Data and Valuation - The company’s projected revenue for 2024 is 2,847.99 million RMB, with a growth rate of 5.50% compared to 2023 [5][11]. - The expected EBITDA for 2024 is 488.98 million RMB, with a slight decrease from 2023 [5][11]. - The net profit attributable to the parent company is forecasted to be 153.77 million RMB for 2024, reflecting a decline of 17.47% from the previous year [5][11]. - The company’s total assets are projected to be 3,919.06 million RMB in 2024, with a debt-to-asset ratio of 31.45% [11][13].

公司向厦门银行泉州分行申请 10,000 万元的综合授信额度，自厦门银行泉 州分行批准之日起，授信期间一年。 证券代码：002674 证券简称：兴业科技 公告编号：2025-008 兴业皮革科技股份有限公司 关于公司向银行申请授信的公告 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。 兴业皮革科技股份有限公司（以下简称"公司"）于 2025 年 2 月 22 日召开 第六届董事会第八次临时会议审议通过了《关于公司向银行申请授信的议案》。 现将相关事项公告如下： 一、申请授信情况概述 公司向厦门银行股份有限公司泉州分行（以下简称"厦门银行泉州分行"） 申请 10,000 万元的综合授信额度，自厦门银行泉州分行批准之日起，授信期间 一年。 二、 申请授信的主要内容 2025 年 2 月 22 日 上述授信为无抵押、无担保的信用授信，授信用途包括但不限于流动资金贷 款、银行承兑汇票额度、信用证额度等。授信用途、授信额度、授信期限最终以 银行实际审批的情况为准。授信期限内，授信额度可循环使用。 三、申请授信的目的及对公司的影响 1、第六届董事会第八次临时会议决议； 2 ...